ALPEX ET DECOR: 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.
ALPEX ET DECOR
Largest movements
- Tangible fixed assets -€22,455
down €22,455 (-27.1%), from €82,835 to €60,380
of which Furniture and vehicles: -€20,050
- Cash -€11,564
down €11,564 (-26.7%), from €43,306 to €31,743
mainly Debts after one year (-€18,671) and Net result for the year (-€12,017)
- Current investments -€5,320
no longer reported in 2025 (was €5,320)
- Stocks and contracts +€4,200
up €4,200 (+13.7%), from €30,629 to €34,829
- Receivables within one year +€3,463
up €3,463 (+71.8%), from €4,825 to €8,288
- Debts after one year -€18,671
down €18,671 (-31.7%), from €58,911 to €40,240
- Profit (loss) carried forward -€12,017
down €12,017, from €328 to -€11,689
- Trade debts -€3,480
down €3,480 (-26.0%), from €13,379 to €9,899
- Purchases and services -€27,993
down €27,993 (-13.9%), from €201,340 to €173,347
- Turnover -€25,894
down €25,894 (-12.2%), from €212,875 to €186,981
- Other operating charges -€11,460
down €11,460 (-84.8%), from €13,514 to €2,054
- Gross operating margin -€7,839
down €7,839 (-31.1%), from €25,169 to €17,330
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 | €174,716 | €143,673 | -€31,043 | -17.8% |
| Fixed assets | 21/28 | €90,635 | €68,180 | -€22,455 | -24.8% |
| Tangible fixed assets | 22/27 | €82,835 | €60,380 | -€22,455 | -27.1% |
| Plant, machinery and equipment | 23 | €3,925 | €2,961 | -€965 | -24.6% |
| Furniture and vehicles | 24 | €73,469 | €53,419 | -€20,050 | -27.3% |
| Other tangible fixed assets | 26 | €5,440 | €4,000 | -€1,440 | -26.5% |
| Financial fixed assets | 28 | €7,800 | €7,800 | = | 0.0% |
| Current assets | 29/58 | €84,081 | €75,493 | -€8,588 | -10.2% |
| Stocks and contracts in progress | 3 | €30,629 | €34,829 | +€4,200 | +13.7% |
| Stocks | 30/36 | €30,629 | €34,829 | +€4,200 | +13.7% |
| Amounts receivable within one year | 40/41 | €4,825 | €8,288 | +€3,463 | +71.8% |
| Trade receivables | 40 | €4,825 | €8,288 | +€3,463 | +71.8% |
| Current investments | 50/53 | €5,320 | - | -€5,320 | |
| Cash at bank and in hand | 54/58 | €43,306 | €31,743 | -€11,564 | -26.7% |
| Deferred charges and accrued income | 490/1 | - | €633 | +€633 | |
| Total equity and liabilities | 10/49 | €174,716 | €143,673 | -€31,043 | -17.8% |
| Equity | 10/15 | €38,525 | €26,508 | -€12,017 | -31.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,598 | €19,598 | = | 0.0% |
| Distributable reserves | 133 | €19,598 | €19,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328 | -€11,689 | -€12,017 | |
| Amounts payable | 17/49 | €136,191 | €117,165 | -€19,026 | -14.0% |
| Amounts payable after more than one year | 17 | €58,911 | €40,240 | -€18,671 | -31.7% |
| Financial debts | 170/4 | €58,911 | €40,240 | -€18,671 | -31.7% |
| Amounts payable within one year | 42/48 | €77,280 | €76,924 | -€355 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €6,846 | €7,442 | +€596 | +8.7% |
| Trade debts | 44 | €13,379 | €9,899 | -€3,480 | -26.0% |
| Suppliers | 440/4 | €13,379 | €9,899 | -€3,480 | -26.0% |
| Taxes, remuneration and social security | 45 | €2,509 | €4,038 | +€1,529 | +60.9% |
| Taxes | 450/3 | €2,509 | €4,038 | +€1,529 | +60.9% |
| Other amounts payable | 47/48 | €54,546 | €55,546 | +€1,000 | +1.8% |
| Turnover | 70 | €212,875 | €186,981 | -€25,894 | -12.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €201,340 | €173,347 | -€27,993 | -13.9% |
| Remuneration, social security and pensions | 62 | €43 | - | -€43 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,355 | €24,476 | +€121 | +0.5% |
| Other operating charges | 640/8 | €13,514 | €2,054 | -€11,460 | -84.8% |
| Gross operating margin | 9900 | €25,169 | €17,330 | -€7,839 | -31.1% |
| Operating profit (loss) | 9901 | -€12,743 | -€9,200 | +€3,543 | +27.8% |
| Financial income | 75/76B | €57 | €21 | -€36 | -63.5% |
| Recurring financial income | 75 | €57 | €21 | -€36 | -63.5% |
| Financial charges | 65/66B | €3,168 | €2,838 | -€330 | -10.4% |
| Recurring financial charges | 65 | €3,168 | €2,838 | -€330 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,854 | -€12,017 | +€3,837 | +24.2% |
| Profit (loss) for the period | 9904 | -€15,854 | -€12,017 | +€3,837 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,854 | -€12,017 | +€3,837 | +24.2% |
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 28 October 2026 via checked.be.