ALPHA TRADING: 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 TRADING
Largest movements
- Tangible fixed assets -€7,224
down €7,224 (-6.6%), from €109,964 to €102,740
- Cash +€4,251
up €4,251 (+24.4%), from €17,419 to €21,670
mainly Depreciation (+€7,224) and Trade debts (+€1,179)
- Reserves -€3,196
down €3,196 (-2.7%), from €117,817 to €114,621
- Gross operating margin -€3,262
down €3,262 (-29.7%), from €10,991 to €7,728
- Taxes -€328
down €328 (-65.0%), from €505 to €177
- Financial charges +€316
up €316 (+25.0%), from €1,266 to €1,582
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 | €139,966 | €138,234 | -€1,732 | -1.2% |
| Fixed assets | 21/28 | €109,964 | €102,740 | -€7,224 | -6.6% |
| Tangible fixed assets | 22/27 | €109,964 | €102,740 | -€7,224 | -6.6% |
| Land and buildings | 22 | €109,964 | €102,740 | -€7,224 | -6.6% |
| Current assets | 29/58 | €30,002 | €35,495 | +€5,493 | +18.3% |
| Amounts receivable within one year | 40/41 | €11,795 | €12,992 | +€1,197 | +10.1% |
| Other amounts receivable | 41 | €11,795 | €12,992 | +€1,197 | +10.1% |
| Cash at bank and in hand | 54/58 | €17,419 | €21,670 | +€4,251 | +24.4% |
| Deferred charges and accrued income | 490/1 | €788 | €833 | +€45 | +5.7% |
| Total equity and liabilities | 10/49 | €139,966 | €138,234 | -€1,732 | -1.2% |
| Equity | 10/15 | €136,409 | €133,213 | -€3,196 | -2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €117,817 | €114,621 | -€3,196 | -2.7% |
| Distributable reserves | 133 | €117,817 | €114,621 | -€3,196 | -2.7% |
| Amounts payable | 17/49 | €3,558 | €5,021 | +€1,464 | +41.1% |
| Amounts payable within one year | 42/48 | €3,558 | €5,021 | +€1,464 | +41.1% |
| Trade debts | 44 | €268 | €1,447 | +€1,179 | +439.2% |
| Suppliers | 440/4 | €268 | €1,447 | +€1,179 | +439.2% |
| Taxes, remuneration and social security | 45 | €3,289 | €3,574 | +€285 | +8.7% |
| Taxes | 450/3 | €3,289 | €3,574 | +€285 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,224 | €7,224 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,494 | €2,572 | +€78 | +3.1% |
| Gross operating margin | 9900 | €10,991 | €7,728 | -€3,262 | -29.7% |
| Operating profit (loss) | 9901 | €1,273 | -€2,068 | -€3,341 | |
| Financial income | 75/76B | €685 | €631 | -€54 | -7.8% |
| Recurring financial income | 75 | €685 | €631 | -€54 | -7.8% |
| Financial charges | 65/66B | €1,266 | €1,582 | +€316 | +25.0% |
| Recurring financial charges | 65 | €1,266 | €1,582 | +€316 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €692 | -€3,019 | -€3,711 | |
| Income taxes | 67/77 | €505 | €177 | -€328 | -65.0% |
| Profit (loss) for the period | 9904 | €187 | -€3,196 | -€3,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €187 | -€3,196 | -€3,383 |
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 3 October 2026 via checked.be.