Alpaflow: what changed
Alpaflow
Largest movements
- Cash +€243,457
up €243,457 (+1,118%), from €21,783 to €265,240
mainly Receivables within one year (+€183,324) and Current portion of long-term debt (+€55,414)
- Receivables within one year -€183,324
down €183,324 (-66.6%), from €275,124 to €91,799
of which Other amounts receivable: -€114,942
- Current portion of long-term debt +€55,414
up €55,414 (+211%), from €26,279 to €81,692
- Other debts +€34,000
up €34,000 (+370%), from €9,192 to €43,192
- Tax, wage and social debts -€9,800
down €9,800 (-23.4%), from €41,864 to €32,064
of which Remuneration and social security: -€7,224
- Accrued charges and deferred income -€7,676
down €7,676 (-9.7%), from €79,208 to €71,532
- Trade debts -€6,916
down €6,916 (-14.5%), from €47,782 to €40,865
- Gross operating margin -€33,059
down €33,059 (-4.1%), from €807,268 to €774,209
- Staff costs -€24,140
down €24,140 (-3.1%), from €782,994 to €758,853
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,294 | €375,991 | +€66,697 | +21.6% |
| Fixed assets | 21/28 | €12,387 | €18,951 | +€6,564 | +53.0% |
| Tangible fixed assets | 22/27 | €12,387 | €15,251 | +€2,864 | +23.1% |
| Furniture and vehicles | 24 | €12,387 | €15,251 | +€2,864 | +23.1% |
| Financial fixed assets | 28 | - | €3,700 | +€3,700 | |
| Current assets | 29/58 | €296,907 | €357,040 | +€60,133 | +20.3% |
| Amounts receivable within one year | 40/41 | €275,124 | €91,799 | -€183,324 | -66.6% |
| Trade receivables | 40 | €122,929 | €54,547 | -€68,383 | -55.6% |
| Other amounts receivable | 41 | €152,194 | €37,253 | -€114,942 | -75.5% |
| Cash at bank and in hand | 54/58 | €21,783 | €265,240 | +€243,457 | +1,118% |
| Total equity and liabilities | 10/49 | €309,294 | €375,991 | +€66,697 | +21.6% |
| Equity | 10/15 | €104,969 | €106,645 | +€1,676 | +1.6% |
| Contributions | 10/11 | €62,710 | €62,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,259 | €43,935 | +€1,676 | +4.0% |
| Amounts payable | 17/49 | €204,325 | €269,346 | +€65,021 | +31.8% |
| Amounts payable within one year | 42/48 | €125,117 | €197,814 | +€72,697 | +58.1% |
| Current portion of amounts payable after more than one year | 42 | €26,279 | €81,692 | +€55,414 | +211% |
| Trade debts | 44 | €47,782 | €40,865 | -€6,916 | -14.5% |
| Suppliers | 440/4 | €47,782 | €40,865 | -€6,916 | -14.5% |
| Taxes, remuneration and social security | 45 | €41,864 | €32,064 | -€9,800 | -23.4% |
| Taxes | 450/3 | €4,597 | €2,020 | -€2,576 | -56.0% |
| Remuneration and social security | 454/9 | €37,268 | €30,044 | -€7,224 | -19.4% |
| Other amounts payable | 47/48 | €9,192 | €43,192 | +€34,000 | +370% |
| Accrued charges and deferred income | 492/3 | €79,208 | €71,532 | -€7,676 | -9.7% |
| Remuneration, social security and pensions | 62 | €782,994 | €758,853 | -€24,140 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,871 | €5,438 | +€567 | +11.6% |
| Other operating charges | 640/8 | €552 | €82 | -€470 | -85.1% |
| Gross operating margin | 9900 | €807,268 | €774,209 | -€33,059 | -4.1% |
| Operating profit (loss) | 9901 | €18,851 | €9,835 | -€9,016 | -47.8% |
| Financial charges | 65/66B | €7,011 | €5,489 | -€1,522 | -21.7% |
| Recurring financial charges | 65 | €4,748 | €5,489 | +€741 | +15.6% |
| Non-recurring financial charges | 66B | €2,263 | - | -€2,263 | |
| Profit (loss) for the period before taxes | 9903 | €11,841 | €4,347 | -€7,494 | -63.3% |
| Income taxes | 67/77 | €4,127 | €2,671 | -€1,456 | -35.3% |
| Profit (loss) for the period | 9904 | €7,714 | €1,676 | -€6,038 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,714 | €1,676 | -€6,038 | -78.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.