ALCAFIN: what changed
Two fiscal 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.
ALCAFIN
Largest movements
- Cash +€58,234
up €58,234 (+43.7%), from €133,200 to €191,433
mainly Net result for the year (+€110,554) and Depreciation (+€8,007)
- Receivables within one year +€22,097
up €22,097 (+64.2%), from €34,418 to €56,515
of which Other amounts receivable: +€21,536
- Tangible fixed assets -€5,106
down €5,106 (-7.5%), from €67,984 to €62,878
of which Land and buildings: -€6,600
- Reserves +€110,554
up €110,554 (+105.7%), from €104,600 to €215,154
- Debts after one year -€34,539
down €34,539 (-19.2%), from €179,778 to €145,239
- Tax, wage and social debts -€8,633
down €8,633 (-36.3%), from €23,778 to €15,144
- Trade debts +€6,809
up €6,809 (+305.1%), from €2,232 to €9,041
- Taxes +€47,281
up €47,281 (+611.7%), from €7,729 to €55,010
- Financial charges +€12,005
up €12,005 (+122.8%), from €9,778 to €21,782
of which Non-recurring financial charges: +€8,000
- Gross operating margin -€10,972
down €10,972 (-5.3%), from €208,169 to €197,197
- Financial income +€3,272
up €3,272 (+421.6%), from €776 to €4,049
of which Financial income: +€2,603
- Other operating charges +€3,203
up €3,203 (+119.1%), from €2,689 to €5,892
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 | €358,780 | €434,095 | +€75,315 | +21.0% |
| Fixed assets | 21/28 | €175,704 | €170,598 | -€5,106 | -2.9% |
| Tangible fixed assets | 22/27 | €67,984 | €62,878 | -€5,106 | -7.5% |
| Land and buildings | 22 | €66,000 | €59,400 | -€6,600 | -10.0% |
| Plant, machinery and equipment | 23 | €1,538 | €3,209 | +€1,671 | +108.7% |
| Furniture and vehicles | 24 | €446 | €268 | -€178 | -39.8% |
| Financial fixed assets | 28 | €107,720 | €107,720 | = | 0.0% |
| Current assets | 29/58 | €183,076 | €263,497 | +€80,421 | +43.9% |
| Stocks and contracts in progress | 3 | €14,554 | €14,554 | = | 0.0% |
| Stocks | 30/36 | €14,554 | €14,554 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,418 | €56,515 | +€22,097 | +64.2% |
| Trade receivables | 40 | €26,418 | €26,979 | +€561 | +2.1% |
| Other amounts receivable | 41 | €8,000 | €29,536 | +€21,536 | +269.2% |
| Cash at bank and in hand | 54/58 | €133,200 | €191,433 | +€58,234 | +43.7% |
| Deferred charges and accrued income | 490/1 | €904 | €995 | +€91 | +10.1% |
| Total equity and liabilities | 10/49 | €358,780 | €434,095 | +€75,315 | +21.0% |
| Equity | 10/15 | €117,000 | €227,554 | +€110,554 | +94.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €104,600 | €215,154 | +€110,554 | +105.7% |
| Distributable reserves | 133 | €104,600 | €215,154 | +€110,554 | +105.7% |
| Amounts payable | 17/49 | €241,780 | €206,541 | -€35,239 | -14.6% |
| Amounts payable after more than one year | 17 | €179,778 | €145,239 | -€34,539 | -19.2% |
| Financial debts | 170/4 | €179,778 | €145,239 | -€34,539 | -19.2% |
| Amounts payable within one year | 42/48 | €60,353 | €60,964 | +€611 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €33,844 | €36,779 | +€2,935 | +8.7% |
| Trade debts | 44 | €2,232 | €9,041 | +€6,809 | +305.1% |
| Suppliers | 440/4 | €2,232 | €9,041 | +€6,809 | +305.1% |
| Taxes, remuneration and social security | 45 | €23,778 | €15,144 | -€8,633 | -36.3% |
| Taxes | 450/3 | €23,778 | €15,144 | -€8,633 | -36.3% |
| Other amounts payable | 47/48 | €500 | - | -€500 | |
| Accrued charges and deferred income | 492/3 | €1,649 | €338 | -€1,311 | -79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,563 | €8,007 | +€444 | +5.9% |
| Other operating charges | 640/8 | €2,689 | €5,892 | +€3,203 | +119.1% |
| Gross operating margin | 9900 | €208,169 | €197,197 | -€10,972 | -5.3% |
| Operating profit (loss) | 9901 | €197,917 | €183,298 | -€14,619 | -7.4% |
| Financial income | 75/76B | €776 | €4,049 | +€3,272 | +421.6% |
| Recurring financial income | 75 | €776 | €3,379 | +€2,603 | +335.3% |
| Non-recurring financial income | 76B | - | €669 | +€669 | |
| Financial charges | 65/66B | €9,778 | €21,782 | +€12,005 | +122.8% |
| Recurring financial charges | 65 | €9,778 | €13,782 | +€4,005 | +41.0% |
| Non-recurring financial charges | 66B | - | €8,000 | +€8,000 | |
| Profit (loss) for the period before taxes | 9903 | €188,915 | €165,564 | -€23,351 | -12.4% |
| Income taxes | 67/77 | €7,729 | €55,010 | +€47,281 | +611.7% |
| Profit (loss) for the period | 9904 | €181,186 | €110,554 | -€70,632 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €181,186 | €110,554 | -€70,632 | -39.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.