Alphi: 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.
Alphi
Largest movements
- Receivables within one year -€106,329
down €106,329 (-73.2%), from €145,200 to €38,871
of which Trade receivables: -€108,900
- Debts after one year -€144,857
down €144,857 (-18.3%), from €790,730 to €645,873
- Profit (loss) carried forward +€109,373
up €109,373 (+24.7%), from €443,661 to €553,034
- Tax, wage and social debts -€60,535
down €60,535 (-44.7%), from €135,440 to €74,904
- Taxes -€5,765
down €5,765 (-14.3%), from €40,418 to €34,653
- Financial charges -€2,272
down €2,272 (-12.1%), from €18,707 to €16,435
- Gross operating margin -€2,207
down €2,207 (-1.3%), from €166,032 to €163,825
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 | €1,672,093 | €1,565,914 | -€106,179 | -6.4% |
| Formation expenses | 20 | €184 | €0 | -€184 | -100% |
| Fixed assets | 21/28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €171,909 | €65,914 | -€105,995 | -61.7% |
| Amounts receivable within one year | 40/41 | €145,200 | €38,871 | -€106,329 | -73.2% |
| Trade receivables | 40 | €145,200 | €36,300 | -€108,900 | -75.0% |
| Other amounts receivable | 41 | - | €2,571 | +€2,571 | |
| Cash at bank and in hand | 54/58 | €26,709 | €27,043 | +€334 | +1.2% |
| Total equity and liabilities | 10/49 | €1,672,093 | €1,565,914 | -€106,179 | -6.4% |
| Equity | 10/15 | €448,661 | €558,034 | +€109,373 | +24.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €443,661 | €553,034 | +€109,373 | +24.7% |
| Amounts payable | 17/49 | €1,223,432 | €1,007,880 | -€215,552 | -17.6% |
| Amounts payable after more than one year | 17 | €790,730 | €645,873 | -€144,857 | -18.3% |
| Financial debts | 170/4 | €790,730 | €645,873 | -€144,857 | -18.3% |
| Amounts payable within one year | 42/48 | €422,702 | €347,006 | -€75,695 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €143,847 | €144,857 | +€1,010 | +0.7% |
| Trade debts | 44 | €3,120 | €120 | -€3,000 | -96.2% |
| Suppliers | 440/4 | €3,120 | €120 | -€3,000 | -96.2% |
| Taxes, remuneration and social security | 45 | €135,440 | €74,904 | -€60,535 | -44.7% |
| Taxes | 450/3 | €135,440 | €74,904 | -€60,535 | -44.7% |
| Other amounts payable | 47/48 | €140,295 | €127,125 | -€13,170 | -9.4% |
| Accrued charges and deferred income | 492/3 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184 | €184 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,211 | €3,180 | -€31 | -1.0% |
| Gross operating margin | 9900 | €166,032 | €163,825 | -€2,207 | -1.3% |
| Operating profit (loss) | 9901 | €162,637 | €160,461 | -€2,176 | -1.3% |
| Financial charges | 65/66B | €18,707 | €16,435 | -€2,272 | -12.1% |
| Recurring financial charges | 65 | €18,707 | €16,435 | -€2,272 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €143,930 | €144,027 | +€96 | +0.1% |
| Income taxes | 67/77 | €40,418 | €34,653 | -€5,765 | -14.3% |
| Profit (loss) for the period | 9904 | €103,512 | €109,373 | +€5,861 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,512 | €109,373 | +€5,861 | +5.7% |
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 26 October 2026 via checked.be.