Alfazorg: 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.
Alfazorg
Largest movements
- Receivables within one year -€53,190
no longer reported in 2025 (was €53,190)
of which Trade receivables: -€37,948
- Deferred charges and accrued income +€46,618
up €46,618 (+3834.8%), from €1,216 to €47,834
- Tangible fixed assets -€12,161
down €12,161 (-82.2%), from €14,787 to €2,625
of which Furniture and vehicles: -€12,614
- Cash -€4,183
down €4,183 (-36.5%), from €11,446 to €7,263
mainly Deferred charges and accrued income (-€46,618) and Other debts (-€13,575)
- Other debts -€13,575
down €13,575 (-79.9%), from €17,000 to €3,425
- Current portion of long-term debt -€10,268
no longer reported in 2025 (was €10,268)
- Reserves +€4,484
up €4,484 (+10.2%), from €44,109 to €48,594
- Tax, wage and social debts -€2,297
down €2,297 (-76.6%), from €3,000 to €703
- Debts after one year -€939
no longer reported in 2025 (was €939)
- Gross operating margin -€63,014
down €63,014 (-87.1%), from €72,343 to €9,328
- Depreciation -€12,168
down €12,168 (-86.2%), from €14,119 to €1,951
- Taxes -€9,890
down €9,890 (-81.7%), from €12,109 to €2,220
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 | €80,638 | €57,722 | -€22,916 | -28.4% |
| Fixed assets | 21/28 | €14,787 | €2,625 | -€12,161 | -82.2% |
| Tangible fixed assets | 22/27 | €14,787 | €2,625 | -€12,161 | -82.2% |
| Plant, machinery and equipment | 23 | €2,173 | €2,625 | +€453 | +20.8% |
| Furniture and vehicles | 24 | €12,614 | - | -€12,614 | |
| Current assets | 29/58 | €65,852 | €55,097 | -€10,755 | -16.3% |
| Amounts receivable within one year | 40/41 | €53,190 | - | -€53,190 | |
| Trade receivables | 40 | €37,948 | - | -€37,948 | |
| Other amounts receivable | 41 | €15,242 | - | -€15,242 | |
| Cash at bank and in hand | 54/58 | €11,446 | €7,263 | -€4,183 | -36.5% |
| Deferred charges and accrued income | 490/1 | €1,216 | €47,834 | +€46,618 | +3834.8% |
| Total equity and liabilities | 10/49 | €80,638 | €57,722 | -€22,916 | -28.4% |
| Equity | 10/15 | €49,109 | €53,594 | +€4,484 | +9.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,109 | €48,594 | +€4,484 | +10.2% |
| Distributable reserves | 133 | €44,109 | €48,594 | +€4,484 | +10.2% |
| Amounts payable | 17/49 | €31,529 | €4,129 | -€27,400 | -86.9% |
| Amounts payable after more than one year | 17 | €939 | - | -€939 | |
| Financial debts | 170/4 | €939 | - | -€939 | |
| Amounts payable within one year | 42/48 | €30,590 | €4,129 | -€26,461 | -86.5% |
| Current portion of amounts payable after more than one year | 42 | €10,268 | - | -€10,268 | |
| Trade debts | 44 | €322 | - | -€322 | |
| Suppliers | 440/4 | €322 | - | -€322 | |
| Taxes, remuneration and social security | 45 | €3,000 | €703 | -€2,297 | -76.6% |
| Taxes | 450/3 | €3,000 | €703 | -€2,297 | -76.6% |
| Other amounts payable | 47/48 | €17,000 | €3,425 | -€13,575 | -79.9% |
| Non-recurring operating income | 76A | - | €14,921 | +€14,921 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,119 | €1,951 | -€12,168 | -86.2% |
| Other operating charges | 640/8 | €568 | €362 | -€206 | -36.2% |
| Gross operating margin | 9900 | €72,343 | €9,328 | -€63,014 | -87.1% |
| Operating profit (loss) | 9901 | €57,655 | €7,015 | -€50,641 | -87.8% |
| Financial income | 75/76B | €82 | €1 | -€81 | -99.1% |
| Recurring financial income | 75 | €82 | €1 | -€81 | -99.1% |
| Financial charges | 65/66B | €344 | €312 | -€32 | -9.4% |
| Recurring financial charges | 65 | €344 | €312 | -€32 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €57,393 | €6,704 | -€50,689 | -88.3% |
| Income taxes | 67/77 | €12,109 | €2,220 | -€9,890 | -81.7% |
| Profit (loss) for the period | 9904 | €45,284 | €4,484 | -€40,800 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,284 | €4,484 | -€40,800 | -90.1% |
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 9 October 2026 via checked.be.