ALPHAWARE: 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.
ALPHAWARE
Largest movements
- Tangible fixed assets +€104,072
up €104,072 (+29.7%), from €350,360 to €454,432
of which Land and buildings: +€115,211
- Cash -€28,142
down €28,142 (-21.5%), from €131,064 to €102,922
mainly Investment in fixed assets (net) (-€122,357) and Contributions, distributions and other (-€18,329)
- Debts after one year +€59,258
up €59,258 (+20.2%), from €292,919 to €352,177
- Reserves -€29,359
down €29,359 (-22.3%), from €131,892 to €102,533
of which Distributable reserves: -€27,499
- Current portion of long-term debt +€18,099
up €18,099 (+247.3%), from €7,320 to €25,419
- Contributions +€14,060
up €14,060 (+219.7%), from €6,400 to €20,460
- Other debts +€11,183
up €11,183 (+15.1%), from €74,237 to €85,420
- Gross operating margin -€8,839
down €8,839 (-18.7%), from €47,254 to €38,415
- Depreciation -€7,114
down €7,114 (-28.0%), from €25,399 to €18,285
- Financial charges +€3,522
up €3,522 (+34.1%), from €10,319 to €13,841
- Taxes -€1,160
down €1,160 (-23.5%), from €4,939 to €3,779
- Financial income +€1,051
new in 2025: €1,051
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 | €516,492 | €594,932 | +€78,440 | +15.2% |
| Fixed assets | 21/28 | €350,360 | €454,432 | +€104,072 | +29.7% |
| Tangible fixed assets | 22/27 | €350,360 | €454,432 | +€104,072 | +29.7% |
| Land and buildings | 22 | €292,326 | €407,537 | +€115,211 | +39.4% |
| Furniture and vehicles | 24 | €58,034 | €46,895 | -€11,139 | -19.2% |
| Current assets | 29/58 | €166,132 | €140,500 | -€25,632 | -15.4% |
| Amounts receivable within one year | 40/41 | €35,068 | €37,578 | +€2,510 | +7.2% |
| Trade receivables | 40 | €14,605 | €16,565 | +€1,960 | +13.4% |
| Other amounts receivable | 41 | €20,463 | €21,013 | +€550 | +2.7% |
| Cash at bank and in hand | 54/58 | €131,064 | €102,922 | -€28,142 | -21.5% |
| Total equity and liabilities | 10/49 | €516,492 | €594,932 | +€78,440 | +15.2% |
| Equity | 10/15 | €138,292 | €122,993 | -€15,299 | -11.1% |
| Contributions | 10/11 | €6,400 | €20,460 | +€14,060 | +219.7% |
| Outside capital | 11 | €6,400 | €20,460 | +€14,060 | +219.7% |
| Share premium | 1100/10 | - | €20,460 | +€20,460 | |
| Other | 1109/19 | €6,400 | - | -€6,400 | |
| Reserves | 13 | €131,892 | €102,533 | -€29,359 | -22.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €130,032 | €102,533 | -€27,499 | -21.1% |
| Amounts payable | 17/49 | €378,200 | €471,939 | +€93,739 | +24.8% |
| Amounts payable after more than one year | 17 | €292,919 | €352,177 | +€59,258 | +20.2% |
| Financial debts | 170/4 | €292,919 | €352,177 | +€59,258 | +20.2% |
| Amounts payable within one year | 42/48 | €85,281 | €119,762 | +€34,481 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €7,320 | €25,419 | +€18,099 | +247.3% |
| Trade debts | 44 | €809 | €6,406 | +€5,597 | +691.8% |
| Suppliers | 440/4 | €809 | €6,406 | +€5,597 | +691.8% |
| Taxes, remuneration and social security | 45 | €2,915 | €2,517 | -€398 | -13.7% |
| Taxes | 450/3 | €2,915 | €2,517 | -€398 | -13.7% |
| Other amounts payable | 47/48 | €74,237 | €85,420 | +€11,183 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,399 | €18,285 | -€7,114 | -28.0% |
| Other operating charges | 640/8 | €525 | €531 | +€6 | +1.1% |
| Gross operating margin | 9900 | €47,254 | €38,415 | -€8,839 | -18.7% |
| Operating profit (loss) | 9901 | €21,330 | €19,599 | -€1,731 | -8.1% |
| Financial income | 75/76B | - | €1,051 | +€1,051 | |
| Recurring financial income | 75 | - | €1,051 | +€1,051 | |
| Financial charges | 65/66B | €10,319 | €13,841 | +€3,522 | +34.1% |
| Recurring financial charges | 65 | €10,319 | €13,841 | +€3,522 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €11,011 | €6,809 | -€4,202 | -38.2% |
| Income taxes | 67/77 | €4,939 | €3,779 | -€1,160 | -23.5% |
| Profit (loss) for the period | 9904 | €6,072 | €3,030 | -€3,042 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,072 | €3,030 | -€3,042 | -50.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.