ALFA STUDIO'S: 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 STUDIO'S
Largest movements
- Receivables within one year -€11,051
down €11,051 (-11.9%), from €92,661 to €81,610
of which Trade receivables: -€10,884
- Tangible fixed assets -€2,118
down €2,118 (-27.8%), from €7,628 to €5,510
of which Furniture and vehicles: -€1,708
- Stocks and contracts -€1,815
down €1,815 (-5.2%), from €34,842 to €33,027
- Other debts -€14,330
down €14,330 (-16.2%), from €88,515 to €74,185
- Profit (loss) carried forward -€9,034
down €9,034, from €4,872 to -€4,162
- Trade debts +€8,813
up €8,813 (+184.4%), from €4,778 to €13,591
- Debts after one year -€3,860
down €3,860 (-79.3%), from €4,868 to €1,008
- Tax, wage and social debts +€2,637
up €2,637 (+806.5%), from €327 to €2,964
- Gross operating margin -€8,873
down €8,873, from €5,198 to -€3,675
- Depreciation -€4,524
down €4,524 (-68.1%), from €6,642 to €2,118
- Financial charges -€169
down €169 (-8.2%), from €2,074 to €1,905
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 | €137,521 | €122,402 | -€15,119 | -11.0% |
| Fixed assets | 21/28 | €7,668 | €5,550 | -€2,118 | -27.6% |
| Tangible fixed assets | 22/27 | €7,628 | €5,510 | -€2,118 | -27.8% |
| Plant, machinery and equipment | 23 | €3,004 | €2,594 | -€410 | -13.7% |
| Furniture and vehicles | 24 | €4,624 | €2,916 | -€1,708 | -36.9% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €129,853 | €116,852 | -€13,001 | -10.0% |
| Stocks and contracts in progress | 3 | €34,842 | €33,027 | -€1,815 | -5.2% |
| Stocks | 30/36 | €34,842 | €33,027 | -€1,815 | -5.2% |
| Amounts receivable within one year | 40/41 | €92,661 | €81,610 | -€11,051 | -11.9% |
| Trade receivables | 40 | €92,469 | €81,585 | -€10,884 | -11.8% |
| Other amounts receivable | 41 | €192 | €25 | -€167 | -86.9% |
| Cash at bank and in hand | 54/58 | €1,520 | €1,308 | -€212 | -13.9% |
| Deferred charges and accrued income | 490/1 | €830 | €907 | +€77 | +9.2% |
| Total equity and liabilities | 10/49 | €137,521 | €122,402 | -€15,119 | -11.0% |
| Equity | 10/15 | €25,332 | €16,298 | -€9,034 | -35.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,872 | -€4,162 | -€9,034 | |
| Amounts payable | 17/49 | €112,189 | €106,104 | -€6,085 | -5.4% |
| Amounts payable after more than one year | 17 | €4,868 | €1,008 | -€3,860 | -79.3% |
| Financial debts | 170/4 | €4,868 | €1,008 | -€3,860 | -79.3% |
| Amounts payable within one year | 42/48 | €107,321 | €105,096 | -€2,225 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €3,597 | €3,860 | +€263 | +7.3% |
| Financial debts | 43 | €7,104 | €7,496 | +€392 | +5.5% |
| Credit institutions | 430/8 | €7,104 | €7,496 | +€392 | +5.5% |
| Trade debts | 44 | €4,778 | €13,591 | +€8,813 | +184.4% |
| Suppliers | 440/4 | €4,778 | €13,591 | +€8,813 | +184.4% |
| Advances received on contracts in progress | 46 | €3,000 | €3,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €327 | €2,964 | +€2,637 | +806.5% |
| Taxes | 450/3 | €327 | €2,964 | +€2,637 | +806.5% |
| Other amounts payable | 47/48 | €88,515 | €74,185 | -€14,330 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,642 | €2,118 | -€4,524 | -68.1% |
| Other operating charges | 640/8 | €1,160 | €1,160 | +€0 | 0.0% |
| Gross operating margin | 9900 | €5,198 | -€3,675 | -€8,873 | |
| Operating profit (loss) | 9901 | -€2,604 | -€6,953 | -€4,349 | -167.0% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €2,074 | €1,905 | -€169 | -8.2% |
| Recurring financial charges | 65 | €2,074 | €1,905 | -€169 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,663 | -€8,858 | -€4,195 | -90.0% |
| Income taxes | 67/77 | €171 | €176 | +€5 | +3.0% |
| Profit (loss) for the period | 9904 | -€4,834 | -€9,034 | -€4,200 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,834 | -€9,034 | -€4,200 | -86.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.