ALFI CONSEIL: 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.
ALFI CONSEIL
Largest movements
- Cash +€64,199
up €64,199 (+111%), from €57,949 to €122,148
mainly Net result for the year (+€108,801) and Depreciation (+€8,125)
- Receivables within one year +€46,193
up €46,193 (+1,447%), from €3,192 to €49,385
- Tangible fixed assets -€8,125
down €8,125 (-29.7%), from €27,351 to €19,226
- Profit (loss) carried forward +€108,801
up €108,801 (+97.5%), from €111,569 to €220,370
- Debts after one year -€7,549
down €7,549 (-36.2%), from €20,829 to €13,280
- Other debts -€6,066
no longer reported in 2025 (was €6,066)
- Tax, wage and social debts +€4,858
up €4,858 (+19.8%), from €24,566 to €29,423
- Gross operating margin -€48,042
down €48,042 (-24.0%), from €199,779 to €151,737
- Taxes -€9,346
down €9,346 (-21.7%), from €43,131 to €33,785
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 | €190,907 | €293,047 | +€102,141 | +53.5% |
| Fixed assets | 21/28 | €30,451 | €22,326 | -€8,125 | -26.7% |
| Tangible fixed assets | 22/27 | €27,351 | €19,226 | -€8,125 | -29.7% |
| Furniture and vehicles | 24 | €27,351 | €19,226 | -€8,125 | -29.7% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €160,456 | €270,721 | +€110,266 | +68.7% |
| Amounts receivable within one year | 40/41 | €3,192 | €49,385 | +€46,193 | +1,447% |
| Other amounts receivable | 41 | €3,192 | €49,385 | +€46,193 | +1,447% |
| Current investments | 50/53 | €98,789 | €98,789 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,949 | €122,148 | +€64,199 | +111% |
| Deferred charges and accrued income | 490/1 | €526 | €400 | -€126 | -23.9% |
| Total equity and liabilities | 10/49 | €190,907 | €293,047 | +€102,141 | +53.5% |
| Equity | 10/15 | €132,029 | €240,830 | +€108,801 | +82.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,569 | €220,370 | +€108,801 | +97.5% |
| Amounts payable | 17/49 | €58,877 | €52,217 | -€6,660 | -11.3% |
| Amounts payable after more than one year | 17 | €20,829 | €13,280 | -€7,549 | -36.2% |
| Financial debts | 170/4 | €20,829 | €13,280 | -€7,549 | -36.2% |
| Amounts payable within one year | 42/48 | €38,048 | €38,937 | +€889 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €7,250 | €7,549 | +€299 | +4.1% |
| Trade debts | 44 | €167 | €1,965 | +€1,799 | +1,078% |
| Suppliers | 440/4 | €167 | €1,965 | +€1,799 | +1,078% |
| Taxes, remuneration and social security | 45 | €24,566 | €29,423 | +€4,858 | +19.8% |
| Taxes | 450/3 | €24,566 | €29,423 | +€4,858 | +19.8% |
| Other amounts payable | 47/48 | €6,066 | - | -€6,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,301 | €8,125 | -€1,176 | -12.6% |
| Other operating charges | 640/8 | €916 | €1,335 | +€419 | +45.8% |
| Gross operating margin | 9900 | €199,779 | €151,737 | -€48,042 | -24.0% |
| Operating profit (loss) | 9901 | €189,562 | €142,277 | -€47,285 | -24.9% |
| Financial income | 75/76B | €68 | €1,674 | +€1,606 | +2,370% |
| Recurring financial income | 75 | €68 | €1,674 | +€1,606 | +2,370% |
| Financial charges | 65/66B | €2,981 | €1,364 | -€1,616 | -54.2% |
| Recurring financial charges | 65 | €2,981 | €1,301 | -€1,680 | -56.4% |
| Non-recurring financial charges | 66B | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | €186,650 | €142,586 | -€44,063 | -23.6% |
| Income taxes | 67/77 | €43,131 | €33,785 | -€9,346 | -21.7% |
| Profit (loss) for the period | 9904 | €143,518 | €108,801 | -€34,717 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €143,518 | €108,801 | -€34,717 | -24.2% |
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 20 October 2026 via checked.be.