BF3 ALPHA: 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.
BF3 ALPHA
Largest movements
- Receivables within one year +€8.8m
up €8.8m (+1428.9%), from €616,249 to €9.4m
- Receivables after one year -€8.3m
down €8.3m (-100.0%), from €8.3m to €0
- Short-term financial debts +€17.3m
new in 2025: €17.3m
- Debts after one year -€16.1m
down €16.1m (-74.6%), from €21.6m to €5.5m
- Profit (loss) carried forward -€742,650
down €742,650 (-65.4%), from -€1.1m to -€1.9m
- Financial charges -€337,155
down €337,155 (-31.4%), from €1.1m to €736,755
- Other operating charges -€72,635
down €72,635 (-30.7%), from €236,909 to €164,274
- Gross operating margin -€17,414
down €17,414 (-9.9%), from €175,793 to €158,379
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 | €20,727,533 | €21,218,279 | +€490,747 | +2.4% |
| Current assets | 29/58 | €20,727,533 | €21,218,279 | +€490,747 | +2.4% |
| Amounts receivable after more than one year | 29 | €8,328,616 | €0 | -€8.3m | -100.0% |
| Other amounts receivable | 291 | €8,328,616 | €0 | -€8.3m | -100.0% |
| Stocks and contracts in progress | 3 | €11,620,465 | €11,620,465 | = | 0.0% |
| Stocks | 30/36 | €11,620,465 | €11,620,465 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €616,249 | €9,421,828 | +€8.8m | +1428.9% |
| Other amounts receivable | 41 | €616,249 | €9,421,828 | +€8.8m | +1428.9% |
| Cash at bank and in hand | 54/58 | €159,711 | €144,957 | -€14,754 | -9.2% |
| Deferred charges and accrued income | 490/1 | €2,491 | €31,029 | +€28,538 | +1145.6% |
| Total equity and liabilities | 10/49 | €20,727,533 | €21,218,279 | +€490,747 | +2.4% |
| Equity | 10/15 | -€1,066,026 | -€1,808,676 | -€742,650 | -69.7% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Capital | 10 | €69,000 | €69,000 | = | 0.0% |
| Issued capital | 100 | €69,000 | €69,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,135,026 | -€1,877,676 | -€742,650 | -65.4% |
| Amounts payable | 17/49 | €21,793,559 | €23,026,956 | +€1.2m | +5.7% |
| Amounts payable after more than one year | 17 | €21,563,520 | €5,474,503 | -€16.1m | -74.6% |
| Financial debts | 170/4 | €21,563,520 | €5,474,503 | -€16.1m | -74.6% |
| Amounts payable within one year | 42/48 | €198,231 | €17,490,562 | +€17.3m | +8723.3% |
| Financial debts | 43 | - | €17,325,000 | +€17.3m | |
| Credit institutions | 430/8 | - | €17,325,000 | +€17.3m | |
| Trade debts | 44 | €198,231 | €165,562 | -€32,668 | -16.5% |
| Suppliers | 440/4 | €198,231 | €165,562 | -€32,668 | -16.5% |
| Accrued charges and deferred income | 492/3 | €31,808 | €61,890 | +€30,082 | +94.6% |
| Other operating charges | 640/8 | €236,909 | €164,274 | -€72,635 | -30.7% |
| Gross operating margin | 9900 | €175,793 | €158,379 | -€17,414 | -9.9% |
| Operating profit (loss) | 9901 | -€61,116 | -€5,895 | +€55,221 | +90.4% |
| Financial charges | 65/66B | €1,073,910 | €736,755 | -€337,155 | -31.4% |
| Recurring financial charges | 65 | €1,073,910 | €736,755 | -€337,155 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,135,026 | -€742,650 | +€392,377 | +34.6% |
| Profit (loss) for the period | 9904 | -€1,135,026 | -€742,650 | +€392,377 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,135,026 | -€742,650 | +€392,377 | +34.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.