ALPALM BVBA: 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.
ALPALM BVBA
Largest movements
- Cash +€62,490
up €62,490 (+47.1%), from €132,578 to €195,067
mainly Net result for the year (+€98,364) and Investment in fixed assets (net) (+€42,359)
- Financial fixed assets -€50,000
no longer reported in 2025 (was €50,000)
- Current investments +€26,977
up €26,977 (+8.0%), from €335,125 to €362,102
- Receivables within one year +€25,080
up €25,080 (+72.2%), from €34,724 to €59,804
of which Other amounts receivable: +€27,988
- Tangible fixed assets -€13,742
down €13,742 (-5.0%), from €277,374 to €263,632
of which Furniture and vehicles: -€10,445
- Reserves +€41,627
up €41,627 (+7.0%), from €596,612 to €638,239
- Other debts +€38,688
up €38,688 (+72.7%), from €53,233 to €91,921
- Tax, wage and social debts -€19,083
down €19,083 (-87.5%), from €21,815 to €2,732
- Other operating charges +€49,947
up €49,947 (+3,194%), from €1,564 to €51,510
- Taxes -€19,481
down €19,481 (-32.3%), from €60,230 to €40,749
- Financial charges +€3,809
up €3,809 (+112%), from €3,412 to €7,221
- Financial income -€2,818
down €2,818 (-26.4%), from €10,678 to €7,860
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 | €854,200 | €904,506 | +€50,306 | +5.9% |
| Fixed assets | 21/28 | €327,374 | €263,632 | -€63,742 | -19.5% |
| Tangible fixed assets | 22/27 | €277,374 | €263,632 | -€13,742 | -5.0% |
| Land and buildings | 22 | €180,394 | €176,059 | -€4,334 | -2.4% |
| Furniture and vehicles | 24 | €61,941 | €51,496 | -€10,445 | -16.9% |
| Other tangible fixed assets | 26 | €35,040 | €36,077 | +€1,038 | +3.0% |
| Financial fixed assets | 28 | €50,000 | - | -€50,000 | |
| Current assets | 29/58 | €526,826 | €640,873 | +€114,048 | +21.6% |
| Amounts receivable after more than one year | 29 | €18,874 | €19,583 | +€709 | +3.8% |
| Other amounts receivable | 291 | €18,874 | €19,583 | +€709 | +3.8% |
| Amounts receivable within one year | 40/41 | €34,724 | €59,804 | +€25,080 | +72.2% |
| Trade receivables | 40 | €9,881 | €6,973 | -€2,907 | -29.4% |
| Other amounts receivable | 41 | €24,843 | €52,830 | +€27,988 | +113% |
| Current investments | 50/53 | €335,125 | €362,102 | +€26,977 | +8.0% |
| Cash at bank and in hand | 54/58 | €132,578 | €195,067 | +€62,490 | +47.1% |
| Deferred charges and accrued income | 490/1 | €5,525 | €4,316 | -€1,209 | -21.9% |
| Total equity and liabilities | 10/49 | €854,200 | €904,506 | +€50,306 | +5.9% |
| Equity | 10/15 | €655,212 | €696,839 | +€41,627 | +6.4% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €596,612 | €638,239 | +€41,627 | +7.0% |
| Distributable reserves | 133 | €596,612 | €638,239 | +€41,627 | +7.0% |
| Amounts payable | 17/49 | €198,988 | €207,666 | +€8,678 | +4.4% |
| Amounts payable after more than one year | 17 | €106,000 | €98,000 | -€8,000 | -7.5% |
| Financial debts | 170/4 | €106,000 | €98,000 | -€8,000 | -7.5% |
| Amounts payable within one year | 42/48 | €88,443 | €107,068 | +€18,625 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €8,000 | = | 0.0% |
| Trade debts | 44 | €5,395 | €4,415 | -€980 | -18.2% |
| Suppliers | 440/4 | €5,395 | €4,415 | -€980 | -18.2% |
| Taxes, remuneration and social security | 45 | €21,815 | €2,732 | -€19,083 | -87.5% |
| Taxes | 450/3 | €21,815 | €2,732 | -€19,083 | -87.5% |
| Other amounts payable | 47/48 | €53,233 | €91,921 | +€38,688 | +72.7% |
| Accrued charges and deferred income | 492/3 | €4,545 | €2,599 | -€1,946 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,751 | €21,383 | +€631 | +3.0% |
| Other operating charges | 640/8 | €1,564 | €51,510 | +€49,947 | +3,194% |
| Gross operating margin | 9900 | €213,012 | €211,367 | -€1,645 | -0.8% |
| Operating profit (loss) | 9901 | €190,697 | €138,474 | -€52,223 | -27.4% |
| Financial income | 75/76B | €10,678 | €7,860 | -€2,818 | -26.4% |
| Recurring financial income | 75 | €10,678 | €7,860 | -€2,818 | -26.4% |
| Financial charges | 65/66B | €3,412 | €7,221 | +€3,809 | +112% |
| Recurring financial charges | 65 | €3,412 | €7,221 | +€3,809 | +112% |
| Profit (loss) for the period before taxes | 9903 | €197,962 | €139,113 | -€58,850 | -29.7% |
| Income taxes | 67/77 | €60,230 | €40,749 | -€19,481 | -32.3% |
| Profit (loss) for the period | 9904 | €137,732 | €98,364 | -€39,369 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €137,732 | €98,364 | -€39,369 | -28.6% |
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 29 October 2026 via checked.be.