ALFE: 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.
ALFE
Largest movements
- Cash +€22,283
up €22,283 (+278.0%), from €8,016 to €30,299
mainly Net result for the year (+€17,680) and Stocks and contracts (+€3,017)
- Stocks and contracts -€3,017
down €3,017 (-77.8%), from €3,878 to €861
- Receivables within one year -€2,012
down €2,012 (-10.5%), from €19,176 to €17,165
- Profit (loss) carried forward +€17,680
up €17,680 (+128.4%), from €13,765 to €31,445
- Gross operating margin +€22,492
up €22,492, from -€2,423 to €20,069
- Other operating charges -€2,225
down €2,225 (-48.8%), from €4,560 to €2,335
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 | €31,070 | €48,325 | +€17,255 | +55.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €31,070 | €48,325 | +€17,255 | +55.5% |
| Stocks and contracts in progress | 3 | €3,878 | €861 | -€3,017 | -77.8% |
| Stocks | 30/36 | €3,878 | €861 | -€3,017 | -77.8% |
| Amounts receivable within one year | 40/41 | €19,176 | €17,165 | -€2,012 | -10.5% |
| Other amounts receivable | 41 | €19,176 | €17,165 | -€2,012 | -10.5% |
| Cash at bank and in hand | 54/58 | €8,016 | €30,299 | +€22,283 | +278.0% |
| Total equity and liabilities | 10/49 | €31,070 | €48,325 | +€17,255 | +55.5% |
| Equity | 10/15 | €28,765 | €46,445 | +€17,680 | +61.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,765 | €31,445 | +€17,680 | +128.4% |
| Amounts payable | 17/49 | €2,305 | €1,880 | -€426 | -18.5% |
| Amounts payable within one year | 42/48 | €2,305 | €1,880 | -€426 | -18.5% |
| Trade debts | 44 | €2,305 | €1,880 | -€426 | -18.5% |
| Suppliers | 440/4 | €2,305 | €1,880 | -€426 | -18.5% |
| Other operating charges | 640/8 | €4,560 | €2,335 | -€2,225 | -48.8% |
| Gross operating margin | 9900 | -€2,423 | €20,069 | +€22,492 | |
| Operating profit (loss) | 9901 | -€6,983 | €17,734 | +€24,718 | |
| Financial charges | 65/66B | €65 | €54 | -€11 | -16.3% |
| Recurring financial charges | 65 | €65 | €54 | -€11 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,048 | €17,680 | +€24,728 | |
| Profit (loss) for the period | 9904 | -€7,048 | €17,680 | +€24,728 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,048 | €17,680 | +€24,728 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.