AlphaForth: 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.
AlphaForth
Largest movements
- Receivables within one year -€42,452
down €42,452 (-37.4%), from €113,361 to €70,908
of which Trade receivables: -€23,639
- Cash -€33,782
down €33,782 (-57.1%), from €59,173 to €25,391
mainly Other debts (-€80,069) and Contributions, distributions and other (-€52,908)
- Other debts -€80,069
down €80,069 (-60.2%), from €132,977 to €52,908
- Tax, wage and social debts +€9,237
up €9,237 (+26.4%), from €34,983 to €44,220
- Trade debts -€5,820
down €5,820 (-90.8%), from €6,413 to €593
- Gross operating margin -€20,441
down €20,441 (-24.4%), from €83,611 to €63,170
- Taxes -€3,416
down €3,416 (-17.7%), from €19,250 to €15,834
- Financial income +€2,712
up €2,712 (+68.4%), from €3,967 to €6,679
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 | €179,374 | €102,721 | -€76,653 | -42.7% |
| Fixed assets | 21/28 | €477 | €58 | -€418 | -87.7% |
| Tangible fixed assets | 22/27 | €477 | €58 | -€418 | -87.7% |
| Plant, machinery and equipment | 23 | €477 | €58 | -€418 | -87.7% |
| Current assets | 29/58 | €178,897 | €102,663 | -€76,234 | -42.6% |
| Amounts receivable within one year | 40/41 | €113,361 | €70,908 | -€42,452 | -37.4% |
| Trade receivables | 40 | €38,885 | €15,246 | -€23,639 | -60.8% |
| Other amounts receivable | 41 | €74,476 | €55,662 | -€18,813 | -25.3% |
| Cash at bank and in hand | 54/58 | €59,173 | €25,391 | -€33,782 | -57.1% |
| Deferred charges and accrued income | 490/1 | €6,364 | €6,364 | = | 0.0% |
| Total equity and liabilities | 10/49 | €179,374 | €102,721 | -€76,653 | -42.7% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €174,374 | €97,721 | -€76,653 | -44.0% |
| Amounts payable within one year | 42/48 | €174,374 | €97,721 | -€76,653 | -44.0% |
| Trade debts | 44 | €6,413 | €593 | -€5,820 | -90.8% |
| Suppliers | 440/4 | €6,413 | €593 | -€5,820 | -90.8% |
| Taxes, remuneration and social security | 45 | €34,983 | €44,220 | +€9,237 | +26.4% |
| Taxes | 450/3 | €34,983 | €44,220 | +€9,237 | +26.4% |
| Other amounts payable | 47/48 | €132,977 | €52,908 | -€80,069 | -60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,232 | €418 | -€813 | -66.0% |
| Other operating charges | 640/8 | €999 | €450 | -€549 | -55.0% |
| Gross operating margin | 9900 | €83,611 | €63,170 | -€20,441 | -24.4% |
| Operating profit (loss) | 9901 | €81,380 | €62,302 | -€19,078 | -23.4% |
| Financial income | 75/76B | €3,967 | €6,679 | +€2,712 | +68.4% |
| Recurring financial income | 75 | €3,967 | €6,679 | +€2,712 | +68.4% |
| Financial charges | 65/66B | €748 | €239 | -€509 | -68.1% |
| Recurring financial charges | 65 | €748 | €239 | -€509 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €84,599 | €68,743 | -€15,856 | -18.7% |
| Income taxes | 67/77 | €19,250 | €15,834 | -€3,416 | -17.7% |
| Profit (loss) for the period | 9904 | €65,349 | €52,908 | -€12,441 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,349 | €52,908 | -€12,441 | -19.0% |
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 3 October 2026 via checked.be.