ALPHAFISCO: 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.
ALPHAFISCO
Largest movements
- Receivables within one year +€15,511
up €15,511 (+61.7%), from €25,152 to €40,663
of which Trade receivables: +€15,077
- Tangible fixed assets -€2,828
down €2,828 (-51.1%), from €5,529 to €2,701
of which Furniture and vehicles: -€2,510
- Tax, wage and social debts +€5,887
up €5,887 (+254.7%), from €2,311 to €8,198
of which Remuneration and social security: +€3,095
- Trade debts +€3,404
up €3,404 (+117.0%), from €2,909 to €6,313
- Debts after one year +€2,359
up €2,359 (+143.5%), from €1,644 to €4,004
- Current portion of long-term debt +€2,056
up €2,056 (+122.8%), from €1,674 to €3,729
- Profit (loss) carried forward -€1,842
down €1,842 (-35.5%), from -€5,195 to -€7,038
- Gross operating margin +€4,214
up €4,214 (+31.9%), from €13,211 to €17,426
- Staff costs +€3,776
up €3,776 (+36.0%), from €10,481 to €14,257
- Taxes +€470
up €470 (+536.7%), from €88 to €558
- Other operating charges -€219
down €219 (-37.2%), from €589 to €369
- Financial income +€179
up €179 (+328.1%), from €54 to €233
of which Non-recurring financial income: +€233
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 | €31,039 | €43,365 | +€12,327 | +39.7% |
| Fixed assets | 21/28 | €5,529 | €2,701 | -€2,828 | -51.1% |
| Tangible fixed assets | 22/27 | €5,529 | €2,701 | -€2,828 | -51.1% |
| Land and buildings | 22 | €1,273 | €955 | -€318 | -25.0% |
| Furniture and vehicles | 24 | €4,256 | €1,747 | -€2,510 | -59.0% |
| Current assets | 29/58 | €25,509 | €40,664 | +€15,154 | +59.4% |
| Amounts receivable within one year | 40/41 | €25,152 | €40,663 | +€15,511 | +61.7% |
| Trade receivables | 40 | €25,137 | €40,213 | +€15,077 | +60.0% |
| Other amounts receivable | 41 | €15 | €449 | +€434 | +2811.2% |
| Cash at bank and in hand | 54/58 | €1 | €1 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €356 | - | -€356 | |
| Total equity and liabilities | 10/49 | €31,039 | €43,365 | +€12,327 | +39.7% |
| Equity | 10/15 | €13,405 | €11,562 | -€1,842 | -13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,195 | -€7,038 | -€1,842 | -35.5% |
| Amounts payable | 17/49 | €17,634 | €31,803 | +€14,169 | +80.3% |
| Amounts payable after more than one year | 17 | €1,644 | €4,004 | +€2,359 | +143.5% |
| Financial debts | 170/4 | €1,644 | €4,004 | +€2,359 | +143.5% |
| Amounts payable within one year | 42/48 | €15,990 | €27,799 | +€11,809 | +73.9% |
| Current portion of amounts payable after more than one year | 42 | €1,674 | €3,729 | +€2,056 | +122.8% |
| Financial debts | 43 | €60 | €558 | +€498 | +828.6% |
| Credit institutions | 430/8 | €60 | €558 | +€498 | +828.6% |
| Trade debts | 44 | €2,909 | €6,313 | +€3,404 | +117.0% |
| Suppliers | 440/4 | €2,909 | €6,313 | +€3,404 | +117.0% |
| Taxes, remuneration and social security | 45 | €2,311 | €8,198 | +€5,887 | +254.7% |
| Taxes | 450/3 | €2,311 | €5,103 | +€2,792 | +120.8% |
| Remuneration and social security | 454/9 | - | €3,095 | +€3,095 | |
| Other amounts payable | 47/48 | €9,036 | €9,000 | -€36 | -0.4% |
| Remuneration, social security and pensions | 62 | €10,481 | €14,257 | +€3,776 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,716 | €2,828 | +€111 | +4.1% |
| Other operating charges | 640/8 | €589 | €369 | -€219 | -37.2% |
| Gross operating margin | 9900 | €13,211 | €17,426 | +€4,214 | +31.9% |
| Operating profit (loss) | 9901 | -€575 | -€28 | +€546 | +95.1% |
| Financial income | 75/76B | €54 | €233 | +€179 | +328.1% |
| Recurring financial income | 75 | €54 | €233 | +€179 | +328.1% |
| Non-recurring financial income | 76B | - | €233 | +€233 | |
| Financial charges | 65/66B | €1,322 | €1,489 | +€168 | +12.7% |
| Recurring financial charges | 65 | €1,322 | €1,489 | +€168 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,842 | -€1,285 | +€557 | +30.3% |
| Income taxes | 67/77 | €88 | €558 | +€470 | +536.7% |
| Profit (loss) for the period | 9904 | -€1,929 | -€1,842 | +€87 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,929 | -€1,842 | +€87 | +4.5% |
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 8 October 2026 via checked.be.