ALPHEE: 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.
ALPHEE
Largest movements
- Receivables within one year -€27,042
down €27,042 (-85.9%), from €31,492 to €4,450
of which Other amounts receivable: -€17,743
- Tangible fixed assets -€26,682
down €26,682 (-4.3%), from €617,089 to €590,407
of which Land and buildings: -€16,655
- Deferred charges and accrued income +€14,645
up €14,645 (+2001.0%), from €732 to €15,377
- Profit (loss) carried forward -€52,457
down €52,457 (-79.3%), from €66,158 to €13,700
- Other debts +€17,722
up €17,722 (+20.4%), from €86,700 to €104,422
- Trade debts +€10,817
up €10,817 (+122.3%), from €8,842 to €19,659
- Reserves -€9,347
down €9,347 (-10.9%), from €85,853 to €76,506
of which Tax-exempt reserves: -€9,347
- Gross operating margin -€48,232
down €48,232, from €25,880 to -€22,352
- Other operating charges -€5,216
down €5,216 (-23.2%), from €22,528 to €17,312
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 | €649,611 | €610,234 | -€39,377 | -6.1% |
| Fixed assets | 21/28 | €617,089 | €590,407 | -€26,682 | -4.3% |
| Tangible fixed assets | 22/27 | €617,089 | €590,407 | -€26,682 | -4.3% |
| Land and buildings | 22 | €561,619 | €544,964 | -€16,655 | -3.0% |
| Plant, machinery and equipment | 23 | €33,177 | €27,398 | -€5,779 | -17.4% |
| Furniture and vehicles | 24 | €22,293 | €18,045 | -€4,248 | -19.1% |
| Current assets | 29/58 | €32,522 | €19,827 | -€12,695 | -39.0% |
| Amounts receivable within one year | 40/41 | €31,492 | €4,450 | -€27,042 | -85.9% |
| Trade receivables | 40 | €13,749 | €4,450 | -€9,299 | -67.6% |
| Other amounts receivable | 41 | €17,743 | €0 | -€17,743 | -100.0% |
| Cash at bank and in hand | 54/58 | €298 | €0 | -€298 | -100.0% |
| Deferred charges and accrued income | 490/1 | €732 | €15,377 | +€14,645 | +2001.0% |
| Total equity and liabilities | 10/49 | €649,611 | €610,234 | -€39,377 | -6.1% |
| Equity | 10/15 | €523,960 | €462,706 | -€61,254 | -11.7% |
| Contributions | 10/11 | €371,950 | €372,500 | +€550 | +0.1% |
| Reserves | 13 | €85,853 | €76,506 | -€9,347 | -10.9% |
| Non-distributable reserves | 130/1 | €14,409 | €14,409 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,409 | €14,409 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,443 | €62,096 | -€9,347 | -13.1% |
| Profit (loss) carried forward | 14 | €66,158 | €13,700 | -€52,457 | -79.3% |
| Provisions and deferred taxes | 16 | €27,459 | €22,647 | -€4,813 | -17.5% |
| Deferred taxes | 168 | €27,459 | €22,647 | -€4,813 | -17.5% |
| Amounts payable | 17/49 | €98,191 | €124,881 | +€26,690 | +27.2% |
| Amounts payable within one year | 42/48 | €95,541 | €124,531 | +€28,990 | +30.3% |
| Financial debts | 43 | - | €451 | +€451 | |
| Credit institutions | 430/8 | - | €451 | +€451 | |
| Trade debts | 44 | €8,842 | €19,659 | +€10,817 | +122.3% |
| Suppliers | 440/4 | €8,842 | €19,659 | +€10,817 | +122.3% |
| Other amounts payable | 47/48 | €86,700 | €104,422 | +€17,722 | +20.4% |
| Accrued charges and deferred income | 492/3 | €2,650 | €350 | -€2,300 | -86.8% |
| Non-recurring operating income | 76A | €6,977 | €0 | -€6,977 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,566 | €26,682 | +€116 | +0.4% |
| Other operating charges | 640/8 | €22,528 | €17,312 | -€5,216 | -23.2% |
| Gross operating margin | 9900 | €25,880 | -€22,352 | -€48,232 | |
| Operating profit (loss) | 9901 | -€23,215 | -€66,346 | -€43,131 | -185.8% |
| Financial income | 75/76B | €0 | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | |
| Financial charges | 65/66B | €84 | €275 | +€191 | +226.5% |
| Recurring financial charges | 65 | €84 | €275 | +€191 | +226.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,299 | -€66,617 | -€43,318 | -185.9% |
| Transfer from deferred taxes | 780 | €4,813 | €4,813 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€18,486 | -€61,804 | -€43,318 | -234.3% |
| Transfer from tax-exempt reserves | 789 | €9,347 | €9,347 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,139 | -€52,457 | -€43,318 | -474.0% |
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 8 October 2026 via checked.be.