Alfapay: what changed
Alfapay
Largest movements
- Receivables within one year +€2,439
up €2,439 (+7.2%), from €34,051 to €36,490
of which Trade receivables: +€3,945
- Tangible fixed assets -€2,153
down €2,153 (-40.5%), from €5,320 to €3,167
of which Plant, machinery and equipment: -€1,583
- Intangible fixed assets -€2,000
down €2,000 (-22.2%), from €9,000 to €7,000
- Cash +€759
up €759 (+32.6%), from €2,326 to €3,085
mainly Depreciation (+€4,153) and Trade debts (+€962)
- Other debts -€2,155
down €2,155 (-63.4%), from €3,398 to €1,243
- Trade debts +€962
up €962 (+8.8%), from €10,981 to €11,942
- Gross operating margin +€10,095
up €10,095, from -€1,989 to €8,106
- Financial charges +€2,933
up €2,933 (+2,607%), from €113 to €3,045
- Depreciation +€1,583
up €1,583 (+61.6%), from €2,570 to €4,153
- Financial income -€761
down €761 (-100%), from €761 to €0
- Other operating charges -€293
down €293 (-34.7%), from €844 to €552
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,697 | €49,742 | -€956 | -1.9% |
| Fixed assets | 21/28 | €14,320 | €10,167 | -€4,153 | -29.0% |
| Intangible fixed assets | 21 | €9,000 | €7,000 | -€2,000 | -22.2% |
| Tangible fixed assets | 22/27 | €5,320 | €3,167 | -€2,153 | -40.5% |
| Plant, machinery and equipment | 23 | €4,750 | €3,167 | -€1,583 | -33.3% |
| Furniture and vehicles | 24 | €570 | €0 | -€570 | -100% |
| Current assets | 29/58 | €36,377 | €39,575 | +€3,198 | +8.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €34,051 | €36,490 | +€2,439 | +7.2% |
| Trade receivables | 40 | €29,587 | €33,532 | +€3,945 | +13.3% |
| Other amounts receivable | 41 | €4,464 | €2,958 | -€1,506 | -33.7% |
| Cash at bank and in hand | 54/58 | €2,326 | €3,085 | +€759 | +32.6% |
| Total equity and liabilities | 10/49 | €50,697 | €49,742 | -€956 | -1.9% |
| Equity | 10/15 | €33,713 | €34,069 | +€356 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,113 | €15,469 | +€356 | +2.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,253 | €13,609 | +€356 | +2.7% |
| Amounts payable | 17/49 | €16,984 | €15,673 | -€1,312 | -7.7% |
| Amounts payable within one year | 42/48 | €14,677 | €13,483 | -€1,194 | -8.1% |
| Trade debts | 44 | €10,981 | €11,942 | +€962 | +8.8% |
| Suppliers | 440/4 | €10,981 | €11,942 | +€962 | +8.8% |
| Taxes, remuneration and social security | 45 | €298 | €298 | = | 0.0% |
| Taxes | 450/3 | €298 | €298 | = | 0.0% |
| Other amounts payable | 47/48 | €3,398 | €1,243 | -€2,155 | -63.4% |
| Accrued charges and deferred income | 492/3 | €2,308 | €2,190 | -€118 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,570 | €4,153 | +€1,583 | +61.6% |
| Other operating charges | 640/8 | €844 | €552 | -€293 | -34.7% |
| Gross operating margin | 9900 | -€1,989 | €8,106 | +€10,095 | |
| Operating profit (loss) | 9901 | -€5,403 | €3,401 | +€8,804 | |
| Financial income | 75/76B | €761 | €0 | -€761 | -100% |
| Recurring financial income | 75 | €761 | €0 | -€761 | -100% |
| Financial charges | 65/66B | €113 | €3,045 | +€2,933 | +2,607% |
| Recurring financial charges | 65 | €113 | €3,045 | +€2,933 | +2,607% |
| Profit (loss) for the period before taxes | 9903 | -€4,754 | €356 | +€5,110 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,754 | €356 | +€5,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,754 | €356 | +€5,110 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.