ALFI: what changed
Two fiscal 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.
ALFI
Largest movements
- Cash +€26,728
up €26,728 (+77.7%), from €34,387 to €61,115
mainly Depreciation (+€20,042) and Net result for the year (+€11,616)
- Tangible fixed assets -€17,827
down €17,827 (-52.6%), from €33,869 to €16,042
of which Furniture and vehicles: -€17,039
- Receivables within one year -€7,865
down €7,865 (-28.5%), from €27,632 to €19,768
of which Trade receivables: -€7,476
- Profit (loss) carried forward +€11,616
up €11,616 (+46.6%), from €24,923 to €36,540
- Current portion of long-term debt -€7,733
down €7,733 (-56.9%), from €13,591 to €5,859
- Trade debts +€7,157
up €7,157 (+186.8%), from €3,831 to €10,988
- Debts after one year -€5,729
down €5,729 (-82.1%), from €6,975 to €1,246
- Other debts -€4,685
down €4,685 (-15.7%), from €29,920 to €25,235
- Depreciation -€11,679
down €11,679 (-36.8%), from €31,722 to €20,042
- Taxes +€537
up €537 (+92.0%), from €584 to €1,122
- Other operating charges -€364
down €364 (-12.7%), from €2,877 to €2,513
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 | €97,885 | €98,997 | +€1,112 | +1.1% |
| Fixed assets | 21/28 | €33,969 | €16,142 | -€17,827 | -52.5% |
| Tangible fixed assets | 22/27 | €33,869 | €16,042 | -€17,827 | -52.6% |
| Land and buildings | 22 | €1,035 | €517 | -€517 | -50.0% |
| Plant, machinery and equipment | 23 | €2,764 | €3,346 | +€582 | +21.1% |
| Furniture and vehicles | 24 | €28,427 | €11,388 | -€17,039 | -59.9% |
| Leasing and similar rights | 25 | €672 | - | -€672 | |
| Other tangible fixed assets | 26 | €971 | €791 | -€180 | -18.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €63,915 | €82,855 | +€18,940 | +29.6% |
| Stocks and contracts in progress | 3 | €750 | €750 | = | 0.0% |
| Stocks | 30/36 | €750 | €750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,632 | €19,768 | -€7,865 | -28.5% |
| Trade receivables | 40 | €25,857 | €18,381 | -€7,476 | -28.9% |
| Other amounts receivable | 41 | €1,775 | €1,387 | -€389 | -21.9% |
| Cash at bank and in hand | 54/58 | €34,387 | €61,115 | +€26,728 | +77.7% |
| Deferred charges and accrued income | 490/1 | €1,146 | €1,222 | +€76 | +6.6% |
| Total equity and liabilities | 10/49 | €97,885 | €98,997 | +€1,112 | +1.1% |
| Equity | 10/15 | €42,983 | €54,600 | +€11,616 | +27.0% |
| Contributions | 10/11 | €18,060 | €18,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,923 | €36,540 | +€11,616 | +46.6% |
| Amounts payable | 17/49 | €54,901 | €44,397 | -€10,504 | -19.1% |
| Amounts payable after more than one year | 17 | €6,975 | €1,246 | -€5,729 | -82.1% |
| Financial debts | 170/4 | €6,975 | €1,246 | -€5,729 | -82.1% |
| Amounts payable within one year | 42/48 | €47,926 | €43,151 | -€4,775 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €13,591 | €5,859 | -€7,733 | -56.9% |
| Trade debts | 44 | €3,831 | €10,988 | +€7,157 | +186.8% |
| Suppliers | 440/4 | €3,831 | €10,988 | +€7,157 | +186.8% |
| Taxes, remuneration and social security | 45 | €584 | €1,069 | +€485 | +83.0% |
| Taxes | 450/3 | €584 | €1,069 | +€485 | +83.0% |
| Other amounts payable | 47/48 | €29,920 | €25,235 | -€4,685 | -15.7% |
| Non-recurring operating income | 76A | - | €1,037 | +€1,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,722 | €20,042 | -€11,679 | -36.8% |
| Other operating charges | 640/8 | €2,877 | €2,513 | -€364 | -12.7% |
| Non-recurring operating charges | 66A | €256 | €306 | +€50 | +19.4% |
| Gross operating margin | 9900 | €36,216 | €36,355 | +€139 | +0.4% |
| Operating profit (loss) | 9901 | €1,362 | €13,494 | +€12,132 | +890.8% |
| Financial charges | 65/66B | €978 | €757 | -€221 | -22.6% |
| Recurring financial charges | 65 | €978 | €757 | -€221 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €384 | €12,738 | +€12,353 | +3213.7% |
| Income taxes | 67/77 | €584 | €1,122 | +€537 | +92.0% |
| Profit (loss) for the period | 9904 | -€200 | €11,616 | +€11,816 | |
| Profit (loss) for the period to be appropriated | 9905 | -€200 | €11,616 | +€11,816 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.