ALFATECHNICS: 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.
ALFATECHNICS
Largest movements
- Cash +€23,077
up €23,077 (+32.7%), from €70,669 to €93,746
mainly Net result for the year (+€33,285) and Deferred charges and accrued income (+€449)
- Receivables within one year +€5,239
up €5,239 (+51.2%), from €10,240 to €15,480
of which Trade receivables: +€3,123
- Reserves +€33,250
up €33,250 (+12.5%), from €266,350 to €299,600
- Gross operating margin +€22,973
up €22,973 (+96.8%), from €23,740 to €46,713
- Taxes +€7,921
up €7,921 (+87.4%), from €9,059 to €16,980
- Financial charges +€1,872
up €1,872 (+465%), from €402 to €2,274
- Staff costs -€839
no longer reported in 2025 (was €839)
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 | €285,907 | €315,130 | +€29,224 | +10.2% |
| Fixed assets | 21/28 | €2,180 | €3,536 | +€1,356 | +62.2% |
| Tangible fixed assets | 22/27 | €2,180 | €3,536 | +€1,356 | +62.2% |
| Plant, machinery and equipment | 23 | €2,060 | €1,982 | -€77 | -3.8% |
| Furniture and vehicles | 24 | €120 | €1,554 | +€1,433 | +1,193% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €283,727 | €311,594 | +€27,868 | +9.8% |
| Amounts receivable within one year | 40/41 | €10,240 | €15,480 | +€5,239 | +51.2% |
| Trade receivables | 40 | €2,951 | €6,074 | +€3,123 | +106% |
| Other amounts receivable | 41 | €7,289 | €9,405 | +€2,116 | +29.0% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,669 | €93,746 | +€23,077 | +32.7% |
| Deferred charges and accrued income | 490/1 | €2,818 | €2,368 | -€449 | -15.9% |
| Total equity and liabilities | 10/49 | €285,907 | €315,130 | +€29,224 | +10.2% |
| Equity | 10/15 | €281,845 | €315,130 | +€33,285 | +11.8% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Reserves | 13 | €266,350 | €299,600 | +€33,250 | +12.5% |
| Distributable reserves | 133 | €266,350 | €299,600 | +€33,250 | +12.5% |
| Profit (loss) carried forward | 14 | €995 | €1,030 | +€35 | +3.6% |
| Amounts payable | 17/49 | €4,062 | €0 | -€4,062 | -100% |
| Amounts payable within one year | 42/48 | €4,062 | €0 | -€4,062 | -100% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €1,183 | - | -€1,183 | |
| Taxes | 450/3 | €1,183 | - | -€1,183 | |
| Other amounts payable | 47/48 | €2,879 | - | -€2,879 | |
| Non-recurring operating income | 76A | €11,872 | - | -€11,872 | |
| Remuneration, social security and pensions | 62 | €839 | - | -€839 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135 | €365 | +€229 | +170% |
| Other operating charges | 640/8 | €1,031 | €607 | -€424 | -41.1% |
| Gross operating margin | 9900 | €23,740 | €46,713 | +€22,973 | +96.8% |
| Operating profit (loss) | 9901 | €21,735 | €45,741 | +€24,006 | +110% |
| Financial income | 75/76B | €6,339 | €6,799 | +€460 | +7.3% |
| Recurring financial income | 75 | €6,339 | €6,799 | +€460 | +7.3% |
| Financial charges | 65/66B | €402 | €2,274 | +€1,872 | +465% |
| Recurring financial charges | 65 | €402 | €2,274 | +€1,872 | +465% |
| Profit (loss) for the period before taxes | 9903 | €27,672 | €50,266 | +€22,594 | +81.6% |
| Income taxes | 67/77 | €9,059 | €16,980 | +€7,921 | +87.4% |
| Profit (loss) for the period | 9904 | €18,612 | €33,285 | +€14,673 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,612 | €33,285 | +€14,673 | +78.8% |
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 15 October 2026 via checked.be.