ALFA-SYSTEMS: 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-SYSTEMS
Largest movements
- Receivables within one year -€33,250
down €33,250 (-36.0%), from €92,241 to €58,991
of which Trade receivables: -€32,313
- Cash -€30,157
down €30,157 (-31.1%), from €96,883 to €66,726
mainly Net result for the year (-€48,138) and Trade debts (-€9,234)
- Tangible fixed assets -€6,009
down €6,009 (-51.2%), from €11,748 to €5,739
- Reserves -€48,138
down €48,138 (-34.0%), from €141,772 to €93,635
of which Distributable reserves: -€48,138
- Trade debts -€9,234
down €9,234 (-15.8%), from €58,459 to €49,226
- Tax, wage and social debts -€6,998
down €6,998 (-23.9%), from €29,329 to €22,331
of which Remuneration and social security: -€4,601
- Current portion of long-term debt -€6,762
down €6,762 (-100.0%), from €6,762 to €0
- Gross operating margin -€43,027
down €43,027 (-41.7%), from €103,275 to €60,247
- Staff costs +€2,886
up €2,886 (+3.1%), from €93,229 to €96,115
- Other operating charges -€1,916
down €1,916 (-28.8%), from €6,644 to €4,728
- Write-downs +€1,748
up €1,748, from -€1,748 to €0
- Financial income -€1,049
down €1,049 (-91.0%), from €1,153 to €104
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 | €308,756 | €239,365 | -€69,391 | -22.5% |
| Fixed assets | 21/28 | €11,898 | €5,889 | -€6,009 | -50.5% |
| Tangible fixed assets | 22/27 | €11,748 | €5,739 | -€6,009 | -51.2% |
| Furniture and vehicles | 24 | €11,748 | €5,739 | -€6,009 | -51.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €296,857 | €233,476 | -€63,381 | -21.4% |
| Stocks and contracts in progress | 3 | €105,473 | €105,567 | +€95 | +0.1% |
| Stocks | 30/36 | €105,473 | €105,567 | +€95 | +0.1% |
| Amounts receivable within one year | 40/41 | €92,241 | €58,991 | -€33,250 | -36.0% |
| Trade receivables | 40 | €87,304 | €54,991 | -€32,313 | -37.0% |
| Other amounts receivable | 41 | €4,937 | €4,000 | -€937 | -19.0% |
| Cash at bank and in hand | 54/58 | €96,883 | €66,726 | -€30,157 | -31.1% |
| Deferred charges and accrued income | 490/1 | €2,261 | €2,191 | -€70 | -3.1% |
| Total equity and liabilities | 10/49 | €308,756 | €239,365 | -€69,391 | -22.5% |
| Equity | 10/15 | €203,772 | €155,635 | -€48,138 | -23.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €141,772 | €93,635 | -€48,138 | -34.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €135,572 | €87,435 | -€48,138 | -35.5% |
| Amounts payable | 17/49 | €104,983 | €83,730 | -€21,253 | -20.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €95,133 | €73,730 | -€21,403 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €6,762 | €0 | -€6,762 | -100.0% |
| Trade debts | 44 | €58,459 | €49,226 | -€9,234 | -15.8% |
| Suppliers | 440/4 | €58,459 | €49,226 | -€9,234 | -15.8% |
| Advances received on contracts in progress | 46 | - | €103 | +€103 | |
| Taxes, remuneration and social security | 45 | €29,329 | €22,331 | -€6,998 | -23.9% |
| Taxes | 450/3 | €13,062 | €10,666 | -€2,397 | -18.3% |
| Remuneration and social security | 454/9 | €16,266 | €11,665 | -€4,601 | -28.3% |
| Other amounts payable | 47/48 | €584 | €2,071 | +€1,487 | +254.9% |
| Accrued charges and deferred income | 492/3 | €9,850 | €10,000 | +€150 | +1.5% |
| Remuneration, social security and pensions | 62 | €93,229 | €96,115 | +€2,886 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,009 | €6,009 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,748 | €0 | +€1,748 | |
| Other operating charges | 640/8 | €6,644 | €4,728 | -€1,916 | -28.8% |
| Gross operating margin | 9900 | €103,275 | €60,247 | -€43,027 | -41.7% |
| Operating profit (loss) | 9901 | -€860 | -€46,605 | -€45,745 | -5318.0% |
| Financial income | 75/76B | €1,153 | €104 | -€1,049 | -91.0% |
| Recurring financial income | 75 | €1,153 | €104 | -€1,049 | -91.0% |
| Financial charges | 65/66B | €833 | €1,120 | +€287 | +34.5% |
| Recurring financial charges | 65 | €833 | €1,120 | +€287 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | -€540 | -€47,622 | -€47,081 | -8711.4% |
| Income taxes | 67/77 | €520 | €516 | -€4 | -0.9% |
| Profit (loss) for the period | 9904 | -€1,061 | -€48,138 | -€47,077 | -4438.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,061 | -€48,138 | -€47,077 | -4438.5% |
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 6 October 2026 via checked.be.