ALPHA METAL: 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 METAL
Largest movements
- Receivables within one year +€27,007
up €27,007 (+235%), from €11,470 to €38,477
of which Trade receivables: +€31,310
- Cash -€22,344
down €22,344 (-48.2%), from €46,395 to €24,051
mainly Net result for the year (-€28,242) and Receivables within one year (-€27,007)
- Stocks and contracts -€15,500
down €15,500 (-58.5%), from €26,500 to €11,000
- Tangible fixed assets -€5,123
down €5,123 (-43.9%), from €11,667 to €6,544
of which Plant, machinery and equipment: -€3,056
- Profit (loss) carried forward -€28,242
down €28,242 (-48.5%), from €58,291 to €30,049
- Trade debts +€13,135
up €13,135 (+254%), from €5,175 to €18,310
- Gross operating margin -€16,439
down €16,439, from €11,328 to -€5,111
- Other operating charges +€13,168
up €13,168 (+957%), from €1,375 to €14,543
- Taxes +€2,740
new in 2025: €2,740
- Depreciation +€685
up €685 (+14.6%), from €4,688 to €5,373
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 | €99,193 | €84,123 | -€15,070 | -15.2% |
| Fixed assets | 21/28 | €11,667 | €6,544 | -€5,123 | -43.9% |
| Tangible fixed assets | 22/27 | €11,667 | €6,544 | -€5,123 | -43.9% |
| Plant, machinery and equipment | 23 | €8,405 | €5,349 | -€3,056 | -36.4% |
| Furniture and vehicles | 24 | €3,262 | €1,195 | -€2,067 | -63.4% |
| Current assets | 29/58 | €87,526 | €77,579 | -€9,947 | -11.4% |
| Stocks and contracts in progress | 3 | €26,500 | €11,000 | -€15,500 | -58.5% |
| Stocks | 30/36 | €26,500 | €11,000 | -€15,500 | -58.5% |
| Amounts receivable within one year | 40/41 | €11,470 | €38,477 | +€27,007 | +235% |
| Trade receivables | 40 | €1,470 | €32,780 | +€31,310 | +2,130% |
| Other amounts receivable | 41 | €10,000 | €5,697 | -€4,303 | -43.0% |
| Cash at bank and in hand | 54/58 | €46,395 | €24,051 | -€22,344 | -48.2% |
| Deferred charges and accrued income | 490/1 | €3,162 | €4,051 | +€889 | +28.1% |
| Total equity and liabilities | 10/49 | €99,193 | €84,123 | -€15,070 | -15.2% |
| Equity | 10/15 | €78,751 | €50,509 | -€28,242 | -35.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,291 | €30,049 | -€28,242 | -48.5% |
| Amounts payable | 17/49 | €20,442 | €33,614 | +€13,172 | +64.4% |
| Amounts payable within one year | 42/48 | €20,442 | €33,614 | +€13,172 | +64.4% |
| Trade debts | 44 | €5,175 | €18,310 | +€13,135 | +254% |
| Suppliers | 440/4 | €5,175 | €18,310 | +€13,135 | +254% |
| Taxes, remuneration and social security | 45 | €535 | - | -€535 | |
| Taxes | 450/3 | €535 | - | -€535 | |
| Other amounts payable | 47/48 | €14,732 | €15,304 | +€572 | +3.9% |
| Remuneration, social security and pensions | 62 | €372 | €295 | -€77 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,688 | €5,373 | +€685 | +14.6% |
| Other operating charges | 640/8 | €1,375 | €14,543 | +€13,168 | +957% |
| Non-recurring operating charges | 66A | €2,713 | - | -€2,713 | |
| Gross operating margin | 9900 | €11,328 | -€5,111 | -€16,439 | |
| Operating profit (loss) | 9901 | €2,179 | -€25,322 | -€27,501 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €171 | €180 | +€10 | +5.7% |
| Recurring financial charges | 65 | €171 | €180 | +€10 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €2,009 | -€25,502 | -€27,511 | |
| Income taxes | 67/77 | - | €2,740 | +€2,740 | |
| Profit (loss) for the period | 9904 | €2,009 | -€28,242 | -€30,251 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,009 | -€28,242 | -€30,251 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.