Alifer: 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.
Alifer
Largest movements
- Receivables within one year +€23,169
up €23,169 (+348%), from €6,658 to €29,827
of which Trade receivables: +€29,183
- Tangible fixed assets +€11,053
up €11,053 (+82.3%), from €13,427 to €24,479
- Cash -€1,101
down €1,101 (-50.2%), from €2,193 to €1,092
mainly Receivables within one year (-€23,169) and Investment in fixed assets (net) (-€11,573)
- Other debts +€26,444
new in 2025: €26,444
- Trade debts +€24,182
up €24,182 (+2,956%), from €818 to €25,000
- Debts after one year -€7,651
no longer reported in 2025 (was €7,651)
- Current portion of long-term debt -€6,700
no longer reported in 2025 (was €6,700)
- Profit (loss) carried forward -€5,582
down €5,582 (-46.3%), from -€12,055 to -€17,637
- Gross operating margin +€10,891
up €10,891 (+678%), from €1,606 to €12,497
- Depreciation -€3,612
down €3,612 (-87.4%), from €4,132 to €521
- Financial charges +€2,865
up €2,865 (+142%), from €2,021 to €4,886
- Other operating charges -€817
down €817 (-24.9%), from €3,276 to €2,459
- Financial income +€231
up €231, from €0 to €231
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 | €22,410 | €55,503 | +€33,094 | +148% |
| Fixed assets | 21/28 | €13,427 | €24,479 | +€11,053 | +82.3% |
| Tangible fixed assets | 22/27 | €13,427 | €24,479 | +€11,053 | +82.3% |
| Furniture and vehicles | 24 | €13,427 | €24,479 | +€11,053 | +82.3% |
| Current assets | 29/58 | €8,983 | €31,024 | +€22,041 | +245% |
| Amounts receivable within one year | 40/41 | €6,658 | €29,827 | +€23,169 | +348% |
| Trade receivables | 40 | €645 | €29,827 | +€29,183 | +4,528% |
| Other amounts receivable | 41 | €6,013 | - | -€6,013 | |
| Cash at bank and in hand | 54/58 | €2,193 | €1,092 | -€1,101 | -50.2% |
| Deferred charges and accrued income | 490/1 | €132 | €105 | -€27 | -20.2% |
| Total equity and liabilities | 10/49 | €22,410 | €55,503 | +€33,094 | +148% |
| Equity | 10/15 | €6,545 | €963 | -€5,582 | -85.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,055 | -€17,637 | -€5,582 | -46.3% |
| Amounts payable | 17/49 | €15,865 | €54,541 | +€38,676 | +244% |
| Amounts payable after more than one year | 17 | €7,651 | - | -€7,651 | |
| Financial debts | 170/4 | €7,651 | - | -€7,651 | |
| Amounts payable within one year | 42/48 | €8,214 | €54,541 | +€46,327 | +564% |
| Current portion of amounts payable after more than one year | 42 | €6,700 | - | -€6,700 | |
| Financial debts | 43 | €51 | - | -€51 | |
| Credit institutions | 430/8 | €51 | - | -€51 | |
| Trade debts | 44 | €818 | €25,000 | +€24,182 | +2,956% |
| Suppliers | 440/4 | €818 | €25,000 | +€24,182 | +2,956% |
| Advances received on contracts in progress | 46 | €645 | €2,854 | +€2,210 | +343% |
| Taxes, remuneration and social security | 45 | €0 | €243 | +€243 | |
| Taxes | 450/3 | €0 | €243 | +€243 | |
| Other amounts payable | 47/48 | - | €26,444 | +€26,444 | |
| Non-recurring operating income | 76A | €0 | €6,699 | +€6,699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,132 | €521 | -€3,612 | -87.4% |
| Other operating charges | 640/8 | €3,276 | €2,459 | -€817 | -24.9% |
| Non-recurring operating charges | 66A | - | €10,444 | +€10,444 | |
| Gross operating margin | 9900 | €1,606 | €12,497 | +€10,891 | +678% |
| Operating profit (loss) | 9901 | -€5,803 | -€927 | +€4,876 | +84.0% |
| Financial income | 75/76B | €0 | €231 | +€231 | |
| Recurring financial income | 75 | €0 | €231 | +€231 | |
| Financial charges | 65/66B | €2,021 | €4,886 | +€2,865 | +142% |
| Recurring financial charges | 65 | €2,021 | €4,886 | +€2,865 | +142% |
| Profit (loss) for the period before taxes | 9903 | -€7,824 | -€5,582 | +€2,242 | +28.7% |
| Profit (loss) for the period | 9904 | -€7,824 | -€5,582 | +€2,242 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,824 | -€5,582 | +€2,242 | +28.7% |
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 21 October 2026 via checked.be.