ALPHASSET: 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.
ALPHASSET
Largest movements
- Tangible fixed assets -€22,218
down €22,218 (-3.6%), from €622,559 to €600,341
of which Land and buildings: -€19,660
- Profit (loss) carried forward -€19,599
down €19,599 (-20.3%), from €96,534 to €76,935
- Gross operating margin +€5,015
up €5,015 (+225.8%), from €2,221 to €7,236
- Depreciation -€1,192
down €1,192 (-5.1%), from €23,410 to €22,218
- Financial charges +€134
up €134 (+5.4%), from €2,477 to €2,611
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 | €632,724 | €616,451 | -€16,272 | -2.6% |
| Fixed assets | 21/28 | €622,559 | €600,341 | -€22,218 | -3.6% |
| Tangible fixed assets | 22/27 | €622,559 | €600,341 | -€22,218 | -3.6% |
| Land and buildings | 22 | €620,001 | €600,341 | -€19,660 | -3.2% |
| Plant, machinery and equipment | 23 | €2,558 | €0 | -€2,558 | -100.0% |
| Current assets | 29/58 | €10,164 | €16,110 | +€5,946 | +58.5% |
| Amounts receivable within one year | 40/41 | €1,254 | €1,461 | +€207 | +16.5% |
| Other amounts receivable | 41 | €1,254 | €1,461 | +€207 | +16.5% |
| Cash at bank and in hand | 54/58 | €7,505 | €12,806 | +€5,301 | +70.6% |
| Deferred charges and accrued income | 490/1 | €1,405 | €1,843 | +€438 | +31.2% |
| Total equity and liabilities | 10/49 | €632,724 | €616,451 | -€16,272 | -2.6% |
| Equity | 10/15 | €196,534 | €176,935 | -€19,599 | -10.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,534 | €76,935 | -€19,599 | -20.3% |
| Amounts payable | 17/49 | €436,189 | €439,516 | +€3,327 | +0.8% |
| Amounts payable after more than one year | 17 | €427,323 | €431,611 | +€4,287 | +1.0% |
| Financial debts | 170/4 | €427,323 | €431,611 | +€4,287 | +1.0% |
| Amounts payable within one year | 42/48 | €6,552 | €7,612 | +€1,060 | +16.2% |
| Trade debts | 44 | €680 | €1,611 | +€931 | +137.0% |
| Suppliers | 440/4 | €680 | €1,611 | +€931 | +137.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,872 | €6,000 | +€129 | +2.2% |
| Accrued charges and deferred income | 492/3 | €2,314 | €293 | -€2,021 | -87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,410 | €22,218 | -€1,192 | -5.1% |
| Other operating charges | 640/8 | €1,944 | €2,005 | +€62 | +3.2% |
| Gross operating margin | 9900 | €2,221 | €7,236 | +€5,015 | +225.8% |
| Operating profit (loss) | 9901 | -€23,133 | -€16,988 | +€6,145 | +26.6% |
| Financial charges | 65/66B | €2,477 | €2,611 | +€134 | +5.4% |
| Recurring financial charges | 65 | €2,477 | €2,611 | +€134 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,610 | -€19,599 | +€6,011 | +23.5% |
| Profit (loss) for the period | 9904 | -€25,610 | -€19,599 | +€6,011 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,610 | -€19,599 | +€6,011 | +23.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.