ALPHA RECOVERY: 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 RECOVERY
Largest movements
- Tangible fixed assets +€11,776
up €11,776 (+111%), from €10,634 to €22,410
of which Furniture and vehicles: +€10,627
- Receivables within one year -€4,740
down €4,740 (-15.1%), from €31,383 to €26,643
of which Trade receivables: -€2,751
- Cash +€1,608
up €1,608 (+13,747%), from €12 to €1,620
mainly Other debts (+€36,395) and Depreciation (+€5,525)
- Deferred charges and accrued income +€1,100
new in 2025: €1,100
- Other debts +€36,395
up €36,395 (+2,674%), from €1,361 to €37,756
- Trade debts -€18,165
down €18,165 (-67.8%), from €26,780 to €8,615
- Profit (loss) carried forward -€7,715
down €7,715, from €3,779 to -€3,936
- Tax, wage and social debts -€771
down €771 (-70.8%), from €1,089 to €318
- Gross operating margin -€6,532
down €6,532 (-90.1%), from €7,250 to €718
- Depreciation +€4,459
up €4,459 (+418%), from €1,066 to €5,525
- Other operating charges +€1,910
up €1,910 (+479%), from €399 to €2,310
- Taxes -€1,089
no longer reported in 2025 (was €1,089)
- Staff costs -€217
down €217 (-32.5%), from €668 to €451
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 | €46,009 | €55,753 | +€9,744 | +21.2% |
| Fixed assets | 21/28 | €10,634 | €22,410 | +€11,776 | +111% |
| Tangible fixed assets | 22/27 | €10,634 | €22,410 | +€11,776 | +111% |
| Plant, machinery and equipment | 23 | - | €1,149 | +€1,149 | |
| Furniture and vehicles | 24 | €10,634 | €21,261 | +€10,627 | +99.9% |
| Current assets | 29/58 | €35,375 | €33,343 | -€2,032 | -5.7% |
| Stocks and contracts in progress | 3 | €3,980 | €3,980 | = | 0.0% |
| Stocks | 30/36 | €3,980 | €3,980 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,383 | €26,643 | -€4,740 | -15.1% |
| Trade receivables | 40 | €27,393 | €24,643 | -€2,751 | -10.0% |
| Other amounts receivable | 41 | €3,990 | €2,000 | -€1,990 | -49.9% |
| Cash at bank and in hand | 54/58 | €12 | €1,620 | +€1,608 | +13,747% |
| Deferred charges and accrued income | 490/1 | - | €1,100 | +€1,100 | |
| Total equity and liabilities | 10/49 | €46,009 | €55,753 | +€9,744 | +21.2% |
| Equity | 10/15 | €16,779 | €9,064 | -€7,715 | -46.0% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,779 | -€3,936 | -€7,715 | |
| Amounts payable | 17/49 | €29,230 | €46,689 | +€17,459 | +59.7% |
| Amounts payable within one year | 42/48 | €29,230 | €46,689 | +€17,459 | +59.7% |
| Trade debts | 44 | €26,780 | €8,615 | -€18,165 | -67.8% |
| Suppliers | 440/4 | €26,780 | €8,615 | -€18,165 | -67.8% |
| Taxes, remuneration and social security | 45 | €1,089 | €318 | -€771 | -70.8% |
| Taxes | 450/3 | €1,089 | €318 | -€771 | -70.8% |
| Other amounts payable | 47/48 | €1,361 | €37,756 | +€36,395 | +2,674% |
| Remuneration, social security and pensions | 62 | €668 | €451 | -€217 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,066 | €5,525 | +€4,459 | +418% |
| Other operating charges | 640/8 | €399 | €2,310 | +€1,910 | +479% |
| Gross operating margin | 9900 | €7,250 | €718 | -€6,532 | -90.1% |
| Operating profit (loss) | 9901 | €5,117 | -€7,567 | -€12,684 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €249 | €157 | -€92 | -36.9% |
| Recurring financial charges | 65 | €249 | €157 | -€92 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €4,868 | -€7,715 | -€12,583 | |
| Income taxes | 67/77 | €1,089 | - | -€1,089 | |
| Profit (loss) for the period | 9904 | €3,779 | -€7,715 | -€11,494 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,779 | -€7,715 | -€11,494 |
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 24 October 2026 via checked.be.