ALPACATECH: 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.
ALPACATECH
Largest movements
- Cash -€72,041
down €72,041 (-51.0%), from €141,171 to €69,130
mainly Contributions, distributions and other (-€154,187) and Investment in fixed assets (net) (-€84,451)
- Tangible fixed assets +€71,095
up €71,095 (+2047.9%), from €3,472 to €74,567
of which Furniture and vehicles: +€67,408
- Receivables within one year +€8,073
up €8,073 (+17.8%), from €45,298 to €53,371
of which Trade receivables: +€8,073
- Trade debts +€9,215
up €9,215 (+787.7%), from €1,170 to €10,385
- Other debts -€4,577
down €4,577 (-2.7%), from €169,345 to €164,768
- Financial income +€15,748
up €15,748 (+35.8%), from €43,993 to €59,742
- Gross operating margin -€14,499
down €14,499 (-9.2%), from €157,418 to €142,919
- Depreciation +€11,963
up €11,963 (+859.2%), from €1,392 to €13,356
- Taxes -€6,323
down €6,323 (-15.5%), from €40,719 to €34,395
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 | €235,326 | €241,137 | +€5,812 | +2.5% |
| Fixed assets | 21/28 | €44,472 | €115,567 | +€71,095 | +159.9% |
| Tangible fixed assets | 22/27 | €3,472 | €74,567 | +€71,095 | +2047.9% |
| Plant, machinery and equipment | 23 | €2,060 | €5,748 | +€3,688 | +179.0% |
| Furniture and vehicles | 24 | €1,412 | €68,819 | +€67,408 | +4775.1% |
| Financial fixed assets | 28 | €41,000 | €41,000 | = | 0.0% |
| Current assets | 29/58 | €190,854 | €125,570 | -€65,284 | -34.2% |
| Amounts receivable within one year | 40/41 | €45,298 | €53,371 | +€8,073 | +17.8% |
| Trade receivables | 40 | €45,298 | €53,371 | +€8,073 | +17.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €141,171 | €69,130 | -€72,041 | -51.0% |
| Deferred charges and accrued income | 490/1 | €4,385 | €3,069 | -€1,316 | -30.0% |
| Total equity and liabilities | 10/49 | €235,326 | €241,137 | +€5,812 | +2.5% |
| Equity | 10/15 | €42,517 | €42,517 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,917 | €23,917 | = | 0.0% |
| Distributable reserves | 133 | €23,917 | €23,917 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €192,809 | €198,620 | +€5,812 | +3.0% |
| Amounts payable within one year | 42/48 | €192,809 | €196,899 | +€4,090 | +2.1% |
| Trade debts | 44 | €1,170 | €10,385 | +€9,215 | +787.7% |
| Suppliers | 440/4 | €1,170 | €10,385 | +€9,215 | +787.7% |
| Taxes, remuneration and social security | 45 | €22,294 | €21,745 | -€549 | -2.5% |
| Taxes | 450/3 | €22,294 | €21,745 | -€549 | -2.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €169,345 | €164,768 | -€4,577 | -2.7% |
| Accrued charges and deferred income | 492/3 | - | €1,722 | +€1,722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,392 | €13,356 | +€11,963 | +859.2% |
| Other operating charges | 640/8 | €536 | €487 | -€49 | -9.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €157,418 | €142,919 | -€14,499 | -9.2% |
| Operating profit (loss) | 9901 | €155,490 | €129,076 | -€26,414 | -17.0% |
| Financial income | 75/76B | €43,993 | €59,742 | +€15,748 | +35.8% |
| Recurring financial income | 75 | €43,993 | €59,742 | +€15,748 | +35.8% |
| Financial charges | 65/66B | €269 | €236 | -€33 | -12.3% |
| Recurring financial charges | 65 | €269 | €236 | -€33 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €199,214 | €188,582 | -€10,632 | -5.3% |
| Income taxes | 67/77 | €40,719 | €34,395 | -€6,323 | -15.5% |
| Profit (loss) for the period | 9904 | €158,496 | €154,187 | -€4,309 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €158,496 | €154,187 | -€4,309 | -2.7% |
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 10 October 2026 via checked.be.