ALFA BELGIUM: what changed
What changed
ALFA BELGIUM
NACE 47.559, Retail sale of other household articles
filed annual accounts (NBB)
Net result for the year
-€10,312
2024 · -€8,452-€1,860
Equity
€1.1m
2024 · €1.1m-€10,312
Cash
€170,588
2024 · €141,338+€29,250
Balance sheet total
€1.6m
2024 · €1.6m-€11,742
Largest movements
Assets
- Tangible fixed assets -€52,074
down €52,074 (-28.5%), from €182,853 to €130,779
of which Furniture and vehicles: -€41,504
- Stocks and contracts +€40,477
up €40,477 (+7.3%), from €554,553 to €595,029
- Cash +€29,250
up €29,250 (+20.7%), from €141,338 to €170,588
mainly Depreciation (+€54,774) and Deferred charges and accrued income (+€17,133)
- Deferred charges and accrued income -€17,133
down €17,133 (-81.9%), from €20,910 to €3,777
Equity and liabilities
- Debts after one year -€37,734
down €37,734 (-55.9%), from €67,468 to €29,734
- Trade debts +€16,258
up €16,258 (+9.9%), from €164,216 to €180,475
Income statement
- Gross operating margin +€182,176
up €182,176 (+46.6%), from €390,538 to €572,714
- Write-downs +€132,892
up €132,892, from -€16,242 to €116,650
- Staff costs +€71,537
up €71,537 (+20.6%), from €347,201 to €418,738
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€8,452
Gross operating margin
+€182,176
Staff costs
-€71,537
Depreciation
+€1,336
Write-downs
-€132,892
Other operating charges
-€83
Other operating items
+€17,500
Financial income
+€3,338
Financial charges
-€1,697
Taxes
-€2
Result 2025
-€10,312
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€71,401
Investment
-€2,700
Financing
-€39,451
Cash 2024
€141,338
From operations (derived)
+€71,401
Net result for the year
-€10,312
Depreciation
+€54,774
Stocks and contracts
-€40,477
Receivables within one year
+€12,261
Deferred charges and accrued income
+€17,133
Trade debts
+€16,258
Tax, wage and social debts
+€15,251
Accrued charges and deferred income
+€6,512
Investment (derived)
-€2,700
Investment in fixed assets (net)
-€2,700
Financing
-€39,451
Debts after one year
-€37,734
Current portion of long-term debt
-€1,716
Cash 2025
€170,588
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,580,343 | €1,568,601 | -€11,742 | -0.7% |
| Fixed assets | 21/28 | €183,074 | €131,000 | -€52,074 | -28.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €182,853 | €130,779 | -€52,074 | -28.5% |
| Land and buildings | 22 | €60,384 | €52,334 | -€8,050 | -13.3% |
| Plant, machinery and equipment | 23 | €7,107 | €4,588 | -€2,520 | -35.5% |
| Furniture and vehicles | 24 | €115,361 | €73,857 | -€41,504 | -36.0% |
| Financial fixed assets | 28 | €221 | €221 | = | 0.0% |
| Current assets | 29/58 | €1,397,270 | €1,437,602 | +€40,332 | +2.9% |
| Stocks and contracts in progress | 3 | €554,553 | €595,029 | +€40,477 | +7.3% |
| Stocks | 30/36 | €554,553 | €595,029 | +€40,477 | +7.3% |
| Amounts receivable within one year | 40/41 | €680,469 | €668,208 | -€12,261 | -1.8% |
| Trade receivables | 40 | €180,845 | €158,181 | -€22,664 | -12.5% |
| Other amounts receivable | 41 | €499,624 | €510,027 | +€10,403 | +2.1% |
| Cash at bank and in hand | 54/58 | €141,338 | €170,588 | +€29,250 | +20.7% |
| Deferred charges and accrued income | 490/1 | €20,910 | €3,777 | -€17,133 | -81.9% |
| Total equity and liabilities | 10/49 | €1,580,343 | €1,568,601 | -€11,742 | -0.7% |
| Equity | 10/15 | €1,077,127 | €1,066,815 | -€10,312 | -1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,008,927 | €998,615 | -€10,312 | -1.0% |
| Amounts payable | 17/49 | €503,216 | €501,786 | -€1,430 | -0.3% |
| Amounts payable after more than one year | 17 | €67,468 | €29,734 | -€37,734 | -55.9% |
| Financial debts | 170/4 | €67,468 | €29,734 | -€37,734 | -55.9% |
| Amounts payable within one year | 42/48 | €435,663 | €465,456 | +€29,793 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €39,451 | €37,734 | -€1,716 | -4.4% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €164,216 | €180,475 | +€16,258 | +9.9% |
| Suppliers | 440/4 | €164,216 | €180,475 | +€16,258 | +9.9% |
| Taxes, remuneration and social security | 45 | €81,996 | €97,247 | +€15,251 | +18.6% |
| Taxes | 450/3 | €43,547 | €49,668 | +€6,121 | +14.1% |
| Remuneration and social security | 454/9 | €38,449 | €47,579 | +€9,130 | +23.7% |
| Accrued charges and deferred income | 492/3 | €85 | €6,597 | +€6,512 | +7,661% |
| Non-recurring operating income | 76A | €0 | €116 | +€116 | |
| Remuneration, social security and pensions | 62 | €347,201 | €418,738 | +€71,537 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,110 | €54,774 | -€1,336 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,242 | €116,650 | +€132,892 | |
| Other operating charges | 640/8 | €8,864 | €8,947 | +€83 | +0.9% |
| Non-recurring operating charges | 66A | €17,500 | €0 | -€17,500 | -100% |
| Gross operating margin | 9900 | €390,538 | €572,714 | +€182,176 | +46.6% |
| Operating profit (loss) | 9901 | -€22,895 | -€26,394 | -€3,500 | -15.3% |
| Financial income | 75/76B | €32,467 | €35,805 | +€3,338 | +10.3% |
| Recurring financial income | 75 | €32,467 | €35,805 | +€3,338 | +10.3% |
| Financial charges | 65/66B | €7,406 | €9,102 | +€1,697 | +22.9% |
| Recurring financial charges | 65 | €7,406 | €9,102 | +€1,697 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €2,167 | €309 | -€1,858 | -85.8% |
| Income taxes | 67/77 | €10,619 | €10,621 | +€2 | 0.0% |
| Profit (loss) for the period | 9904 | -€8,452 | -€10,312 | -€1,860 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,452 | -€10,312 | -€1,860 | -22.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.