L'ALPAGE: 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.
L'ALPAGE
Largest movements
- Receivables within one year +€441
up €441 (+7.4%), from €5,939 to €6,380
- Other debts -€5,164
down €5,164 (-28.6%), from €18,028 to €12,864
- Profit (loss) carried forward +€4,856
up €4,856 (+28.4%), from -€17,118 to -€12,262
- Trade debts +€865
up €865 (+210%), from €412 to €1,277
- Tax, wage and social debts -€117
down €117 (-6.8%), from €1,724 to €1,607
- Gross operating margin -€2,222
down €2,222 (-28.7%), from €7,743 to €5,522
- Other operating charges +€334
up €334 (+668%), from €50 to €384
- Financial charges +€124
up €124 (+79.3%), from €157 to €281
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,350 | €9,790 | +€440 | +4.7% |
| Fixed assets | 21/28 | €3,030 | €3,030 | = | 0.0% |
| Financial fixed assets | 28 | €3,030 | €3,030 | = | 0.0% |
| Current assets | 29/58 | €6,320 | €6,760 | +€440 | +7.0% |
| Stocks and contracts in progress | 3 | €341 | €380 | +€39 | +11.5% |
| Stocks | 30/36 | €341 | €380 | +€39 | +11.5% |
| Amounts receivable within one year | 40/41 | €5,939 | €6,380 | +€441 | +7.4% |
| Other amounts receivable | 41 | €5,939 | €6,380 | +€441 | +7.4% |
| Deferred charges and accrued income | 490/1 | €40 | €0 | -€40 | -100% |
| Total equity and liabilities | 10/49 | €9,350 | €9,790 | +€440 | +4.7% |
| Equity | 10/15 | -€10,814 | -€5,958 | +€4,856 | +44.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €104 | €104 | = | 0.0% |
| Non-distributable reserves | 130/1 | €104 | €104 | = | 0.0% |
| Reserves not available under the articles | 1311 | €104 | €104 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,118 | -€12,262 | +€4,856 | +28.4% |
| Amounts payable | 17/49 | €20,164 | €15,748 | -€4,416 | -21.9% |
| Amounts payable within one year | 42/48 | €20,164 | €15,748 | -€4,416 | -21.9% |
| Trade debts | 44 | €412 | €1,277 | +€865 | +210% |
| Suppliers | 440/4 | €412 | €1,277 | +€865 | +210% |
| Taxes, remuneration and social security | 45 | €1,724 | €1,607 | -€117 | -6.8% |
| Taxes | 450/3 | €1,724 | €1,607 | -€117 | -6.8% |
| Other amounts payable | 47/48 | €18,028 | €12,864 | -€5,164 | -28.6% |
| Other operating charges | 640/8 | €50 | €384 | +€334 | +668% |
| Gross operating margin | 9900 | €7,743 | €5,522 | -€2,222 | -28.7% |
| Operating profit (loss) | 9901 | €7,693 | €5,138 | -€2,556 | -33.2% |
| Financial charges | 65/66B | €157 | €281 | +€124 | +79.3% |
| Recurring financial charges | 65 | €157 | €281 | +€124 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | €7,536 | €4,856 | -€2,680 | -35.6% |
| Profit (loss) for the period | 9904 | €7,536 | €4,856 | -€2,680 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,536 | €4,856 | -€2,680 | -35.6% |
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 29 October 2026 via checked.be.