ALFINCO: 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.
ALFINCO
Largest movements
- Tangible fixed assets -€42,684
down €42,684 (-29.6%), from €144,390 to €101,706
of which Furniture and vehicles: -€21,849
- Receivables within one year +€34,734
up €34,734 (+1292.0%), from €2,689 to €37,423
of which Trade receivables: +€20,168
- Cash +€12,933
up €12,933 (+27.5%), from €46,953 to €59,886
mainly Net result for the year (+€67,547) and Depreciation (+€30,972)
- Current investments +€10,000
up €10,000 (+2.6%), from €390,000 to €400,000
- Reserves +€13,416
up €13,416 (+2.8%), from €487,031 to €500,447
- Gross operating margin +€6,815
up €6,815 (+4.8%), from €142,907 to €149,723
- Depreciation -€5,110
down €5,110 (-14.2%), from €36,081 to €30,972
- Financial income -€4,289
down €4,289 (-46.9%), from €9,145 to €4,856
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 | €586,463 | €602,547 | +€16,084 | +2.7% |
| Fixed assets | 21/28 | €144,390 | €101,706 | -€42,684 | -29.6% |
| Tangible fixed assets | 22/27 | €144,390 | €101,706 | -€42,684 | -29.6% |
| Land and buildings | 22 | €104,506 | €87,288 | -€17,218 | -16.5% |
| Plant, machinery and equipment | 23 | €11,453 | €7,836 | -€3,617 | -31.6% |
| Furniture and vehicles | 24 | €28,431 | €6,582 | -€21,849 | -76.8% |
| Current assets | 29/58 | €442,073 | €500,841 | +€58,768 | +13.3% |
| Amounts receivable within one year | 40/41 | €2,689 | €37,423 | +€34,734 | +1292.0% |
| Trade receivables | 40 | €0 | €20,168 | +€20,168 | |
| Other amounts receivable | 41 | €2,689 | €17,255 | +€14,566 | +541.8% |
| Current investments | 50/53 | €390,000 | €400,000 | +€10,000 | +2.6% |
| Cash at bank and in hand | 54/58 | €46,953 | €59,886 | +€12,933 | +27.5% |
| Deferred charges and accrued income | 490/1 | €2,432 | €3,532 | +€1,100 | +45.2% |
| Total equity and liabilities | 10/49 | €586,463 | €602,547 | +€16,084 | +2.7% |
| Equity | 10/15 | €568,877 | €582,293 | +€13,416 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €487,031 | €500,447 | +€13,416 | +2.8% |
| Distributable reserves | 133 | €487,031 | €500,447 | +€13,416 | +2.8% |
| Profit (loss) carried forward | 14 | €63,246 | €63,246 | = | 0.0% |
| Amounts payable | 17/49 | €17,586 | €20,254 | +€2,668 | +15.2% |
| Amounts payable within one year | 42/48 | €17,586 | €20,254 | +€2,668 | +15.2% |
| Financial debts | 43 | - | €277 | +€277 | |
| Credit institutions | 430/8 | - | €277 | +€277 | |
| Trade debts | 44 | €875 | €1,665 | +€790 | +90.2% |
| Suppliers | 440/4 | €875 | €1,665 | +€790 | +90.2% |
| Taxes, remuneration and social security | 45 | €16,711 | €17,120 | +€409 | +2.4% |
| Taxes | 450/3 | €13,538 | €13,835 | +€297 | +2.2% |
| Remuneration and social security | 454/9 | €3,173 | €3,285 | +€113 | +3.6% |
| Other amounts payable | 47/48 | €0 | €1,192 | +€1,192 | |
| Remuneration, social security and pensions | 62 | €26,023 | €26,704 | +€681 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,081 | €30,972 | -€5,110 | -14.2% |
| Other operating charges | 640/8 | €1,632 | €1,740 | +€108 | +6.6% |
| Non-recurring operating charges | 66A | €0 | €1,712 | +€1,712 | |
| Gross operating margin | 9900 | €142,907 | €149,723 | +€6,815 | +4.8% |
| Operating profit (loss) | 9901 | €79,171 | €88,595 | +€9,424 | +11.9% |
| Financial income | 75/76B | €9,145 | €4,856 | -€4,289 | -46.9% |
| Recurring financial income | 75 | €9,145 | €4,856 | -€4,289 | -46.9% |
| Financial charges | 65/66B | €135 | €160 | +€25 | +18.3% |
| Recurring financial charges | 65 | €135 | €160 | +€25 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €88,181 | €93,292 | +€5,111 | +5.8% |
| Income taxes | 67/77 | €24,356 | €25,745 | +€1,389 | +5.7% |
| Profit (loss) for the period | 9904 | €63,824 | €67,547 | +€3,722 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,824 | €67,547 | +€3,722 | +5.8% |
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 9 October 2026 via checked.be.