ALPHA SF: what changed
Two fiscal 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 SF
Largest movements
- Tangible fixed assets -€25,697
down €25,697 (-19.5%), from €131,605 to €105,908
of which Furniture and vehicles: -€13,498
- Deferred charges and accrued income +€7,727
up €7,727 (+2265.7%), from €341 to €8,068
- Cash +€2,127
up €2,127 (+36.8%), from €5,783 to €7,910
mainly Depreciation (+€25,697) and Trade debts (+€2,297)
- Profit (loss) carried forward -€18,139
down €18,139 (-12.2%), from €148,462 to €130,324
- Trade debts +€2,297
up €2,297 (+116.6%), from €1,970 to €4,266
- Other operating charges +€13,802
up €13,802 (+802.2%), from €1,720 to €15,522
- Gross operating margin -€6,290
down €6,290 (-21.0%), from €29,896 to €23,606
- Depreciation -€686
down €686 (-2.6%), from €26,382 to €25,697
- Taxes +€489
new in 2025: €489
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 | €164,638 | €148,796 | -€15,842 | -9.6% |
| Fixed assets | 21/28 | €131,605 | €105,908 | -€25,697 | -19.5% |
| Tangible fixed assets | 22/27 | €131,605 | €105,908 | -€25,697 | -19.5% |
| Land and buildings | 22 | €64,115 | €51,916 | -€12,199 | -19.0% |
| Furniture and vehicles | 24 | €67,490 | €53,992 | -€13,498 | -20.0% |
| Current assets | 29/58 | €33,033 | €42,888 | +€9,855 | +29.8% |
| Amounts receivable within one year | 40/41 | €26,910 | €26,910 | = | 0.0% |
| Other amounts receivable | 41 | €26,910 | €26,910 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,783 | €7,910 | +€2,127 | +36.8% |
| Deferred charges and accrued income | 490/1 | €341 | €8,068 | +€7,727 | +2265.7% |
| Total equity and liabilities | 10/49 | €164,638 | €148,796 | -€15,842 | -9.6% |
| Equity | 10/15 | €160,312 | €142,174 | -€18,139 | -11.3% |
| Contributions | 10/11 | €11,850 | €11,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,462 | €130,324 | -€18,139 | -12.2% |
| Amounts payable | 17/49 | €4,326 | €6,623 | +€2,297 | +53.1% |
| Amounts payable within one year | 42/48 | €4,326 | €6,623 | +€2,297 | +53.1% |
| Trade debts | 44 | €1,970 | €4,266 | +€2,297 | +116.6% |
| Suppliers | 440/4 | €1,970 | €4,266 | +€2,297 | +116.6% |
| Taxes, remuneration and social security | 45 | €2,356 | €2,356 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,356 | €2,356 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,382 | €25,697 | -€686 | -2.6% |
| Other operating charges | 640/8 | €1,720 | €15,522 | +€13,802 | +802.2% |
| Gross operating margin | 9900 | €29,896 | €23,606 | -€6,290 | -21.0% |
| Operating profit (loss) | 9901 | €1,793 | -€17,613 | -€19,406 | |
| Financial charges | 65/66B | - | €37 | +€37 | |
| Recurring financial charges | 65 | - | €37 | +€37 | |
| Profit (loss) for the period before taxes | 9903 | €1,793 | -€17,650 | -€19,443 | |
| Income taxes | 67/77 | - | €489 | +€489 | |
| Profit (loss) for the period | 9904 | €1,793 | -€18,139 | -€19,932 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,793 | -€18,139 | -€19,932 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.