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.
ALPA
Largest movements
- Receivables within one year -€20,290
down €20,290 (-90.4%), from €22,434 to €2,144
of which Trade receivables: -€15,046
- Tangible fixed assets -€17,703
down €17,703 (-12.7%), from €139,932 to €122,229
of which Furniture and vehicles: -€10,427
- Cash +€14,144
up €14,144 (+17.2%), from €82,146 to €96,290
mainly Other debts (+€29,349) and Receivables within one year (+€20,290)
- Reserves -€38,343
down €38,343 (-23.6%), from €162,457 to €124,114
- Other debts +€29,349
up €29,349 (+15742.7%), from €186 to €29,535
- Debts after one year -€12,403
down €12,403 (-22.0%), from €56,305 to €43,903
- Profit (loss) carried forward -€3,797
no longer reported in 2025 (was €3,797)
- Gross operating margin -€625
down €625 (-1.2%), from €52,969 to €52,344
- Financial charges -€584
down €584 (-16.0%), from €3,663 to €3,078
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 | €245,644 | €222,564 | -€23,080 | -9.4% |
| Fixed assets | 21/28 | €139,932 | €122,229 | -€17,703 | -12.7% |
| Tangible fixed assets | 22/27 | €139,932 | €122,229 | -€17,703 | -12.7% |
| Land and buildings | 22 | €97,739 | €90,158 | -€7,582 | -7.8% |
| Plant, machinery and equipment | 23 | €2,035 | €2,341 | +€306 | +15.1% |
| Furniture and vehicles | 24 | €40,157 | €29,730 | -€10,427 | -26.0% |
| Current assets | 29/58 | €105,712 | €100,335 | -€5,377 | -5.1% |
| Amounts receivable within one year | 40/41 | €22,434 | €2,144 | -€20,290 | -90.4% |
| Trade receivables | 40 | €15,046 | - | -€15,046 | |
| Other amounts receivable | 41 | €7,388 | €2,144 | -€5,244 | -71.0% |
| Cash at bank and in hand | 54/58 | €82,146 | €96,290 | +€14,144 | +17.2% |
| Deferred charges and accrued income | 490/1 | €1,132 | €1,901 | +€769 | +68.0% |
| Total equity and liabilities | 10/49 | €245,644 | €222,564 | -€23,080 | -9.4% |
| Equity | 10/15 | €175,359 | €133,219 | -€42,140 | -24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €2,905 | €2,905 | = | 0.0% |
| Reserves | 13 | €162,457 | €124,114 | -€38,343 | -23.6% |
| Distributable reserves | 133 | €162,457 | €124,114 | -€38,343 | -23.6% |
| Profit (loss) carried forward | 14 | €3,797 | - | -€3,797 | |
| Amounts payable | 17/49 | €70,285 | €89,345 | +€19,060 | +27.1% |
| Amounts payable after more than one year | 17 | €56,305 | €43,903 | -€12,403 | -22.0% |
| Financial debts | 170/4 | €56,305 | €43,903 | -€12,403 | -22.0% |
| Amounts payable within one year | 42/48 | €13,980 | €45,442 | +€31,462 | +225.1% |
| Current portion of amounts payable after more than one year | 42 | €11,881 | €12,403 | +€521 | +4.4% |
| Trade debts | 44 | €1,112 | €3,330 | +€2,218 | +199.5% |
| Suppliers | 440/4 | €1,112 | €3,330 | +€2,218 | +199.5% |
| Taxes, remuneration and social security | 45 | €800 | €174 | -€626 | -78.3% |
| Taxes | 450/3 | €800 | €26 | -€774 | -96.7% |
| Remuneration and social security | 454/9 | - | €148 | +€148 | |
| Other amounts payable | 47/48 | €186 | €29,535 | +€29,349 | +15742.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,731 | €18,737 | +€6 | 0.0% |
| Other operating charges | 640/8 | €2,369 | €2,746 | +€377 | +15.9% |
| Gross operating margin | 9900 | €52,969 | €52,344 | -€625 | -1.2% |
| Operating profit (loss) | 9901 | €31,869 | €30,861 | -€1,008 | -3.2% |
| Financial income | 75/76B | €45 | €302 | +€257 | +577.3% |
| Recurring financial income | 75 | €45 | €302 | +€257 | +577.3% |
| Financial charges | 65/66B | €3,663 | €3,078 | -€584 | -16.0% |
| Recurring financial charges | 65 | €3,663 | €3,078 | -€584 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €28,251 | €28,085 | -€166 | -0.6% |
| Income taxes | 67/77 | €8,213 | €8,116 | -€97 | -1.2% |
| Profit (loss) for the period | 9904 | €20,039 | €19,969 | -€70 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,039 | €19,969 | -€70 | -0.3% |
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 7 October 2026 via checked.be.