Alfa Nova: 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 Nova
Largest movements
- Receivables after one year -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tangible fixed assets +€243,411
up €243,411 (+963%), from €25,270 to €268,681
of which Land and buildings: +€244,022
- Cash +€219,491
up €219,491 (+5,114%), from €4,292 to €223,783
mainly Receivables after one year (+€250,000) and Contributions, distributions and other (+€190,783)
- Receivables within one year +€23,913
up €23,913 (+262%), from €9,125 to €33,038
of which Other amounts receivable: +€26,159
- Reserves +€100,587
up €100,587 (+847%), from €11,881 to €112,469
of which Non-distributable reserves: +€98,454
- Profit (loss) carried forward +€87,108
up €87,108 (+1,468%), from €5,935 to €93,042
- Trade debts +€37,278
up €37,278 (+7,559%), from €493 to €37,771
- Contributions +€7,540
up €7,540 (+28.1%), from €26,816 to €34,356
- Gross operating margin +€26,102
up €26,102, from -€21,888 to €4,214
- Financial income -€5,580
down €5,580 (-33.2%), from €16,830 to €11,250
- Depreciation +€2,446
up €2,446 (+85.8%), from €2,852 to €5,298
- Financial charges +€1,901
up €1,901 (+180%), from €1,054 to €2,955
- Other operating charges -€453
down €453 (-16.2%), from €2,806 to €2,353
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 | €294,504 | €527,761 | +€233,257 | +79.2% |
| Fixed assets | 21/28 | €25,270 | €268,681 | +€243,411 | +963% |
| Tangible fixed assets | 22/27 | €25,270 | €268,681 | +€243,411 | +963% |
| Land and buildings | 22 | €20,327 | €264,349 | +€244,022 | +1,200% |
| Plant, machinery and equipment | 23 | - | €1,250 | +€1,250 | |
| Furniture and vehicles | 24 | €4,943 | €3,082 | -€1,860 | -37.6% |
| Current assets | 29/58 | €269,234 | €259,080 | -€10,154 | -3.8% |
| Amounts receivable after more than one year | 29 | €250,000 | €0 | -€250,000 | -100% |
| Other amounts receivable | 291 | €250,000 | €0 | -€250,000 | -100% |
| Amounts receivable within one year | 40/41 | €9,125 | €33,038 | +€23,913 | +262% |
| Trade receivables | 40 | €2,400 | €154 | -€2,246 | -93.6% |
| Other amounts receivable | 41 | €6,725 | €32,884 | +€26,159 | +389% |
| Cash at bank and in hand | 54/58 | €4,292 | €223,783 | +€219,491 | +5,114% |
| Deferred charges and accrued income | 490/1 | €5,817 | €2,259 | -€3,558 | -61.2% |
| Total equity and liabilities | 10/49 | €294,504 | €527,761 | +€233,257 | +79.2% |
| Equity | 10/15 | €44,632 | €239,867 | +€195,235 | +437% |
| Contributions | 10/11 | €26,816 | €34,356 | +€7,540 | +28.1% |
| Reserves | 13 | €11,881 | €112,469 | +€100,587 | +847% |
| Non-distributable reserves | 130/1 | - | €98,454 | +€98,454 | |
| Reserves not available under the articles | 1311 | - | €657 | +€657 | |
| Other | 1319 | - | €97,797 | +€97,797 | |
| Distributable reserves | 133 | €11,881 | €14,015 | +€2,134 | +18.0% |
| Profit (loss) carried forward | 14 | €5,935 | €93,042 | +€87,108 | +1,468% |
| Amounts payable | 17/49 | €249,871 | €287,893 | +€38,022 | +15.2% |
| Amounts payable within one year | 42/48 | €249,871 | €287,893 | +€38,022 | +15.2% |
| Trade debts | 44 | €493 | €37,771 | +€37,278 | +7,559% |
| Suppliers | 440/4 | €493 | €37,771 | +€37,278 | +7,559% |
| Taxes, remuneration and social security | 45 | €378 | €405 | +€27 | +7.2% |
| Taxes | 450/3 | €378 | €405 | +€27 | +7.2% |
| Other amounts payable | 47/48 | €249,000 | €249,717 | +€717 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,852 | €5,298 | +€2,446 | +85.8% |
| Other operating charges | 640/8 | €2,806 | €2,353 | -€453 | -16.2% |
| Gross operating margin | 9900 | -€21,888 | €4,214 | +€26,102 | |
| Operating profit (loss) | 9901 | -€27,546 | -€3,437 | +€24,109 | +87.5% |
| Financial income | 75/76B | €16,830 | €11,250 | -€5,580 | -33.2% |
| Recurring financial income | 75 | €16,830 | €11,250 | -€5,580 | -33.2% |
| Financial charges | 65/66B | €1,054 | €2,955 | +€1,901 | +180% |
| Recurring financial charges | 65 | €1,054 | €2,955 | +€1,901 | +180% |
| Profit (loss) for the period before taxes | 9903 | -€11,770 | €4,857 | +€16,627 | |
| Income taxes | 67/77 | €378 | €405 | +€27 | +7.2% |
| Profit (loss) for the period | 9904 | -€12,148 | €4,452 | +€16,600 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,148 | €4,452 | +€16,600 |
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 13 October 2026 via checked.be.