Alfacharcoal: 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.
Alfacharcoal
Largest movements
- Stocks and contracts +€5.5m
new in 2025: €5.5m
- Financial fixed assets +€1.9m
up €1.9m (+38,383,838%), from €5 to €1.9m
- Cash +€514,061
up €514,061 (+4,449%), from €11,554 to €525,615
mainly Advances received (+€8.4m) and Trade debts (+€342,978)
- Intangible fixed assets +€392,934
up €392,934 (+77.1%), from €509,872 to €902,805
- Receivables within one year +€234,738
up €234,738 (+485%), from €48,415 to €283,153
of which Trade receivables: +€256,601
- Advances received +€8.4m
new in 2025: €8.4m
- Trade debts +€342,978
up €342,978 (+122%), from €279,984 to €622,962
- Accrued charges and deferred income -€102,000
down €102,000 (-97.1%), from €105,000 to €3,000
- Gross operating margin -€59,403
down €59,403 (-79.4%), from €74,802 to €15,399
- Depreciation +€24,225
up €24,225 (+76.3%), from €31,765 to €55,990
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 | €578,269 | €9,108,930 | +€8.5m | +1,475% |
| Fixed assets | 21/28 | €514,320 | €2,805,349 | +€2.3m | +445% |
| Intangible fixed assets | 21 | €509,872 | €902,805 | +€392,934 | +77.1% |
| Tangible fixed assets | 22/27 | €4,443 | €2,539 | -€1,904 | -42.9% |
| Plant, machinery and equipment | 23 | €4,443 | €2,539 | -€1,904 | -42.9% |
| Financial fixed assets | 28 | €5 | €1,900,005 | +€1.9m | +38,383,838% |
| Current assets | 29/58 | €63,950 | €6,303,581 | +€6.2m | +9,757% |
| Stocks and contracts in progress | 3 | - | €5,473,892 | +€5.5m | |
| Contracts in progress | 37 | - | €5,473,892 | +€5.5m | |
| Amounts receivable within one year | 40/41 | €48,415 | €283,153 | +€234,738 | +485% |
| Trade receivables | 40 | €0 | €256,601 | +€256,601 | |
| Other amounts receivable | 41 | €48,415 | €26,552 | -€21,863 | -45.2% |
| Cash at bank and in hand | 54/58 | €11,554 | €525,615 | +€514,061 | +4,449% |
| Deferred charges and accrued income | 490/1 | €3,980 | €20,921 | +€16,940 | +426% |
| Total equity and liabilities | 10/49 | €578,269 | €9,108,930 | +€8.5m | +1,475% |
| Equity | 10/15 | -€221,220 | -€263,218 | -€41,999 | -19.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,770 | -€281,768 | -€41,999 | -17.5% |
| Amounts payable | 17/49 | €799,489 | €9,372,148 | +€8.6m | +1,072% |
| Amounts payable within one year | 42/48 | €694,489 | €9,369,148 | +€8.7m | +1,249% |
| Trade debts | 44 | €279,984 | €622,962 | +€342,978 | +122% |
| Suppliers | 440/4 | €279,984 | €622,962 | +€342,978 | +122% |
| Advances received on contracts in progress | 46 | - | €8,411,218 | +€8.4m | |
| Other amounts payable | 47/48 | €414,505 | €334,968 | -€79,537 | -19.2% |
| Accrued charges and deferred income | 492/3 | €105,000 | €3,000 | -€102,000 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,765 | €55,990 | +€24,225 | +76.3% |
| Other operating charges | 640/8 | €141 | €154 | +€13 | +9.6% |
| Gross operating margin | 9900 | €74,802 | €15,399 | -€59,403 | -79.4% |
| Operating profit (loss) | 9901 | €42,896 | -€40,745 | -€83,641 | |
| Financial charges | 65/66B | €580 | €1,254 | +€674 | +116% |
| Recurring financial charges | 65 | €580 | €1,254 | +€674 | +116% |
| Profit (loss) for the period before taxes | 9903 | €42,317 | -€41,999 | -€84,315 | |
| Profit (loss) for the period | 9904 | €42,317 | -€41,999 | -€84,315 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,317 | -€41,999 | -€84,315 |
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 25 October 2026 via checked.be.