ALFA BIS: 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.
What changed
ALFA BIS
NACE 46.494, Wholesale of non-electrical household articles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,385
2024 · €219,949-€193,564
Equity
€1.6m
2024 · €1.6m+€26,385
Cash
€50,409
2024 · €48,826+€1,583
Balance sheet total
€5.7m
2024 · €6.0m-€317,667
Largest movements
Assets
- Stocks and contracts -€154,820
down €154,820 (-27.2%), from €569,174 to €414,354
- Tangible fixed assets -€154,561
down €154,561 (-3.5%), from €4.5m to €4.3m
of which Land and buildings: -€155,899
Equity and liabilities
- Debts after one year -€290,136
down €290,136 (-12.3%), from €2.4m to €2.1m
- Other debts -€63,055
down €63,055 (-4.0%), from €1.6m to €1.5m
Income statement
- Gross operating margin -€202,214
down €202,214 (-36.6%), from €552,492 to €350,278
- Taxes -€80,370
down €80,370 (-88.5%), from €90,830 to €10,460
- Write-downs +€41,720
up €41,720, from -€39,554 to €2,167
- Staff costs +€9,226
up €9,226 (+17.2%), from €53,743 to €62,969
- Financial charges +€8,044
up €8,044 (+14.3%), from €56,393 to €64,437
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.
Result 2024
€219,949
Gross operating margin
-€202,214
Staff costs
-€9,226
Depreciation
+€7,234
Write-downs
-€41,720
Other operating charges
+€2,882
Other operating items
-€26,600
Financial income
+€3,755
Financial charges
-€8,044
Taxes
+€80,370
Result 2025
€26,385
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€291,222
Investment
-€2,795
Financing
-€286,844
Cash 2024
€48,826
From operations (derived)
+€291,222
Net result for the year
+€26,385
Depreciation
+€158,791
Stocks and contracts
+€154,820
Receivables within one year
+€1,954
Deferred charges and accrued income
+€6,481
Trade debts
-€99
Tax, wage and social debts
+€2,796
Other debts
-€63,055
Accrued charges and deferred income
+€3,151
Investment (derived)
-€2,795
Investment in fixed assets (net)
-€2,795
Financing
-€286,844
Debts after one year
-€290,136
Current portion of long-term debt
+€3,292
Cash 2025
€50,409
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,011,911 | €5,694,244 | -€317,667 | -5.3% |
| Fixed assets | 21/28 | €5,295,711 | €5,139,716 | -€155,996 | -2.9% |
| Intangible fixed assets | 21 | €1,666 | €231 | -€1,435 | -86.1% |
| Tangible fixed assets | 22/27 | €4,451,989 | €4,297,428 | -€154,561 | -3.5% |
| Land and buildings | 22 | €4,451,989 | €4,296,090 | -€155,899 | -3.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €1,338 | +€1,338 | |
| Financial fixed assets | 28 | €842,056 | €842,056 | = | 0.0% |
| Current assets | 29/58 | €716,199 | €554,528 | -€161,671 | -22.6% |
| Stocks and contracts in progress | 3 | €569,174 | €414,354 | -€154,820 | -27.2% |
| Stocks | 30/36 | €569,174 | €414,354 | -€154,820 | -27.2% |
| Amounts receivable within one year | 40/41 | €86,857 | €84,904 | -€1,954 | -2.2% |
| Trade receivables | 40 | €61,097 | €82,792 | +€21,695 | +35.5% |
| Other amounts receivable | 41 | €25,760 | €2,112 | -€23,648 | -91.8% |
| Cash at bank and in hand | 54/58 | €48,826 | €50,409 | +€1,583 | +3.2% |
| Deferred charges and accrued income | 490/1 | €11,343 | €4,862 | -€6,481 | -57.1% |
| Total equity and liabilities | 10/49 | €6,011,911 | €5,694,244 | -€317,667 | -5.3% |
| Equity | 10/15 | €1,582,563 | €1,608,948 | +€26,385 | +1.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €1,575,563 | €1,601,948 | +€26,385 | +1.7% |
| Tax-exempt reserves | 132 | €231,550 | €231,550 | = | 0.0% |
| Distributable reserves | 133 | €1,344,013 | €1,370,398 | +€26,385 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,429,348 | €4,085,296 | -€344,052 | -7.8% |
| Amounts payable after more than one year | 17 | €2,364,180 | €2,074,044 | -€290,136 | -12.3% |
| Financial debts | 170/4 | €2,364,180 | €2,074,044 | -€290,136 | -12.3% |
| Amounts payable within one year | 42/48 | €2,056,156 | €1,999,089 | -€57,067 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €286,844 | €290,136 | +€3,292 | +1.1% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €72,007 | €71,908 | -€99 | -0.1% |
| Suppliers | 440/4 | €72,007 | €71,908 | -€99 | -0.1% |
| Taxes, remuneration and social security | 45 | €31,719 | €34,514 | +€2,796 | +8.8% |
| Taxes | 450/3 | €27,264 | €34,514 | +€7,250 | +26.6% |
| Remuneration and social security | 454/9 | €4,455 | €0 | -€4,455 | -100% |
| Other amounts payable | 47/48 | €1,565,586 | €1,502,531 | -€63,055 | -4.0% |
| Accrued charges and deferred income | 492/3 | €9,011 | €12,163 | +€3,151 | +35.0% |
| Non-recurring operating income | 76A | - | €42,354 | +€42,354 | |
| Remuneration, social security and pensions | 62 | €53,743 | €62,969 | +€9,226 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,025 | €158,791 | -€7,234 | -4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€39,554 | €2,167 | +€41,720 | |
| Other operating charges | 640/8 | €8,752 | €5,870 | -€2,882 | -32.9% |
| Non-recurring operating charges | 66A | - | €26,600 | +€26,600 | |
| Gross operating margin | 9900 | €552,492 | €350,278 | -€202,214 | -36.6% |
| Operating profit (loss) | 9901 | €363,526 | €93,881 | -€269,645 | -74.2% |
| Financial income | 75/76B | €3,645 | €7,400 | +€3,755 | +103% |
| Recurring financial income | 75 | €3,645 | €7,400 | +€3,755 | +103% |
| Financial charges | 65/66B | €56,393 | €64,437 | +€8,044 | +14.3% |
| Recurring financial charges | 65 | €56,393 | €64,437 | +€8,044 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €310,779 | €36,845 | -€273,934 | -88.1% |
| Income taxes | 67/77 | €90,830 | €10,460 | -€80,370 | -88.5% |
| Profit (loss) for the period | 9904 | €219,949 | €26,385 | -€193,564 | -88.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €219,949 | €26,385 | -€193,564 | -88.0% |
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 21 October 2026 via checked.be.