ALFACOR: what changed
Two fiscal 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.
ALFACOR
Largest movements
- Cash +€145,052
up €145,052 (+123.5%), from €117,440 to €262,492
mainly Debts after one year (+€89,882) and Net result for the year (+€85,745)
- Tangible fixed assets +€11,650
up €11,650 (+29.8%), from €39,138 to €50,787
of which Land and buildings: +€22,000
- Debts after one year +€89,882
up €89,882 (+356.1%), from €25,239 to €115,121
- Profit (loss) carried forward +€75,745
up €75,745 (+448.1%), from €16,903 to €92,649
- Tax, wage and social debts -€7,316
down €7,316 (-35.8%), from €20,414 to €13,098
- Gross operating margin +€17,533
up €17,533 (+15.8%), from €110,908 to €128,441
- Taxes +€3,035
up €3,035 (+11.3%), from €26,827 to €29,861
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,791 | €336,330 | +€159,538 | +90.2% |
| Fixed assets | 21/28 | €39,138 | €50,787 | +€11,650 | +29.8% |
| Tangible fixed assets | 22/27 | €39,138 | €50,787 | +€11,650 | +29.8% |
| Land and buildings | 22 | - | €22,000 | +€22,000 | |
| Furniture and vehicles | 24 | €39,138 | €28,787 | -€10,350 | -26.4% |
| Current assets | 29/58 | €137,654 | €285,543 | +€147,889 | +107.4% |
| Amounts receivable within one year | 40/41 | €19,824 | €23,050 | +€3,226 | +16.3% |
| Trade receivables | 40 | €19,706 | €23,050 | +€3,344 | +17.0% |
| Other amounts receivable | 41 | €118 | - | -€118 | |
| Cash at bank and in hand | 54/58 | €117,440 | €262,492 | +€145,052 | +123.5% |
| Deferred charges and accrued income | 490/1 | €390 | - | -€390 | |
| Total equity and liabilities | 10/49 | €176,791 | €336,330 | +€159,538 | +90.2% |
| Equity | 10/15 | €120,698 | €196,443 | +€75,745 | +62.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €101,295 | €101,295 | = | 0.0% |
| Distributable reserves | 133 | €101,295 | €101,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,903 | €92,649 | +€75,745 | +448.1% |
| Amounts payable | 17/49 | €56,093 | €139,886 | +€83,793 | +149.4% |
| Amounts payable after more than one year | 17 | €25,239 | €115,121 | +€89,882 | +356.1% |
| Financial debts | 170/4 | €25,239 | €115,121 | +€89,882 | +356.1% |
| Amounts payable within one year | 42/48 | €30,854 | €24,765 | -€6,089 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €9,680 | €10,118 | +€438 | +4.5% |
| Trade debts | 44 | €447 | €596 | +€149 | +33.2% |
| Suppliers | 440/4 | €447 | €596 | +€149 | +33.2% |
| Taxes, remuneration and social security | 45 | €20,414 | €13,098 | -€7,316 | -35.8% |
| Taxes | 450/3 | €20,414 | €13,098 | -€7,316 | -35.8% |
| Other amounts payable | 47/48 | €314 | €954 | +€640 | +204.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,839 | €12,068 | +€229 | +1.9% |
| Other operating charges | 640/8 | €101 | €103 | +€2 | +2.0% |
| Gross operating margin | 9900 | €110,908 | €128,441 | +€17,533 | +15.8% |
| Operating profit (loss) | 9901 | €98,968 | €116,270 | +€17,302 | +17.5% |
| Financial income | 75/76B | €0 | €794 | +€794 | +7940200.0% |
| Recurring financial income | 75 | €0 | €794 | +€794 | +7940200.0% |
| Financial charges | 65/66B | €1,862 | €1,457 | -€405 | -21.8% |
| Recurring financial charges | 65 | €1,862 | €1,457 | -€405 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €97,106 | €115,607 | +€18,501 | +19.1% |
| Income taxes | 67/77 | €26,827 | €29,861 | +€3,035 | +11.3% |
| Profit (loss) for the period | 9904 | €70,279 | €85,745 | +€15,466 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,279 | €85,745 | +€15,466 | +22.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.