ALPENROSE: 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.
ALPENROSE
Largest movements
- Intangible fixed assets -€13,333
down €13,333 (-36.8%), from €36,185 to €22,852
- Stocks and contracts +€7,500
new in 2025: €7,500
- Deferred charges and accrued income +€5,809
up €5,809 (+613%), from €947 to €6,756
- Cash +€5,786
up €5,786 (+7.3%), from €78,737 to €84,523
mainly Other debts (+€49,904) and Depreciation (+€16,637)
- Tangible fixed assets -€3,303
down €3,303 (-32.7%), from €10,101 to €6,797
of which Furniture and vehicles: -€2,178
- Other debts +€49,904
up €49,904 (+2,210%), from €2,259 to €52,163
- Profit (loss) carried forward -€40,522
down €40,522 (-79.9%), from €50,706 to €10,184
- Current portion of long-term debt -€13,772
no longer reported in 2025 (was €13,772)
- Tax, wage and social debts +€5,705
up €5,705 (+16.0%), from €35,687 to €41,393
of which Remuneration and social security: +€4,801
- Trade debts -€1,754
down €1,754 (-8.2%), from €21,357 to €19,603
- Staff costs +€12,908
up €12,908 (+6.9%), from €187,679 to €200,587
- Depreciation -€2,376
down €2,376 (-12.5%), from €19,012 to €16,637
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 | €148,781 | €148,342 | -€439 | -0.3% |
| Fixed assets | 21/28 | €46,286 | €29,649 | -€16,637 | -35.9% |
| Intangible fixed assets | 21 | €36,185 | €22,852 | -€13,333 | -36.8% |
| Tangible fixed assets | 22/27 | €10,101 | €6,797 | -€3,303 | -32.7% |
| Plant, machinery and equipment | 23 | €2,071 | €945 | -€1,125 | -54.3% |
| Furniture and vehicles | 24 | €8,030 | €5,852 | -€2,178 | -27.1% |
| Current assets | 29/58 | €102,495 | €118,693 | +€16,198 | +15.8% |
| Stocks and contracts in progress | 3 | - | €7,500 | +€7,500 | |
| Stocks | 30/36 | - | €7,500 | +€7,500 | |
| Amounts receivable within one year | 40/41 | €22,811 | €19,914 | -€2,896 | -12.7% |
| Trade receivables | 40 | €11,966 | €3,939 | -€8,027 | -67.1% |
| Other amounts receivable | 41 | €10,845 | €15,976 | +€5,131 | +47.3% |
| Cash at bank and in hand | 54/58 | €78,737 | €84,523 | +€5,786 | +7.3% |
| Deferred charges and accrued income | 490/1 | €947 | €6,756 | +€5,809 | +613% |
| Total equity and liabilities | 10/49 | €148,781 | €148,342 | -€439 | -0.3% |
| Equity | 10/15 | €75,706 | €35,184 | -€40,522 | -53.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,706 | €10,184 | -€40,522 | -79.9% |
| Amounts payable | 17/49 | €73,075 | €113,158 | +€40,083 | +54.9% |
| Amounts payable within one year | 42/48 | €73,075 | €113,158 | +€40,083 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €13,772 | - | -€13,772 | |
| Trade debts | 44 | €21,357 | €19,603 | -€1,754 | -8.2% |
| Suppliers | 440/4 | €21,357 | €19,603 | -€1,754 | -8.2% |
| Taxes, remuneration and social security | 45 | €35,687 | €41,393 | +€5,705 | +16.0% |
| Taxes | 450/3 | €15,644 | €16,548 | +€905 | +5.8% |
| Remuneration and social security | 454/9 | €20,044 | €24,844 | +€4,801 | +24.0% |
| Other amounts payable | 47/48 | €2,259 | €52,163 | +€49,904 | +2,210% |
| Remuneration, social security and pensions | 62 | €187,679 | €200,587 | +€12,908 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,012 | €16,637 | -€2,376 | -12.5% |
| Other operating charges | 640/8 | €4,366 | €3,102 | -€1,264 | -28.9% |
| Gross operating margin | 9900 | €231,533 | €233,602 | +€2,069 | +0.9% |
| Operating profit (loss) | 9901 | €20,475 | €13,277 | -€7,199 | -35.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -73.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -73.2% |
| Financial charges | 65/66B | €2,679 | €2,243 | -€436 | -16.3% |
| Recurring financial charges | 65 | €2,679 | €2,243 | -€436 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €17,798 | €11,034 | -€6,764 | -38.0% |
| Income taxes | 67/77 | €128 | €850 | +€722 | +564% |
| Profit (loss) for the period | 9904 | €17,670 | €10,184 | -€7,486 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,670 | €10,184 | -€7,486 | -42.4% |
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 19 October 2026 via checked.be.