Alfa Jane: 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 Jane
Largest movements
- Tangible fixed assets +€372,712
up €372,712 (+52.3%), from €712,685 to €1.1m
of which Land and buildings: +€275,787
- Current investments -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Cash +€60,754
up €60,754 (+143%), from €42,391 to €103,145
mainly Debts after one year (+€194,341) and Current investments (+€150,000)
- Debts after one year +€194,341
up €194,341 (+32.6%), from €595,573 to €789,914
of which Financial debts: +€188,941
- Current portion of long-term debt +€35,182
up €35,182 (+112%), from €31,480 to €66,661
- Profit (loss) carried forward +€33,296
up €33,296 (+15.2%), from €218,951 to €252,247
- Gross operating margin -€56,687
down €56,687 (-30.4%), from €186,440 to €129,753
- Taxes -€14,288
down €14,288 (-60.5%), from €23,635 to €9,348
- Depreciation +€6,414
up €6,414 (+20.6%), from €31,098 to €37,512
- Financial income -€4,334
down €4,334 (-50.0%), from €8,668 to €4,334
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 | €1,106,697 | €1,392,208 | +€285,511 | +25.8% |
| Fixed assets | 21/28 | €712,685 | €1,085,397 | +€372,712 | +52.3% |
| Tangible fixed assets | 22/27 | €712,685 | €1,085,397 | +€372,712 | +52.3% |
| Land and buildings | 22 | €604,858 | €880,645 | +€275,787 | +45.6% |
| Plant, machinery and equipment | 23 | €8,361 | €132,760 | +€124,399 | +1,488% |
| Furniture and vehicles | 24 | €87,312 | €61,834 | -€25,478 | -29.2% |
| Other tangible fixed assets | 26 | €12,155 | €10,158 | -€1,997 | -16.4% |
| Current assets | 29/58 | €394,012 | €306,811 | -€87,201 | -22.1% |
| Amounts receivable within one year | 40/41 | €45,966 | €50,402 | +€4,436 | +9.7% |
| Trade receivables | 40 | €34,900 | €39,337 | +€4,437 | +12.7% |
| Other amounts receivable | 41 | €11,065 | €11,064 | -€1 | 0.0% |
| Current investments | 50/53 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €42,391 | €103,145 | +€60,754 | +143% |
| Deferred charges and accrued income | 490/1 | €5,655 | €3,264 | -€2,391 | -42.3% |
| Total equity and liabilities | 10/49 | €1,106,697 | €1,392,208 | +€285,511 | +25.8% |
| Equity | 10/15 | €250,911 | €284,207 | +€33,296 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,360 | €13,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,500 | €11,500 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,951 | €252,247 | +€33,296 | +15.2% |
| Amounts payable | 17/49 | €855,786 | €1,108,001 | +€252,215 | +29.5% |
| Amounts payable after more than one year | 17 | €595,573 | €789,914 | +€194,341 | +32.6% |
| Financial debts | 170/4 | €595,573 | €784,514 | +€188,941 | +31.7% |
| Other amounts payable | 178/9 | - | €5,400 | +€5,400 | |
| Amounts payable within one year | 42/48 | €247,760 | €303,116 | +€55,356 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €31,480 | €66,661 | +€35,182 | +112% |
| Trade debts | 44 | €16,037 | €24,505 | +€8,468 | +52.8% |
| Suppliers | 440/4 | €16,037 | €24,505 | +€8,468 | +52.8% |
| Taxes, remuneration and social security | 45 | €14,952 | €17,627 | +€2,675 | +17.9% |
| Taxes | 450/3 | €14,952 | €17,627 | +€2,675 | +17.9% |
| Other amounts payable | 47/48 | €185,292 | €194,322 | +€9,030 | +4.9% |
| Accrued charges and deferred income | 492/3 | €12,453 | €14,971 | +€2,518 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,098 | €37,512 | +€6,414 | +20.6% |
| Other operating charges | 640/8 | €12,758 | €13,446 | +€688 | +5.4% |
| Gross operating margin | 9900 | €186,440 | €129,753 | -€56,687 | -30.4% |
| Operating profit (loss) | 9901 | €142,584 | €78,795 | -€63,789 | -44.7% |
| Financial income | 75/76B | €8,668 | €4,334 | -€4,334 | -50.0% |
| Recurring financial income | 75 | €8,668 | €4,334 | -€4,334 | -50.0% |
| Financial charges | 65/66B | €40,610 | €40,486 | -€124 | -0.3% |
| Recurring financial charges | 65 | €40,610 | €40,486 | -€124 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €110,642 | €42,643 | -€67,999 | -61.5% |
| Income taxes | 67/77 | €23,635 | €9,348 | -€14,288 | -60.5% |
| Profit (loss) for the period | 9904 | €87,007 | €33,296 | -€53,711 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €87,007 | €33,296 | -€53,711 | -61.7% |
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 14 October 2026 via checked.be.