ALFA.DIS: 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.DIS
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€159,998
2024 · €161,645-€1,646
Equity
€318,602
2024 · €408,604-€90,002
Cash
€302,877
2024 · €303,269-€392
Balance sheet total
€1.2m
2024 · €1.1m+€151,419
Largest movements
Assets
- Stocks and contracts +€140,095
up €140,095 (+66.4%), from €210,858 to €350,953
Equity and liabilities
- Advances received +€164,245
new in 2025: €164,245
- Reserves -€90,002
down €90,002 (-38.4%), from €234,604 to €144,602
of which Distributable reserves: -€90,002
- Other debts +€90,000
up €90,000 (+56.3%), from €160,000 to €250,000
- Tax, wage and social debts -€31,217
down €31,217 (-28.9%), from €107,981 to €76,764
of which Taxes: -€27,922
- Short-term financial debts +€25,138
new in 2025: €25,138
Income statement
- Goods and materials -€766,284
down €766,284 (-40.0%), from €1.9m to €1.1m
of which Purchases: -€700,956
- Turnover -€720,622
down €720,622 (-25.9%), from €2.8m to €2.1m
- Services and other goods +€257,219
up €257,219 (+102%), from €253,277 to €510,496
- Other operating income +€120,142
up €120,142 (+2,033%), from €5,908 to €126,050
- Staff costs -€64,450
down €64,450 (-17.9%), from €359,260 to €294,810
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
€161,645
Turnover
-€720,622
Other operating income
+€120,142
Goods and materials
+€766,284
Services and other goods
-€257,219
Staff costs
+€64,450
Depreciation
+€5,682
Write-downs
-€2,214
Other operating charges
-€1,138
Other operating items
+€11,131
Financial income
+€4,072
Financial charges
-€717
Taxes
+€8,502
Result 2025
€159,998
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
+€240,325
Investment
-€30,362
Financing
-€210,355
Cash 2024
€303,269
From operations (derived)
+€240,325
Net result for the year
+€159,998
Depreciation
+€29,605
Stocks and contracts
-€140,095
Receivables within one year
-€6,492
Deferred charges and accrued income
-€4,467
Trade debts
-€20,503
Tax, wage and social debts
-€31,217
Advances received
+€164,245
Other debts
+€90,000
Accrued charges and deferred income
-€750
Investment (derived)
-€30,362
Investment in fixed assets (net)
-€30,362
Financing
-€210,355
Debts after one year
+€9,110
Current portion of long-term debt
+€5,397
Short-term financial debts
+€25,138
Contributions, distributions and other
-€250,000
Cash 2025
€302,877
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,069,251 | €1,220,670 | +€151,419 | +14.2% |
| Fixed assets | 21/28 | €62,804 | €63,561 | +€757 | +1.2% |
| Intangible fixed assets | 21 | €22,098 | €17,063 | -€5,035 | -22.8% |
| Tangible fixed assets | 22/27 | €40,706 | €46,497 | +€5,792 | +14.2% |
| Furniture and vehicles | 24 | €21,023 | €12,324 | -€8,699 | -41.4% |
| Leasing and similar rights | 25 | €19,683 | €34,173 | +€14,491 | +73.6% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Affiliated companies | 280/1 | €1 | €1 | = | 0.0% |
| Participating interests | 280 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,006,447 | €1,157,109 | +€150,662 | +15.0% |
| Stocks and contracts in progress | 3 | €210,858 | €350,953 | +€140,095 | +66.4% |
| Stocks | 30/36 | €210,858 | €350,953 | +€140,095 | +66.4% |
| Goods purchased for resale | 34 | €210,858 | €350,953 | +€140,095 | +66.4% |
| Amounts receivable within one year | 40/41 | €489,514 | €496,006 | +€6,492 | +1.3% |
| Trade receivables | 40 | €405,101 | €495,868 | +€90,767 | +22.4% |
| Other amounts receivable | 41 | €84,413 | €138 | -€84,275 | -99.8% |
| Cash at bank and in hand | 54/58 | €303,269 | €302,877 | -€392 | -0.1% |
| Deferred charges and accrued income | 490/1 | €2,806 | €7,273 | +€4,467 | +159% |
| Total equity and liabilities | 10/49 | €1,069,251 | €1,220,670 | +€151,419 | +14.2% |
| Equity | 10/15 | €408,604 | €318,602 | -€90,002 | -22.0% |
| Contributions | 10/11 | €174,000 | €174,000 | = | 0.0% |
| Capital | 10 | €174,000 | €174,000 | = | 0.0% |
| Issued capital | 100 | €174,000 | €174,000 | = | 0.0% |
| Reserves | 13 | €234,604 | €144,602 | -€90,002 | -38.4% |
| Non-distributable reserves | 130/1 | €19,095 | €19,095 | = | 0.0% |
| Legal reserve | 130 | €19,095 | €19,095 | = | 0.0% |
| Distributable reserves | 133 | €215,508 | €125,507 | -€90,002 | -41.8% |
| Amounts payable | 17/49 | €660,647 | €902,068 | +€241,420 | +36.5% |
| Amounts payable after more than one year | 17 | €9,589 | €18,698 | +€9,110 | +95.0% |
| Financial debts | 170/4 | €9,589 | €18,698 | +€9,110 | +95.0% |
| Leasing and similar obligations | 172 | €9,589 | €18,698 | +€9,110 | +95.0% |
| Amounts payable within one year | 42/48 | €650,084 | €883,144 | +€233,061 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €10,100 | €15,498 | +€5,397 | +53.4% |
| Financial debts | 43 | - | €25,138 | +€25,138 | |
| Credit institutions | 430/8 | - | €25,138 | +€25,138 | |
| Trade debts | 44 | €372,002 | €351,499 | -€20,503 | -5.5% |
| Suppliers | 440/4 | €372,002 | €351,499 | -€20,503 | -5.5% |
| Advances received on contracts in progress | 46 | - | €164,245 | +€164,245 | |
| Taxes, remuneration and social security | 45 | €107,981 | €76,764 | -€31,217 | -28.9% |
| Taxes | 450/3 | €66,851 | €38,929 | -€27,922 | -41.8% |
| Remuneration and social security | 454/9 | €41,130 | €37,835 | -€3,294 | -8.0% |
| Other amounts payable | 47/48 | €160,000 | €250,000 | +€90,000 | +56.3% |
| Accrued charges and deferred income | 492/3 | €975 | €225 | -€750 | -76.9% |
| Operating income | 70/76A | €2,792,527 | €2,201,740 | -€590,788 | -21.2% |
| Turnover | 70 | €2,784,506 | €2,063,884 | -€720,622 | -25.9% |
| Other operating income | 74 | €5,908 | €126,050 | +€120,142 | +2,033% |
| Non-recurring operating income | 76A | €2,113 | €11,805 | +€9,692 | +459% |
| Operating charges | 60/66A | €2,563,961 | €1,986,677 | -€577,284 | -22.5% |
| Goods for resale, raw materials and consumables | 60 | €1,913,811 | €1,147,527 | -€766,284 | -40.0% |
| Purchases | 600/8 | €1,879,459 | €1,178,503 | -€700,956 | -37.3% |
| Change in stocks: decrease (increase) | 609 | €34,351 | -€30,976 | -€65,328 | |
| Services and other goods | 61 | €253,277 | €510,496 | +€257,219 | +102% |
| Remuneration, social security and pensions | 62 | €359,260 | €294,810 | -€64,450 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,287 | €29,605 | -€5,682 | -16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,214 | +€2,214 | |
| Other operating charges | 640/8 | €887 | €2,025 | +€1,138 | +128% |
| Non-recurring operating charges | 66A | €1,439 | €0 | -€1,439 | -100% |
| Operating profit (loss) | 9901 | €228,566 | €215,062 | -€13,503 | -5.9% |
| Financial income | 75/76B | €0 | €4,072 | +€4,072 | +20,360,950% |
| Recurring financial income | 75 | €0 | €4,072 | +€4,072 | +20,360,950% |
| Income from current assets | 751 | - | €4,050 | +€4,050 | |
| Other financial income | 752/9 | €0 | €22 | +€22 | +108,900% |
| Financial charges | 65/66B | €2,055 | €2,773 | +€717 | +34.9% |
| Recurring financial charges | 65 | €2,055 | €2,773 | +€717 | +34.9% |
| Debt charges | 650 | €1,194 | €1,835 | +€641 | +53.7% |
| Other financial charges | 652/9 | €862 | €938 | +€76 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €226,510 | €216,362 | -€10,149 | -4.5% |
| Income taxes | 67/77 | €64,866 | €56,363 | -€8,502 | -13.1% |
| Taxes | 670/3 | €65,000 | €57,000 | -€8,000 | -12.3% |
| Tax adjustments and reversals of tax provisions | 77 | €134 | €637 | +€502 | +374% |
| Profit (loss) for the period | 9904 | €161,645 | €159,998 | -€1,646 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €161,645 | €159,998 | -€1,646 | -1.0% |
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 22 October 2026 via checked.be.