ALPCO: 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.
ALPCO
Largest movements
- Cash -€28,655
down €28,655 (-34.8%), from €82,406 to €53,752
mainly Net result for the year (-€27,260) and Tax, wage and social debts (-€2,316)
- Profit (loss) carried forward -€27,260
down €27,260 (-162.6%), from -€16,764 to -€44,024
- Tax, wage and social debts -€2,316
no longer reported in 2025 (was €2,316)
- Gross operating margin -€9,226
down €9,226 (-51.7%), from -€17,855 to -€27,081
- Other operating charges +€400
new in 2025: €400
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 | €93,487 | €63,907 | -€29,580 | -31.6% |
| Current assets | 29/58 | €93,487 | €63,907 | -€29,580 | -31.6% |
| Amounts receivable within one year | 40/41 | €11,081 | €10,156 | -€925 | -8.3% |
| Trade receivables | 40 | €1,089 | €36 | -€1,053 | -96.7% |
| Other amounts receivable | 41 | €9,992 | €10,120 | +€128 | +1.3% |
| Cash at bank and in hand | 54/58 | €82,406 | €53,752 | -€28,655 | -34.8% |
| Total equity and liabilities | 10/49 | €93,487 | €63,907 | -€29,580 | -31.6% |
| Equity | 10/15 | €91,136 | €63,876 | -€27,260 | -29.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €104,900 | €104,900 | = | 0.0% |
| Distributable reserves | 133 | €104,900 | €104,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,764 | -€44,024 | -€27,260 | -162.6% |
| Amounts payable | 17/49 | €2,351 | €31 | -€2,320 | -98.7% |
| Amounts payable within one year | 42/48 | €2,351 | €31 | -€2,320 | -98.7% |
| Trade debts | 44 | €35 | €31 | -€4 | -10.3% |
| Suppliers | 440/4 | €35 | €31 | -€4 | -10.3% |
| Taxes, remuneration and social security | 45 | €2,316 | - | -€2,316 | |
| Taxes | 450/3 | €2,316 | - | -€2,316 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€17,855 | -€27,081 | -€9,226 | -51.7% |
| Operating profit (loss) | 9901 | -€17,855 | -€27,481 | -€9,626 | -53.9% |
| Financial income | 75/76B | €379 | €370 | -€9 | -2.3% |
| Recurring financial income | 75 | €379 | €370 | -€9 | -2.3% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,611 | -€27,260 | -€9,650 | -54.8% |
| Profit (loss) for the period | 9904 | -€17,611 | -€27,260 | -€9,650 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,611 | -€27,260 | -€9,650 | -54.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.