ALPHASALI: 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.
ALPHASALI
Largest movements
- Tangible fixed assets +€10,386
new in 2025: €10,386
- Cash -€7,418
down €7,418 (-87.8%), from €8,453 to €1,035
mainly Investment in fixed assets (net) (-€13,454) and Other debts (-€7,212)
- Receivables within one year -€751
down €751 (-23.1%), from €3,247 to €2,496
of which Trade receivables: -€567
- Formation expenses -€583
down €583 (-25.0%), from €2,327 to €1,744
- Deferred charges and accrued income -€256
down €256 (-11.0%), from €2,326 to €2,070
- Reserves +€8,104
new in 2025: €8,104
- Other debts -€7,212
down €7,212 (-93.7%), from €7,697 to €484
- Trade debts -€4,155
down €4,155 (-78.8%), from €5,274 to €1,119
- Tax, wage and social debts +€2,802
up €2,802 (+229%), from €1,223 to €4,024
- Profit (loss) carried forward +€1,840
no longer reported in 2025 (was -€1,840)
- Gross operating margin +€23,700
up €23,700 (+341%), from €6,941 to €30,641
- Taxes +€3,831
up €3,831 (+1,986%), from €193 to €4,024
- Depreciation +€3,064
up €3,064 (+523%), from €586 to €3,650
- Other operating charges +€819
up €819 (+40.2%), from €2,036 to €2,855
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 | €16,353 | €17,732 | +€1,379 | +8.4% |
| Formation expenses | 20 | €2,327 | €1,744 | -€583 | -25.0% |
| Fixed assets | 21/28 | - | €10,386 | +€10,386 | |
| Tangible fixed assets | 22/27 | - | €10,386 | +€10,386 | |
| Furniture and vehicles | 24 | - | €10,386 | +€10,386 | |
| Current assets | 29/58 | €14,026 | €5,601 | -€8,425 | -60.1% |
| Amounts receivable within one year | 40/41 | €3,247 | €2,496 | -€751 | -23.1% |
| Trade receivables | 40 | €2,967 | €2,400 | -€567 | -19.1% |
| Other amounts receivable | 41 | €280 | €96 | -€184 | -65.6% |
| Cash at bank and in hand | 54/58 | €8,453 | €1,035 | -€7,418 | -87.8% |
| Deferred charges and accrued income | 490/1 | €2,326 | €2,070 | -€256 | -11.0% |
| Total equity and liabilities | 10/49 | €16,353 | €17,732 | +€1,379 | +8.4% |
| Equity | 10/15 | €2,160 | €12,104 | +€9,944 | +460% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €8,104 | +€8,104 | |
| Distributable reserves | 133 | - | €8,104 | +€8,104 | |
| Profit (loss) carried forward | 14 | -€1,840 | - | +€1,840 | |
| Amounts payable | 17/49 | €14,193 | €5,628 | -€8,566 | -60.3% |
| Amounts payable within one year | 42/48 | €14,193 | €5,628 | -€8,566 | -60.3% |
| Trade debts | 44 | €5,274 | €1,119 | -€4,155 | -78.8% |
| Suppliers | 440/4 | €5,274 | €1,119 | -€4,155 | -78.8% |
| Taxes, remuneration and social security | 45 | €1,223 | €4,024 | +€2,802 | +229% |
| Taxes | 450/3 | €1,223 | €4,024 | +€2,802 | +229% |
| Other amounts payable | 47/48 | €7,697 | €484 | -€7,212 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €586 | €3,650 | +€3,064 | +523% |
| Other operating charges | 640/8 | €2,036 | €2,855 | +€819 | +40.2% |
| Non-recurring operating charges | 66A | €6,021 | €9,980 | +€3,959 | +65.8% |
| Gross operating margin | 9900 | €6,941 | €30,641 | +€23,700 | +341% |
| Operating profit (loss) | 9901 | -€1,702 | €14,156 | +€15,857 | |
| Financial income | 75/76B | €190 | €83 | -€107 | -56.5% |
| Recurring financial income | 75 | €190 | €83 | -€107 | -56.5% |
| Financial charges | 65/66B | €136 | €270 | +€134 | +98.3% |
| Recurring financial charges | 65 | €136 | €270 | +€134 | +98.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,647 | €13,968 | +€15,616 | |
| Income taxes | 67/77 | €193 | €4,024 | +€3,831 | +1,986% |
| Profit (loss) for the period | 9904 | -€1,840 | €9,944 | +€11,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,840 | €9,944 | +€11,784 |
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 28 October 2026 via checked.be.