ALPHASCAFF: 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.
ALPHASCAFF
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+96.9%), from €1.6m to €3.1m
of which Trade receivables: +€1.5m
- Tangible fixed assets +€205,430
up €205,430 (+15.5%), from €1.3m to €1.5m
of which Plant, machinery and equipment: +€218,896
- Cash +€135,549
up €135,549 (+2,421%), from €5,600 to €141,149
mainly Trade debts (+€1.2m) and Short-term financial debts (+€333,212)
- Trade debts +€1.2m
up €1.2m (+130%), from €927,188 to €2.1m
- Short-term financial debts +€333,212
up €333,212 (+154%), from €216,788 to €550,000
- Tax, wage and social debts +€141,753
up €141,753 (+81.7%), from €173,509 to €315,263
of which Remuneration and social security: +€98,385
- Debts after one year +€71,227
up €71,227 (+7.0%), from €1.0m to €1.1m
- Other debts +€48,241
up €48,241 (+965%), from €5,000 to €53,241
- Gross operating margin +€492,885
up €492,885 (+36.6%), from €1.3m to €1.8m
- Staff costs +€484,166
up €484,166 (+54.4%), from €889,288 to €1.4m
- Depreciation +€68,549
up €68,549 (+44.0%), from €155,880 to €224,429
- Write-downs +€62,473
up €62,473, from -€24,637 to €37,836
- Taxes -€57,056
down €57,056 (-80.9%), from €70,552 to €13,496
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 | €2,917,358 | €4,796,429 | +€1.9m | +64.4% |
| Fixed assets | 21/28 | €1,324,220 | €1,529,649 | +€205,430 | +15.5% |
| Tangible fixed assets | 22/27 | €1,323,813 | €1,529,243 | +€205,430 | +15.5% |
| Land and buildings | 22 | €918,744 | €877,789 | -€40,955 | -4.5% |
| Plant, machinery and equipment | 23 | €95,985 | €314,881 | +€218,896 | +228% |
| Furniture and vehicles | 24 | €259,677 | €269,178 | +€9,500 | +3.7% |
| Leasing and similar rights | 25 | €49,407 | €67,395 | +€17,988 | +36.4% |
| Financial fixed assets | 28 | €406 | €406 | = | 0.0% |
| Current assets | 29/58 | €1,593,138 | €3,266,780 | +€1.7m | +105% |
| Amounts receivable within one year | 40/41 | €1,585,695 | €3,122,295 | +€1.5m | +96.9% |
| Trade receivables | 40 | €1,562,489 | €3,081,945 | +€1.5m | +97.2% |
| Other amounts receivable | 41 | €23,206 | €40,350 | +€17,143 | +73.9% |
| Cash at bank and in hand | 54/58 | €5,600 | €141,149 | +€135,549 | +2,421% |
| Deferred charges and accrued income | 490/1 | €1,843 | €3,336 | +€1,493 | +81.0% |
| Total equity and liabilities | 10/49 | €2,917,358 | €4,796,429 | +€1.9m | +64.4% |
| Equity | 10/15 | €459,208 | €499,996 | +€40,789 | +8.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €449,208 | €489,996 | +€40,789 | +9.1% |
| Amounts payable | 17/49 | €2,458,150 | €4,296,433 | +€1.8m | +74.8% |
| Amounts payable after more than one year | 17 | €1,021,542 | €1,092,769 | +€71,227 | +7.0% |
| Financial debts | 170/4 | €1,021,542 | €1,092,769 | +€71,227 | +7.0% |
| Amounts payable within one year | 42/48 | €1,433,449 | €3,199,839 | +€1.8m | +123% |
| Current portion of amounts payable after more than one year | 42 | €110,964 | €147,988 | +€37,025 | +33.4% |
| Financial debts | 43 | €216,788 | €550,000 | +€333,212 | +154% |
| Credit institutions | 430/8 | €216,788 | €550,000 | +€333,212 | +154% |
| Trade debts | 44 | €927,188 | €2,133,347 | +€1.2m | +130% |
| Suppliers | 440/4 | €927,188 | €2,133,347 | +€1.2m | +130% |
| Taxes, remuneration and social security | 45 | €173,509 | €315,263 | +€141,753 | +81.7% |
| Taxes | 450/3 | €136,669 | €180,038 | +€43,369 | +31.7% |
| Remuneration and social security | 454/9 | €36,840 | €135,225 | +€98,385 | +267% |
| Other amounts payable | 47/48 | €5,000 | €53,241 | +€48,241 | +965% |
| Accrued charges and deferred income | 492/3 | €3,159 | €3,825 | +€666 | +21.1% |
| Non-recurring operating income | 76A | - | €18,113 | +€18,113 | |
| Remuneration, social security and pensions | 62 | €889,288 | €1,373,454 | +€484,166 | +54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,880 | €224,429 | +€68,549 | +44.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€24,637 | €37,836 | +€62,473 | |
| Other operating charges | 640/8 | €49,592 | €78,290 | +€28,698 | +57.9% |
| Non-recurring operating charges | 66A | €5,063 | - | -€5,063 | |
| Gross operating margin | 9900 | €1,346,808 | €1,839,692 | +€492,885 | +36.6% |
| Operating profit (loss) | 9901 | €271,622 | €125,684 | -€145,939 | -53.7% |
| Financial income | 75/76B | €910 | €3,384 | +€2,474 | +272% |
| Recurring financial income | 75 | €910 | €3,384 | +€2,474 | +272% |
| Financial charges | 65/66B | €35,630 | €74,783 | +€39,154 | +110% |
| Recurring financial charges | 65 | €35,630 | €74,783 | +€39,154 | +110% |
| Profit (loss) for the period before taxes | 9903 | €236,903 | €54,285 | -€182,618 | -77.1% |
| Income taxes | 67/77 | €70,552 | €13,496 | -€57,056 | -80.9% |
| Profit (loss) for the period | 9904 | €166,351 | €40,789 | -€125,562 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €166,351 | €40,789 | -€125,562 | -75.5% |
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 19 October 2026 via checked.be.