ALFA SECURITY: 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 SECURITY
Largest movements
- Receivables within one year -€29,290
down €29,290 (-39.2%), from €74,763 to €45,473
of which Trade receivables: -€40,111
- Stocks and contracts +€4,902
new in 2025: €4,902
- Cash -€1,857
down €1,857 (-100%), from €1,857 to €0
mainly Trade debts (-€27,284) and Other debts (-€6,725)
- Deferred charges and accrued income +€1,476
new in 2025: €1,476
- Trade debts -€27,284
down €27,284 (-68.4%), from €39,909 to €12,624
- Profit (loss) carried forward +€7,138
up €7,138 (+173%), from €4,135 to €11,273
- Other debts -€6,725
down €6,725 (-100%), from €6,725 to €0
- Tax, wage and social debts +€1,361
up €1,361 (+35.7%), from €3,812 to €5,173
- Other operating charges -€7,498
down €7,498 (-65.3%), from €11,481 to €3,983
- Gross operating margin -€3,878
down €3,878 (-22.7%), from €17,049 to €13,171
- Financial income +€2,276
up €2,276 (+2,158%), from €105 to €2,381
- Financial charges -€2,265
down €2,265 (-50.7%), from €4,469 to €2,204
- Write-downs +€1,526
new in 2025: €1,526
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 | €77,102 | €51,851 | -€25,251 | -32.7% |
| Fixed assets | 21/28 | €482 | €0 | -€482 | -100% |
| Financial fixed assets | 28 | €482 | €0 | -€482 | -100% |
| Current assets | 29/58 | €76,620 | €51,851 | -€24,769 | -32.3% |
| Stocks and contracts in progress | 3 | - | €4,902 | +€4,902 | |
| Stocks | 30/36 | - | €4,902 | +€4,902 | |
| Amounts receivable within one year | 40/41 | €74,763 | €45,473 | -€29,290 | -39.2% |
| Trade receivables | 40 | €71,882 | €31,771 | -€40,111 | -55.8% |
| Other amounts receivable | 41 | €2,881 | €13,703 | +€10,822 | +376% |
| Current investments | 50/53 | €0 | €0 | -€0 | -100% |
| Cash at bank and in hand | 54/58 | €1,857 | €0 | -€1,857 | -100% |
| Deferred charges and accrued income | 490/1 | - | €1,476 | +€1,476 | |
| Total equity and liabilities | 10/49 | €77,102 | €51,851 | -€25,251 | -32.7% |
| Equity | 10/15 | €20,248 | €27,386 | +€7,138 | +35.3% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,135 | €11,273 | +€7,138 | +173% |
| Amounts payable | 17/49 | €56,854 | €24,465 | -€32,389 | -57.0% |
| Amounts payable within one year | 42/48 | €56,854 | €24,465 | -€32,389 | -57.0% |
| Financial debts | 43 | €6,408 | €6,667 | +€260 | +4.1% |
| Credit institutions | 430/8 | €6,408 | €6,667 | +€260 | +4.1% |
| Trade debts | 44 | €39,909 | €12,624 | -€27,284 | -68.4% |
| Suppliers | 440/4 | €39,909 | €12,624 | -€27,284 | -68.4% |
| Taxes, remuneration and social security | 45 | €3,812 | €5,173 | +€1,361 | +35.7% |
| Taxes | 450/3 | €3,812 | €5,173 | +€1,361 | +35.7% |
| Other amounts payable | 47/48 | €6,725 | €0 | -€6,725 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,526 | +€1,526 | |
| Other operating charges | 640/8 | €11,481 | €3,983 | -€7,498 | -65.3% |
| Gross operating margin | 9900 | €17,049 | €13,171 | -€3,878 | -22.7% |
| Operating profit (loss) | 9901 | €5,568 | €7,662 | +€2,094 | +37.6% |
| Financial income | 75/76B | €105 | €2,381 | +€2,276 | +2,158% |
| Recurring financial income | 75 | €105 | €2,381 | +€2,276 | +2,158% |
| Financial charges | 65/66B | €4,469 | €2,204 | -€2,265 | -50.7% |
| Recurring financial charges | 65 | €4,469 | €2,204 | -€2,265 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €1,204 | €7,839 | +€6,634 | +551% |
| Income taxes | 67/77 | - | €701 | +€701 | |
| Profit (loss) for the period | 9904 | €1,204 | €7,138 | +€5,934 | +493% |
| Profit (loss) for the period to be appropriated | 9905 | €1,204 | €7,138 | +€5,934 | +493% |
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.