ALFIRA: 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.
ALFIRA
Largest movements
- Tangible fixed assets +€26,765
up €26,765 (+175%), from €15,286 to €42,051
of which Other tangible fixed assets: +€23,357
- Cash +€18,827
up €18,827 (+17.7%), from €106,395 to €125,222
mainly Net result for the year (+€31,086) and Receivables within one year (+€9,060)
- Receivables within one year -€9,060
down €9,060 (-6.3%), from €143,559 to €134,499
of which Trade receivables: -€24,703
- Reserves +€31,086
up €31,086 (+12.1%), from €257,859 to €288,945
- Tax, wage and social debts +€7,824
up €7,824 (+173%), from €4,514 to €12,339
- Gross operating margin -€129,701
down €129,701 (-74.5%), from €174,182 to €44,481
- Taxes -€30,687
down €30,687 (-76.7%), from €40,007 to €9,321
- Depreciation +€3,005
up €3,005 (+168%), from €1,785 to €4,791
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,387 | €305,597 | +€37,209 | +13.9% |
| Fixed assets | 21/28 | €15,286 | €42,051 | +€26,765 | +175% |
| Tangible fixed assets | 22/27 | €15,286 | €42,051 | +€26,765 | +175% |
| Furniture and vehicles | 24 | €1,005 | €4,413 | +€3,408 | +339% |
| Other tangible fixed assets | 26 | €14,281 | €37,638 | +€23,357 | +164% |
| Current assets | 29/58 | €253,102 | €263,546 | +€10,444 | +4.1% |
| Amounts receivable within one year | 40/41 | €143,559 | €134,499 | -€9,060 | -6.3% |
| Trade receivables | 40 | €103,219 | €78,515 | -€24,703 | -23.9% |
| Other amounts receivable | 41 | €40,340 | €55,984 | +€15,644 | +38.8% |
| Cash at bank and in hand | 54/58 | €106,395 | €125,222 | +€18,827 | +17.7% |
| Deferred charges and accrued income | 490/1 | €3,148 | €3,824 | +€676 | +21.5% |
| Total equity and liabilities | 10/49 | €268,387 | €305,597 | +€37,209 | +13.9% |
| Equity | 10/15 | €260,359 | €291,445 | +€31,086 | +11.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €257,859 | €288,945 | +€31,086 | +12.1% |
| Distributable reserves | 133 | €257,859 | €288,945 | +€31,086 | +12.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,028 | €14,151 | +€6,123 | +76.3% |
| Amounts payable within one year | 42/48 | €6,228 | €14,151 | +€7,923 | +127% |
| Trade debts | 44 | €1,714 | €1,813 | +€99 | +5.8% |
| Suppliers | 440/4 | €1,714 | €1,813 | +€99 | +5.8% |
| Taxes, remuneration and social security | 45 | €4,514 | €12,339 | +€7,824 | +173% |
| Taxes | 450/3 | €4,514 | €12,339 | +€7,824 | +173% |
| Accrued charges and deferred income | 492/3 | €1,800 | €0 | -€1,800 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,785 | €4,791 | +€3,005 | +168% |
| Other operating charges | 640/8 | €1,275 | €1,509 | +€234 | +18.3% |
| Gross operating margin | 9900 | €174,182 | €44,481 | -€129,701 | -74.5% |
| Operating profit (loss) | 9901 | €171,122 | €38,181 | -€132,941 | -77.7% |
| Financial income | 75/76B | €1,964 | €2,503 | +€539 | +27.4% |
| Recurring financial income | 75 | €1,964 | €2,503 | +€539 | +27.4% |
| Financial charges | 65/66B | €547 | €278 | -€269 | -49.3% |
| Recurring financial charges | 65 | €547 | €278 | -€269 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €172,539 | €40,407 | -€132,132 | -76.6% |
| Income taxes | 67/77 | €40,007 | €9,321 | -€30,687 | -76.7% |
| Profit (loss) for the period | 9904 | €132,531 | €31,086 | -€101,445 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €132,531 | €31,086 | -€101,445 | -76.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.