ALPP: 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.
ALPP
Largest movements
- Stocks and contracts +€198,321
up €198,321 (+90.0%), from €220,388 to €418,709
- Receivables within one year +€68,779
up €68,779 (+93.2%), from €73,764 to €142,544
of which Trade receivables: +€78,752
- Tangible fixed assets -€33,300
down €33,300 (-14.6%), from €228,000 to €194,699
of which Furniture and vehicles: -€17,796
- Short-term financial debts +€195,109
up €195,109 (+129.5%), from €150,707 to €345,816
- Tax, wage and social debts +€27,140
up €27,140 (+255.0%), from €10,643 to €37,784
of which Taxes: +€24,369
- Trade debts +€24,401
up €24,401 (+75.1%), from €32,486 to €56,887
- Debts after one year -€20,533
down €20,533 (-6.6%), from €310,441 to €289,908
- Gross operating margin +€88,861
up €88,861, from -€13,352 to €75,509
- Financial charges +€13,171
up €13,171 (+105.9%), from €12,437 to €25,608
- Depreciation +€7,103
up €7,103 (+19.4%), from €36,687 to €43,790
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €526,151 | €760,913 | +€234,762 | +44.6% |
| Fixed assets | 21/28 | €228,000 | €194,699 | -€33,300 | -14.6% |
| Tangible fixed assets | 22/27 | €228,000 | €194,699 | -€33,300 | -14.6% |
| Plant, machinery and equipment | 23 | €36,589 | €28,736 | -€7,853 | -21.5% |
| Furniture and vehicles | 24 | €97,239 | €79,443 | -€17,796 | -18.3% |
| Other tangible fixed assets | 26 | €94,172 | €86,520 | -€7,652 | -8.1% |
| Current assets | 29/58 | €298,151 | €566,213 | +€268,062 | +89.9% |
| Stocks and contracts in progress | 3 | €220,388 | €418,709 | +€198,321 | +90.0% |
| Stocks | 30/36 | €220,388 | €418,709 | +€198,321 | +90.0% |
| Amounts receivable within one year | 40/41 | €73,764 | €142,544 | +€68,779 | +93.2% |
| Trade receivables | 40 | €62,348 | €141,100 | +€78,752 | +126.3% |
| Other amounts receivable | 41 | €11,417 | €1,444 | -€9,973 | -87.4% |
| Cash at bank and in hand | 54/58 | €550 | €3,015 | +€2,466 | +448.5% |
| Deferred charges and accrued income | 490/1 | €3,450 | €1,946 | -€1,504 | -43.6% |
| Total equity and liabilities | 10/49 | €526,151 | €760,913 | +€234,762 | +44.6% |
| Equity | 10/15 | -€19,325 | -€15,759 | +€3,567 | +18.5% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,785 | -€186,219 | +€3,567 | +1.9% |
| Amounts payable | 17/49 | €545,476 | €776,671 | +€231,195 | +42.4% |
| Amounts payable after more than one year | 17 | €310,441 | €289,908 | -€20,533 | -6.6% |
| Financial debts | 170/4 | €310,441 | €289,908 | -€20,533 | -6.6% |
| Amounts payable within one year | 42/48 | €234,282 | €484,266 | +€249,984 | +106.7% |
| Current portion of amounts payable after more than one year | 42 | €37,406 | €39,233 | +€1,826 | +4.9% |
| Financial debts | 43 | €150,707 | €345,816 | +€195,109 | +129.5% |
| Credit institutions | 430/8 | €150,707 | €345,816 | +€195,109 | +129.5% |
| Trade debts | 44 | €32,486 | €56,887 | +€24,401 | +75.1% |
| Suppliers | 440/4 | €32,486 | €56,887 | +€24,401 | +75.1% |
| Taxes, remuneration and social security | 45 | €10,643 | €37,784 | +€27,140 | +255.0% |
| Taxes | 450/3 | €6,374 | €30,743 | +€24,369 | +382.3% |
| Remuneration and social security | 454/9 | €4,269 | €7,041 | +€2,772 | +64.9% |
| Other amounts payable | 47/48 | €3,039 | €4,547 | +€1,508 | +49.6% |
| Accrued charges and deferred income | 492/3 | €753 | €2,498 | +€1,744 | +231.5% |
| Remuneration, social security and pensions | 62 | €75 | €246 | +€171 | +227.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,687 | €43,790 | +€7,103 | +19.4% |
| Other operating charges | 640/8 | €1,876 | €1,708 | -€169 | -9.0% |
| Gross operating margin | 9900 | -€13,352 | €75,509 | +€88,861 | |
| Operating profit (loss) | 9901 | -€51,991 | €29,765 | +€81,756 | |
| Financial income | 75/76B | €101 | €94 | -€7 | -7.0% |
| Recurring financial income | 75 | €101 | €94 | -€7 | -7.0% |
| Financial charges | 65/66B | €12,437 | €25,608 | +€13,171 | +105.9% |
| Recurring financial charges | 65 | €12,437 | €25,608 | +€13,171 | +105.9% |
| Profit (loss) for the period before taxes | 9903 | -€64,326 | €4,251 | +€68,577 | |
| Income taxes | 67/77 | €336 | €685 | +€348 | +103.5% |
| Profit (loss) for the period | 9904 | -€64,663 | €3,567 | +€68,229 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,663 | €3,567 | +€68,229 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.