ALFA DESIGN: 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.
ALFA DESIGN
Largest movements
- Receivables within one year +€49,217
up €49,217 (+15.2%), from €324,565 to €373,783
of which Other amounts receivable: +€92,183
- Tangible fixed assets -€46,069
down €46,069 (-22.5%), from €204,505 to €158,436
of which Plant, machinery and equipment: -€27,302
- Cash +€25,944
up €25,944 (+313.0%), from €8,289 to €34,233
mainly Net result for the year (+€71,569) and Depreciation (+€48,099)
- Stocks and contracts -€25,000
no longer reported in 2025 (was €25,000)
- Deferred charges and accrued income +€8,853
up €8,853 (+26827.0%), from €33 to €8,886
- Reserves +€71,569
up €71,569 (+69.3%), from €103,311 to €174,880
- Debts after one year -€37,477
down €37,477 (-27.6%), from €135,562 to €98,085
- Accrued charges and deferred income -€31,472
down €31,472 (-98.7%), from €31,872 to €400
- Tax, wage and social debts +€10,526
up €10,526 (+19.7%), from €53,392 to €63,919
of which Taxes: +€7,343
- Current portion of long-term debt +€7,564
up €7,564 (+21.2%), from €35,722 to €43,285
- Gross operating margin +€96,357
up €96,357 (+53.9%), from €178,917 to €275,274
- Staff costs +€32,616
up €32,616 (+45.4%), from €71,903 to €104,519
- Taxes +€14,822
up €14,822 (+97.5%), from €15,199 to €30,021
- Financial charges +€6,931
up €6,931 (+49.2%), from €14,082 to €21,013
- Depreciation +€4,583
up €4,583 (+10.5%), from €43,516 to €48,099
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 | €581,342 | €594,537 | +€13,195 | +2.3% |
| Fixed assets | 21/28 | €223,455 | €177,636 | -€45,819 | -20.5% |
| Tangible fixed assets | 22/27 | €204,505 | €158,436 | -€46,069 | -22.5% |
| Plant, machinery and equipment | 23 | €101,964 | €74,662 | -€27,302 | -26.8% |
| Furniture and vehicles | 24 | €20,966 | €18,013 | -€2,954 | -14.1% |
| Other tangible fixed assets | 26 | €81,575 | €65,761 | -€15,814 | -19.4% |
| Financial fixed assets | 28 | €18,950 | €19,200 | +€250 | +1.3% |
| Current assets | 29/58 | €357,888 | €416,902 | +€59,014 | +16.5% |
| Stocks and contracts in progress | 3 | €25,000 | - | -€25,000 | |
| Stocks | 30/36 | €25,000 | - | -€25,000 | |
| Amounts receivable within one year | 40/41 | €324,565 | €373,783 | +€49,217 | +15.2% |
| Trade receivables | 40 | €149,224 | €106,258 | -€42,966 | -28.8% |
| Other amounts receivable | 41 | €175,342 | €267,525 | +€92,183 | +52.6% |
| Cash at bank and in hand | 54/58 | €8,289 | €34,233 | +€25,944 | +313.0% |
| Deferred charges and accrued income | 490/1 | €33 | €8,886 | +€8,853 | +26827.0% |
| Total equity and liabilities | 10/49 | €581,342 | €594,537 | +€13,195 | +2.3% |
| Equity | 10/15 | €121,903 | €193,472 | +€71,569 | +58.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €103,311 | €174,880 | +€71,569 | +69.3% |
| Distributable reserves | 133 | €103,311 | €174,880 | +€71,569 | +69.3% |
| Amounts payable | 17/49 | €459,440 | €401,066 | -€58,374 | -12.7% |
| Amounts payable after more than one year | 17 | €135,562 | €98,085 | -€37,477 | -27.6% |
| Financial debts | 170/4 | €135,562 | €98,085 | -€37,477 | -27.6% |
| Amounts payable within one year | 42/48 | €292,007 | €302,581 | +€10,574 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €35,722 | €43,285 | +€7,564 | +21.2% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €73,986 | €67,334 | -€6,653 | -9.0% |
| Suppliers | 440/4 | €73,986 | €67,334 | -€6,653 | -9.0% |
| Taxes, remuneration and social security | 45 | €53,392 | €63,919 | +€10,526 | +19.7% |
| Taxes | 450/3 | €41,560 | €48,902 | +€7,343 | +17.7% |
| Remuneration and social security | 454/9 | €11,833 | €15,016 | +€3,184 | +26.9% |
| Other amounts payable | 47/48 | €3,906 | €3,043 | -€863 | -22.1% |
| Accrued charges and deferred income | 492/3 | €31,872 | €400 | -€31,472 | -98.7% |
| Non-recurring operating income | 76A | €40,000 | €507 | -€39,493 | -98.7% |
| Remuneration, social security and pensions | 62 | €71,903 | €104,519 | +€32,616 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,516 | €48,099 | +€4,583 | +10.5% |
| Other operating charges | 640/8 | €2,302 | €1,800 | -€502 | -21.8% |
| Gross operating margin | 9900 | €178,917 | €275,274 | +€96,357 | +53.9% |
| Operating profit (loss) | 9901 | €61,196 | €120,855 | +€59,659 | +97.5% |
| Financial income | 75/76B | €1,139 | €1,748 | +€610 | +53.6% |
| Recurring financial income | 75 | €1,139 | €1,748 | +€610 | +53.6% |
| Financial charges | 65/66B | €14,082 | €21,013 | +€6,931 | +49.2% |
| Recurring financial charges | 65 | €14,082 | €21,013 | +€6,931 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €48,252 | €101,590 | +€53,338 | +110.5% |
| Income taxes | 67/77 | €15,199 | €30,021 | +€14,822 | +97.5% |
| Profit (loss) for the period | 9904 | €33,053 | €71,569 | +€38,516 | +116.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,053 | €71,569 | +€38,516 | +116.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.