ALPHA STYLE: 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 STYLE
Largest movements
- Receivables within one year +€28,318
up €28,318 (+1427.6%), from €1,984 to €30,301
- Tangible fixed assets -€13,511
down €13,511 (-17.7%), from €76,428 to €62,916
- Stocks and contracts +€4,097
up €4,097 (+49.9%), from €8,203 to €12,300
- Deferred charges and accrued income -€3,960
down €3,960 (-83.1%), from €4,765 to €805
- Cash -€2,930
down €2,930 (-34.9%), from €8,404 to €5,474
mainly Contributions, distributions and other (-€74,517) and Receivables within one year (-€28,318)
- Profit (loss) carried forward -€74,517
down €74,517 (-100.0%), from €74,517 to €0
- Other debts +€69,517
up €69,517 (+1390.3%), from €5,000 to €74,517
- Reserves +€28,685
new in 2025: €28,685
- Current portion of long-term debt -€15,284
down €15,284 (-49.4%), from €30,924 to €15,639
- Tax, wage and social debts +€7,561
up €7,561 (+124.6%), from €6,068 to €13,629
of which Taxes: +€8,044
- Taxes +€12,121
up €12,121 (+484.8%), from €2,500 to €14,621
- Staff costs +€6,603
up €6,603 (+12.5%), from €52,985 to €59,588
- Depreciation -€4,376
down €4,376 (-20.2%), from €21,660 to €17,284
- Gross operating margin +€3,430
up €3,430 (+3.0%), from €114,228 to €117,659
- Financial income +€3,309
up €3,309 (+154.1%), from €2,148 to €5,457
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 | €174,673 | €185,997 | +€11,324 | +6.5% |
| Fixed assets | 21/28 | €77,316 | €63,116 | -€14,200 | -18.4% |
| Intangible fixed assets | 21 | €689 | €0 | -€689 | -100.0% |
| Tangible fixed assets | 22/27 | €76,428 | €62,916 | -€13,511 | -17.7% |
| Plant, machinery and equipment | 23 | €76,428 | €62,916 | -€13,511 | -17.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €97,356 | €122,880 | +€25,524 | +26.2% |
| Amounts receivable after more than one year | 29 | €74,000 | €74,000 | = | 0.0% |
| Other amounts receivable | 291 | €74,000 | €74,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €8,203 | €12,300 | +€4,097 | +49.9% |
| Stocks | 30/36 | €8,203 | €12,300 | +€4,097 | +49.9% |
| Amounts receivable within one year | 40/41 | €1,984 | €30,301 | +€28,318 | +1427.6% |
| Other amounts receivable | 41 | €1,984 | €30,301 | +€28,318 | +1427.6% |
| Cash at bank and in hand | 54/58 | €8,404 | €5,474 | -€2,930 | -34.9% |
| Deferred charges and accrued income | 490/1 | €4,765 | €805 | -€3,960 | -83.1% |
| Total equity and liabilities | 10/49 | €174,673 | €185,997 | +€11,324 | +6.5% |
| Equity | 10/15 | €77,517 | €31,685 | -€45,832 | -59.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €28,685 | +€28,685 | |
| Distributable reserves | 133 | - | €28,685 | +€28,685 | |
| Profit (loss) carried forward | 14 | €74,517 | €0 | -€74,517 | -100.0% |
| Amounts payable | 17/49 | €97,156 | €154,312 | +€57,157 | +58.8% |
| Amounts payable after more than one year | 17 | €42,035 | €41,924 | -€111 | -0.3% |
| Financial debts | 170/4 | €42,035 | €41,924 | -€111 | -0.3% |
| Amounts payable within one year | 42/48 | €55,040 | €112,388 | +€57,349 | +104.2% |
| Current portion of amounts payable after more than one year | 42 | €30,924 | €15,639 | -€15,284 | -49.4% |
| Financial debts | 43 | €8,601 | €3,965 | -€4,636 | -53.9% |
| Credit institutions | 430/8 | €8,601 | €3,965 | -€4,636 | -53.9% |
| Trade debts | 44 | €4,448 | €4,638 | +€191 | +4.3% |
| Suppliers | 440/4 | €4,448 | €4,638 | +€191 | +4.3% |
| Taxes, remuneration and social security | 45 | €6,068 | €13,629 | +€7,561 | +124.6% |
| Taxes | 450/3 | €2,886 | €10,930 | +€8,044 | +278.7% |
| Remuneration and social security | 454/9 | €3,182 | €2,699 | -€483 | -15.2% |
| Other amounts payable | 47/48 | €5,000 | €74,517 | +€69,517 | +1390.3% |
| Accrued charges and deferred income | 492/3 | €81 | €0 | -€81 | -100.0% |
| Remuneration, social security and pensions | 62 | €52,985 | €59,588 | +€6,603 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,660 | €17,284 | -€4,376 | -20.2% |
| Other operating charges | 640/8 | €729 | €463 | -€266 | -36.5% |
| Gross operating margin | 9900 | €114,228 | €117,659 | +€3,430 | +3.0% |
| Operating profit (loss) | 9901 | €38,854 | €40,323 | +€1,468 | +3.8% |
| Financial income | 75/76B | €2,148 | €5,457 | +€3,309 | +154.1% |
| Recurring financial income | 75 | €2,148 | €5,457 | +€3,309 | +154.1% |
| Financial charges | 65/66B | €3,227 | €2,474 | -€753 | -23.3% |
| Recurring financial charges | 65 | €3,227 | €2,474 | -€753 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €37,775 | €43,306 | +€5,531 | +14.6% |
| Income taxes | 67/77 | €2,500 | €14,621 | +€12,121 | +484.8% |
| Profit (loss) for the period | 9904 | €35,275 | €28,685 | -€6,590 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,275 | €28,685 | -€6,590 | -18.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.