ALPHAPLAN GROUP: 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.
ALPHAPLAN GROUP
Largest movements
- Receivables within one year -€350,708
down €350,708 (-25.5%), from €1.4m to €1.0m
of which Trade receivables: -€604,375
- Tangible fixed assets +€283,427
up €283,427 (+46.7%), from €607,547 to €890,974
of which Plant, machinery and equipment: +€223,515
- Cash -€67,724
down €67,724 (-21.4%), from €317,070 to €249,346
mainly Investment in fixed assets (net) (-€437,016) and Trade debts (-€420,678)
- Deferred charges and accrued income +€37,451
up €37,451 (+112.6%), from €33,259 to €70,709
- Trade debts -€420,678
down €420,678 (-26.4%), from €1.6m to €1.2m
- Reserves +€285,613
up €285,613 (+80.1%), from €356,747 to €642,360
- Tax, wage and social debts +€124,086
up €124,086 (+612.0%), from €20,277 to €144,363
of which Remuneration and social security: +€73,178
- Advances received -€87,910
down €87,910 (-42.3%), from €207,622 to €119,712
- Current portion of long-term debt +€67,972
up €67,972 (+146.7%), from €46,336 to €114,308
- Staff costs +€373,724
up €373,724 (+32.8%), from €1.1m to €1.5m
- Gross operating margin +€307,326
up €307,326 (+16.3%), from €1.9m to €2.2m
- Depreciation +€150,958
up €150,958 (+1173.0%), from €12,869 to €163,827
- Taxes -€78,895
down €78,895 (-46.6%), from €169,462 to €90,567
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 | €2,579,368 | €2,470,446 | -€108,922 | -4.2% |
| Formation expenses | 20 | €671 | €433 | -€238 | -35.4% |
| Fixed assets | 21/28 | €617,547 | €890,974 | +€273,427 | +44.3% |
| Tangible fixed assets | 22/27 | €607,547 | €890,974 | +€283,427 | +46.7% |
| Plant, machinery and equipment | 23 | €471,058 | €694,573 | +€223,515 | +47.4% |
| Furniture and vehicles | 24 | €3,752 | €21,585 | +€17,833 | +475.2% |
| Leasing and similar rights | 25 | €132,736 | €174,816 | +€42,080 | +31.7% |
| Financial fixed assets | 28 | €10,000 | €0 | -€10,000 | -100.0% |
| Current assets | 29/58 | €1,961,150 | €1,579,039 | -€382,112 | -19.5% |
| Stocks and contracts in progress | 3 | €235,686 | €234,555 | -€1,131 | -0.5% |
| Stocks | 30/36 | €235,686 | €234,555 | -€1,131 | -0.5% |
| Amounts receivable within one year | 40/41 | €1,375,135 | €1,024,428 | -€350,708 | -25.5% |
| Trade receivables | 40 | €1,077,038 | €472,663 | -€604,375 | -56.1% |
| Other amounts receivable | 41 | €298,098 | €551,765 | +€253,667 | +85.1% |
| Cash at bank and in hand | 54/58 | €317,070 | €249,346 | -€67,724 | -21.4% |
| Deferred charges and accrued income | 490/1 | €33,259 | €70,709 | +€37,451 | +112.6% |
| Total equity and liabilities | 10/49 | €2,579,368 | €2,470,446 | -€108,922 | -4.2% |
| Equity | 10/15 | €406,747 | €692,360 | +€285,613 | +70.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €356,747 | €642,360 | +€285,613 | +80.1% |
| Distributable reserves | 133 | €356,747 | €642,360 | +€285,613 | +80.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,172,620 | €1,778,085 | -€394,535 | -18.2% |
| Amounts payable after more than one year | 17 | €79,434 | €65,869 | -€13,565 | -17.1% |
| Financial debts | 170/4 | €79,434 | €65,869 | -€13,565 | -17.1% |
| Amounts payable within one year | 42/48 | €2,093,186 | €1,712,216 | -€380,970 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €46,336 | €114,308 | +€67,972 | +146.7% |
| Trade debts | 44 | €1,592,846 | €1,172,168 | -€420,678 | -26.4% |
| Suppliers | 440/4 | €1,592,846 | €1,172,168 | -€420,678 | -26.4% |
| Advances received on contracts in progress | 46 | €207,622 | €119,712 | -€87,910 | -42.3% |
| Taxes, remuneration and social security | 45 | €20,277 | €144,363 | +€124,086 | +612.0% |
| Taxes | 450/3 | €0 | €50,908 | +€50,908 | |
| Remuneration and social security | 454/9 | €20,277 | €93,455 | +€73,178 | +360.9% |
| Other amounts payable | 47/48 | €226,106 | €161,666 | -€64,440 | -28.5% |
| Remuneration, social security and pensions | 62 | €1,138,540 | €1,512,264 | +€373,724 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,869 | €163,827 | +€150,958 | +1173.0% |
| Other operating charges | 640/8 | €62,050 | €79,268 | +€17,217 | +27.7% |
| Gross operating margin | 9900 | €1,886,673 | €2,193,999 | +€307,326 | +16.3% |
| Operating profit (loss) | 9901 | €673,215 | €438,641 | -€234,574 | -34.8% |
| Financial income | 75/76B | €11 | €1 | -€10 | -89.2% |
| Recurring financial income | 75 | €11 | €1 | -€10 | -89.2% |
| Financial charges | 65/66B | €51,551 | €62,462 | +€10,911 | +21.2% |
| Recurring financial charges | 65 | €51,551 | €62,462 | +€10,911 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €621,674 | €376,180 | -€245,494 | -39.5% |
| Income taxes | 67/77 | €169,462 | €90,567 | -€78,895 | -46.6% |
| Profit (loss) for the period | 9904 | €452,212 | €285,613 | -€166,599 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €452,212 | €285,613 | -€166,599 | -36.8% |
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 4 October 2026 via checked.be.