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.
ALPHA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€10,017
up €10,017 (+5.3%), from €190,775 to €200,792
- Provisions -€6,534
down €6,534 (-4.7%), from €137,668 to €131,134
- Gross operating margin +€7,202
up €7,202 (+38.2%), from €18,846 to €26,047
- Provisions +€6,667
up €6,667, from -€6,667 to €0
- Purchases and services -€668
down €668 (-16.9%), from €3,954 to €3,287
- Financial charges -€524
down €524 (-1.8%), from €28,461 to €27,938
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 | €347,697 | €348,828 | +€1,131 | +0.3% |
| Fixed assets | 21/28 | €346,555 | €346,555 | = | 0.0% |
| Financial fixed assets | 28 | €346,555 | €346,555 | = | 0.0% |
| Current assets | 29/58 | €1,142 | €2,273 | +€1,131 | +99.1% |
| Cash at bank and in hand | 54/58 | €1,142 | €2,273 | +€1,131 | +99.1% |
| Total equity and liabilities | 10/49 | €347,697 | €348,828 | +€1,131 | +0.3% |
| Equity | 10/15 | €19,253 | €16,901 | -€2,352 | -12.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,647 | -€3,999 | -€2,352 | -143% |
| Provisions and deferred taxes | 16 | €137,668 | €131,134 | -€6,534 | -4.7% |
| Provisions for liabilities and charges | 160/5 | €137,668 | €131,134 | -€6,534 | -4.7% |
| Environmental obligations | 163 | €137,668 | €0 | -€137,668 | -100% |
| Other liabilities and charges | 164/5 | - | €131,134 | +€131,134 | |
| Amounts payable | 17/49 | €190,775 | €200,792 | +€10,017 | +5.3% |
| Amounts payable within one year | 42/48 | €190,775 | €200,792 | +€10,017 | +5.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €190,775 | €200,792 | +€10,017 | +5.3% |
| Turnover | 70 | €22,800 | €22,800 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,954 | €3,287 | -€668 | -16.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,667 | €0 | +€6,667 | |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €18,846 | €26,047 | +€7,202 | +38.2% |
| Operating profit (loss) | 9901 | €25,064 | €25,586 | +€522 | +2.1% |
| Financial charges | 65/66B | €28,461 | €27,938 | -€524 | -1.8% |
| Recurring financial charges | 65 | €28,461 | €27,938 | -€524 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,398 | -€2,352 | +€1,046 | +30.8% |
| Profit (loss) for the period | 9904 | -€3,398 | -€2,352 | +€1,046 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,398 | -€2,352 | +€1,046 | +30.8% |
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 26 October 2026 via checked.be.