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
- Current investments +€20,000
up €20,000 (+33.3%), from €60,000 to €80,000
- Cash -€8,081
down €8,081 (-18.6%), from €43,530 to €35,450
mainly Current investments (-€20,000) and Trade debts (-€373)
- Receivables within one year -€5,788
down €5,788 (-4.2%), from €137,013 to €131,225
- Reserves +€6,136
up €6,136 (+6.2%), from €98,475 to €104,611
- Financial income -€344
down €344 (-14.2%), from €2,427 to €2,084
- Other operating charges -€84
down €84 (-15.3%), from €549 to €465
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.
Derived cash bridge
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 | €240,543 | €246,675 | +€6,131 | +2.5% |
| Current assets | 29/58 | €240,543 | €246,675 | +€6,131 | +2.5% |
| Amounts receivable within one year | 40/41 | €137,013 | €131,225 | -€5,788 | -4.2% |
| Other amounts receivable | 41 | €137,013 | €131,225 | -€5,788 | -4.2% |
| Current investments | 50/53 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €43,530 | €35,450 | -€8,081 | -18.6% |
| Total equity and liabilities | 10/49 | €240,543 | €246,675 | +€6,131 | +2.5% |
| Equity | 10/15 | €237,576 | €243,713 | +€6,136 | +2.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €98,475 | €104,611 | +€6,136 | +6.2% |
| Distributable reserves | 133 | €98,475 | €104,611 | +€6,136 | +6.2% |
| Profit (loss) carried forward | 14 | €120,510 | €120,510 | = | 0.0% |
| Provisions and deferred taxes | 16 | €198 | €198 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €198 | €198 | = | 0.0% |
| Other liabilities and charges | 164/5 | €198 | €198 | = | 0.0% |
| Amounts payable | 17/49 | €2,769 | €2,764 | -€5 | -0.2% |
| Amounts payable within one year | 42/48 | €2,769 | €2,764 | -€5 | -0.2% |
| Trade debts | 44 | €400 | €27 | -€373 | -93.3% |
| Suppliers | 440/4 | €400 | €27 | -€373 | -93.3% |
| Taxes, remuneration and social security | 45 | €2,369 | €2,737 | +€368 | +15.5% |
| Taxes | 450/3 | €2,369 | €2,737 | +€368 | +15.5% |
| Other operating charges | 640/8 | €549 | €465 | -€84 | -15.3% |
| Gross operating margin | 9900 | €5,225 | €5,249 | +€24 | +0.5% |
| Operating profit (loss) | 9901 | €4,676 | €4,784 | +€108 | +2.3% |
| Financial income | 75/76B | €2,427 | €2,084 | -€344 | -14.2% |
| Recurring financial income | 75 | €2,427 | €2,084 | -€344 | -14.2% |
| Financial charges | 65/66B | €117 | €117 | -€0 | -0.1% |
| Recurring financial charges | 65 | €117 | €117 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €6,986 | €6,750 | -€236 | -3.4% |
| Income taxes | 67/77 | €635 | €614 | -€21 | -3.4% |
| Profit (loss) for the period | 9904 | €6,351 | €6,136 | -€214 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,351 | €6,136 | -€214 | -3.4% |
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 16 October 2026 via checked.be.