ALPARCOM: 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.
ALPARCOM
Largest movements
- Current investments +€145,255
up €145,255 (+20.4%), from €710,547 to €855,802
- Cash -€49,732
down €49,732 (-37.0%), from €134,531 to €84,799
mainly Current investments (-€145,255) and Receivables within one year (-€15,358)
- Receivables within one year +€15,358
up €15,358 (+35.1%), from €43,699 to €59,057
of which Other amounts receivable: +€7,868
- Reserves +€104,871
up €104,871 (+20.2%), from €518,298 to €623,169
- Financial income +€21,868
up €21,868 (+225%), from €9,714 to €31,582
- Taxes +€7,729
up €7,729 (+18.5%), from €41,873 to €49,602
- Gross operating margin +€4,281
up €4,281 (+3.2%), from €132,776 to €137,057
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 | €922,740 | €1,023,462 | +€100,722 | +10.9% |
| Fixed assets | 21/28 | €32,857 | €22,645 | -€10,212 | -31.1% |
| Tangible fixed assets | 22/27 | €32,667 | €22,455 | -€10,212 | -31.3% |
| Furniture and vehicles | 24 | €32,667 | €22,455 | -€10,212 | -31.3% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €889,883 | €1,000,818 | +€110,935 | +12.5% |
| Amounts receivable within one year | 40/41 | €43,699 | €59,057 | +€15,358 | +35.1% |
| Trade receivables | 40 | €21,230 | €28,720 | +€7,490 | +35.3% |
| Other amounts receivable | 41 | €22,470 | €30,337 | +€7,868 | +35.0% |
| Current investments | 50/53 | €710,547 | €855,802 | +€145,255 | +20.4% |
| Cash at bank and in hand | 54/58 | €134,531 | €84,799 | -€49,732 | -37.0% |
| Deferred charges and accrued income | 490/1 | €1,106 | €1,160 | +€54 | +4.9% |
| Total equity and liabilities | 10/49 | €922,740 | €1,023,462 | +€100,722 | +10.9% |
| Equity | 10/15 | €818,880 | €923,751 | +€104,871 | +12.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €518,298 | €623,169 | +€104,871 | +20.2% |
| Distributable reserves | 133 | €518,298 | €623,169 | +€104,871 | +20.2% |
| Profit (loss) carried forward | 14 | €294,382 | €294,382 | = | 0.0% |
| Amounts payable | 17/49 | €103,861 | €99,712 | -€4,149 | -4.0% |
| Amounts payable within one year | 42/48 | €103,783 | €99,272 | -€4,511 | -4.3% |
| Trade debts | 44 | €1,774 | €69 | -€1,705 | -96.1% |
| Suppliers | 440/4 | €1,774 | €69 | -€1,705 | -96.1% |
| Taxes, remuneration and social security | 45 | €382 | €157 | -€225 | -58.9% |
| Taxes | 450/3 | €382 | €157 | -€225 | -58.9% |
| Other amounts payable | 47/48 | €101,627 | €99,046 | -€2,581 | -2.5% |
| Accrued charges and deferred income | 492/3 | €77 | €440 | +€362 | +468% |
| Non-recurring operating income | 76A | - | €1,480 | +€1,480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,972 | €10,212 | +€241 | +2.4% |
| Other operating charges | 640/8 | €468 | €1,347 | +€880 | +188% |
| Gross operating margin | 9900 | €132,776 | €137,057 | +€4,281 | +3.2% |
| Operating profit (loss) | 9901 | €122,337 | €125,498 | +€3,161 | +2.6% |
| Financial income | 75/76B | €9,714 | €31,582 | +€21,868 | +225% |
| Recurring financial income | 75 | €9,714 | €31,582 | +€21,868 | +225% |
| Financial charges | 65/66B | €2,099 | €2,606 | +€507 | +24.1% |
| Recurring financial charges | 65 | €2,099 | €2,606 | +€507 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €129,951 | €154,474 | +€24,522 | +18.9% |
| Income taxes | 67/77 | €41,873 | €49,602 | +€7,729 | +18.5% |
| Profit (loss) for the period | 9904 | €88,078 | €104,871 | +€16,793 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €88,078 | €104,871 | +€16,793 | +19.1% |
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 27 October 2026 via checked.be.