ALFACOM: 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.
What changed
ALFACOM
NACE 46.500, Wholesale of information and communication equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€11,511
2024 · €29,777-€18,266
Equity
€384,402
2024 · €383,840+€563
Cash
€16,422
2024 · €976+€15,446
Balance sheet total
€2.3m
2024 · €2.4m-€179,054
Largest movements
Assets
- Receivables within one year -€150,666
down €150,666 (-10.4%), from €1.4m to €1.3m
of which Trade receivables: -€327,382
- Stocks and contracts -€36,000
down €36,000 (-15.3%), from €235,000 to €199,000
Equity and liabilities
- Trade debts -€113,863
down €113,863 (-12.2%), from €933,235 to €819,372
- Tax, wage and social debts -€74,454
down €74,454 (-29.3%), from €253,696 to €179,242
of which Taxes: -€65,043
- Current portion of long-term debt +€63,088
up €63,088 (+103.2%), from €61,159 to €124,247
- Short-term financial debts -€36,044
down €36,044 (-7.8%), from €461,044 to €425,000
Income statement
- Gross operating margin -€157,704
down €157,704 (-23.2%), from €679,223 to €521,519
- Staff costs -€129,867
down €129,867 (-25.0%), from €520,386 to €390,519
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.
Result 2024
€29,777
Gross operating margin
-€157,704
Staff costs
+€129,867
Depreciation
-€3,697
Other operating charges
+€6,755
Financial income
-€2,439
Financial charges
+€5,487
Taxes
+€3,466
Result 2025
€11,511
Cash bridge derived
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.
From operations
+€49,335
Investment
-€34,232
Financing
+€343
Cash 2024
€976
From operations (derived)
+€49,335
Net result for the year
+€11,511
Depreciation
+€43,423
Stocks and contracts
+€36,000
Receivables within one year
+€150,666
Deferred charges and accrued income
-€1,357
Trade debts
-€113,863
Tax, wage and social debts
-€74,454
Other debts
-€2,590
Investment (derived)
-€34,232
Investment in fixed assets (net)
-€34,232
Financing
+€343
Debts after one year
-€15,753
Current portion of long-term debt
+€63,088
Short-term financial debts
-€36,044
Contributions, distributions and other
-€10,948
Cash 2025
€16,422
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,432,933 | €2,253,880 | -€179,054 | -7.4% |
| Fixed assets | 21/28 | €285,591 | €276,400 | -€9,191 | -3.2% |
| Tangible fixed assets | 22/27 | €285,491 | €276,299 | -€9,192 | -3.2% |
| Land and buildings | 22 | €258,205 | €231,668 | -€26,536 | -10.3% |
| Plant, machinery and equipment | 23 | €5,581 | €1,726 | -€3,855 | -69.1% |
| Furniture and vehicles | 24 | €21,705 | €42,905 | +€21,199 | +97.7% |
| Financial fixed assets | 28 | €100 | €101 | +€1 | +1.0% |
| Current assets | 29/58 | €2,147,342 | €1,977,480 | -€169,862 | -7.9% |
| Amounts receivable after more than one year | 29 | €420,000 | €420,000 | = | 0.0% |
| Other amounts receivable | 291 | €420,000 | €420,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €235,000 | €199,000 | -€36,000 | -15.3% |
| Stocks | 30/36 | €235,000 | €199,000 | -€36,000 | -15.3% |
| Amounts receivable within one year | 40/41 | €1,443,536 | €1,292,870 | -€150,666 | -10.4% |
| Trade receivables | 40 | €1,156,432 | €829,050 | -€327,382 | -28.3% |
| Other amounts receivable | 41 | €287,104 | €463,820 | +€176,716 | +61.6% |
| Current investments | 50/53 | €14,412 | €14,412 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €976 | €16,422 | +€15,446 | +1582.4% |
| Deferred charges and accrued income | 490/1 | €33,418 | €34,775 | +€1,357 | +4.1% |
| Total equity and liabilities | 10/49 | €2,432,933 | €2,253,880 | -€179,054 | -7.4% |
| Equity | 10/15 | €383,840 | €384,402 | +€563 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €117,713 | €117,713 | = | 0.0% |
| Reserves | 13 | €247,527 | €248,090 | +€563 | +0.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €245,667 | €246,230 | +€563 | +0.2% |
| Amounts payable | 17/49 | €2,049,094 | €1,869,477 | -€179,616 | -8.8% |
| Amounts payable after more than one year | 17 | €316,911 | €301,158 | -€15,753 | -5.0% |
| Financial debts | 170/4 | €316,911 | €301,158 | -€15,753 | -5.0% |
| Amounts payable within one year | 42/48 | €1,732,183 | €1,568,320 | -€163,863 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €61,159 | €124,247 | +€63,088 | +103.2% |
| Financial debts | 43 | €461,044 | €425,000 | -€36,044 | -7.8% |
| Credit institutions | 430/8 | €461,044 | €425,000 | -€36,044 | -7.8% |
| Trade debts | 44 | €933,235 | €819,372 | -€113,863 | -12.2% |
| Suppliers | 440/4 | €933,235 | €819,372 | -€113,863 | -12.2% |
| Advances received on contracts in progress | 46 | €3,157 | €3,157 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €253,696 | €179,242 | -€74,454 | -29.3% |
| Taxes | 450/3 | €176,917 | €111,874 | -€65,043 | -36.8% |
| Remuneration and social security | 454/9 | €76,778 | €67,368 | -€9,411 | -12.3% |
| Other amounts payable | 47/48 | €19,892 | €17,302 | -€2,590 | -13.0% |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €520,386 | €390,519 | -€129,867 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,726 | €43,423 | +€3,697 | +9.3% |
| Other operating charges | 640/8 | €11,894 | €5,140 | -€6,755 | -56.8% |
| Gross operating margin | 9900 | €679,223 | €521,519 | -€157,704 | -23.2% |
| Operating profit (loss) | 9901 | €107,217 | €82,438 | -€24,779 | -23.1% |
| Financial income | 75/76B | €9,667 | €7,228 | -€2,439 | -25.2% |
| Recurring financial income | 75 | €9,667 | €7,228 | -€2,439 | -25.2% |
| Financial charges | 65/66B | €68,570 | €63,082 | -€5,487 | -8.0% |
| Recurring financial charges | 65 | €68,570 | €63,082 | -€5,487 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €48,315 | €26,584 | -€21,731 | -45.0% |
| Income taxes | 67/77 | €18,538 | €15,073 | -€3,466 | -18.7% |
| Profit (loss) for the period | 9904 | €29,777 | €11,511 | -€18,266 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,777 | €11,511 | -€18,266 | -61.3% |
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 9 October 2026 via checked.be.