ALPHADEV: 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.
ALPHADEV
Largest movements
- Receivables within one year -€12,290
down €12,290 (-35.1%), from €35,043 to €22,752
of which Trade receivables: -€19,179
- Cash +€8,177
up €8,177 (+20.7%), from €39,487 to €47,663
mainly Trade debts (+€17,473) and Receivables within one year (+€12,290)
- Tangible fixed assets +€7,748
up €7,748 (+364%), from €2,130 to €9,878
of which Furniture and vehicles: +€8,224
- Deferred charges and accrued income +€2,524
up €2,524 (+317%), from €797 to €3,321
- Intangible fixed assets +€1,101
new in 2025: €1,101
- Trade debts +€17,473
up €17,473 (+1,177%), from €1,485 to €18,958
- Reserves -€8,100
down €8,100 (-13.3%), from €61,000 to €52,900
- Tax, wage and social debts -€2,113
down €2,113 (-16.6%), from €12,764 to €10,651
- Gross operating margin -€65,645
down €65,645, from €63,184 to -€2,462
- Taxes -€12,641
down €12,641 (-99.0%), from €12,764 to €123
- Depreciation +€2,299
up €2,299 (+916%), from €251 to €2,551
- Other operating charges +€2,020
up €2,020 (+2,191%), from €92 to €2,112
- Financial charges +€1,106
up €1,106 (+1,305%), from €85 to €1,190
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 | €77,456 | €84,715 | +€7,259 | +9.4% |
| Fixed assets | 21/28 | €2,130 | €10,978 | +€8,848 | +415% |
| Intangible fixed assets | 21 | - | €1,101 | +€1,101 | |
| Tangible fixed assets | 22/27 | €2,130 | €9,878 | +€7,748 | +364% |
| Plant, machinery and equipment | 23 | €2,130 | €1,654 | -€476 | -22.4% |
| Furniture and vehicles | 24 | - | €8,224 | +€8,224 | |
| Current assets | 29/58 | €75,326 | €73,736 | -€1,590 | -2.1% |
| Amounts receivable within one year | 40/41 | €35,043 | €22,752 | -€12,290 | -35.1% |
| Trade receivables | 40 | €19,179 | - | -€19,179 | |
| Other amounts receivable | 41 | €15,864 | €22,752 | +€6,889 | +43.4% |
| Cash at bank and in hand | 54/58 | €39,487 | €47,663 | +€8,177 | +20.7% |
| Deferred charges and accrued income | 490/1 | €797 | €3,321 | +€2,524 | +317% |
| Total equity and liabilities | 10/49 | €77,456 | €84,715 | +€7,259 | +9.4% |
| Equity | 10/15 | €63,192 | €55,106 | -€8,086 | -12.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €61,000 | €52,900 | -€8,100 | -13.3% |
| Distributable reserves | 133 | €61,000 | €52,900 | -€8,100 | -13.3% |
| Profit (loss) carried forward | 14 | €192 | €206 | +€14 | +7.2% |
| Amounts payable | 17/49 | €14,264 | €29,609 | +€15,345 | +108% |
| Amounts payable within one year | 42/48 | €14,264 | €29,609 | +€15,345 | +108% |
| Trade debts | 44 | €1,485 | €18,958 | +€17,473 | +1,177% |
| Suppliers | 440/4 | €1,485 | €18,958 | +€17,473 | +1,177% |
| Taxes, remuneration and social security | 45 | €12,764 | €10,651 | -€2,113 | -16.6% |
| Taxes | 450/3 | €12,764 | €10,651 | -€2,113 | -16.6% |
| Other amounts payable | 47/48 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251 | €2,551 | +€2,299 | +916% |
| Other operating charges | 640/8 | €92 | €2,112 | +€2,020 | +2,191% |
| Gross operating margin | 9900 | €63,184 | -€2,462 | -€65,645 | |
| Operating profit (loss) | 9901 | €62,840 | -€7,124 | -€69,964 | |
| Financial income | 75/76B | €205 | €352 | +€146 | +71.3% |
| Recurring financial income | 75 | €205 | €352 | +€146 | +71.3% |
| Financial charges | 65/66B | €85 | €1,190 | +€1,106 | +1,305% |
| Recurring financial charges | 65 | €85 | €1,190 | +€1,106 | +1,305% |
| Profit (loss) for the period before taxes | 9903 | €62,961 | -€7,963 | -€70,924 | |
| Income taxes | 67/77 | €12,764 | €123 | -€12,641 | -99.0% |
| Profit (loss) for the period | 9904 | €50,197 | -€8,086 | -€58,283 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,197 | -€8,086 | -€58,283 |
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 1 November 2026 via checked.be.