ALPINTER: 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.
What changed
ALPINTER
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€629,439
2024 · €1.8m-€1.2m
Equity
€9.0m
2024 · €11.9m-€2.9m
Cash
€6.7m
2024 · €1.1m+€5.6m
Balance sheet total
€19.0m
2024 · €28.0m-€9.0m
Largest movements
Assets
- Receivables within one year -€11.5m
down €11.5m (-69.1%), from €16.6m to €5.1m
of which Trade receivables: -€11.4m
- Cash +€5.6m
up €5.6m (+531.6%), from €1.1m to €6.7m
mainly Receivables within one year (+€11.5m) and Advances received (+€4.3m)
- Stocks and contracts -€3.7m
down €3.7m (-37.5%), from €9.9m to €6.2m
- Deferred charges and accrued income +€507,721
up €507,721 (+5193.5%), from €9,776 to €517,497
Equity and liabilities
- Short-term financial debts -€6.5m
no longer reported in 2025 (was €6.5m)
- Advances received +€4.3m
up €4.3m (+977.2%), from €440,430 to €4.7m
- Trade debts -€3.6m
down €3.6m (-58.9%), from €6.1m to €2.5m
- Profit (loss) carried forward -€2.9m
down €2.9m (-31.6%), from €9.2m to €6.3m
- Tax, wage and social debts -€394,345
down €394,345 (-54.0%), from €729,832 to €335,487
of which Taxes: -€375,056
Income statement
- Turnover -€18.2m
down €18.2m (-35.4%), from €51.4m to €33.3m
- Goods and materials -€15.6m
down €15.6m (-35.4%), from €44.0m to €28.5m
of which Purchases: -€24.4m
- Services and other goods -€1.4m
down €1.4m (-40.3%), from €3.6m to €2.1m
- Financial charges +€1.2m
up €1.2m (+142.9%), from €863,801 to €2.1m
- Financial income +€783,347
up €783,347 (+178.0%), from €440,041 to €1.2m
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.
Result 2024
€1.8m
Turnover
-€18.2m
Other operating income
-€66,762
Goods and materials
+€15.6m
Services and other goods
+€1.4m
Staff costs
+€92,373
Depreciation
-€11,117
Other operating charges
-€127
Other operating items
+€4,876
Financial income
+€783,347
Financial charges
-€1.2m
Taxes
+€399,188
Result 2025
€629,439
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.
From operations
+€15.9m
Investment
-€96,867
Financing
-€10.2m
Cash 2024
€1.1m
From operations (derived)
+€15.9m
Net result for the year
+€629,439
Depreciation
+€74,419
Stocks and contracts
+€3.7m
Receivables within one year
+€11.5m
Deferred charges and accrued income
-€507,721
Trade debts
-€3.6m
Tax, wage and social debts
-€394,345
Advances received
+€4.3m
Accrued charges and deferred income
+€197,517
Investment (derived)
-€96,867
Investment in fixed assets (net)
-€96,867
Financing
-€10.2m
Debts after one year
-€64,175
Current portion of long-term debt
-€4,508
Short-term financial debts
-€6.5m
Contributions, distributions and other
-€3.6m
Cash 2025
€6.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,996,390 | €18,972,028 | -€9.0m | -32.2% |
| Fixed assets | 21/28 | €418,171 | €440,619 | +€22,448 | +5.4% |
| Intangible fixed assets | 21 | €26,995 | €105,161 | +€78,166 | +289.6% |
| Tangible fixed assets | 22/27 | €390,538 | €334,944 | -€55,594 | -14.2% |
| Land and buildings | 22 | €288,355 | €281,634 | -€6,721 | -2.3% |
| Plant, machinery and equipment | 23 | €12,398 | €9,207 | -€3,191 | -25.7% |
| Furniture and vehicles | 24 | €89,785 | €44,103 | -€45,682 | -50.9% |
| Financial fixed assets | 28 | €638 | €514 | -€124 | -19.4% |
| Other financial fixed assets | 284/8 | €638 | €514 | -€124 | -19.4% |
| Amounts receivable and cash guarantees | 285/8 | €638 | €514 | -€124 | -19.4% |
| Current assets | 29/58 | €27,578,219 | €18,531,409 | -€9.0m | -32.8% |
| Stocks and contracts in progress | 3 | €9,922,452 | €6,204,014 | -€3.7m | -37.5% |
| Stocks | 30/36 | €9,922,452 | €6,204,014 | -€3.7m | -37.5% |
| Goods purchased for resale | 34 | €9,922,452 | €6,204,014 | -€3.7m | -37.5% |
| Amounts receivable within one year | 40/41 | €16,587,218 | €5,123,081 | -€11.5m | -69.1% |
| Trade receivables | 40 | €16,409,359 | €5,041,833 | -€11.4m | -69.3% |
| Other amounts receivable | 41 | €177,859 | €81,249 | -€96,610 | -54.3% |
| Cash at bank and in hand | 54/58 | €1,058,774 | €6,686,817 | +€5.6m | +531.6% |
| Deferred charges and accrued income | 490/1 | €9,776 | €517,497 | +€507,721 | +5193.5% |
| Total equity and liabilities | 10/49 | €27,996,390 | €18,972,028 | -€9.0m | -32.2% |
| Equity | 10/15 | €11,943,375 | €9,022,815 | -€2.9m | -24.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,693,013 | €2,675,079 | -€17,933 | -0.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,101,828 | €2,008,493 | -€93,335 | -4.4% |
| Distributable reserves | 133 | €585,035 | €660,437 | +€75,402 | +12.9% |
| Profit (loss) carried forward | 14 | €9,188,863 | €6,286,235 | -€2.9m | -31.6% |
| Amounts payable | 17/49 | €16,053,015 | €9,949,213 | -€6.1m | -38.0% |
| Amounts payable after more than one year | 17 | €455,232 | €391,057 | -€64,175 | -14.1% |
| Financial debts | 170/4 | €455,232 | €391,057 | -€64,175 | -14.1% |
| Credit institutions | 173 | €455,232 | €391,057 | -€64,175 | -14.1% |
| Amounts payable within one year | 42/48 | €13,890,879 | €7,653,735 | -€6.2m | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €65,905 | €61,397 | -€4,508 | -6.8% |
| Financial debts | 43 | €6,544,629 | - | -€6.5m | |
| Credit institutions | 430/8 | €6,544,629 | - | -€6.5m | |
| Trade debts | 44 | €6,110,083 | €2,512,495 | -€3.6m | -58.9% |
| Suppliers | 440/4 | €6,110,083 | €2,512,495 | -€3.6m | -58.9% |
| Advances received on contracts in progress | 46 | €440,430 | €4,744,356 | +€4.3m | +977.2% |
| Taxes, remuneration and social security | 45 | €729,832 | €335,487 | -€394,345 | -54.0% |
| Taxes | 450/3 | €581,346 | €206,291 | -€375,056 | -64.5% |
| Remuneration and social security | 454/9 | €148,486 | €129,197 | -€19,289 | -13.0% |
| Accrued charges and deferred income | 492/3 | €1,706,904 | €1,904,421 | +€197,517 | +11.6% |
| Operating income | 70/76A | €51,634,023 | €33,388,314 | -€18.2m | -35.3% |
| Turnover | 70 | €51,432,487 | €33,250,043 | -€18.2m | -35.4% |
| Other operating income | 74 | €199,992 | €133,229 | -€66,762 | -33.4% |
| Non-recurring operating income | 76A | €1,544 | €5,042 | +€3,498 | +226.5% |
| Operating charges | 60/66A | €48,748,694 | €31,653,026 | -€17.1m | -35.1% |
| Goods for resale, raw materials and consumables | 60 | €44,039,675 | €28,465,742 | -€15.6m | -35.4% |
| Purchases | 600/8 | €49,110,322 | €24,747,304 | -€24.4m | -49.6% |
| Change in stocks: decrease (increase) | 609 | -€5,070,647 | €3,718,438 | +€8.8m | |
| Services and other goods | 61 | €3,574,558 | €2,135,332 | -€1.4m | -40.3% |
| Remuneration, social security and pensions | 62 | €1,062,822 | €970,449 | -€92,373 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,302 | €74,419 | +€11,117 | +17.6% |
| Other operating charges | 640/8 | €6,958 | €7,085 | +€127 | +1.8% |
| Non-recurring operating charges | 66A | €1,379 | - | -€1,379 | |
| Operating profit (loss) | 9901 | €2,885,329 | €1,735,287 | -€1.2m | -39.9% |
| Financial income | 75/76B | €440,041 | €1,223,388 | +€783,347 | +178.0% |
| Recurring financial income | 75 | €440,041 | €1,223,388 | +€783,347 | +178.0% |
| Income from current assets | 751 | €3,644 | €2,833 | -€811 | -22.3% |
| Other financial income | 752/9 | €436,397 | €1,220,555 | +€784,157 | +179.7% |
| Financial charges | 65/66B | €863,801 | €2,098,314 | +€1.2m | +142.9% |
| Recurring financial charges | 65 | €863,801 | €2,098,314 | +€1.2m | +142.9% |
| Debt charges | 650 | €171,297 | €205,689 | +€34,392 | +20.1% |
| Other financial charges | 652/9 | €692,504 | €1,892,624 | +€1.2m | +173.3% |
| Profit (loss) for the period before taxes | 9903 | €2,461,569 | €860,362 | -€1.6m | -65.0% |
| Income taxes | 67/77 | €630,110 | €230,923 | -€399,188 | -63.4% |
| Taxes | 670/3 | €630,110 | €230,923 | -€399,188 | -63.4% |
| Profit (loss) for the period | 9904 | €1,831,459 | €629,439 | -€1.2m | -65.6% |
| Transfer from tax-exempt reserves | 789 | €104,535 | €93,335 | -€11,200 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,935,994 | €722,774 | -€1.2m | -62.7% |
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 9 October 2026 via checked.be.