ALFABET: what changed
What changed
ALFABET
NACE 18.120, Other printing
filed annual accounts (NBB)
Net result for the year
€97,926
2024 · €97,790+€137
Equity
€610,178
2024 · €534,986+€75,192
Cash
€225,117
2024 · €322,331-€97,215
Balance sheet total
€738,177
2024 · €657,224+€80,953
Largest movements
Assets
- Current investments +€200,000
new in 2025: €200,000
- Cash -€97,215
down €97,215 (-30.2%), from €322,331 to €225,117
mainly Current investments (-€200,000) and Investment in fixed assets (net) (-€34,838)
- Tangible fixed assets -€23,835
down €23,835 (-11.6%), from €206,187 to €182,352
of which Plant, machinery and equipment: -€18,124
Equity and liabilities
- Reserves +€75,192
up €75,192 (+21.9%), from €342,986 to €418,178
of which Distributable reserves: +€75,192
- Other debts +€36,600
up €36,600 (+118%), from €30,908 to €67,509
- Trade debts -€23,947
down €23,947 (-86.3%), from €27,765 to €3,817
Income statement
- Depreciation -€18,055
down €18,055 (-23.5%), from €76,728 to €58,673
- Gross operating margin -€13,738
down €13,738 (-3.3%), from €411,051 to €397,313
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€97,790
Gross operating margin
-€13,738
Staff costs
-€2,639
Depreciation
+€18,055
Other operating charges
+€235
Financial income
+€708
Financial charges
-€971
Taxes
-€1,513
Result 2025
€97,926
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€160,357
Investment
-€234,838
Financing
-€22,734
Cash 2024
€322,331
From operations (derived)
+€160,357
Net result for the year
+€97,926
Depreciation
+€58,673
Stocks and contracts
+€3,392
Receivables within one year
-€1,547
Deferred charges and accrued income
-€3,849
Trade debts
-€23,947
Tax, wage and social debts
-€2,246
Other debts
+€36,600
Accrued charges and deferred income
-€4,645
Investment (derived)
-€234,838
Investment in fixed assets (net)
-€34,838
Current investments
-€200,000
Financing
-€22,734
Contributions, distributions and other
-€22,734
Cash 2025
€225,117
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €657,224 | €738,177 | +€80,953 | +12.3% |
| Fixed assets | 21/28 | €206,206 | €182,370 | -€23,835 | -11.6% |
| Tangible fixed assets | 22/27 | €206,187 | €182,352 | -€23,835 | -11.6% |
| Plant, machinery and equipment | 23 | €189,771 | €171,647 | -€18,124 | -9.6% |
| Furniture and vehicles | 24 | €16,416 | €10,704 | -€5,712 | -34.8% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €451,018 | €555,807 | +€104,789 | +23.2% |
| Stocks and contracts in progress | 3 | €23,425 | €20,033 | -€3,392 | -14.5% |
| Stocks | 30/36 | €23,425 | €20,033 | -€3,392 | -14.5% |
| Amounts receivable within one year | 40/41 | €101,090 | €102,637 | +€1,547 | +1.5% |
| Trade receivables | 40 | €92,371 | €96,023 | +€3,652 | +4.0% |
| Other amounts receivable | 41 | €8,719 | €6,613 | -€2,106 | -24.1% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €322,331 | €225,117 | -€97,215 | -30.2% |
| Deferred charges and accrued income | 490/1 | €4,172 | €8,021 | +€3,849 | +92.2% |
| Total equity and liabilities | 10/49 | €657,224 | €738,177 | +€80,953 | +12.3% |
| Equity | 10/15 | €534,986 | €610,178 | +€75,192 | +14.1% |
| Contributions | 10/11 | €192,000 | €192,000 | = | 0.0% |
| Reserves | 13 | €342,986 | €418,178 | +€75,192 | +21.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €342,986 | €418,178 | +€75,192 | +21.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €122,238 | €127,999 | +€5,761 | +4.7% |
| Amounts payable within one year | 42/48 | €112,609 | €123,015 | +€10,406 | +9.2% |
| Trade debts | 44 | €27,765 | €3,817 | -€23,947 | -86.3% |
| Suppliers | 440/4 | €27,765 | €3,817 | -€23,947 | -86.3% |
| Taxes, remuneration and social security | 45 | €53,936 | €51,690 | -€2,246 | -4.2% |
| Taxes | 450/3 | €27,795 | €37,508 | +€9,713 | +34.9% |
| Remuneration and social security | 454/9 | €26,141 | €14,182 | -€11,959 | -45.7% |
| Other amounts payable | 47/48 | €30,908 | €67,509 | +€36,600 | +118% |
| Accrued charges and deferred income | 492/3 | €9,629 | €4,984 | -€4,645 | -48.2% |
| Remuneration, social security and pensions | 62 | €189,180 | €191,819 | +€2,639 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,728 | €58,673 | -€18,055 | -23.5% |
| Other operating charges | 640/8 | €7,831 | €7,596 | -€235 | -3.0% |
| Gross operating margin | 9900 | €411,051 | €397,313 | -€13,738 | -3.3% |
| Operating profit (loss) | 9901 | €137,312 | €139,225 | +€1,913 | +1.4% |
| Financial income | 75/76B | €2,480 | €3,188 | +€708 | +28.5% |
| Recurring financial income | 75 | €2,480 | €3,188 | +€708 | +28.5% |
| Financial charges | 65/66B | €2,513 | €3,484 | +€971 | +38.7% |
| Recurring financial charges | 65 | €2,513 | €3,484 | +€971 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €137,279 | €138,929 | +€1,650 | +1.2% |
| Income taxes | 67/77 | €39,489 | €41,002 | +€1,513 | +3.8% |
| Profit (loss) for the period | 9904 | €97,790 | €97,926 | +€137 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,790 | €97,926 | +€137 | +0.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.