ALIFAPAD: 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
ALIFAPAD
fiscal year 2021 against 2022filed annual accounts (NBB)
Net result for the year
-€20,698
2021 · -€4,332-€16,367
Equity
-€15,892
2021 · €4,807-€20,698
Cash
€3,998
2021 · €6,175-€2,178
Balance sheet total
€175,904
2021 · €184,899-€8,995
Largest movements
Assets
- Tangible fixed assets -€8,413
down €8,413 (-4.7%), from €178,679 to €170,266
of which Land and buildings: -€9,249
- Cash -€2,178
down €2,178 (-35.3%), from €6,175 to €3,998
mainly Net result for the year (-€20,698) and Investment in fixed assets (net) (-€5,194)
Equity and liabilities
- Profit (loss) carried forward -€20,698
down €20,698 (-28.3%), from -€73,221 to -€93,919
- Trade debts +€6,751
up €6,751 (+689.6%), from €979 to €7,730
of which Suppliers: +€6,751
- Other debts +€4,952
up €4,952 (+2.8%), from €179,114 to €184,066
Income statement
- Purchases and services +€37,538
up €37,538 (+401.8%), from €9,342 to €46,880
- Gross operating margin -€18,062
down €18,062, from €15,717 to -€2,345
- Turnover +€12,106
up €12,106 (+48.3%), from €25,059 to €37,166
- Financial charges -€2,067
down €2,067 (-82.5%), from €2,505 to €437
of which Non-recurring financial charges: -€2,172
- Depreciation +€519
up €519 (+4.0%), from €13,088 to €13,607
From the 2021 result to the 2022 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 2021
-€4,332
Gross operating margin
-€18,062
Depreciation
-€519
Other operating charges
+€147
Financial charges
+€2,067
Result 2022
-€20,698
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3,017
Investment
-€5,194
Financing
€0
Cash 2021
€6,175
From operations (derived)
+€3,017
Net result for the year
-€20,698
Depreciation
+€13,607
Receivables within one year
-€1,596
Trade debts
+€6,751
Other debts
+€4,952
Investment (derived)
-€5,194
Investment in fixed assets (net)
-€5,194
Cash 2022
€3,998
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,899 | €175,904 | -€8,995 | -4.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €178,724 | €170,311 | -€8,413 | -4.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €178,679 | €170,266 | -€8,413 | -4.7% |
| Land and buildings | 22 | €117,691 | €108,441 | -€9,249 | -7.9% |
| Plant, machinery and equipment | 23 | €60,989 | €61,825 | +€836 | +1.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €6,175 | €5,594 | -€582 | -9.4% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €0 | €1,596 | +€1,596 | |
| Trade receivables | 40 | €0 | €1,596 | +€1,596 | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €6,175 | €3,998 | -€2,178 | -35.3% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €184,899 | €175,904 | -€8,995 | -4.9% |
| Equity | 10/15 | €4,807 | -€15,892 | -€20,698 | |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Uncalled capital | 101 | €0 | €0 | = | |
| Outside capital | 11 | €0 | €0 | = | |
| Share premium | 1100/10 | €0 | €0 | = | |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €15,527 | €15,527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Legal reserve | 130 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €15,527 | €15,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,221 | -€93,919 | -€20,698 | -28.3% |
| Investment grants | 15 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Amounts payable | 17/49 | €180,093 | €191,796 | +€11,703 | +6.5% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €180,093 | €191,796 | +€11,703 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €979 | €7,730 | +€6,751 | +689.6% |
| Suppliers | 440/4 | €979 | €7,730 | +€6,751 | +689.6% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €179,114 | €184,066 | +€4,952 | +2.8% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Turnover | 70 | €25,059 | €37,166 | +€12,106 | +48.3% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,342 | €46,880 | +€37,538 | +401.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,088 | €13,607 | +€519 | +4.0% |
| Other operating charges | 640/8 | €4,456 | €4,308 | -€147 | -3.3% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €15,717 | -€2,345 | -€18,062 | |
| Operating profit (loss) | 9901 | -€1,827 | -€20,261 | -€18,434 | -1009.1% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Financial charges | 65/66B | €2,505 | €437 | -€2,067 | -82.5% |
| Recurring financial charges | 65 | €333 | €437 | +€104 | +31.3% |
| Non-recurring financial charges | 66B | €2,172 | - | -€2,172 | |
| Profit (loss) for the period before taxes | 9903 | -€4,332 | -€20,698 | -€16,367 | -377.8% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€4,332 | -€20,698 | -€16,367 | -377.8% |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,332 | -€20,698 | -€16,367 | -377.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.