ALPHAR GILLY: 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.
ALPHAR GILLY
Largest movements
- Receivables within one year +€51,253
up €51,253 (+122%), from €41,910 to €93,162
of which Other amounts receivable: +€30,604
- Current investments -€20,190
down €20,190 (-83.5%), from €24,190 to €4,000
- Cash +€12,090
up €12,090 (+360%), from €3,354 to €15,444
mainly Net result for the year (+€104,784) and Other debts (+€66,006)
- Other debts +€66,006
up €66,006 (+96.8%), from €68,198 to €134,204
- Reserves -€20,520
down €20,520 (-6.7%), from €306,780 to €286,260
- Debts after one year -€19,336
down €19,336 (-24.7%), from €78,368 to €59,033
- Tax, wage and social debts +€13,363
up €13,363 (+110%), from €12,203 to €25,566
of which Taxes: +€10,647
- Gross operating margin +€8,605
up €8,605 (+6.7%), from €128,229 to €136,834
- Taxes +€4,027
up €4,027 (+22.7%), from €17,728 to €21,754
- Financial charges +€2,918
up €2,918 (+36.0%), from €8,115 to €11,033
- Financial income +€1,735
new in 2025: €1,735
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.
Derived cash bridge
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 | €923,569 | €966,854 | +€43,285 | +4.7% |
| Fixed assets | 21/28 | €852,197 | €852,197 | = | 0.0% |
| Financial fixed assets | 28 | €852,197 | €852,197 | = | 0.0% |
| Current assets | 29/58 | €71,372 | €114,657 | +€43,285 | +60.6% |
| Amounts receivable within one year | 40/41 | €41,910 | €93,162 | +€51,253 | +122% |
| Trade receivables | 40 | €41,910 | €62,559 | +€20,649 | +49.3% |
| Other amounts receivable | 41 | - | €30,604 | +€30,604 | |
| Current investments | 50/53 | €24,190 | €4,000 | -€20,190 | -83.5% |
| Cash at bank and in hand | 54/58 | €3,354 | €15,444 | +€12,090 | +360% |
| Deferred charges and accrued income | 490/1 | €1,918 | €2,050 | +€132 | +6.9% |
| Total equity and liabilities | 10/49 | €923,569 | €966,854 | +€43,285 | +4.7% |
| Equity | 10/15 | €745,469 | €724,953 | -€20,516 | -2.8% |
| Contributions | 10/11 | €137,500 | €137,500 | = | 0.0% |
| Reserves | 13 | €306,780 | €286,260 | -€20,520 | -6.7% |
| Non-distributable reserves | 130/1 | €306,780 | €286,260 | -€20,520 | -6.7% |
| Other | 1319 | €306,780 | €286,260 | -€20,520 | -6.7% |
| Profit (loss) carried forward | 14 | €301,189 | €301,193 | +€4 | 0.0% |
| Amounts payable | 17/49 | €178,100 | €241,901 | +€63,801 | +35.8% |
| Amounts payable after more than one year | 17 | €78,368 | €59,033 | -€19,336 | -24.7% |
| Financial debts | 170/4 | €78,368 | €59,033 | -€19,336 | -24.7% |
| Amounts payable within one year | 42/48 | €99,732 | €182,869 | +€83,137 | +83.4% |
| Current portion of amounts payable after more than one year | 42 | €18,601 | €21,181 | +€2,580 | +13.9% |
| Trade debts | 44 | €730 | €1,919 | +€1,188 | +163% |
| Suppliers | 440/4 | €730 | €1,919 | +€1,188 | +163% |
| Taxes, remuneration and social security | 45 | €12,203 | €25,566 | +€13,363 | +110% |
| Taxes | 450/3 | €12,203 | €22,850 | +€10,647 | +87.3% |
| Remuneration and social security | 454/9 | - | €2,716 | +€2,716 | |
| Other amounts payable | 47/48 | €68,198 | €134,204 | +€66,006 | +96.8% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €128,229 | €136,834 | +€8,605 | +6.7% |
| Operating profit (loss) | 9901 | €127,261 | €135,835 | +€8,574 | +6.7% |
| Financial income | 75/76B | - | €1,735 | +€1,735 | |
| Recurring financial income | 75 | - | €1,735 | +€1,735 | |
| Financial charges | 65/66B | €8,115 | €11,033 | +€2,918 | +36.0% |
| Recurring financial charges | 65 | €8,115 | €11,033 | +€2,918 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €119,146 | €126,538 | +€7,392 | +6.2% |
| Income taxes | 67/77 | €17,728 | €21,754 | +€4,027 | +22.7% |
| Profit (loss) for the period | 9904 | €101,418 | €104,784 | +€3,365 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,418 | €104,784 | +€3,365 | +3.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.