ALPHA-B: what changed
What changed
ALPHA-B
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€97,135
2025 · -€100,128+€2,993
Equity
€332,198
2025 · €438,891-€106,693
Cash
€1,475
2025 · €3,475-€2,000
Balance sheet total
€846,816
2025 · €1.0m-€175,550
Largest movements
Assets
- Tangible fixed assets -€167,055
down €167,055 (-16.8%), from €997,071 to €830,016
of which Land and buildings: -€166,388
Equity and liabilities
- Debts after one year -€115,027
down €115,027 (-36.2%), from €317,863 to €202,836
- Profit (loss) carried forward -€97,135
down €97,135 (-21.2%), from -€459,028 to -€556,163
- Other debts +€95,499
up €95,499 (+99.0%), from €96,421 to €191,920
- Current portion of long-term debt -€37,349
down €37,349 (-24.5%), from €152,376 to €115,027
Income statement
- Gross operating margin -€13,397
down €13,397 (-8.4%), from €160,099 to €146,702
- Write-downs -€10,198
down €10,198 (-14.0%), from €72,853 to €62,655
- Financial charges -€4,323
down €4,323 (-26.4%), from €16,391 to €12,068
Change in the result, 2025 to 2026
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 2025
-€100,128
Gross operating margin
-€13,397
Depreciation
+€1,327
Write-downs
+€10,198
Other operating charges
+€1,317
Other operating items
-€579
Financial charges
+€4,323
Taxes
-€196
Result 2026
-€97,135
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€159,934
Investment
€0
Financing
-€161,934
Cash 2025
€3,475
From operations (derived)
+€159,934
Net result for the year
-€97,135
Depreciation
+€167,055
Receivables within one year
+€6,495
Trade debts
-€5,775
Tax, wage and social debts
-€6,205
Other debts
+€95,499
Financing
-€161,934
Debts after one year
-€115,027
Current portion of long-term debt
-€37,349
Contributions, distributions and other
-€9,558
Cash 2026
€1,475
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,022,366 | €846,816 | -€175,550 | -17.2% |
| Fixed assets | 21/28 | €997,071 | €830,016 | -€167,055 | -16.8% |
| Tangible fixed assets | 22/27 | €997,071 | €830,016 | -€167,055 | -16.8% |
| Land and buildings | 22 | €991,851 | €825,463 | -€166,388 | -16.8% |
| Plant, machinery and equipment | 23 | €5,220 | €4,553 | -€667 | -12.8% |
| Current assets | 29/58 | €25,295 | €16,800 | -€8,495 | -33.6% |
| Amounts receivable within one year | 40/41 | €21,820 | €15,325 | -€6,495 | -29.8% |
| Trade receivables | 40 | €21,708 | €15,325 | -€6,383 | -29.4% |
| Other amounts receivable | 41 | €112 | - | -€112 | |
| Cash at bank and in hand | 54/58 | €3,475 | €1,475 | -€2,000 | -57.6% |
| Total equity and liabilities | 10/49 | €1,022,366 | €846,816 | -€175,550 | -17.2% |
| Equity | 10/15 | €438,891 | €332,198 | -€106,693 | -24.3% |
| Contributions | 10/11 | €875,575 | €875,575 | = | 0.0% |
| Reserves | 13 | €3,227 | €3,227 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,227 | €3,227 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,227 | €3,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€459,028 | -€556,163 | -€97,135 | -21.2% |
| Investment grants | 15 | €19,117 | €9,559 | -€9,558 | -50.0% |
| Amounts payable | 17/49 | €583,475 | €514,618 | -€68,857 | -11.8% |
| Amounts payable after more than one year | 17 | €317,863 | €202,836 | -€115,027 | -36.2% |
| Financial debts | 170/4 | €317,863 | €202,836 | -€115,027 | -36.2% |
| Amounts payable within one year | 42/48 | €265,612 | €311,782 | +€46,170 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €152,376 | €115,027 | -€37,349 | -24.5% |
| Trade debts | 44 | €6,432 | €657 | -€5,775 | -89.8% |
| Suppliers | 440/4 | €6,432 | €657 | -€5,775 | -89.8% |
| Taxes, remuneration and social security | 45 | €10,383 | €4,178 | -€6,205 | -59.8% |
| Taxes | 450/3 | €8,998 | €855 | -€8,143 | -90.5% |
| Remuneration and social security | 454/9 | €1,385 | €3,323 | +€1,938 | +140% |
| Other amounts payable | 47/48 | €96,421 | €191,920 | +€95,499 | +99.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,382 | €167,055 | -€1,327 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €72,853 | €62,655 | -€10,198 | -14.0% |
| Other operating charges | 640/8 | €12,160 | €10,843 | -€1,317 | -10.8% |
| Non-recurring operating charges | 66A | - | €579 | +€579 | |
| Gross operating margin | 9900 | €160,099 | €146,702 | -€13,397 | -8.4% |
| Operating profit (loss) | 9901 | -€93,296 | -€94,430 | -€1,134 | -1.2% |
| Financial income | 75/76B | €9,559 | €9,559 | = | 0.0% |
| Recurring financial income | 75 | €9,559 | €9,559 | = | 0.0% |
| Financial charges | 65/66B | €16,391 | €12,068 | -€4,323 | -26.4% |
| Recurring financial charges | 65 | €16,391 | €12,068 | -€4,323 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€100,128 | -€96,939 | +€3,189 | +3.2% |
| Income taxes | 67/77 | - | €196 | +€196 | |
| Profit (loss) for the period | 9904 | -€100,128 | -€97,135 | +€2,993 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€100,128 | -€97,135 | +€2,993 | +3.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.