ALP MEAT: 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.
ALP MEAT
Largest movements
- Cash -€139,181
down €139,181 (-23.0%), from €604,547 to €465,366
mainly Contributions, distributions and other (-€188,077) and Current portion of long-term debt (-€16,004)
- Tangible fixed assets -€40,146
down €40,146 (-44.2%), from €90,852 to €50,706
of which Furniture and vehicles: -€36,170
- Reserves -€139,235
down €139,235 (-24.6%), from €566,193 to €426,958
- Current portion of long-term debt -€16,004
down €16,004 (-57.9%), from €27,643 to €11,639
- Debts after one year -€11,639
down €11,639 (-100%), from €11,639 to €0
- Trade debts -€10,409
down €10,409 (-15.6%), from €66,772 to €56,363
- Gross operating margin -€44,773
down €44,773 (-29.9%), from €149,952 to €105,178
- Taxes -€8,361
down €8,361 (-39.6%), from €21,097 to €12,736
- Financial income +€2,859
up €2,859 (+136%), from €2,103 to €4,962
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 | €724,191 | €543,270 | -€180,920 | -25.0% |
| Fixed assets | 21/28 | €90,852 | €50,706 | -€40,146 | -44.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €90,852 | €50,706 | -€40,146 | -44.2% |
| Plant, machinery and equipment | 23 | €18,375 | €14,399 | -€3,976 | -21.6% |
| Furniture and vehicles | 24 | €72,477 | €36,307 | -€36,170 | -49.9% |
| Current assets | 29/58 | €633,338 | €492,564 | -€140,775 | -22.2% |
| Stocks and contracts in progress | 3 | €18,157 | €12,131 | -€6,026 | -33.2% |
| Stocks | 30/36 | €18,157 | €12,131 | -€6,026 | -33.2% |
| Amounts receivable within one year | 40/41 | €5,261 | €9,341 | +€4,079 | +77.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,261 | €9,341 | +€4,079 | +77.5% |
| Cash at bank and in hand | 54/58 | €604,547 | €465,366 | -€139,181 | -23.0% |
| Deferred charges and accrued income | 490/1 | €5,373 | €5,726 | +€354 | +6.6% |
| Total equity and liabilities | 10/49 | €724,191 | €543,270 | -€180,920 | -25.0% |
| Equity | 10/15 | €584,743 | €445,509 | -€139,234 | -23.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €566,193 | €426,958 | -€139,235 | -24.6% |
| Distributable reserves | 133 | €566,193 | €426,958 | -€139,235 | -24.6% |
| Profit (loss) carried forward | 14 | €0 | €1 | +€0 | +41.3% |
| Amounts payable | 17/49 | €139,447 | €97,761 | -€41,686 | -29.9% |
| Amounts payable after more than one year | 17 | €11,639 | €0 | -€11,639 | -100% |
| Financial debts | 170/4 | €11,639 | €0 | -€11,639 | -100% |
| Amounts payable within one year | 42/48 | €124,963 | €97,761 | -€27,202 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €27,643 | €11,639 | -€16,004 | -57.9% |
| Trade debts | 44 | €66,772 | €56,363 | -€10,409 | -15.6% |
| Suppliers | 440/4 | €66,772 | €56,363 | -€10,409 | -15.6% |
| Taxes, remuneration and social security | 45 | €4,189 | €2,970 | -€1,218 | -29.1% |
| Taxes | 450/3 | €1,689 | €470 | -€1,218 | -72.1% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €26,360 | €26,789 | +€429 | +1.6% |
| Accrued charges and deferred income | 492/3 | €2,845 | €0 | -€2,845 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,065 | €40,146 | +€1,081 | +2.8% |
| Other operating charges | 640/8 | €1,677 | €1,700 | +€23 | +1.4% |
| Gross operating margin | 9900 | €149,952 | €105,178 | -€44,773 | -29.9% |
| Operating profit (loss) | 9901 | €109,210 | €63,332 | -€45,878 | -42.0% |
| Financial income | 75/76B | €2,103 | €4,962 | +€2,859 | +136% |
| Recurring financial income | 75 | €2,103 | €4,962 | +€2,859 | +136% |
| Financial charges | 65/66B | €7,686 | €6,716 | -€969 | -12.6% |
| Recurring financial charges | 65 | €7,686 | €6,716 | -€969 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €103,628 | €61,579 | -€42,049 | -40.6% |
| Income taxes | 67/77 | €21,097 | €12,736 | -€8,361 | -39.6% |
| Profit (loss) for the period | 9904 | €82,531 | €48,842 | -€33,688 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,531 | €48,842 | -€33,688 | -40.8% |
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 26 October 2026 via checked.be.