Alfatis: what changed
Two fiscal 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.
Alfatis
Largest movements
- Cash +€559,571
up €559,571 (+602.9%), from €92,811 to €652,382
mainly Investment in fixed assets (net) (+€336,477) and Net result for the year (+€226,262)
- Tangible fixed assets -€337,005
down €337,005 (-99.8%), from €337,761 to €756
of which Land and buildings: -€336,477
- Receivables after one year -€17,862
no longer reported in 2025 (was €17,862)
- Reserves +€201,921
up €201,921 (+25.0%), from €806,329 to €1.0m
- Gross operating margin +€293,554
up €293,554 (+1143.7%), from €25,667 to €319,221
- Taxes +€104,249
up €104,249 (+3678.1%), from €2,834 to €107,084
- Financial charges -€15,339
down €15,339 (-99.4%), from €15,433 to €94
- Depreciation -€12,298
down €12,298 (-95.9%), from €12,826 to €528
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 | €870,569 | €1,082,153 | +€211,584 | +24.3% |
| Fixed assets | 21/28 | €337,761 | €756 | -€337,005 | -99.8% |
| Tangible fixed assets | 22/27 | €337,761 | €756 | -€337,005 | -99.8% |
| Land and buildings | 22 | €336,477 | - | -€336,477 | |
| Plant, machinery and equipment | 23 | €1,283 | €756 | -€528 | -41.1% |
| Current assets | 29/58 | €532,808 | €1,081,397 | +€548,589 | +103.0% |
| Amounts receivable after more than one year | 29 | €17,862 | - | -€17,862 | |
| Trade receivables | 290 | €17,862 | - | -€17,862 | |
| Amounts receivable within one year | 40/41 | €3,111 | €642 | -€2,469 | -79.4% |
| Trade receivables | 40 | €323 | €642 | +€319 | +99.0% |
| Other amounts receivable | 41 | €2,788 | - | -€2,788 | |
| Current investments | 50/53 | €409,537 | €409,537 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,811 | €652,382 | +€559,571 | +602.9% |
| Deferred charges and accrued income | 490/1 | €9,488 | €18,836 | +€9,349 | +98.5% |
| Total equity and liabilities | 10/49 | €870,569 | €1,082,153 | +€211,584 | +24.3% |
| Equity | 10/15 | €867,837 | €1,069,758 | +€201,921 | +23.3% |
| Contributions | 10/11 | €61,508 | €61,508 | = | 0.0% |
| Reserves | 13 | €806,329 | €1,008,250 | +€201,921 | +25.0% |
| Distributable reserves | 133 | €806,329 | €1,008,250 | +€201,921 | +25.0% |
| Amounts payable | 17/49 | €2,732 | €12,395 | +€9,663 | +353.7% |
| Amounts payable within one year | 42/48 | €1,242 | €10,392 | +€9,150 | +736.5% |
| Trade debts | 44 | €126 | €128 | +€2 | +1.6% |
| Suppliers | 440/4 | €126 | €128 | +€2 | +1.6% |
| Taxes, remuneration and social security | 45 | - | €7,025 | +€7,025 | |
| Taxes | 450/3 | - | €7,025 | +€7,025 | |
| Other amounts payable | 47/48 | €1,116 | €3,239 | +€2,122 | +190.1% |
| Accrued charges and deferred income | 492/3 | €1,490 | €2,003 | +€513 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,826 | €528 | -€12,298 | -95.9% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €25,667 | €319,221 | +€293,554 | +1143.7% |
| Operating profit (loss) | 9901 | €11,748 | €317,567 | +€305,819 | +2603.2% |
| Financial income | 75/76B | €15,206 | €15,873 | +€667 | +4.4% |
| Recurring financial income | 75 | €15,206 | €15,873 | +€667 | +4.4% |
| Financial charges | 65/66B | €15,433 | €94 | -€15,339 | -99.4% |
| Recurring financial charges | 65 | €15,433 | €94 | -€15,339 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €11,521 | €333,346 | +€321,825 | +2793.4% |
| Income taxes | 67/77 | €2,834 | €107,084 | +€104,249 | +3678.1% |
| Profit (loss) for the period | 9904 | €8,686 | €226,262 | +€217,576 | +2504.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,686 | €226,262 | +€217,576 | +2504.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.