ALPHAPRO MANAGEMENT: 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.
ALPHAPRO MANAGEMENT
Largest movements
- Receivables within one year +€107,831
up €107,831 (+340.0%), from €31,717 to €139,547
of which Other amounts receivable: +€88,828
- Cash -€88,140
down €88,140 (-32.3%), from €272,822 to €184,682
mainly Receivables within one year (-€107,831) and Investment in fixed assets (net) (-€61,332)
- Tangible fixed assets +€45,246
up €45,246 (+12.6%), from €359,032 to €404,278
of which Furniture and vehicles: +€57,733
- Reserves +€57,000
up €57,000 (+25.5%), from €223,882 to €280,882
of which Distributable reserves: +€57,000
- Other debts +€32,902
up €32,902 (+219.8%), from €14,971 to €47,873
- Debts after one year -€18,040
down €18,040 (-10.9%), from €165,953 to €147,913
- Gross operating margin +€34,100
up €34,100 (+24.0%), from €142,223 to €176,324
- Taxes +€19,255
up €19,255 (+64.4%), from €29,917 to €49,171
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 | €663,943 | €732,215 | +€68,272 | +10.3% |
| Fixed assets | 21/28 | €359,032 | €404,278 | +€45,246 | +12.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €359,032 | €404,278 | +€45,246 | +12.6% |
| Land and buildings | 22 | €353,716 | €341,643 | -€12,073 | -3.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,762 | €61,496 | +€57,733 | +1534.5% |
| Other tangible fixed assets | 26 | €1,554 | €1,140 | -€415 | -26.7% |
| Current assets | 29/58 | €304,911 | €327,937 | +€23,026 | +7.6% |
| Amounts receivable within one year | 40/41 | €31,717 | €139,547 | +€107,831 | +340.0% |
| Trade receivables | 40 | €22,750 | €41,753 | +€19,003 | +83.5% |
| Other amounts receivable | 41 | €8,967 | €97,795 | +€88,828 | +990.6% |
| Cash at bank and in hand | 54/58 | €272,822 | €184,682 | -€88,140 | -32.3% |
| Deferred charges and accrued income | 490/1 | €371 | €3,707 | +€3,336 | +898.1% |
| Total equity and liabilities | 10/49 | €663,943 | €732,215 | +€68,272 | +10.3% |
| Equity | 10/15 | €334,715 | €392,468 | +€57,753 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223,882 | €280,882 | +€57,000 | +25.5% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €205,132 | €262,132 | +€57,000 | +27.8% |
| Profit (loss) carried forward | 14 | €92,233 | €92,986 | +€753 | +0.8% |
| Provisions and deferred taxes | 16 | €85,000 | €85,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €85,000 | €85,000 | = | 0.0% |
| Taxes | 161 | €85,000 | €85,000 | = | 0.0% |
| Amounts payable | 17/49 | €244,228 | €254,747 | +€10,519 | +4.3% |
| Amounts payable after more than one year | 17 | €165,953 | €147,913 | -€18,040 | -10.9% |
| Financial debts | 170/4 | €165,953 | €147,913 | -€18,040 | -10.9% |
| Amounts payable within one year | 42/48 | €77,036 | €101,271 | +€24,236 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €17,749 | €18,040 | +€291 | +1.6% |
| Trade debts | 44 | €7,675 | €2,314 | -€5,360 | -69.8% |
| Suppliers | 440/4 | €7,675 | €2,314 | -€5,360 | -69.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €36,641 | €33,043 | -€3,597 | -9.8% |
| Taxes | 450/3 | €36,238 | €32,640 | -€3,597 | -9.9% |
| Remuneration and social security | 454/9 | €403 | €403 | = | 0.0% |
| Other amounts payable | 47/48 | €14,971 | €47,873 | +€32,902 | +219.8% |
| Accrued charges and deferred income | 492/3 | €1,239 | €5,563 | +€4,324 | +349.0% |
| Non-recurring operating income | 76A | €760 | €0 | -€760 | -100.0% |
| Remuneration, social security and pensions | 62 | €179 | -€66 | -€245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,336 | €16,086 | -€249 | -1.5% |
| Other operating charges | 640/8 | €3,866 | €4,639 | +€773 | +20.0% |
| Non-recurring operating charges | 66A | €85,000 | - | -€85,000 | |
| Gross operating margin | 9900 | €142,223 | €176,324 | +€34,100 | +24.0% |
| Operating profit (loss) | 9901 | €36,843 | €155,664 | +€118,821 | +322.5% |
| Financial income | 75/76B | €1,103 | €731 | -€372 | -33.7% |
| Recurring financial income | 75 | €1,103 | €731 | -€372 | -33.7% |
| Financial charges | 65/66B | €5,975 | €5,761 | -€213 | -3.6% |
| Recurring financial charges | 65 | €5,975 | €5,761 | -€213 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €31,971 | €150,634 | +€118,663 | +371.2% |
| Income taxes | 67/77 | €29,917 | €49,171 | +€19,255 | +64.4% |
| Profit (loss) for the period | 9904 | €2,055 | €101,463 | +€99,408 | +4838.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,055 | €101,463 | +€99,408 | +4838.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.