AL-FA Engineering: 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.
AL-FA Engineering
Largest movements
- Cash -€11,713
down €11,713 (-10.7%), from €109,324 to €97,611
mainly Contributions, distributions and other (-€47,951) and Tax, wage and social debts (-€11,738)
- Tangible fixed assets +€8,293
up €8,293 (+152%), from €5,459 to €13,752
of which Furniture and vehicles: +€6,425
- Receivables within one year +€3,506
up €3,506 (+24.9%), from €14,084 to €17,590
of which Trade receivables: +€3,506
- Tax, wage and social debts -€11,738
down €11,738 (-43.9%), from €26,739 to €15,001
of which Taxes: -€8,890
- Trade debts +€7,546
up €7,546 (+447%), from €1,690 to €9,236
- Other debts +€3,180
up €3,180 (+6.2%), from €51,306 to €54,486
- Gross operating margin -€17,706
down €17,706 (-24.8%), from €71,348 to €53,642
- Financial income +€12,430
up €12,430 (+1,995%), from €623 to €13,053
of which Non-recurring financial income: +€12,100
- Depreciation -€6,779
down €6,779 (-95.6%), from €7,090 to €310
- Write-downs +€5,639
new in 2025: €5,639
- Taxes -€4,465
down €4,465 (-26.5%), from €16,840 to €12,375
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 | €130,829 | €129,817 | -€1,012 | -0.8% |
| Fixed assets | 21/28 | €5,559 | €13,852 | +€8,293 | +149% |
| Tangible fixed assets | 22/27 | €5,459 | €13,752 | +€8,293 | +152% |
| Furniture and vehicles | 24 | €5,459 | €11,884 | +€6,425 | +118% |
| Other tangible fixed assets | 26 | - | €1,869 | +€1,869 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €125,270 | €115,965 | -€9,305 | -7.4% |
| Amounts receivable within one year | 40/41 | €14,084 | €17,590 | +€3,506 | +24.9% |
| Trade receivables | 40 | €14,084 | €17,590 | +€3,506 | +24.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €109,324 | €97,611 | -€11,713 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,862 | €764 | -€1,097 | -58.9% |
| Total equity and liabilities | 10/49 | €130,829 | €129,817 | -€1,012 | -0.8% |
| Equity | 10/15 | €51,095 | €51,095 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,095 | €36,095 | = | 0.0% |
| Amounts payable | 17/49 | €79,735 | €78,723 | -€1,012 | -1.3% |
| Amounts payable within one year | 42/48 | €79,735 | €78,723 | -€1,012 | -1.3% |
| Trade debts | 44 | €1,690 | €9,236 | +€7,546 | +447% |
| Suppliers | 440/4 | €1,690 | €9,236 | +€7,546 | +447% |
| Taxes, remuneration and social security | 45 | €26,739 | €15,001 | -€11,738 | -43.9% |
| Taxes | 450/3 | €23,891 | €15,001 | -€8,890 | -37.2% |
| Remuneration and social security | 454/9 | €2,848 | - | -€2,848 | |
| Other amounts payable | 47/48 | €51,306 | €54,486 | +€3,180 | +6.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,090 | €310 | -€6,779 | -95.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,639 | +€5,639 | |
| Other operating charges | 640/8 | €710 | €335 | -€375 | -52.8% |
| Gross operating margin | 9900 | €71,348 | €53,642 | -€17,706 | -24.8% |
| Operating profit (loss) | 9901 | €63,548 | €47,357 | -€16,191 | -25.5% |
| Financial income | 75/76B | €623 | €13,053 | +€12,430 | +1,995% |
| Recurring financial income | 75 | €623 | €953 | +€330 | +52.9% |
| Non-recurring financial income | 76B | - | €12,100 | +€12,100 | |
| Financial charges | 65/66B | €84 | €84 | -€0 | 0.0% |
| Recurring financial charges | 65 | €84 | €84 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €64,087 | €60,326 | -€3,761 | -5.9% |
| Income taxes | 67/77 | €16,840 | €12,375 | -€4,465 | -26.5% |
| Profit (loss) for the period | 9904 | €47,247 | €47,951 | +€704 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,247 | €47,951 | +€704 | +1.5% |
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 14 October 2026 via checked.be.