ALFA-BRI: 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-BRI
Largest movements
- Tangible fixed assets -€101,080
down €101,080 (-4.8%), from €2.1m to €2.0m
of which Land and buildings: -€84,415
- Cash +€49,425
up €49,425 (+186%), from €26,565 to €75,989
mainly Depreciation (+€101,080) and Net result for the year (+€63,699)
- Debts after one year -€92,400
down €92,400 (-46.0%), from €200,800 to €108,400
- Reserves +€63,699
up €63,699 (+3.9%), from €1.6m to €1.7m
of which Distributable reserves: +€74,185
- Gross operating margin +€35,029
up €35,029 (+14.5%), from €241,917 to €276,946
- Taxes +€20,449
up €20,449 (+62.5%), from €32,713 to €53,161
- Staff costs +€19,861
up €19,861 (+78.8%), from €25,221 to €45,082
- Other operating charges +€10,004
up €10,004 (+158%), from €6,331 to €16,335
- Depreciation -€5,247
down €5,247 (-4.9%), from €106,327 to €101,080
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 | €2,258,965 | €2,209,013 | -€49,952 | -2.2% |
| Fixed assets | 21/28 | €2,101,937 | €2,000,856 | -€101,080 | -4.8% |
| Tangible fixed assets | 22/27 | €2,098,441 | €1,997,361 | -€101,080 | -4.8% |
| Land and buildings | 22 | €2,001,726 | €1,917,312 | -€84,415 | -4.2% |
| Plant, machinery and equipment | 23 | €96,715 | €80,049 | -€16,666 | -17.2% |
| Financial fixed assets | 28 | €3,496 | €3,496 | = | 0.0% |
| Current assets | 29/58 | €157,028 | €208,157 | +€51,128 | +32.6% |
| Stocks and contracts in progress | 3 | €121,357 | €121,527 | +€170 | +0.1% |
| Stocks | 30/36 | €121,357 | €121,527 | +€170 | +0.1% |
| Amounts receivable within one year | 40/41 | €9,107 | €10,640 | +€1,534 | +16.8% |
| Trade receivables | 40 | €100 | €6,060 | +€5,960 | +5,960% |
| Other amounts receivable | 41 | €9,007 | €4,580 | -€4,426 | -49.1% |
| Cash at bank and in hand | 54/58 | €26,565 | €75,989 | +€49,425 | +186% |
| Total equity and liabilities | 10/49 | €2,258,965 | €2,209,013 | -€49,952 | -2.2% |
| Equity | 10/15 | €1,831,653 | €1,895,353 | +€63,699 | +3.5% |
| Contributions | 10/11 | €209,431 | €209,431 | = | 0.0% |
| Reserves | 13 | €1,622,222 | €1,685,921 | +€63,699 | +3.9% |
| Tax-exempt reserves | 132 | €202,771 | €192,286 | -€10,485 | -5.2% |
| Distributable reserves | 133 | €1,419,451 | €1,493,636 | +€74,185 | +5.2% |
| Provisions and deferred taxes | 16 | €62,816 | €59,321 | -€3,495 | -5.6% |
| Deferred taxes | 168 | €62,816 | €59,321 | -€3,495 | -5.6% |
| Amounts payable | 17/49 | €364,496 | €254,339 | -€110,157 | -30.2% |
| Amounts payable after more than one year | 17 | €200,800 | €108,400 | -€92,400 | -46.0% |
| Financial debts | 170/4 | €200,800 | €108,400 | -€92,400 | -46.0% |
| Amounts payable within one year | 42/48 | €163,696 | €145,939 | -€17,757 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €92,400 | €92,400 | = | 0.0% |
| Trade debts | 44 | €17,439 | €3,231 | -€14,208 | -81.5% |
| Suppliers | 440/4 | €17,439 | €3,231 | -€14,208 | -81.5% |
| Taxes, remuneration and social security | 45 | €43,417 | €41,676 | -€1,741 | -4.0% |
| Taxes | 450/3 | €36,744 | €34,795 | -€1,949 | -5.3% |
| Remuneration and social security | 454/9 | €6,673 | €6,881 | +€208 | +3.1% |
| Other amounts payable | 47/48 | €10,440 | €8,632 | -€1,807 | -17.3% |
| Remuneration, social security and pensions | 62 | €25,221 | €45,082 | +€19,861 | +78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,327 | €101,080 | -€5,247 | -4.9% |
| Other operating charges | 640/8 | €6,331 | €16,335 | +€10,004 | +158% |
| Gross operating margin | 9900 | €241,917 | €276,946 | +€35,029 | +14.5% |
| Operating profit (loss) | 9901 | €104,038 | €114,449 | +€10,410 | +10.0% |
| Financial income | 75/76B | €87 | €45 | -€42 | -48.8% |
| Recurring financial income | 75 | €87 | €45 | -€42 | -48.8% |
| Financial charges | 65/66B | €1,141 | €1,128 | -€14 | -1.2% |
| Recurring financial charges | 65 | €1,141 | €1,128 | -€14 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €102,984 | €113,366 | +€10,382 | +10.1% |
| Transfer from deferred taxes | 780 | €3,495 | €3,495 | = | 0.0% |
| Income taxes | 67/77 | €32,713 | €53,161 | +€20,449 | +62.5% |
| Profit (loss) for the period | 9904 | €73,766 | €63,699 | -€10,067 | -13.6% |
| Transfer from tax-exempt reserves | 789 | €10,485 | €10,485 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,252 | €74,185 | -€10,067 | -11.9% |
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.