ALFAMETAL: 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.
ALFAMETAL
Largest movements
- Receivables within one year +€93,252
up €93,252 (+181%), from €51,656 to €144,908
of which Trade receivables: +€78,374
- Cash +€27,762
up €27,762 (+1,338%), from €2,074 to €29,836
mainly Net result for the year (+€143,973) and Advances received (+€72,000)
- Reserves +€143,973
up €143,973 (+72.5%), from €198,577 to €342,550
of which Distributable reserves: +€143,973
- Advances received +€72,000
up €72,000, from €0 to €72,000
- Other debts -€60,000
down €60,000 (-100%), from €60,000 to €0
- Debts after one year -€26,602
down €26,602 (-14.8%), from €180,198 to €153,596
of which Other amounts payable: -€16,271
- Gross operating margin +€49,625
up €49,625 (+15.0%), from €330,851 to €380,477
- Taxes +€36,515
up €36,515 (+373%), from €9,796 to €46,311
- Other operating charges -€10,578
down €10,578 (-37.6%), from €28,127 to €17,549
- Depreciation +€10,469
up €10,469 (+18.4%), from €57,043 to €67,512
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 | €803,696 | €923,192 | +€119,495 | +14.9% |
| Fixed assets | 21/28 | €731,830 | €730,466 | -€1,364 | -0.2% |
| Tangible fixed assets | 22/27 | €731,459 | €730,094 | -€1,364 | -0.2% |
| Land and buildings | 22 | €631,332 | €606,380 | -€24,951 | -4.0% |
| Plant, machinery and equipment | 23 | €42,387 | €81,462 | +€39,075 | +92.2% |
| Furniture and vehicles | 24 | €57,739 | €42,252 | -€15,488 | -26.8% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €71,866 | €192,726 | +€120,860 | +168% |
| Amounts receivable within one year | 40/41 | €51,656 | €144,908 | +€93,252 | +181% |
| Trade receivables | 40 | €48,937 | €127,311 | +€78,374 | +160% |
| Other amounts receivable | 41 | €2,719 | €17,597 | +€14,878 | +547% |
| Cash at bank and in hand | 54/58 | €2,074 | €29,836 | +€27,762 | +1,338% |
| Deferred charges and accrued income | 490/1 | €18,136 | €17,982 | -€154 | -0.8% |
| Total equity and liabilities | 10/49 | €803,696 | €923,192 | +€119,495 | +14.9% |
| Equity | 10/15 | €460,577 | €604,550 | +€143,973 | +31.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €198,577 | €342,550 | +€143,973 | +72.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,412 | €37,412 | = | 0.0% |
| Distributable reserves | 133 | €154,966 | €298,938 | +€143,973 | +92.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €343,119 | €318,642 | -€24,477 | -7.1% |
| Amounts payable after more than one year | 17 | €180,198 | €153,596 | -€26,602 | -14.8% |
| Financial debts | 170/4 | €162,762 | €152,431 | -€10,331 | -6.3% |
| Other amounts payable | 178/9 | €17,436 | €1,165 | -€16,271 | -93.3% |
| Amounts payable within one year | 42/48 | €162,921 | €165,046 | +€2,125 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €57,564 | €53,270 | -€4,293 | -7.5% |
| Trade debts | 44 | €17,807 | €20,430 | +€2,623 | +14.7% |
| Suppliers | 440/4 | €17,807 | €20,430 | +€2,623 | +14.7% |
| Advances received on contracts in progress | 46 | €0 | €72,000 | +€72,000 | |
| Taxes, remuneration and social security | 45 | €27,551 | €19,346 | -€8,204 | -29.8% |
| Taxes | 450/3 | €4,724 | €1,755 | -€2,969 | -62.8% |
| Remuneration and social security | 454/9 | €22,827 | €17,591 | -€5,236 | -22.9% |
| Other amounts payable | 47/48 | €60,000 | €0 | -€60,000 | -100% |
| Remuneration, social security and pensions | 62 | €94,625 | €97,726 | +€3,101 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,043 | €67,512 | +€10,469 | +18.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €28,127 | €17,549 | -€10,578 | -37.6% |
| Non-recurring operating charges | 66A | €20 | €0 | -€20 | -100% |
| Gross operating margin | 9900 | €330,851 | €380,477 | +€49,625 | +15.0% |
| Operating profit (loss) | 9901 | €151,037 | €197,690 | +€46,653 | +30.9% |
| Financial income | 75/76B | €66 | €3 | -€63 | -95.9% |
| Recurring financial income | 75 | €66 | €0 | -€65 | -99.9% |
| Non-recurring financial income | 76B | - | €3 | +€3 | |
| Financial charges | 65/66B | €7,644 | €7,409 | -€235 | -3.1% |
| Recurring financial charges | 65 | €7,644 | €7,409 | -€235 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €143,458 | €190,284 | +€46,826 | +32.6% |
| Income taxes | 67/77 | €9,796 | €46,311 | +€36,515 | +373% |
| Profit (loss) for the period | 9904 | €133,662 | €143,973 | +€10,311 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €133,662 | €143,973 | +€10,311 | +7.7% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.