Alfavisio: 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.
Alfavisio
Largest movements
- Receivables within one year -€10,418
down €10,418 (-3.3%), from €318,565 to €308,147
of which Trade receivables: -€35,293
- Cash +€9,890
up €9,890 (+4.0%), from €248,196 to €258,086
mainly Receivables within one year (+€10,418) and Net result for the year (+€8,112)
- Tax, wage and social debts -€8,046
down €8,046 (-37.6%), from €21,411 to €13,366
- Reserves +€8,000
up €8,000 (+2.3%), from €348,603 to €356,603
of which Distributable reserves: +€8,000
- Gross operating margin -€50,690
down €50,690 (-83.4%), from €60,753 to €10,064
- Write-downs -€32,030
no longer reported in 2025 (was €32,030)
- Taxes -€5,349
down €5,349 (-63.9%), from €8,377 to €3,028
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 | €566,761 | €566,233 | -€528 | -0.1% |
| Current assets | 29/58 | €566,761 | €566,233 | -€528 | -0.1% |
| Amounts receivable within one year | 40/41 | €318,565 | €308,147 | -€10,418 | -3.3% |
| Trade receivables | 40 | €222,505 | €187,212 | -€35,293 | -15.9% |
| Other amounts receivable | 41 | €96,060 | €120,935 | +€24,875 | +25.9% |
| Cash at bank and in hand | 54/58 | €248,196 | €258,086 | +€9,890 | +4.0% |
| Total equity and liabilities | 10/49 | €566,761 | €566,233 | -€528 | -0.1% |
| Equity | 10/15 | €542,855 | €550,966 | +€8,112 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €348,603 | €356,603 | +€8,000 | +2.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,743 | €4,743 | = | 0.0% |
| Distributable reserves | 133 | €342,000 | €350,000 | +€8,000 | +2.3% |
| Profit (loss) carried forward | 14 | €188,052 | €188,163 | +€112 | +0.1% |
| Amounts payable | 17/49 | €23,906 | €15,267 | -€8,640 | -36.1% |
| Amounts payable within one year | 42/48 | €23,906 | €15,267 | -€8,640 | -36.1% |
| Trade debts | 44 | €2,495 | €1,901 | -€594 | -23.8% |
| Suppliers | 440/4 | €2,495 | €1,901 | -€594 | -23.8% |
| Taxes, remuneration and social security | 45 | €21,411 | €13,366 | -€8,046 | -37.6% |
| Taxes | 450/3 | €21,411 | €13,366 | -€8,046 | -37.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,030 | - | -€32,030 | |
| Other operating charges | 640/8 | €360 | €16 | -€344 | -95.7% |
| Gross operating margin | 9900 | €60,753 | €10,064 | -€50,690 | -83.4% |
| Operating profit (loss) | 9901 | €28,363 | €10,048 | -€18,316 | -64.6% |
| Financial income | 75/76B | €1,068 | €1,092 | +€23 | +2.2% |
| Recurring financial income | 75 | €1,068 | €1,092 | +€23 | +2.2% |
| Financial charges | 65/66B | €49 | - | -€49 | |
| Recurring financial charges | 65 | €49 | - | -€49 | |
| Profit (loss) for the period before taxes | 9903 | €29,383 | €11,139 | -€18,243 | -62.1% |
| Income taxes | 67/77 | €8,377 | €3,028 | -€5,349 | -63.9% |
| Profit (loss) for the period | 9904 | €21,006 | €8,112 | -€12,895 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,006 | €8,112 | -€12,895 | -61.4% |
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 22 October 2026 via checked.be.