Alpine Invest: what changed
What changed
Alpine Invest
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€27,429
2024 · -€257,471+€230,041
Equity
-€223,400
2024 · -€195,971-€27,429
Cash
€597,194
2024 · €592,859+€4,335
Balance sheet total
€7.3m
2024 · €7.3m-€14,215
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges -€142,997
down €142,997 (-29.4%), from €485,746 to €342,748
- Other operating charges -€47,328
down €47,328 (-86.4%), from €54,785 to €7,457
- Gross operating margin +€39,716
up €39,716 (+14.0%), from €283,060 to €322,776
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€257,471
Gross operating margin
+€39,716
Other operating charges
+€47,328
Financial charges
+€142,997
Result 2025
-€27,429
raises the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4,335
Investment
€0
Financing
€0
Cash 2024
€592,859
From operations (derived)
+€4,335
Net result for the year
-€27,429
Stocks and contracts
-€620
Receivables within one year
+€18,781
Deferred charges and accrued income
+€389
Trade debts
-€2,407
Tax, wage and social debts
-€14,792
Other debts
-€1,524
Accrued charges and deferred income
+€31,937
Cash 2025
€597,194
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,315,274 | €7,301,059 | -€14,215 | -0.2% |
| Current assets | 29/58 | €7,315,274 | €7,301,059 | -€14,215 | -0.2% |
| Stocks and contracts in progress | 3 | €6,692,678 | €6,693,298 | +€620 | 0.0% |
| Stocks | 30/36 | €6,692,678 | €6,693,298 | +€620 | 0.0% |
| Amounts receivable within one year | 40/41 | €26,836 | €8,055 | -€18,781 | -70.0% |
| Trade receivables | 40 | €26,836 | €0 | -€26,836 | -100% |
| Other amounts receivable | 41 | - | €8,055 | +€8,055 | |
| Cash at bank and in hand | 54/58 | €592,859 | €597,194 | +€4,335 | +0.7% |
| Deferred charges and accrued income | 490/1 | €2,901 | €2,512 | -€389 | -13.4% |
| Total equity and liabilities | 10/49 | €7,315,274 | €7,301,059 | -€14,215 | -0.2% |
| Equity | 10/15 | -€195,971 | -€223,400 | -€27,429 | -14.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €61,500 | €61,500 | = | 0.0% |
| Other | 1109/19 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,471 | -€284,900 | -€27,429 | -10.7% |
| Amounts payable | 17/49 | €7,511,245 | €7,524,459 | +€13,214 | +0.2% |
| Amounts payable after more than one year | 17 | €1,688,500 | €1,688,500 | = | 0.0% |
| Financial debts | 170/4 | €1,688,500 | €1,688,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,706,094 | €5,687,371 | -€18,723 | -0.3% |
| Financial debts | 43 | €5,350,000 | €5,350,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,350,000 | €5,350,000 | = | 0.0% |
| Trade debts | 44 | €19,778 | €17,371 | -€2,407 | -12.2% |
| Suppliers | 440/4 | €19,778 | €17,371 | -€2,407 | -12.2% |
| Taxes, remuneration and social security | 45 | €14,792 | €0 | -€14,792 | -100% |
| Taxes | 450/3 | €14,792 | €0 | -€14,792 | -100% |
| Other amounts payable | 47/48 | €321,524 | €320,000 | -€1,524 | -0.5% |
| Accrued charges and deferred income | 492/3 | €116,651 | €148,588 | +€31,937 | +27.4% |
| Other operating charges | 640/8 | €54,785 | €7,457 | -€47,328 | -86.4% |
| Gross operating margin | 9900 | €283,060 | €322,776 | +€39,716 | +14.0% |
| Operating profit (loss) | 9901 | €228,275 | €315,319 | +€87,044 | +38.1% |
| Financial charges | 65/66B | €485,746 | €342,748 | -€142,997 | -29.4% |
| Recurring financial charges | 65 | €485,746 | €342,748 | -€142,997 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€257,471 | -€27,429 | +€230,041 | +89.3% |
| Profit (loss) for the period | 9904 | -€257,471 | -€27,429 | +€230,041 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€257,471 | -€27,429 | +€230,041 | +89.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.