ALFA PRINT SOLUTIONS: 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 PRINT SOLUTIONS
Largest movements
- Tangible fixed assets +€23,430
up €23,430 (+54.2%), from €43,262 to €66,692
of which Land and buildings: +€28,642
- Stocks and contracts -€11,707
down €11,707 (-56.5%), from €20,707 to €9,000
- Cash -€9,276
down €9,276 (-88.7%), from €10,458 to €1,181
mainly Investment in fixed assets (net) (-€35,910) and Net result for the year (-€17,978)
- Receivables within one year -€4,929
down €4,929 (-11.1%), from €44,434 to €39,505
of which Trade receivables: -€5,321
- Deferred charges and accrued income -€1,334
down €1,334 (-22.1%), from €6,045 to €4,712
- Profit (loss) carried forward -€17,978
down €17,978 (-25.0%), from -€72,007 to -€89,985
- Debts after one year +€16,580
up €16,580 (+72.8%), from €22,774 to €39,354
- Trade debts -€12,100
down €12,100 (-41.3%), from €29,268 to €17,168
- Other debts +€5,387
up €5,387 (+11.0%), from €48,923 to €54,310
- Tax, wage and social debts +€2,399
up €2,399 (+32.2%), from €7,456 to €9,856
of which Remuneration and social security: +€2,278
- Gross operating margin -€24,461
down €24,461 (-86.5%), from €28,284 to €3,823
- Depreciation -€2,029
down €2,029 (-13.5%), from €14,977 to €12,948
- Financial charges +€1,452
up €1,452 (+43.9%), from €3,306 to €4,758
- Other operating charges -€1,198
down €1,198 (-23.1%), from €5,183 to €3,985
- Write-downs -€524
no longer reported in 2025 (was €524)
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 | €128,885 | €124,601 | -€4,284 | -3.3% |
| Fixed assets | 21/28 | €47,241 | €70,203 | +€22,962 | +48.6% |
| Intangible fixed assets | 21 | €3,344 | €2,875 | -€468 | -14.0% |
| Tangible fixed assets | 22/27 | €43,262 | €66,692 | +€23,430 | +54.2% |
| Land and buildings | 22 | €16,307 | €44,949 | +€28,642 | +176% |
| Plant, machinery and equipment | 23 | €22,051 | €19,048 | -€3,003 | -13.6% |
| Furniture and vehicles | 24 | €4,905 | €2,696 | -€2,209 | -45.0% |
| Financial fixed assets | 28 | €635 | €635 | = | 0.0% |
| Current assets | 29/58 | €81,644 | €54,398 | -€27,246 | -33.4% |
| Stocks and contracts in progress | 3 | €20,707 | €9,000 | -€11,707 | -56.5% |
| Stocks | 30/36 | €20,707 | €9,000 | -€11,707 | -56.5% |
| Amounts receivable within one year | 40/41 | €44,434 | €39,505 | -€4,929 | -11.1% |
| Trade receivables | 40 | €44,398 | €39,077 | -€5,321 | -12.0% |
| Other amounts receivable | 41 | €36 | €428 | +€392 | +1,093% |
| Cash at bank and in hand | 54/58 | €10,458 | €1,181 | -€9,276 | -88.7% |
| Deferred charges and accrued income | 490/1 | €6,045 | €4,712 | -€1,334 | -22.1% |
| Total equity and liabilities | 10/49 | €128,885 | €124,601 | -€4,284 | -3.3% |
| Equity | 10/15 | €8,593 | -€9,385 | -€17,978 | |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Capital | 10 | €80,600 | €80,600 | = | 0.0% |
| Issued capital | 100 | €80,600 | €80,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,007 | -€89,985 | -€17,978 | -25.0% |
| Amounts payable | 17/49 | €120,292 | €133,986 | +€13,694 | +11.4% |
| Amounts payable after more than one year | 17 | €22,774 | €39,354 | +€16,580 | +72.8% |
| Financial debts | 170/4 | €22,774 | €39,354 | +€16,580 | +72.8% |
| Amounts payable within one year | 42/48 | €97,306 | €94,555 | -€2,750 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €11,658 | €13,221 | +€1,563 | +13.4% |
| Trade debts | 44 | €29,268 | €17,168 | -€12,100 | -41.3% |
| Suppliers | 440/4 | €29,268 | €17,168 | -€12,100 | -41.3% |
| Taxes, remuneration and social security | 45 | €7,456 | €9,856 | +€2,399 | +32.2% |
| Taxes | 450/3 | €6,354 | €6,475 | +€121 | +1.9% |
| Remuneration and social security | 454/9 | €1,102 | €3,381 | +€2,278 | +207% |
| Other amounts payable | 47/48 | €48,923 | €54,310 | +€5,387 | +11.0% |
| Accrued charges and deferred income | 492/3 | €212 | €76 | -€136 | -64.3% |
| Non-recurring operating income | 76A | - | €7,527 | +€7,527 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,977 | €12,948 | -€2,029 | -13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €524 | - | -€524 | |
| Other operating charges | 640/8 | €5,183 | €3,985 | -€1,198 | -23.1% |
| Gross operating margin | 9900 | €28,284 | €3,823 | -€24,461 | -86.5% |
| Operating profit (loss) | 9901 | €7,599 | -€13,110 | -€20,709 | |
| Financial income | 75/76B | €140 | €0 | -€140 | -100.0% |
| Recurring financial income | 75 | €140 | €0 | -€140 | -100.0% |
| Financial charges | 65/66B | €3,306 | €4,758 | +€1,452 | +43.9% |
| Recurring financial charges | 65 | €3,306 | €4,758 | +€1,452 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €4,433 | -€17,868 | -€22,302 | |
| Income taxes | 67/77 | €144 | €109 | -€35 | -24.3% |
| Profit (loss) for the period | 9904 | €4,289 | -€17,978 | -€22,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,289 | -€17,978 | -€22,267 |
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 23 October 2026 via checked.be.