ALPHAA: 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.
ALPHAA
Largest movements
- Tangible fixed assets -€4,634
down €4,634 (-25.0%), from €18,538 to €13,903
- Receivables within one year +€3,008
up €3,008 (+28.2%), from €10,676 to €13,684
of which Trade receivables: +€5,235
- Profit (loss) carried forward -€1,628
down €1,628 (-3.3%), from €49,459 to €47,830
- Trade debts -€737
down €737 (-67.5%), from €1,092 to €355
- Depreciation +€3,544
up €3,544 (+325.0%), from €1,090 to €4,634
- Gross operating margin +€2,818
up €2,818 (+74.0%), from €3,810 to €6,628
- Taxes +€1,557
up €1,557 (+134.3%), from €1,159 to €2,716
- Other operating charges +€492
up €492 (+133.6%), from €368 to €860
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 | €71,766 | €69,426 | -€2,340 | -3.3% |
| Fixed assets | 21/28 | €18,538 | €13,903 | -€4,634 | -25.0% |
| Tangible fixed assets | 22/27 | €18,538 | €13,903 | -€4,634 | -25.0% |
| Furniture and vehicles | 24 | €18,538 | €13,903 | -€4,634 | -25.0% |
| Current assets | 29/58 | €53,229 | €55,523 | +€2,294 | +4.3% |
| Amounts receivable within one year | 40/41 | €10,676 | €13,684 | +€3,008 | +28.2% |
| Trade receivables | 40 | €3,750 | €8,985 | +€5,235 | +139.6% |
| Other amounts receivable | 41 | €6,926 | €4,699 | -€2,226 | -32.1% |
| Cash at bank and in hand | 54/58 | €42,553 | €41,839 | -€714 | -1.7% |
| Total equity and liabilities | 10/49 | €71,766 | €69,426 | -€2,340 | -3.3% |
| Equity | 10/15 | €68,574 | €66,946 | -€1,628 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €516 | €516 | = | 0.0% |
| Non-distributable reserves | 130/1 | €516 | €516 | = | 0.0% |
| Reserves not available under the articles | 1311 | €516 | €516 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,459 | €47,830 | -€1,628 | -3.3% |
| Amounts payable | 17/49 | €3,192 | €2,480 | -€712 | -22.3% |
| Amounts payable within one year | 42/48 | €3,192 | €2,480 | -€712 | -22.3% |
| Trade debts | 44 | €1,092 | €355 | -€737 | -67.5% |
| Suppliers | 440/4 | €1,092 | €355 | -€737 | -67.5% |
| Taxes, remuneration and social security | 45 | €2,100 | €2,125 | +€25 | +1.2% |
| Taxes | 450/3 | - | €1,646 | +€1,646 | |
| Remuneration and social security | 454/9 | €2,100 | €479 | -€1,621 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,090 | €4,634 | +€3,544 | +325.0% |
| Other operating charges | 640/8 | €368 | €860 | +€492 | +133.6% |
| Gross operating margin | 9900 | €3,810 | €6,628 | +€2,818 | +74.0% |
| Operating profit (loss) | 9901 | €2,351 | €1,133 | -€1,218 | -51.8% |
| Financial charges | 65/66B | €53 | €45 | -€8 | -14.8% |
| Recurring financial charges | 65 | €53 | €45 | -€8 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €2,298 | €1,088 | -€1,210 | -52.7% |
| Income taxes | 67/77 | €1,159 | €2,716 | +€1,557 | +134.3% |
| Profit (loss) for the period | 9904 | €1,139 | -€1,628 | -€2,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,139 | -€1,628 | -€2,767 |
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 7 October 2026 via checked.be.