ALPHAFOODS: what changed
Two financial 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.
ALPHAFOODS
Largest movements
- Receivables within one year -€264,933
down €264,933 (-46.4%), from €571,403 to €306,470
of which Trade receivables: -€295,775
- Cash +€95,832
up €95,832 (+34.5%), from €277,692 to €373,524
mainly Receivables within one year (+€264,933) and Net result for the year (+€119,333)
- Stocks and contracts +€14,672
up €14,672 (+9.0%), from €163,852 to €178,524
- Trade debts -€198,467
down €198,467 (-34.5%), from €574,960 to €376,493
- Reserves +€39,333
up €39,333 (+21.4%), from €183,877 to €223,210
of which Distributable reserves: +€39,333
- Gross operating margin -€48,950
down €48,950 (-23.2%), from €210,815 to €161,865
- Taxes +€22,127
up €22,127 (+125.4%), from €17,651 to €39,778
- Financial charges -€5,822
down €5,822 (-61.3%), from €9,499 to €3,677
- Other operating charges -€2,693
down €2,693 (-81.7%), from €3,295 to €602
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 | €1,013,497 | €859,181 | -€154,316 | -15.2% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €1,013,497 | €859,181 | -€154,316 | -15.2% |
| Stocks and contracts in progress | 3 | €163,852 | €178,524 | +€14,672 | +9.0% |
| Stocks | 30/36 | €163,852 | €178,524 | +€14,672 | +9.0% |
| Amounts receivable within one year | 40/41 | €571,403 | €306,470 | -€264,933 | -46.4% |
| Trade receivables | 40 | €539,054 | €243,279 | -€295,775 | -54.9% |
| Other amounts receivable | 41 | €32,349 | €63,191 | +€30,842 | +95.3% |
| Cash at bank and in hand | 54/58 | €277,692 | €373,524 | +€95,832 | +34.5% |
| Deferred charges and accrued income | 490/1 | €550 | €663 | +€113 | +20.5% |
| Total equity and liabilities | 10/49 | €1,013,497 | €859,181 | -€154,316 | -15.2% |
| Equity | 10/15 | €246,478 | €285,811 | +€39,333 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,877 | €223,210 | +€39,333 | +21.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €182,017 | €221,350 | +€39,333 | +21.6% |
| Profit (loss) carried forward | 14 | €44,001 | €44,001 | = | 0.0% |
| Amounts payable | 17/49 | €767,018 | €573,370 | -€193,649 | -25.2% |
| Amounts payable within one year | 42/48 | €767,018 | €573,370 | -€193,649 | -25.2% |
| Trade debts | 44 | €574,960 | €376,493 | -€198,467 | -34.5% |
| Suppliers | 440/4 | €574,960 | €376,493 | -€198,467 | -34.5% |
| Taxes, remuneration and social security | 45 | €11,221 | €20,192 | +€8,972 | +80.0% |
| Taxes | 450/3 | €11,221 | €20,192 | +€8,972 | +80.0% |
| Other amounts payable | 47/48 | €180,838 | €176,684 | -€4,154 | -2.3% |
| Other operating charges | 640/8 | €3,295 | €602 | -€2,693 | -81.7% |
| Gross operating margin | 9900 | €210,815 | €161,865 | -€48,950 | -23.2% |
| Operating profit (loss) | 9901 | €207,520 | €161,263 | -€46,257 | -22.3% |
| Financial income | 75/76B | €1,648 | €1,525 | -€123 | -7.5% |
| Recurring financial income | 75 | €1,648 | €1,525 | -€123 | -7.5% |
| Financial charges | 65/66B | €9,499 | €3,677 | -€5,822 | -61.3% |
| Recurring financial charges | 65 | €9,499 | €3,677 | -€5,822 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €199,669 | €159,111 | -€40,558 | -20.3% |
| Income taxes | 67/77 | €17,651 | €39,778 | +€22,127 | +125.4% |
| Profit (loss) for the period | 9904 | €182,017 | €119,333 | -€62,685 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €182,017 | €119,333 | -€62,685 | -34.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.