STUDIO ALPACA: 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.
STUDIO ALPACA
Largest movements
- Cash +€17,419
up €17,419 (+53.6%), from €32,516 to €49,935
mainly Net result for the year (+€17,307) and Tax, wage and social debts (+€4,280)
- Receivables within one year -€1,812
down €1,812 (-12.2%), from €14,800 to €12,988
of which Trade receivables: -€1,809
- Tangible fixed assets -€678
down €678 (-34.6%), from €1,963 to €1,285
- Profit (loss) carried forward +€17,307
up €17,307, from -€2,151 to €15,157
- Trade debts -€4,493
down €4,493 (-80.2%), from €5,600 to €1,107
- Tax, wage and social debts +€4,280
up €4,280 (+266.4%), from €1,606 to €5,886
- Other debts -€1,779
down €1,779 (-46.4%), from €3,837 to €2,058
- Gross operating margin +€23,629
up €23,629, from -€232 to €23,397
- Taxes +€4,280
up €4,280 (+709.3%), from €603 to €4,883
- Other operating charges -€387
down €387 (-86.2%), from €449 to €62
- Financial charges +€332
up €332 (+246.6%), from €135 to €466
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 | €49,280 | €64,207 | +€14,928 | +30.3% |
| Fixed assets | 21/28 | €1,963 | €1,285 | -€678 | -34.6% |
| Tangible fixed assets | 22/27 | €1,963 | €1,285 | -€678 | -34.6% |
| Furniture and vehicles | 24 | €1,963 | €1,285 | -€678 | -34.6% |
| Current assets | 29/58 | €47,316 | €62,923 | +€15,606 | +33.0% |
| Amounts receivable within one year | 40/41 | €14,800 | €12,988 | -€1,812 | -12.2% |
| Trade receivables | 40 | €10,889 | €9,080 | -€1,809 | -16.6% |
| Other amounts receivable | 41 | €3,911 | €3,908 | -€3 | -0.1% |
| Cash at bank and in hand | 54/58 | €32,516 | €49,935 | +€17,419 | +53.6% |
| Total equity and liabilities | 10/49 | €49,280 | €64,207 | +€14,928 | +30.3% |
| Equity | 10/15 | €37,849 | €55,157 | +€17,307 | +45.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,151 | €15,157 | +€17,307 | |
| Amounts payable | 17/49 | €11,430 | €9,050 | -€2,380 | -20.8% |
| Amounts payable within one year | 42/48 | €11,043 | €9,050 | -€1,992 | -18.0% |
| Trade debts | 44 | €5,600 | €1,107 | -€4,493 | -80.2% |
| Suppliers | 440/4 | €5,600 | €1,107 | -€4,493 | -80.2% |
| Taxes, remuneration and social security | 45 | €1,606 | €5,886 | +€4,280 | +266.4% |
| Taxes | 450/3 | €1,606 | €5,886 | +€4,280 | +266.4% |
| Other amounts payable | 47/48 | €3,837 | €2,058 | -€1,779 | -46.4% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Non-recurring operating income | 76A | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €732 | €678 | -€53 | -7.3% |
| Other operating charges | 640/8 | €449 | €62 | -€387 | -86.2% |
| Gross operating margin | 9900 | -€232 | €23,397 | +€23,629 | |
| Operating profit (loss) | 9901 | -€1,413 | €22,657 | +€24,069 | |
| Financial charges | 65/66B | €135 | €466 | +€332 | +246.6% |
| Recurring financial charges | 65 | €135 | €466 | +€332 | +246.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,547 | €22,190 | +€23,738 | |
| Income taxes | 67/77 | €603 | €4,883 | +€4,280 | +709.3% |
| Profit (loss) for the period | 9904 | -€2,151 | €17,307 | +€19,458 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,151 | €17,307 | +€19,458 |
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 12 October 2026 via checked.be.