ALPHASSUR VERZEKERINGEN: 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.
ALPHASSUR VERZEKERINGEN
Largest movements
- Intangible fixed assets -€61,740
down €61,740 (-15.1%), from €407,816 to €346,076
- Cash +€31,628
up €31,628 (+380%), from €8,333 to €39,961
mainly Depreciation (+€67,763) and Net result for the year (+€57,414)
- Tangible fixed assets +€9,977
up €9,977 (+299%), from €3,334 to €13,311
- Debts after one year -€80,778
down €80,778 (-18.1%), from €446,188 to €365,411
- Reserves +€57,414
up €57,414 (+31.8%), from €180,704 to €238,119
- Financial income +€18,619
up €18,619 (+957%), from €1,945 to €20,565
- Gross operating margin -€8,640
down €8,640 (-4.3%), from €202,998 to €194,358
- Depreciation +€4,807
up €4,807 (+7.6%), from €62,956 to €67,763
- Taxes -€3,704
down €3,704 (-18.1%), from €20,441 to €16,737
- Staff costs +€3,619
up €3,619 (+5.8%), from €61,898 to €65,517
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 | €783,869 | €767,957 | -€15,913 | -2.0% |
| Fixed assets | 21/28 | €650,050 | €598,287 | -€51,763 | -8.0% |
| Intangible fixed assets | 21 | €407,816 | €346,076 | -€61,740 | -15.1% |
| Tangible fixed assets | 22/27 | €3,334 | €13,311 | +€9,977 | +299% |
| Furniture and vehicles | 24 | €3,334 | €13,311 | +€9,977 | +299% |
| Financial fixed assets | 28 | €238,900 | €238,900 | = | 0.0% |
| Current assets | 29/58 | €133,819 | €169,670 | +€35,851 | +26.8% |
| Amounts receivable within one year | 40/41 | €22,987 | €27,513 | +€4,527 | +19.7% |
| Trade receivables | 40 | €22,987 | €27,513 | +€4,527 | +19.7% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,333 | €39,961 | +€31,628 | +380% |
| Deferred charges and accrued income | 490/1 | €2,500 | €2,195 | -€304 | -12.2% |
| Total equity and liabilities | 10/49 | €783,869 | €767,957 | -€15,913 | -2.0% |
| Equity | 10/15 | €230,704 | €288,119 | +€57,414 | +24.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €180,704 | €238,119 | +€57,414 | +31.8% |
| Distributable reserves | 133 | €180,704 | €238,119 | +€57,414 | +31.8% |
| Amounts payable | 17/49 | €553,165 | €479,838 | -€73,327 | -13.3% |
| Amounts payable after more than one year | 17 | €446,188 | €365,411 | -€80,778 | -18.1% |
| Financial debts | 170/4 | €446,188 | €365,411 | -€80,778 | -18.1% |
| Amounts payable within one year | 42/48 | €106,976 | €114,427 | +€7,451 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €79,860 | €80,778 | +€918 | +1.1% |
| Trade debts | 44 | €7,059 | €9,832 | +€2,773 | +39.3% |
| Suppliers | 440/4 | €7,059 | €9,832 | +€2,773 | +39.3% |
| Taxes, remuneration and social security | 45 | €13,407 | €18,922 | +€5,515 | +41.1% |
| Taxes | 450/3 | €5,057 | €11,071 | +€6,014 | +119% |
| Remuneration and social security | 454/9 | €8,351 | €7,851 | -€499 | -6.0% |
| Other amounts payable | 47/48 | €6,651 | €4,896 | -€1,755 | -26.4% |
| Remuneration, social security and pensions | 62 | €61,898 | €65,517 | +€3,619 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,956 | €67,763 | +€4,807 | +7.6% |
| Other operating charges | 640/8 | €805 | €1,628 | +€823 | +102% |
| Gross operating margin | 9900 | €202,998 | €194,358 | -€8,640 | -4.3% |
| Operating profit (loss) | 9901 | €77,339 | €59,450 | -€17,890 | -23.1% |
| Financial income | 75/76B | €1,945 | €20,565 | +€18,619 | +957% |
| Recurring financial income | 75 | €1,945 | €20,565 | +€18,619 | +957% |
| Financial charges | 65/66B | €6,566 | €5,863 | -€702 | -10.7% |
| Recurring financial charges | 65 | €6,566 | €5,863 | -€702 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €72,719 | €74,151 | +€1,432 | +2.0% |
| Income taxes | 67/77 | €20,441 | €16,737 | -€3,704 | -18.1% |
| Profit (loss) for the period | 9904 | €52,278 | €57,414 | +€5,136 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,278 | €57,414 | +€5,136 | +9.8% |
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 31 October 2026 via checked.be.