Alpha Transport & Logistics: 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 Transport & Logistics
Largest movements
- Receivables within one year +€858,124
up €858,124 (+543%), from €157,890 to €1.0m
of which Trade receivables: +€852,200
- Cash +€85,235
up €85,235 (+109%), from €78,440 to €163,675
mainly Trade debts (+€565,955) and Net result for the year (+€272,628)
- Tangible fixed assets +€64,203
up €64,203 (+1,546%), from €4,152 to €68,356
- Trade debts +€565,955
up €565,955 (+1,478%), from €38,295 to €604,250
- Reserves +€272,628
up €272,628 (+159%), from €171,171 to €443,800
- Tax, wage and social debts +€154,317
up €154,317 (+514%), from €30,015 to €184,332
- Other debts +€15,412
new in 2025: €15,412
- Gross operating margin +€148,784
up €148,784 (+66.8%), from €222,724 to €371,508
- Taxes +€34,598
up €34,598 (+67.7%), from €51,091 to €85,689
- Depreciation +€11,449
up €11,449 (+15,457%), from €74 to €11,523
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.
Derived cash bridge
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 | €240,482 | €1,249,244 | +€1.0m | +419% |
| Fixed assets | 21/28 | €4,152 | €69,556 | +€65,403 | +1,575% |
| Tangible fixed assets | 22/27 | €4,152 | €68,356 | +€64,203 | +1,546% |
| Furniture and vehicles | 24 | €4,152 | €68,356 | +€64,203 | +1,546% |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €236,330 | €1,179,689 | +€943,359 | +399% |
| Amounts receivable within one year | 40/41 | €157,890 | €1,016,014 | +€858,124 | +543% |
| Trade receivables | 40 | €157,890 | €1,010,090 | +€852,200 | +540% |
| Other amounts receivable | 41 | - | €5,924 | +€5,924 | |
| Cash at bank and in hand | 54/58 | €78,440 | €163,675 | +€85,235 | +109% |
| Total equity and liabilities | 10/49 | €240,482 | €1,249,244 | +€1.0m | +419% |
| Equity | 10/15 | €172,171 | €444,800 | +€272,628 | +158% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €171,171 | €443,800 | +€272,628 | +159% |
| Distributable reserves | 133 | €171,171 | €443,800 | +€272,628 | +159% |
| Amounts payable | 17/49 | €68,311 | €804,445 | +€736,134 | +1,078% |
| Amounts payable within one year | 42/48 | €68,311 | €803,995 | +€735,684 | +1,077% |
| Trade debts | 44 | €38,295 | €604,250 | +€565,955 | +1,478% |
| Suppliers | 440/4 | €38,295 | €604,250 | +€565,955 | +1,478% |
| Taxes, remuneration and social security | 45 | €30,015 | €184,332 | +€154,317 | +514% |
| Taxes | 450/3 | €30,015 | €184,332 | +€154,317 | +514% |
| Other amounts payable | 47/48 | - | €15,412 | +€15,412 | |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74 | €11,523 | +€11,449 | +15,457% |
| Other operating charges | 640/8 | €387 | €1,536 | +€1,149 | +297% |
| Gross operating margin | 9900 | €222,724 | €371,508 | +€148,784 | +66.8% |
| Operating profit (loss) | 9901 | €222,262 | €358,448 | +€136,186 | +61.3% |
| Financial charges | 65/66B | - | €131 | +€131 | |
| Recurring financial charges | 65 | - | €131 | +€131 | |
| Profit (loss) for the period before taxes | 9903 | €222,262 | €358,317 | +€136,055 | +61.2% |
| Income taxes | 67/77 | €51,091 | €85,689 | +€34,598 | +67.7% |
| Profit (loss) for the period | 9904 | €171,171 | €272,628 | +€101,457 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €171,171 | €272,628 | +€101,457 | +59.3% |
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 25 October 2026 via checked.be.