ALFA CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€510
down €510 (-1.8%), from €28,311 to €27,801
of which Land and buildings: -€298
- Short-term financial debts +€3,972
up €3,972 (+253.1%), from €1,570 to €5,542
- Debts after one year -€3,136
down €3,136 (-37.4%), from €8,380 to €5,245
- Profit (loss) carried forward -€1,523
down €1,523 (-75.9%), from -€2,005 to -€3,528
- Tax, wage and social debts -€1,292
no longer reported in 2025 (was €1,292)
- Other debts +€986
up €986 (+65.8%), from €1,500 to €2,486
- Purchases and services -€9,614
down €9,614 (-44.1%), from €21,819 to €12,205
- Gross operating margin +€8,338
up €8,338, from -€6,308 to €2,029
- Other operating charges +€1,373
up €1,373 (+256.1%), from €536 to €1,909
- Financial charges -€575
down €575 (-33.7%), from €1,708 to €1,133
- Depreciation -€161
down €161 (-24.0%), from €671 to €510
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,305 | €31,861 | -€444 | -1.4% |
| Fixed assets | 21/28 | €28,311 | €27,801 | -€510 | -1.8% |
| Tangible fixed assets | 22/27 | €28,311 | €27,801 | -€510 | -1.8% |
| Land and buildings | 22 | €28,098 | €27,801 | -€298 | -1.1% |
| Furniture and vehicles | 24 | €212 | - | -€212 | |
| Current assets | 29/58 | €3,994 | €4,060 | +€66 | +1.7% |
| Amounts receivable within one year | 40/41 | €3,823 | €4,007 | +€184 | +4.8% |
| Trade receivables | 40 | €2,827 | €4,007 | +€1,180 | +41.7% |
| Other amounts receivable | 41 | €996 | - | -€996 | |
| Deferred charges and accrued income | 490/1 | €171 | €53 | -€118 | -69.1% |
| Total equity and liabilities | 10/49 | €32,305 | €31,861 | -€444 | -1.4% |
| Equity | 10/15 | €14,055 | €12,532 | -€1,523 | -10.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,860 | €9,860 | = | 0.0% |
| Distributable reserves | 133 | €9,860 | €9,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,005 | -€3,528 | -€1,523 | -75.9% |
| Amounts payable | 17/49 | €18,250 | €19,329 | +€1,079 | +5.9% |
| Amounts payable after more than one year | 17 | €8,380 | €5,245 | -€3,136 | -37.4% |
| Financial debts | 170/4 | €8,380 | €5,245 | -€3,136 | -37.4% |
| Amounts payable within one year | 42/48 | €9,819 | €14,085 | +€4,266 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €3,005 | €3,136 | +€130 | +4.3% |
| Financial debts | 43 | €1,570 | €5,542 | +€3,972 | +253.1% |
| Credit institutions | 430/8 | €1,570 | €5,542 | +€3,972 | +253.1% |
| Trade debts | 44 | €2,091 | €2,521 | +€429 | +20.5% |
| Suppliers | 440/4 | €2,091 | €2,521 | +€429 | +20.5% |
| Advances received on contracts in progress | 46 | €361 | €400 | +€39 | +10.7% |
| Taxes, remuneration and social security | 45 | €1,292 | - | -€1,292 | |
| Taxes | 450/3 | €1,292 | - | -€1,292 | |
| Other amounts payable | 47/48 | €1,500 | €2,486 | +€986 | +65.8% |
| Accrued charges and deferred income | 492/3 | €51 | €0 | -€51 | -100.0% |
| Turnover | 70 | €124 | - | -€124 | |
| Non-recurring operating income | 76A | €15,387 | - | -€15,387 | |
| Goods, raw materials, services and sundry goods | 60/61 | €21,819 | €12,205 | -€9,614 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €671 | €510 | -€161 | -24.0% |
| Other operating charges | 640/8 | €536 | €1,909 | +€1,373 | +256.1% |
| Gross operating margin | 9900 | -€6,308 | €2,029 | +€8,338 | |
| Operating profit (loss) | 9901 | -€7,515 | -€390 | +€7,126 | +94.8% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Non-recurring financial income | 76B | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,708 | €1,133 | -€575 | -33.7% |
| Recurring financial charges | 65 | €1,708 | €1,133 | -€575 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,222 | -€1,523 | +€7,699 | +83.5% |
| Income taxes | 67/77 | €19 | - | -€19 | |
| Profit (loss) for the period | 9904 | -€9,241 | -€1,523 | +€7,719 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,241 | -€1,523 | +€7,719 | +83.5% |
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 10 October 2026 via checked.be.