ALPITEC: 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.
ALPITEC
Largest movements
- Tangible fixed assets +€88,341
up €88,341 (+327%), from €27,013 to €115,354
of which Other tangible fixed assets: +€50,939
- Cash +€79,845
up €79,845 (+21.6%), from €370,123 to €449,968
mainly Net result for the year (+€228,326) and Tax, wage and social debts (+€65,218)
- Receivables within one year +€15,577
up €15,577 (+7.5%), from €208,459 to €224,036
of which Trade receivables: +€30,472
- Reserves +€79,900
up €79,900 (+32.2%), from €248,100 to €328,000
of which Distributable reserves: +€79,900
- Tax, wage and social debts +€65,218
up €65,218 (+50.1%), from €130,297 to €195,516
of which Taxes: +€80,758
- Trade debts +€49,440
up €49,440 (+272%), from €18,160 to €67,601
- Debts after one year +€15,662
up €15,662 (+202%), from €7,772 to €23,434
- Other debts -€15,642
down €15,642 (-8.8%), from €176,908 to €161,266
- Gross operating margin +€123,745
up €123,745 (+13.3%), from €933,429 to €1.1m
- Staff costs +€60,877
up €60,877 (+12.1%), from €502,801 to €563,678
- Taxes +€26,615
up €26,615 (+34.1%), from €78,102 to €104,717
- Depreciation -€20,695
down €20,695 (-59.1%), from €35,027 to €14,331
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 | €620,747 | €815,335 | +€194,588 | +31.3% |
| Fixed assets | 21/28 | €31,820 | €128,271 | +€96,451 | +303% |
| Tangible fixed assets | 22/27 | €27,013 | €115,354 | +€88,341 | +327% |
| Furniture and vehicles | 24 | €27,013 | €64,416 | +€37,402 | +138% |
| Other tangible fixed assets | 26 | - | €50,939 | +€50,939 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €4,807 | €12,917 | +€8,110 | +169% |
| Current assets | 29/58 | €588,927 | €687,064 | +€98,137 | +16.7% |
| Amounts receivable within one year | 40/41 | €208,459 | €224,036 | +€15,577 | +7.5% |
| Trade receivables | 40 | €159,271 | €189,743 | +€30,472 | +19.1% |
| Other amounts receivable | 41 | €49,188 | €34,293 | -€14,896 | -30.3% |
| Cash at bank and in hand | 54/58 | €370,123 | €449,968 | +€79,845 | +21.6% |
| Deferred charges and accrued income | 490/1 | €10,345 | €13,061 | +€2,716 | +26.2% |
| Total equity and liabilities | 10/49 | €620,747 | €815,335 | +€194,588 | +31.3% |
| Equity | 10/15 | €274,967 | €348,150 | +€73,183 | +26.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €248,100 | €328,000 | +€79,900 | +32.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €246,100 | €326,000 | +€79,900 | +32.5% |
| Profit (loss) carried forward | 14 | €6,867 | €150 | -€6,717 | -97.8% |
| Amounts payable | 17/49 | €345,781 | €467,186 | +€121,405 | +35.1% |
| Amounts payable after more than one year | 17 | €7,772 | €23,434 | +€15,662 | +202% |
| Financial debts | 170/4 | €7,772 | €23,434 | +€15,662 | +202% |
| Amounts payable within one year | 42/48 | €338,008 | €435,577 | +€97,568 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €12,643 | €11,194 | -€1,449 | -11.5% |
| Trade debts | 44 | €18,160 | €67,601 | +€49,440 | +272% |
| Suppliers | 440/4 | €18,160 | €67,601 | +€49,440 | +272% |
| Taxes, remuneration and social security | 45 | €130,297 | €195,516 | +€65,218 | +50.1% |
| Taxes | 450/3 | €62,061 | €142,820 | +€80,758 | +130% |
| Remuneration and social security | 454/9 | €68,236 | €52,696 | -€15,540 | -22.8% |
| Other amounts payable | 47/48 | €176,908 | €161,266 | -€15,642 | -8.8% |
| Accrued charges and deferred income | 492/3 | €0 | €8,175 | +€8,175 | |
| Remuneration, social security and pensions | 62 | €502,801 | €563,678 | +€60,877 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,027 | €14,331 | -€20,695 | -59.1% |
| Other operating charges | 640/8 | €138,537 | €145,749 | +€7,212 | +5.2% |
| Gross operating margin | 9900 | €933,429 | €1,057,174 | +€123,745 | +13.3% |
| Operating profit (loss) | 9901 | €257,065 | €333,416 | +€76,351 | +29.7% |
| Financial income | 75/76B | €774 | €1,083 | +€309 | +40.0% |
| Recurring financial income | 75 | €774 | €1,083 | +€309 | +40.0% |
| Financial charges | 65/66B | €1,538 | €1,456 | -€82 | -5.3% |
| Recurring financial charges | 65 | €1,538 | €1,456 | -€82 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €256,301 | €333,043 | +€76,742 | +29.9% |
| Income taxes | 67/77 | €78,102 | €104,717 | +€26,615 | +34.1% |
| Profit (loss) for the period | 9904 | €178,198 | €228,326 | +€50,128 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €178,198 | €228,326 | +€50,128 | +28.1% |
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 14 October 2026 via checked.be.