ALFACO: 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.
ALFACO
Largest movements
- Cash -€54,586
down €54,586 (-47.9%), from €114,073 to €59,487
mainly Debts after one year (-€104,732) and Tax, wage and social debts (-€13,795)
- Tangible fixed assets -€23,375
down €23,375 (-3.3%), from €700,779 to €677,404
- Receivables within one year +€13,190
up €13,190 (+293%), from €4,501 to €17,691
of which Trade receivables: +€10,907
- Debts after one year -€104,732
down €104,732 (-20.9%), from €502,075 to €397,343
of which Other amounts payable: -€79,663
- Other debts +€20,085
up €20,085 (+11.3%), from €177,675 to €197,761
- Trade debts +€18,278
up €18,278 (+1,600%), from €1,142 to €19,420
- Reserves +€15,164
up €15,164 (+93.3%), from €16,250 to €31,414
- Tax, wage and social debts -€13,795
down €13,795 (-41.1%), from €33,559 to €19,765
of which Taxes: -€13,891
- Gross operating margin +€6,741
up €6,741 (+3.3%), from €202,921 to €209,662
- Staff costs +€5,818
up €5,818 (+4.4%), from €133,485 to €139,303
- Other operating charges +€3,128
up €3,128 (+19.8%), from €15,813 to €18,940
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 | €819,750 | €755,003 | -€64,747 | -7.9% |
| Fixed assets | 21/28 | €700,779 | €677,404 | -€23,375 | -3.3% |
| Tangible fixed assets | 22/27 | €700,779 | €677,404 | -€23,375 | -3.3% |
| Land and buildings | 22 | €700,779 | €677,404 | -€23,375 | -3.3% |
| Current assets | 29/58 | €118,972 | €77,599 | -€41,372 | -34.8% |
| Amounts receivable within one year | 40/41 | €4,501 | €17,691 | +€13,190 | +293% |
| Trade receivables | 40 | €4,501 | €15,408 | +€10,907 | +242% |
| Other amounts receivable | 41 | - | €2,284 | +€2,284 | |
| Cash at bank and in hand | 54/58 | €114,073 | €59,487 | -€54,586 | -47.9% |
| Deferred charges and accrued income | 490/1 | €397 | €421 | +€23 | +5.9% |
| Total equity and liabilities | 10/49 | €819,750 | €755,003 | -€64,747 | -7.9% |
| Equity | 10/15 | €79,981 | €95,146 | +€15,164 | +19.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €16,250 | €31,414 | +€15,164 | +93.3% |
| Distributable reserves | 133 | €16,250 | €31,414 | +€15,164 | +93.3% |
| Profit (loss) carried forward | 14 | €45,181 | €45,181 | = | 0.0% |
| Amounts payable | 17/49 | €739,769 | €659,857 | -€79,912 | -10.8% |
| Amounts payable after more than one year | 17 | €502,075 | €397,343 | -€104,732 | -20.9% |
| Financial debts | 170/4 | €132,075 | €107,006 | -€25,069 | -19.0% |
| Other amounts payable | 178/9 | €370,000 | €290,337 | -€79,663 | -21.5% |
| Amounts payable within one year | 42/48 | €237,213 | €262,015 | +€24,801 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €24,836 | €25,069 | +€233 | +0.9% |
| Trade debts | 44 | €1,142 | €19,420 | +€18,278 | +1,600% |
| Suppliers | 440/4 | €1,142 | €19,420 | +€18,278 | +1,600% |
| Taxes, remuneration and social security | 45 | €33,559 | €19,765 | -€13,795 | -41.1% |
| Taxes | 450/3 | €16,313 | €2,423 | -€13,891 | -85.1% |
| Remuneration and social security | 454/9 | €17,246 | €17,342 | +€96 | +0.6% |
| Other amounts payable | 47/48 | €177,675 | €197,761 | +€20,085 | +11.3% |
| Accrued charges and deferred income | 492/3 | €480 | €499 | +€19 | +4.0% |
| Remuneration, social security and pensions | 62 | €133,485 | €139,303 | +€5,818 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,375 | €23,375 | = | 0.0% |
| Other operating charges | 640/8 | €15,813 | €18,940 | +€3,128 | +19.8% |
| Gross operating margin | 9900 | €202,921 | €209,662 | +€6,741 | +3.3% |
| Operating profit (loss) | 9901 | €30,248 | €28,044 | -€2,204 | -7.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,108 | €5,165 | +€57 | +1.1% |
| Recurring financial charges | 65 | €5,108 | €5,165 | +€57 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €25,140 | €22,881 | -€2,260 | -9.0% |
| Income taxes | 67/77 | €8,890 | €7,716 | -€1,174 | -13.2% |
| Profit (loss) for the period | 9904 | €16,250 | €15,164 | -€1,086 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,250 | €15,164 | -€1,086 | -6.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.