ALFA PARTNER: 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 PARTNER
Largest movements
- Cash +€34,227
up €34,227 (+33.9%), from €100,926 to €135,153
mainly Net result for the year (+€44,356) and Depreciation (+€2,063)
- Tangible fixed assets +€4,349
up €4,349 (+66.6%), from €6,534 to €10,883
of which Other tangible fixed assets: +€4,599
- Receivables within one year +€3,671
up €3,671 (+5.7%), from €63,874 to €67,545
of which Other amounts receivable: +€4,754
- Reserves +€44,350
up €44,350 (+29.3%), from €151,220 to €195,570
- Gross operating margin -€20,857
down €20,857 (-22.4%), from €93,038 to €72,181
- Taxes -€8,158
down €8,158 (-26.9%), from €30,381 to €22,223
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 | €174,398 | €218,085 | +€43,687 | +25.1% |
| Fixed assets | 21/28 | €6,784 | €11,133 | +€4,349 | +64.1% |
| Tangible fixed assets | 22/27 | €6,534 | €10,883 | +€4,349 | +66.6% |
| Furniture and vehicles | 24 | €6,534 | €6,283 | -€250 | -3.8% |
| Other tangible fixed assets | 26 | - | €4,599 | +€4,599 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €167,614 | €206,952 | +€39,338 | +23.5% |
| Amounts receivable within one year | 40/41 | €63,874 | €67,545 | +€3,671 | +5.7% |
| Trade receivables | 40 | €22,300 | €21,217 | -€1,084 | -4.9% |
| Other amounts receivable | 41 | €41,574 | €46,328 | +€4,754 | +11.4% |
| Cash at bank and in hand | 54/58 | €100,926 | €135,153 | +€34,227 | +33.9% |
| Deferred charges and accrued income | 490/1 | €2,814 | €4,255 | +€1,441 | +51.2% |
| Total equity and liabilities | 10/49 | €174,398 | €218,085 | +€43,687 | +25.1% |
| Equity | 10/15 | €157,503 | €201,859 | +€44,356 | +28.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €151,220 | €195,570 | +€44,350 | +29.3% |
| Distributable reserves | 133 | €151,220 | €195,570 | +€44,350 | +29.3% |
| Profit (loss) carried forward | 14 | €83 | €89 | +€6 | +7.1% |
| Amounts payable | 17/49 | €16,894 | €16,226 | -€669 | -4.0% |
| Amounts payable within one year | 42/48 | €14,818 | €16,170 | +€1,353 | +9.1% |
| Trade debts | 44 | - | €292 | +€292 | |
| Suppliers | 440/4 | - | €292 | +€292 | |
| Taxes, remuneration and social security | 45 | €14,818 | €15,878 | +€1,061 | +7.2% |
| Taxes | 450/3 | €14,818 | €15,878 | +€1,061 | +7.2% |
| Accrued charges and deferred income | 492/3 | €2,077 | €55 | -€2,022 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,328 | €2,063 | -€265 | -11.4% |
| Other operating charges | 640/8 | €309 | €1,150 | +€841 | +272.2% |
| Gross operating margin | 9900 | €93,038 | €72,181 | -€20,857 | -22.4% |
| Operating profit (loss) | 9901 | €90,400 | €68,968 | -€21,433 | -23.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €3,236 | €2,389 | -€847 | -26.2% |
| Recurring financial charges | 65 | €3,236 | €2,389 | -€847 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €87,164 | €66,579 | -€20,586 | -23.6% |
| Income taxes | 67/77 | €30,381 | €22,223 | -€8,158 | -26.9% |
| Profit (loss) for the period | 9904 | €56,783 | €44,356 | -€12,427 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,783 | €44,356 | -€12,427 | -21.9% |
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 8 October 2026 via checked.be.