Alpsy: 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.
Alpsy
Largest movements
- Cash +€40,565
up €40,565 (+870.7%), from €4,659 to €45,224
mainly Net result for the year (+€37,520) and Debts after one year (+€20,075)
- Tangible fixed assets +€24,513
new in 2025: €24,513
of which Furniture and vehicles: +€22,817
- Receivables within one year +€7,933
up €7,933 (+293.4%), from €2,703 to €10,636
of which Other amounts receivable: +€6,692
- Deferred charges and accrued income +€2,425
new in 2025: €2,425
- Financial fixed assets +€850
new in 2025: €850
- Profit (loss) carried forward +€37,520
up €37,520 (+971.5%), from €3,862 to €41,382
- Debts after one year +€20,075
new in 2025: €20,075
- Tax, wage and social debts +€13,500
up €13,500 (+1377.5%), from €980 to €14,480
- Current portion of long-term debt +€5,193
new in 2025: €5,193
- Gross operating margin +€52,263
up €52,263 (+991.0%), from €5,274 to €57,537
- Taxes +€12,520
up €12,520 (+1277.5%), from €980 to €13,500
- Depreciation +€5,309
new in 2025: €5,309
- Financial charges +€784
up €784 (+1761.9%), from €45 to €829
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 | €7,362 | €83,648 | +€76,286 | +1036.2% |
| Fixed assets | 21/28 | - | €25,363 | +€25,363 | |
| Tangible fixed assets | 22/27 | - | €24,513 | +€24,513 | |
| Plant, machinery and equipment | 23 | - | €1,696 | +€1,696 | |
| Furniture and vehicles | 24 | - | €22,817 | +€22,817 | |
| Financial fixed assets | 28 | - | €850 | +€850 | |
| Current assets | 29/58 | €7,362 | €58,286 | +€50,923 | +691.7% |
| Amounts receivable within one year | 40/41 | €2,703 | €10,636 | +€7,933 | +293.4% |
| Trade receivables | 40 | €2,703 | €3,944 | +€1,241 | +45.9% |
| Other amounts receivable | 41 | - | €6,692 | +€6,692 | |
| Cash at bank and in hand | 54/58 | €4,659 | €45,224 | +€40,565 | +870.7% |
| Deferred charges and accrued income | 490/1 | - | €2,425 | +€2,425 | |
| Total equity and liabilities | 10/49 | €7,362 | €83,648 | +€76,286 | +1036.2% |
| Equity | 10/15 | €6,362 | €43,882 | +€37,520 | +589.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,862 | €41,382 | +€37,520 | +971.5% |
| Amounts payable | 17/49 | €1,000 | €39,766 | +€38,766 | +3875.5% |
| Amounts payable after more than one year | 17 | - | €20,075 | +€20,075 | |
| Financial debts | 170/4 | - | €20,075 | +€20,075 | |
| Amounts payable within one year | 42/48 | €1,000 | €19,691 | +€18,691 | +1868.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,193 | +€5,193 | |
| Trade debts | 44 | - | €18 | +€18 | |
| Suppliers | 440/4 | - | €18 | +€18 | |
| Taxes, remuneration and social security | 45 | €980 | €14,480 | +€13,500 | +1377.5% |
| Taxes | 450/3 | €980 | €14,480 | +€13,500 | +1377.5% |
| Other amounts payable | 47/48 | €20 | - | -€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,309 | +€5,309 | |
| Other operating charges | 640/8 | €387 | €475 | +€87 | +22.6% |
| Gross operating margin | 9900 | €5,274 | €57,537 | +€52,263 | +991.0% |
| Operating profit (loss) | 9901 | €4,887 | €51,753 | +€46,866 | +959.1% |
| Financial income | 75/76B | - | €96 | +€96 | |
| Recurring financial income | 75 | - | €96 | +€96 | |
| Financial charges | 65/66B | €45 | €829 | +€784 | +1761.9% |
| Recurring financial charges | 65 | €45 | €829 | +€784 | +1761.9% |
| Profit (loss) for the period before taxes | 9903 | €4,842 | €51,020 | +€46,178 | +953.7% |
| Income taxes | 67/77 | €980 | €13,500 | +€12,520 | +1277.5% |
| Profit (loss) for the period | 9904 | €3,862 | €37,520 | +€33,658 | +871.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,862 | €37,520 | +€33,658 | +871.5% |
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.