RESEAU ALPHA: 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.
RESEAU ALPHA
Largest movements
- Current investments +€172,884
up €172,884 (+47.8%), from €361,950 to €534,834
- Cash -€164,485
down €164,485 (-94.9%), from €173,360 to €8,875
mainly Current investments (-€172,884) and Contributions, distributions and other (-€294)
- Profit (loss) carried forward +€7,122
up €7,122, from -€5,975 to €1,147
- Financial charges -€37,284
down €37,284 (-99.9%), from €37,338 to €54
- Other operating charges -€2,899
down €2,899 (-69.1%), from €4,195 to €1,296
- Financial income +€2,492
up €2,492 (+22.9%), from €10,878 to €13,370
of which Financial income: +€2,198
- Taxes +€1,849
up €1,849 (+153%), from €1,209 to €3,058
- Gross operating margin +€332
up €332 (+17.7%), from -€1,879 to -€1,546
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 | €535,310 | €543,822 | +€8,512 | +1.6% |
| Current assets | 29/58 | €535,310 | €543,822 | +€8,512 | +1.6% |
| Current investments | 50/53 | €361,950 | €534,834 | +€172,884 | +47.8% |
| Cash at bank and in hand | 54/58 | €173,360 | €8,875 | -€164,485 | -94.9% |
| Deferred charges and accrued income | 490/1 | - | €114 | +€114 | |
| Total equity and liabilities | 10/49 | €535,310 | €543,822 | +€8,512 | +1.6% |
| Equity | 10/15 | -€5,899 | €1,223 | +€7,122 | |
| Contributions | 10/11 | €0 | - | = | |
| Capital | 10 | €0 | - | = | |
| Revaluation surpluses | 12 | €77 | €77 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,975 | €1,147 | +€7,122 | |
| Provisions and deferred taxes | 16 | €540,000 | €540,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €540,000 | €540,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €540,000 | €540,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,209 | €2,599 | +€1,390 | +115% |
| Amounts payable within one year | 42/48 | €1,209 | €2,565 | +€1,356 | +112% |
| Trade debts | 44 | - | €1,318 | +€1,318 | |
| Suppliers | 440/4 | - | €1,318 | +€1,318 | |
| Taxes, remuneration and social security | 45 | €1,209 | €1,247 | +€38 | +3.2% |
| Taxes | 450/3 | €1,209 | €1,247 | +€38 | +3.2% |
| Accrued charges and deferred income | 492/3 | - | €34 | +€34 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,879 | €1,546 | -€332 | -17.7% |
| Other operating charges | 640/8 | €4,195 | €1,296 | -€2,899 | -69.1% |
| Gross operating margin | 9900 | -€1,879 | -€1,546 | +€332 | +17.7% |
| Operating profit (loss) | 9901 | -€6,074 | -€2,842 | +€3,231 | +53.2% |
| Financial income | 75/76B | €10,878 | €13,370 | +€2,492 | +22.9% |
| Recurring financial income | 75 | €10,878 | €13,076 | +€2,198 | +20.2% |
| Non-recurring financial income | 76B | - | €294 | +€294 | |
| Financial charges | 65/66B | €37,338 | €54 | -€37,284 | -99.9% |
| Recurring financial charges | 65 | €37,338 | €54 | -€37,284 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,533 | €10,474 | +€43,007 | |
| Income taxes | 67/77 | €1,209 | €3,058 | +€1,849 | +153% |
| Profit (loss) for the period | 9904 | -€33,742 | €7,416 | +€41,158 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,742 | €7,416 | +€41,158 |
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.