Alfvoet Activities: what changed
Alfvoet Activities
Largest movements
- Receivables within one year +€52,170
up €52,170 (+218%), from €23,893 to €76,063
of which Other amounts receivable: +€53,678
- Cash -€35,221
down €35,221 (-44.4%), from €79,281 to €44,061
mainly Receivables within one year (-€52,170) and Contributions, distributions and other (-€33,709)
- Tangible fixed assets +€16,508
up €16,508 (+161%), from €10,243 to €26,751
of which Furniture and vehicles: +€18,864
- Deferred charges and accrued income -€4,539
no longer reported in 2026 (was €4,539)
- Other debts +€32,178
up €32,178 (+2,067%), from €1,557 to €33,734
- Reserves -€20,576
down €20,576 (-21.2%), from €97,122 to €76,547
- Debts after one year +€11,889
new in 2026: €11,889
- Tax, wage and social debts -€8,889
down €8,889 (-40.4%), from €21,989 to €13,099
of which Taxes: -€7,561
- Profit (loss) carried forward +€6,652
no longer reported in 2026 (was -€6,652)
- Gross operating margin +€16,519
up €16,519 (+42.3%), from €39,041 to €55,560
- Staff costs -€13,623
down €13,623 (-36.3%), from €37,522 to €23,900
- Taxes +€5,765
up €5,765 (+221%), from €2,609 to €8,374
- Financial income +€2,145
up €2,145 (+134,931%), from €2 to €2,147
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,957 | €146,874 | +€28,918 | +24.5% |
| Fixed assets | 21/28 | €10,243 | €26,751 | +€16,508 | +161% |
| Tangible fixed assets | 22/27 | €10,243 | €26,751 | +€16,508 | +161% |
| Land and buildings | 22 | €2,445 | €2,025 | -€421 | -17.2% |
| Plant, machinery and equipment | 23 | €6,983 | €5,047 | -€1,935 | -27.7% |
| Furniture and vehicles | 24 | €815 | €19,679 | +€18,864 | +2,316% |
| Current assets | 29/58 | €107,714 | €120,124 | +€12,410 | +11.5% |
| Amounts receivable within one year | 40/41 | €23,893 | €76,063 | +€52,170 | +218% |
| Trade receivables | 40 | €23,893 | €22,385 | -€1,508 | -6.3% |
| Other amounts receivable | 41 | - | €53,678 | +€53,678 | |
| Cash at bank and in hand | 54/58 | €79,281 | €44,061 | -€35,221 | -44.4% |
| Deferred charges and accrued income | 490/1 | €4,539 | - | -€4,539 | |
| Total equity and liabilities | 10/49 | €117,957 | €146,874 | +€28,918 | +24.5% |
| Equity | 10/15 | €90,970 | €77,047 | -€13,924 | -15.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €97,122 | €76,547 | -€20,576 | -21.2% |
| Distributable reserves | 133 | €97,122 | €76,547 | -€20,576 | -21.2% |
| Profit (loss) carried forward | 14 | -€6,652 | - | +€6,652 | |
| Amounts payable | 17/49 | €26,986 | €69,828 | +€42,841 | +159% |
| Amounts payable after more than one year | 17 | - | €11,889 | +€11,889 | |
| Financial debts | 170/4 | - | €11,889 | +€11,889 | |
| Amounts payable within one year | 42/48 | €26,986 | €57,939 | +€30,953 | +115% |
| Current portion of amounts payable after more than one year | 42 | - | €5,665 | +€5,665 | |
| Trade debts | 44 | €3,441 | €5,441 | +€2,000 | +58.1% |
| Suppliers | 440/4 | €3,441 | €5,441 | +€2,000 | +58.1% |
| Taxes, remuneration and social security | 45 | €21,989 | €13,099 | -€8,889 | -40.4% |
| Taxes | 450/3 | €18,060 | €10,499 | -€7,561 | -41.9% |
| Remuneration and social security | 454/9 | €3,928 | €2,600 | -€1,328 | -33.8% |
| Other amounts payable | 47/48 | €1,557 | €33,734 | +€32,178 | +2,067% |
| Remuneration, social security and pensions | 62 | €37,522 | €23,900 | -€13,623 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,890 | €2,889 | -€1 | 0.0% |
| Other operating charges | 640/8 | €2,508 | €2,487 | -€21 | -0.8% |
| Gross operating margin | 9900 | €39,041 | €55,560 | +€16,519 | +42.3% |
| Operating profit (loss) | 9901 | -€3,879 | €26,285 | +€30,164 | |
| Financial income | 75/76B | €2 | €2,147 | +€2,145 | +134,931% |
| Recurring financial income | 75 | €2 | €2,147 | +€2,145 | +134,931% |
| Financial charges | 65/66B | €166 | €273 | +€107 | +64.4% |
| Recurring financial charges | 65 | €166 | €273 | +€107 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,043 | €28,159 | +€32,203 | |
| Income taxes | 67/77 | €2,609 | €8,374 | +€5,765 | +221% |
| Profit (loss) for the period | 9904 | -€6,652 | €19,785 | +€26,438 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,652 | €19,785 | +€26,438 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.