ALPHA VERZEKERINGEN: 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 VERZEKERINGEN
Largest movements
- Tangible fixed assets -€21,672
down €21,672 (-7.9%), from €272,913 to €251,241
of which Land and buildings: -€17,192
- Cash +€12,167
up €12,167 (+9.3%), from €131,455 to €143,622
mainly Net result for the year (+€83,538) and Depreciation (+€23,917)
- Other debts -€19,589
down €19,589 (-23.0%), from €85,223 to €65,633
- Debts after one year -€18,498
down €18,498 (-10.3%), from €179,411 to €160,913
- Reserves +€15,247
up €15,247 (+5.2%), from €292,466 to €307,713
of which Distributable reserves: +€15,247
- Tax, wage and social debts +€12,943
up €12,943 (+56.6%), from €22,858 to €35,801
of which Taxes: +€10,764
- Gross operating margin +€38,528
up €38,528 (+21.2%), from €181,904 to €220,433
- Staff costs +€9,330
up €9,330 (+15.6%), from €59,724 to €69,054
- Taxes +€7,693
up €7,693 (+28.6%), from €26,905 to €34,598
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 | €672,198 | €658,060 | -€14,138 | -2.1% |
| Fixed assets | 21/28 | €273,508 | €251,836 | -€21,672 | -7.9% |
| Tangible fixed assets | 22/27 | €272,913 | €251,241 | -€21,672 | -7.9% |
| Land and buildings | 22 | €260,729 | €243,537 | -€17,192 | -6.6% |
| Plant, machinery and equipment | 23 | €1,032 | €2,342 | +€1,310 | +127% |
| Furniture and vehicles | 24 | €11,152 | €5,362 | -€5,790 | -51.9% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €398,690 | €406,224 | +€7,534 | +1.9% |
| Amounts receivable within one year | 40/41 | €266,347 | €261,681 | -€4,666 | -1.8% |
| Trade receivables | 40 | €158,676 | €165,171 | +€6,495 | +4.1% |
| Other amounts receivable | 41 | €107,671 | €96,510 | -€11,161 | -10.4% |
| Cash at bank and in hand | 54/58 | €131,455 | €143,622 | +€12,167 | +9.3% |
| Deferred charges and accrued income | 490/1 | €887 | €920 | +€33 | +3.7% |
| Total equity and liabilities | 10/49 | €672,198 | €658,060 | -€14,138 | -2.1% |
| Equity | 10/15 | €299,903 | €315,150 | +€15,247 | +5.1% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €292,466 | €307,713 | +€15,247 | +5.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €273,716 | €288,963 | +€15,247 | +5.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,255 | €0 | -€1,255 | -100% |
| Provisions for liabilities and charges | 160/5 | €1,255 | €0 | -€1,255 | -100% |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €1,255 | €0 | -€1,255 | -100% |
| Amounts payable | 17/49 | €371,040 | €342,910 | -€28,130 | -7.6% |
| Amounts payable after more than one year | 17 | €179,411 | €160,913 | -€18,498 | -10.3% |
| Financial debts | 170/4 | €179,411 | €160,913 | -€18,498 | -10.3% |
| Amounts payable within one year | 42/48 | €130,844 | €119,933 | -€10,912 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €18,204 | €18,498 | +€294 | +1.6% |
| Trade debts | 44 | €4,559 | €0 | -€4,559 | -100% |
| Suppliers | 440/4 | €4,559 | €0 | -€4,559 | -100% |
| Taxes, remuneration and social security | 45 | €22,858 | €35,801 | +€12,943 | +56.6% |
| Taxes | 450/3 | €14,760 | €25,523 | +€10,764 | +72.9% |
| Remuneration and social security | 454/9 | €8,099 | €10,278 | +€2,179 | +26.9% |
| Other amounts payable | 47/48 | €85,223 | €65,633 | -€19,589 | -23.0% |
| Accrued charges and deferred income | 492/3 | €60,784 | €62,064 | +€1,280 | +2.1% |
| Remuneration, social security and pensions | 62 | €59,724 | €69,054 | +€9,330 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,099 | €23,917 | -€2,182 | -8.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€1,255 | -€1,255 | |
| Other operating charges | 640/8 | €5,095 | €6,313 | +€1,217 | +23.9% |
| Gross operating margin | 9900 | €181,904 | €220,433 | +€38,528 | +21.2% |
| Operating profit (loss) | 9901 | €90,986 | €122,403 | +€31,417 | +34.5% |
| Financial income | 75/76B | - | €124 | +€124 | |
| Recurring financial income | 75 | - | €124 | +€124 | |
| Financial charges | 65/66B | €5,066 | €4,392 | -€674 | -13.3% |
| Recurring financial charges | 65 | €5,066 | €4,392 | -€674 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €85,920 | €118,135 | +€32,216 | +37.5% |
| Income taxes | 67/77 | €26,905 | €34,598 | +€7,693 | +28.6% |
| Profit (loss) for the period | 9904 | €59,015 | €83,538 | +€24,523 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,015 | €83,538 | +€24,523 | +41.6% |
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 21 October 2026 via checked.be.