ALPHA PERFORMANCE: 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 PERFORMANCE
Largest movements
- Cash +€24,139
up €24,139 (+335.6%), from €7,193 to €31,332
mainly Investment in fixed assets (net) (+€19,862) and Net result for the year (+€4,260)
- Tangible fixed assets -€22,163
down €22,163 (-93.4%), from €23,720 to €1,557
of which Plant, machinery and equipment: -€21,339
- Deferred charges and accrued income -€2,718
down €2,718 (-97.9%), from €2,778 to €60
- Financial fixed assets +€420
up €420 (+100.0%), from €420 to €840
- Profit (loss) carried forward +€4,260
up €4,260 (+1.8%), from -€238,132 to -€233,872
- Trade debts -€3,155
down €3,155 (-30.0%), from €10,515 to €7,361
- Tax, wage and social debts -€2,002
no longer reported in 2025 (was €2,002)
- Other debts +€467
up €467 (+0.2%), from €209,947 to €210,414
- Depreciation -€51,024
down €51,024 (-96.4%), from €52,906 to €1,881
- Other operating charges -€4,505
down €4,505 (-81.8%), from €5,507 to €1,002
- Financial charges -€3,305
down €3,305 (-99.8%), from €3,311 to €6
of which Financial charges: -€3,299
- Gross operating margin +€1,477
up €1,477 (+11.9%), from €12,383 to €13,861
- Taxes -€255
down €255 (-91.8%), from €278 to €23
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 | €34,232 | €33,803 | -€429 | -1.3% |
| Fixed assets | 21/28 | €24,140 | €2,397 | -€21,743 | -90.1% |
| Tangible fixed assets | 22/27 | €23,720 | €1,557 | -€22,163 | -93.4% |
| Plant, machinery and equipment | 23 | €22,319 | €981 | -€21,339 | -95.6% |
| Furniture and vehicles | 24 | €1,112 | €455 | -€658 | -59.1% |
| Other tangible fixed assets | 26 | €289 | €122 | -€167 | -57.8% |
| Financial fixed assets | 28 | €420 | €840 | +€420 | +100.0% |
| Current assets | 29/58 | €10,092 | €31,406 | +€21,314 | +211.2% |
| Amounts receivable within one year | 40/41 | €121 | €14 | -€107 | -88.4% |
| Trade receivables | 40 | €107 | - | -€107 | |
| Other amounts receivable | 41 | €14 | €14 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,193 | €31,332 | +€24,139 | +335.6% |
| Deferred charges and accrued income | 490/1 | €2,778 | €60 | -€2,718 | -97.9% |
| Total equity and liabilities | 10/49 | €34,232 | €33,803 | -€429 | -1.3% |
| Equity | 10/15 | -€188,232 | -€183,972 | +€4,260 | +2.3% |
| Contributions | 10/11 | €49,900 | €49,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,132 | -€233,872 | +€4,260 | +1.8% |
| Amounts payable | 17/49 | €222,464 | €217,775 | -€4,689 | -2.1% |
| Amounts payable within one year | 42/48 | €222,464 | €217,775 | -€4,689 | -2.1% |
| Trade debts | 44 | €10,515 | €7,361 | -€3,155 | -30.0% |
| Suppliers | 440/4 | €10,515 | €7,361 | -€3,155 | -30.0% |
| Taxes, remuneration and social security | 45 | €2,002 | - | -€2,002 | |
| Taxes | 450/3 | €2,002 | - | -€2,002 | |
| Other amounts payable | 47/48 | €209,947 | €210,414 | +€467 | +0.2% |
| Non-recurring operating income | 76A | - | €8,147 | +€8,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,906 | €1,881 | -€51,024 | -96.4% |
| Other operating charges | 640/8 | €5,507 | €1,002 | -€4,505 | -81.8% |
| Non-recurring operating charges | 66A | - | €6,689 | +€6,689 | |
| Gross operating margin | 9900 | €12,383 | €13,861 | +€1,477 | +11.9% |
| Operating profit (loss) | 9901 | -€46,029 | €4,289 | +€50,318 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,311 | €6 | -€3,305 | -99.8% |
| Recurring financial charges | 65 | €3,305 | €6 | -€3,299 | -99.8% |
| Non-recurring financial charges | 66B | €6 | - | -€6 | |
| Profit (loss) for the period before taxes | 9903 | -€49,339 | €4,283 | +€53,622 | |
| Income taxes | 67/77 | €278 | €23 | -€255 | -91.8% |
| Profit (loss) for the period | 9904 | -€49,618 | €4,260 | +€53,878 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,618 | €4,260 | +€53,878 |
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.