Alfaport: 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.
Alfaport
Largest movements
- Cash +€643,650
up €643,650 (+95.5%), from €673,806 to €1.3m
mainly Current investments (+€600,000) and Tax, wage and social debts (+€46,364)
- Current investments -€600,000
no longer reported in 2025 (was €600,000)
- Receivables within one year -€16,604
down €16,604 (-28.5%), from €58,165 to €41,561
of which Other amounts receivable: -€9,398
- Profit (loss) carried forward -€78,305
down €78,305 (-6.9%), from €1.1m to €1.1m
- Tax, wage and social debts +€46,364
up €46,364 (+28.7%), from €161,525 to €207,889
of which Taxes: +€35,126
- Trade debts +€42,152
up €42,152 (+48.3%), from €87,258 to €129,410
- Turnover -€1.4m
no longer reported in 2025 (was €1.4m)
- Purchases and services -€678,571
no longer reported in 2025 (was €678,571)
- Gross operating margin -€86,021
down €86,021 (-7.0%), from €1.2m to €1.1m
- Staff costs +€80,658
up €80,658 (+7.1%), from €1.1m to €1.2m
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 | €1,386,459 | €1,396,308 | +€9,849 | +0.7% |
| Fixed assets | 21/28 | €45,892 | €35,532 | -€10,360 | -22.6% |
| Intangible fixed assets | 21 | €4,081 | - | -€4,081 | |
| Tangible fixed assets | 22/27 | €40,771 | €34,492 | -€6,279 | -15.4% |
| Furniture and vehicles | 24 | €26,404 | €22,124 | -€4,280 | -16.2% |
| Other tangible fixed assets | 26 | €14,367 | €12,368 | -€1,999 | -13.9% |
| Financial fixed assets | 28 | €1,040 | €1,040 | = | 0.0% |
| Current assets | 29/58 | €1,340,567 | €1,360,776 | +€20,209 | +1.5% |
| Amounts receivable within one year | 40/41 | €58,165 | €41,561 | -€16,604 | -28.5% |
| Trade receivables | 40 | €9,430 | €2,224 | -€7,206 | -76.4% |
| Other amounts receivable | 41 | €48,735 | €39,337 | -€9,398 | -19.3% |
| Current investments | 50/53 | €600,000 | - | -€600,000 | |
| Cash at bank and in hand | 54/58 | €673,806 | €1,317,456 | +€643,650 | +95.5% |
| Deferred charges and accrued income | 490/1 | €8,596 | €1,759 | -€6,837 | -79.5% |
| Total equity and liabilities | 10/49 | €1,386,459 | €1,396,308 | +€9,849 | +0.7% |
| Equity | 10/15 | €1,136,647 | €1,058,342 | -€78,305 | -6.9% |
| Profit (loss) carried forward | 14 | €1,136,647 | €1,058,342 | -€78,305 | -6.9% |
| Amounts payable | 17/49 | €249,812 | €337,966 | +€88,154 | +35.3% |
| Amounts payable within one year | 42/48 | €248,783 | €337,299 | +€88,516 | +35.6% |
| Trade debts | 44 | €87,258 | €129,410 | +€42,152 | +48.3% |
| Suppliers | 440/4 | €87,258 | €129,410 | +€42,152 | +48.3% |
| Taxes, remuneration and social security | 45 | €161,525 | €207,889 | +€46,364 | +28.7% |
| Taxes | 450/3 | €20,744 | €55,870 | +€35,126 | +169.3% |
| Remuneration and social security | 454/9 | €140,781 | €152,019 | +€11,238 | +8.0% |
| Accrued charges and deferred income | 492/3 | €1,029 | €667 | -€362 | -35.2% |
| Turnover | 70 | €1,397,948 | - | -€1.4m | |
| Membership fees, donations, legacies and grants | 73 | €6,010 | - | -€6,010 | |
| Non-recurring operating income | 76A | - | €6,821 | +€6,821 | |
| Goods, raw materials, services and sundry goods | 60/61 | €678,571 | - | -€678,571 | |
| Remuneration, social security and pensions | 62 | €1,130,917 | €1,211,575 | +€80,658 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,293 | €10,360 | +€67 | +0.7% |
| Other operating charges | 640/8 | €3,674 | €3,708 | +€34 | +0.9% |
| Non-recurring operating charges | 66A | €369 | - | -€369 | |
| Gross operating margin | 9900 | €1,230,969 | €1,144,948 | -€86,021 | -7.0% |
| Operating profit (loss) | 9901 | €85,716 | -€80,695 | -€166,411 | |
| Financial income | 75/76B | €20,245 | €8,948 | -€11,297 | -55.8% |
| Recurring financial income | 75 | €20,245 | €8,948 | -€11,297 | -55.8% |
| Financial charges | 65/66B | €6,341 | €3,049 | -€3,292 | -51.9% |
| Recurring financial charges | 65 | €6,341 | €3,049 | -€3,292 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €99,620 | -€74,796 | -€174,416 | |
| Income taxes | 67/77 | €1,755 | €3,509 | +€1,754 | +99.9% |
| Profit (loss) for the period | 9904 | €97,865 | -€78,305 | -€176,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €97,865 | -€78,305 | -€176,170 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.