ALPI FRERES: 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.
ALPI FRERES
Largest movements
- Cash -€249,360
down €249,360 (-81.1%), from €307,353 to €57,993
mainly Current investments (-€240,000) and Net result for the year (-€5,490)
- Current investments +€240,000
new in 2025: €240,000
- Deferred charges and accrued income +€3,945
new in 2025: €3,945
- Profit (loss) carried forward -€5,490
down €5,490, from €0 to -€5,490
- Gross operating margin -€461,983
down €461,983, from €454,483 to -€7,500
- Taxes -€114,671
down €114,671 (-100%), from €114,671 to €0
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 | €309,832 | €305,600 | -€4,232 | -1.4% |
| Fixed assets | 21/28 | €2,479 | €2,479 | = | 0.0% |
| Intangible fixed assets | 21 | €1,239 | €1,239 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,239 | €1,239 | = | 0.0% |
| Land and buildings | 22 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €307,353 | €303,121 | -€4,232 | -1.4% |
| Amounts receivable within one year | 40/41 | - | €1,184 | +€1,184 | |
| Other amounts receivable | 41 | - | €1,184 | +€1,184 | |
| Current investments | 50/53 | - | €240,000 | +€240,000 | |
| Cash at bank and in hand | 54/58 | €307,353 | €57,993 | -€249,360 | -81.1% |
| Deferred charges and accrued income | 490/1 | - | €3,945 | +€3,945 | |
| Total equity and liabilities | 10/49 | €309,832 | €305,600 | -€4,232 | -1.4% |
| Equity | 10/15 | €260,914 | €255,424 | -€5,490 | -2.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €242,322 | €242,322 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,239 | €1,239 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,239 | €1,239 | = | 0.0% |
| Tax-exempt reserves | 132 | €79 | €79 | = | 0.0% |
| Distributable reserves | 133 | €241,003 | €241,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€5,490 | -€5,490 | |
| Amounts payable | 17/49 | €48,918 | €50,176 | +€1,258 | +2.6% |
| Amounts payable within one year | 42/48 | €48,918 | €48,993 | +€75 | +0.2% |
| Trade debts | 44 | €259 | €334 | +€75 | +28.9% |
| Suppliers | 440/4 | €259 | €334 | +€75 | +28.9% |
| Taxes, remuneration and social security | 45 | €10,671 | €10,671 | = | 0.0% |
| Taxes | 450/3 | €10,671 | €10,671 | = | 0.0% |
| Other amounts payable | 47/48 | €37,988 | €37,988 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,184 | +€1,184 | |
| Non-recurring operating income | 76A | €461,761 | €0 | -€461,761 | -100% |
| Other operating charges | 640/8 | €1,863 | €1,890 | +€28 | +1.5% |
| Gross operating margin | 9900 | €454,483 | -€7,500 | -€461,983 | |
| Operating profit (loss) | 9901 | €452,621 | -€9,390 | -€462,011 | |
| Financial income | 75/76B | - | €3,945 | +€3,945 | |
| Recurring financial income | 75 | - | €3,945 | +€3,945 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €452,576 | -€5,490 | -€458,066 | |
| Income taxes | 67/77 | €114,671 | €0 | -€114,671 | -100% |
| Profit (loss) for the period | 9904 | €337,904 | -€5,490 | -€343,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €337,904 | -€5,490 | -€343,394 |
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 30 October 2026 via checked.be.