ALFA: 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.
ALFA
Largest movements
- Receivables after one year +€168,000
new in 2024: €168,000
- Receivables within one year -€126,383
down €126,383 (-51.6%), from €244,735 to €118,352
of which Other amounts receivable: -€144,059
- Tangible fixed assets +€4,334
up €4,334 (+110%), from €3,932 to €8,266
of which Plant, machinery and equipment: +€4,404
- Financial fixed assets +€4,050
new in 2024: €4,050
- Other debts +€61,710
up €61,710 (+167%), from €37,000 to €98,710
- Tax, wage and social debts -€58,557
down €58,557 (-99.0%), from €59,159 to €602
of which Taxes: -€35,543
- Trade debts +€46,165
up €46,165 (+108%), from €42,609 to €88,774
- Staff costs -€86,057
down €86,057 (-67.0%), from €128,405 to €42,348
- Gross operating margin -€38,289
down €38,289 (-21.9%), from €175,208 to €136,919
- Financial charges -€3,675
down €3,675 (-95.5%), from €3,847 to €172
- Other operating charges -€3,559
down €3,559 (-85.7%), from €4,151 to €592
- Depreciation -€3,066
down €3,066 (-62.9%), from €4,872 to €1,806
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €299,335 | €348,468 | +€49,133 | +16.4% |
| Fixed assets | 21/28 | €4,547 | €12,527 | +€7,980 | +175% |
| Intangible fixed assets | 21 | €615 | €211 | -€404 | -65.7% |
| Tangible fixed assets | 22/27 | €3,932 | €8,266 | +€4,334 | +110% |
| Plant, machinery and equipment | 23 | €3,812 | €8,216 | +€4,404 | +116% |
| Furniture and vehicles | 24 | €121 | €50 | -€71 | -58.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | - | €4,050 | +€4,050 | |
| Current assets | 29/58 | €294,788 | €335,941 | +€41,153 | +14.0% |
| Amounts receivable after more than one year | 29 | - | €168,000 | +€168,000 | |
| Other amounts receivable | 291 | - | €168,000 | +€168,000 | |
| Stocks and contracts in progress | 3 | €31,193 | €31,193 | +€0 | 0.0% |
| Stocks | 30/36 | €31,193 | €31,193 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €244,735 | €118,352 | -€126,383 | -51.6% |
| Trade receivables | 40 | €41,357 | €59,034 | +€17,677 | +42.7% |
| Other amounts receivable | 41 | €203,377 | €59,318 | -€144,059 | -70.8% |
| Cash at bank and in hand | 54/58 | €15,648 | €12,796 | -€2,852 | -18.2% |
| Deferred charges and accrued income | 490/1 | €3,213 | €5,600 | +€2,387 | +74.3% |
| Total equity and liabilities | 10/49 | €299,335 | €348,468 | +€49,133 | +16.4% |
| Equity | 10/15 | €160,567 | €160,382 | -€185 | -0.1% |
| Contributions | 10/11 | €111,600 | €111,600 | = | 0.0% |
| Reserves | 13 | €47,954 | €48,782 | +€828 | +1.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,428 | €5,428 | -€0 | 0.0% |
| Distributable reserves | 133 | €42,526 | €43,354 | +€828 | +1.9% |
| Profit (loss) carried forward | 14 | €1,013 | - | -€1,013 | |
| Amounts payable | 17/49 | €138,768 | €188,086 | +€49,318 | +35.5% |
| Amounts payable within one year | 42/48 | €138,768 | €188,086 | +€49,318 | +35.5% |
| Trade debts | 44 | €42,609 | €88,774 | +€46,165 | +108% |
| Suppliers | 440/4 | €42,609 | €88,774 | +€46,165 | +108% |
| Taxes, remuneration and social security | 45 | €59,159 | €602 | -€58,557 | -99.0% |
| Taxes | 450/3 | €36,145 | €602 | -€35,543 | -98.3% |
| Remuneration and social security | 454/9 | €23,014 | - | -€23,014 | |
| Other amounts payable | 47/48 | €37,000 | €98,710 | +€61,710 | +167% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €70,338 | +€70,338 | |
| Remuneration, social security and pensions | 62 | €128,405 | €42,348 | -€86,057 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,872 | €1,806 | -€3,066 | -62.9% |
| Other operating charges | 640/8 | €4,151 | €592 | -€3,559 | -85.7% |
| Non-recurring operating charges | 66A | €3,099 | €1,281 | -€1,818 | -58.7% |
| Gross operating margin | 9900 | €175,208 | €136,919 | -€38,289 | -21.9% |
| Operating profit (loss) | 9901 | €34,682 | €90,892 | +€56,210 | +162% |
| Financial income | 75/76B | €6,770 | €9,421 | +€2,651 | +39.1% |
| Recurring financial income | 75 | €6,770 | €9,421 | +€2,651 | +39.1% |
| Financial charges | 65/66B | €3,847 | €172 | -€3,675 | -95.5% |
| Recurring financial charges | 65 | €3,847 | €172 | -€3,675 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €37,606 | €100,141 | +€62,535 | +166% |
| Income taxes | 67/77 | €276 | €326 | +€50 | +18.1% |
| Profit (loss) for the period | 9904 | €37,330 | €99,815 | +€62,485 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €37,330 | €99,815 | +€62,485 | +167% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.