ALHIPE: 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.
ALHIPE
Largest movements
- Tangible fixed assets -€170,180
down €170,180 (-13.4%), from €1.3m to €1.1m
of which Land and buildings: -€164,526
- Cash +€95,848
up €95,848 (+119.9%), from €79,958 to €175,806
mainly Investment in fixed assets (net) (+€85,649) and Depreciation (+€84,531)
- Other debts -€40,171
down €40,171 (-16.4%), from €245,305 to €205,134
- Profit (loss) carried forward -€19,215
down €19,215 (-4.2%), from -€455,037 to -€474,252
- Accrued charges and deferred income -€16,692
down €16,692 (-28.8%), from €58,039 to €41,347
- Gross operating margin +€96,899
up €96,899 (+637.5%), from €15,199 to €112,098
- Financial charges -€13,921
down €13,921 (-25.4%), from €54,713 to €40,793
- Other operating charges -€1,164
down €1,164 (-11.2%), from €10,387 to €9,222
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.
Cash bridge derived
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 | €1,447,031 | €1,369,761 | -€77,270 | -5.3% |
| Fixed assets | 21/28 | €1,269,171 | €1,098,990 | -€170,180 | -13.4% |
| Tangible fixed assets | 22/27 | €1,269,171 | €1,098,990 | -€170,180 | -13.4% |
| Land and buildings | 22 | €1,254,202 | €1,089,677 | -€164,526 | -13.1% |
| Plant, machinery and equipment | 23 | €14,634 | €9,314 | -€5,320 | -36.4% |
| Furniture and vehicles | 24 | €334 | €0 | -€334 | -100.0% |
| Current assets | 29/58 | €177,861 | €270,770 | +€92,910 | +52.2% |
| Amounts receivable after more than one year | 29 | €93,082 | €89,290 | -€3,792 | -4.1% |
| Other amounts receivable | 291 | €93,082 | €89,290 | -€3,792 | -4.1% |
| Amounts receivable within one year | 40/41 | €3,665 | €4,092 | +€427 | +11.6% |
| Trade receivables | 40 | - | €300 | +€300 | |
| Other amounts receivable | 41 | €3,665 | €3,792 | +€127 | +3.5% |
| Cash at bank and in hand | 54/58 | €79,958 | €175,806 | +€95,848 | +119.9% |
| Deferred charges and accrued income | 490/1 | €1,155 | €1,582 | +€428 | +37.0% |
| Total equity and liabilities | 10/49 | €1,447,031 | €1,369,761 | -€77,270 | -5.3% |
| Equity | 10/15 | €639,963 | €620,748 | -€19,215 | -3.0% |
| Contributions | 10/11 | €1,095,000 | €1,095,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€455,037 | -€474,252 | -€19,215 | -4.2% |
| Amounts payable | 17/49 | €807,068 | €749,013 | -€58,055 | -7.2% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €249,029 | €207,666 | -€41,363 | -16.6% |
| Trade debts | 44 | €3,724 | €2,532 | -€1,192 | -32.0% |
| Suppliers | 440/4 | €3,724 | €2,532 | -€1,192 | -32.0% |
| Other amounts payable | 47/48 | €245,305 | €205,134 | -€40,171 | -16.4% |
| Accrued charges and deferred income | 492/3 | €58,039 | €41,347 | -€16,692 | -28.8% |
| Non-recurring operating income | 76A | - | €41,034 | +€41,034 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,339 | €84,531 | -€808 | -0.9% |
| Other operating charges | 640/8 | €10,387 | €9,222 | -€1,164 | -11.2% |
| Gross operating margin | 9900 | €15,199 | €112,098 | +€96,899 | +637.5% |
| Operating profit (loss) | 9901 | -€80,527 | €18,344 | +€98,871 | |
| Financial income | 75/76B | €3,084 | €3,233 | +€149 | +4.8% |
| Recurring financial income | 75 | €3,084 | €3,233 | +€149 | +4.8% |
| Financial charges | 65/66B | €54,713 | €40,793 | -€13,921 | -25.4% |
| Recurring financial charges | 65 | €54,713 | €40,793 | -€13,921 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€132,156 | -€19,215 | +€112,941 | +85.5% |
| Profit (loss) for the period | 9904 | -€132,156 | -€19,215 | +€112,941 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€132,156 | -€19,215 | +€112,941 | +85.5% |
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 9 October 2026 via checked.be.