Alfium: 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.
Alfium
Largest movements
- Receivables within one year -€18,696
down €18,696 (-58.1%), from €32,162 to €13,466
of which Trade receivables: -€18,578
- Deferred charges and accrued income +€4,644
up €4,644 (+209%), from €2,221 to €6,865
- Cash -€1,663
down €1,663 (-2.1%), from €78,623 to €76,959
mainly Contributions, distributions and other (-€70,588) and Deferred charges and accrued income (-€4,644)
- Reserves -€31,727
down €31,727 (-30.4%), from €104,321 to €72,594
- Other debts +€14,883
up €14,883 (+286%), from €5,201 to €20,083
- Trade debts +€2,827
up €2,827 (+412%), from €687 to €3,514
- Gross operating margin +€12,933
up €12,933 (+31.6%), from €40,919 to €53,851
- Financial income -€4,733
down €4,733 (-59.5%), from €7,957 to €3,224
of which Financial income: -€4,870
- Other operating charges +€1,130
up €1,130 (+315%), from €359 to €1,488
- Depreciation +€739
up €739 (+79.6%), from €928 to €1,667
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 | €115,805 | €100,898 | -€14,908 | -12.9% |
| Fixed assets | 21/28 | €2,799 | €3,607 | +€808 | +28.9% |
| Tangible fixed assets | 22/27 | €2,799 | €3,607 | +€808 | +28.9% |
| Furniture and vehicles | 24 | €2,799 | €3,607 | +€808 | +28.9% |
| Current assets | 29/58 | €113,006 | €97,291 | -€15,716 | -13.9% |
| Amounts receivable within one year | 40/41 | €32,162 | €13,466 | -€18,696 | -58.1% |
| Trade receivables | 40 | €31,569 | €12,991 | -€18,578 | -58.8% |
| Other amounts receivable | 41 | €593 | €475 | -€118 | -20.0% |
| Cash at bank and in hand | 54/58 | €78,623 | €76,959 | -€1,663 | -2.1% |
| Deferred charges and accrued income | 490/1 | €2,221 | €6,865 | +€4,644 | +209% |
| Total equity and liabilities | 10/49 | €115,805 | €100,898 | -€14,908 | -12.9% |
| Equity | 10/15 | €105,321 | €73,594 | -€31,727 | -30.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €104,321 | €72,594 | -€31,727 | -30.4% |
| Distributable reserves | 133 | €104,321 | €72,594 | -€31,727 | -30.4% |
| Amounts payable | 17/49 | €10,485 | €27,304 | +€16,819 | +160% |
| Amounts payable within one year | 42/48 | €10,485 | €27,304 | +€16,819 | +160% |
| Trade debts | 44 | €687 | €3,514 | +€2,827 | +412% |
| Suppliers | 440/4 | €687 | €3,514 | +€2,827 | +412% |
| Taxes, remuneration and social security | 45 | €4,597 | €3,707 | -€890 | -19.4% |
| Taxes | 450/3 | €4,597 | €3,707 | -€890 | -19.4% |
| Other amounts payable | 47/48 | €5,201 | €20,083 | +€14,883 | +286% |
| Non-recurring operating income | 76A | - | €240 | +€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €928 | €1,667 | +€739 | +79.6% |
| Other operating charges | 640/8 | €359 | €1,488 | +€1,130 | +315% |
| Gross operating margin | 9900 | €40,919 | €53,851 | +€12,933 | +31.6% |
| Operating profit (loss) | 9901 | €39,632 | €50,696 | +€11,064 | +27.9% |
| Financial income | 75/76B | €7,957 | €3,224 | -€4,733 | -59.5% |
| Recurring financial income | 75 | €7,957 | €3,087 | -€4,870 | -61.2% |
| Non-recurring financial income | 76B | - | €137 | +€137 | |
| Financial charges | 65/66B | €772 | €788 | +€17 | +2.1% |
| Recurring financial charges | 65 | €772 | €788 | +€17 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €46,817 | €53,132 | +€6,315 | +13.5% |
| Income taxes | 67/77 | €14,789 | €14,270 | -€519 | -3.5% |
| Profit (loss) for the period | 9904 | €32,028 | €38,862 | +€6,833 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,028 | €38,862 | +€6,833 | +21.3% |
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 29 October 2026 via checked.be.