AlfaVision: 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.
AlfaVision
Largest movements
- Receivables within one year -€459,296
down €459,296 (-82.1%), from €559,568 to €100,272
of which Trade receivables: -€427,431
- Cash -€233,432
down €233,432 (-51.1%), from €457,095 to €223,663
mainly Contributions, distributions and other (-€372,683) and Other debts (-€324,677)
- Deferred charges and accrued income -€151,841
down €151,841 (-95.2%), from €159,479 to €7,638
- Other debts -€324,677
down €324,677 (-81.7%), from €397,360 to €72,683
- Reserves -€245,265
down €245,265 (-81.6%), from €300,541 to €55,277
- Trade debts -€188,421
down €188,421 (-62.1%), from €303,372 to €114,951
- Tax, wage and social debts -€95,594
down €95,594 (-92.2%), from €103,685 to €8,090
- Gross operating margin -€652,303
down €652,303 (-79.8%), from €817,300 to €164,997
- Taxes -€78,871
down €78,871 (-81.5%), from €96,819 to €17,948
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 | €1,205,707 | €351,750 | -€853,957 | -70.8% |
| Fixed assets | 21/28 | €29,565 | €20,178 | -€9,387 | -31.8% |
| Tangible fixed assets | 22/27 | €29,565 | €17,581 | -€11,984 | -40.5% |
| Plant, machinery and equipment | 23 | €8,722 | €1,923 | -€6,799 | -77.9% |
| Furniture and vehicles | 24 | €20,843 | €15,657 | -€5,186 | -24.9% |
| Financial fixed assets | 28 | - | €2,597 | +€2,597 | |
| Current assets | 29/58 | €1,176,142 | €331,572 | -€844,569 | -71.8% |
| Amounts receivable within one year | 40/41 | €559,568 | €100,272 | -€459,296 | -82.1% |
| Trade receivables | 40 | €527,703 | €100,272 | -€427,431 | -81.0% |
| Other amounts receivable | 41 | €31,865 | - | -€31,865 | |
| Cash at bank and in hand | 54/58 | €457,095 | €223,663 | -€233,432 | -51.1% |
| Deferred charges and accrued income | 490/1 | €159,479 | €7,638 | -€151,841 | -95.2% |
| Total equity and liabilities | 10/49 | €1,205,707 | €351,750 | -€853,957 | -70.8% |
| Equity | 10/15 | €319,141 | €73,877 | -€245,265 | -76.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €300,541 | €55,277 | -€245,265 | -81.6% |
| Distributable reserves | 133 | €300,541 | €55,277 | -€245,265 | -81.6% |
| Amounts payable | 17/49 | €886,565 | €277,873 | -€608,692 | -68.7% |
| Amounts payable after more than one year | 17 | €51,875 | €51,875 | = | 0.0% |
| Financial debts | 170/4 | €51,875 | €51,875 | = | 0.0% |
| Amounts payable within one year | 42/48 | €804,417 | €195,724 | -€608,692 | -75.7% |
| Trade debts | 44 | €303,372 | €114,951 | -€188,421 | -62.1% |
| Suppliers | 440/4 | €303,372 | €114,951 | -€188,421 | -62.1% |
| Taxes, remuneration and social security | 45 | €103,685 | €8,090 | -€95,594 | -92.2% |
| Taxes | 450/3 | €103,685 | €8,090 | -€95,594 | -92.2% |
| Other amounts payable | 47/48 | €397,360 | €72,683 | -€324,677 | -81.7% |
| Accrued charges and deferred income | 492/3 | €30,273 | €30,273 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,527 | €14,853 | -€2,674 | -15.3% |
| Other operating charges | 640/8 | €553 | €569 | +€16 | +3.0% |
| Gross operating margin | 9900 | €817,300 | €164,997 | -€652,303 | -79.8% |
| Operating profit (loss) | 9901 | €799,220 | €149,575 | -€649,646 | -81.3% |
| Financial income | 75/76B | €2 | €30 | +€29 | +1,713% |
| Recurring financial income | 75 | €2 | €30 | +€29 | +1,713% |
| Financial charges | 65/66B | €4,502 | €4,239 | -€263 | -5.8% |
| Recurring financial charges | 65 | €4,502 | €4,239 | -€263 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €794,720 | €145,366 | -€649,354 | -81.7% |
| Income taxes | 67/77 | €96,819 | €17,948 | -€78,871 | -81.5% |
| Profit (loss) for the period | 9904 | €697,901 | €127,418 | -€570,483 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €697,901 | €127,418 | -€570,483 | -81.7% |
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 13 October 2026 via checked.be.