ALFA -INDUS: what changed
Two fiscal 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 -INDUS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€40,195
up €40,195 (+3.6%), from €1.1m to €1.2m
- Debts after one year -€36,965
down €36,965 (-19.2%), from €192,613 to €155,649
- Financial income -€378,641
down €378,641 (-99.7%), from €379,702 to €1,061
- Purchases and services -€24,167
no longer reported in 2025 (was €24,167)
- Gross operating margin +€7,087
up €7,087 (+12.7%), from €55,816 to €62,903
- Other operating charges -€3,906
down €3,906 (-66.1%), from €5,911 to €2,005
- Taxes +€3,383
up €3,383 (+29.4%), from €11,490 to €14,872
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
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 | €2,305,363 | €2,303,673 | -€1,690 | -0.1% |
| Fixed assets | 21/28 | €2,225,810 | €2,225,236 | -€574 | 0.0% |
| Tangible fixed assets | 22/27 | €1,655 | €1,081 | -€574 | -34.7% |
| Plant, machinery and equipment | 23 | €248 | €0 | -€248 | -100.0% |
| Furniture and vehicles | 24 | €1,407 | €1,081 | -€326 | -23.2% |
| Financial fixed assets | 28 | €2,224,155 | €2,224,155 | = | 0.0% |
| Current assets | 29/58 | €79,554 | €78,438 | -€1,116 | -1.4% |
| Amounts receivable within one year | 40/41 | €77,205 | €77,926 | +€722 | +0.9% |
| Trade receivables | 40 | €50,588 | €52,161 | +€1,573 | +3.1% |
| Other amounts receivable | 41 | €26,617 | €25,765 | -€851 | -3.2% |
| Cash at bank and in hand | 54/58 | €1,981 | - | -€1,981 | |
| Deferred charges and accrued income | 490/1 | €368 | €511 | +€143 | +38.8% |
| Total equity and liabilities | 10/49 | €2,305,363 | €2,303,673 | -€1,690 | -0.1% |
| Equity | 10/15 | €1,867,070 | €1,907,265 | +€40,195 | +2.2% |
| Contributions | 10/11 | €716,153 | €716,153 | = | 0.0% |
| Reserves | 13 | €29,785 | €29,785 | = | 0.0% |
| Distributable reserves | 133 | €29,785 | €29,785 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,121,132 | €1,161,327 | +€40,195 | +3.6% |
| Amounts payable | 17/49 | €438,293 | €396,408 | -€41,885 | -9.6% |
| Amounts payable after more than one year | 17 | €192,613 | €155,649 | -€36,965 | -19.2% |
| Financial debts | 170/4 | €192,613 | €155,649 | -€36,965 | -19.2% |
| Amounts payable within one year | 42/48 | €245,680 | €239,217 | -€6,463 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €35,899 | €36,965 | +€1,066 | +3.0% |
| Trade debts | 44 | €12,013 | €2,340 | -€9,673 | -80.5% |
| Suppliers | 440/4 | €12,013 | €2,340 | -€9,673 | -80.5% |
| Taxes, remuneration and social security | 45 | €16,464 | €18,607 | +€2,143 | +13.0% |
| Taxes | 450/3 | €16,464 | €18,607 | +€2,143 | +13.0% |
| Other amounts payable | 47/48 | €181,305 | €181,305 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,543 | +€1,543 | |
| Goods, raw materials, services and sundry goods | 60/61 | €24,167 | - | -€24,167 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,686 | €574 | -€2,112 | -78.6% |
| Other operating charges | 640/8 | €5,911 | €2,005 | -€3,906 | -66.1% |
| Gross operating margin | 9900 | €55,816 | €62,903 | +€7,087 | +12.7% |
| Operating profit (loss) | 9901 | €47,220 | €60,324 | +€13,105 | +27.8% |
| Financial income | 75/76B | €379,702 | €1,061 | -€378,641 | -99.7% |
| Recurring financial income | 75 | €379,702 | €1,061 | -€378,641 | -99.7% |
| Financial charges | 65/66B | €7,455 | €6,318 | -€1,137 | -15.3% |
| Recurring financial charges | 65 | €7,455 | €6,318 | -€1,137 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €419,467 | €55,068 | -€364,399 | -86.9% |
| Income taxes | 67/77 | €11,490 | €14,872 | +€3,383 | +29.4% |
| Profit (loss) for the period | 9904 | €407,977 | €40,195 | -€367,782 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €407,977 | €40,195 | -€367,782 | -90.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.