ALLPACA: 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.
ALLPACA
Largest movements
- Receivables within one year +€138,855
up €138,855 (+4,408%), from €3,150 to €142,005
of which Trade receivables: +€142,005
- Stocks and contracts +€45,238
up €45,238 (+22.6%), from €200,156 to €245,394
- Cash +€21,437
up €21,437 (+31.4%), from €68,322 to €89,760
mainly Trade debts (+€244,675) and Debts after one year (+€130,571)
- Deferred charges and accrued income +€8,364
up €8,364 (+1,980%), from €422 to €8,786
- Trade debts +€244,675
up €244,675 (+707%), from €34,629 to €279,304
of which Bills of exchange payable: +€163,182
- Current portion of long-term debt -€137,000
no longer reported in 2025 (was €137,000)
- Debts after one year +€130,571
new in 2025: €130,571
of which Financial debts: +€90,571
- Other debts -€27,566
down €27,566 (-74.0%), from €37,273 to €9,707
- Tax, wage and social debts +€6,013
up €6,013 (+30.9%), from €19,477 to €25,490
of which Taxes: +€7,183
- Staff costs +€101,516
up €101,516 (+203%), from €49,928 to €151,444
- Gross operating margin +€87,653
up €87,653 (+93.2%), from €94,050 to €181,703
- Taxes -€4,601
down €4,601 (-52.0%), from €8,854 to €4,253
- Financial income +€4,042
up €4,042 (+560%), from €721 to €4,763
- Financial charges +€4,009
up €4,009 (+18.5%), from €21,673 to €25,682
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 | €278,770 | €497,295 | +€218,525 | +78.4% |
| Fixed assets | 21/28 | €6,719 | €11,351 | +€4,632 | +68.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €6,344 | €10,976 | +€4,632 | +73.0% |
| Plant, machinery and equipment | 23 | €1,467 | €2,752 | +€1,285 | +87.6% |
| Furniture and vehicles | 24 | €2,048 | €2,486 | +€439 | +21.4% |
| Other tangible fixed assets | 26 | €2,830 | €5,737 | +€2,908 | +103% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €272,050 | €485,944 | +€213,894 | +78.6% |
| Stocks and contracts in progress | 3 | €200,156 | €245,394 | +€45,238 | +22.6% |
| Stocks | 30/36 | €200,156 | €245,394 | +€45,238 | +22.6% |
| Amounts receivable within one year | 40/41 | €3,150 | €142,005 | +€138,855 | +4,408% |
| Trade receivables | 40 | €0 | €142,005 | +€142,005 | |
| Other amounts receivable | 41 | €3,150 | - | -€3,150 | |
| Cash at bank and in hand | 54/58 | €68,322 | €89,760 | +€21,437 | +31.4% |
| Deferred charges and accrued income | 490/1 | €422 | €8,786 | +€8,364 | +1,980% |
| Total equity and liabilities | 10/49 | €278,770 | €497,295 | +€218,525 | +78.4% |
| Equity | 10/15 | €50,391 | €52,224 | +€1,833 | +3.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €18,000 | €19,833 | +€1,833 | +10.2% |
| Distributable reserves | 133 | €18,000 | €19,833 | +€1,833 | +10.2% |
| Profit (loss) carried forward | 14 | €11,931 | €11,931 | = | 0.0% |
| Amounts payable | 17/49 | €228,379 | €445,072 | +€216,693 | +94.9% |
| Amounts payable after more than one year | 17 | - | €130,571 | +€130,571 | |
| Financial debts | 170/4 | - | €90,571 | +€90,571 | |
| Other amounts payable | 178/9 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €228,379 | €314,500 | +€86,122 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €137,000 | - | -€137,000 | |
| Trade debts | 44 | €34,629 | €279,304 | +€244,675 | +707% |
| Suppliers | 440/4 | €24,708 | €106,201 | +€81,493 | +330% |
| Bills of exchange payable | 441 | €9,921 | €173,103 | +€163,182 | +1,645% |
| Taxes, remuneration and social security | 45 | €19,477 | €25,490 | +€6,013 | +30.9% |
| Taxes | 450/3 | €17,359 | €24,543 | +€7,183 | +41.4% |
| Remuneration and social security | 454/9 | €2,118 | €947 | -€1,171 | -55.3% |
| Other amounts payable | 47/48 | €37,273 | €9,707 | -€27,566 | -74.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €49,928 | €151,444 | +€101,516 | +203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,307 | €2,701 | +€395 | +17.1% |
| Other operating charges | 640/8 | €2,928 | €552 | -€2,376 | -81.1% |
| Gross operating margin | 9900 | €94,050 | €181,703 | +€87,653 | +93.2% |
| Operating profit (loss) | 9901 | €38,887 | €27,005 | -€11,882 | -30.6% |
| Financial income | 75/76B | €721 | €4,763 | +€4,042 | +560% |
| Recurring financial income | 75 | €721 | €4,763 | +€4,042 | +560% |
| Financial charges | 65/66B | €21,673 | €25,682 | +€4,009 | +18.5% |
| Recurring financial charges | 65 | €21,673 | €25,682 | +€4,009 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €17,935 | €6,086 | -€11,849 | -66.1% |
| Income taxes | 67/77 | €8,854 | €4,253 | -€4,601 | -52.0% |
| Profit (loss) for the period | 9904 | €9,081 | €1,833 | -€7,248 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,081 | €1,833 | -€7,248 | -79.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.