ALPIN: 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.
ALPIN
Largest movements
- Financial fixed assets -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Receivables within one year +€8,711
up €8,711 (+519.2%), from €1,678 to €10,388
of which Trade receivables: +€8,711
- Tangible fixed assets -€1,838
down €1,838 (-24.2%), from €7,600 to €5,762
of which Furniture and vehicles: -€1,333
- Debts after one year -€65,846
down €65,846 (-100.0%), from €65,846 to €0
- Current portion of long-term debt -€57,525
down €57,525 (-100.0%), from €57,525 to €0
- Profit (loss) carried forward +€34,694
up €34,694 (+24.7%), from -€140,555 to -€105,861
- Other debts +€16,422
up €16,422 (+20.9%), from €78,710 to €95,131
- Trade debts +€5,106
up €5,106 (+55.2%), from €9,242 to €14,347
- Gross operating margin -€9,057
down €9,057 (-9.6%), from €94,192 to €85,136
- Staff costs +€2,204
up €2,204 (+5.7%), from €38,915 to €41,120
- Financial charges -€1,772
down €1,772 (-21.0%), from €8,442 to €6,670
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 | €86,919 | €18,664 | -€68,254 | -78.5% |
| Fixed assets | 21/28 | €82,600 | €5,762 | -€76,838 | -93.0% |
| Tangible fixed assets | 22/27 | €7,600 | €5,762 | -€1,838 | -24.2% |
| Plant, machinery and equipment | 23 | €4,668 | €4,163 | -€505 | -10.8% |
| Furniture and vehicles | 24 | €2,933 | €1,599 | -€1,333 | -45.5% |
| Financial fixed assets | 28 | €75,000 | €0 | -€75,000 | -100.0% |
| Current assets | 29/58 | €4,318 | €12,902 | +€8,584 | +198.8% |
| Amounts receivable within one year | 40/41 | €1,678 | €10,388 | +€8,711 | +519.2% |
| Trade receivables | 40 | €1,678 | €10,388 | +€8,711 | +519.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,191 | €1,007 | -€184 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,450 | €1,507 | +€58 | +4.0% |
| Total equity and liabilities | 10/49 | €86,919 | €18,664 | -€68,254 | -78.5% |
| Equity | 10/15 | -€128,055 | -€93,361 | +€34,694 | +27.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,555 | -€105,861 | +€34,694 | +24.7% |
| Amounts payable | 17/49 | €214,973 | €112,025 | -€102,948 | -47.9% |
| Amounts payable after more than one year | 17 | €65,846 | €0 | -€65,846 | -100.0% |
| Financial debts | 170/4 | €65,846 | €0 | -€65,846 | -100.0% |
| Amounts payable within one year | 42/48 | €149,128 | €112,025 | -€37,102 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €57,525 | €0 | -€57,525 | -100.0% |
| Trade debts | 44 | €9,242 | €14,347 | +€5,106 | +55.2% |
| Suppliers | 440/4 | €9,242 | €14,347 | +€5,106 | +55.2% |
| Taxes, remuneration and social security | 45 | €3,652 | €2,547 | -€1,105 | -30.3% |
| Taxes | 450/3 | €1,829 | €1,017 | -€812 | -44.4% |
| Remuneration and social security | 454/9 | €1,823 | €1,530 | -€293 | -16.1% |
| Other amounts payable | 47/48 | €78,710 | €95,131 | +€16,422 | +20.9% |
| Remuneration, social security and pensions | 62 | €38,915 | €41,120 | +€2,204 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,572 | €1,838 | +€266 | +16.9% |
| Other operating charges | 640/8 | €865 | €814 | -€51 | -5.9% |
| Gross operating margin | 9900 | €94,192 | €85,136 | -€9,057 | -9.6% |
| Operating profit (loss) | 9901 | €52,839 | €41,363 | -€11,476 | -21.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €8,442 | €6,670 | -€1,772 | -21.0% |
| Recurring financial charges | 65 | €8,442 | €6,670 | -€1,772 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €44,397 | €34,694 | -€9,703 | -21.9% |
| Profit (loss) for the period | 9904 | €44,397 | €34,694 | -€9,703 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,397 | €34,694 | -€9,703 | -21.9% |
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 7 October 2026 via checked.be.