ALFA PRESS: 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 PRESS
Largest movements
- Current investments -€55,000
down €55,000 (-100%), from €55,000 to €0
- Cash +€54,400
up €54,400 (+209%), from €26,081 to €80,482
mainly Current investments (+€55,000) and Depreciation (+€39,822)
- Tangible fixed assets -€31,416
down €31,416 (-35.9%), from €87,456 to €56,040
of which Plant, machinery and equipment: -€24,832
- Receivables within one year +€14,172
up €14,172 (+8.5%), from €166,279 to €180,451
of which Trade receivables: +€9,755
- Stocks and contracts -€5,680
down €5,680 (-10.8%), from €52,798 to €47,118
- Trade debts +€37,256
up €37,256 (+57.5%), from €64,833 to €102,088
- Tax, wage and social debts -€28,942
down €28,942 (-45.1%), from €64,209 to €35,266
of which Remuneration and social security: -€21,985
- Debts after one year -€25,000
down €25,000 (-44.4%), from €56,250 to €31,250
- Accrued charges and deferred income -€16,600
down €16,600 (-71.9%), from €23,073 to €6,474
- Other debts +€9,500
up €9,500 (+127%), from €7,500 to €17,000
- Staff costs -€48,972
down €48,972 (-20.9%), from €234,321 to €185,349
- Gross operating margin -€36,881
down €36,881 (-13.1%), from €280,818 to €243,937
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 | €388,146 | €364,649 | -€23,497 | -6.1% |
| Fixed assets | 21/28 | €87,456 | €56,040 | -€31,416 | -35.9% |
| Tangible fixed assets | 22/27 | €87,456 | €56,040 | -€31,416 | -35.9% |
| Plant, machinery and equipment | 23 | €78,675 | €53,843 | -€24,832 | -31.6% |
| Furniture and vehicles | 24 | €5,529 | €2,197 | -€3,333 | -60.3% |
| Other tangible fixed assets | 26 | €3,251 | €0 | -€3,251 | -100% |
| Current assets | 29/58 | €300,690 | €308,609 | +€7,919 | +2.6% |
| Stocks and contracts in progress | 3 | €52,798 | €47,118 | -€5,680 | -10.8% |
| Stocks | 30/36 | €52,798 | €47,118 | -€5,680 | -10.8% |
| Amounts receivable within one year | 40/41 | €166,279 | €180,451 | +€14,172 | +8.5% |
| Trade receivables | 40 | €162,279 | €172,034 | +€9,755 | +6.0% |
| Other amounts receivable | 41 | €4,000 | €8,417 | +€4,417 | +110% |
| Current investments | 50/53 | €55,000 | €0 | -€55,000 | -100% |
| Cash at bank and in hand | 54/58 | €26,081 | €80,482 | +€54,400 | +209% |
| Deferred charges and accrued income | 490/1 | €532 | €559 | +€27 | +5.1% |
| Total equity and liabilities | 10/49 | €388,146 | €364,649 | -€23,497 | -6.1% |
| Equity | 10/15 | €147,282 | €147,571 | +€289 | +0.2% |
| Contributions | 10/11 | €39,600 | €39,600 | = | 0.0% |
| Reserves | 13 | €107,682 | €107,971 | +€289 | +0.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €8,636 | €8,636 | = | 0.0% |
| Distributable reserves | 133 | €99,046 | €99,335 | +€289 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €240,865 | €217,078 | -€23,786 | -9.9% |
| Amounts payable after more than one year | 17 | €56,250 | €31,250 | -€25,000 | -44.4% |
| Financial debts | 170/4 | €56,250 | €31,250 | -€25,000 | -44.4% |
| Amounts payable within one year | 42/48 | €161,541 | €179,354 | +€17,813 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €64,833 | €102,088 | +€37,256 | +57.5% |
| Suppliers | 440/4 | €64,833 | €102,088 | +€37,256 | +57.5% |
| Taxes, remuneration and social security | 45 | €64,209 | €35,266 | -€28,942 | -45.1% |
| Taxes | 450/3 | €22,223 | €15,266 | -€6,957 | -31.3% |
| Remuneration and social security | 454/9 | €41,986 | €20,001 | -€21,985 | -52.4% |
| Other amounts payable | 47/48 | €7,500 | €17,000 | +€9,500 | +127% |
| Accrued charges and deferred income | 492/3 | €23,073 | €6,474 | -€16,600 | -71.9% |
| Remuneration, social security and pensions | 62 | €234,321 | €185,349 | -€48,972 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,431 | €39,822 | +€1,391 | +3.6% |
| Other operating charges | 640/8 | €659 | €513 | -€145 | -22.1% |
| Gross operating margin | 9900 | €280,818 | €243,937 | -€36,881 | -13.1% |
| Operating profit (loss) | 9901 | €7,407 | €18,253 | +€10,846 | +146% |
| Financial income | 75/76B | €3,970 | €2,614 | -€1,356 | -34.2% |
| Recurring financial income | 75 | €3,970 | €2,614 | -€1,356 | -34.2% |
| Financial charges | 65/66B | €2,834 | €2,206 | -€628 | -22.2% |
| Recurring financial charges | 65 | €2,834 | €2,206 | -€628 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €8,542 | €18,660 | +€10,117 | +118% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €164 | €1,370 | +€1,207 | +736% |
| Profit (loss) for the period | 9904 | €8,378 | €17,289 | +€8,911 | +106% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €8,378 | €17,289 | +€8,911 | +106% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.