ALPHA@M-SERVICE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ALPHA@M-SERVICE
Largest movements
- Tangible fixed assets -€58,207
down €58,207 (-16.9%), from €344,603 to €286,397
of which Furniture and vehicles: -€42,418
- Cash +€27,819
up €27,819 (+67.0%), from €41,514 to €69,333
mainly Depreciation (+€36,726) and Net result for the year (+€22,815)
- Debts after one year -€32,100
down €32,100 (-12.8%), from €250,826 to €218,726
of which Financial debts: -€31,600
- Reserves +€16,886
up €16,886 (+10.8%), from €156,560 to €173,447
of which Distributable reserves: +€16,886
- Trade debts -€15,444
down €15,444 (-22.1%), from €69,847 to €54,404
- Tax, wage and social debts +€5,905
up €5,905 (+39.8%), from €14,831 to €20,736
of which Remuneration and social security: +€6,797
- Gross operating margin +€89,334
up €89,334 (+69.1%), from €129,254 to €218,589
- Staff costs +€58,824
up €58,824 (+92.9%), from €63,310 to €122,134
- Provisions +€14,619
up €14,619, from -€14,619 to €0
- Depreciation -€7,632
down €7,632 (-17.2%), from €44,358 to €36,726
- Other operating charges +€4,473
up €4,473 (+213%), from €2,097 to €6,569
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €543,088 | €516,540 | -€26,549 | -4.9% |
| Fixed assets | 21/28 | €349,203 | €290,997 | -€58,207 | -16.7% |
| Tangible fixed assets | 22/27 | €344,603 | €286,397 | -€58,207 | -16.9% |
| Plant, machinery and equipment | 23 | €4,678 | €2,982 | -€1,696 | -36.2% |
| Furniture and vehicles | 24 | €88,489 | €46,071 | -€42,418 | -47.9% |
| Leasing and similar rights | 25 | €7,723 | €4,391 | -€3,332 | -43.1% |
| Other tangible fixed assets | 26 | €243,714 | €232,953 | -€10,761 | -4.4% |
| Financial fixed assets | 28 | €4,600 | €4,600 | = | 0.0% |
| Current assets | 29/58 | €193,885 | €225,543 | +€31,658 | +16.3% |
| Stocks and contracts in progress | 3 | €10,262 | €10,657 | +€394 | +3.8% |
| Stocks | 30/36 | €10,262 | €10,657 | +€394 | +3.8% |
| Amounts receivable within one year | 40/41 | €128,158 | €133,403 | +€5,245 | +4.1% |
| Trade receivables | 40 | €79,947 | €79,461 | -€486 | -0.6% |
| Other amounts receivable | 41 | €48,212 | €53,943 | +€5,731 | +11.9% |
| Cash at bank and in hand | 54/58 | €41,514 | €69,333 | +€27,819 | +67.0% |
| Deferred charges and accrued income | 490/1 | €13,950 | €12,150 | -€1,800 | -12.9% |
| Total equity and liabilities | 10/49 | €543,088 | €516,540 | -€26,549 | -4.9% |
| Equity | 10/15 | €162,760 | €179,647 | +€16,886 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €156,560 | €173,447 | +€16,886 | +10.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €148,700 | €165,587 | +€16,886 | +11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €380,328 | €336,893 | -€43,435 | -11.4% |
| Amounts payable after more than one year | 17 | €250,826 | €218,726 | -€32,100 | -12.8% |
| Financial debts | 170/4 | €250,076 | €218,476 | -€31,600 | -12.6% |
| Other amounts payable | 178/9 | €750 | €250 | -€500 | -66.7% |
| Amounts payable within one year | 42/48 | €129,291 | €117,956 | -€11,335 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €43,499 | €42,536 | -€963 | -2.2% |
| Trade debts | 44 | €69,847 | €54,404 | -€15,444 | -22.1% |
| Suppliers | 440/4 | €69,847 | €54,404 | -€15,444 | -22.1% |
| Advances received on contracts in progress | 46 | €280 | €280 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,831 | €20,736 | +€5,905 | +39.8% |
| Taxes | 450/3 | €5,787 | €4,895 | -€892 | -15.4% |
| Remuneration and social security | 454/9 | €9,044 | €15,841 | +€6,797 | +75.2% |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100% |
| Accrued charges and deferred income | 492/3 | €211 | €211 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €63,310 | €122,134 | +€58,824 | +92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,358 | €36,726 | -€7,632 | -17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,994 | +€1,994 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€14,619 | €0 | +€14,619 | |
| Other operating charges | 640/8 | €2,097 | €6,569 | +€4,473 | +213% |
| Non-recurring operating charges | 66A | €1,211 | €10,018 | +€8,806 | +727% |
| Gross operating margin | 9900 | €129,254 | €218,589 | +€89,334 | +69.1% |
| Operating profit (loss) | 9901 | €32,898 | €41,148 | +€8,250 | +25.1% |
| Financial income | 75/76B | €1,344 | €3,796 | +€2,452 | +182% |
| Recurring financial income | 75 | €1,344 | €3,796 | +€2,452 | +182% |
| Financial charges | 65/66B | €8,978 | €12,377 | +€3,399 | +37.9% |
| Recurring financial charges | 65 | €8,978 | €12,377 | +€3,399 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €25,263 | €32,567 | +€7,304 | +28.9% |
| Income taxes | 67/77 | €10,525 | €9,752 | -€773 | -7.3% |
| Profit (loss) for the period | 9904 | €14,738 | €22,815 | +€8,077 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,738 | €22,815 | +€8,077 | +54.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.