ALPHA TECHNICS: 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 TECHNICS
Largest movements
- Receivables within one year +€294,624
up €294,624 (+42.3%), from €696,384 to €991,008
of which Trade receivables: +€365,678
- Stocks and contracts -€174,980
down €174,980 (-19.1%), from €917,530 to €742,550
- Receivables after one year -€130,000
down €130,000 (-68.4%), from €190,000 to €60,000
- Tangible fixed assets -€123,340
down €123,340 (-39.0%), from €316,412 to €193,072
of which Land and buildings: -€123,000
- Cash -€46,543
down €46,543 (-97.8%), from €47,575 to €1,032
mainly Receivables within one year (-€294,624) and Trade debts (-€194,210)
- Trade debts -€194,210
down €194,210 (-14.4%), from €1.3m to €1.2m
- Financial charges +€130,346
up €130,346 (+2693.1%), from €4,840 to €135,186
of which Non-recurring financial charges: +€130,000
- Gross operating margin -€105,223
down €105,223 (-38.5%), from €273,116 to €167,892
- Taxes -€61,109
down €61,109 (-86.8%), from €70,424 to €9,315
- Depreciation -€4,907
down €4,907 (-31.7%), from €15,497 to €10,590
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 | €2,170,201 | €1,989,962 | -€180,239 | -8.3% |
| Fixed assets | 21/28 | €318,712 | €195,372 | -€123,340 | -38.7% |
| Tangible fixed assets | 22/27 | €316,412 | €193,072 | -€123,340 | -39.0% |
| Land and buildings | 22 | €315,188 | €192,188 | -€123,000 | -39.0% |
| Plant, machinery and equipment | 23 | €1,129 | €884 | -€245 | -21.7% |
| Furniture and vehicles | 24 | €96 | €0 | -€96 | -100.0% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €1,851,489 | €1,794,590 | -€56,899 | -3.1% |
| Amounts receivable after more than one year | 29 | €190,000 | €60,000 | -€130,000 | -68.4% |
| Other amounts receivable | 291 | €190,000 | €60,000 | -€130,000 | -68.4% |
| Stocks and contracts in progress | 3 | €917,530 | €742,550 | -€174,980 | -19.1% |
| Stocks | 30/36 | €917,530 | €742,550 | -€174,980 | -19.1% |
| Amounts receivable within one year | 40/41 | €696,384 | €991,008 | +€294,624 | +42.3% |
| Trade receivables | 40 | €243,456 | €609,134 | +€365,678 | +150.2% |
| Other amounts receivable | 41 | €452,928 | €381,874 | -€71,054 | -15.7% |
| Cash at bank and in hand | 54/58 | €47,575 | €1,032 | -€46,543 | -97.8% |
| Total equity and liabilities | 10/49 | €2,170,201 | €1,989,962 | -€180,239 | -8.3% |
| Equity | 10/15 | €641,926 | €653,454 | +€11,528 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €621,466 | €632,994 | +€11,528 | +1.9% |
| Amounts payable | 17/49 | €1,528,275 | €1,336,508 | -€191,767 | -12.5% |
| Amounts payable within one year | 42/48 | €1,528,275 | €1,336,508 | -€191,767 | -12.5% |
| Financial debts | 43 | €44,000 | €44,974 | +€974 | +2.2% |
| Credit institutions | 430/8 | €44,000 | €44,974 | +€974 | +2.2% |
| Trade debts | 44 | €1,348,412 | €1,154,202 | -€194,210 | -14.4% |
| Suppliers | 440/4 | €1,348,412 | €1,154,202 | -€194,210 | -14.4% |
| Taxes, remuneration and social security | 45 | €117,159 | €111,614 | -€5,545 | -4.7% |
| Taxes | 450/3 | €70,424 | €79,740 | +€9,315 | +13.2% |
| Remuneration and social security | 454/9 | €46,734 | €31,874 | -€14,860 | -31.8% |
| Other amounts payable | 47/48 | €18,705 | €25,718 | +€7,013 | +37.5% |
| Remuneration, social security and pensions | 62 | €885 | - | -€885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,497 | €10,590 | -€4,907 | -31.7% |
| Other operating charges | 640/8 | €3,473 | €1,308 | -€2,165 | -62.3% |
| Gross operating margin | 9900 | €273,116 | €167,892 | -€105,223 | -38.5% |
| Operating profit (loss) | 9901 | €253,261 | €155,994 | -€97,266 | -38.4% |
| Financial income | 75/76B | €0 | €35 | +€35 | +353000.0% |
| Recurring financial income | 75 | €0 | €35 | +€35 | +353000.0% |
| Financial charges | 65/66B | €4,840 | €135,186 | +€130,346 | +2693.1% |
| Recurring financial charges | 65 | €4,840 | €5,186 | +€346 | +7.2% |
| Non-recurring financial charges | 66B | - | €130,000 | +€130,000 | |
| Profit (loss) for the period before taxes | 9903 | €248,421 | €20,843 | -€227,577 | -91.6% |
| Income taxes | 67/77 | €70,424 | €9,315 | -€61,109 | -86.8% |
| Profit (loss) for the period | 9904 | €177,996 | €11,528 | -€166,468 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €177,996 | €11,528 | -€166,468 | -93.5% |
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 10 October 2026 via checked.be.