ALPAT: 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.
ALPAT
Largest movements
- Tangible fixed assets +€560,971
up €560,971 (+18.8%), from €3.0m to €3.5m
- Current investments -€147,853
down €147,853 (-96.9%), from €152,546 to €4,693
- Cash -€75,701
down €75,701 (-82.1%), from €92,256 to €16,555
mainly Investment in fixed assets (net) (-€661,324) and Trade debts (-€19,012)
- Debts after one year +€243,994
up €243,994 (+26.8%), from €908,958 to €1.2m
- Tax, wage and social debts +€43,793
up €43,793, from €0 to €43,793
- Depreciation +€41,015
up €41,015 (+69.1%), from €59,338 to €100,353
- Taxes +€20,058
up €20,058, from -€19,977 to €81
- Financial charges +€15,584
up €15,584 (+77.3%), from €20,169 to €35,753
- Gross operating margin -€12,744
down €12,744 (-6.6%), from €194,147 to €181,403
- Other operating charges +€2,025
up €2,025 (+23.4%), from €8,667 to €10,692
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 | €3,275,890 | €3,608,931 | +€333,041 | +10.2% |
| Fixed assets | 21/28 | €2,985,595 | €3,546,566 | +€560,971 | +18.8% |
| Tangible fixed assets | 22/27 | €2,985,595 | €3,546,566 | +€560,971 | +18.8% |
| Land and buildings | 22 | €2,985,595 | €3,546,566 | +€560,971 | +18.8% |
| Current assets | 29/58 | €290,295 | €62,364 | -€227,930 | -78.5% |
| Amounts receivable within one year | 40/41 | €2,301 | €266 | -€2,035 | -88.4% |
| Other amounts receivable | 41 | €2,301 | €266 | -€2,035 | -88.4% |
| Current investments | 50/53 | €152,546 | €4,693 | -€147,853 | -96.9% |
| Cash at bank and in hand | 54/58 | €92,256 | €16,555 | -€75,701 | -82.1% |
| Deferred charges and accrued income | 490/1 | €43,191 | €40,850 | -€2,341 | -5.4% |
| Total equity and liabilities | 10/49 | €3,275,890 | €3,608,931 | +€333,041 | +10.2% |
| Equity | 10/15 | €2,222,654 | €2,257,869 | +€35,215 | +1.6% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €222,654 | €257,869 | +€35,215 | +15.8% |
| Distributable reserves | 133 | €222,654 | €257,869 | +€35,215 | +15.8% |
| Amounts payable | 17/49 | €1,053,236 | €1,351,062 | +€297,826 | +28.3% |
| Amounts payable after more than one year | 17 | €908,958 | €1,152,951 | +€243,994 | +26.8% |
| Financial debts | 170/4 | €908,958 | €1,152,951 | +€243,994 | +26.8% |
| Amounts payable within one year | 42/48 | €132,839 | €157,777 | +€24,938 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €105,849 | €106,006 | +€157 | +0.1% |
| Trade debts | 44 | €26,990 | €7,978 | -€19,012 | -70.4% |
| Suppliers | 440/4 | €26,990 | €7,978 | -€19,012 | -70.4% |
| Taxes, remuneration and social security | 45 | €0 | €43,793 | +€43,793 | |
| Taxes | 450/3 | €0 | €43,793 | +€43,793 | |
| Accrued charges and deferred income | 492/3 | €11,439 | €40,333 | +€28,894 | +253% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,338 | €100,353 | +€41,015 | +69.1% |
| Other operating charges | 640/8 | €8,667 | €10,692 | +€2,025 | +23.4% |
| Gross operating margin | 9900 | €194,147 | €181,403 | -€12,744 | -6.6% |
| Operating profit (loss) | 9901 | €126,142 | €70,358 | -€55,784 | -44.2% |
| Financial income | 75/76B | €2,510 | €690 | -€1,820 | -72.5% |
| Recurring financial income | 75 | €2,510 | €690 | -€1,820 | -72.5% |
| Financial charges | 65/66B | €20,169 | €35,753 | +€15,584 | +77.3% |
| Recurring financial charges | 65 | €20,169 | €35,753 | +€15,584 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €108,483 | €35,296 | -€73,188 | -67.5% |
| Income taxes | 67/77 | -€19,977 | €81 | +€20,058 | |
| Profit (loss) for the period | 9904 | €128,460 | €35,215 | -€93,246 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €128,460 | €35,215 | -€93,246 | -72.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.