ALPIBAT: 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.
ALPIBAT
Largest movements
- Cash +€23,042
up €23,042 (+289%), from €7,983 to €31,025
mainly Receivables within one year (+€17,241) and Depreciation (+€16,894)
- Receivables within one year -€17,241
down €17,241 (-40.5%), from €42,564 to €25,323
of which Trade receivables: -€23,757
- Tangible fixed assets -€12,041
down €12,041 (-29.3%), from €41,149 to €29,109
of which Furniture and vehicles: -€11,058
- Other debts +€9,200
up €9,200 (+909%), from €1,012 to €10,212
- Debts after one year -€7,770
down €7,770 (-80.6%), from €9,637 to €1,867
- Trade debts -€3,733
down €3,733 (-33.0%), from €11,315 to €7,582
- Current portion of long-term debt -€3,647
down €3,647 (-31.9%), from €11,417 to €7,770
- Reserves +€1,050
up €1,050 (+2.6%), from €40,999 to €42,049
of which Distributable reserves: +€3,000
- Gross operating margin +€22,022
up €22,022 (+12.9%), from €171,179 to €193,201
- Staff costs +€15,242
up €15,242 (+10.4%), from €146,460 to €161,701
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 | €92,931 | €87,160 | -€5,771 | -6.2% |
| Fixed assets | 21/28 | €42,274 | €30,234 | -€12,041 | -28.5% |
| Tangible fixed assets | 22/27 | €41,149 | €29,109 | -€12,041 | -29.3% |
| Plant, machinery and equipment | 23 | €2,539 | €1,556 | -€983 | -38.7% |
| Furniture and vehicles | 24 | €38,610 | €27,552 | -€11,058 | -28.6% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €50,656 | €56,926 | +€6,270 | +12.4% |
| Amounts receivable within one year | 40/41 | €42,564 | €25,323 | -€17,241 | -40.5% |
| Trade receivables | 40 | €38,747 | €14,990 | -€23,757 | -61.3% |
| Other amounts receivable | 41 | €3,817 | €10,332 | +€6,516 | +171% |
| Cash at bank and in hand | 54/58 | €7,983 | €31,025 | +€23,042 | +289% |
| Deferred charges and accrued income | 490/1 | €110 | €579 | +€469 | +428% |
| Total equity and liabilities | 10/49 | €92,931 | €87,160 | -€5,771 | -6.2% |
| Equity | 10/15 | €47,493 | €49,099 | +€1,606 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,999 | €42,049 | +€1,050 | +2.6% |
| Tax-exempt reserves | 132 | €5,999 | €4,049 | -€1,950 | -32.5% |
| Distributable reserves | 133 | €35,000 | €38,000 | +€3,000 | +8.6% |
| Profit (loss) carried forward | 14 | €294 | €850 | +€556 | +189% |
| Provisions and deferred taxes | 16 | €1,500 | €1,012 | -€487 | -32.5% |
| Deferred taxes | 168 | €1,500 | €1,012 | -€487 | -32.5% |
| Amounts payable | 17/49 | €43,938 | €37,049 | -€6,889 | -15.7% |
| Amounts payable after more than one year | 17 | €9,637 | €1,867 | -€7,770 | -80.6% |
| Financial debts | 170/4 | €9,637 | €1,867 | -€7,770 | -80.6% |
| Amounts payable within one year | 42/48 | €34,203 | €35,105 | +€901 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €11,417 | €7,770 | -€3,647 | -31.9% |
| Trade debts | 44 | €11,315 | €7,582 | -€3,733 | -33.0% |
| Suppliers | 440/4 | €11,315 | €7,582 | -€3,733 | -33.0% |
| Taxes, remuneration and social security | 45 | €10,459 | €9,541 | -€918 | -8.8% |
| Taxes | 450/3 | €1,748 | €4,519 | +€2,771 | +159% |
| Remuneration and social security | 454/9 | €8,711 | €5,022 | -€3,689 | -42.4% |
| Other amounts payable | 47/48 | €1,012 | €10,212 | +€9,200 | +909% |
| Accrued charges and deferred income | 492/3 | €97 | €77 | -€21 | -21.2% |
| Remuneration, social security and pensions | 62 | €146,460 | €161,701 | +€15,242 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,822 | €16,894 | +€1,072 | +6.8% |
| Other operating charges | 640/8 | €859 | €922 | +€63 | +7.4% |
| Non-recurring operating charges | 66A | €234 | €591 | +€356 | +152% |
| Gross operating margin | 9900 | €171,179 | €193,201 | +€22,022 | +12.9% |
| Operating profit (loss) | 9901 | €7,805 | €13,093 | +€5,288 | +67.8% |
| Financial income | 75/76B | - | €548 | +€548 | |
| Recurring financial income | 75 | - | €548 | +€548 | |
| Financial charges | 65/66B | €1,163 | €676 | -€488 | -41.9% |
| Recurring financial charges | 65 | €1,163 | €676 | -€488 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €6,642 | €12,965 | +€6,324 | +95.2% |
| Transfer from deferred taxes | 780 | €450 | €487 | +€37 | +8.3% |
| Income taxes | 67/77 | €2,375 | €2,014 | -€361 | -15.2% |
| Profit (loss) for the period | 9904 | €4,717 | €11,439 | +€6,722 | +142% |
| Transfer from tax-exempt reserves | 789 | €1,800 | €1,950 | +€150 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,517 | €13,389 | +€6,871 | +105% |
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 17 October 2026 via checked.be.