ALPHA MOTION: 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 MOTION
Largest movements
- Receivables within one year +€43,372
up €43,372 (+28.5%), from €152,220 to €195,592
of which Trade receivables: +€44,208
- Tangible fixed assets -€16,258
down €16,258 (-36.9%), from €44,020 to €27,761
of which Furniture and vehicles: -€16,162
- Deferred charges and accrued income -€5,186
down €5,186 (-69.8%), from €7,426 to €2,240
- Cash +€2,608
up €2,608 (+224.9%), from €1,160 to €3,768
mainly Other debts (+€124,672) and Depreciation (+€17,341)
- Other debts +€124,672
up €124,672 (+241.0%), from €51,735 to €176,407
- Debts after one year -€71,058
no longer reported in 2025 (was €71,058)
- Trade debts -€25,965
down €25,965 (-19.3%), from €134,242 to €108,277
- Tax, wage and social debts -€19,192
down €19,192 (-31.2%), from €61,531 to €42,338
of which Taxes: -€15,780
- Profit (loss) carried forward +€16,080
up €16,080 (+12.3%), from -€130,851 to -€114,771
- Gross operating margin +€135,382
up €135,382 (+198.1%), from €68,325 to €203,708
- Financial charges -€20,209
down €20,209 (-96.3%), from €20,985 to €777
of which Non-recurring financial charges: -€19,576
- Depreciation -€15,257
down €15,257 (-46.8%), from €32,598 to €17,341
- Staff costs +€9,351
up €9,351 (+6.9%), from €136,259 to €145,610
- Other operating charges +€8,167
up €8,167 (+99.1%), from €8,241 to €16,408
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.
Cash bridge derived
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 | €209,715 | €234,251 | +€24,536 | +11.7% |
| Fixed assets | 21/28 | €48,909 | €32,651 | -€16,258 | -33.2% |
| Tangible fixed assets | 22/27 | €44,020 | €27,761 | -€16,258 | -36.9% |
| Plant, machinery and equipment | 23 | €191 | €96 | -€96 | -50.0% |
| Furniture and vehicles | 24 | €43,828 | €27,666 | -€16,162 | -36.9% |
| Financial fixed assets | 28 | €4,890 | €4,890 | = | 0.0% |
| Current assets | 29/58 | €160,806 | €201,600 | +€40,795 | +25.4% |
| Amounts receivable within one year | 40/41 | €152,220 | €195,592 | +€43,372 | +28.5% |
| Trade receivables | 40 | €150,125 | €194,333 | +€44,208 | +29.4% |
| Other amounts receivable | 41 | €2,095 | €1,260 | -€836 | -39.9% |
| Cash at bank and in hand | 54/58 | €1,160 | €3,768 | +€2,608 | +224.9% |
| Deferred charges and accrued income | 490/1 | €7,426 | €2,240 | -€5,186 | -69.8% |
| Total equity and liabilities | 10/49 | €209,715 | €234,251 | +€24,536 | +11.7% |
| Equity | 10/15 | -€108,851 | -€92,771 | +€16,080 | +14.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,851 | -€114,771 | +€16,080 | +12.3% |
| Amounts payable | 17/49 | €318,566 | €327,023 | +€8,457 | +2.7% |
| Amounts payable after more than one year | 17 | €71,058 | - | -€71,058 | |
| Other amounts payable | 178/9 | €71,058 | - | -€71,058 | |
| Amounts payable within one year | 42/48 | €247,508 | €327,023 | +€79,515 | +32.1% |
| Trade debts | 44 | €134,242 | €108,277 | -€25,965 | -19.3% |
| Suppliers | 440/4 | €134,242 | €108,277 | -€25,965 | -19.3% |
| Taxes, remuneration and social security | 45 | €61,531 | €42,338 | -€19,192 | -31.2% |
| Taxes | 450/3 | €35,062 | €19,282 | -€15,780 | -45.0% |
| Remuneration and social security | 454/9 | €26,469 | €23,057 | -€3,412 | -12.9% |
| Other amounts payable | 47/48 | €51,735 | €176,407 | +€124,672 | +241.0% |
| Remuneration, social security and pensions | 62 | €136,259 | €145,610 | +€9,351 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,598 | €17,341 | -€15,257 | -46.8% |
| Other operating charges | 640/8 | €8,241 | €16,408 | +€8,167 | +99.1% |
| Non-recurring operating charges | 66A | €2,000 | - | -€2,000 | |
| Gross operating margin | 9900 | €68,325 | €203,708 | +€135,382 | +198.1% |
| Operating profit (loss) | 9901 | -€110,772 | €24,349 | +€135,121 | |
| Financial income | 75/76B | €58 | €1 | -€57 | -99.1% |
| Recurring financial income | 75 | €58 | €1 | -€57 | -99.1% |
| Financial charges | 65/66B | €20,985 | €777 | -€20,209 | -96.3% |
| Recurring financial charges | 65 | €1,409 | €777 | -€633 | -44.9% |
| Non-recurring financial charges | 66B | €19,576 | - | -€19,576 | |
| Profit (loss) for the period before taxes | 9903 | -€131,700 | €23,573 | +€155,272 | |
| Income taxes | 67/77 | - | €7,493 | +€7,493 | |
| Profit (loss) for the period | 9904 | -€131,700 | €16,080 | +€147,779 | |
| Profit (loss) for the period to be appropriated | 9905 | -€131,700 | €16,080 | +€147,779 |
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 9 October 2026 via checked.be.