ALPHIM: 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.
ALPHIM
Largest movements
- Receivables within one year +€51,050
up €51,050 (+58.3%), from €87,521 to €138,571
- Cash +€22,807
up €22,807 (+13.6%), from €168,282 to €191,089
mainly Other debts (+€112,515) and Net result for the year (+€64,555)
- Tangible fixed assets -€17,784
down €17,784 (-13.8%), from €128,778 to €110,994
of which Plant, machinery and equipment: -€15,471
- Other debts +€112,515
new in 2025: €112,515
- Reserves -€50,700
down €50,700 (-18.6%), from €273,256 to €222,556
- Trade debts -€11,310
down €11,310 (-32.4%), from €34,938 to €23,628
- Tax, wage and social debts +€10,129
up €10,129 (+18.5%), from €54,677 to €64,806
- Profit (loss) carried forward -€4,445
down €4,445 (-97.6%), from €4,553 to €108
- Gross operating margin -€14,109
down €14,109 (-10.5%), from €134,906 to €120,797
- Depreciation -€2,942
down €2,942 (-14.2%), from €20,726 to €17,784
- Taxes -€2,905
down €2,905 (-7.7%), from €37,893 to €34,988
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 | €386,024 | €442,213 | +€56,189 | +14.6% |
| Fixed assets | 21/28 | €128,778 | €110,994 | -€17,784 | -13.8% |
| Tangible fixed assets | 22/27 | €128,778 | €110,994 | -€17,784 | -13.8% |
| Land and buildings | 22 | €48,835 | €48,835 | = | 0.0% |
| Plant, machinery and equipment | 23 | €77,630 | €62,159 | -€15,471 | -19.9% |
| Furniture and vehicles | 24 | €2,313 | - | -€2,313 | |
| Current assets | 29/58 | €257,246 | €331,219 | +€73,973 | +28.8% |
| Amounts receivable within one year | 40/41 | €87,521 | €138,571 | +€51,050 | +58.3% |
| Other amounts receivable | 41 | €87,521 | €138,571 | +€51,050 | +58.3% |
| Cash at bank and in hand | 54/58 | €168,282 | €191,089 | +€22,807 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,443 | €1,559 | +€116 | +8.0% |
| Total equity and liabilities | 10/49 | €386,024 | €442,213 | +€56,189 | +14.6% |
| Equity | 10/15 | €296,409 | €241,264 | -€55,145 | -18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €273,256 | €222,556 | -€50,700 | -18.6% |
| Distributable reserves | 133 | €273,256 | €222,556 | -€50,700 | -18.6% |
| Profit (loss) carried forward | 14 | €4,553 | €108 | -€4,445 | -97.6% |
| Amounts payable | 17/49 | €89,615 | €200,949 | +€111,334 | +124% |
| Amounts payable within one year | 42/48 | €89,615 | €200,949 | +€111,334 | +124% |
| Trade debts | 44 | €34,938 | €23,628 | -€11,310 | -32.4% |
| Suppliers | 440/4 | €34,938 | €23,628 | -€11,310 | -32.4% |
| Taxes, remuneration and social security | 45 | €54,677 | €64,806 | +€10,129 | +18.5% |
| Taxes | 450/3 | €54,677 | €64,806 | +€10,129 | +18.5% |
| Other amounts payable | 47/48 | - | €112,515 | +€112,515 | |
| Non-recurring operating income | 76A | - | €71 | +€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,726 | €17,784 | -€2,942 | -14.2% |
| Other operating charges | 640/8 | €6,629 | €7,231 | +€602 | +9.1% |
| Non-recurring operating charges | 66A | €219 | €666 | +€447 | +204% |
| Gross operating margin | 9900 | €134,906 | €120,797 | -€14,109 | -10.5% |
| Operating profit (loss) | 9901 | €107,332 | €95,116 | -€12,216 | -11.4% |
| Financial income | 75/76B | €4,751 | €5,951 | +€1,200 | +25.3% |
| Recurring financial income | 75 | €4,678 | €5,951 | +€1,273 | +27.2% |
| Non-recurring financial income | 76B | €73 | - | -€73 | |
| Financial charges | 65/66B | €1,632 | €1,524 | -€108 | -6.6% |
| Recurring financial charges | 65 | €1,632 | €1,524 | -€108 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €110,451 | €99,543 | -€10,908 | -9.9% |
| Income taxes | 67/77 | €37,893 | €34,988 | -€2,905 | -7.7% |
| Profit (loss) for the period | 9904 | €72,558 | €64,555 | -€8,003 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,558 | €64,555 | -€8,003 | -11.0% |
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 27 October 2026 via checked.be.