ALPHAGROUP: 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.
ALPHAGROUP
Largest movements
- Cash +€266,744
up €266,744 (+280.1%), from €95,234 to €361,978
mainly Trade debts (+€253,789) and Current portion of long-term debt (+€82,250)
- Tangible fixed assets +€73,077
up €73,077 (+40.5%), from €180,231 to €253,308
of which Furniture and vehicles: +€52,305
- Receivables after one year -€66,908
down €66,908 (-7.7%), from €874,107 to €807,199
- Stocks and contracts +€50,106
new in 2025: €50,106
- Receivables within one year -€30,514
no longer reported in 2025 (was €30,514)
of which Other amounts receivable: -€15,947
- Trade debts +€253,789
up €253,789 (+120.1%), from €211,239 to €465,028
- Other debts -€168,851
down €168,851 (-73.8%), from €228,941 to €60,090
- Current portion of long-term debt +€82,250
up €82,250 (+210.9%), from €39,000 to €121,250
- Reserves +€69,090
up €69,090 (+17.1%), from €403,244 to €472,334
of which Distributable reserves: +€69,090
- Debts after one year +€45,004
up €45,004 (+18.0%), from €250,000 to €295,004
- Gross operating margin +€630,511
up €630,511 (+1059.2%), from €59,528 to €690,039
- Staff costs +€422,016
up €422,016 (+430.7%), from €97,991 to €520,007
- Financial income -€100,889
down €100,889 (-96.8%), from €104,177 to €3,288
of which Non-recurring financial income: -€103,828
- Taxes +€27,378
up €27,378 (+168.4%), from €16,260 to €43,638
- Depreciation +€23,428
up €23,428 (+316.4%), from €7,405 to €30,833
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 | €1,186,033 | €1,495,023 | +€308,990 | +26.1% |
| Fixed assets | 21/28 | €184,003 | €270,922 | +€86,919 | +47.2% |
| Tangible fixed assets | 22/27 | €180,231 | €253,308 | +€73,077 | +40.5% |
| Plant, machinery and equipment | 23 | €180,231 | €201,003 | +€20,772 | +11.5% |
| Furniture and vehicles | 24 | - | €52,305 | +€52,305 | |
| Financial fixed assets | 28 | €3,772 | €17,614 | +€13,842 | +367.0% |
| Current assets | 29/58 | €1,002,030 | €1,224,101 | +€222,071 | +22.2% |
| Amounts receivable after more than one year | 29 | €874,107 | €807,199 | -€66,908 | -7.7% |
| Other amounts receivable | 291 | €874,107 | €807,199 | -€66,908 | -7.7% |
| Stocks and contracts in progress | 3 | - | €50,106 | +€50,106 | |
| Stocks | 30/36 | - | €50,106 | +€50,106 | |
| Amounts receivable within one year | 40/41 | €30,514 | - | -€30,514 | |
| Trade receivables | 40 | €14,567 | - | -€14,567 | |
| Other amounts receivable | 41 | €15,947 | - | -€15,947 | |
| Cash at bank and in hand | 54/58 | €95,234 | €361,978 | +€266,744 | +280.1% |
| Deferred charges and accrued income | 490/1 | €2,175 | €4,818 | +€2,643 | +121.5% |
| Total equity and liabilities | 10/49 | €1,186,033 | €1,495,023 | +€308,990 | +26.1% |
| Equity | 10/15 | €421,844 | €490,934 | +€69,090 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €403,244 | €472,334 | +€69,090 | +17.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €401,384 | €470,474 | +€69,090 | +17.2% |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Amounts payable | 17/49 | €764,189 | €1,004,089 | +€239,900 | +31.4% |
| Amounts payable after more than one year | 17 | €250,000 | €295,004 | +€45,004 | +18.0% |
| Financial debts | 170/4 | €250,000 | €295,004 | +€45,004 | +18.0% |
| Amounts payable within one year | 42/48 | €514,186 | €709,085 | +€194,899 | +37.9% |
| Current portion of amounts payable after more than one year | 42 | €39,000 | €121,250 | +€82,250 | +210.9% |
| Trade debts | 44 | €211,239 | €465,028 | +€253,789 | +120.1% |
| Suppliers | 440/4 | €211,239 | €465,028 | +€253,789 | +120.1% |
| Taxes, remuneration and social security | 45 | €35,006 | €62,717 | +€27,711 | +79.2% |
| Taxes | 450/3 | €16,934 | €62,717 | +€45,783 | +270.4% |
| Remuneration and social security | 454/9 | €18,072 | - | -€18,072 | |
| Other amounts payable | 47/48 | €228,941 | €60,090 | -€168,851 | -73.8% |
| Accrued charges and deferred income | 492/3 | €3 | - | -€3 | |
| Remuneration, social security and pensions | 62 | €97,991 | €520,007 | +€422,016 | +430.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,405 | €30,833 | +€23,428 | +316.4% |
| Other operating charges | 640/8 | €1,458 | €3,201 | +€1,743 | +119.5% |
| Gross operating margin | 9900 | €59,528 | €690,039 | +€630,511 | +1059.2% |
| Operating profit (loss) | 9901 | -€47,326 | €135,998 | +€183,324 | |
| Financial income | 75/76B | €104,177 | €3,288 | -€100,889 | -96.8% |
| Recurring financial income | 75 | €349 | €3,288 | +€2,939 | +842.2% |
| Non-recurring financial income | 76B | €103,828 | - | -€103,828 | |
| Financial charges | 65/66B | €19,070 | €19,593 | +€523 | +2.7% |
| Recurring financial charges | 65 | €19,070 | €19,593 | +€523 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €37,781 | €119,693 | +€81,912 | +216.8% |
| Income taxes | 67/77 | €16,260 | €43,638 | +€27,378 | +168.4% |
| Profit (loss) for the period | 9904 | €21,521 | €76,054 | +€54,533 | +253.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,521 | €76,054 | +€54,533 | +253.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.