ALFREDO DIFFUSION: 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.
What changed
ALFREDO DIFFUSION
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€24,639
2024 · -€13,247+€37,886
Equity
€438,078
2024 · €413,439+€24,639
Cash
€143,964
2024 · €237,399-€93,435
Balance sheet total
€2.1m
2024 · €2.2m-€141,040
Largest movements
Assets
- Cash -€93,435
down €93,435 (-39.4%), from €237,399 to €143,964
mainly Trade debts (-€103,296) and Investment in fixed assets (net) (-€81,680)
- Stocks and contracts -€48,150
down €48,150 (-39.9%), from €120,562 to €72,413
Equity and liabilities
- Trade debts -€103,296
down €103,296 (-61.6%), from €167,782 to €64,486
- Debts after one year -€47,077
down €47,077 (-3.4%), from €1.4m to €1.4m
- Other debts -€34,854
down €34,854 (-37.5%), from €92,943 to €58,089
- Profit (loss) carried forward +€30,105
up €30,105 (+20.6%), from €146,086 to €176,191
Income statement
- Gross operating margin +€70,943
up €70,943 (+27.9%), from €253,836 to €324,779
- Depreciation +€20,505
up €20,505 (+26.7%), from €76,865 to €97,370
- Taxes +€6,766
up €6,766 (+1892.4%), from €358 to €7,124
- Financial income -€3,414
no longer reported in 2025 (was €3,414)
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.
Result 2024
-€13,247
Gross operating margin
+€70,943
Staff costs
-€310
Depreciation
-€20,505
Other operating charges
-€2,744
Financial income
-€3,414
Financial charges
+€229
Taxes
-€6,766
Deferred taxes and other
+€453
Result 2025
€24,639
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.
From operations
+€13,182
Investment
-€81,680
Financing
-€24,937
Cash 2024
€237,399
From operations (derived)
+€13,182
Net result for the year
+€24,639
Depreciation
+€97,370
Stocks and contracts
+€48,150
Receivables within one year
-€16,847
Deferred charges and accrued income
+€612
Provisions
-€1,822
Trade debts
-€103,296
Tax, wage and social debts
-€771
Other debts
-€34,854
Investment (derived)
-€81,680
Investment in fixed assets (net)
-€81,680
Financing
-€24,937
Debts after one year
-€47,077
Current portion of long-term debt
+€22,140
Cash 2025
€143,964
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,220,803 | €2,079,763 | -€141,040 | -6.4% |
| Fixed assets | 21/28 | €1,683,092 | €1,667,401 | -€15,690 | -0.9% |
| Tangible fixed assets | 22/27 | €1,682,433 | €1,666,742 | -€15,690 | -0.9% |
| Land and buildings | 22 | €1,587,474 | €1,594,884 | +€7,411 | +0.5% |
| Furniture and vehicles | 24 | €933 | €20 | -€913 | -97.9% |
| Leasing and similar rights | 25 | €94,026 | €71,838 | -€22,188 | -23.6% |
| Financial fixed assets | 28 | €659 | €659 | = | 0.0% |
| Current assets | 29/58 | €537,711 | €412,362 | -€125,350 | -23.3% |
| Stocks and contracts in progress | 3 | €120,562 | €72,413 | -€48,150 | -39.9% |
| Stocks | 30/36 | €120,562 | €72,413 | -€48,150 | -39.9% |
| Amounts receivable within one year | 40/41 | €179,138 | €195,985 | +€16,847 | +9.4% |
| Trade receivables | 40 | €21,200 | €21,200 | = | 0.0% |
| Other amounts receivable | 41 | €157,938 | €174,785 | +€16,847 | +10.7% |
| Cash at bank and in hand | 54/58 | €237,399 | €143,964 | -€93,435 | -39.4% |
| Deferred charges and accrued income | 490/1 | €612 | - | -€612 | |
| Total equity and liabilities | 10/49 | €2,220,803 | €2,079,763 | -€141,040 | -6.4% |
| Equity | 10/15 | €413,439 | €438,078 | +€24,639 | +6.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €205,353 | €199,887 | -€5,466 | -2.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €176,277 | €170,812 | -€5,466 | -3.1% |
| Distributable reserves | 133 | €22,875 | €22,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,086 | €176,191 | +€30,105 | +20.6% |
| Provisions and deferred taxes | 16 | €58,759 | €56,937 | -€1,822 | -3.1% |
| Deferred taxes | 168 | €58,759 | €56,937 | -€1,822 | -3.1% |
| Amounts payable | 17/49 | €1,748,605 | €1,584,748 | -€163,857 | -9.4% |
| Amounts payable after more than one year | 17 | €1,405,114 | €1,358,037 | -€47,077 | -3.4% |
| Financial debts | 170/4 | €1,405,114 | €1,358,037 | -€47,077 | -3.4% |
| Amounts payable within one year | 42/48 | €343,491 | €226,711 | -€116,781 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €74,233 | €96,373 | +€22,140 | +29.8% |
| Trade debts | 44 | €167,782 | €64,486 | -€103,296 | -61.6% |
| Suppliers | 440/4 | €167,782 | €64,486 | -€103,296 | -61.6% |
| Taxes, remuneration and social security | 45 | €8,534 | €7,763 | -€771 | -9.0% |
| Remuneration and social security | 454/9 | €8,534 | €7,763 | -€771 | -9.0% |
| Other amounts payable | 47/48 | €92,943 | €58,089 | -€34,854 | -37.5% |
| Remuneration, social security and pensions | 62 | €116,065 | €116,376 | +€310 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,865 | €97,370 | +€20,505 | +26.7% |
| Other operating charges | 640/8 | €23,378 | €26,122 | +€2,744 | +11.7% |
| Gross operating margin | 9900 | €253,836 | €324,779 | +€70,943 | +27.9% |
| Operating profit (loss) | 9901 | €37,527 | €84,910 | +€47,383 | +126.3% |
| Financial income | 75/76B | €3,414 | - | -€3,414 | |
| Recurring financial income | 75 | €3,414 | - | -€3,414 | |
| Financial charges | 65/66B | €55,199 | €54,970 | -€229 | -0.4% |
| Recurring financial charges | 65 | €55,199 | €54,970 | -€229 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,258 | €29,941 | +€44,199 | |
| Transfer from deferred taxes | 780 | €1,369 | €1,822 | +€453 | +33.1% |
| Income taxes | 67/77 | €358 | €7,124 | +€6,766 | +1892.4% |
| Profit (loss) for the period | 9904 | -€13,247 | €24,639 | +€37,886 | |
| Transfer from tax-exempt reserves | 789 | €4,107 | €5,466 | +€1,359 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,140 | €30,105 | +€39,245 |
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 7 October 2026 via checked.be.