ALPHA’S INVESTMENTS: 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’S INVESTMENTS
Largest movements
- Receivables within one year -€1,391
down €1,391 (-67.5%), from €2,062 to €671
of which Other amounts receivable: -€1,003
- Cash +€766
up €766 (+22.3%), from €3,433 to €4,200
mainly Other debts (+€3,582) and Receivables within one year (+€1,391)
- Profit (loss) carried forward -€3,771
down €3,771, from €59 to -€3,711
- Other debts +€3,582
new in 2025: €3,582
- Tax, wage and social debts -€436
no longer reported in 2025 (was €436)
- Staff costs +€5,760
new in 2025: €5,760
- Gross operating margin +€949
up €949 (+49.8%), from €1,908 to €2,857
- Financial charges -€520
down €520 (-60.9%), from €854 to €334
- Other operating charges -€356
down €356 (-40.0%), from €890 to €534
- Taxes -€140
no longer reported in 2025 (was €140)
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 | €5,495 | €4,870 | -€625 | -11.4% |
| Current assets | 29/58 | €5,495 | €4,870 | -€625 | -11.4% |
| Amounts receivable within one year | 40/41 | €2,062 | €671 | -€1,391 | -67.5% |
| Trade receivables | 40 | €732 | €344 | -€388 | -53.0% |
| Other amounts receivable | 41 | €1,330 | €326 | -€1,003 | -75.4% |
| Cash at bank and in hand | 54/58 | €3,433 | €4,200 | +€766 | +22.3% |
| Total equity and liabilities | 10/49 | €5,495 | €4,870 | -€625 | -11.4% |
| Equity | 10/15 | €5,059 | €1,289 | -€3,771 | -74.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59 | -€3,711 | -€3,771 | |
| Amounts payable | 17/49 | €436 | €3,582 | +€3,146 | +722% |
| Amounts payable within one year | 42/48 | €436 | €3,582 | +€3,146 | +722% |
| Taxes, remuneration and social security | 45 | €436 | - | -€436 | |
| Taxes | 450/3 | €436 | - | -€436 | |
| Other amounts payable | 47/48 | - | €3,582 | +€3,582 | |
| Remuneration, social security and pensions | 62 | - | €5,760 | +€5,760 | |
| Other operating charges | 640/8 | €890 | €534 | -€356 | -40.0% |
| Gross operating margin | 9900 | €1,908 | €2,857 | +€949 | +49.8% |
| Operating profit (loss) | 9901 | €1,018 | -€3,437 | -€4,455 | |
| Financial income | 75/76B | €35 | - | -€35 | |
| Recurring financial income | 75 | €35 | - | -€35 | |
| Financial charges | 65/66B | €854 | €334 | -€520 | -60.9% |
| Recurring financial charges | 65 | €854 | €334 | -€520 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €199 | -€3,771 | -€3,970 | |
| Income taxes | 67/77 | €140 | - | -€140 | |
| Profit (loss) for the period | 9904 | €59 | -€3,771 | -€3,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €59 | -€3,771 | -€3,830 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.