Alpea: 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.
Alpea
Largest movements
- Tangible fixed assets -€4,730
down €4,730 (-54.7%), from €8,653 to €3,923
of which Land and buildings: -€3,923
- Receivables within one year +€3,960
new in 2025: €3,960
- Cash +€209
up €209 (+2.2%), from €9,410 to €9,619
mainly Net result for the year (+€10,991) and Depreciation (+€4,730)
- Profit (loss) carried forward +€10,991
up €10,991 (+37.4%), from -€29,388 to -€18,397
- Other debts -€7,737
down €7,737 (-39.0%), from €19,858 to €12,122
- Debts after one year -€3,715
down €3,715 (-70.3%), from €5,286 to €1,571
- Gross operating margin +€7,177
up €7,177 (+71.5%), from €10,034 to €17,211
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 | €19,059 | €18,680 | -€379 | -2.0% |
| Fixed assets | 21/28 | €8,653 | €3,923 | -€4,730 | -54.7% |
| Tangible fixed assets | 22/27 | €8,653 | €3,923 | -€4,730 | -54.7% |
| Land and buildings | 22 | €7,845 | €3,923 | -€3,923 | -50.0% |
| Furniture and vehicles | 24 | €807 | - | -€807 | |
| Current assets | 29/58 | €10,406 | €14,757 | +€4,351 | +41.8% |
| Amounts receivable within one year | 40/41 | - | €3,960 | +€3,960 | |
| Trade receivables | 40 | - | €3,960 | +€3,960 | |
| Cash at bank and in hand | 54/58 | €9,410 | €9,619 | +€209 | +2.2% |
| Deferred charges and accrued income | 490/1 | €996 | €1,178 | +€182 | +18.3% |
| Total equity and liabilities | 10/49 | €19,059 | €18,680 | -€379 | -2.0% |
| Equity | 10/15 | -€9,719 | €1,272 | +€10,991 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,069 | €1,069 | = | 0.0% |
| Distributable reserves | 133 | €1,069 | €1,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,388 | -€18,397 | +€10,991 | +37.4% |
| Amounts payable | 17/49 | €28,778 | €17,408 | -€11,370 | -39.5% |
| Amounts payable after more than one year | 17 | €5,286 | €1,571 | -€3,715 | -70.3% |
| Financial debts | 170/4 | €5,286 | €1,571 | -€3,715 | -70.3% |
| Amounts payable within one year | 42/48 | €23,492 | €15,837 | -€7,655 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €3,633 | €3,715 | +€81 | +2.2% |
| Other amounts payable | 47/48 | €19,858 | €12,122 | -€7,737 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,779 | €4,730 | -€49 | -1.0% |
| Other operating charges | 640/8 | €1,149 | €1,184 | +€35 | +3.0% |
| Gross operating margin | 9900 | €10,034 | €17,211 | +€7,177 | +71.5% |
| Operating profit (loss) | 9901 | €4,105 | €11,296 | +€7,191 | +175% |
| Financial charges | 65/66B | €385 | €305 | -€80 | -20.7% |
| Recurring financial charges | 65 | €385 | €305 | -€80 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €3,720 | €10,991 | +€7,271 | +195% |
| Profit (loss) for the period | 9904 | €3,720 | €10,991 | +€7,271 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €3,720 | €10,991 | +€7,271 | +195% |
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 24 October 2026 via checked.be.