ALPHAMAX: 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.
ALPHAMAX
Largest movements
- Stocks and contracts +€54,383
up €54,383 (+429.7%), from €12,655 to €67,038
- Receivables within one year +€19,438
up €19,438 (+304.7%), from €6,380 to €25,818
of which Other amounts receivable: +€18,480
- Tangible fixed assets +€7,308
up €7,308 (+19.0%), from €38,564 to €45,872
of which Furniture and vehicles: +€8,535
- Profit (loss) carried forward +€69,683
up €69,683 (+104.2%), from €66,900 to €136,583
- Trade debts +€17,104
up €17,104 (+34906.1%), from €49 to €17,153
- Current portion of long-term debt -€7,856
down €7,856 (-91.6%), from €8,575 to €719
- Tax, wage and social debts +€4,407
up €4,407 (+24.8%), from €17,753 to €22,160
- Gross operating margin +€46,810
up €46,810 (+69.0%), from €67,861 to €114,671
- Taxes +€9,337
up €9,337 (+73.7%), from €12,663 to €22,000
- Write-downs +€5,442
new in 2024: €5,442
- Depreciation -€4,715
down €4,715 (-25.9%), from €18,202 to €13,487
- Other operating charges +€2,325
up €2,325 (+177.5%), from €1,310 to €3,635
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,456 | €197,075 | +€82,619 | +72.2% |
| Fixed assets | 21/28 | €38,564 | €45,872 | +€7,308 | +19.0% |
| Tangible fixed assets | 22/27 | €38,564 | €45,872 | +€7,308 | +19.0% |
| Plant, machinery and equipment | 23 | €11,367 | €10,140 | -€1,227 | -10.8% |
| Furniture and vehicles | 24 | €27,197 | €35,732 | +€8,535 | +31.4% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €75,892 | €151,203 | +€75,311 | +99.2% |
| Stocks and contracts in progress | 3 | €12,655 | €67,038 | +€54,383 | +429.7% |
| Stocks | 30/36 | €12,655 | €67,038 | +€54,383 | +429.7% |
| Amounts receivable within one year | 40/41 | €6,380 | €25,818 | +€19,438 | +304.7% |
| Trade receivables | 40 | - | €958 | +€958 | |
| Other amounts receivable | 41 | €6,380 | €24,860 | +€18,480 | +289.7% |
| Cash at bank and in hand | 54/58 | €56,857 | €58,347 | +€1,490 | +2.6% |
| Total equity and liabilities | 10/49 | €114,456 | €197,075 | +€82,619 | +72.2% |
| Equity | 10/15 | €87,360 | €157,043 | +€69,683 | +79.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,900 | €136,583 | +€69,683 | +104.2% |
| Investment grants | 15 | - | €0 | = | |
| Amounts payable | 17/49 | €27,096 | €40,032 | +€12,936 | +47.7% |
| Amounts payable after more than one year | 17 | €719 | €0 | -€719 | -100.0% |
| Financial debts | 170/4 | €719 | €0 | -€719 | -100.0% |
| Amounts payable within one year | 42/48 | €26,377 | €40,032 | +€13,655 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €8,575 | €719 | -€7,856 | -91.6% |
| Trade debts | 44 | €49 | €17,153 | +€17,104 | +34906.1% |
| Suppliers | 440/4 | €49 | €17,153 | +€17,104 | +34906.1% |
| Taxes, remuneration and social security | 45 | €17,753 | €22,160 | +€4,407 | +24.8% |
| Taxes | 450/3 | €17,753 | €22,160 | +€4,407 | +24.8% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,202 | €13,487 | -€4,715 | -25.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,442 | +€5,442 | |
| Other operating charges | 640/8 | €1,310 | €3,635 | +€2,325 | +177.5% |
| Gross operating margin | 9900 | €67,861 | €114,671 | +€46,810 | +69.0% |
| Operating profit (loss) | 9901 | €48,349 | €92,107 | +€43,758 | +90.5% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €468 | €424 | -€44 | -9.4% |
| Recurring financial charges | 65 | €468 | €424 | -€44 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €47,885 | €91,683 | +€43,798 | +91.5% |
| Income taxes | 67/77 | €12,663 | €22,000 | +€9,337 | +73.7% |
| Profit (loss) for the period | 9904 | €35,222 | €69,683 | +€34,461 | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,222 | €69,683 | +€34,461 | +97.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.