Alfa Technical Installations: 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.
What changed
Alfa Technical Installations
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€187,759
2023 · €317,201-€129,442
Equity
€2.7m
2023 · €2.7m+€47,759
Cash
€552,092
2023 · €493,403+€58,689
Balance sheet total
€11.9m
2023 · €9.3m+€2.5m
Largest movements
Assets
- Receivables within one year +€2.2m
up €2.2m (+28.5%), from €7.7m to €9.9m
of which Trade receivables: +€2.2m
- Intangible fixed assets +€199,892
up €199,892 (+5426.5%), from €3,684 to €203,575
- Stocks and contracts +€160,442
up €160,442 (+22.4%), from €716,498 to €876,941
of which Contracts in progress: +€120,603
Equity and liabilities
- Trade debts +€2.1m
up €2.1m (+87.1%), from €2.4m to €4.5m
- Short-term financial debts +€1.2m
up €1.2m (+113.7%), from €1.0m to €2.2m
- Advances received -€854,500
down €854,500 (-43.6%), from €2.0m to €1.1m
- Other debts +€453,344
up €453,344 (+206.1%), from €220,000 to €673,344
- Tax, wage and social debts -€318,873
down €318,873 (-39.0%), from €817,667 to €498,794
of which Remuneration and social security: -€328,584
Income statement
- Goods and materials +€6.9m
up €6.9m (+39.0%), from €17.7m to €24.6m
of which Purchases: +€6.8m
- Turnover +€6.4m
up €6.4m (+21.2%), from €30.2m to €36.6m
- Staff costs +€506,130
up €506,130 (+6.8%), from €7.4m to €7.9m
From the 2023 result to the 2024 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.
Result 2023
€317,201
Turnover
+€6.4m
Other operating income
-€79,934
Goods and materials
-€6.9m
Services and other goods
-€331,106
Staff costs
-€506,130
Depreciation
-€10,807
Write-downs
-€150,000
Provisions
+€17,768
Other operating charges
-€1,651
Other operating items
+€1.5m
Financial income
+€3,405
Financial charges
-€21,700
Taxes
-€41,543
Result 2024
€187,759
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€727,511
Investment
-€203,502
Financing
+€989,702
Cash 2023
€493,403
From operations (derived)
-€727,511
Net result for the year
+€187,759
Depreciation
+€84,237
Stocks and contracts
-€160,442
Receivables within one year
-€2.2m
Deferred charges and accrued income
-€6,254
Provisions
-€22,727
Trade debts
+€2.1m
Tax, wage and social debts
-€318,873
Advances received
-€854,500
Other debts
+€453,344
Investment (derived)
-€203,502
Investment in fixed assets (net)
-€203,502
Financing
+€989,702
Debts after one year
-€33,597
Current portion of long-term debt
+€1,512
Short-term financial debts
+€1.2m
Contributions, distributions and other
-€140,000
Cash 2024
€552,092
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,315,587 | €11,862,466 | +€2.5m | +27.3% |
| Fixed assets | 21/28 | €333,347 | €452,611 | +€119,265 | +35.8% |
| Intangible fixed assets | 21 | €3,684 | €203,575 | +€199,892 | +5426.5% |
| Tangible fixed assets | 22/27 | €308,906 | €228,278 | -€80,627 | -26.1% |
| Plant, machinery and equipment | 23 | €143,564 | €143,057 | -€507 | -0.4% |
| Furniture and vehicles | 24 | €70,172 | €80,931 | +€10,759 | +15.3% |
| Other tangible fixed assets | 26 | €7,106 | €4,290 | -€2,816 | -39.6% |
| Assets under construction and advance payments | 27 | €88,064 | - | -€88,064 | |
| Financial fixed assets | 28 | €20,757 | €20,757 | = | 0.0% |
| Other financial fixed assets | 284/8 | €20,757 | €20,757 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €20,757 | €20,757 | = | 0.0% |
| Current assets | 29/58 | €8,982,240 | €11,409,854 | +€2.4m | +27.0% |
| Stocks and contracts in progress | 3 | €716,498 | €876,941 | +€160,442 | +22.4% |
| Stocks | 30/36 | €714,819 | €754,659 | +€39,839 | +5.6% |
| Raw materials and consumables | 30/31 | €714,819 | €754,659 | +€39,839 | +5.6% |
| Contracts in progress | 37 | €1,679 | €122,282 | +€120,603 | +7183.0% |
| Amounts receivable within one year | 40/41 | €7,737,982 | €9,940,210 | +€2.2m | +28.5% |
| Trade receivables | 40 | €7,315,967 | €9,562,688 | +€2.2m | +30.7% |
| Other amounts receivable | 41 | €422,015 | €377,523 | -€44,492 | -10.5% |
| Cash at bank and in hand | 54/58 | €493,403 | €552,092 | +€58,689 | +11.9% |
| Deferred charges and accrued income | 490/1 | €34,357 | €40,612 | +€6,254 | +18.2% |
| Total equity and liabilities | 10/49 | €9,315,587 | €11,862,466 | +€2.5m | +27.3% |
| Equity | 10/15 | €2,693,111 | €2,740,870 | +€47,759 | +1.8% |
| Contributions | 10/11 | €311,500 | €311,500 | = | 0.0% |
| Capital | 10 | €311,500 | €311,500 | = | 0.0% |
| Issued capital | 100 | €311,500 | €311,500 | = | 0.0% |
| Reserves | 13 | €2,381,611 | €2,429,370 | +€47,759 | +2.0% |
| Non-distributable reserves | 130/1 | €31,150 | €31,150 | = | 0.0% |
| Legal reserve | 130 | €31,150 | €31,150 | = | 0.0% |
| Distributable reserves | 133 | €2,350,461 | €2,398,220 | +€47,759 | +2.0% |
| Provisions and deferred taxes | 16 | €22,727 | - | -€22,727 | |
| Provisions for liabilities and charges | 160/5 | €22,727 | - | -€22,727 | |
| Other liabilities and charges | 164/5 | €22,727 | - | -€22,727 | |
| Amounts payable | 17/49 | €6,599,748 | €9,121,595 | +€2.5m | +38.2% |
| Amounts payable after more than one year | 17 | €124,679 | €91,082 | -€33,597 | -26.9% |
| Financial debts | 170/4 | €124,679 | €91,082 | -€33,597 | -26.9% |
| Credit institutions | 173 | €124,679 | €91,082 | -€33,597 | -26.9% |
| Amounts payable within one year | 42/48 | €6,475,069 | €9,030,513 | +€2.6m | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €32,085 | €33,597 | +€1,512 | +4.7% |
| Financial debts | 43 | €1,021,454 | €2,183,241 | +€1.2m | +113.7% |
| Credit institutions | 430/8 | €1,021,454 | €2,183,241 | +€1.2m | +113.7% |
| Trade debts | 44 | €2,423,863 | €4,536,038 | +€2.1m | +87.1% |
| Suppliers | 440/4 | €2,423,863 | €4,536,038 | +€2.1m | +87.1% |
| Advances received on contracts in progress | 46 | €1,960,000 | €1,105,500 | -€854,500 | -43.6% |
| Taxes, remuneration and social security | 45 | €817,667 | €498,794 | -€318,873 | -39.0% |
| Taxes | 450/3 | €51,021 | €60,732 | +€9,711 | +19.0% |
| Remuneration and social security | 454/9 | €766,646 | €438,062 | -€328,584 | -42.9% |
| Other amounts payable | 47/48 | €220,000 | €673,344 | +€453,344 | +206.1% |
| Operating income | 70/76A | €29,167,671 | €36,982,253 | +€7.8m | +26.8% |
| Turnover | 70 | €30,179,798 | €36,585,666 | +€6.4m | +21.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,642,380 | -€188,947 | +€1.5m | +88.5% |
| Other operating income | 74 | €630,254 | €550,320 | -€79,934 | -12.7% |
| Non-recurring operating income | 76A | - | €35,214 | +€35,214 | |
| Operating charges | 60/66A | €28,567,914 | €36,452,100 | +€7.9m | +27.6% |
| Goods for resale, raw materials and consumables | 60 | €17,715,056 | €24,617,316 | +€6.9m | +39.0% |
| Purchases | 600/8 | €17,812,821 | €24,657,155 | +€6.8m | +38.4% |
| Change in stocks: decrease (increase) | 609 | -€97,765 | -€39,839 | +€57,926 | +59.3% |
| Services and other goods | 61 | €3,312,097 | €3,643,203 | +€331,106 | +10.0% |
| Remuneration, social security and pensions | 62 | €7,429,872 | €7,936,002 | +€506,130 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,430 | €84,237 | +€10,807 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €150,000 | +€150,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,200 | -€21,968 | -€17,768 | -423.1% |
| Other operating charges | 640/8 | €41,659 | €43,310 | +€1,651 | +4.0% |
| Operating profit (loss) | 9901 | €599,757 | €530,153 | -€69,604 | -11.6% |
| Financial income | 75/76B | €7,157 | €10,562 | +€3,405 | +47.6% |
| Recurring financial income | 75 | €7,157 | €10,562 | +€3,405 | +47.6% |
| Other financial income | 752/9 | €7,157 | €10,562 | +€3,405 | +47.6% |
| Financial charges | 65/66B | €171,545 | €193,245 | +€21,700 | +12.6% |
| Recurring financial charges | 65 | €171,545 | €193,245 | +€21,700 | +12.6% |
| Debt charges | 650 | €131,660 | €153,995 | +€22,335 | +17.0% |
| Other financial charges | 652/9 | €39,885 | €39,250 | -€635 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €435,369 | €347,470 | -€87,899 | -20.2% |
| Income taxes | 67/77 | €118,168 | €159,711 | +€41,543 | +35.2% |
| Taxes | 670/3 | €118,168 | €160,000 | +€41,832 | +35.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €289 | +€289 | |
| Profit (loss) for the period | 9904 | €317,201 | €187,759 | -€129,442 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €317,201 | €187,759 | -€129,442 | -40.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.