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
- Tangible fixed assets -€20,535
down €20,535 (-4.5%), from €455,427 to €434,893
of which Land and buildings: -€20,478
- Profit (loss) carried forward -€8,210
down €8,210 (-19.9%), from -€41,326 to -€49,536
- Gross operating margin +€4,934
up €4,934 (+19.6%), from €25,129 to €30,063
- Financial charges -€4,815
down €4,815 (-17.5%), from €27,515 to €22,699
- Other operating charges -€1,071
down €1,071 (-27.5%), from €3,894 to €2,823
- Financial income -€825
down €825 (-18.4%), from €4,485 to €3,659
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €619,465 | €602,780 | -€16,685 | -2.7% |
| Fixed assets | 21/28 | €455,427 | €434,893 | -€20,535 | -4.5% |
| Tangible fixed assets | 22/27 | €455,427 | €434,893 | -€20,535 | -4.5% |
| Land and buildings | 22 | €455,370 | €434,893 | -€20,478 | -4.5% |
| Furniture and vehicles | 24 | €57 | €0 | -€57 | -100.0% |
| Current assets | 29/58 | €164,038 | €167,888 | +€3,850 | +2.3% |
| Amounts receivable within one year | 40/41 | €1,345 | €558 | -€788 | -58.5% |
| Other amounts receivable | 41 | €1,345 | €558 | -€788 | -58.5% |
| Current investments | 50/53 | €135,921 | €135,921 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,771 | €31,409 | +€4,638 | +17.3% |
| Total equity and liabilities | 10/49 | €619,465 | €602,780 | -€16,685 | -2.7% |
| Equity | 10/15 | €239,044 | €227,741 | -€11,303 | -4.7% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €94,370 | €91,277 | -€3,093 | -3.3% |
| Non-distributable reserves | 130/1 | €5,400 | €5,400 | = | 0.0% |
| Legal reserve | 130 | €5,400 | €5,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,560 | €15,467 | -€3,093 | -16.7% |
| Distributable reserves | 133 | €70,410 | €70,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,326 | -€49,536 | -€8,210 | -19.9% |
| Provisions and deferred taxes | 16 | €6,187 | €5,156 | -€1,031 | -16.7% |
| Deferred taxes | 168 | €6,187 | €5,156 | -€1,031 | -16.7% |
| Amounts payable | 17/49 | €374,234 | €369,884 | -€4,350 | -1.2% |
| Amounts payable within one year | 42/48 | €374,234 | €369,884 | -€4,350 | -1.2% |
| Trade debts | 44 | €1,749 | €2,140 | +€391 | +22.4% |
| Suppliers | 440/4 | €1,749 | €2,140 | +€391 | +22.4% |
| Taxes, remuneration and social security | 45 | €8,223 | €6,801 | -€1,423 | -17.3% |
| Taxes | 450/3 | €8,223 | €6,801 | -€1,423 | -17.3% |
| Other amounts payable | 47/48 | €364,262 | €360,943 | -€3,319 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,819 | €20,535 | -€284 | -1.4% |
| Other operating charges | 640/8 | €3,894 | €2,823 | -€1,071 | -27.5% |
| Gross operating margin | 9900 | €25,129 | €30,063 | +€4,934 | +19.6% |
| Operating profit (loss) | 9901 | €416 | €6,705 | +€6,289 | +1511.9% |
| Financial income | 75/76B | €4,485 | €3,659 | -€825 | -18.4% |
| Recurring financial income | 75 | €4,485 | €3,659 | -€825 | -18.4% |
| Financial charges | 65/66B | €27,515 | €22,699 | -€4,815 | -17.5% |
| Recurring financial charges | 65 | €27,515 | €22,699 | -€4,815 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,614 | -€12,335 | +€10,279 | +45.5% |
| Transfer from deferred taxes | 780 | €1,031 | €1,031 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€21,583 | -€11,303 | +€10,279 | +47.6% |
| Transfer from tax-exempt reserves | 789 | €3,093 | €3,093 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,489 | -€8,210 | +€10,279 | +55.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.