ALPAKA: 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.
What changed
ALPAKA
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€46
2024 · €50,230-€50,276
Equity
€253,431
2024 · €253,477-€46
Cash
€4,807
2024 · €6,883-€2,076
Balance sheet total
€449,725
2024 · €416,685+€33,040
Largest movements
Assets
- Tangible fixed assets +€34,262
up €34,262 (+8.7%), from €394,788 to €429,050
Equity and liabilities
- Debts after one year +€34,000
up €34,000 (+26.0%), from €131,014 to €165,014
Income statement
- Gross operating margin -€62,658
down €62,658 (-76.1%), from €82,337 to €19,679
- Depreciation +€4,465
up €4,465 (+37.5%), from €11,906 to €16,371
- Taxes -€1,906
down €1,906 (-52.4%), from €3,637 to €1,731
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.
Result 2024
€50,230
Gross operating margin
-€62,658
Depreciation
-€4,465
Other operating charges
+€141
Financial income
+€4
Financial charges
-€64
Taxes
+€1,906
Deferred taxes and other
+€14,859
Result 2025
-€46
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.
From operations
+€14,557
Investment
-€50,634
Financing
+€34,000
Cash 2024
€6,883
From operations (derived)
+€14,557
Net result for the year
-€46
Depreciation
+€16,371
Receivables within one year
-€854
Provisions
-€1,747
Trade debts
+€1,101
Tax, wage and social debts
-€1,053
Accrued charges and deferred income
+€785
Investment (derived)
-€50,634
Investment in fixed assets (net)
-€50,634
Financing
+€34,000
Debts after one year
+€34,000
Cash 2025
€4,807
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €416,685 | €449,725 | +€33,040 | +7.9% |
| Fixed assets | 21/28 | €394,788 | €429,050 | +€34,262 | +8.7% |
| Tangible fixed assets | 22/27 | €394,788 | €429,050 | +€34,262 | +8.7% |
| Land and buildings | 22 | €394,788 | €429,050 | +€34,262 | +8.7% |
| Current assets | 29/58 | €21,897 | €20,675 | -€1,222 | -5.6% |
| Amounts receivable within one year | 40/41 | - | €854 | +€854 | |
| Other amounts receivable | 41 | - | €854 | +€854 | |
| Current investments | 50/53 | €15,014 | €15,014 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,883 | €4,807 | -€2,076 | -30.2% |
| Total equity and liabilities | 10/49 | €416,685 | €449,725 | +€33,040 | +7.9% |
| Equity | 10/15 | €253,477 | €253,431 | -€46 | 0.0% |
| Contributions | 10/11 | €7,605 | €7,605 | = | 0.0% |
| Reserves | 13 | €245,872 | €245,826 | -€46 | 0.0% |
| Tax-exempt reserves | 132 | €93,422 | €88,182 | -€5,240 | -5.6% |
| Distributable reserves | 133 | €152,451 | €157,644 | +€5,194 | +3.4% |
| Provisions and deferred taxes | 16 | €31,141 | €29,394 | -€1,747 | -5.6% |
| Deferred taxes | 168 | €31,141 | €29,394 | -€1,747 | -5.6% |
| Amounts payable | 17/49 | €132,067 | €166,900 | +€34,833 | +26.4% |
| Amounts payable after more than one year | 17 | €131,014 | €165,014 | +€34,000 | +26.0% |
| Other amounts payable | 178/9 | €131,014 | €165,014 | +€34,000 | +26.0% |
| Amounts payable within one year | 42/48 | €1,053 | €1,101 | +€48 | +4.6% |
| Trade debts | 44 | - | €1,101 | +€1,101 | |
| Suppliers | 440/4 | - | €1,101 | +€1,101 | |
| Taxes, remuneration and social security | 45 | €1,053 | €0 | -€1,053 | -100.0% |
| Taxes | 450/3 | €1,053 | €0 | -€1,053 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €785 | +€785 | |
| Non-recurring operating income | 76A | €77,673 | €0 | -€77,673 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,906 | €16,371 | +€4,465 | +37.5% |
| Other operating charges | 640/8 | €3,536 | €3,395 | -€141 | -4.0% |
| Gross operating margin | 9900 | €82,337 | €19,679 | -€62,658 | -76.1% |
| Operating profit (loss) | 9901 | €66,895 | -€87 | -€66,982 | |
| Financial income | 75/76B | €281 | €285 | +€4 | +1.5% |
| Recurring financial income | 75 | €281 | €285 | +€4 | +1.5% |
| Financial charges | 65/66B | €196 | €260 | +€64 | +32.4% |
| Recurring financial charges | 65 | €196 | €260 | +€64 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €66,980 | -€62 | -€67,041 | |
| Transfer from deferred taxes | 780 | €4,883 | €1,747 | -€3,136 | -64.2% |
| Transfer to deferred taxes | 680 | €17,995 | €0 | -€17,995 | -100.0% |
| Income taxes | 67/77 | €3,637 | €1,731 | -€1,906 | -52.4% |
| Profit (loss) for the period | 9904 | €50,230 | -€46 | -€50,276 | |
| Transfer from tax-exempt reserves | 789 | €14,648 | €5,240 | -€9,408 | -64.2% |
| Transfer to tax-exempt reserves | 689 | €53,986 | €0 | -€53,986 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,892 | €5,194 | -€5,699 | -52.3% |
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 11 October 2026 via checked.be.