ALPAGOTA: 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.
ALPAGOTA
Largest movements
- Tangible fixed assets +€11,454
up €11,454 (+66.9%), from €17,133 to €28,587
of which Furniture and vehicles: +€15,593
- Receivables within one year +€9,922
up €9,922 (+135%), from €7,375 to €17,297
of which Other amounts receivable: +€5,919
- Cash -€5,469
down €5,469 (-16.2%), from €33,845 to €28,375
mainly Investment in fixed assets (net) (-€18,336) and Receivables within one year (-€9,922)
- Stocks and contracts -€4,215
down €4,215 (-15.1%), from €27,915 to €23,700
- Intangible fixed assets -€3,603
down €3,603 (-47.4%), from €7,607 to €4,003
- Trade debts -€8,037
down €8,037 (-53.9%), from €14,916 to €6,878
- Current portion of long-term debt +€7,492
new in 2025: €7,492
- Debts after one year +€5,452
new in 2025: €5,452
- Profit (loss) carried forward +€4,457
up €4,457 (+9.1%), from -€48,757 to -€44,300
- Other debts -€1,992
down €1,992 (-2.4%), from €81,963 to €79,970
- Gross operating margin +€10,288
up €10,288 (+92.1%), from €11,169 to €21,457
- Depreciation +€2,690
up €2,690 (+34.5%), from €7,795 to €10,485
- Financial charges +€2,073
up €2,073 (+117%), from €1,766 to €3,839
- Other operating charges +€383
up €383 (+19.2%), from €1,991 to €2,374
- Financial income -€350
down €350 (-97.9%), from €358 to €8
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.
Derived cash bridge
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 | €94,993 | €103,211 | +€8,218 | +8.7% |
| Fixed assets | 21/28 | €25,623 | €33,474 | +€7,851 | +30.6% |
| Intangible fixed assets | 21 | €7,607 | €4,003 | -€3,603 | -47.4% |
| Tangible fixed assets | 22/27 | €17,133 | €28,587 | +€11,454 | +66.9% |
| Furniture and vehicles | 24 | - | €15,593 | +€15,593 | |
| Other tangible fixed assets | 26 | €17,133 | €12,994 | -€4,139 | -24.2% |
| Financial fixed assets | 28 | €883 | €883 | = | 0.0% |
| Current assets | 29/58 | €69,371 | €69,738 | +€367 | +0.5% |
| Stocks and contracts in progress | 3 | €27,915 | €23,700 | -€4,215 | -15.1% |
| Stocks | 30/36 | €27,915 | €23,700 | -€4,215 | -15.1% |
| Amounts receivable within one year | 40/41 | €7,375 | €17,297 | +€9,922 | +135% |
| Trade receivables | 40 | €2,725 | €6,727 | +€4,003 | +147% |
| Other amounts receivable | 41 | €4,650 | €10,569 | +€5,919 | +127% |
| Cash at bank and in hand | 54/58 | €33,845 | €28,375 | -€5,469 | -16.2% |
| Deferred charges and accrued income | 490/1 | €236 | €366 | +€130 | +55.0% |
| Total equity and liabilities | 10/49 | €94,993 | €103,211 | +€8,218 | +8.7% |
| Equity | 10/15 | -€2,907 | €1,550 | +€4,457 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,250 | €27,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,250 | €27,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,757 | -€44,300 | +€4,457 | +9.1% |
| Amounts payable | 17/49 | €97,900 | €101,661 | +€3,761 | +3.8% |
| Amounts payable after more than one year | 17 | - | €5,452 | +€5,452 | |
| Financial debts | 170/4 | - | €5,452 | +€5,452 | |
| Amounts payable within one year | 42/48 | €97,593 | €95,901 | -€1,692 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,492 | +€7,492 | |
| Trade debts | 44 | €14,916 | €6,878 | -€8,037 | -53.9% |
| Suppliers | 440/4 | €14,916 | €6,878 | -€8,037 | -53.9% |
| Taxes, remuneration and social security | 45 | €715 | €1,561 | +€846 | +118% |
| Taxes | 450/3 | €715 | €1,561 | +€846 | +118% |
| Other amounts payable | 47/48 | €81,963 | €79,970 | -€1,992 | -2.4% |
| Accrued charges and deferred income | 492/3 | €307 | €307 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,795 | €10,485 | +€2,690 | +34.5% |
| Other operating charges | 640/8 | €1,991 | €2,374 | +€383 | +19.2% |
| Gross operating margin | 9900 | €11,169 | €21,457 | +€10,288 | +92.1% |
| Operating profit (loss) | 9901 | €1,383 | €8,598 | +€7,214 | +521% |
| Financial income | 75/76B | €358 | €8 | -€350 | -97.9% |
| Recurring financial income | 75 | €358 | €8 | -€350 | -97.9% |
| Financial charges | 65/66B | €1,766 | €3,839 | +€2,073 | +117% |
| Recurring financial charges | 65 | €1,766 | €3,839 | +€2,073 | +117% |
| Profit (loss) for the period before taxes | 9903 | -€25 | €4,767 | +€4,791 | |
| Income taxes | 67/77 | €320 | €310 | -€10 | -3.2% |
| Profit (loss) for the period | 9904 | -€345 | €4,457 | +€4,802 | |
| Profit (loss) for the period to be appropriated | 9905 | -€345 | €4,457 | +€4,802 |
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 31 October 2026 via checked.be.