ALPHARD: 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.
ALPHARD
Largest movements
- Cash -€30,178
down €30,178 (-11.5%), from €262,301 to €232,123
mainly Contributions, distributions and other (-€340,142) and Tax, wage and social debts (-€9,248)
- Receivables within one year -€7,602
down €7,602 (-5.1%), from €148,564 to €140,962
of which Other amounts receivable: -€5,792
- Profit (loss) carried forward -€175,920
no longer reported in 2025 (was €175,920)
- Other debts +€148,057
up €148,057 (+69.6%), from €212,693 to €360,750
- Tax, wage and social debts -€9,248
down €9,248 (-68.9%), from €13,431 to €4,183
of which Remuneration and social security: -€8,049
- Gross operating margin +€2,170
up €2,170 (+1.0%), from €213,880 to €216,050
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 | €430,104 | €392,714 | -€37,390 | -8.7% |
| Fixed assets | 21/28 | €19,239 | €18,607 | -€632 | -3.3% |
| Tangible fixed assets | 22/27 | €19,054 | €18,422 | -€632 | -3.3% |
| Furniture and vehicles | 24 | €19,054 | €18,422 | -€632 | -3.3% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €410,865 | €374,107 | -€36,758 | -8.9% |
| Amounts receivable within one year | 40/41 | €148,564 | €140,962 | -€7,602 | -5.1% |
| Trade receivables | 40 | €30,911 | €29,101 | -€1,810 | -5.9% |
| Other amounts receivable | 41 | €117,653 | €111,861 | -€5,792 | -4.9% |
| Cash at bank and in hand | 54/58 | €262,301 | €232,123 | -€30,178 | -11.5% |
| Deferred charges and accrued income | 490/1 | - | €1,022 | +€1,022 | |
| Total equity and liabilities | 10/49 | €430,104 | €392,714 | -€37,390 | -8.7% |
| Equity | 10/15 | €196,380 | €20,460 | -€175,920 | -89.6% |
| 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 | €175,920 | - | -€175,920 | |
| Amounts payable | 17/49 | €233,724 | €372,254 | +€138,530 | +59.3% |
| Amounts payable within one year | 42/48 | €233,724 | €372,254 | +€138,530 | +59.3% |
| Trade debts | 44 | €7,600 | €7,321 | -€279 | -3.7% |
| Suppliers | 440/4 | €7,600 | €7,321 | -€279 | -3.7% |
| Taxes, remuneration and social security | 45 | €13,431 | €4,183 | -€9,248 | -68.9% |
| Taxes | 450/3 | €2,699 | €1,500 | -€1,199 | -44.4% |
| Remuneration and social security | 454/9 | €10,732 | €2,683 | -€8,049 | -75.0% |
| Other amounts payable | 47/48 | €212,693 | €360,750 | +€148,057 | +69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,808 | €632 | -€1,176 | -65.0% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €213,880 | €216,050 | +€2,170 | +1.0% |
| Operating profit (loss) | 9901 | €211,685 | €215,018 | +€3,333 | +1.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €368 | €773 | +€405 | +110% |
| Recurring financial charges | 65 | €368 | €773 | +€405 | +110% |
| Profit (loss) for the period before taxes | 9903 | €211,317 | €214,246 | +€2,929 | +1.4% |
| Income taxes | 67/77 | €49,199 | €50,024 | +€825 | +1.7% |
| Profit (loss) for the period | 9904 | €162,118 | €164,222 | +€2,104 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €162,118 | €164,222 | +€2,104 | +1.3% |
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 13 October 2026 via checked.be.