ALPICA: what changed
Two fiscal 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.
ALPICA
Largest movements
- Cash +€80,611
up €80,611 (+258.6%), from €31,178 to €111,789
mainly Net result for the year (+€29,432) and Trade debts (+€29,236)
- Tangible fixed assets -€23,797
down €23,797 (-5.0%), from €477,978 to €454,181
of which Land and buildings: -€20,655
- Receivables within one year +€6,888
up €6,888 (+229.6%), from €3,000 to €9,888
of which Other amounts receivable: +€6,888
- Reserves +€29,432
up €29,432 (+77.2%), from €38,117 to €67,549
- Trade debts +€29,236
up €29,236 (+443.3%), from €6,596 to €35,831
- Gross operating margin +€12,890
up €12,890 (+13.1%), from €98,407 to €111,297
- Depreciation +€4,384
up €4,384 (+19.5%), from €22,463 to €26,848
- Taxes +€1,953
up €1,953 (+74.5%), from €2,621 to €4,574
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.
Cash bridge derived
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 | €516,763 | €580,707 | +€63,944 | +12.4% |
| Fixed assets | 21/28 | €477,978 | €454,181 | -€23,797 | -5.0% |
| Tangible fixed assets | 22/27 | €477,978 | €454,181 | -€23,797 | -5.0% |
| Land and buildings | 22 | €427,883 | €407,228 | -€20,655 | -4.8% |
| Plant, machinery and equipment | 23 | €46,306 | €42,705 | -€3,601 | -7.8% |
| Furniture and vehicles | 24 | €3,790 | €4,249 | +€459 | +12.1% |
| Current assets | 29/58 | €38,785 | €126,526 | +€87,741 | +226.2% |
| Amounts receivable within one year | 40/41 | €3,000 | €9,888 | +€6,888 | +229.6% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 41 | - | €6,888 | +€6,888 | |
| Cash at bank and in hand | 54/58 | €31,178 | €111,789 | +€80,611 | +258.6% |
| Deferred charges and accrued income | 490/1 | €4,607 | €4,849 | +€242 | +5.3% |
| Total equity and liabilities | 10/49 | €516,763 | €580,707 | +€63,944 | +12.4% |
| Equity | 10/15 | €376,135 | €405,566 | +€29,432 | +7.8% |
| Contributions | 10/11 | €146,048 | €146,048 | = | 0.0% |
| Reserves | 13 | €38,117 | €67,549 | +€29,432 | +77.2% |
| Distributable reserves | 133 | €38,117 | €67,549 | +€29,432 | +77.2% |
| Profit (loss) carried forward | 14 | €191,969 | €191,969 | = | 0.0% |
| Amounts payable | 17/49 | €140,628 | €175,141 | +€34,513 | +24.5% |
| Amounts payable within one year | 42/48 | €140,238 | €174,756 | +€34,518 | +24.6% |
| Trade debts | 44 | €6,596 | €35,831 | +€29,236 | +443.3% |
| Suppliers | 440/4 | €6,596 | €35,831 | +€29,236 | +443.3% |
| Taxes, remuneration and social security | 45 | €10,783 | €12,849 | +€2,066 | +19.2% |
| Taxes | 450/3 | €3,818 | €6,196 | +€2,378 | +62.3% |
| Remuneration and social security | 454/9 | €6,965 | €6,653 | -€312 | -4.5% |
| Other amounts payable | 47/48 | €122,860 | €126,076 | +€3,216 | +2.6% |
| Accrued charges and deferred income | 492/3 | €390 | €385 | -€5 | -1.3% |
| Remuneration, social security and pensions | 62 | €42,815 | €43,269 | +€454 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,463 | €26,848 | +€4,384 | +19.5% |
| Other operating charges | 640/8 | €4,854 | €5,003 | +€149 | +3.1% |
| Gross operating margin | 9900 | €98,407 | €111,297 | +€12,890 | +13.1% |
| Operating profit (loss) | 9901 | €28,275 | €36,178 | +€7,903 | +28.0% |
| Financial charges | 65/66B | €1,402 | €2,172 | +€771 | +55.0% |
| Recurring financial charges | 65 | €1,402 | €2,172 | +€771 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | €26,873 | €34,006 | +€7,133 | +26.5% |
| Income taxes | 67/77 | €2,621 | €4,574 | +€1,953 | +74.5% |
| Profit (loss) for the period | 9904 | €24,252 | €29,432 | +€5,179 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,252 | €29,432 | +€5,179 | +21.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.