Alfapro: 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.
What changed
Alfapro
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,379
2024 · €4,369+€2,010
Equity
€1.1m
2024 · €1.1m+€6,379
Cash
€17,358
2024 · €12,508+€4,850
Balance sheet total
€1.3m
2024 · €1.4m-€47,666
Largest movements
Assets
- Deferred charges and accrued income -€26,716
down €26,716 (-79.3%), from €33,698 to €6,982
- Receivables within one year -€22,426
down €22,426 (-4.5%), from €494,570 to €472,145
of which Trade receivables: -€58,445
Equity and liabilities
- Debts after one year -€52,449
down €52,449 (-29.7%), from €176,686 to €124,236
Income statement
- Other operating charges +€11,685
up €11,685 (+20.9%), from €55,990 to €67,674
- Financial charges -€8,159
down €8,159 (-73.6%), from €11,093 to €2,934
- Staff costs -€1,615
down €1,615 (-100.0%), from €1,615 to €0
- Taxes +€983
up €983 (+61.3%), from €1,605 to €2,588
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.
Result 2024
€4,369
Gross operating margin
+€302
Staff costs
+€1,615
Other operating charges
-€11,685
Other operating items
+€5,000
Financial income
-€398
Financial charges
+€8,159
Taxes
-€983
Result 2025
€6,379
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.
From operations
+€56,804
Investment
+€25
Financing
-€51,978
Cash 2024
€12,508
From operations (derived)
+€56,804
Net result for the year
+€6,379
Depreciation
+€3,350
Receivables within one year
+€22,426
Deferred charges and accrued income
+€26,716
Trade debts
+€3,801
Tax, wage and social debts
+€2,553
Other debts
-€8,396
Accrued charges and deferred income
-€25
Investment (derived)
+€25
Investment in fixed assets (net)
+€25
Financing
-€51,978
Debts after one year
-€52,449
Current portion of long-term debt
+€471
Cash 2025
€17,358
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,355,559 | €1,307,893 | -€47,666 | -3.5% |
| Fixed assets | 21/28 | €74,783 | €71,408 | -€3,375 | -4.5% |
| Tangible fixed assets | 22/27 | €74,758 | €71,408 | -€3,350 | -4.5% |
| Land and buildings | 22 | €74,758 | €71,408 | -€3,350 | -4.5% |
| Financial fixed assets | 28 | €25 | €0 | -€25 | -100.0% |
| Current assets | 29/58 | €1,280,776 | €1,236,485 | -€44,292 | -3.5% |
| Amounts receivable after more than one year | 29 | €740,000 | €740,000 | = | 0.0% |
| Other amounts receivable | 291 | €740,000 | €740,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €494,570 | €472,145 | -€22,426 | -4.5% |
| Trade receivables | 40 | €179,732 | €121,287 | -€58,445 | -32.5% |
| Other amounts receivable | 41 | €314,838 | €350,858 | +€36,020 | +11.4% |
| Cash at bank and in hand | 54/58 | €12,508 | €17,358 | +€4,850 | +38.8% |
| Deferred charges and accrued income | 490/1 | €33,698 | €6,982 | -€26,716 | -79.3% |
| Total equity and liabilities | 10/49 | €1,355,559 | €1,307,893 | -€47,666 | -3.5% |
| Equity | 10/15 | €1,091,244 | €1,097,622 | +€6,379 | +0.6% |
| Contributions | 10/11 | €763,340 | €763,340 | = | 0.0% |
| Capital | 10 | €763,340 | €763,340 | = | 0.0% |
| Issued capital | 100 | €763,340 | €763,340 | = | 0.0% |
| Reserves | 13 | €327,903 | €334,282 | +€6,379 | +1.9% |
| Non-distributable reserves | 130/1 | €76,334 | €76,334 | = | 0.0% |
| Legal reserve | 130 | €76,334 | €76,334 | = | 0.0% |
| Distributable reserves | 133 | €251,569 | €257,948 | +€6,379 | +2.5% |
| Amounts payable | 17/49 | €264,316 | €210,270 | -€54,045 | -20.4% |
| Amounts payable after more than one year | 17 | €176,686 | €124,236 | -€52,449 | -29.7% |
| Financial debts | 170/4 | €176,686 | €124,236 | -€52,449 | -29.7% |
| Amounts payable within one year | 42/48 | €87,605 | €86,034 | -€1,571 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €51,978 | €52,449 | +€471 | +0.9% |
| Trade debts | 44 | €23,066 | €26,867 | +€3,801 | +16.5% |
| Suppliers | 440/4 | €23,066 | €26,867 | +€3,801 | +16.5% |
| Taxes, remuneration and social security | 45 | €1,604 | €4,157 | +€2,553 | +159.1% |
| Taxes | 450/3 | €1,604 | €4,157 | +€2,553 | +159.1% |
| Other amounts payable | 47/48 | €10,956 | €2,560 | -€8,396 | -76.6% |
| Accrued charges and deferred income | 492/3 | €25 | €0 | -€25 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,615 | €0 | -€1,615 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,350 | €3,350 | = | 0.0% |
| Other operating charges | 640/8 | €55,990 | €67,674 | +€11,685 | +20.9% |
| Non-recurring operating charges | 66A | €5,000 | €0 | -€5,000 | -100.0% |
| Gross operating margin | 9900 | €72,118 | €72,420 | +€302 | +0.4% |
| Operating profit (loss) | 9901 | €6,163 | €1,395 | -€4,768 | -77.4% |
| Financial income | 75/76B | €10,903 | €10,505 | -€398 | -3.6% |
| Recurring financial income | 75 | €10,903 | €10,505 | -€398 | -3.6% |
| Financial charges | 65/66B | €11,093 | €2,934 | -€8,159 | -73.6% |
| Recurring financial charges | 65 | €11,093 | €2,934 | -€8,159 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €5,974 | €8,967 | +€2,993 | +50.1% |
| Income taxes | 67/77 | €1,605 | €2,588 | +€983 | +61.3% |
| Profit (loss) for the period | 9904 | €4,369 | €6,379 | +€2,010 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,369 | €6,379 | +€2,010 | +46.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.