HET ALFABET: 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.
HET ALFABET
Largest movements
- Cash +€5,976
up €5,976 (+80.3%), from €7,441 to €13,417
mainly Net result for the year (+€8,090) and Depreciation (+€4,218)
- Tangible fixed assets -€3,073
down €3,073 (-39.2%), from €7,836 to €4,763
of which Furniture and vehicles: -€4,059
- Receivables within one year +€2,842
up €2,842 (+117%), from €2,420 to €5,262
of which Other amounts receivable: +€1,645
- Reserves +€8,090
up €8,090 (+86.0%), from €9,406 to €17,496
- Other debts -€3,557
down €3,557 (-100%), from €3,557 to €0
- Current portion of long-term debt +€1,500
new in 2025: €1,500
- Gross operating margin +€2,913
up €2,913 (+18.7%), from €15,588 to €18,501
- Taxes +€1,068
up €1,068 (+27.6%), from €3,876 to €4,944
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 | €18,372 | €24,249 | +€5,877 | +32.0% |
| Fixed assets | 21/28 | €7,836 | €4,763 | -€3,073 | -39.2% |
| Tangible fixed assets | 22/27 | €7,836 | €4,763 | -€3,073 | -39.2% |
| Land and buildings | 22 | - | €986 | +€986 | |
| Furniture and vehicles | 24 | €7,836 | €3,777 | -€4,059 | -51.8% |
| Current assets | 29/58 | €10,536 | €19,486 | +€8,949 | +84.9% |
| Stocks and contracts in progress | 3 | €39 | €171 | +€131 | +333% |
| Stocks | 30/36 | €39 | €171 | +€131 | +333% |
| Amounts receivable within one year | 40/41 | €2,420 | €5,262 | +€2,842 | +117% |
| Trade receivables | 40 | €2,420 | €3,618 | +€1,198 | +49.5% |
| Other amounts receivable | 41 | - | €1,645 | +€1,645 | |
| Cash at bank and in hand | 54/58 | €7,441 | €13,417 | +€5,976 | +80.3% |
| Deferred charges and accrued income | 490/1 | €636 | €636 | = | 0.0% |
| Total equity and liabilities | 10/49 | €18,372 | €24,249 | +€5,877 | +32.0% |
| Equity | 10/15 | €9,506 | €17,596 | +€8,090 | +85.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €9,406 | €17,496 | +€8,090 | +86.0% |
| Distributable reserves | 133 | €9,406 | €17,496 | +€8,090 | +86.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,866 | €6,652 | -€2,214 | -25.0% |
| Amounts payable within one year | 42/48 | €8,866 | €6,652 | -€2,214 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,500 | +€1,500 | |
| Trade debts | 44 | €398 | €240 | -€158 | -39.7% |
| Suppliers | 440/4 | €398 | €240 | -€158 | -39.7% |
| Taxes, remuneration and social security | 45 | €4,911 | €4,912 | +€1 | 0.0% |
| Taxes | 450/3 | €4,911 | €4,912 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €3,557 | €0 | -€3,557 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,310 | €4,218 | -€92 | -2.1% |
| Other operating charges | 640/8 | €1,153 | €1,062 | -€90 | -7.8% |
| Gross operating margin | 9900 | €15,588 | €18,501 | +€2,913 | +18.7% |
| Operating profit (loss) | 9901 | €10,126 | €13,221 | +€3,095 | +30.6% |
| Financial income | 75/76B | €0 | €45 | +€45 | |
| Recurring financial income | 75 | €0 | €45 | +€45 | |
| Financial charges | 65/66B | €186 | €231 | +€45 | +23.9% |
| Recurring financial charges | 65 | €186 | €231 | +€45 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €9,939 | €13,035 | +€3,095 | +31.1% |
| Income taxes | 67/77 | €3,876 | €4,944 | +€1,068 | +27.6% |
| Profit (loss) for the period | 9904 | €6,063 | €8,090 | +€2,027 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,063 | €8,090 | +€2,027 | +33.4% |
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 17 October 2026 via checked.be.