Alfa Technical Services: 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 Technical Services
Largest movements
- Cash +€49,384
up €49,384 (+78.9%), from €62,569 to €111,953
mainly Net result for the year (+€50,665) and Tax, wage and social debts (+€21,351)
- Receivables within one year +€22,839
up €22,839 (+4.2%), from €544,898 to €567,737
of which Trade receivables: +€35,222
- Reserves +€50,665
up €50,665 (+25.3%), from €200,354 to €251,019
of which Distributable reserves: +€50,665
- Short-term financial debts -€27,204
down €27,204 (-34.8%), from €78,079 to €50,874
- Tax, wage and social debts +€21,351
up €21,351 (+39.3%), from €54,356 to €75,707
of which Remuneration and social security: +€16,388
- Accrued charges and deferred income +€15,377
up €15,377 (+3011.3%), from €511 to €15,888
- Trade debts +€11,945
up €11,945 (+4.7%), from €252,364 to €264,309
- Turnover -€335,093
down €335,093 (-15.1%), from €2.2m to €1.9m
- Staff costs -€279,031
down €279,031 (-29.3%), from €951,149 to €672,118
- Services and other goods -€77,819
down €77,819 (-26.4%), from €294,906 to €217,087
- Other operating income -€62,030
down €62,030 (-71.3%), from €87,023 to €24,993
- Goods and materials -€33,792
down €33,792 (-3.5%), from €969,837 to €936,045
of which Purchases: -€38,499
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 | €647,664 | €719,797 | +€72,133 | +11.1% |
| Fixed assets | 21/28 | €19,272 | €20,919 | +€1,647 | +8.5% |
| Tangible fixed assets | 22/27 | €19,272 | €20,919 | +€1,647 | +8.5% |
| Plant, machinery and equipment | 23 | €5,186 | €5,998 | +€813 | +15.7% |
| Furniture and vehicles | 24 | €14,086 | €14,921 | +€834 | +5.9% |
| Current assets | 29/58 | €628,392 | €698,878 | +€70,486 | +11.2% |
| Stocks and contracts in progress | 3 | €20,632 | €15,925 | -€4,707 | -22.8% |
| Stocks | 30/36 | €20,632 | €15,925 | -€4,707 | -22.8% |
| Raw materials and consumables | 30/31 | €20,632 | €15,925 | -€4,707 | -22.8% |
| Amounts receivable within one year | 40/41 | €544,898 | €567,737 | +€22,839 | +4.2% |
| Trade receivables | 40 | €506,849 | €542,072 | +€35,222 | +6.9% |
| Other amounts receivable | 41 | €38,048 | €25,665 | -€12,383 | -32.5% |
| Cash at bank and in hand | 54/58 | €62,569 | €111,953 | +€49,384 | +78.9% |
| Deferred charges and accrued income | 490/1 | €293 | €3,263 | +€2,970 | +1013.7% |
| Total equity and liabilities | 10/49 | €647,664 | €719,797 | +€72,133 | +11.1% |
| Equity | 10/15 | €262,354 | €313,019 | +€50,665 | +19.3% |
| 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 | €200,354 | €251,019 | +€50,665 | +25.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €194,154 | €244,819 | +€50,665 | +26.1% |
| Amounts payable | 17/49 | €385,309 | €406,778 | +€21,468 | +5.6% |
| Amounts payable within one year | 42/48 | €384,799 | €390,890 | +€6,091 | +1.6% |
| Financial debts | 43 | €78,079 | €50,874 | -€27,204 | -34.8% |
| Credit institutions | 430/8 | €78,079 | €50,874 | -€27,204 | -34.8% |
| Trade debts | 44 | €252,364 | €264,309 | +€11,945 | +4.7% |
| Suppliers | 440/4 | €252,364 | €264,309 | +€11,945 | +4.7% |
| Taxes, remuneration and social security | 45 | €54,356 | €75,707 | +€21,351 | +39.3% |
| Taxes | 450/3 | €12,184 | €17,147 | +€4,963 | +40.7% |
| Remuneration and social security | 454/9 | €42,172 | €58,560 | +€16,388 | +38.9% |
| Accrued charges and deferred income | 492/3 | €511 | €15,888 | +€15,377 | +3011.3% |
| Operating income | 70/76A | €2,311,192 | €1,914,069 | -€397,123 | -17.2% |
| Turnover | 70 | €2,224,169 | €1,889,076 | -€335,093 | -15.1% |
| Other operating income | 74 | €87,023 | €24,993 | -€62,030 | -71.3% |
| Operating charges | 60/66A | €2,226,048 | €1,831,420 | -€394,628 | -17.7% |
| Goods for resale, raw materials and consumables | 60 | €969,837 | €936,045 | -€33,792 | -3.5% |
| Purchases | 600/8 | €969,837 | €931,338 | -€38,499 | -4.0% |
| Change in stocks: decrease (increase) | 609 | - | €4,707 | +€4,707 | |
| Services and other goods | 61 | €294,906 | €217,087 | -€77,819 | -26.4% |
| Remuneration, social security and pensions | 62 | €951,149 | €672,118 | -€279,031 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,677 | €5,011 | -€2,666 | -34.7% |
| Other operating charges | 640/8 | €2,479 | €1,159 | -€1,320 | -53.3% |
| Operating profit (loss) | 9901 | €85,144 | €82,649 | -€2,495 | -2.9% |
| Financial income | 75/76B | €3,583 | €2,000 | -€1,583 | -44.2% |
| Recurring financial income | 75 | €3,583 | €2,000 | -€1,583 | -44.2% |
| Other financial income | 752/9 | €3,583 | €2,000 | -€1,583 | -44.2% |
| Financial charges | 65/66B | €19,973 | €11,838 | -€8,136 | -40.7% |
| Recurring financial charges | 65 | €19,973 | €11,838 | -€8,136 | -40.7% |
| Debt charges | 650 | €16,860 | €9,767 | -€7,094 | -42.1% |
| Other financial charges | 652/9 | €3,113 | €2,071 | -€1,042 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €68,754 | €72,812 | +€4,058 | +5.9% |
| Income taxes | 67/77 | €22,791 | €22,147 | -€644 | -2.8% |
| Taxes | 670/3 | €23,000 | €23,000 | = | 0.0% |
| Tax adjustments and reversals of tax provisions | 77 | €209 | €853 | +€644 | +308.2% |
| Profit (loss) for the period | 9904 | €45,963 | €50,665 | +€4,702 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,963 | €50,665 | +€4,702 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.