Alpinco: 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.
Alpinco
Largest movements
- Receivables within one year +€259,913
up €259,913 (+145%), from €179,268 to €439,182
of which Other amounts receivable: +€234,463
- Current investments -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Cash -€97,334
down €97,334 (-82.1%), from €118,490 to €21,156
mainly Receivables within one year (-€259,913) and Debts after one year (-€9,875)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€57,426
up €57,426, from -€43,846 to €13,580
- Financial income +€1,493
up €1,493 (+74.5%), from €2,004 to €3,497
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 | €6,625,217 | €6,626,250 | +€1,033 | 0.0% |
| Fixed assets | 21/28 | €6,026,615 | €6,013,175 | -€13,440 | -0.2% |
| Tangible fixed assets | 22/27 | €26,615 | €13,175 | -€13,440 | -50.5% |
| Plant, machinery and equipment | 23 | €3,739 | €3,105 | -€634 | -17.0% |
| Furniture and vehicles | 24 | €22,876 | €10,069 | -€12,806 | -56.0% |
| Financial fixed assets | 28 | €6,000,000 | €6,000,000 | = | 0.0% |
| Current assets | 29/58 | €598,602 | €613,075 | +€14,473 | +2.4% |
| Amounts receivable within one year | 40/41 | €179,268 | €439,182 | +€259,913 | +145% |
| Trade receivables | 40 | €29,000 | €54,450 | +€25,450 | +87.8% |
| Other amounts receivable | 41 | €150,268 | €384,732 | +€234,463 | +156% |
| Current investments | 50/53 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €118,490 | €21,156 | -€97,334 | -82.1% |
| Deferred charges and accrued income | 490/1 | €844 | €2,737 | +€1,894 | +224% |
| Total equity and liabilities | 10/49 | €6,625,217 | €6,626,250 | +€1,033 | 0.0% |
| Equity | 10/15 | €6,585,350 | €6,588,055 | +€2,705 | 0.0% |
| Contributions | 10/11 | €6,631,000 | €6,631,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,650 | -€42,945 | +€2,705 | +5.9% |
| Amounts payable | 17/49 | €39,867 | €38,194 | -€1,673 | -4.2% |
| Amounts payable after more than one year | 17 | €9,875 | - | -€9,875 | |
| Financial debts | 170/4 | €9,875 | - | -€9,875 | |
| Amounts payable within one year | 42/48 | €29,992 | €38,194 | +€8,203 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €11,734 | €9,875 | -€1,859 | -15.8% |
| Trade debts | 44 | €5,988 | €16 | -€5,971 | -99.7% |
| Suppliers | 440/4 | €5,988 | €16 | -€5,971 | -99.7% |
| Taxes, remuneration and social security | 45 | - | €14,820 | +€14,820 | |
| Taxes | 450/3 | - | €14,820 | +€14,820 | |
| Other amounts payable | 47/48 | €12,270 | €13,483 | +€1,213 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,440 | €13,440 | = | 0.0% |
| Gross operating margin | 9900 | -€43,846 | €13,580 | +€57,426 | |
| Operating profit (loss) | 9901 | -€57,286 | €140 | +€57,426 | |
| Financial income | 75/76B | €2,004 | €3,497 | +€1,493 | +74.5% |
| Recurring financial income | 75 | €2,004 | €3,497 | +€1,493 | +74.5% |
| Financial charges | 65/66B | €686 | €726 | +€40 | +5.9% |
| Recurring financial charges | 65 | €686 | €726 | +€40 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€55,967 | €2,911 | +€58,878 | |
| Income taxes | 67/77 | €221 | €206 | -€15 | -6.9% |
| Profit (loss) for the period | 9904 | -€56,188 | €2,705 | +€58,894 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,188 | €2,705 | +€58,894 |
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 16 October 2026 via checked.be.