ALFA FISH: 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 FISH
NACE 46.323, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5.0m
2024 · €3.7m+€1.3m
Equity
€18.3m
2024 · €14.0m+€4.3m
Cash
€1.1m
2024 · €1.6m-€529,169
Balance sheet total
€18.8m
2024 · €14.5m+€4.2m
Largest movements
Assets
- Current investments +€2.9m
up €2.9m (+43.9%), from €6.6m to €9.5m
- Stocks and contracts +€815,174
up €815,174 (+91.4%), from €891,693 to €1.7m
- Receivables within one year +€720,669
up €720,669 (+33.5%), from €2.2m to €2.9m
of which Trade receivables: +€720,669
- Cash -€529,169
down €529,169 (-33.2%), from €1.6m to €1.1m
mainly Current investments (-€2.9m) and Stocks and contracts (-€815,174)
- Receivables after one year +€350,000
new in 2025: €350,000
Equity and liabilities
- Reserves +€4.2m
up €4.2m (+30.1%), from €13.9m to €18.1m
of which Distributable reserves: +€4.2m
Income statement
- Turnover +€5.6m
up €5.6m (+20.4%), from €27.2m to €32.8m
- Goods and materials +€3.4m
up €3.4m (+17.3%), from €19.7m to €23.1m
of which Purchases: +€3.7m
- Taxes +€419,910
up €419,910 (+34.0%), from €1.2m to €1.7m
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
€3.7m
Turnover
+€5.6m
Other operating income
+€564
Goods and materials
-€3.4m
Services and other goods
-€269,044
Staff costs
-€146,562
Depreciation
-€60,812
Write-downs
-€41,047
Other operating charges
-€14,882
Financial income
+€90,275
Financial charges
-€8,960
Taxes
-€419,910
Result 2025
€5.0m
Cash bridge derived
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
+€3.4m
Investment
-€3.3m
Financing
-€661,748
Cash 2024
€1.6m
From operations (derived)
+€3.4m
Net result for the year
+€5.0m
Depreciation
+€388,946
Receivables after one year
-€350,000
Stocks and contracts
-€815,174
Receivables within one year
-€720,669
Trade debts
-€121,193
Tax, wage and social debts
+€20,290
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€370,038
Current investments
-€2.9m
Financing
-€661,748
Contributions, distributions and other
-€661,748
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,512,930 | €18,755,986 | +€4.2m | +29.2% |
| Fixed assets | 21/28 | €3,262,530 | €3,243,622 | -€18,908 | -0.6% |
| Tangible fixed assets | 22/27 | €3,252,530 | €3,233,622 | -€18,908 | -0.6% |
| Land and buildings | 22 | €2,061,115 | €2,093,925 | +€32,810 | +1.6% |
| Plant, machinery and equipment | 23 | €839,520 | €728,426 | -€111,094 | -13.2% |
| Furniture and vehicles | 24 | €351,895 | €411,271 | +€59,376 | +16.9% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €11,250,400 | €15,512,364 | +€4.3m | +37.9% |
| Amounts receivable after more than one year | 29 | - | €350,000 | +€350,000 | |
| Other amounts receivable | 291 | - | €350,000 | +€350,000 | |
| Stocks and contracts in progress | 3 | €891,693 | €1,706,868 | +€815,174 | +91.4% |
| Stocks | 30/36 | €891,693 | €1,706,868 | +€815,174 | +91.4% |
| Goods purchased for resale | 34 | €891,693 | €1,706,868 | +€815,174 | +91.4% |
| Amounts receivable within one year | 40/41 | €2,153,672 | €2,874,341 | +€720,669 | +33.5% |
| Trade receivables | 40 | €2,145,353 | €2,866,022 | +€720,669 | +33.6% |
| Other amounts receivable | 41 | €8,320 | €8,320 | = | 0.0% |
| Current investments | 50/53 | €6,611,505 | €9,516,794 | +€2.9m | +43.9% |
| Other investments | 51/53 | €6,611,505 | €9,516,794 | +€2.9m | +43.9% |
| Cash at bank and in hand | 54/58 | €1,593,530 | €1,064,361 | -€529,169 | -33.2% |
| Total equity and liabilities | 10/49 | €14,512,930 | €18,755,986 | +€4.2m | +29.2% |
| Equity | 10/15 | €13,979,354 | €18,323,312 | +€4.3m | +31.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €13,917,380 | €18,103,087 | +€4.2m | +30.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €787 | €787 | = | 0.0% |
| Distributable reserves | 133 | €13,910,396 | €18,096,103 | +€4.2m | +30.1% |
| Investment grants | 15 | - | €158,252 | +€158,252 | |
| Amounts payable | 17/49 | €533,577 | €432,673 | -€100,903 | -18.9% |
| Amounts payable within one year | 42/48 | €533,577 | €432,673 | -€100,903 | -18.9% |
| Trade debts | 44 | €312,928 | €191,735 | -€121,193 | -38.7% |
| Suppliers | 440/4 | €312,928 | €191,735 | -€121,193 | -38.7% |
| Taxes, remuneration and social security | 45 | €220,649 | €240,939 | +€20,290 | +9.2% |
| Taxes | 450/3 | €150,646 | €155,556 | +€4,910 | +3.3% |
| Remuneration and social security | 454/9 | €70,003 | €85,383 | +€15,380 | +22.0% |
| Operating income | 70/76A | €27,290,014 | €32,847,973 | +€5.6m | +20.4% |
| Turnover | 70 | €27,233,147 | €32,790,541 | +€5.6m | +20.4% |
| Other operating income | 74 | €56,867 | €57,431 | +€564 | +1.0% |
| Operating charges | 60/66A | €22,495,510 | €26,429,604 | +€3.9m | +17.5% |
| Goods for resale, raw materials and consumables | 60 | €19,683,302 | €23,085,050 | +€3.4m | +17.3% |
| Purchases | 600/8 | €20,178,831 | €23,900,224 | +€3.7m | +18.4% |
| Change in stocks: decrease (increase) | 609 | -€495,529 | -€815,174 | -€319,645 | -64.5% |
| Services and other goods | 61 | €948,347 | €1,217,390 | +€269,044 | +28.4% |
| Remuneration, social security and pensions | 62 | €1,383,569 | €1,530,131 | +€146,562 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328,134 | €388,946 | +€60,812 | +18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €89,229 | €130,276 | +€41,047 | +46.0% |
| Other operating charges | 640/8 | €62,928 | €77,810 | +€14,882 | +23.6% |
| Operating profit (loss) | 9901 | €4,794,505 | €6,418,369 | +€1.6m | +33.9% |
| Financial income | 75/76B | €163,560 | €253,835 | +€90,275 | +55.2% |
| Recurring financial income | 75 | €163,560 | €253,440 | +€89,881 | +55.0% |
| Income from financial fixed assets | 750 | - | €3,526 | +€3,526 | |
| Income from current assets | 751 | €155,123 | €208,110 | +€52,987 | +34.2% |
| Other financial income | 752/9 | €8,437 | €41,805 | +€33,368 | +395.5% |
| Non-recurring financial income | 76B | - | €395 | +€395 | |
| Financial charges | 65/66B | €2,609 | €11,568 | +€8,960 | +343.5% |
| Recurring financial charges | 65 | €2,609 | €8,992 | +€6,383 | +244.7% |
| Other financial charges | 652/9 | €2,609 | €8,992 | +€6,383 | +244.7% |
| Non-recurring financial charges | 66B | - | €2,577 | +€2,577 | |
| Profit (loss) for the period before taxes | 9903 | €4,955,455 | €6,660,635 | +€1.7m | +34.4% |
| Income taxes | 67/77 | €1,235,018 | €1,654,929 | +€419,910 | +34.0% |
| Taxes | 670/3 | €1,235,018 | €1,654,929 | +€419,910 | +34.0% |
| Profit (loss) for the period | 9904 | €3,720,437 | €5,005,707 | +€1.3m | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,720,437 | €5,005,707 | +€1.3m | +34.5% |
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 11 October 2026 via checked.be.