ALPHA151: 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.
ALPHA151
Largest movements
- Financial fixed assets +€66,668
up €66,668 (+1851.9%), from €3,600 to €70,268
- Cash +€22,981
up €22,981 (+54.8%), from €41,912 to €64,892
mainly Debts after one year (+€65,000) and Net result for the year (+€28,251)
- Tangible fixed assets -€10,962
down €10,962 (-37.9%), from €28,941 to €17,979
of which Furniture and vehicles: -€7,619
- Receivables within one year +€10,633
up €10,633 (+120.9%), from €8,796 to €19,430
of which Trade receivables: +€10,634
- Deferred charges and accrued income +€2,313
up €2,313 (+77.2%), from €2,996 to €5,309
- Debts after one year +€65,000
up €65,000 (+325.0%), from €20,000 to €85,000
- Profit (loss) carried forward +€23,251
up €23,251 (+199.0%), from €11,682 to €34,933
- Tax, wage and social debts +€6,266
up €6,266 (+32.0%), from €19,594 to €25,861
of which Taxes: +€6,726
- Other debts -€2,634
down €2,634 (-13.6%), from €19,410 to €16,777
- Trade debts -€2,464
down €2,464 (-21.0%), from €11,713 to €9,249
- Gross operating margin +€21,048
up €21,048 (+21.4%), from €98,284 to €119,332
- Taxes +€7,822
up €7,822 (+215.8%), from €3,625 to €11,448
- Depreciation -€3,826
down €3,826 (-37.2%), from €10,286 to €6,461
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 | €103,400 | €192,820 | +€89,420 | +86.5% |
| Fixed assets | 21/28 | €32,541 | €88,247 | +€55,706 | +171.2% |
| Tangible fixed assets | 22/27 | €28,941 | €17,979 | -€10,962 | -37.9% |
| Furniture and vehicles | 24 | €15,478 | €7,859 | -€7,619 | -49.2% |
| Other tangible fixed assets | 26 | €13,463 | €10,120 | -€3,342 | -24.8% |
| Financial fixed assets | 28 | €3,600 | €70,268 | +€66,668 | +1851.9% |
| Current assets | 29/58 | €70,859 | €104,573 | +€33,714 | +47.6% |
| Stocks and contracts in progress | 3 | €17,155 | €14,942 | -€2,213 | -12.9% |
| Stocks | 30/36 | €17,155 | €14,942 | -€2,213 | -12.9% |
| Amounts receivable within one year | 40/41 | €8,796 | €19,430 | +€10,633 | +120.9% |
| Trade receivables | 40 | €8,795 | €19,430 | +€10,634 | +120.9% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €41,912 | €64,892 | +€22,981 | +54.8% |
| Deferred charges and accrued income | 490/1 | €2,996 | €5,309 | +€2,313 | +77.2% |
| Total equity and liabilities | 10/49 | €103,400 | €192,820 | +€89,420 | +86.5% |
| Equity | 10/15 | €32,682 | €55,933 | +€23,251 | +71.1% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,682 | €34,933 | +€23,251 | +199.0% |
| Amounts payable | 17/49 | €70,718 | €136,887 | +€66,169 | +93.6% |
| Amounts payable after more than one year | 17 | €20,000 | €85,000 | +€65,000 | +325.0% |
| Other amounts payable | 178/9 | €20,000 | €85,000 | +€65,000 | +325.0% |
| Amounts payable within one year | 42/48 | €50,718 | €51,887 | +€1,169 | +2.3% |
| Trade debts | 44 | €11,713 | €9,249 | -€2,464 | -21.0% |
| Suppliers | 440/4 | €11,713 | €9,249 | -€2,464 | -21.0% |
| Taxes, remuneration and social security | 45 | €19,594 | €25,861 | +€6,266 | +32.0% |
| Taxes | 450/3 | €9,514 | €16,239 | +€6,726 | +70.7% |
| Remuneration and social security | 454/9 | €10,081 | €9,622 | -€459 | -4.6% |
| Other amounts payable | 47/48 | €19,410 | €16,777 | -€2,634 | -13.6% |
| Non-recurring operating income | 76A | - | €499 | +€499 | |
| Remuneration, social security and pensions | 62 | €66,069 | €64,908 | -€1,161 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,286 | €6,461 | -€3,826 | -37.2% |
| Other operating charges | 640/8 | €2,479 | €1,910 | -€568 | -22.9% |
| Gross operating margin | 9900 | €98,284 | €119,332 | +€21,048 | +21.4% |
| Operating profit (loss) | 9901 | €19,450 | €46,052 | +€26,602 | +136.8% |
| Financial income | 75/76B | €1 | €5 | +€4 | +414.4% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +414.4% |
| Financial charges | 65/66B | €5,845 | €6,359 | +€513 | +8.8% |
| Recurring financial charges | 65 | €5,845 | €6,359 | +€513 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €13,606 | €39,699 | +€26,093 | +191.8% |
| Income taxes | 67/77 | €3,625 | €11,448 | +€7,822 | +215.8% |
| Profit (loss) for the period | 9904 | €9,980 | €28,251 | +€18,271 | +183.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,980 | €28,251 | +€18,271 | +183.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.