ALPHONSE BOCK: 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.
ALPHONSE BOCK
Largest movements
- Stocks and contracts -€210,500
down €210,500 (-36.5%), from €576,054 to €365,554
- Receivables within one year -€87,455
down €87,455 (-6.7%), from €1.3m to €1.2m
of which Trade receivables: -€85,739
- Tangible fixed assets -€62,608
down €62,608 (-39.5%), from €158,638 to €96,030
of which Furniture and vehicles: -€52,199
- Short-term financial debts -€200,000
down €200,000 (-88.9%), from €225,000 to €25,000
- Other debts -€68,215
down €68,215 (-27.3%), from €250,002 to €181,787
- Tax, wage and social debts -€45,778
down €45,778 (-49.0%), from €93,352 to €47,575
of which Taxes: -€30,086
- Trade debts -€40,757
down €40,757 (-17.5%), from €232,379 to €191,623
- Reserves +€40,700
up €40,700 (+14.3%), from €284,219 to €324,919
of which Distributable reserves: +€40,700
- Taxes -€73,840
down €73,840 (-82.0%), from €90,071 to €16,231
- Staff costs -€49,226
down €49,226 (-49.9%), from €98,730 to €49,504
- Depreciation -€23,026
down €23,026 (-42.4%), from €54,320 to €31,294
- Financial income +€14,758
up €14,758 (+6997.5%), from €211 to €14,969
- Gross operating margin -€13,601
down €13,601 (-7.8%), from €173,944 to €160,343
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 | €2,108,478 | €1,752,281 | -€356,197 | -16.9% |
| Fixed assets | 21/28 | €159,188 | €96,580 | -€62,608 | -39.3% |
| Tangible fixed assets | 22/27 | €158,638 | €96,030 | -€62,608 | -39.5% |
| Land and buildings | 22 | €66,324 | €63,613 | -€2,711 | -4.1% |
| Plant, machinery and equipment | 23 | €16,566 | €13,583 | -€2,983 | -18.0% |
| Furniture and vehicles | 24 | €66,861 | €14,662 | -€52,199 | -78.1% |
| Leasing and similar rights | 25 | €8,887 | €4,172 | -€4,715 | -53.1% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €1,949,290 | €1,655,700 | -€293,590 | -15.1% |
| Stocks and contracts in progress | 3 | €576,054 | €365,554 | -€210,500 | -36.5% |
| Stocks | 30/36 | €576,054 | €365,554 | -€210,500 | -36.5% |
| Amounts receivable within one year | 40/41 | €1,309,736 | €1,222,282 | -€87,455 | -6.7% |
| Trade receivables | 40 | €1,204,437 | €1,118,698 | -€85,739 | -7.1% |
| Other amounts receivable | 41 | €105,299 | €103,583 | -€1,716 | -1.6% |
| Cash at bank and in hand | 54/58 | €47,941 | €55,847 | +€7,906 | +16.5% |
| Deferred charges and accrued income | 490/1 | €15,558 | €12,018 | -€3,541 | -22.8% |
| Total equity and liabilities | 10/49 | €2,108,478 | €1,752,281 | -€356,197 | -16.9% |
| Equity | 10/15 | €1,088,579 | €1,129,370 | +€40,791 | +3.7% |
| Contributions | 10/11 | €710,688 | €710,688 | = | 0.0% |
| Capital | 10 | €710,688 | €710,688 | = | 0.0% |
| Issued capital | 100 | €710,688 | €710,688 | = | 0.0% |
| Reserves | 13 | €284,219 | €324,919 | +€40,700 | +14.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €278,069 | €318,769 | +€40,700 | +14.6% |
| Profit (loss) carried forward | 14 | €93,672 | €93,763 | +€91 | +0.1% |
| Amounts payable | 17/49 | €1,019,899 | €622,910 | -€396,988 | -38.9% |
| Amounts payable after more than one year | 17 | €173,044 | €133,546 | -€39,499 | -22.8% |
| Financial debts | 170/4 | €40,442 | €943 | -€39,499 | -97.7% |
| Other amounts payable | 178/9 | €132,603 | €132,603 | = | 0.0% |
| Amounts payable within one year | 42/48 | €843,073 | €485,483 | -€357,590 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €42,340 | €39,499 | -€2,841 | -6.7% |
| Financial debts | 43 | €225,000 | €25,000 | -€200,000 | -88.9% |
| Credit institutions | 430/8 | €225,000 | €25,000 | -€200,000 | -88.9% |
| Trade debts | 44 | €232,379 | €191,623 | -€40,757 | -17.5% |
| Suppliers | 440/4 | €232,379 | €191,623 | -€40,757 | -17.5% |
| Taxes, remuneration and social security | 45 | €93,352 | €47,575 | -€45,778 | -49.0% |
| Taxes | 450/3 | €70,758 | €40,672 | -€30,086 | -42.5% |
| Remuneration and social security | 454/9 | €22,594 | €6,902 | -€15,692 | -69.5% |
| Other amounts payable | 47/48 | €250,002 | €181,787 | -€68,215 | -27.3% |
| Accrued charges and deferred income | 492/3 | €3,781 | €3,881 | +€100 | +2.6% |
| Remuneration, social security and pensions | 62 | €98,730 | €49,504 | -€49,226 | -49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,320 | €31,294 | -€23,026 | -42.4% |
| Other operating charges | 640/8 | €9,137 | €9,696 | +€559 | +6.1% |
| Gross operating margin | 9900 | €173,944 | €160,343 | -€13,601 | -7.8% |
| Operating profit (loss) | 9901 | €11,757 | €69,848 | +€58,091 | +494.1% |
| Financial income | 75/76B | €211 | €14,969 | +€14,758 | +6997.5% |
| Recurring financial income | 75 | €211 | €14,969 | +€14,758 | +6997.5% |
| Financial charges | 65/66B | €25,213 | €27,794 | +€2,581 | +10.2% |
| Recurring financial charges | 65 | €25,213 | €27,794 | +€2,581 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,245 | €57,022 | +€70,267 | |
| Transfer from deferred taxes | 780 | €71,190 | - | -€71,190 | |
| Income taxes | 67/77 | €90,071 | €16,231 | -€73,840 | -82.0% |
| Profit (loss) for the period | 9904 | -€32,126 | €40,791 | +€72,917 | |
| Transfer from tax-exempt reserves | 789 | €213,570 | - | -€213,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €181,444 | €40,791 | -€140,653 | -77.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.