ALPHABET: 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.
ALPHABET
Largest movements
- Financial fixed assets +€33,000
new in 2025: €33,000
- Receivables within one year -€9,883
down €9,883 (-100%), from €9,883 to €0
of which Trade receivables: -€7,260
- Cash +€7,381
up €7,381 (+366%), from €2,018 to €9,399
mainly Debts after one year (+€25,498) and Receivables within one year (+€9,883)
- Receivables after one year +€6,000
new in 2025: €6,000
- Tangible fixed assets -€626
down €626 (-33.3%), from €1,877 to €1,251
- Debts after one year +€25,498
new in 2025: €25,498
of which Financial debts: +€21,162
- Current portion of long-term debt +€9,391
new in 2025: €9,391
- Tax, wage and social debts +€3,603
up €3,603 (+67.5%), from €5,339 to €8,942
- Other debts -€2,885
down €2,885 (-100%), from €2,885 to €0
- Reserves +€1,600
up €1,600 (+57.5%), from €2,783 to €4,383
- Gross operating margin +€1,896
up €1,896 (+56.5%), from €3,352 to €5,248
- Other operating charges +€954
up €954 (+4,258%), from €22 to €976
- Depreciation -€860
down €860 (-57.9%), from €1,485 to €626
- Taxes +€782
up €782 (+120%), from €651 to €1,433
- Financial charges +€615
up €615, from €0 to €615
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 | €14,342 | €50,214 | +€35,872 | +250% |
| Fixed assets | 21/28 | €1,877 | €34,251 | +€32,374 | +1,725% |
| Tangible fixed assets | 22/27 | €1,877 | €1,251 | -€626 | -33.3% |
| Furniture and vehicles | 24 | €1,877 | €1,251 | -€626 | -33.3% |
| Financial fixed assets | 28 | - | €33,000 | +€33,000 | |
| Current assets | 29/58 | €12,464 | €15,962 | +€3,498 | +28.1% |
| Amounts receivable after more than one year | 29 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 291 | - | €6,000 | +€6,000 | |
| Amounts receivable within one year | 40/41 | €9,883 | €0 | -€9,883 | -100% |
| Trade receivables | 40 | €7,260 | €0 | -€7,260 | -100% |
| Other amounts receivable | 41 | €2,623 | €0 | -€2,623 | -100% |
| Cash at bank and in hand | 54/58 | €2,018 | €9,399 | +€7,381 | +366% |
| Deferred charges and accrued income | 490/1 | €563 | €563 | = | 0.0% |
| Total equity and liabilities | 10/49 | €14,342 | €50,214 | +€35,872 | +250% |
| Equity | 10/15 | €4,783 | €6,383 | +€1,600 | +33.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,783 | €4,383 | +€1,600 | +57.5% |
| Distributable reserves | 133 | €2,783 | €4,383 | +€1,600 | +57.5% |
| Amounts payable | 17/49 | €9,559 | €43,831 | +€34,272 | +359% |
| Amounts payable after more than one year | 17 | - | €25,498 | +€25,498 | |
| Financial debts | 170/4 | - | €21,162 | +€21,162 | |
| Other amounts payable | 178/9 | - | €4,336 | +€4,336 | |
| Amounts payable within one year | 42/48 | €9,559 | €18,333 | +€8,774 | +91.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,391 | +€9,391 | |
| Trade debts | 44 | €1,335 | €0 | -€1,335 | -100% |
| Suppliers | 440/4 | €1,335 | €0 | -€1,335 | -100% |
| Taxes, remuneration and social security | 45 | €5,339 | €8,942 | +€3,603 | +67.5% |
| Taxes | 450/3 | €5,339 | €8,942 | +€3,603 | +67.5% |
| Other amounts payable | 47/48 | €2,885 | €0 | -€2,885 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,485 | €626 | -€860 | -57.9% |
| Other operating charges | 640/8 | €22 | €976 | +€954 | +4,258% |
| Gross operating margin | 9900 | €3,352 | €5,248 | +€1,896 | +56.5% |
| Operating profit (loss) | 9901 | €1,845 | €3,646 | +€1,802 | +97.7% |
| Financial income | 75/76B | €22 | €2 | -€20 | -90.4% |
| Recurring financial income | 75 | €22 | €2 | -€20 | -90.4% |
| Financial charges | 65/66B | €0 | €615 | +€615 | |
| Recurring financial charges | 65 | €0 | €615 | +€615 | |
| Profit (loss) for the period before taxes | 9903 | €1,867 | €3,033 | +€1,166 | +62.5% |
| Income taxes | 67/77 | €651 | €1,433 | +€782 | +120% |
| Profit (loss) for the period | 9904 | €1,215 | €1,600 | +€385 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,215 | €1,600 | +€385 | +31.6% |
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 24 October 2026 via checked.be.