ALPHEX IMMO: 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.
ALPHEX IMMO
Largest movements
- Tangible fixed assets -€10,611
down €10,611 (-2.9%), from €360,792 to €350,181
of which Land and buildings: -€11,675
- Receivables within one year -€5,823
down €5,823 (-70.1%), from €8,303 to €2,480
of which Other amounts receivable: -€6,668
- Other debts -€56,955
down €56,955 (-64.2%), from €88,733 to €31,778
- Debts after one year +€26,165
up €26,165 (+10.3%), from €254,678 to €280,843
- Trade debts +€7,599
up €7,599 (+45.9%), from €16,565 to €24,163
- Current portion of long-term debt +€4,405
up €4,405 (+40.4%), from €10,916 to €15,321
- Profit (loss) carried forward +€3,807
up €3,807 (+35.2%), from -€10,817 to -€7,010
- Gross operating margin +€28,512
up €28,512 (+682.0%), from €4,181 to €32,693
- Financial charges +€8,862
up €8,862 (+215.3%), from €4,116 to €12,978
- Depreciation +€7,174
up €7,174 (+103.3%), from €6,945 to €14,119
- Other operating charges -€2,148
down €2,148 (-54.6%), from €3,937 to €1,789
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 | €372,254 | €358,988 | -€13,266 | -3.6% |
| Formation expenses | 20 | €1,411 | €1,007 | -€404 | -28.6% |
| Fixed assets | 21/28 | €360,792 | €350,181 | -€10,611 | -2.9% |
| Tangible fixed assets | 22/27 | €360,792 | €350,181 | -€10,611 | -2.9% |
| Land and buildings | 22 | €341,029 | €329,354 | -€11,675 | -3.4% |
| Plant, machinery and equipment | 23 | €19,763 | €20,828 | +€1,065 | +5.4% |
| Current assets | 29/58 | €10,051 | €7,799 | -€2,252 | -22.4% |
| Amounts receivable within one year | 40/41 | €8,303 | €2,480 | -€5,823 | -70.1% |
| Trade receivables | 40 | €1,147 | €1,993 | +€845 | +73.7% |
| Other amounts receivable | 41 | €7,156 | €487 | -€6,668 | -93.2% |
| Cash at bank and in hand | 54/58 | €609 | €3,607 | +€2,999 | +492.7% |
| Deferred charges and accrued income | 490/1 | €1,140 | €1,712 | +€572 | +50.2% |
| Total equity and liabilities | 10/49 | €372,254 | €358,988 | -€13,266 | -3.6% |
| Equity | 10/15 | €1,183 | €4,990 | +€3,807 | +321.9% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,817 | -€7,010 | +€3,807 | +35.2% |
| Amounts payable | 17/49 | €371,071 | €353,998 | -€17,073 | -4.6% |
| Amounts payable after more than one year | 17 | €254,678 | €280,843 | +€26,165 | +10.3% |
| Financial debts | 170/4 | €254,678 | €280,843 | +€26,165 | +10.3% |
| Amounts payable within one year | 42/48 | €116,393 | €73,155 | -€43,238 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €10,916 | €15,321 | +€4,405 | +40.4% |
| Trade debts | 44 | €16,565 | €24,163 | +€7,599 | +45.9% |
| Suppliers | 440/4 | €16,565 | €24,163 | +€7,599 | +45.9% |
| Taxes, remuneration and social security | 45 | €179 | €1,892 | +€1,713 | +956.6% |
| Taxes | 450/3 | €179 | €1,892 | +€1,713 | +956.6% |
| Other amounts payable | 47/48 | €88,733 | €31,778 | -€56,955 | -64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,945 | €14,119 | +€7,174 | +103.3% |
| Other operating charges | 640/8 | €3,937 | €1,789 | -€2,148 | -54.6% |
| Gross operating margin | 9900 | €4,181 | €32,693 | +€28,512 | +682.0% |
| Operating profit (loss) | 9901 | -€6,701 | €16,785 | +€23,486 | |
| Financial charges | 65/66B | €4,116 | €12,978 | +€8,862 | +215.3% |
| Recurring financial charges | 65 | €4,116 | €12,978 | +€8,862 | +215.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,817 | €3,807 | +€14,624 | |
| Profit (loss) for the period | 9904 | -€10,817 | €3,807 | +€14,624 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,817 | €3,807 | +€14,624 |
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.