ALFABETWETER: 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.
ALFABETWETER
Largest movements
- Cash -€54,683
down €54,683 (-59.7%), from €91,570 to €36,888
mainly Other debts (-€38,809) and Net result for the year (-€10,147)
- Tangible fixed assets -€10,093
down €10,093 (-25.6%), from €39,441 to €29,348
of which Furniture and vehicles: -€9,104
- Receivables within one year -€3,131
down €3,131 (-10.9%), from €28,741 to €25,610
of which Trade receivables: -€4,386
- Other debts -€38,809
down €38,809 (-96.9%), from €40,048 to €1,240
- Trade debts -€7,550
no longer reported in 2025 (was €7,550)
- Reserves -€6,633
down €6,633 (-8.9%), from €74,187 to €67,554
- Debts after one year -€6,029
down €6,029 (-34.2%), from €17,645 to €11,616
- Profit (loss) carried forward -€3,514
new in 2025: -€3,514
- Gross operating margin -€19,114
down €19,114 (-96.3%), from €19,859 to €744
- Taxes -€4,980
down €4,980, from €3,729 to -€1,252
- Financial charges -€3,041
down €3,041 (-69.6%), from €4,368 to €1,327
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 | €162,789 | €94,935 | -€67,853 | -41.7% |
| Fixed assets | 21/28 | €39,441 | €29,348 | -€10,093 | -25.6% |
| Tangible fixed assets | 22/27 | €39,441 | €29,348 | -€10,093 | -25.6% |
| Land and buildings | 22 | €2,834 | €2,076 | -€758 | -26.7% |
| Plant, machinery and equipment | 23 | €237 | €6 | -€231 | -97.5% |
| Furniture and vehicles | 24 | €36,370 | €27,266 | -€9,104 | -25.0% |
| Current assets | 29/58 | €123,347 | €65,587 | -€57,760 | -46.8% |
| Amounts receivable within one year | 40/41 | €28,741 | €25,610 | -€3,131 | -10.9% |
| Trade receivables | 40 | €18,455 | €14,069 | -€4,386 | -23.8% |
| Other amounts receivable | 41 | €10,286 | €11,542 | +€1,256 | +12.2% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,570 | €36,888 | -€54,683 | -59.7% |
| Deferred charges and accrued income | 490/1 | €2,536 | €2,589 | +€54 | +2.1% |
| Total equity and liabilities | 10/49 | €162,789 | €94,935 | -€67,853 | -41.7% |
| Equity | 10/15 | €80,387 | €70,240 | -€10,147 | -12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,187 | €67,554 | -€6,633 | -8.9% |
| Distributable reserves | 133 | €74,187 | €67,554 | -€6,633 | -8.9% |
| Profit (loss) carried forward | 14 | - | -€3,514 | -€3,514 | |
| Amounts payable | 17/49 | €82,401 | €24,695 | -€57,706 | -70.0% |
| Amounts payable after more than one year | 17 | €17,645 | €11,616 | -€6,029 | -34.2% |
| Financial debts | 170/4 | €17,645 | €11,616 | -€6,029 | -34.2% |
| Amounts payable within one year | 42/48 | €64,756 | €13,079 | -€51,677 | -79.8% |
| Current portion of amounts payable after more than one year | 42 | €5,824 | €6,031 | +€207 | +3.6% |
| Financial debts | 43 | €3,249 | - | -€3,249 | |
| Credit institutions | 430/8 | €3,249 | - | -€3,249 | |
| Trade debts | 44 | €7,550 | - | -€7,550 | |
| Suppliers | 440/4 | €7,550 | - | -€7,550 | |
| Taxes, remuneration and social security | 45 | €8,085 | €5,809 | -€2,276 | -28.2% |
| Taxes | 450/3 | €5,560 | €5,809 | +€249 | +4.5% |
| Remuneration and social security | 454/9 | €2,525 | - | -€2,525 | |
| Other amounts payable | 47/48 | €40,048 | €1,240 | -€38,809 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,093 | €10,093 | = | 0.0% |
| Other operating charges | 640/8 | €695 | €750 | +€55 | +7.9% |
| Gross operating margin | 9900 | €19,859 | €744 | -€19,114 | -96.3% |
| Operating profit (loss) | 9901 | €9,070 | -€10,099 | -€19,169 | |
| Financial income | 75/76B | €58 | €28 | -€30 | -52.0% |
| Recurring financial income | 75 | €58 | €28 | -€30 | -52.0% |
| Financial charges | 65/66B | €4,368 | €1,327 | -€3,041 | -69.6% |
| Recurring financial charges | 65 | €4,368 | €1,327 | -€3,041 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €4,760 | -€11,398 | -€16,158 | |
| Income taxes | 67/77 | €3,729 | -€1,252 | -€4,980 | |
| Profit (loss) for the period | 9904 | €1,031 | -€10,147 | -€11,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,031 | -€10,147 | -€11,178 |
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 23 October 2026 via checked.be.