Alpinibex: 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.
Alpinibex
Largest movements
- Cash -€53,676
down €53,676 (-57.6%), from €93,247 to €39,572
mainly Contributions, distributions and other (-€104,507) and Tax, wage and social debts (-€10,596)
- Tangible fixed assets -€4,851
down €4,851 (-42.5%), from €11,405 to €6,554
- Profit (loss) carried forward -€65,046
down €65,046 (-88.6%), from €73,389 to €8,343
- Other debts +€17,931
up €17,931 (+58.5%), from €30,630 to €48,561
- Tax, wage and social debts -€10,596
down €10,596 (-66.7%), from €15,888 to €5,293
of which Taxes: -€10,596
- Gross operating margin +€5,313
up €5,313 (+10.1%), from €52,493 to €57,806
- Taxes +€868
up €868 (+8.0%), from €10,853 to €11,721
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 | €120,143 | €62,524 | -€57,619 | -48.0% |
| Fixed assets | 21/28 | €11,405 | €6,554 | -€4,851 | -42.5% |
| Tangible fixed assets | 22/27 | €11,405 | €6,554 | -€4,851 | -42.5% |
| Furniture and vehicles | 24 | €11,405 | €6,554 | -€4,851 | -42.5% |
| Current assets | 29/58 | €108,738 | €55,970 | -€52,768 | -48.5% |
| Amounts receivable within one year | 40/41 | €14,636 | €15,761 | +€1,125 | +7.7% |
| Trade receivables | 40 | €14,636 | €15,761 | +€1,125 | +7.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €93,247 | €39,572 | -€53,676 | -57.6% |
| Deferred charges and accrued income | 490/1 | €855 | €637 | -€218 | -25.5% |
| Total equity and liabilities | 10/49 | €120,143 | €62,524 | -€57,619 | -48.0% |
| Equity | 10/15 | €73,489 | €8,443 | -€65,046 | -88.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,389 | €8,343 | -€65,046 | -88.6% |
| Amounts payable | 17/49 | €46,654 | €54,082 | +€7,427 | +15.9% |
| Amounts payable within one year | 42/48 | €46,654 | €54,082 | +€7,427 | +15.9% |
| Trade debts | 44 | €136 | €228 | +€92 | +67.9% |
| Suppliers | 440/4 | €136 | €228 | +€92 | +67.9% |
| Taxes, remuneration and social security | 45 | €15,888 | €5,293 | -€10,596 | -66.7% |
| Taxes | 450/3 | €15,888 | €5,293 | -€10,596 | -66.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,630 | €48,561 | +€17,931 | +58.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,438 | €4,851 | +€413 | +9.3% |
| Other operating charges | 640/8 | €1,372 | €1,202 | -€170 | -12.4% |
| Gross operating margin | 9900 | €52,493 | €57,806 | +€5,313 | +10.1% |
| Operating profit (loss) | 9901 | €46,683 | €51,753 | +€5,070 | +10.9% |
| Financial income | 75/76B | €0 | €172 | +€172 | |
| Recurring financial income | 75 | €0 | €172 | +€172 | |
| Financial charges | 65/66B | €948 | €742 | -€205 | -21.6% |
| Recurring financial charges | 65 | €948 | €742 | -€205 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €45,735 | €51,182 | +€5,447 | +11.9% |
| Income taxes | 67/77 | €10,853 | €11,721 | +€868 | +8.0% |
| Profit (loss) for the period | 9904 | €34,882 | €39,461 | +€4,579 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,882 | €39,461 | +€4,579 | +13.1% |
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 19 October 2026 via checked.be.