ALPHA NETWORKS: 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 NETWORKS
Largest movements
- Intangible fixed assets +€934,498
up €934,498 (+41.4%), from €2.3m to €3.2m
- Receivables within one year -€347,025
down €347,025 (-9.8%), from €3.6m to €3.2m
of which Trade receivables: -€595,354
- Financial fixed assets +€328,193
up €328,193 (+8.9%), from €3.7m to €4.0m
- Tax, wage and social debts +€712,966
up €712,966 (+122%), from €583,752 to €1.3m
of which Taxes: +€779,811
- Trade debts -€661,059
down €661,059 (-29.9%), from €2.2m to €1.6m
- Profit (loss) carried forward +€512,573
up €512,573 (+1.4%), from -€36.0m to -€35.5m
- Current portion of long-term debt +€400,000
up €400,000 (+148%), from €270,104 to €670,104
- Debts after one year -€152,645
down €152,645 (-0.6%), from €26.2m to €26.0m
of which Financial debts: -€478,678
- Gross operating margin +€473,117
up €473,117 (+11.1%), from €4.3m to €4.7m
- Financial charges -€347,734
down €347,734 (-54.9%), from €633,776 to €286,042
of which Non-recurring financial charges: -€440,000
- Depreciation +€314,258
up €314,258 (+75.2%), from €418,154 to €732,412
- Staff costs -€301,549
down €301,549 (-9.0%), from €3.3m to €3.0m
- Financial income -€169,557
down €169,557 (-64.7%), from €262,058 to €92,500
of which Non-recurring financial income: -€149,354
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,695,587 | €10,520,823 | +€825,236 | +8.5% |
| Fixed assets | 21/28 | €5,983,780 | €7,207,736 | +€1.2m | +20.5% |
| Intangible fixed assets | 21 | €2,254,606 | €3,189,104 | +€934,498 | +41.4% |
| Tangible fixed assets | 22/27 | €61,830 | €23,096 | -€38,734 | -62.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €53,166 | €15,614 | -€37,553 | -70.6% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €8,664 | €7,483 | -€1,181 | -13.6% |
| Financial fixed assets | 28 | €3,667,343 | €3,995,536 | +€328,193 | +8.9% |
| Current assets | 29/58 | €3,711,807 | €3,313,087 | -€398,720 | -10.7% |
| Amounts receivable within one year | 40/41 | €3,556,886 | €3,209,861 | -€347,025 | -9.8% |
| Trade receivables | 40 | €3,403,043 | €2,807,688 | -€595,354 | -17.5% |
| Other amounts receivable | 41 | €153,843 | €402,173 | +€248,330 | +161% |
| Cash at bank and in hand | 54/58 | €60,317 | €25,347 | -€34,970 | -58.0% |
| Deferred charges and accrued income | 490/1 | €94,605 | €77,879 | -€16,726 | -17.7% |
| Total equity and liabilities | 10/49 | €9,695,587 | €10,520,823 | +€825,236 | +8.5% |
| Equity | 10/15 | -€21,049,828 | -€20,537,255 | +€512,573 | +2.4% |
| Contributions | 10/11 | €14,941,322 | €14,941,322 | = | 0.0% |
| Capital | 10 | €14,941,322 | €14,941,322 | = | 0.0% |
| Issued capital | 100 | €14,953,672 | €14,953,672 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,991,150 | -€35,478,577 | +€512,573 | +1.4% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Taxes | 161 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €30,735,415 | €31,048,078 | +€312,663 | +1.0% |
| Amounts payable after more than one year | 17 | €26,185,675 | €26,033,030 | -€152,645 | -0.6% |
| Financial debts | 170/4 | €2,729,896 | €2,251,218 | -€478,678 | -17.5% |
| Other amounts payable | 178/9 | €23,455,780 | €23,781,813 | +€326,033 | +1.4% |
| Amounts payable within one year | 42/48 | €4,477,065 | €4,942,373 | +€465,308 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €270,104 | €670,104 | +€400,000 | +148% |
| Financial debts | 43 | €1,408,420 | €1,421,821 | +€13,401 | +1.0% |
| Credit institutions | 430/8 | €547,068 | €547,000 | -€68 | 0.0% |
| Other loans | 439 | €861,352 | €874,821 | +€13,469 | +1.6% |
| Trade debts | 44 | €2,214,550 | €1,553,491 | -€661,059 | -29.9% |
| Suppliers | 440/4 | €2,214,550 | €1,553,491 | -€661,059 | -29.9% |
| Taxes, remuneration and social security | 45 | €583,752 | €1,296,717 | +€712,966 | +122% |
| Taxes | 450/3 | €190,004 | €969,815 | +€779,811 | +410% |
| Remuneration and social security | 454/9 | €393,747 | €326,902 | -€66,845 | -17.0% |
| Other amounts payable | 47/48 | €239 | €239 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €72,675 | €72,675 | = | 0.0% |
| Non-recurring operating income | 76A | €13,302 | €23,869 | +€10,567 | +79.4% |
| Remuneration, social security and pensions | 62 | €3,333,078 | €3,031,529 | -€301,549 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418,154 | €732,412 | +€314,258 | +75.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€36,233 | €102,275 | +€138,508 | |
| Other operating charges | 640/8 | €60,672 | €71,953 | +€11,281 | +18.6% |
| Non-recurring operating charges | 66A | - | €50,000 | +€50,000 | |
| Gross operating margin | 9900 | €4,276,057 | €4,749,174 | +€473,117 | +11.1% |
| Operating profit (loss) | 9901 | €500,386 | €761,006 | +€260,620 | +52.1% |
| Financial income | 75/76B | €262,058 | €92,500 | -€169,557 | -64.7% |
| Recurring financial income | 75 | €35,297 | €15,093 | -€20,204 | -57.2% |
| Non-recurring financial income | 76B | €226,761 | €77,407 | -€149,354 | -65.9% |
| Financial charges | 65/66B | €633,776 | €286,042 | -€347,734 | -54.9% |
| Recurring financial charges | 65 | €193,776 | €286,042 | +€92,266 | +47.6% |
| Non-recurring financial charges | 66B | €440,000 | - | -€440,000 | |
| Profit (loss) for the period before taxes | 9903 | €128,668 | €567,465 | +€438,797 | +341% |
| Income taxes | 67/77 | €54,621 | €54,892 | +€270 | +0.5% |
| Profit (loss) for the period | 9904 | €74,047 | €512,573 | +€438,527 | +592% |
| Profit (loss) for the period to be appropriated | 9905 | €74,047 | €512,573 | +€438,527 | +592% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.