ALPHA TECHNOLOGY: 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.
What changed
ALPHA TECHNOLOGY
NACE 47.400, Retail sale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€169,503
2024 · €140,869+€28,633
Equity
€1.1m
2024 · €947,789+€119,503
Cash
€299,125
2024 · €316,802-€17,677
Balance sheet total
€2.8m
2024 · €2.6m+€207,083
Largest movements
Assets
- Tangible fixed assets +€200,543
up €200,543 (+11.5%), from €1.7m to €1.9m
of which Land and buildings: +€252,439
- Stocks and contracts +€55,655
up €55,655 (+13.5%), from €412,956 to €468,611
- Receivables within one year -€35,673
down €35,673 (-24.3%), from €146,806 to €111,134
of which Trade receivables: -€38,143
Equity and liabilities
- Debts after one year +€145,389
up €145,389 (+11.2%), from €1.3m to €1.4m
- Reserves +€100,000
up €100,000 (+24.9%), from €401,855 to €501,855
of which Distributable reserves: +€100,000
- Trade debts -€58,536
down €58,536 (-51.9%), from €112,704 to €54,168
Income statement
- Gross operating margin +€68,119
up €68,119 (+10.2%), from €665,105 to €733,224
- Other operating charges +€48,739
up €48,739 (+185.5%), from €26,273 to €75,012
- Taxes -€26,314
down €26,314 (-36.6%), from €71,915 to €45,601
- Staff costs +€23,579
up €23,579 (+9.0%), from €263,322 to €286,901
- Depreciation -€7,340
down €7,340 (-5.4%), from €135,964 to €128,624
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.
Result 2024
€140,869
Gross operating margin
+€68,119
Staff costs
-€23,579
Depreciation
+€7,340
Provisions
-€1,732
Other operating charges
-€48,739
Financial income
+€3,006
Financial charges
-€2,095
Taxes
+€26,314
Result 2025
€169,503
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.
From operations
+€212,529
Investment
-€329,167
Financing
+€98,961
Cash 2024
€316,802
From operations (derived)
+€212,529
Net result for the year
+€169,503
Depreciation
+€128,624
Stocks and contracts
-€55,655
Receivables within one year
+€35,673
Deferred charges and accrued income
-€4,235
Provisions
+€4,987
Trade debts
-€58,536
Tax, wage and social debts
-€7,894
Smaller working-capital items
+€61
Investment (derived)
-€329,167
Investment in fixed assets (net)
-€329,167
Financing
+€98,961
Debts after one year
+€145,389
Current portion of long-term debt
+€2,181
Short-term financial debts
+€1,391
Contributions, distributions and other
-€50,000
Cash 2025
€299,125
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,626,150 | €2,833,233 | +€207,083 | +7.9% |
| Fixed assets | 21/28 | €1,747,748 | €1,948,291 | +€200,543 | +11.5% |
| Tangible fixed assets | 22/27 | €1,747,748 | €1,948,291 | +€200,543 | +11.5% |
| Land and buildings | 22 | €1,494,114 | €1,746,553 | +€252,439 | +16.9% |
| Plant, machinery and equipment | 23 | €997 | €3,331 | +€2,334 | +234.1% |
| Furniture and vehicles | 24 | €247,138 | €153,864 | -€93,273 | -37.7% |
| Assets under construction and advance payments | 27 | €5,500 | €44,544 | +€39,044 | +709.9% |
| Current assets | 29/58 | €878,402 | €884,942 | +€6,540 | +0.7% |
| Stocks and contracts in progress | 3 | €412,956 | €468,611 | +€55,655 | +13.5% |
| Stocks | 30/36 | €412,956 | €468,611 | +€55,655 | +13.5% |
| Amounts receivable within one year | 40/41 | €146,806 | €111,134 | -€35,673 | -24.3% |
| Trade receivables | 40 | €123,886 | €85,744 | -€38,143 | -30.8% |
| Other amounts receivable | 41 | €22,920 | €25,390 | +€2,470 | +10.8% |
| Cash at bank and in hand | 54/58 | €316,802 | €299,125 | -€17,677 | -5.6% |
| Deferred charges and accrued income | 490/1 | €1,837 | €6,072 | +€4,235 | +230.6% |
| Total equity and liabilities | 10/49 | €2,626,150 | €2,833,233 | +€207,083 | +7.9% |
| Equity | 10/15 | €947,789 | €1,067,292 | +€119,503 | +12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €401,855 | €501,855 | +€100,000 | +24.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Profit (loss) carried forward | 14 | €539,734 | €559,237 | +€19,503 | +3.6% |
| Provisions and deferred taxes | 16 | €51,518 | €56,505 | +€4,987 | +9.7% |
| Provisions for liabilities and charges | 160/5 | €51,518 | €56,505 | +€4,987 | +9.7% |
| Other liabilities and charges | 164/5 | €51,518 | €56,505 | +€4,987 | +9.7% |
| Amounts payable | 17/49 | €1,626,843 | €1,709,436 | +€82,593 | +5.1% |
| Amounts payable after more than one year | 17 | €1,298,329 | €1,443,719 | +€145,389 | +11.2% |
| Financial debts | 170/4 | €1,298,329 | €1,443,719 | +€145,389 | +11.2% |
| Amounts payable within one year | 42/48 | €327,776 | €265,129 | -€62,648 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €137,464 | €139,645 | +€2,181 | +1.6% |
| Financial debts | 43 | - | €1,391 | +€1,391 | |
| Credit institutions | 430/8 | - | €1,391 | +€1,391 | |
| Trade debts | 44 | €112,704 | €54,168 | -€58,536 | -51.9% |
| Suppliers | 440/4 | €112,704 | €54,168 | -€58,536 | -51.9% |
| Taxes, remuneration and social security | 45 | €69,317 | €61,423 | -€7,894 | -11.4% |
| Taxes | 450/3 | €32,300 | €21,229 | -€11,071 | -34.3% |
| Remuneration and social security | 454/9 | €37,017 | €40,194 | +€3,177 | +8.6% |
| Other amounts payable | 47/48 | €8,291 | €8,501 | +€210 | +2.5% |
| Accrued charges and deferred income | 492/3 | €738 | €589 | -€148 | -20.1% |
| Remuneration, social security and pensions | 62 | €263,322 | €286,901 | +€23,579 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,964 | €128,624 | -€7,340 | -5.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,255 | €4,987 | +€1,732 | +53.2% |
| Other operating charges | 640/8 | €26,273 | €75,012 | +€48,739 | +185.5% |
| Gross operating margin | 9900 | €665,105 | €733,224 | +€68,119 | +10.2% |
| Operating profit (loss) | 9901 | €236,291 | €237,700 | +€1,409 | +0.6% |
| Financial income | 75/76B | €4,230 | €7,236 | +€3,006 | +71.1% |
| Recurring financial income | 75 | €4,230 | €7,236 | +€3,006 | +71.1% |
| Financial charges | 65/66B | €27,737 | €29,832 | +€2,095 | +7.6% |
| Recurring financial charges | 65 | €27,737 | €29,832 | +€2,095 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €212,784 | €215,103 | +€2,319 | +1.1% |
| Income taxes | 67/77 | €71,915 | €45,601 | -€26,314 | -36.6% |
| Profit (loss) for the period | 9904 | €140,869 | €169,503 | +€28,633 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €140,869 | €169,503 | +€28,633 | +20.3% |
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 29 September 2026 via checked.be.