Alfra: 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.
Alfra
Largest movements
- Tangible fixed assets +€4,575
up €4,575 (+3.4%), from €133,577 to €138,151
of which Plant, machinery and equipment: +€5,120
- Cash +€2,115
up €2,115 (+31.1%), from €6,805 to €8,919
mainly Net result for the year (+€9,225) and Depreciation (+€1,725)
- Profit (loss) carried forward +€9,225
up €9,225, from -€996 to €8,229
- Other debts -€3,145
down €3,145 (-38.2%), from €8,225 to €5,080
- Gross operating margin +€6,748
up €6,748 (+67.3%), from €10,030 to €16,778
- Taxes +€1,740
up €1,740 (+135.1%), from €1,288 to €3,029
- Depreciation +€644
up €644 (+59.6%), from €1,081 to €1,725
- Other operating charges +€372
up €372 (+16.2%), from €2,301 to €2,674
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 | €141,255 | €148,124 | +€6,868 | +4.9% |
| Fixed assets | 21/28 | €133,577 | €138,151 | +€4,575 | +3.4% |
| Tangible fixed assets | 22/27 | €133,577 | €138,151 | +€4,575 | +3.4% |
| Land and buildings | 22 | €126,426 | €126,426 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,534 | €8,655 | +€5,120 | +144.9% |
| Furniture and vehicles | 24 | €3,616 | €3,071 | -€545 | -15.1% |
| Current assets | 29/58 | €7,679 | €9,972 | +€2,294 | +29.9% |
| Amounts receivable within one year | 40/41 | - | €154 | +€154 | |
| Trade receivables | 40 | - | €154 | +€154 | |
| Cash at bank and in hand | 54/58 | €6,805 | €8,919 | +€2,115 | +31.1% |
| Deferred charges and accrued income | 490/1 | €874 | €899 | +€25 | +2.9% |
| Total equity and liabilities | 10/49 | €141,255 | €148,124 | +€6,868 | +4.9% |
| Equity | 10/15 | €131,742 | €140,967 | +€9,225 | +7.0% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €45,975 | €45,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Distributable reserves | 133 | €37,299 | €37,299 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€996 | €8,229 | +€9,225 | |
| Amounts payable | 17/49 | €9,513 | €7,157 | -€2,356 | -24.8% |
| Amounts payable within one year | 42/48 | €9,513 | €7,157 | -€2,356 | -24.8% |
| Trade debts | 44 | - | €48 | +€48 | |
| Suppliers | 440/4 | - | €48 | +€48 | |
| Taxes, remuneration and social security | 45 | €1,288 | €2,029 | +€740 | +57.5% |
| Taxes | 450/3 | €1,288 | €2,029 | +€740 | +57.5% |
| Other amounts payable | 47/48 | €8,225 | €5,080 | -€3,145 | -38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,081 | €1,725 | +€644 | +59.6% |
| Other operating charges | 640/8 | €2,301 | €2,674 | +€372 | +16.2% |
| Gross operating margin | 9900 | €10,030 | €16,778 | +€6,748 | +67.3% |
| Operating profit (loss) | 9901 | €6,648 | €12,380 | +€5,732 | +86.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €77 | €126 | +€50 | +64.7% |
| Recurring financial charges | 65 | €77 | €126 | +€50 | +64.7% |
| Profit (loss) for the period before taxes | 9903 | €6,572 | €12,254 | +€5,682 | +86.5% |
| Income taxes | 67/77 | €1,288 | €3,029 | +€1,740 | +135.1% |
| Profit (loss) for the period | 9904 | €5,283 | €9,225 | +€3,941 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,283 | €9,225 | +€3,941 | +74.6% |
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 6 October 2026 via checked.be.