ALPINES FINANCES: 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.
ALPINES FINANCES
Largest movements
- Current investments +€78,404
up €78,404 (+14.5%), from €539,687 to €618,091
- Tangible fixed assets -€24,742
down €24,742 (-26.4%), from €93,817 to €69,075
- Cash -€20,194
down €20,194 (-88.4%), from €22,843 to €2,649
mainly Current investments (-€78,404) and Debts after one year (-€22,726)
- Reserves +€54,545
up €54,545 (+29.8%), from €183,339 to €237,885
- Debts after one year -€22,726
down €22,726 (-33.8%), from €67,194 to €44,468
- Financial income -€19,119
down €19,119 (-19.1%), from €100,335 to €81,216
- Gross operating margin -€3,356
down €3,356 (-33.9%), from €9,897 to €6,541
- Financial charges -€1,171
down €1,171 (-13.0%), from €8,972 to €7,802
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 | €663,511 | €695,579 | +€32,067 | +4.8% |
| Fixed assets | 21/28 | €94,817 | €70,075 | -€24,742 | -26.1% |
| Tangible fixed assets | 22/27 | €93,817 | €69,075 | -€24,742 | -26.4% |
| Furniture and vehicles | 24 | €93,817 | €69,075 | -€24,742 | -26.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €568,694 | €625,504 | +€56,810 | +10.0% |
| Amounts receivable within one year | 40/41 | €4,876 | €3,089 | -€1,787 | -36.6% |
| Trade receivables | 40 | €4,876 | €2,891 | -€1,985 | -40.7% |
| Other amounts receivable | 41 | - | €198 | +€198 | |
| Current investments | 50/53 | €539,687 | €618,091 | +€78,404 | +14.5% |
| Cash at bank and in hand | 54/58 | €22,843 | €2,649 | -€20,194 | -88.4% |
| Deferred charges and accrued income | 490/1 | €1,288 | €1,675 | +€386 | +30.0% |
| Total equity and liabilities | 10/49 | €663,511 | €695,579 | +€32,067 | +4.8% |
| Equity | 10/15 | €184,339 | €238,885 | +€54,545 | +29.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €183,339 | €237,885 | +€54,545 | +29.8% |
| Distributable reserves | 133 | €183,339 | €237,885 | +€54,545 | +29.8% |
| Amounts payable | 17/49 | €479,172 | €456,694 | -€22,478 | -4.7% |
| Amounts payable after more than one year | 17 | €67,194 | €44,468 | -€22,726 | -33.8% |
| Financial debts | 170/4 | €67,194 | €44,468 | -€22,726 | -33.8% |
| Amounts payable within one year | 42/48 | €411,953 | €412,226 | +€273 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €21,707 | €22,726 | +€1,018 | +4.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,398 | €2,000 | -€398 | -16.6% |
| Suppliers | 440/4 | €2,398 | €2,000 | -€398 | -16.6% |
| Taxes, remuneration and social security | 45 | €77 | €0 | -€77 | -100% |
| Taxes | 450/3 | €77 | €0 | -€77 | -100% |
| Other amounts payable | 47/48 | €387,770 | €387,500 | -€270 | -0.1% |
| Accrued charges and deferred income | 492/3 | €25 | €0 | -€25 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,742 | €24,742 | = | 0.0% |
| Other operating charges | 640/8 | €543 | €501 | -€42 | -7.7% |
| Gross operating margin | 9900 | €9,897 | €6,541 | -€3,356 | -33.9% |
| Operating profit (loss) | 9901 | -€15,388 | -€18,702 | -€3,314 | -21.5% |
| Financial income | 75/76B | €100,335 | €81,216 | -€19,119 | -19.1% |
| Recurring financial income | 75 | €100,335 | €81,216 | -€19,119 | -19.1% |
| Financial charges | 65/66B | €8,972 | €7,802 | -€1,171 | -13.0% |
| Recurring financial charges | 65 | €8,972 | €7,802 | -€1,171 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €75,975 | €54,712 | -€21,263 | -28.0% |
| Income taxes | 67/77 | €178 | €167 | -€11 | -6.1% |
| Profit (loss) for the period | 9904 | €75,798 | €54,545 | -€21,252 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,798 | €54,545 | -€21,252 | -28.0% |
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 21 October 2026 via checked.be.