Alpendre: 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.
Alpendre
Largest movements
- Receivables within one year +€31,687
new in 2025: €31,687
of which Other amounts receivable: +€25,000
- Cash +€13,259
up €13,259 (+25.7%), from €51,548 to €64,807
mainly Net result for the year (+€19,518) and Receivables after one year (+€12,100)
- Receivables after one year -€12,100
no longer reported in 2025 (was €12,100)
- Tangible fixed assets -€10,275
down €10,275 (-50.0%), from €20,549 to €10,275
- Deferred charges and accrued income +€9,364
up €9,364 (+125%), from €7,516 to €16,880
- Reserves +€19,518
up €19,518 (+33.5%), from €58,300 to €77,818
- Tax, wage and social debts +€10,363
up €10,363 (+35.0%), from €29,629 to €39,992
of which Taxes: +€8,303
- Gross operating margin -€53,382
down €53,382 (-57.6%), from €92,681 to €39,298
- Taxes -€14,756
down €14,756 (-64.9%), from €22,738 to €7,983
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 | €91,713 | €123,648 | +€31,935 | +34.8% |
| Fixed assets | 21/28 | €20,549 | €10,275 | -€10,275 | -50.0% |
| Tangible fixed assets | 22/27 | €20,549 | €10,275 | -€10,275 | -50.0% |
| Furniture and vehicles | 24 | €20,549 | €10,275 | -€10,275 | -50.0% |
| Current assets | 29/58 | €71,164 | €113,373 | +€42,209 | +59.3% |
| Amounts receivable after more than one year | 29 | €12,100 | - | -€12,100 | |
| Trade receivables | 290 | €12,100 | - | -€12,100 | |
| Amounts receivable within one year | 40/41 | - | €31,687 | +€31,687 | |
| Trade receivables | 40 | - | €6,687 | +€6,687 | |
| Other amounts receivable | 41 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €51,548 | €64,807 | +€13,259 | +25.7% |
| Deferred charges and accrued income | 490/1 | €7,516 | €16,880 | +€9,364 | +125% |
| Total equity and liabilities | 10/49 | €91,713 | €123,648 | +€31,935 | +34.8% |
| Equity | 10/15 | €59,300 | €78,818 | +€19,518 | +32.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €58,300 | €77,818 | +€19,518 | +33.5% |
| Distributable reserves | 133 | €58,300 | €77,818 | +€19,518 | +33.5% |
| Amounts payable | 17/49 | €32,413 | €44,830 | +€12,417 | +38.3% |
| Amounts payable within one year | 42/48 | €32,413 | €44,830 | +€12,417 | +38.3% |
| Trade debts | 44 | €2,784 | €3,975 | +€1,191 | +42.8% |
| Suppliers | 440/4 | €2,784 | €3,975 | +€1,191 | +42.8% |
| Taxes, remuneration and social security | 45 | €29,629 | €39,992 | +€10,363 | +35.0% |
| Taxes | 450/3 | €29,629 | €37,932 | +€8,303 | +28.0% |
| Remuneration and social security | 454/9 | - | €2,060 | +€2,060 | |
| Other amounts payable | 47/48 | - | €863 | +€863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,275 | €10,275 | = | 0.0% |
| Other operating charges | 640/8 | €1,327 | €1,489 | +€162 | +12.2% |
| Gross operating margin | 9900 | €92,681 | €39,298 | -€53,382 | -57.6% |
| Operating profit (loss) | 9901 | €81,079 | €27,534 | -€53,544 | -66.0% |
| Financial charges | 65/66B | €40 | €34 | -€7 | -16.8% |
| Recurring financial charges | 65 | €40 | €34 | -€7 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €81,038 | €27,501 | -€53,538 | -66.1% |
| Income taxes | 67/77 | €22,738 | €7,983 | -€14,756 | -64.9% |
| Profit (loss) for the period | 9904 | €58,300 | €19,518 | -€38,782 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,300 | €19,518 | -€38,782 | -66.5% |
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 15 October 2026 via checked.be.