ALFEDENA: 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.
ALFEDENA
Largest movements
- Cash +€49,572
up €49,572 (+17.3%), from €287,203 to €336,775
mainly Net result for the year (+€96,518) and Contributions, distributions and other (+€86,951)
- Tangible fixed assets +€12,154
up €12,154 (+37.4%), from €32,461 to €44,615
of which Land and buildings: +€13,997
- Receivables within one year +€6,417
up €6,417 (+13.4%), from €48,041 to €54,459
of which Trade receivables: +€4,802
- Reserves +€183,469
up €183,469 (+103%), from €178,850 to €362,319
- Other debts -€98,358
down €98,358 (-60.0%), from €164,060 to €65,701
- Tax, wage and social debts -€17,068
down €17,068 (-80.3%), from €21,265 to €4,196
- Gross operating margin +€12,136
up €12,136 (+10.4%), from €116,676 to €128,812
- Taxes +€3,137
up €3,137 (+12.4%), from €25,214 to €28,352
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 | €368,898 | €438,095 | +€69,197 | +18.8% |
| Fixed assets | 21/28 | €32,461 | €44,615 | +€12,154 | +37.4% |
| Tangible fixed assets | 22/27 | €32,461 | €44,615 | +€12,154 | +37.4% |
| Land and buildings | 22 | €24,039 | €38,036 | +€13,997 | +58.2% |
| Plant, machinery and equipment | 23 | €1,797 | €1,602 | -€196 | -10.9% |
| Furniture and vehicles | 24 | €6,625 | €4,977 | -€1,648 | -24.9% |
| Current assets | 29/58 | €336,437 | €393,480 | +€57,043 | +17.0% |
| Amounts receivable within one year | 40/41 | €48,041 | €54,459 | +€6,417 | +13.4% |
| Trade receivables | 40 | €43,222 | €48,025 | +€4,802 | +11.1% |
| Other amounts receivable | 41 | €4,819 | €6,434 | +€1,615 | +33.5% |
| Cash at bank and in hand | 54/58 | €287,203 | €336,775 | +€49,572 | +17.3% |
| Deferred charges and accrued income | 490/1 | €1,193 | €2,246 | +€1,054 | +88.4% |
| Total equity and liabilities | 10/49 | €368,898 | €438,095 | +€69,197 | +18.8% |
| Equity | 10/15 | €181,850 | €365,319 | +€183,469 | +101% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €178,850 | €362,319 | +€183,469 | +103% |
| Distributable reserves | 133 | €178,850 | €362,319 | +€183,469 | +103% |
| Amounts payable | 17/49 | €187,048 | €72,775 | -€114,272 | -61.1% |
| Amounts payable within one year | 42/48 | €187,048 | €72,775 | -€114,272 | -61.1% |
| Trade debts | 44 | €1,724 | €2,878 | +€1,154 | +67.0% |
| Suppliers | 440/4 | €1,724 | €2,878 | +€1,154 | +67.0% |
| Taxes, remuneration and social security | 45 | €21,265 | €4,196 | -€17,068 | -80.3% |
| Taxes | 450/3 | €21,265 | €4,196 | -€17,068 | -80.3% |
| Other amounts payable | 47/48 | €164,060 | €65,701 | -€98,358 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,971 | €2,846 | -€124 | -4.2% |
| Other operating charges | 640/8 | €958 | €1,245 | +€287 | +30.0% |
| Gross operating margin | 9900 | €116,676 | €128,812 | +€12,136 | +10.4% |
| Operating profit (loss) | 9901 | €112,747 | €124,720 | +€11,973 | +10.6% |
| Financial income | 75/76B | €471 | €1,147 | +€676 | +144% |
| Recurring financial income | 75 | €471 | €1,147 | +€676 | +144% |
| Financial charges | 65/66B | €1,052 | €997 | -€55 | -5.2% |
| Recurring financial charges | 65 | €1,052 | €997 | -€55 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €112,166 | €124,870 | +€12,704 | +11.3% |
| Income taxes | 67/77 | €25,214 | €28,352 | +€3,137 | +12.4% |
| Profit (loss) for the period | 9904 | €86,951 | €96,518 | +€9,567 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,951 | €96,518 | +€9,567 | +11.0% |
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 31 October 2026 via checked.be.