ALFIMO: 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.
ALFIMO
Largest movements
- Receivables within one year +€454,561
up €454,561 (+103544.6%), from €439 to €455,000
of which Other amounts receivable: +€454,722
- Tangible fixed assets -€33,153
down €33,153 (-14.6%), from €227,439 to €194,286
of which Land and buildings: -€35,572
- Current investments -€30,779
down €30,779 (-30.5%), from €100,974 to €70,195
- Cash +€15,417
up €15,417 (+69.8%), from €22,084 to €37,501
mainly Net result for the year (+€293,655) and Short-term financial debts (+€101,141)
- Reserves +€211,531
up €211,531 (+491.2%), from €43,068 to €254,599
of which Distributable reserves: +€211,531
- Short-term financial debts +€101,141
new in 2025: €101,141
- Profit (loss) carried forward +€44,124
no longer reported in 2025 (was -€44,124)
- Other debts +€38,000
new in 2025: €38,000
- Trade debts +€17,155
up €17,155 (+3437.9%), from €499 to €17,654
- Financial income +€427,496
up €427,496 (+48579.1%), from €880 to €428,376
of which Non-recurring financial income: +€428,194
- Taxes +€105,034
new in 2025: €105,034
- Gross operating margin -€18,005
down €18,005, from €969 to -€17,036
- Depreciation -€3,301
down €3,301 (-26.5%), from €12,440 to €9,139
- Financial charges +€1,714
up €1,714 (+97.3%), from -€1,762 to -€48
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 | €351,838 | €759,002 | +€407,164 | +115.7% |
| Fixed assets | 21/28 | €227,439 | €194,286 | -€33,153 | -14.6% |
| Tangible fixed assets | 22/27 | €227,439 | €194,286 | -€33,153 | -14.6% |
| Land and buildings | 22 | €227,210 | €191,638 | -€35,572 | -15.7% |
| Plant, machinery and equipment | 23 | €229 | €2,648 | +€2,419 | +1056.3% |
| Current assets | 29/58 | €124,399 | €564,716 | +€440,317 | +354.0% |
| Amounts receivable within one year | 40/41 | €439 | €455,000 | +€454,561 | +103544.6% |
| Trade receivables | 40 | €161 | - | -€161 | |
| Other amounts receivable | 41 | €278 | €455,000 | +€454,722 | +163569.1% |
| Current investments | 50/53 | €100,974 | €70,195 | -€30,779 | -30.5% |
| Cash at bank and in hand | 54/58 | €22,084 | €37,501 | +€15,417 | +69.8% |
| Deferred charges and accrued income | 490/1 | €902 | €2,020 | +€1,118 | +123.9% |
| Total equity and liabilities | 10/49 | €351,838 | €759,002 | +€407,164 | +115.7% |
| Equity | 10/15 | €323,144 | €578,799 | +€255,655 | +79.1% |
| Contributions | 10/11 | €324,200 | €324,200 | = | 0.0% |
| Capital | 10 | €324,200 | €324,200 | = | 0.0% |
| Issued capital | 100 | €324,200 | €324,200 | = | 0.0% |
| Reserves | 13 | €43,068 | €254,599 | +€211,531 | +491.2% |
| Non-distributable reserves | 130/1 | €32,501 | €32,501 | = | 0.0% |
| Legal reserve | 130 | €32,420 | €32,420 | = | 0.0% |
| Reserves not available under the articles | 1311 | €81 | €81 | = | 0.0% |
| Distributable reserves | 133 | €10,567 | €222,098 | +€211,531 | +2001.8% |
| Profit (loss) carried forward | 14 | -€44,124 | - | +€44,124 | |
| Amounts payable | 17/49 | €28,694 | €180,203 | +€151,509 | +528.0% |
| Amounts payable after more than one year | 17 | €17,500 | €6,516 | -€10,984 | -62.8% |
| Financial debts | 170/4 | €17,500 | €6,516 | -€10,984 | -62.8% |
| Amounts payable within one year | 42/48 | €11,135 | €172,690 | +€161,555 | +1450.9% |
| Current portion of amounts payable after more than one year | 42 | €10,491 | €10,930 | +€439 | +4.2% |
| Financial debts | 43 | - | €101,141 | +€101,141 | |
| Credit institutions | 430/8 | - | €101,141 | +€101,141 | |
| Trade debts | 44 | €499 | €17,654 | +€17,155 | +3437.9% |
| Suppliers | 440/4 | €499 | €17,654 | +€17,155 | +3437.9% |
| Taxes, remuneration and social security | 45 | €145 | €4,965 | +€4,820 | +3324.1% |
| Taxes | 450/3 | €145 | €4,965 | +€4,820 | +3324.1% |
| Other amounts payable | 47/48 | - | €38,000 | +€38,000 | |
| Accrued charges and deferred income | 492/3 | €59 | €997 | +€938 | +1589.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,440 | €9,139 | -€3,301 | -26.5% |
| Other operating charges | 640/8 | €3,873 | €3,560 | -€313 | -8.1% |
| Gross operating margin | 9900 | €969 | -€17,036 | -€18,005 | |
| Operating profit (loss) | 9901 | -€15,344 | -€29,735 | -€14,391 | -93.8% |
| Financial income | 75/76B | €880 | €428,376 | +€427,496 | +48579.1% |
| Recurring financial income | 75 | €880 | €182 | -€698 | -79.3% |
| Non-recurring financial income | 76B | - | €428,194 | +€428,194 | |
| Financial charges | 65/66B | -€1,762 | -€48 | +€1,714 | +97.3% |
| Recurring financial charges | 65 | -€1,762 | -€48 | +€1,714 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,702 | €398,689 | +€411,391 | |
| Income taxes | 67/77 | - | €105,034 | +€105,034 | |
| Profit (loss) for the period | 9904 | -€12,702 | €293,655 | +€306,357 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,702 | €293,655 | +€306,357 |
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 5 October 2026 via checked.be.