ALPHASCIENCE RESEARCH: 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.
ALPHASCIENCE RESEARCH
Largest movements
- Receivables within one year -€35,581
down €35,581 (-59.2%), from €60,079 to €24,497
of which Trade receivables: -€37,000
- Intangible fixed assets -€3,639
down €3,639 (-11.1%), from €32,753 to €29,114
- Cash +€3,397
up €3,397 (+411%), from €827 to €4,224
mainly Receivables within one year (+€35,581) and Trade debts (+€4,083)
- Profit (loss) carried forward -€40,871
down €40,871, from €23,468 to -€17,404
- Trade debts +€4,083
up €4,083 (+19.5%), from €20,984 to €25,067
- Gross operating margin -€86,046
down €86,046 (-57.6%), from €149,511 to €63,465
- Staff costs +€4,345
up €4,345 (+4.8%), from €90,768 to €95,112
- Other operating charges +€4,066
up €4,066 (+365%), from €1,114 to €5,180
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 | €179,259 | €142,995 | -€36,263 | -20.2% |
| Fixed assets | 21/28 | €32,913 | €29,274 | -€3,639 | -11.1% |
| Intangible fixed assets | 21 | €32,753 | €29,114 | -€3,639 | -11.1% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €146,346 | €113,721 | -€32,624 | -22.3% |
| Amounts receivable after more than one year | 29 | €85,000 | €85,000 | = | 0.0% |
| Other amounts receivable | 291 | €85,000 | €85,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,079 | €24,497 | -€35,581 | -59.2% |
| Trade receivables | 40 | €38,000 | €1,000 | -€37,000 | -97.4% |
| Other amounts receivable | 41 | €22,079 | €23,497 | +€1,419 | +6.4% |
| Cash at bank and in hand | 54/58 | €827 | €4,224 | +€3,397 | +411% |
| Deferred charges and accrued income | 490/1 | €440 | - | -€440 | |
| Total equity and liabilities | 10/49 | €179,259 | €142,995 | -€36,263 | -20.2% |
| Equity | 10/15 | €139,468 | €98,596 | -€40,871 | -29.3% |
| Contributions | 10/11 | €116,000 | €116,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,468 | -€17,404 | -€40,871 | |
| Amounts payable | 17/49 | €39,791 | €44,399 | +€4,608 | +11.6% |
| Amounts payable within one year | 42/48 | €39,791 | €44,399 | +€4,608 | +11.6% |
| Financial debts | 43 | €9 | €24 | +€15 | +169% |
| Credit institutions | 430/8 | €9 | €24 | +€15 | +169% |
| Trade debts | 44 | €20,984 | €25,067 | +€4,083 | +19.5% |
| Suppliers | 440/4 | €20,984 | €25,067 | +€4,083 | +19.5% |
| Taxes, remuneration and social security | 45 | €18,798 | €19,308 | +€509 | +2.7% |
| Remuneration and social security | 454/9 | €18,798 | €19,308 | +€509 | +2.7% |
| Remuneration, social security and pensions | 62 | €90,768 | €95,112 | +€4,345 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,639 | €3,639 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,114 | €5,180 | +€4,066 | +365% |
| Non-recurring operating charges | 66A | €152 | - | -€152 | |
| Gross operating margin | 9900 | €149,511 | €63,465 | -€86,046 | -57.6% |
| Operating profit (loss) | 9901 | €53,838 | -€40,467 | -€94,305 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €389 | €404 | +€15 | +3.8% |
| Recurring financial charges | 65 | €389 | €404 | +€15 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €53,456 | -€40,871 | -€94,327 | |
| Profit (loss) for the period | 9904 | €53,456 | -€40,871 | -€94,327 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,456 | -€40,871 | -€94,327 |
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 16 October 2026 via checked.be.