ALPHA PASSION: 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 PASSION
Largest movements
- Tangible fixed assets -€39,250
down €39,250 (-10.4%), from €375,775 to €336,525
of which Land and buildings: -€39,250
- Receivables within one year +€12,262
up €12,262 (+34.4%), from €35,667 to €47,929
of which Trade receivables: +€12,262
- Deferred charges and accrued income +€7,897
up €7,897 (+12.6%), from €62,552 to €70,449
- Debts after one year -€31,996
down €31,996 (-11.2%), from €286,113 to €254,117
of which Financial debts: -€31,996
- Profit (loss) carried forward +€9,253
up €9,253 (+17.5%), from €52,847 to €62,100
- Gross operating margin -€5,373
down €5,373 (-7.3%), from €73,167 to €67,793
- Financial charges -€746
down €746 (-9.2%), from €8,064 to €7,319
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 | €480,865 | €457,428 | -€23,437 | -4.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €375,775 | €336,525 | -€39,250 | -10.4% |
| Tangible fixed assets | 22/27 | €375,775 | €336,525 | -€39,250 | -10.4% |
| Land and buildings | 22 | €375,775 | €336,525 | -€39,250 | -10.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €105,090 | €120,904 | +€15,813 | +15.0% |
| Amounts receivable within one year | 40/41 | €35,667 | €47,929 | +€12,262 | +34.4% |
| Trade receivables | 40 | €35,667 | €47,929 | +€12,262 | +34.4% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €6,872 | €2,526 | -€4,346 | -63.2% |
| Deferred charges and accrued income | 490/1 | €62,552 | €70,449 | +€7,897 | +12.6% |
| Total equity and liabilities | 10/49 | €480,865 | €457,428 | -€23,437 | -4.9% |
| Equity | 10/15 | €123,702 | €132,956 | +€9,253 | +7.5% |
| Contributions | 10/11 | €59,189 | €59,189 | = | 0.0% |
| Reserves | 13 | €11,666 | €11,666 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,528 | €3,528 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,528 | €3,528 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,138 | €8,138 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,847 | €62,100 | +€9,253 | +17.5% |
| Amounts payable | 17/49 | €357,163 | €324,473 | -€32,690 | -9.2% |
| Amounts payable after more than one year | 17 | €286,113 | €254,117 | -€31,996 | -11.2% |
| Financial debts | 170/4 | €276,197 | €244,201 | -€31,996 | -11.6% |
| Other amounts payable | 178/9 | €9,916 | €9,916 | = | 0.0% |
| Amounts payable within one year | 42/48 | €70,415 | €68,654 | -€1,760 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €33,786 | €34,627 | +€841 | +2.5% |
| Trade debts | 44 | €15,116 | €12,895 | -€2,222 | -14.7% |
| Suppliers | 440/4 | €15,116 | €12,895 | -€2,222 | -14.7% |
| Taxes, remuneration and social security | 45 | €130 | €374 | +€244 | +188% |
| Taxes | 450/3 | €130 | €374 | +€244 | +188% |
| Other amounts payable | 47/48 | €21,382 | €20,760 | -€623 | -2.9% |
| Accrued charges and deferred income | 492/3 | €635 | €1,702 | +€1,066 | +168% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,681 | €39,250 | +€568 | +1.5% |
| Other operating charges | 640/8 | €10,934 | €11,609 | +€675 | +6.2% |
| Gross operating margin | 9900 | €73,167 | €67,793 | -€5,373 | -7.3% |
| Operating profit (loss) | 9901 | €23,551 | €16,934 | -€6,617 | -28.1% |
| Financial charges | 65/66B | €8,064 | €7,319 | -€746 | -9.2% |
| Recurring financial charges | 65 | €8,064 | €7,319 | -€746 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €15,487 | €9,616 | -€5,872 | -37.9% |
| Income taxes | 67/77 | - | €362 | +€362 | |
| Profit (loss) for the period | 9904 | €15,487 | €9,253 | -€6,234 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,487 | €9,253 | -€6,234 | -40.3% |
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 16 October 2026 via checked.be.