OSCAR ALFA: what changed
OSCAR ALFA
Largest movements
- Receivables within one year +€60,898
up €60,898 (+22.8%), from €266,688 to €327,585
of which Trade receivables: +€52,993
- Tangible fixed assets +€41,976
up €41,976 (+27.2%), from €154,605 to €196,581
of which Furniture and vehicles: +€45,976
- Cash -€11,380
down €11,380 (-71.7%), from €15,863 to €4,484
mainly Receivables within one year (-€60,898) and Investment in fixed assets (net) (-€58,000)
- Reserves +€62,597
up €62,597 (+29.0%), from €216,134 to €278,731
- Tax, wage and social debts -€27,050
down €27,050 (-31.1%), from €87,065 to €60,015
- Debts after one year +€23,615
up €23,615 (+11.4%), from €207,191 to €230,806
of which Financial debts: +€19,128
- Current portion of long-term debt +€18,526
up €18,526 (+284%), from €6,520 to €25,046
- Trade debts +€13,235
up €13,235 (+206%), from €6,436 to €19,671
- Gross operating margin -€62,393
down €62,393 (-32.6%), from €191,363 to €128,970
- Taxes -€15,503
down €15,503 (-33.8%), from €45,857 to €30,354
- Financial income -€8,584
no longer reported in 2025 (was €8,584)
- Depreciation -€7,255
down €7,255 (-31.2%), from €23,279 to €16,024
- Other operating charges +€6,092
up €6,092 (+507%), from €1,202 to €7,294
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €940,681 | €1,036,139 | +€95,458 | +10.1% |
| Fixed assets | 21/28 | €595,105 | €637,081 | +€41,976 | +7.1% |
| Tangible fixed assets | 22/27 | €154,605 | €196,581 | +€41,976 | +27.2% |
| Land and buildings | 22 | €146,734 | €142,734 | -€4,000 | -2.7% |
| Furniture and vehicles | 24 | €7,871 | €53,847 | +€45,976 | +584% |
| Financial fixed assets | 28 | €440,500 | €440,500 | = | 0.0% |
| Current assets | 29/58 | €345,575 | €399,058 | +€53,482 | +15.5% |
| Amounts receivable after more than one year | 29 | €60,885 | €65,885 | +€5,000 | +8.2% |
| Other amounts receivable | 291 | €60,885 | €65,885 | +€5,000 | +8.2% |
| Amounts receivable within one year | 40/41 | €266,688 | €327,585 | +€60,898 | +22.8% |
| Trade receivables | 40 | €266,688 | €319,680 | +€52,993 | +19.9% |
| Other amounts receivable | 41 | - | €7,905 | +€7,905 | |
| Cash at bank and in hand | 54/58 | €15,863 | €4,484 | -€11,380 | -71.7% |
| Deferred charges and accrued income | 490/1 | €2,140 | €1,103 | -€1,036 | -48.4% |
| Total equity and liabilities | 10/49 | €940,681 | €1,036,139 | +€95,458 | +10.1% |
| Equity | 10/15 | €626,134 | €688,731 | +€62,597 | +10.0% |
| Contributions | 10/11 | €410,000 | €410,000 | = | 0.0% |
| Reserves | 13 | €216,134 | €278,731 | +€62,597 | +29.0% |
| Distributable reserves | 133 | €216,134 | €278,731 | +€62,597 | +29.0% |
| Amounts payable | 17/49 | €314,547 | €347,408 | +€32,861 | +10.4% |
| Amounts payable after more than one year | 17 | €207,191 | €230,806 | +€23,615 | +11.4% |
| Financial debts | 170/4 | €118,770 | €137,898 | +€19,128 | +16.1% |
| Other amounts payable | 178/9 | €88,421 | €92,908 | +€4,488 | +5.1% |
| Amounts payable within one year | 42/48 | €100,851 | €105,565 | +€4,714 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €6,520 | €25,046 | +€18,526 | +284% |
| Trade debts | 44 | €6,436 | €19,671 | +€13,235 | +206% |
| Suppliers | 440/4 | €6,436 | €19,671 | +€13,235 | +206% |
| Taxes, remuneration and social security | 45 | €87,065 | €60,015 | -€27,050 | -31.1% |
| Taxes | 450/3 | €87,065 | €60,015 | -€27,050 | -31.1% |
| Other amounts payable | 47/48 | €830 | €833 | +€3 | +0.4% |
| Accrued charges and deferred income | 492/3 | €6,506 | €11,037 | +€4,531 | +69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,279 | €16,024 | -€7,255 | -31.2% |
| Other operating charges | 640/8 | €1,202 | €7,294 | +€6,092 | +507% |
| Gross operating margin | 9900 | €191,363 | €128,970 | -€62,393 | -32.6% |
| Operating profit (loss) | 9901 | €166,882 | €105,652 | -€61,230 | -36.7% |
| Financial income | 75/76B | €8,584 | - | -€8,584 | |
| Recurring financial income | 75 | €8,584 | - | -€8,584 | |
| Financial charges | 65/66B | €9,113 | €11,868 | +€2,755 | +30.2% |
| Recurring financial charges | 65 | €9,113 | €11,868 | +€2,755 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €166,353 | €93,784 | -€72,569 | -43.6% |
| Income taxes | 67/77 | €45,857 | €30,354 | -€15,503 | -33.8% |
| Profit (loss) for the period | 9904 | €120,496 | €63,430 | -€57,066 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €120,496 | €63,430 | -€57,066 | -47.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.