ALPUB: 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.
ALPUB
Largest movements
- Receivables within one year +€37,960
up €37,960 (+98.0%), from €38,741 to €76,702
of which Trade receivables: +€39,510
- Stocks and contracts +€21,717
up €21,717 (+12.4%), from €175,107 to €196,824
- Cash -€4,685
down €4,685 (-61.6%), from €7,607 to €2,922
mainly Receivables within one year (-€37,960) and Debts after one year (-€34,538)
- Tangible fixed assets -€3,893
down €3,893 (-7.5%), from €52,132 to €48,239
of which Furniture and vehicles: -€2,515
- Other debts +€74,202
up €74,202 (+88.0%), from €84,318 to €158,520
- Debts after one year -€34,538
down €34,538 (-89.2%), from €38,716 to €4,179
- Current portion of long-term debt -€10,418
down €10,418 (-44.0%), from €23,651 to €13,233
- Advances received +€8,536
up €8,536 (+88.0%), from €9,695 to €18,232
- Reserves +€8,420
up €8,420 (+64.0%), from €13,160 to €21,580
- Gross operating margin +€18,616
up €18,616 (+8,780%), from €212 to €18,828
- Taxes +€2,407
up €2,407 (+796%), from €303 to €2,710
- Depreciation +€1,220
up €1,220 (+36.6%), from €3,334 to €4,554
- Financial charges -€989
down €989 (-31.1%), from €3,183 to €2,195
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 | €273,831 | €324,935 | +€51,104 | +18.7% |
| Fixed assets | 21/28 | €52,132 | €48,239 | -€3,893 | -7.5% |
| Tangible fixed assets | 22/27 | €52,132 | €48,239 | -€3,893 | -7.5% |
| Land and buildings | 22 | €43,936 | €43,347 | -€589 | -1.3% |
| Plant, machinery and equipment | 23 | €3,115 | €2,326 | -€789 | -25.3% |
| Furniture and vehicles | 24 | €5,081 | €2,566 | -€2,515 | -49.5% |
| Current assets | 29/58 | €221,699 | €276,696 | +€54,997 | +24.8% |
| Stocks and contracts in progress | 3 | €175,107 | €196,824 | +€21,717 | +12.4% |
| Stocks | 30/36 | €175,107 | €196,824 | +€21,717 | +12.4% |
| Amounts receivable within one year | 40/41 | €38,741 | €76,702 | +€37,960 | +98.0% |
| Trade receivables | 40 | €33,061 | €72,572 | +€39,510 | +120% |
| Other amounts receivable | 41 | €5,680 | €4,130 | -€1,550 | -27.3% |
| Cash at bank and in hand | 54/58 | €7,607 | €2,922 | -€4,685 | -61.6% |
| Deferred charges and accrued income | 490/1 | €243 | €248 | +€5 | +2.1% |
| Total equity and liabilities | 10/49 | €273,831 | €324,935 | +€51,104 | +18.7% |
| Equity | 10/15 | €88,183 | €96,612 | +€8,430 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,160 | €21,580 | +€8,420 | +64.0% |
| Distributable reserves | 133 | €13,160 | €21,580 | +€8,420 | +64.0% |
| Profit (loss) carried forward | 14 | €56,423 | €56,432 | +€10 | 0.0% |
| Amounts payable | 17/49 | €185,648 | €228,322 | +€42,674 | +23.0% |
| Amounts payable after more than one year | 17 | €38,716 | €4,179 | -€34,538 | -89.2% |
| Financial debts | 170/4 | €38,716 | €4,179 | -€34,538 | -89.2% |
| Amounts payable within one year | 42/48 | €146,932 | €224,143 | +€77,212 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €23,651 | €13,233 | -€10,418 | -44.0% |
| Trade debts | 44 | €19,110 | €25,014 | +€5,904 | +30.9% |
| Suppliers | 440/4 | €19,110 | €25,014 | +€5,904 | +30.9% |
| Advances received on contracts in progress | 46 | €9,695 | €18,232 | +€8,536 | +88.0% |
| Taxes, remuneration and social security | 45 | €10,157 | €9,144 | -€1,013 | -10.0% |
| Taxes | 450/3 | €10,157 | €9,144 | -€1,013 | -10.0% |
| Other amounts payable | 47/48 | €84,318 | €158,520 | +€74,202 | +88.0% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,334 | €4,554 | +€1,220 | +36.6% |
| Other operating charges | 640/8 | €1,226 | €1,402 | +€176 | +14.3% |
| Gross operating margin | 9900 | €212 | €18,828 | +€18,616 | +8,780% |
| Operating profit (loss) | 9901 | -€4,349 | €12,872 | +€17,221 | |
| Financial income | 75/76B | €591 | €461 | -€129 | -21.9% |
| Recurring financial income | 75 | €591 | €461 | -€129 | -21.9% |
| Financial charges | 65/66B | €3,183 | €2,195 | -€989 | -31.1% |
| Recurring financial charges | 65 | €3,183 | €2,195 | -€989 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,941 | €11,139 | +€18,080 | |
| Income taxes | 67/77 | €303 | €2,710 | +€2,407 | +796% |
| Profit (loss) for the period | 9904 | -€7,244 | €8,430 | +€15,673 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,244 | €8,430 | +€15,673 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.