ALFA ACCOUNTING: 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.
ALFA ACCOUNTING
Largest movements
- Current investments +€27,236
up €27,236 (+10.8%), from €252,764 to €280,000
- Cash +€24,512
up €24,512 (+28.8%), from €85,129 to €109,641
mainly Net result for the year (+€47,166) and Depreciation (+€14,897)
- Tangible fixed assets -€8,893
down €8,893 (-45.2%), from €19,673 to €10,780
of which Furniture and vehicles: -€12,589
- Reserves +€24,447
up €24,447 (+7.3%), from €333,955 to €358,402
- Tax, wage and social debts +€8,301
up €8,301 (+73.2%), from €11,339 to €19,641
- Other debts +€7,905
up €7,905 (+36.0%), from €21,933 to €29,838
- Gross operating margin +€11,698
up €11,698 (+19.0%), from €61,484 to €73,182
- Depreciation -€11,208
down €11,208 (-42.9%), from €26,105 to €14,897
- Taxes +€6,889
up €6,889 (+56.8%), from €12,119 to €19,008
- Financial charges -€4,874
down €4,874 (-83.7%), from €5,820 to €946
- Financial income -€2,840
down €2,840 (-23.1%), from €12,270 to €9,430
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,002 | €424,081 | +€43,079 | +11.3% |
| Fixed assets | 21/28 | €19,673 | €10,780 | -€8,893 | -45.2% |
| Tangible fixed assets | 22/27 | €19,673 | €10,780 | -€8,893 | -45.2% |
| Plant, machinery and equipment | 23 | €1,315 | €870 | -€445 | -33.8% |
| Furniture and vehicles | 24 | €15,871 | €3,283 | -€12,589 | -79.3% |
| Other tangible fixed assets | 26 | €2,487 | €6,627 | +€4,140 | +166% |
| Current assets | 29/58 | €361,328 | €413,301 | +€51,973 | +14.4% |
| Amounts receivable within one year | 40/41 | €23,200 | €23,480 | +€280 | +1.2% |
| Trade receivables | 40 | - | €5,480 | +€5,480 | |
| Other amounts receivable | 41 | €23,200 | €18,000 | -€5,200 | -22.4% |
| Current investments | 50/53 | €252,764 | €280,000 | +€27,236 | +10.8% |
| Cash at bank and in hand | 54/58 | €85,129 | €109,641 | +€24,512 | +28.8% |
| Deferred charges and accrued income | 490/1 | €235 | €180 | -€56 | -23.7% |
| Total equity and liabilities | 10/49 | €381,002 | €424,081 | +€43,079 | +11.3% |
| Equity | 10/15 | €346,355 | €370,802 | +€24,447 | +7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €333,955 | €358,402 | +€24,447 | +7.3% |
| Distributable reserves | 133 | €333,955 | €358,402 | +€24,447 | +7.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,647 | €53,279 | +€18,632 | +53.8% |
| Amounts payable within one year | 42/48 | €34,647 | €53,279 | +€18,632 | +53.8% |
| Trade debts | 44 | €1,375 | €3,800 | +€2,425 | +176% |
| Suppliers | 440/4 | €1,375 | €3,800 | +€2,425 | +176% |
| Taxes, remuneration and social security | 45 | €11,339 | €19,641 | +€8,301 | +73.2% |
| Taxes | 450/3 | €11,339 | €19,641 | +€8,301 | +73.2% |
| Other amounts payable | 47/48 | €21,933 | €29,838 | +€7,905 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,105 | €14,897 | -€11,208 | -42.9% |
| Other operating charges | 640/8 | €585 | €595 | +€10 | +1.7% |
| Gross operating margin | 9900 | €61,484 | €73,182 | +€11,698 | +19.0% |
| Operating profit (loss) | 9901 | €34,794 | €57,690 | +€22,895 | +65.8% |
| Financial income | 75/76B | €12,270 | €9,430 | -€2,840 | -23.1% |
| Recurring financial income | 75 | €12,270 | €9,430 | -€2,840 | -23.1% |
| Financial charges | 65/66B | €5,820 | €946 | -€4,874 | -83.7% |
| Recurring financial charges | 65 | €5,820 | €946 | -€4,874 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | €41,244 | €66,174 | +€24,930 | +60.4% |
| Income taxes | 67/77 | €12,119 | €19,008 | +€6,889 | +56.8% |
| Profit (loss) for the period | 9904 | €29,126 | €47,166 | +€18,040 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,126 | €47,166 | +€18,040 | +61.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.