ALPAFINA: what changed
What changed
ALPAFINA
filed annual accounts (NBB)
Net result for the year
€495,326
2024 · €492,963+€2,363
Equity
€4.3m
2024 · €4.3m-€4,674
Cash
€43,093
2024 · €35,228+€7,865
Balance sheet total
€4.4m
2024 · €4.4m-€3,224
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€2,315
up €2,315 (+37.4%), from €6,187 to €8,502
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€492,963
Gross operating margin
+€2,315
Other operating charges
+€1
Financial income
+€48
Financial charges
-€2
Result 2025
€495,326
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€507,865
Investment
€0
Financing
-€500,000
Cash 2024
€35,228
From operations (derived)
+€507,865
Net result for the year
+€495,326
Depreciation
+€11,124
Receivables within one year
-€35
Trade debts
+€1,450
Financing
-€500,000
Contributions, distributions and other
-€500,000
Cash 2025
€43,093
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,387,270 | €4,384,046 | -€3,224 | -0.1% |
| Fixed assets | 21/28 | €4,351,983 | €4,340,859 | -€11,124 | -0.3% |
| Tangible fixed assets | 22/27 | €338,801 | €327,678 | -€11,124 | -3.3% |
| Land and buildings | 22 | €338,801 | €327,678 | -€11,124 | -3.3% |
| Financial fixed assets | 28 | €4,013,182 | €4,013,182 | = | 0.0% |
| Current assets | 29/58 | €35,287 | €43,187 | +€7,900 | +22.4% |
| Amounts receivable within one year | 40/41 | €59 | €94 | +€35 | +59.0% |
| Other amounts receivable | 41 | €59 | €94 | +€35 | +59.0% |
| Cash at bank and in hand | 54/58 | €35,228 | €43,093 | +€7,865 | +22.3% |
| Total equity and liabilities | 10/49 | €4,387,270 | €4,384,046 | -€3,224 | -0.1% |
| Equity | 10/15 | €4,284,891 | €4,280,217 | -€4,674 | -0.1% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Capital | 10 | €67,000 | €67,000 | = | 0.0% |
| Issued capital | 100 | €67,000 | €67,000 | = | 0.0% |
| Reserves | 13 | €4,217,891 | €4,213,217 | -€4,674 | -0.1% |
| Non-distributable reserves | 130/1 | €6,700 | €6,700 | = | 0.0% |
| Legal reserve | 130 | €6,700 | €6,700 | = | 0.0% |
| Distributable reserves | 133 | €4,211,191 | €4,206,517 | -€4,674 | -0.1% |
| Amounts payable | 17/49 | €102,379 | €103,830 | +€1,450 | +1.4% |
| Amounts payable within one year | 42/48 | €102,379 | €103,830 | +€1,450 | +1.4% |
| Trade debts | 44 | €2,379 | €3,830 | +€1,450 | +61.0% |
| Suppliers | 440/4 | €2,379 | €3,830 | +€1,450 | +61.0% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,124 | €11,124 | = | 0.0% |
| Other operating charges | 640/8 | €2,205 | €2,204 | -€1 | -0.1% |
| Gross operating margin | 9900 | €6,187 | €8,502 | +€2,315 | +37.4% |
| Operating profit (loss) | 9901 | -€7,142 | -€4,825 | +€2,317 | +32.4% |
| Financial income | 75/76B | €500,133 | €500,181 | +€48 | 0.0% |
| Recurring financial income | 75 | €500,133 | €500,181 | +€48 | 0.0% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €492,963 | €495,326 | +€2,363 | +0.5% |
| Profit (loss) for the period | 9904 | €492,963 | €495,326 | +€2,363 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €492,963 | €495,326 | +€2,363 | +0.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.