ALPICO: 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.
ALPICO
Largest movements
- Stocks and contracts -€20,552
no longer reported in 2025 (was €20,552)
- Tangible fixed assets +€2,399
new in 2025: €2,399
- Receivables within one year -€2,232
down €2,232 (-11.1%), from €20,040 to €17,807
of which Trade receivables: -€2,639
- Cash +€1,419
up €1,419 (+457.0%), from €310 to €1,729
mainly Stocks and contracts (+€20,552) and Other debts (+€11,451)
- Deferred charges and accrued income +€604
new in 2025: €604
- Profit (loss) carried forward -€17,987
down €17,987, from €3,470 to -€14,517
- Other debts +€11,451
up €11,451 (+295.0%), from €3,882 to €15,333
- Trade debts -€8,345
down €8,345 (-39.3%), from €21,242 to €12,896
- Tax, wage and social debts -€3,982
down €3,982 (-60.3%), from €6,608 to €2,626
- Gross operating margin -€11,649
down €11,649, from €512 to -€11,137
- Financial charges +€3,458
up €3,458 (+1606.2%), from €215 to €3,674
- Other operating charges +€1,632
up €1,632 (+220.7%), from €739 to €2,371
- Taxes -€1,499
down €1,499 (-84.4%), from €1,776 to €277
- Depreciation +€551
new in 2025: €551
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 | €41,402 | €22,539 | -€18,863 | -45.6% |
| Fixed assets | 21/28 | €500 | €2,399 | +€1,899 | +379.8% |
| Tangible fixed assets | 22/27 | - | €2,399 | +€2,399 | |
| Furniture and vehicles | 24 | - | €2,399 | +€2,399 | |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €40,902 | €20,140 | -€20,762 | -50.8% |
| Stocks and contracts in progress | 3 | €20,552 | - | -€20,552 | |
| Stocks | 30/36 | €20,552 | - | -€20,552 | |
| Amounts receivable within one year | 40/41 | €20,040 | €17,807 | -€2,232 | -11.1% |
| Trade receivables | 40 | €19,752 | €17,113 | -€2,639 | -13.4% |
| Other amounts receivable | 41 | €288 | €694 | +€407 | +141.3% |
| Cash at bank and in hand | 54/58 | €310 | €1,729 | +€1,419 | +457.0% |
| Deferred charges and accrued income | 490/1 | - | €604 | +€604 | |
| Total equity and liabilities | 10/49 | €41,402 | €22,539 | -€18,863 | -45.6% |
| Equity | 10/15 | €9,670 | -€8,317 | -€17,987 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,470 | -€14,517 | -€17,987 | |
| Amounts payable | 17/49 | €31,731 | €30,856 | -€876 | -2.8% |
| Amounts payable within one year | 42/48 | €31,731 | €30,856 | -€876 | -2.8% |
| Trade debts | 44 | €21,242 | €12,896 | -€8,345 | -39.3% |
| Suppliers | 440/4 | €21,242 | €12,896 | -€8,345 | -39.3% |
| Taxes, remuneration and social security | 45 | €6,608 | €2,626 | -€3,982 | -60.3% |
| Taxes | 450/3 | €6,608 | €2,626 | -€3,982 | -60.3% |
| Other amounts payable | 47/48 | €3,882 | €15,333 | +€11,451 | +295.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €551 | +€551 | |
| Other operating charges | 640/8 | €739 | €2,371 | +€1,632 | +220.7% |
| Gross operating margin | 9900 | €512 | -€11,137 | -€11,649 | |
| Operating profit (loss) | 9901 | -€227 | -€14,059 | -€13,832 | -6081.7% |
| Financial income | 75/76B | €2 | €22 | +€20 | +1004.5% |
| Recurring financial income | 75 | €2 | €22 | +€20 | +1004.5% |
| Financial charges | 65/66B | €215 | €3,674 | +€3,458 | +1606.2% |
| Recurring financial charges | 65 | €215 | €3,674 | +€3,458 | +1606.2% |
| Profit (loss) for the period before taxes | 9903 | -€441 | -€17,710 | -€17,270 | -3918.4% |
| Income taxes | 67/77 | €1,776 | €277 | -€1,499 | -84.4% |
| Profit (loss) for the period | 9904 | -€2,216 | -€17,987 | -€15,771 | -711.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,216 | -€17,987 | -€15,771 | -711.5% |
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 9 October 2026 via checked.be.