ALPHA PRIME: 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 PRIME
Largest movements
- Receivables within one year +€266,910
up €266,910 (+8.8%), from €3.0m to €3.3m
of which Trade receivables: +€222,658
- Deferred charges and accrued income -€78,475
no longer reported in 2025 (was €78,475)
- Trade debts +€307,211
up €307,211 (+89.3%), from €344,074 to €651,285
- Reserves -€122,469
down €122,469 (-4.2%), from €2.9m to €2.8m
of which Distributable reserves: -€122,469
- Financial charges +€105,304
up €105,304 (+101%), from €103,942 to €209,246
of which Financial charges: +€126,737
- Gross operating margin -€74,084
down €74,084 (-14.2%), from €521,775 to €447,691
- Taxes -€32,037
down €32,037 (-94.5%), from €33,898 to €1,862
- Staff costs +€24,045
up €24,045 (+6.1%), from €396,609 to €420,655
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 | €3,432,770 | €3,612,775 | +€180,006 | +5.2% |
| Fixed assets | 21/28 | €67,780 | €46,090 | -€21,689 | -32.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €67,780 | €46,090 | -€21,689 | -32.0% |
| Furniture and vehicles | 24 | €66,473 | €46,090 | -€20,382 | -30.7% |
| Other tangible fixed assets | 26 | €1,307 | €0 | -€1,307 | -100% |
| Current assets | 29/58 | €3,364,990 | €3,566,685 | +€201,695 | +6.0% |
| Amounts receivable within one year | 40/41 | €3,020,634 | €3,287,544 | +€266,910 | +8.8% |
| Trade receivables | 40 | €2,956,569 | €3,179,226 | +€222,658 | +7.5% |
| Other amounts receivable | 41 | €64,066 | €108,318 | +€44,252 | +69.1% |
| Cash at bank and in hand | 54/58 | €265,880 | €279,141 | +€13,261 | +5.0% |
| Deferred charges and accrued income | 490/1 | €78,475 | - | -€78,475 | |
| Total equity and liabilities | 10/49 | €3,432,770 | €3,612,775 | +€180,006 | +5.2% |
| Equity | 10/15 | €3,001,805 | €2,879,336 | -€122,469 | -4.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,939,805 | €2,817,336 | -€122,469 | -4.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,933,605 | €2,811,136 | -€122,469 | -4.2% |
| Amounts payable | 17/49 | €430,965 | €733,440 | +€302,475 | +70.2% |
| Amounts payable within one year | 42/48 | €427,863 | €709,511 | +€281,648 | +65.8% |
| Trade debts | 44 | €344,074 | €651,285 | +€307,211 | +89.3% |
| Suppliers | 440/4 | €344,074 | €651,285 | +€307,211 | +89.3% |
| Taxes, remuneration and social security | 45 | €83,790 | €58,226 | -€25,564 | -30.5% |
| Taxes | 450/3 | €32,983 | €4,175 | -€28,808 | -87.3% |
| Remuneration and social security | 454/9 | €50,807 | €54,052 | +€3,245 | +6.4% |
| Accrued charges and deferred income | 492/3 | €3,101 | €23,928 | +€20,827 | +672% |
| Remuneration, social security and pensions | 62 | €396,609 | €420,655 | +€24,045 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,521 | €21,689 | -€4,832 | -18.2% |
| Other operating charges | 640/8 | €3,450 | €2,917 | -€533 | -15.4% |
| Gross operating margin | 9900 | €521,775 | €447,691 | -€74,084 | -14.2% |
| Operating profit (loss) | 9901 | €95,194 | €2,429 | -€92,765 | -97.4% |
| Financial income | 75/76B | €91,003 | €86,209 | -€4,793 | -5.3% |
| Recurring financial income | 75 | €91,003 | €86,209 | -€4,793 | -5.3% |
| Financial charges | 65/66B | €103,942 | €209,246 | +€105,304 | +101% |
| Recurring financial charges | 65 | €82,509 | €209,246 | +€126,737 | +154% |
| Non-recurring financial charges | 66B | €21,433 | - | -€21,433 | |
| Profit (loss) for the period before taxes | 9903 | €82,255 | -€120,607 | -€202,862 | |
| Income taxes | 67/77 | €33,898 | €1,862 | -€32,037 | -94.5% |
| Profit (loss) for the period | 9904 | €48,356 | -€122,469 | -€170,825 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,356 | -€122,469 | -€170,825 |
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 22 October 2026 via checked.be.