ALPHAXIS: 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.
ALPHAXIS
Largest movements
- Cash +€43,785
up €43,785 (+191%), from €22,902 to €66,688
mainly Net result for the year (+€76,773) and Depreciation (+€24,031)
- Tangible fixed assets +€21,043
up €21,043 (+98.6%), from €21,347 to €42,389
of which Furniture and vehicles: +€41,734
- Receivables within one year -€7,744
no longer reported in 2026 (was €7,744)
- Profit (loss) carried forward +€43,773
up €43,773, from -€42,972 to €801
- Other debts -€42,336
down €42,336 (-73.4%), from €57,687 to €15,351
- Reserves +€33,000
up €33,000 (+176%), from €18,750 to €51,750
of which Distributable reserves: +€33,000
- Tax, wage and social debts +€13,751
up €13,751 (+323%), from €4,254 to €18,004
of which Taxes: +€8,591
- Trade debts +€8,854
up €8,854 (+1,481%), from €598 to €9,452
- Gross operating margin +€53,495
up €53,495 (+91.7%), from €58,318 to €111,813
- Taxes +€5,023
up €5,023 (+3,682%), from €136 to €5,159
- Depreciation +€2,649
up €2,649 (+12.4%), from €21,382 to €24,031
- Other operating charges +€1,730
up €1,730 (+42.5%), from €4,072 to €5,802
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,971 | €110,012 | +€57,042 | +108% |
| Fixed assets | 21/28 | €21,403 | €42,445 | +€21,043 | +98.3% |
| Tangible fixed assets | 22/27 | €21,347 | €42,389 | +€21,043 | +98.6% |
| Land and buildings | 22 | €20,691 | - | -€20,691 | |
| Furniture and vehicles | 24 | €656 | €42,389 | +€41,734 | +6,366% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €31,568 | €67,567 | +€35,999 | +114% |
| Amounts receivable within one year | 40/41 | €7,744 | - | -€7,744 | |
| Trade receivables | 40 | €7,744 | - | -€7,744 | |
| Cash at bank and in hand | 54/58 | €22,902 | €66,688 | +€43,785 | +191% |
| Deferred charges and accrued income | 490/1 | €922 | €879 | -€42 | -4.6% |
| Total equity and liabilities | 10/49 | €52,971 | €110,012 | +€57,042 | +108% |
| Equity | 10/15 | -€9,567 | €67,205 | +€76,773 | |
| Contributions | 10/11 | €14,655 | €14,655 | = | 0.0% |
| Reserves | 13 | €18,750 | €51,750 | +€33,000 | +176% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | - | €33,000 | +€33,000 | |
| Profit (loss) carried forward | 14 | -€42,972 | €801 | +€43,773 | |
| Amounts payable | 17/49 | €62,538 | €42,807 | -€19,731 | -31.6% |
| Amounts payable within one year | 42/48 | €62,538 | €42,807 | -€19,731 | -31.6% |
| Trade debts | 44 | €598 | €9,452 | +€8,854 | +1,481% |
| Suppliers | 440/4 | €598 | €9,452 | +€8,854 | +1,481% |
| Taxes, remuneration and social security | 45 | €4,254 | €18,004 | +€13,751 | +323% |
| Taxes | 450/3 | €4,254 | €12,845 | +€8,591 | +202% |
| Remuneration and social security | 454/9 | - | €5,159 | +€5,159 | |
| Other amounts payable | 47/48 | €57,687 | €15,351 | -€42,336 | -73.4% |
| Non-recurring operating income | 76A | - | €11,570 | +€11,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,382 | €24,031 | +€2,649 | +12.4% |
| Other operating charges | 640/8 | €4,072 | €5,802 | +€1,730 | +42.5% |
| Gross operating margin | 9900 | €58,318 | €111,813 | +€53,495 | +91.7% |
| Operating profit (loss) | 9901 | €32,863 | €81,980 | +€49,116 | +149% |
| Financial charges | 65/66B | €55 | €48 | -€7 | -12.8% |
| Recurring financial charges | 65 | €55 | €48 | -€7 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €32,809 | €81,932 | +€49,123 | +150% |
| Income taxes | 67/77 | €136 | €5,159 | +€5,023 | +3,682% |
| Profit (loss) for the period | 9904 | €32,672 | €76,773 | +€44,100 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €32,672 | €76,773 | +€44,100 | +135% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.