Alpascha: what changed
Two fiscal 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.
Alpascha
Largest movements
- Cash -€9,358
down €9,358 (-4.4%), from €212,045 to €202,687
mainly Investment in fixed assets (net) (-€18,296) and Receivables within one year (-€2,666)
- Tangible fixed assets +€6,551
up €6,551 (+28.1%), from €23,337 to €29,888
of which Plant, machinery and equipment: +€14,286
- Receivables within one year +€2,666
up €2,666, from €0 to €2,666
of which Trade receivables: +€2,190
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€4,585
up €4,585 (+64.0%), from €7,160 to €11,745
- Other operating charges -€1,997
down €1,997 (-48.7%), from €4,103 to €2,105
- Gross operating margin +€1,597
up €1,597 (+10.3%), from €15,483 to €17,080
- Taxes -€602
down €602 (-19.2%), from €3,132 to €2,530
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,532 | €235,391 | -€141 | -0.1% |
| Fixed assets | 21/28 | €23,487 | €30,038 | +€6,551 | +27.9% |
| Tangible fixed assets | 22/27 | €23,337 | €29,888 | +€6,551 | +28.1% |
| Plant, machinery and equipment | 23 | €7,104 | €21,390 | +€14,286 | +201.1% |
| Furniture and vehicles | 24 | €16,233 | €8,498 | -€7,735 | -47.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €212,045 | €205,353 | -€6,692 | -3.2% |
| Amounts receivable within one year | 40/41 | €0 | €2,666 | +€2,666 | |
| Trade receivables | 40 | - | €2,190 | +€2,190 | |
| Other amounts receivable | 41 | €0 | €476 | +€476 | |
| Cash at bank and in hand | 54/58 | €212,045 | €202,687 | -€9,358 | -4.4% |
| Total equity and liabilities | 10/49 | €235,532 | €235,391 | -€141 | -0.1% |
| Equity | 10/15 | €233,802 | €234,430 | +€628 | +0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €168,411 | €169,040 | +€628 | +0.4% |
| Distributable reserves | 133 | €168,411 | €169,040 | +€628 | +0.4% |
| Profit (loss) carried forward | 14 | €46,799 | €46,799 | = | 0.0% |
| Amounts payable | 17/49 | €1,730 | €960 | -€769 | -44.5% |
| Amounts payable within one year | 42/48 | €1,730 | €960 | -€769 | -44.5% |
| Financial debts | 43 | €224 | €196 | -€28 | -12.5% |
| Credit institutions | 430/8 | €224 | €196 | -€28 | -12.5% |
| Trade debts | 44 | €404 | €80 | -€324 | -80.2% |
| Suppliers | 440/4 | €404 | €80 | -€324 | -80.2% |
| Taxes, remuneration and social security | 45 | €1,091 | €150 | -€941 | -86.3% |
| Taxes | 450/3 | €1,091 | €150 | -€941 | -86.3% |
| Other amounts payable | 47/48 | €11 | €535 | +€524 | +4570.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,160 | €11,745 | +€4,585 | +64.0% |
| Other operating charges | 640/8 | €4,103 | €2,105 | -€1,997 | -48.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €15,483 | €17,080 | +€1,597 | +10.3% |
| Operating profit (loss) | 9901 | €4,221 | €3,230 | -€991 | -23.5% |
| Financial income | 75/76B | €0 | €6 | +€6 | +56800.0% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +56800.0% |
| Financial charges | 65/66B | €65 | €78 | +€13 | +19.7% |
| Recurring financial charges | 65 | €65 | €78 | +€13 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €4,156 | €3,158 | -€998 | -24.0% |
| Income taxes | 67/77 | €3,132 | €2,530 | -€602 | -19.2% |
| Profit (loss) for the period | 9904 | €1,024 | €628 | -€396 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,024 | €628 | -€396 | -38.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.