ALPECCO: 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.
ALPECCO
Largest movements
- Cash -€9,338
down €9,338 (-18.0%), from €51,872 to €42,534
mainly Contributions, distributions and other (-€30,771) and Tax, wage and social debts (-€8,853)
- Receivables within one year -€1,826
down €1,826 (-26.5%), from €6,890 to €5,063
of which Other amounts receivable: -€1,891
- Tax, wage and social debts -€8,853
down €8,853 (-34.9%), from €25,386 to €16,533
- Other debts -€2,401
down €2,401 (-8.3%), from €28,917 to €26,515
- Taxes +€1,426
up €1,426 (+14.9%), from €9,596 to €11,022
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 | €58,762 | €47,598 | -€11,165 | -19.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €58,762 | €47,598 | -€11,165 | -19.0% |
| Amounts receivable within one year | 40/41 | €6,890 | €5,063 | -€1,826 | -26.5% |
| Trade receivables | 40 | €4,990 | €5,056 | +€65 | +1.3% |
| Other amounts receivable | 41 | €1,899 | €8 | -€1,891 | -99.6% |
| Cash at bank and in hand | 54/58 | €51,872 | €42,534 | -€9,338 | -18.0% |
| Total equity and liabilities | 10/49 | €58,762 | €47,598 | -€11,165 | -19.0% |
| Equity | 10/15 | €4,000 | €4,000 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €54,762 | €43,598 | -€11,165 | -20.4% |
| Amounts payable within one year | 42/48 | €54,737 | €43,573 | -€11,165 | -20.4% |
| Trade debts | 44 | €434 | €524 | +€90 | +20.8% |
| Suppliers | 440/4 | €434 | €524 | +€90 | +20.8% |
| Taxes, remuneration and social security | 45 | €25,386 | €16,533 | -€8,853 | -34.9% |
| Taxes | 450/3 | €25,386 | €16,533 | -€8,853 | -34.9% |
| Other amounts payable | 47/48 | €28,917 | €26,515 | -€2,401 | -8.3% |
| Accrued charges and deferred income | 492/3 | €25 | €25 | = | 0.0% |
| Other operating charges | 640/8 | €657 | €527 | -€130 | -19.8% |
| Gross operating margin | 9900 | €42,764 | €42,405 | -€359 | -0.8% |
| Operating profit (loss) | 9901 | €42,108 | €41,879 | -€229 | -0.5% |
| Financial charges | 65/66B | €94 | €86 | -€8 | -8.6% |
| Recurring financial charges | 65 | €94 | €86 | -€8 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €42,014 | €41,793 | -€221 | -0.5% |
| Income taxes | 67/77 | €9,596 | €11,022 | +€1,426 | +14.9% |
| Profit (loss) for the period | 9904 | €32,418 | €30,771 | -€1,647 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,418 | €30,771 | -€1,647 | -5.1% |
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 7 October 2026 via checked.be.