Alfama: 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.
Alfama
Largest movements
- Deferred charges and accrued income +€5,624
up €5,624 (+59.8%), from €9,406 to €15,031
- Receivables within one year -€4,943
down €4,943 (-82.3%), from €6,005 to €1,061
- Cash +€3,650
up €3,650 (+90.1%), from €4,050 to €7,700
mainly Net result for the year (+€8,595) and Receivables within one year (+€4,943)
- Reserves +€3,595
up €3,595 (+75.5%), from €4,759 to €8,353
- Trade debts -€1,471
down €1,471 (-79.2%), from €1,857 to €386
- Tax, wage and social debts +€1,112
up €1,112 (+11.9%), from €9,345 to €10,457
of which Taxes: +€3,612
- Other debts +€1,096
up €1,096 (+219.1%), from €500 to €1,596
- Gross operating margin -€1,895
down €1,895 (-10.0%), from €18,864 to €16,970
- Financial charges +€1,203
up €1,203 (+42.7%), from €2,819 to €4,022
- Taxes -€270
down €270 (-6.6%), from €4,114 to €3,844
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 | €19,461 | €23,792 | +€4,331 | +22.3% |
| Current assets | 29/58 | €19,461 | €23,792 | +€4,331 | +22.3% |
| Amounts receivable within one year | 40/41 | €6,005 | €1,061 | -€4,943 | -82.3% |
| Trade receivables | 40 | €6,005 | €1,061 | -€4,943 | -82.3% |
| Cash at bank and in hand | 54/58 | €4,050 | €7,700 | +€3,650 | +90.1% |
| Deferred charges and accrued income | 490/1 | €9,406 | €15,031 | +€5,624 | +59.8% |
| Total equity and liabilities | 10/49 | €19,461 | €23,792 | +€4,331 | +22.3% |
| Equity | 10/15 | €7,759 | €11,353 | +€3,595 | +46.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,759 | €8,353 | +€3,595 | +75.5% |
| Distributable reserves | 133 | €4,759 | €8,353 | +€3,595 | +75.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,702 | €12,439 | +€736 | +6.3% |
| Amounts payable within one year | 42/48 | €11,702 | €12,439 | +€736 | +6.3% |
| Trade debts | 44 | €1,857 | €386 | -€1,471 | -79.2% |
| Suppliers | 440/4 | €1,857 | €386 | -€1,471 | -79.2% |
| Taxes, remuneration and social security | 45 | €9,345 | €10,457 | +€1,112 | +11.9% |
| Taxes | 450/3 | €6,845 | €10,457 | +€3,612 | +52.8% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | €500 | €1,596 | +€1,096 | +219.1% |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | €18,864 | €16,970 | -€1,895 | -10.0% |
| Operating profit (loss) | 9901 | €18,477 | €16,450 | -€2,027 | -11.0% |
| Financial income | 75/76B | €1 | €10 | +€10 | +1840.7% |
| Recurring financial income | 75 | €1 | €10 | +€10 | +1840.7% |
| Financial charges | 65/66B | €2,819 | €4,022 | +€1,203 | +42.7% |
| Recurring financial charges | 65 | €2,819 | €4,022 | +€1,203 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €15,658 | €12,438 | -€3,220 | -20.6% |
| Income taxes | 67/77 | €4,114 | €3,844 | -€270 | -6.6% |
| Profit (loss) for the period | 9904 | €11,545 | €8,595 | -€2,950 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,545 | €8,595 | -€2,950 | -25.6% |
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 4 October 2026 via checked.be.