ALPERTO: 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.
ALPERTO
Largest movements
- Cash -€44,124
down €44,124 (-43.5%), from €101,524 to €57,401
mainly Stocks and contracts (-€21,420) and Net result for the year (-€16,895)
- Stocks and contracts +€21,420
up €21,420 (+135%), from €15,855 to €37,275
- Receivables within one year -€8,453
down €8,453 (-49.0%), from €17,245 to €8,792
of which Trade receivables: -€8,453
- Tangible fixed assets -€4,412
down €4,412 (-33.6%), from €13,138 to €8,727
of which Furniture and vehicles: -€3,898
- Deferred charges and accrued income +€4,235
new in 2025: €4,235
- Profit (loss) carried forward -€16,895
down €16,895 (-37.6%), from -€44,892 to -€61,786
- Other debts -€13,143
down €13,143 (-8.3%), from €158,621 to €145,478
- Trade debts -€3,879
down €3,879 (-44.5%), from €8,711 to €4,832
- Tax, wage and social debts +€1,584
up €1,584 (+45.5%), from €3,478 to €5,063
of which Remuneration and social security: +€3,600
- Gross operating margin -€13,290
down €13,290, from €9,223 to -€4,067
- Other operating charges +€5,511
up €5,511 (+376%), from €1,467 to €6,978
- Depreciation +€296
up €296 (+5.9%), from €5,003 to €5,299
- Financial charges +€197
up €197 (+55.8%), from €353 to €550
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 | €147,763 | €116,430 | -€31,333 | -21.2% |
| Fixed assets | 21/28 | €13,138 | €8,727 | -€4,412 | -33.6% |
| Tangible fixed assets | 22/27 | €13,138 | €8,727 | -€4,412 | -33.6% |
| Land and buildings | 22 | €4,626 | €4,112 | -€514 | -11.1% |
| Furniture and vehicles | 24 | €8,512 | €4,615 | -€3,898 | -45.8% |
| Current assets | 29/58 | €134,624 | €107,703 | -€26,921 | -20.0% |
| Stocks and contracts in progress | 3 | €15,855 | €37,275 | +€21,420 | +135% |
| Stocks | 30/36 | €15,855 | €37,275 | +€21,420 | +135% |
| Amounts receivable within one year | 40/41 | €17,245 | €8,792 | -€8,453 | -49.0% |
| Trade receivables | 40 | €16,720 | €8,267 | -€8,453 | -50.6% |
| Other amounts receivable | 41 | €525 | €525 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €101,524 | €57,401 | -€44,124 | -43.5% |
| Deferred charges and accrued income | 490/1 | - | €4,235 | +€4,235 | |
| Total equity and liabilities | 10/49 | €147,763 | €116,430 | -€31,333 | -21.2% |
| Equity | 10/15 | -€26,048 | -€42,943 | -€16,895 | -64.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243 | €243 | = | 0.0% |
| Non-distributable reserves | 130/1 | €243 | €243 | = | 0.0% |
| Legal reserve | 130 | €243 | €243 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,892 | -€61,786 | -€16,895 | -37.6% |
| Amounts payable | 17/49 | €173,811 | €159,373 | -€14,439 | -8.3% |
| Amounts payable within one year | 42/48 | €170,811 | €155,373 | -€15,439 | -9.0% |
| Trade debts | 44 | €8,711 | €4,832 | -€3,879 | -44.5% |
| Suppliers | 440/4 | €8,711 | €4,832 | -€3,879 | -44.5% |
| Taxes, remuneration and social security | 45 | €3,478 | €5,063 | +€1,584 | +45.5% |
| Taxes | 450/3 | €3,478 | €1,463 | -€2,016 | -57.9% |
| Remuneration and social security | 454/9 | - | €3,600 | +€3,600 | |
| Other amounts payable | 47/48 | €158,621 | €145,478 | -€13,143 | -8.3% |
| Accrued charges and deferred income | 492/3 | €3,000 | €4,000 | +€1,000 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,003 | €5,299 | +€296 | +5.9% |
| Other operating charges | 640/8 | €1,467 | €6,978 | +€5,511 | +376% |
| Gross operating margin | 9900 | €9,223 | -€4,067 | -€13,290 | |
| Operating profit (loss) | 9901 | €2,752 | -€16,344 | -€19,097 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €353 | €550 | +€197 | +55.8% |
| Recurring financial charges | 65 | €353 | €550 | +€197 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €2,399 | -€16,895 | -€19,294 | |
| Profit (loss) for the period | 9904 | €2,399 | -€16,895 | -€19,294 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,399 | -€16,895 | -€19,294 |
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 25 October 2026 via checked.be.