ALFA TOWERS: 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 TOWERS
Largest movements
- Receivables within one year +€2,221
up €2,221 (+4.5%), from €49,050 to €51,271
of which Other amounts receivable: +€37,083
- Tangible fixed assets +€1,013
new in 2025: €1,013
- Reserves +€11,797
up €11,797 (+52.9%), from €22,313 to €34,110
- Trade debts -€8,350
down €8,350 (-86.5%), from €9,655 to €1,305
- Financial charges +€23,785
up €23,785 (+871%), from €2,730 to €26,516
of which Non-recurring financial charges: +€23,252
- Financial income +€13,627
new in 2025: €13,627
of which Financial income: +€13,627
- Other operating charges +€2,041
up €2,041 (+1,133%), from €180 to €2,221
- Taxes -€1,811
down €1,811 (-32.3%), from €5,611 to €3,800
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 | €49,055 | €52,288 | +€3,233 | +6.6% |
| Fixed assets | 21/28 | - | €1,013 | +€1,013 | |
| Tangible fixed assets | 22/27 | - | €1,013 | +€1,013 | |
| Plant, machinery and equipment | 23 | - | €1,013 | +€1,013 | |
| Current assets | 29/58 | €49,055 | €51,274 | +€2,220 | +4.5% |
| Amounts receivable within one year | 40/41 | €49,050 | €51,271 | +€2,221 | +4.5% |
| Trade receivables | 40 | €45,430 | €10,568 | -€34,862 | -76.7% |
| Other amounts receivable | 41 | €3,619 | €40,702 | +€37,083 | +1,025% |
| Cash at bank and in hand | 54/58 | €5 | €4 | -€1 | -22.7% |
| Total equity and liabilities | 10/49 | €49,055 | €52,288 | +€3,233 | +6.6% |
| Equity | 10/15 | €25,313 | €37,110 | +€11,797 | +46.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,313 | €34,110 | +€11,797 | +52.9% |
| Distributable reserves | 133 | €22,313 | €34,110 | +€11,797 | +52.9% |
| Amounts payable | 17/49 | €23,742 | €15,178 | -€8,564 | -36.1% |
| Amounts payable within one year | 42/48 | €23,742 | €15,178 | -€8,564 | -36.1% |
| Trade debts | 44 | €9,655 | €1,305 | -€8,350 | -86.5% |
| Suppliers | 440/4 | €9,655 | €1,305 | -€8,350 | -86.5% |
| Taxes, remuneration and social security | 45 | €14,087 | €13,873 | -€214 | -1.5% |
| Taxes | 450/3 | €13,382 | €13,873 | +€491 | +3.7% |
| Remuneration and social security | 454/9 | €705 | - | -€705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €62 | +€62 | |
| Other operating charges | 640/8 | €180 | €2,221 | +€2,041 | +1,133% |
| Gross operating margin | 9900 | €30,834 | €30,768 | -€65 | -0.2% |
| Operating profit (loss) | 9901 | €30,654 | €28,486 | -€2,168 | -7.1% |
| Financial income | 75/76B | - | €13,627 | +€13,627 | |
| Recurring financial income | 75 | - | €13,627 | +€13,627 | |
| Non-recurring financial income | 76B | - | €13,627 | +€13,627 | |
| Financial charges | 65/66B | €2,730 | €26,516 | +€23,785 | +871% |
| Recurring financial charges | 65 | €2,730 | €3,264 | +€533 | +19.5% |
| Non-recurring financial charges | 66B | - | €23,252 | +€23,252 | |
| Profit (loss) for the period before taxes | 9903 | €27,923 | €15,597 | -€12,326 | -44.1% |
| Income taxes | 67/77 | €5,611 | €3,800 | -€1,811 | -32.3% |
| Profit (loss) for the period | 9904 | €22,313 | €11,797 | -€10,515 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,313 | €11,797 | -€10,515 | -47.1% |
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 21 October 2026 via checked.be.