ALPA: what changed
Two fiscal 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.
What changed
ALPA
NACE 90.399, Other support activities for arts and performing arts
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€94,741
2024 · -€43,650-€51,091
Equity
€2.1m
2024 · €2.2m-€94,741
Cash
€22,575
2024 · €27,546-€4,970
Balance sheet total
€8.3m
2024 · €8.4m-€140,965
Largest movements
Assets
- Tangible fixed assets -€138,908
down €138,908 (-7.0%), from €2.0m to €1.8m
of which Leasing and similar rights: -€96,529
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€44,376
down €44,376 (-30.3%), from €146,233 to €101,857
- Depreciation +€6,654
up €6,654 (+4.2%), from €159,019 to €165,673
- Staff costs +€3,987
up €3,987, from -€3,457 to €531
- Other operating charges -€2,668
down €2,668 (-24.1%), from €11,090 to €8,422
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.
Result 2024
-€43,650
Gross operating margin
-€44,376
Staff costs
-€3,987
Depreciation
-€6,654
Other operating charges
+€2,668
Financial income
+€257
Financial charges
+€997
Taxes
+€4
Result 2025
-€94,741
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.
From operations
+€60,339
Investment
-€26,765
Financing
-€38,544
Cash 2024
€27,546
From operations (derived)
+€60,339
Net result for the year
-€94,741
Depreciation
+€165,673
Receivables within one year
-€3,686
Deferred charges and accrued income
+€772
Provisions
-€24,550
Trade debts
+€12,921
Tax, wage and social debts
+€3,949
Investment (derived)
-€26,765
Investment in fixed assets (net)
-€26,765
Financing
-€38,544
Debts after one year
-€40,538
Current portion of long-term debt
+€1,994
Cash 2025
€22,575
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,432,303 | €8,291,338 | -€140,965 | -1.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €8,190,354 | €8,051,446 | -€138,908 | -1.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,979,225 | €1,840,317 | -€138,908 | -7.0% |
| Land and buildings | 22 | €1,518,919 | €1,474,805 | -€44,115 | -2.9% |
| Plant, machinery and equipment | 23 | €19,099 | €23,769 | +€4,670 | +24.5% |
| Furniture and vehicles | 24 | €79,368 | €65,115 | -€14,253 | -18.0% |
| Leasing and similar rights | 25 | €329,808 | €233,279 | -€96,529 | -29.3% |
| Other tangible fixed assets | 26 | €32,031 | €43,349 | +€11,318 | +35.3% |
| Financial fixed assets | 28 | €6,211,129 | €6,211,129 | = | 0.0% |
| Current assets | 29/58 | €241,949 | €239,892 | -€2,057 | -0.8% |
| Amounts receivable after more than one year | 29 | €39,999 | €39,999 | = | 0.0% |
| Trade receivables | 290 | €39,999 | €39,999 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €171,038 | €174,724 | +€3,686 | +2.2% |
| Trade receivables | 40 | €58,538 | €62,224 | +€3,686 | +6.3% |
| Other amounts receivable | 41 | €112,500 | €112,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,546 | €22,575 | -€4,970 | -18.0% |
| Deferred charges and accrued income | 490/1 | €3,366 | €2,594 | -€772 | -22.9% |
| Total equity and liabilities | 10/49 | €8,432,303 | €8,291,338 | -€140,965 | -1.7% |
| Equity | 10/15 | €2,152,526 | €2,057,786 | -€94,741 | -4.4% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €217,651 | €217,651 | = | 0.0% |
| Issued capital | 100 | €217,651 | €217,651 | = | 0.0% |
| Outside capital | 11 | €30,243 | €30,243 | = | 0.0% |
| Share premium | 1100/10 | €30,243 | €30,243 | = | 0.0% |
| Revaluation surpluses | 12 | €853,617 | €853,617 | = | 0.0% |
| Reserves | 13 | €2,146,458 | €2,098,781 | -€47,677 | -2.2% |
| Non-distributable reserves | 130/1 | €21,765 | €21,765 | = | 0.0% |
| Legal reserve | 130 | €21,765 | €21,765 | = | 0.0% |
| Tax-exempt reserves | 132 | €174,942 | €127,265 | -€47,677 | -27.3% |
| Distributable reserves | 133 | €1,949,751 | €1,949,751 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,095,443 | -€1,142,506 | -€47,064 | -4.3% |
| Provisions and deferred taxes | 16 | €80,427 | €55,877 | -€24,550 | -30.5% |
| Deferred taxes | 168 | €80,427 | €55,877 | -€24,550 | -30.5% |
| Amounts payable | 17/49 | €6,199,350 | €6,177,676 | -€21,674 | -0.3% |
| Amounts payable after more than one year | 17 | €6,070,835 | €6,030,297 | -€40,538 | -0.7% |
| Financial debts | 170/4 | €6,070,835 | €6,030,297 | -€40,538 | -0.7% |
| Amounts payable within one year | 42/48 | €128,515 | €147,379 | +€18,864 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €98,282 | €100,276 | +€1,994 | +2.0% |
| Trade debts | 44 | €12,028 | €24,949 | +€12,921 | +107.4% |
| Suppliers | 440/4 | €12,028 | €24,949 | +€12,921 | +107.4% |
| Taxes, remuneration and social security | 45 | €18,205 | €22,154 | +€3,949 | +21.7% |
| Taxes | 450/3 | €14,982 | €18,932 | +€3,949 | +26.4% |
| Remuneration and social security | 454/9 | €3,222 | €3,222 | = | 0.0% |
| Non-recurring operating income | 76A | €6,849 | €0 | -€6,849 | -100.0% |
| Remuneration, social security and pensions | 62 | -€3,457 | €531 | +€3,987 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,019 | €165,673 | +€6,654 | +4.2% |
| Other operating charges | 640/8 | €11,090 | €8,422 | -€2,668 | -24.1% |
| Gross operating margin | 9900 | €146,233 | €101,857 | -€44,376 | -30.3% |
| Operating profit (loss) | 9901 | -€20,420 | -€72,769 | -€52,349 | -256.4% |
| Financial income | 75/76B | - | €257 | +€257 | |
| Recurring financial income | 75 | - | €257 | +€257 | |
| Financial charges | 65/66B | €47,587 | €46,591 | -€997 | -2.1% |
| Recurring financial charges | 65 | €47,587 | €46,591 | -€997 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€68,007 | -€119,102 | -€51,095 | -75.1% |
| Transfer from deferred taxes | 780 | €24,550 | €24,550 | = | 0.0% |
| Income taxes | 67/77 | €193 | €188 | -€4 | -2.3% |
| Profit (loss) for the period | 9904 | -€43,650 | -€94,741 | -€51,091 | -117.0% |
| Transfer from tax-exempt reserves | 789 | €47,677 | €47,677 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,027 | -€47,064 | -€51,091 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.