ALPHA ELECTRONICS: what changed
ALPHA ELECTRONICS
Largest movements
- Tangible fixed assets +€298,454
up €298,454 (+27.8%), from €1.1m to €1.4m
of which Land and buildings: +€255,115
- Cash +€107,807
up €107,807 (+255%), from €42,226 to €150,033
mainly Debts after one year (+€245,809) and Depreciation (+€89,628)
- Receivables within one year -€87,347
down €87,347 (-21.9%), from €398,078 to €310,731
of which Other amounts receivable: -€44,298
- Stocks and contracts -€24,160
down €24,160 (-11.8%), from €204,803 to €180,643
of which Contracts in progress: -€18,931
- Debts after one year +€245,809
up €245,809 (+32.3%), from €761,156 to €1.0m
- Reserves +€66,958
up €66,958 (+62.2%), from €107,600 to €174,558
of which Distributable reserves: +€66,958
- Trade debts -€36,461
down €36,461 (-40.2%), from €90,674 to €54,213
- Gross operating margin +€72,836
up €72,836 (+16.7%), from €436,830 to €509,666
- Staff costs +€30,786
up €30,786 (+11.4%), from €269,934 to €300,720
- Depreciation +€12,671
up €12,671 (+16.5%), from €76,957 to €89,628
- Financial charges +€11,456
up €11,456 (+85.6%), from €13,382 to €24,838
- Financial income +€5,341
up €5,341 (+334%), from €1,598 to €6,939
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,722,746 | €2,032,464 | +€309,718 | +18.0% |
| Fixed assets | 21/28 | €1,073,169 | €1,371,623 | +€298,454 | +27.8% |
| Tangible fixed assets | 22/27 | €1,073,169 | €1,371,623 | +€298,454 | +27.8% |
| Land and buildings | 22 | €980,826 | €1,235,941 | +€255,115 | +26.0% |
| Plant, machinery and equipment | 23 | €34,807 | €26,607 | -€8,200 | -23.6% |
| Furniture and vehicles | 24 | €57,536 | €109,076 | +€51,539 | +89.6% |
| Current assets | 29/58 | €649,577 | €660,840 | +€11,264 | +1.7% |
| Stocks and contracts in progress | 3 | €204,803 | €180,643 | -€24,160 | -11.8% |
| Stocks | 30/36 | €39,395 | €34,166 | -€5,229 | -13.3% |
| Contracts in progress | 37 | €165,408 | €146,477 | -€18,931 | -11.4% |
| Amounts receivable within one year | 40/41 | €398,078 | €310,731 | -€87,347 | -21.9% |
| Trade receivables | 40 | €324,817 | €281,768 | -€43,049 | -13.3% |
| Other amounts receivable | 41 | €73,260 | €28,963 | -€44,298 | -60.5% |
| Cash at bank and in hand | 54/58 | €42,226 | €150,033 | +€107,807 | +255% |
| Deferred charges and accrued income | 490/1 | €4,470 | €19,433 | +€14,964 | +335% |
| Total equity and liabilities | 10/49 | €1,722,746 | €2,032,464 | +€309,718 | +18.0% |
| Equity | 10/15 | €657,557 | €724,515 | +€66,958 | +10.2% |
| Contributions | 10/11 | €76,000 | €76,000 | = | 0.0% |
| Capital | 10 | €76,000 | €76,000 | = | 0.0% |
| Issued capital | 100 | €76,000 | €76,000 | = | 0.0% |
| Reserves | 13 | €107,600 | €174,558 | +€66,958 | +62.2% |
| Non-distributable reserves | 130/1 | €7,600 | €7,600 | = | 0.0% |
| Legal reserve | 130 | €7,600 | €7,600 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €166,958 | +€66,958 | +67.0% |
| Profit (loss) carried forward | 14 | €473,957 | €473,957 | = | 0.0% |
| Amounts payable | 17/49 | €1,065,189 | €1,307,948 | +€242,760 | +22.8% |
| Amounts payable after more than one year | 17 | €761,156 | €1,006,965 | +€245,809 | +32.3% |
| Financial debts | 170/4 | €761,156 | €1,006,965 | +€245,809 | +32.3% |
| Amounts payable within one year | 42/48 | €304,032 | €300,983 | -€3,049 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €122,527 | €125,692 | +€3,166 | +2.6% |
| Financial debts | 43 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Credit institutions | 430/8 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Trade debts | 44 | €90,674 | €54,213 | -€36,461 | -40.2% |
| Suppliers | 440/4 | €90,674 | €54,213 | -€36,461 | -40.2% |
| Taxes, remuneration and social security | 45 | €40,832 | €57,262 | +€16,431 | +40.2% |
| Taxes | 450/3 | - | €28,293 | +€28,293 | |
| Remuneration and social security | 454/9 | €40,832 | €28,969 | -€11,863 | -29.1% |
| Other amounts payable | 47/48 | - | €3,816 | +€3,816 | |
| Remuneration, social security and pensions | 62 | €269,934 | €300,720 | +€30,786 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,957 | €89,628 | +€12,671 | +16.5% |
| Other operating charges | 640/8 | €7,881 | €8,814 | +€934 | +11.9% |
| Gross operating margin | 9900 | €436,830 | €509,666 | +€72,836 | +16.7% |
| Operating profit (loss) | 9901 | €82,059 | €110,504 | +€28,445 | +34.7% |
| Financial income | 75/76B | €1,598 | €6,939 | +€5,341 | +334% |
| Recurring financial income | 75 | €1,598 | €6,939 | +€5,341 | +334% |
| Financial charges | 65/66B | €13,382 | €24,838 | +€11,456 | +85.6% |
| Recurring financial charges | 65 | €13,382 | €24,838 | +€11,456 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | €70,275 | €92,604 | +€22,330 | +31.8% |
| Income taxes | 67/77 | €20,930 | €25,646 | +€4,716 | +22.5% |
| Profit (loss) for the period | 9904 | €49,345 | €66,958 | +€17,613 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,345 | €66,958 | +€17,613 | +35.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.