ALPHA: what changed
What changed
ALPHA
NACE 82.300, Organisation of conventions and trade shows
filed annual accounts (NBB)
Net result for the year
€121,892
2024 · €1,924+€119,968
Equity
€347,774
2024 · €225,882+€121,892
Cash
€355,094
2024 · €151,827+€203,267
Balance sheet total
€529,484
2024 · €432,814+€96,670
Largest movements
Assets
- Cash +€203,267
up €203,267 (+134%), from €151,827 to €355,094
mainly Net result for the year (+€121,892) and Stocks and contracts (+€88,948)
- Stocks and contracts -€88,948
down €88,948 (-60.9%), from €146,103 to €57,155
- Tangible fixed assets -€33,628
down €33,628 (-29.6%), from €113,720 to €80,092
of which Furniture and vehicles: -€34,970
- Receivables within one year +€15,991
up €15,991 (+76.1%), from €21,018 to €37,009
Equity and liabilities
- Reserves +€121,892
new in 2025: €121,892
- Tax, wage and social debts +€45,036
up €45,036 (+611%), from €7,370 to €52,406
of which Taxes: +€47,124
- Other debts -€36,384
down €36,384 (-49.5%), from €73,431 to €37,047
- Debts after one year -€23,933
down €23,933 (-42.6%), from €56,189 to €32,256
- Accrued charges and deferred income -€5,760
no longer reported in 2025 (was €5,760)
Income statement
- Gross operating margin +€179,030
up €179,030 (+159%), from €112,836 to €291,866
- Taxes +€58,714
up €58,714 (+2,626%), from €2,236 to €60,949
- Staff costs +€4,278
up €4,278 (+7.8%), from €55,075 to €59,354
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.
Result 2024
€1,924
Gross operating margin
+€179,030
Staff costs
-€4,278
Depreciation
-€118
Other operating charges
+€1,320
Financial income
-€50
Financial charges
+€2,778
Taxes
-€58,714
Result 2025
€121,892
raises the resultlowers the result
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.
From operations
+€231,375
Investment
-€2,153
Financing
-€25,955
Cash 2024
€151,827
From operations (derived)
+€231,375
Net result for the year
+€121,892
Depreciation
+€35,780
Stocks and contracts
+€88,948
Receivables within one year
-€15,991
Deferred charges and accrued income
+€12
Trade debts
-€2,158
Tax, wage and social debts
+€45,036
Other debts
-€36,384
Accrued charges and deferred income
-€5,760
Investment (derived)
-€2,153
Investment in fixed assets (net)
-€2,153
Financing
-€25,955
Debts after one year
-€23,933
Current portion of long-term debt
+€892
Short-term financial debts
-€2,914
Cash 2025
€355,094
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,814 | €529,484 | +€96,670 | +22.3% |
| Fixed assets | 21/28 | €113,850 | €80,222 | -€33,628 | -29.5% |
| Tangible fixed assets | 22/27 | €113,720 | €80,092 | -€33,628 | -29.6% |
| Plant, machinery and equipment | 23 | €2,372 | €3,714 | +€1,342 | +56.6% |
| Furniture and vehicles | 24 | €111,348 | €76,378 | -€34,970 | -31.4% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €318,964 | €449,262 | +€130,298 | +40.9% |
| Stocks and contracts in progress | 3 | €146,103 | €57,155 | -€88,948 | -60.9% |
| Stocks | 30/36 | €146,103 | €57,155 | -€88,948 | -60.9% |
| Amounts receivable within one year | 40/41 | €21,018 | €37,009 | +€15,991 | +76.1% |
| Trade receivables | 40 | €21,018 | €37,009 | +€15,991 | +76.1% |
| Cash at bank and in hand | 54/58 | €151,827 | €355,094 | +€203,267 | +134% |
| Deferred charges and accrued income | 490/1 | €17 | €4 | -€12 | -73.9% |
| Total equity and liabilities | 10/49 | €432,814 | €529,484 | +€96,670 | +22.3% |
| Equity | 10/15 | €225,882 | €347,774 | +€121,892 | +54.0% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Contributions outside capital | 11 | €220,000 | €220,000 | = | 0.0% |
| Other | 1109/19 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | - | €121,892 | +€121,892 | |
| Distributable reserves | 133 | - | €121,892 | +€121,892 | |
| Profit (loss) carried forward | 14 | €5,882 | €5,882 | = | 0.0% |
| Amounts payable | 17/49 | €206,932 | €181,711 | -€25,222 | -12.2% |
| Amounts payable after more than one year | 17 | €56,189 | €32,256 | -€23,933 | -42.6% |
| Financial debts | 170/4 | €56,189 | €32,256 | -€23,933 | -42.6% |
| Amounts payable within one year | 42/48 | €144,984 | €149,455 | +€4,471 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €23,041 | €23,933 | +€892 | +3.9% |
| Financial debts | 43 | €2,914 | - | -€2,914 | |
| Credit institutions | 430/8 | €2,914 | - | -€2,914 | |
| Trade debts | 44 | €38,228 | €36,069 | -€2,158 | -5.6% |
| Suppliers | 440/4 | €38,228 | €36,069 | -€2,158 | -5.6% |
| Taxes, remuneration and social security | 45 | €7,370 | €52,406 | +€45,036 | +611% |
| Taxes | 450/3 | €5,281 | €52,406 | +€47,124 | +892% |
| Remuneration and social security | 454/9 | €2,088 | - | -€2,088 | |
| Other amounts payable | 47/48 | €73,431 | €37,047 | -€36,384 | -49.5% |
| Accrued charges and deferred income | 492/3 | €5,760 | - | -€5,760 | |
| Remuneration, social security and pensions | 62 | €55,075 | €59,354 | +€4,278 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,663 | €35,780 | +€118 | +0.3% |
| Other operating charges | 640/8 | €11,620 | €10,300 | -€1,320 | -11.4% |
| Gross operating margin | 9900 | €112,836 | €291,866 | +€179,030 | +159% |
| Operating profit (loss) | 9901 | €10,478 | €186,432 | +€175,954 | +1,679% |
| Financial income | 75/76B | €51 | €1 | -€50 | -98.9% |
| Recurring financial income | 75 | €51 | €1 | -€50 | -98.9% |
| Financial charges | 65/66B | €6,370 | €3,591 | -€2,778 | -43.6% |
| Recurring financial charges | 65 | €6,370 | €3,591 | -€2,778 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €4,159 | €182,841 | +€178,682 | +4,296% |
| Income taxes | 67/77 | €2,236 | €60,949 | +€58,714 | +2,626% |
| Profit (loss) for the period | 9904 | €1,924 | €121,892 | +€119,968 | +6,236% |
| Profit (loss) for the period to be appropriated | 9905 | €1,924 | €121,892 | +€119,968 | +6,236% |
Next steps
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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 3 November 2026 via checked.be.