ALPO-PE: 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.
ALPO-PE
Largest movements
- Tangible fixed assets +€76,483
up €76,483 (+52.8%), from €144,850 to €221,333
of which Furniture and vehicles: +€87,745
- Receivables within one year -€54,026
down €54,026 (-83.0%), from €65,079 to €11,054
of which Trade receivables: -€60,367
- Current investments -€35,000
down €35,000 (-9.7%), from €360,000 to €325,000
- Cash +€16,212
up €16,212 (+104%), from €15,582 to €31,794
mainly Receivables within one year (+€54,026) and Current investments (+€35,000)
- Reserves +€14,723
up €14,723 (+3.7%), from €394,529 to €409,251
of which Distributable reserves: +€14,723
- Debts after one year -€12,480
down €12,480 (-14.5%), from €86,109 to €73,629
- Gross operating margin -€24,654
down €24,654 (-32.8%), from €75,209 to €50,555
- Depreciation +€13,905
up €13,905 (+123%), from €11,263 to €25,168
- Taxes -€13,784
down €13,784 (-62.2%), from €22,165 to €8,382
- Financial income -€4,438
down €4,438 (-38.1%), from €11,638 to €7,200
- Other operating charges +€3,559
up €3,559 (+149%), from €2,391 to €5,950
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 | €585,512 | €589,181 | +€3,669 | +0.6% |
| Fixed assets | 21/28 | €144,850 | €221,333 | +€76,483 | +52.8% |
| Tangible fixed assets | 22/27 | €144,850 | €221,333 | +€76,483 | +52.8% |
| Land and buildings | 22 | €141,770 | €132,047 | -€9,723 | -6.9% |
| Plant, machinery and equipment | 23 | €3,080 | €1,540 | -€1,540 | -50.0% |
| Furniture and vehicles | 24 | - | €87,745 | +€87,745 | |
| Current assets | 29/58 | €440,662 | €367,848 | -€72,814 | -16.5% |
| Amounts receivable within one year | 40/41 | €65,079 | €11,054 | -€54,026 | -83.0% |
| Trade receivables | 40 | €65,079 | €4,712 | -€60,367 | -92.8% |
| Other amounts receivable | 41 | - | €6,342 | +€6,342 | |
| Current investments | 50/53 | €360,000 | €325,000 | -€35,000 | -9.7% |
| Cash at bank and in hand | 54/58 | €15,582 | €31,794 | +€16,212 | +104% |
| Total equity and liabilities | 10/49 | €585,512 | €589,181 | +€3,669 | +0.6% |
| Equity | 10/15 | €456,529 | €471,251 | +€14,723 | +3.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €394,529 | €409,251 | +€14,723 | +3.7% |
| Non-distributable reserves | 130/1 | €14,545 | €14,545 | = | 0.0% |
| Legal reserve | 130 | €14,545 | €14,545 | = | 0.0% |
| Distributable reserves | 133 | €379,984 | €394,707 | +€14,723 | +3.9% |
| Amounts payable | 17/49 | €128,983 | €117,929 | -€11,054 | -8.6% |
| Amounts payable after more than one year | 17 | €86,109 | €73,629 | -€12,480 | -14.5% |
| Financial debts | 170/4 | €86,109 | €73,629 | -€12,480 | -14.5% |
| Amounts payable within one year | 42/48 | €4,395 | €2,326 | -€2,070 | -47.1% |
| Trade debts | 44 | €383 | €104 | -€279 | -72.9% |
| Suppliers | 440/4 | €383 | €104 | -€279 | -72.9% |
| Taxes, remuneration and social security | 45 | €4,013 | €2,222 | -€1,791 | -44.6% |
| Taxes | 450/3 | €4,013 | €2,222 | -€1,791 | -44.6% |
| Accrued charges and deferred income | 492/3 | €38,479 | €41,975 | +€3,496 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,263 | €25,168 | +€13,905 | +123% |
| Other operating charges | 640/8 | €2,391 | €5,950 | +€3,559 | +149% |
| Gross operating margin | 9900 | €75,209 | €50,555 | -€24,654 | -32.8% |
| Operating profit (loss) | 9901 | €61,554 | €19,437 | -€42,117 | -68.4% |
| Financial income | 75/76B | €11,638 | €7,200 | -€4,438 | -38.1% |
| Recurring financial income | 75 | €11,638 | €7,200 | -€4,438 | -38.1% |
| Financial charges | 65/66B | €3,530 | €3,533 | +€3 | +0.1% |
| Recurring financial charges | 65 | €3,530 | €3,533 | +€3 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €69,663 | €23,105 | -€46,558 | -66.8% |
| Income taxes | 67/77 | €22,165 | €8,382 | -€13,784 | -62.2% |
| Profit (loss) for the period | 9904 | €47,498 | €14,723 | -€32,775 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,498 | €14,723 | -€32,775 | -69.0% |
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 28 October 2026 via checked.be.