ALFONS: 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.
ALFONS
Largest movements
- Cash +€42,341
up €42,341 (+383%), from €11,068 to €53,408
mainly Other debts (+€36,001) and Receivables within one year (+€26,063)
- Receivables within one year -€26,063
down €26,063 (-24.2%), from €107,761 to €81,698
of which Trade receivables: -€19,493
- Stocks and contracts +€24,397
up €24,397 (+9.2%), from €265,603 to €290,000
- Tangible fixed assets -€12,549
down €12,549 (-13.9%), from €90,182 to €77,633
of which Land and buildings: -€7,900
- Other debts +€36,001
up €36,001 (+14.8%), from €243,121 to €279,122
- Debts after one year -€20,794
down €20,794 (-18.3%), from €113,381 to €92,587
- Profit (loss) carried forward +€6,227
up €6,227 (+30.5%), from -€20,434 to -€14,207
- Gross operating margin -€40,758
down €40,758 (-48.2%), from €84,499 to €43,740
- Financial charges -€18,921
down €18,921 (-45.7%), from €41,414 to €22,492
- Other operating charges -€8,955
down €8,955 (-78.4%), from €11,427 to €2,472
- Depreciation +€2,364
up €2,364 (+23.2%), from €10,185 to €12,549
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 | €476,108 | €505,401 | +€29,294 | +6.2% |
| Fixed assets | 21/28 | €90,182 | €77,633 | -€12,549 | -13.9% |
| Tangible fixed assets | 22/27 | €90,182 | €77,633 | -€12,549 | -13.9% |
| Land and buildings | 22 | €67,671 | €59,771 | -€7,900 | -11.7% |
| Plant, machinery and equipment | 23 | €1,046 | €698 | -€349 | -33.3% |
| Furniture and vehicles | 24 | €21,465 | €17,165 | -€4,300 | -20.0% |
| Current assets | 29/58 | €385,926 | €427,768 | +€41,843 | +10.8% |
| Stocks and contracts in progress | 3 | €265,603 | €290,000 | +€24,397 | +9.2% |
| Stocks | 30/36 | €265,603 | €290,000 | +€24,397 | +9.2% |
| Amounts receivable within one year | 40/41 | €107,761 | €81,698 | -€26,063 | -24.2% |
| Trade receivables | 40 | €45,626 | €26,133 | -€19,493 | -42.7% |
| Other amounts receivable | 41 | €62,135 | €55,564 | -€6,570 | -10.6% |
| Cash at bank and in hand | 54/58 | €11,068 | €53,408 | +€42,341 | +383% |
| Deferred charges and accrued income | 490/1 | €1,494 | €2,662 | +€1,168 | +78.2% |
| Total equity and liabilities | 10/49 | €476,108 | €505,401 | +€29,294 | +6.2% |
| Equity | 10/15 | €86,093 | €92,320 | +€6,227 | +7.2% |
| Contributions | 10/11 | €106,527 | €106,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,434 | -€14,207 | +€6,227 | +30.5% |
| Amounts payable | 17/49 | €390,015 | €413,082 | +€23,067 | +5.9% |
| Amounts payable after more than one year | 17 | €113,381 | €92,587 | -€20,794 | -18.3% |
| Financial debts | 170/4 | €113,381 | €92,587 | -€20,794 | -18.3% |
| Amounts payable within one year | 42/48 | €274,774 | €318,684 | +€43,910 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €22,179 | €22,513 | +€334 | +1.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,473 | €12,490 | +€3,017 | +31.8% |
| Suppliers | 440/4 | €9,473 | €12,490 | +€3,017 | +31.8% |
| Taxes, remuneration and social security | 45 | - | €4,559 | +€4,559 | |
| Taxes | 450/3 | - | €4,559 | +€4,559 | |
| Other amounts payable | 47/48 | €243,121 | €279,122 | +€36,001 | +14.8% |
| Accrued charges and deferred income | 492/3 | €1,860 | €1,811 | -€49 | -2.6% |
| Non-recurring operating income | 76A | €67,484 | €0 | -€67,484 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,185 | €12,549 | +€2,364 | +23.2% |
| Other operating charges | 640/8 | €11,427 | €2,472 | -€8,955 | -78.4% |
| Gross operating margin | 9900 | €84,499 | €43,740 | -€40,758 | -48.2% |
| Operating profit (loss) | 9901 | €62,886 | €28,719 | -€34,167 | -54.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €41,414 | €22,492 | -€18,921 | -45.7% |
| Recurring financial charges | 65 | €41,414 | €22,492 | -€18,921 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €21,473 | €6,227 | -€15,246 | -71.0% |
| Profit (loss) for the period | 9904 | €21,473 | €6,227 | -€15,246 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,473 | €6,227 | -€15,246 | -71.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.