ALPHA STOCKAGE: 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 STOCKAGE
Largest movements
- Receivables within one year -€6,458
down €6,458 (-74.9%), from €8,616 to €2,159
- Tangible fixed assets -€5,321
down €5,321 (-3.3%), from €159,373 to €154,052
- Current portion of long-term debt -€10,469
no longer reported in 2025 (was €10,469)
- Profit (loss) carried forward -€9,784
down €9,784 (-73.3%), from €13,353 to €3,569
- Trade debts +€7,514
up €7,514 (+1028.4%), from €731 to €8,245
- Gross operating margin -€5,820
down €5,820 (-24.8%), from €23,430 to €17,610
- Other operating charges +€1,409
up €1,409 (+41.3%), from €3,410 to €4,819
- Financial charges -€362
down €362 (-32.5%), from €1,115 to €753
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 | €171,500 | €158,852 | -€12,648 | -7.4% |
| Fixed assets | 21/28 | €159,773 | €154,452 | -€5,321 | -3.3% |
| Tangible fixed assets | 22/27 | €159,373 | €154,052 | -€5,321 | -3.3% |
| Land and buildings | 22 | €159,373 | €154,052 | -€5,321 | -3.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €11,727 | €4,400 | -€7,327 | -62.5% |
| Amounts receivable within one year | 40/41 | €8,616 | €2,159 | -€6,458 | -74.9% |
| Other amounts receivable | 41 | €8,616 | €2,159 | -€6,458 | -74.9% |
| Cash at bank and in hand | 54/58 | €3,111 | €2,241 | -€869 | -27.9% |
| Total equity and liabilities | 10/49 | €171,500 | €158,852 | -€12,648 | -7.4% |
| Equity | 10/15 | €32,756 | €22,972 | -€9,784 | -29.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €812 | €812 | = | 0.0% |
| Non-distributable reserves | 130/1 | €812 | €812 | = | 0.0% |
| Reserves not available under the articles | 1311 | €812 | €812 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,353 | €3,569 | -€9,784 | -73.3% |
| Amounts payable | 17/49 | €138,743 | €135,880 | -€2,864 | -2.1% |
| Amounts payable within one year | 42/48 | €138,743 | €135,880 | -€2,864 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €10,469 | - | -€10,469 | |
| Trade debts | 44 | €731 | €8,245 | +€7,514 | +1028.4% |
| Suppliers | 440/4 | €731 | €8,245 | +€7,514 | +1028.4% |
| Other amounts payable | 47/48 | €127,544 | €127,635 | +€92 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,321 | €5,321 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,410 | €4,819 | +€1,409 | +41.3% |
| Non-recurring operating charges | 66A | - | €16,501 | +€16,501 | |
| Gross operating margin | 9900 | €23,430 | €17,610 | -€5,820 | -24.8% |
| Operating profit (loss) | 9901 | €14,700 | -€9,031 | -€23,731 | |
| Financial charges | 65/66B | €1,115 | €753 | -€362 | -32.5% |
| Recurring financial charges | 65 | €1,115 | €753 | -€362 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €13,584 | -€9,784 | -€23,368 | |
| Profit (loss) for the period | 9904 | €13,584 | -€9,784 | -€23,368 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,584 | -€9,784 | -€23,368 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.