ALFA DEV: what changed
ALFA DEV
Largest movements
- Stocks and contracts +€106,667
new in 2025: €106,667
- Cash -€46,041
down €46,041 (-62.7%), from €73,395 to €27,354
mainly Stocks and contracts (-€106,667) and Receivables within one year (-€23,296)
- Receivables within one year +€23,296
up €23,296 (+960%), from €2,427 to €25,723
of which Trade receivables: +€21,459
- Profit (loss) carried forward +€94,072
up €94,072 (+169%), from €55,553 to €149,625
- Tax, wage and social debts -€8,224
down €8,224 (-78.2%), from €10,521 to €2,296
of which Taxes: -€8,264
- Other debts -€5,639
no longer reported in 2025 (was €5,639)
- Trade debts +€4,655
up €4,655 (+4,249%), from €110 to €4,764
- Turnover -€108,950
no longer reported in 2025 (was €108,950)
- Purchases and services -€63,120
no longer reported in 2025 (was €63,120)
- Gross operating margin +€58,526
up €58,526 (+128%), from €45,830 to €104,356
- Taxes +€6,109
up €6,109 (+198%), from €3,079 to €9,189
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,822 | €160,686 | +€84,864 | +112% |
| Fixed assets | 21/28 | - | €942 | +€942 | |
| Tangible fixed assets | 22/27 | - | €942 | +€942 | |
| Furniture and vehicles | 24 | - | €942 | +€942 | |
| Current assets | 29/58 | €75,822 | €159,744 | +€83,922 | +111% |
| Stocks and contracts in progress | 3 | - | €106,667 | +€106,667 | |
| Stocks | 30/36 | - | €106,667 | +€106,667 | |
| Amounts receivable within one year | 40/41 | €2,427 | €25,723 | +€23,296 | +960% |
| Trade receivables | 40 | - | €21,459 | +€21,459 | |
| Other amounts receivable | 41 | €2,427 | €4,264 | +€1,837 | +75.7% |
| Cash at bank and in hand | 54/58 | €73,395 | €27,354 | -€46,041 | -62.7% |
| Total equity and liabilities | 10/49 | €75,822 | €160,686 | +€84,864 | +112% |
| Equity | 10/15 | €59,553 | €153,625 | +€94,072 | +158% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,553 | €149,625 | +€94,072 | +169% |
| Amounts payable | 17/49 | €16,269 | €7,061 | -€9,208 | -56.6% |
| Amounts payable within one year | 42/48 | €16,269 | €7,061 | -€9,208 | -56.6% |
| Trade debts | 44 | €110 | €4,764 | +€4,655 | +4,249% |
| Suppliers | 440/4 | €110 | €4,764 | +€4,655 | +4,249% |
| Taxes, remuneration and social security | 45 | €10,521 | €2,296 | -€8,224 | -78.2% |
| Taxes | 450/3 | €10,521 | €2,257 | -€8,264 | -78.5% |
| Remuneration and social security | 454/9 | - | €39 | +€39 | |
| Other amounts payable | 47/48 | €5,639 | - | -€5,639 | |
| Turnover | 70 | €108,950 | - | -€108,950 | |
| Goods, raw materials, services and sundry goods | 60/61 | €63,120 | - | -€63,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €255 | +€255 | |
| Other operating charges | 640/8 | €1,222 | €586 | -€637 | -52.1% |
| Gross operating margin | 9900 | €45,830 | €104,356 | +€58,526 | +128% |
| Operating profit (loss) | 9901 | €44,607 | €103,515 | +€58,908 | +132% |
| Financial charges | 65/66B | €100 | €255 | +€154 | +154% |
| Recurring financial charges | 65 | €100 | €255 | +€154 | +154% |
| Profit (loss) for the period before taxes | 9903 | €44,507 | €103,261 | +€58,754 | +132% |
| Income taxes | 67/77 | €3,079 | €9,189 | +€6,109 | +198% |
| Profit (loss) for the period | 9904 | €41,428 | €94,072 | +€52,645 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €41,428 | €94,072 | +€52,645 | +127% |
Next steps
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 4 November 2026 via checked.be.