ALPHIE: 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.
ALPHIE
Largest movements
- Tangible fixed assets +€159,173
up €159,173 (+33.9%), from €469,019 to €628,192
of which Land and buildings: +€518,192
- Current investments +€75,000
up €75,000 (+30.0%), from €250,000 to €325,000
- Reserves +€306,158
up €306,158 (+33.9%), from €903,447 to €1.2m
of which Distributable reserves: +€273,591
- Debts after one year -€29,167
down €29,167 (-100.0%), from €29,167 to €0
- Current portion of long-term debt -€20,833
down €20,833 (-41.7%), from €50,000 to €29,167
- Other debts -€15,400
down €15,400 (-100.0%), from €15,400 to €0
- Taxes -€7,750
down €7,750 (-8.0%), from €96,308 to €88,558
- Financial income +€7,610
up €7,610 (+107.9%), from €7,054 to €14,664
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 | €1,037,502 | €1,275,454 | +€237,952 | +22.9% |
| Fixed assets | 21/28 | €469,019 | €628,192 | +€159,173 | +33.9% |
| Tangible fixed assets | 22/27 | €469,019 | €628,192 | +€159,173 | +33.9% |
| Land and buildings | 22 | €110,000 | €628,192 | +€518,192 | +471.1% |
| Other tangible fixed assets | 26 | €359,019 | - | -€359,019 | |
| Current assets | 29/58 | €568,483 | €647,262 | +€78,779 | +13.9% |
| Amounts receivable within one year | 40/41 | €3,519 | €12,784 | +€9,265 | +263.3% |
| Other amounts receivable | 41 | €3,519 | €12,784 | +€9,265 | +263.3% |
| Current investments | 50/53 | €250,000 | €325,000 | +€75,000 | +30.0% |
| Cash at bank and in hand | 54/58 | €314,964 | €304,053 | -€10,911 | -3.5% |
| Deferred charges and accrued income | 490/1 | €0 | €5,425 | +€5,425 | |
| Total equity and liabilities | 10/49 | €1,037,502 | €1,275,454 | +€237,952 | +22.9% |
| Equity | 10/15 | €908,447 | €1,214,606 | +€306,158 | +33.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €903,447 | €1,209,606 | +€306,158 | +33.9% |
| Tax-exempt reserves | 132 | €210,500 | €243,068 | +€32,568 | +15.5% |
| Distributable reserves | 133 | €692,947 | €966,538 | +€273,591 | +39.5% |
| Amounts payable | 17/49 | €129,055 | €60,848 | -€68,207 | -52.9% |
| Amounts payable after more than one year | 17 | €29,167 | €0 | -€29,167 | -100.0% |
| Financial debts | 170/4 | €29,167 | €0 | -€29,167 | -100.0% |
| Amounts payable within one year | 42/48 | €99,888 | €59,221 | -€40,668 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €29,167 | -€20,833 | -41.7% |
| Trade debts | 44 | €1,459 | €6,342 | +€4,883 | +334.5% |
| Suppliers | 440/4 | €1,459 | €6,342 | +€4,883 | +334.5% |
| Taxes, remuneration and social security | 45 | €33,029 | €23,712 | -€9,317 | -28.2% |
| Taxes | 450/3 | €33,029 | €23,712 | -€9,317 | -28.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,400 | €0 | -€15,400 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,628 | +€1,628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,335 | €21,251 | +€1,916 | +9.9% |
| Other operating charges | 640/8 | €2,409 | €2,049 | -€360 | -14.9% |
| Gross operating margin | 9900 | €408,139 | €406,051 | -€2,088 | -0.5% |
| Operating profit (loss) | 9901 | €386,395 | €382,751 | -€3,645 | -0.9% |
| Financial income | 75/76B | €7,054 | €14,664 | +€7,610 | +107.9% |
| Recurring financial income | 75 | €7,054 | €14,664 | +€7,610 | +107.9% |
| Financial charges | 65/66B | €4,783 | €2,698 | -€2,085 | -43.6% |
| Recurring financial charges | 65 | €4,783 | €2,698 | -€2,085 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €388,666 | €394,716 | +€6,050 | +1.6% |
| Income taxes | 67/77 | €96,308 | €88,558 | -€7,750 | -8.0% |
| Profit (loss) for the period | 9904 | €292,358 | €306,158 | +€13,800 | +4.7% |
| Transfer from tax-exempt reserves | 789 | - | €30,582 | +€30,582 | |
| Transfer to tax-exempt reserves | 689 | €63,150 | €63,150 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €229,208 | €273,591 | +€44,382 | +19.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.