ALFAMET: 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.
ALFAMET
Largest movements
- Cash -€548,987
down €548,987 (-68.1%), from €806,218 to €257,231
mainly Other debts (-€255,830) and Trade debts (-€254,107)
- Stocks and contracts +€138,410
up €138,410 (+81.1%), from €170,600 to €309,010
- Tangible fixed assets +€116,735
up €116,735 (+63.0%), from €185,426 to €302,161
of which Plant, machinery and equipment: +€116,541
- Receivables within one year -€67,392
down €67,392 (-3.3%), from €2.0m to €1.9m
of which Trade receivables: -€34,578
- Other debts -€255,830
down €255,830 (-85.1%), from €300,719 to €44,890
- Trade debts -€254,107
down €254,107 (-22.5%), from €1.1m to €875,740
- Provisions +€148,000
up €148,000 (+28.2%), from €524,000 to €672,000
- Reserves +€77,908
up €77,908 (+8.0%), from €975,401 to €1.1m
of which Distributable reserves: +€77,908
- Tax, wage and social debts -€77,205
down €77,205 (-51.2%), from €150,853 to €73,648
of which Taxes: -€86,798
- Write-downs +€163,500
up €163,500, from -€15,500 to €148,000
- Gross operating margin -€136,598
down €136,598 (-21.6%), from €633,086 to €496,487
- Taxes -€103,751
down €103,751 (-75.7%), from €137,146 to €33,395
- Staff costs -€18,029
down €18,029 (-11.0%), from €163,451 to €145,422
- Other operating charges +€13,659
up €13,659 (+37.2%), from €36,725 to €50,384
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.
Derived cash bridge
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 | €3,186,132 | €2,824,899 | -€361,233 | -11.3% |
| Fixed assets | 21/28 | €195,426 | €312,161 | +€116,735 | +59.7% |
| Tangible fixed assets | 22/27 | €185,426 | €302,161 | +€116,735 | +63.0% |
| Land and buildings | 22 | €67,135 | €64,984 | -€2,151 | -3.2% |
| Plant, machinery and equipment | 23 | €117,790 | €234,331 | +€116,541 | +98.9% |
| Furniture and vehicles | 24 | €501 | €2,846 | +€2,345 | +468% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €2,990,706 | €2,512,737 | -€477,969 | -16.0% |
| Stocks and contracts in progress | 3 | €170,600 | €309,010 | +€138,410 | +81.1% |
| Stocks | 30/36 | €170,600 | €309,010 | +€138,410 | +81.1% |
| Amounts receivable within one year | 40/41 | €2,013,888 | €1,946,497 | -€67,392 | -3.3% |
| Trade receivables | 40 | €1,882,616 | €1,848,037 | -€34,578 | -1.8% |
| Other amounts receivable | 41 | €131,273 | €98,459 | -€32,813 | -25.0% |
| Cash at bank and in hand | 54/58 | €806,218 | €257,231 | -€548,987 | -68.1% |
| Total equity and liabilities | 10/49 | €3,186,132 | €2,824,899 | -€361,233 | -11.3% |
| Equity | 10/15 | €1,080,713 | €1,158,620 | +€77,908 | +7.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €975,401 | €1,053,309 | +€77,908 | +8.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,650 | €55,650 | = | 0.0% |
| Distributable reserves | 133 | €917,273 | €995,180 | +€77,908 | +8.5% |
| Profit (loss) carried forward | 14 | €80,522 | €80,522 | = | 0.0% |
| Provisions and deferred taxes | 16 | €524,000 | €672,000 | +€148,000 | +28.2% |
| Provisions for liabilities and charges | 160/5 | €524,000 | €672,000 | +€148,000 | +28.2% |
| Other liabilities and charges | 164/5 | €524,000 | €672,000 | +€148,000 | +28.2% |
| Amounts payable | 17/49 | €1,581,419 | €994,278 | -€587,141 | -37.1% |
| Amounts payable within one year | 42/48 | €1,581,419 | €994,278 | -€587,141 | -37.1% |
| Trade debts | 44 | €1,129,847 | €875,740 | -€254,107 | -22.5% |
| Suppliers | 440/4 | €1,129,847 | €875,740 | -€254,107 | -22.5% |
| Taxes, remuneration and social security | 45 | €150,853 | €73,648 | -€77,205 | -51.2% |
| Taxes | 450/3 | €143,894 | €57,095 | -€86,798 | -60.3% |
| Remuneration and social security | 454/9 | €6,959 | €16,553 | +€9,594 | +138% |
| Other amounts payable | 47/48 | €300,719 | €44,890 | -€255,830 | -85.1% |
| Remuneration, social security and pensions | 62 | €163,451 | €145,422 | -€18,029 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,685 | €27,454 | +€4,769 | +21.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,500 | €148,000 | +€163,500 | |
| Other operating charges | 640/8 | €36,725 | €50,384 | +€13,659 | +37.2% |
| Gross operating margin | 9900 | €633,086 | €496,487 | -€136,598 | -21.6% |
| Operating profit (loss) | 9901 | €425,725 | €125,227 | -€300,498 | -70.6% |
| Financial income | 75/76B | €24 | €358 | +€335 | +1,413% |
| Recurring financial income | 75 | €24 | €358 | +€335 | +1,413% |
| Financial charges | 65/66B | €22,633 | €14,283 | -€8,350 | -36.9% |
| Recurring financial charges | 65 | €22,633 | €14,283 | -€8,350 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €403,115 | €111,302 | -€291,813 | -72.4% |
| Income taxes | 67/77 | €137,146 | €33,395 | -€103,751 | -75.7% |
| Profit (loss) for the period | 9904 | €265,969 | €77,908 | -€188,062 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €265,969 | €77,908 | -€188,062 | -70.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.