ALFA-CONSULTANT: 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-CONSULTANT
Largest movements
- Cash -€154,138
down €154,138 (-43.2%), from €357,038 to €202,900
mainly Investment in fixed assets (net) (-€112,154) and Net result for the year (-€28,687)
- Tangible fixed assets +€82,181
up €82,181 (+85.7%), from €95,882 to €178,063
of which Other tangible fixed assets: +€87,924
- Receivables within one year +€26,090
up €26,090 (+361%), from €7,230 to €33,320
of which Trade receivables: +€26,476
- Reserves -€24,401
down €24,401 (-26.1%), from €93,442 to €69,041
of which Tax-exempt reserves: -€13,313
- Profit (loss) carried forward -€15,374
down €15,374 (-34.2%), from €44,929 to €29,555
- Trade debts -€11,983
down €11,983 (-74.5%), from €16,076 to €4,093
- Current portion of long-term debt +€10,338
up €10,338 (+92.7%), from €11,149 to €21,486
- Gross operating margin +€7,258
up €7,258 (+40.4%), from €17,974 to €25,231
- Financial charges +€6,862
up €6,862 (+307%), from €2,236 to €9,099
- Depreciation +€5,536
up €5,536 (+22.7%), from €24,437 to €29,972
- Taxes +€4,448
up €4,448 (+713%), from €624 to €5,072
- Financial income -€1,819
down €1,819 (-9.3%), from €19,663 to €17,844
of which Non-recurring financial income: -€13,218
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 | €460,150 | €414,283 | -€45,867 | -10.0% |
| Fixed assets | 21/28 | €95,882 | €178,063 | +€82,181 | +85.7% |
| Tangible fixed assets | 22/27 | €95,882 | €178,063 | +€82,181 | +85.7% |
| Plant, machinery and equipment | 23 | €412 | €275 | -€137 | -33.3% |
| Furniture and vehicles | 24 | €84,374 | €78,768 | -€5,606 | -6.6% |
| Other tangible fixed assets | 26 | €11,096 | €99,020 | +€87,924 | +792% |
| Current assets | 29/58 | €364,268 | €236,220 | -€128,048 | -35.2% |
| Amounts receivable within one year | 40/41 | €7,230 | €33,320 | +€26,090 | +361% |
| Trade receivables | 40 | €2,582 | €29,057 | +€26,476 | +1,026% |
| Other amounts receivable | 41 | €4,649 | €4,263 | -€386 | -8.3% |
| Cash at bank and in hand | 54/58 | €357,038 | €202,900 | -€154,138 | -43.2% |
| Total equity and liabilities | 10/49 | €460,150 | €414,283 | -€45,867 | -10.0% |
| Equity | 10/15 | €163,161 | €123,386 | -€39,775 | -24.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €93,442 | €69,041 | -€24,401 | -26.1% |
| Non-distributable reserves | 130/1 | €13,567 | €2,479 | -€11,088 | -81.7% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Financial assistance | 1313 | €11,088 | - | -€11,088 | |
| Tax-exempt reserves | 132 | €79,875 | €66,563 | -€13,313 | -16.7% |
| Profit (loss) carried forward | 14 | €44,929 | €29,555 | -€15,374 | -34.2% |
| Provisions and deferred taxes | 16 | €26,625 | €22,188 | -€4,438 | -16.7% |
| Deferred taxes | 168 | €26,625 | €22,188 | -€4,438 | -16.7% |
| Amounts payable | 17/49 | €270,364 | €268,710 | -€1,654 | -0.6% |
| Amounts payable after more than one year | 17 | €242,515 | €240,929 | -€1,586 | -0.7% |
| Financial debts | 170/4 | €242,515 | €240,929 | -€1,586 | -0.7% |
| Amounts payable within one year | 42/48 | €27,849 | €27,780 | -€68 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €11,149 | €21,486 | +€10,338 | +92.7% |
| Trade debts | 44 | €16,076 | €4,093 | -€11,983 | -74.5% |
| Suppliers | 440/4 | €16,076 | €4,093 | -€11,983 | -74.5% |
| Taxes, remuneration and social security | 45 | €624 | €2,201 | +€1,577 | +253% |
| Taxes | 450/3 | €624 | €2,201 | +€1,577 | +253% |
| Remuneration, social security and pensions | 62 | €31,158 | €31,458 | +€300 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,437 | €29,972 | +€5,536 | +22.7% |
| Other operating charges | 640/8 | €1,127 | €599 | -€528 | -46.8% |
| Gross operating margin | 9900 | €17,974 | €25,231 | +€7,258 | +40.4% |
| Operating profit (loss) | 9901 | -€38,747 | -€36,798 | +€1,949 | +5.0% |
| Financial income | 75/76B | €19,663 | €17,844 | -€1,819 | -9.3% |
| Recurring financial income | 75 | €6,445 | €17,844 | +€11,399 | +177% |
| Non-recurring financial income | 76B | €13,218 | - | -€13,218 | |
| Financial charges | 65/66B | €2,236 | €9,099 | +€6,862 | +307% |
| Recurring financial charges | 65 | €2,236 | €9,099 | +€6,862 | +307% |
| Profit (loss) for the period before taxes | 9903 | -€21,320 | -€28,052 | -€6,732 | -31.6% |
| Transfer from deferred taxes | 780 | €4,438 | €4,438 | = | 0.0% |
| Income taxes | 67/77 | €624 | €5,072 | +€4,448 | +713% |
| Profit (loss) for the period | 9904 | -€17,507 | -€28,687 | -€11,180 | -63.9% |
| Transfer from tax-exempt reserves | 789 | €13,313 | €13,313 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,194 | -€15,374 | -€11,180 | -267% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.