ALFALOUSS: 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.
ALFALOUSS
Largest movements
- Receivables within one year +€65,917
up €65,917 (+17.7%), from €371,504 to €437,421
of which Other amounts receivable: +€98,729
- Cash +€63,414
up €63,414 (+28.0%), from €226,308 to €289,722
mainly Net result for the year (+€91,658) and Depreciation (+€47,739)
- Deferred charges and accrued income +€14,697
up €14,697 (+121.6%), from €12,082 to €26,779
- Tangible fixed assets -€13,199
down €13,199 (-6.4%), from €206,487 to €193,289
of which Leasing and similar rights: -€28,200
- Reserves +€91,658
up €91,658 (+61.5%), from €149,030 to €240,688
of which Distributable reserves: +€91,658
- Trade debts +€33,923
up €33,923 (+23.0%), from €147,480 to €181,403
- Tax, wage and social debts +€28,247
up €28,247 (+31.4%), from €89,893 to €118,141
of which Taxes: +€34,687
- Debts after one year -€22,461
down €22,461 (-16.4%), from €136,979 to €114,518
- Gross operating margin +€123,188
up €123,188 (+24.1%), from €510,328 to €633,516
- Taxes +€47,064
up €47,064 (+682.1%), from €6,900 to €53,964
- Staff costs +€41,284
up €41,284 (+10.9%), from €378,299 to €419,583
- Depreciation +€18,811
up €18,811 (+65.0%), from €28,928 to €47,739
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,010,196 | €1,141,563 | +€131,368 | +13.0% |
| Fixed assets | 21/28 | €210,561 | €197,362 | -€13,199 | -6.3% |
| Tangible fixed assets | 22/27 | €206,487 | €193,289 | -€13,199 | -6.4% |
| Plant, machinery and equipment | 23 | €3,567 | €3,567 | = | 0.0% |
| Furniture and vehicles | 24 | €59,693 | €77,212 | +€17,519 | +29.3% |
| Leasing and similar rights | 25 | €133,813 | €105,613 | -€28,200 | -21.1% |
| Other tangible fixed assets | 26 | €9,415 | €6,897 | -€2,518 | -26.7% |
| Financial fixed assets | 28 | €4,073 | €4,073 | = | 0.0% |
| Current assets | 29/58 | €799,635 | €944,201 | +€144,566 | +18.1% |
| Amounts receivable after more than one year | 29 | €178,084 | €178,084 | = | 0.0% |
| Trade receivables | 290 | €178,084 | €178,084 | = | 0.0% |
| Stocks and contracts in progress | 3 | €11,656 | €12,195 | +€538 | +4.6% |
| Stocks | 30/36 | €11,656 | €12,195 | +€538 | +4.6% |
| Amounts receivable within one year | 40/41 | €371,504 | €437,421 | +€65,917 | +17.7% |
| Trade receivables | 40 | €367,947 | €335,135 | -€32,812 | -8.9% |
| Other amounts receivable | 41 | €3,557 | €102,286 | +€98,729 | +2775.3% |
| Cash at bank and in hand | 54/58 | €226,308 | €289,722 | +€63,414 | +28.0% |
| Deferred charges and accrued income | 490/1 | €12,082 | €26,779 | +€14,697 | +121.6% |
| Total equity and liabilities | 10/49 | €1,010,196 | €1,141,563 | +€131,368 | +13.0% |
| Equity | 10/15 | €602,443 | €694,101 | +€91,658 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,030 | €240,688 | +€91,658 | +61.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €147,170 | €238,828 | +€91,658 | +62.3% |
| Profit (loss) carried forward | 14 | €403,589 | €403,589 | = | 0.0% |
| Investment grants | 15 | €31,224 | €31,224 | = | 0.0% |
| Provisions and deferred taxes | 16 | €22,700 | €22,700 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €22,700 | €22,700 | = | 0.0% |
| Environmental obligations | 163 | €22,700 | €22,700 | = | 0.0% |
| Amounts payable | 17/49 | €385,052 | €424,762 | +€39,710 | +10.3% |
| Amounts payable after more than one year | 17 | €136,979 | €114,518 | -€22,461 | -16.4% |
| Financial debts | 170/4 | €136,979 | €114,518 | -€22,461 | -16.4% |
| Amounts payable within one year | 42/48 | €248,073 | €310,244 | +€62,170 | +25.1% |
| Trade debts | 44 | €147,480 | €181,403 | +€33,923 | +23.0% |
| Suppliers | 440/4 | €147,480 | €181,403 | +€33,923 | +23.0% |
| Taxes, remuneration and social security | 45 | €89,893 | €118,141 | +€28,247 | +31.4% |
| Taxes | 450/3 | €10,522 | €45,209 | +€34,687 | +329.7% |
| Remuneration and social security | 454/9 | €79,371 | €72,932 | -€6,440 | -8.1% |
| Other amounts payable | 47/48 | €10,700 | €10,700 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €378,299 | €419,583 | +€41,284 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,928 | €47,739 | +€18,811 | +65.0% |
| Other operating charges | 640/8 | €7,093 | €9,397 | +€2,305 | +32.5% |
| Non-recurring operating charges | 66A | €232 | €232 | = | 0.0% |
| Gross operating margin | 9900 | €510,328 | €633,516 | +€123,188 | +24.1% |
| Operating profit (loss) | 9901 | €95,777 | €156,565 | +€60,788 | +63.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +40.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +40.0% |
| Financial charges | 65/66B | €16,067 | €10,942 | -€5,124 | -31.9% |
| Recurring financial charges | 65 | €16,067 | €10,942 | -€5,124 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €79,710 | €145,622 | +€65,912 | +82.7% |
| Income taxes | 67/77 | €6,900 | €53,964 | +€47,064 | +682.1% |
| Profit (loss) for the period | 9904 | €72,810 | €91,658 | +€18,848 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,810 | €91,658 | +€18,848 | +25.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.