ALFALU: 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.
ALFALU
Largest movements
- Cash +€25,526
up €25,526 (+17.9%), from €142,715 to €168,241
mainly Net result for the year (+€14,151) and Depreciation (+€11,200)
- Tangible fixed assets -€11,200
down €11,200 (-23.5%), from €47,579 to €36,379
of which Furniture and vehicles: -€10,039
- Receivables within one year -€5,589
down €5,589 (-43.8%), from €12,759 to €7,169
of which Trade receivables: -€6,452
- Stocks and contracts -€4,758
down €4,758 (-44.1%), from €10,785 to €6,027
- Reserves +€14,151
up €14,151 (+10.9%), from €129,463 to €143,615
of which Distributable reserves: +€14,151
- Trade debts -€6,329
down €6,329 (-91.1%), from €6,947 to €617
- Tax, wage and social debts -€3,637
down €3,637 (-26.1%), from €13,928 to €10,291
- Depreciation +€5,732
up €5,732 (+104.8%), from €5,468 to €11,200
- Gross operating margin +€5,079
up €5,079 (+20.2%), from €25,128 to €30,206
- Taxes -€613
down €613 (-8.2%), from €7,493 to €6,880
- Financial income -€591
down €591 (-17.6%), from €3,361 to €2,770
of which Non-recurring financial income: -€401
- Other operating charges -€481
down €481 (-41.1%), from €1,171 to €690
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 | €215,001 | €218,960 | +€3,959 | +1.8% |
| Fixed assets | 21/28 | €47,579 | €36,379 | -€11,200 | -23.5% |
| Tangible fixed assets | 22/27 | €47,579 | €36,379 | -€11,200 | -23.5% |
| Plant, machinery and equipment | 23 | €6,274 | €5,113 | -€1,161 | -18.5% |
| Furniture and vehicles | 24 | €41,305 | €31,266 | -€10,039 | -24.3% |
| Current assets | 29/58 | €167,422 | €182,581 | +€15,159 | +9.1% |
| Stocks and contracts in progress | 3 | €10,785 | €6,027 | -€4,758 | -44.1% |
| Stocks | 30/36 | €10,785 | €6,027 | -€4,758 | -44.1% |
| Amounts receivable within one year | 40/41 | €12,759 | €7,169 | -€5,589 | -43.8% |
| Trade receivables | 40 | €12,759 | €6,307 | -€6,452 | -50.6% |
| Other amounts receivable | 41 | - | €863 | +€863 | |
| Cash at bank and in hand | 54/58 | €142,715 | €168,241 | +€25,526 | +17.9% |
| Deferred charges and accrued income | 490/1 | €1,163 | €1,143 | -€20 | -1.7% |
| Total equity and liabilities | 10/49 | €215,001 | €218,960 | +€3,959 | +1.8% |
| Equity | 10/15 | €193,900 | €208,052 | +€14,151 | +7.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €129,463 | €143,615 | +€14,151 | +10.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €123,313 | €137,465 | +€14,151 | +11.5% |
| Profit (loss) carried forward | 14 | €2,937 | €2,937 | = | 0.0% |
| Amounts payable | 17/49 | €21,101 | €10,909 | -€10,192 | -48.3% |
| Amounts payable within one year | 42/48 | €21,101 | €10,909 | -€10,192 | -48.3% |
| Trade debts | 44 | €6,947 | €617 | -€6,329 | -91.1% |
| Suppliers | 440/4 | €6,947 | €617 | -€6,329 | -91.1% |
| Taxes, remuneration and social security | 45 | €13,928 | €10,291 | -€3,637 | -26.1% |
| Taxes | 450/3 | €13,928 | €10,291 | -€3,637 | -26.1% |
| Other amounts payable | 47/48 | €226 | - | -€226 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,468 | €11,200 | +€5,732 | +104.8% |
| Other operating charges | 640/8 | €1,171 | €690 | -€481 | -41.1% |
| Gross operating margin | 9900 | €25,128 | €30,206 | +€5,079 | +20.2% |
| Operating profit (loss) | 9901 | €18,489 | €18,317 | -€172 | -0.9% |
| Financial income | 75/76B | €3,361 | €2,770 | -€591 | -17.6% |
| Recurring financial income | 75 | €2,960 | €2,770 | -€190 | -6.4% |
| Non-recurring financial income | 76B | €401 | - | -€401 | |
| Financial charges | 65/66B | €99 | €56 | -€43 | -43.6% |
| Recurring financial charges | 65 | €99 | €56 | -€43 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €21,752 | €21,031 | -€721 | -3.3% |
| Income taxes | 67/77 | €7,493 | €6,880 | -€613 | -8.2% |
| Profit (loss) for the period | 9904 | €14,258 | €14,151 | -€107 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,258 | €14,151 | -€107 | -0.8% |
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 8 October 2026 via checked.be.