AlphaCon: 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.
AlphaCon
Largest movements
- Current investments -€23,400
down €23,400 (-31.1%), from €75,353 to €51,954
- Cash +€19,608
up €19,608 (+90.9%), from €21,578 to €41,186
mainly Net result for the year (+€25,562) and Current investments (+€23,400)
- Tangible fixed assets +€6,381
up €6,381 (+10.2%), from €62,415 to €68,796
of which Furniture and vehicles: +€9,987
- Receivables within one year -€5,564
down €5,564 (-22.6%), from €24,624 to €19,061
of which Trade receivables: -€6,225
- Other debts +€7,452
up €7,452 (+35.6%), from €20,951 to €28,403
- Tax, wage and social debts -€5,289
down €5,289 (-66.7%), from €7,934 to €2,645
- Reserves -€2,841
down €2,841 (-2.3%), from €123,846 to €121,004
- Gross operating margin -€33,685
down €33,685 (-36.6%), from €91,988 to €58,303
- Taxes -€9,957
down €9,957 (-44.4%), from €22,410 to €12,454
- Depreciation +€1,763
up €1,763 (+13.0%), from €13,595 to €15,358
- Financial income +€1,101
up €1,101 (+760%), from €145 to €1,246
- Financial charges +€974
up €974 (+25.2%), from €3,861 to €4,835
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 | €188,789 | €186,650 | -€2,139 | -1.1% |
| Fixed assets | 21/28 | €62,415 | €68,796 | +€6,381 | +10.2% |
| Tangible fixed assets | 22/27 | €62,415 | €68,796 | +€6,381 | +10.2% |
| Plant, machinery and equipment | 23 | €99 | €1,488 | +€1,390 | +1,410% |
| Furniture and vehicles | 24 | €13,219 | €23,206 | +€9,987 | +75.6% |
| Other tangible fixed assets | 26 | €49,098 | €44,102 | -€4,996 | -10.2% |
| Current assets | 29/58 | €126,374 | €117,854 | -€8,520 | -6.7% |
| Amounts receivable within one year | 40/41 | €24,624 | €19,061 | -€5,564 | -22.6% |
| Trade receivables | 40 | €23,050 | €16,825 | -€6,225 | -27.0% |
| Other amounts receivable | 41 | €1,574 | €2,236 | +€662 | +42.0% |
| Current investments | 50/53 | €75,353 | €51,954 | -€23,400 | -31.1% |
| Cash at bank and in hand | 54/58 | €21,578 | €41,186 | +€19,608 | +90.9% |
| Deferred charges and accrued income | 490/1 | €4,818 | €5,654 | +€836 | +17.3% |
| Total equity and liabilities | 10/49 | €188,789 | €186,650 | -€2,139 | -1.1% |
| Equity | 10/15 | €155,067 | €152,226 | -€2,841 | -1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,846 | €121,004 | -€2,841 | -2.3% |
| Distributable reserves | 133 | €123,846 | €121,004 | -€2,841 | -2.3% |
| Profit (loss) carried forward | 14 | €25,022 | €25,022 | = | 0.0% |
| Amounts payable | 17/49 | €33,722 | €34,424 | +€702 | +2.1% |
| Amounts payable within one year | 42/48 | €33,507 | €34,424 | +€917 | +2.7% |
| Trade debts | 44 | €4,622 | €3,376 | -€1,246 | -27.0% |
| Suppliers | 440/4 | €4,622 | €3,376 | -€1,246 | -27.0% |
| Taxes, remuneration and social security | 45 | €7,934 | €2,645 | -€5,289 | -66.7% |
| Taxes | 450/3 | €7,934 | €2,645 | -€5,289 | -66.7% |
| Other amounts payable | 47/48 | €20,951 | €28,403 | +€7,452 | +35.6% |
| Accrued charges and deferred income | 492/3 | €215 | €0 | -€215 | -100% |
| Non-recurring operating income | 76A | €13,987 | €0 | -€13,987 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,595 | €15,358 | +€1,763 | +13.0% |
| Other operating charges | 640/8 | €1,014 | €1,340 | +€326 | +32.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €91,988 | €58,303 | -€33,685 | -36.6% |
| Operating profit (loss) | 9901 | €77,379 | €41,605 | -€35,774 | -46.2% |
| Financial income | 75/76B | €145 | €1,246 | +€1,101 | +760% |
| Recurring financial income | 75 | €145 | €1,246 | +€1,101 | +760% |
| Financial charges | 65/66B | €3,861 | €4,835 | +€974 | +25.2% |
| Recurring financial charges | 65 | €3,861 | €4,835 | +€974 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €73,662 | €38,016 | -€35,647 | -48.4% |
| Income taxes | 67/77 | €22,410 | €12,454 | -€9,957 | -44.4% |
| Profit (loss) for the period | 9904 | €51,252 | €25,562 | -€25,690 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,252 | €25,562 | -€25,690 | -50.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.