Alpine Digital: 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.
Alpine Digital
Largest movements
- Receivables within one year +€334,224
up €334,224 (+111.5%), from €299,847 to €634,072
of which Trade receivables: +€324,853
- Tax, wage and social debts +€92,150
up €92,150 (+56.2%), from €164,098 to €256,248
of which Remuneration and social security: +€89,803
- Reserves +€82,681
up €82,681 (+54.0%), from €153,239 to €235,920
- Trade debts +€77,659
up €77,659 (+67.3%), from €115,338 to €192,996
- Other debts +€54,133
up €54,133 (+109.4%), from €49,473 to €103,606
- Accrued charges and deferred income +€26,754
new in 2025: €26,754
- Gross operating margin +€261,312
up €261,312 (+26.2%), from €997,173 to €1.3m
- Staff costs +€148,724
up €148,724 (+16.4%), from €908,124 to €1.1m
- Write-downs -€51,249
down €51,249 (-98.7%), from €51,943 to €694
- Taxes +€41,688
up €41,688 (+502.3%), from €8,300 to €49,988
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 | €586,590 | €940,968 | +€354,378 | +60.4% |
| Fixed assets | 21/28 | €146,231 | €154,216 | +€7,985 | +5.5% |
| Tangible fixed assets | 22/27 | €141,161 | €149,146 | +€7,985 | +5.7% |
| Furniture and vehicles | 24 | €17,282 | €68,361 | +€51,079 | +295.6% |
| Leasing and similar rights | 25 | €82,428 | €52,775 | -€29,653 | -36.0% |
| Other tangible fixed assets | 26 | €41,451 | €28,011 | -€13,441 | -32.4% |
| Financial fixed assets | 28 | €5,070 | €5,070 | = | 0.0% |
| Current assets | 29/58 | €440,359 | €786,752 | +€346,393 | +78.7% |
| Amounts receivable within one year | 40/41 | €299,847 | €634,072 | +€334,224 | +111.5% |
| Trade receivables | 40 | €299,206 | €624,060 | +€324,853 | +108.6% |
| Other amounts receivable | 41 | €641 | €10,012 | +€9,371 | +1461.8% |
| Cash at bank and in hand | 54/58 | €121,891 | €126,829 | +€4,938 | +4.1% |
| Deferred charges and accrued income | 490/1 | €18,620 | €25,851 | +€7,231 | +38.8% |
| Total equity and liabilities | 10/49 | €586,590 | €940,968 | +€354,378 | +60.4% |
| Equity | 10/15 | €171,789 | €254,470 | +€82,681 | +48.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €153,239 | €235,920 | +€82,681 | +54.0% |
| Distributable reserves | 133 | €153,239 | €235,920 | +€82,681 | +54.0% |
| Amounts payable | 17/49 | €414,801 | €686,498 | +€271,697 | +65.5% |
| Amounts payable after more than one year | 17 | €54,710 | €56,490 | +€1,781 | +3.3% |
| Financial debts | 170/4 | €54,710 | €56,490 | +€1,781 | +3.3% |
| Amounts payable within one year | 42/48 | €360,092 | €603,254 | +€243,163 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €29,287 | €45,861 | +€16,574 | +56.6% |
| Financial debts | 43 | €1,896 | €4,543 | +€2,647 | +139.6% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €1,896 | €4,543 | +€2,647 | +139.6% |
| Trade debts | 44 | €115,338 | €192,996 | +€77,659 | +67.3% |
| Suppliers | 440/4 | €115,338 | €192,996 | +€77,659 | +67.3% |
| Taxes, remuneration and social security | 45 | €164,098 | €256,248 | +€92,150 | +56.2% |
| Taxes | 450/3 | €66,706 | €69,053 | +€2,347 | +3.5% |
| Remuneration and social security | 454/9 | €97,392 | €187,195 | +€89,803 | +92.2% |
| Other amounts payable | 47/48 | €49,473 | €103,606 | +€54,133 | +109.4% |
| Accrued charges and deferred income | 492/3 | - | €26,754 | +€26,754 | |
| Non-recurring operating income | 76A | €2,137 | €0 | -€2,137 | -100.0% |
| Remuneration, social security and pensions | 62 | €908,124 | €1,056,848 | +€148,724 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,248 | €55,413 | +€9,165 | +19.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,943 | €694 | -€51,249 | -98.7% |
| Other operating charges | 640/8 | €4,365 | €6,559 | +€2,193 | +50.2% |
| Gross operating margin | 9900 | €997,173 | €1,258,486 | +€261,312 | +26.2% |
| Operating profit (loss) | 9901 | -€13,507 | €138,971 | +€152,479 | |
| Financial income | 75/76B | €6 | €13 | +€7 | +121.7% |
| Recurring financial income | 75 | €6 | €13 | +€7 | +121.7% |
| Financial charges | 65/66B | €5,579 | €6,315 | +€736 | +13.2% |
| Recurring financial charges | 65 | €5,579 | €6,315 | +€736 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,081 | €132,669 | +€151,750 | |
| Income taxes | 67/77 | €8,300 | €49,988 | +€41,688 | +502.3% |
| Profit (loss) for the period | 9904 | -€27,381 | €82,681 | +€110,062 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,381 | €82,681 | +€110,062 |
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 8 October 2026 via checked.be.