ALFA EQUIPMENTS: 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 EQUIPMENTS
Largest movements
- Stocks and contracts +€41,688
up €41,688 (+43.4%), from €96,060 to €137,748
- Cash -€18,399
down €18,399 (-98.9%), from €18,598 to €199
mainly Investment in fixed assets (net) (-€45,181) and Stocks and contracts (-€41,688)
- Deferred charges and accrued income +€17,628
up €17,628 (+84.0%), from €20,992 to €38,620
- Reserves +€62,969
up €62,969 (+67.7%), from €93,015 to €155,984
- Trade debts -€21,704
down €21,704 (-39.8%), from €54,502 to €32,798
- Tax, wage and social debts -€18,383
down €18,383 (-36.8%), from €49,983 to €31,600
- Other debts -€17,900
down €17,900 (-16.6%), from €107,845 to €89,945
- Debts after one year +€17,504
up €17,504 (+28.4%), from €61,595 to €79,099
- Gross operating margin +€51,583
up €51,583 (+18.4%), from €280,098 to €331,681
- Staff costs +€35,632
up €35,632 (+23.8%), from €149,818 to €185,450
- Write-downs -€11,922
down €11,922, from €11,828 to -€94
- Financial income +€9,312
up €9,312 (+2153.2%), from €433 to €9,745
- Taxes +€6,759
up €6,759 (+38.0%), from €17,777 to €24,537
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 | €497,322 | €538,464 | +€41,142 | +8.3% |
| Fixed assets | 21/28 | €302,853 | €300,693 | -€2,160 | -0.7% |
| Tangible fixed assets | 22/27 | €302,853 | €300,693 | -€2,160 | -0.7% |
| Land and buildings | 22 | €236,849 | €215,972 | -€20,877 | -8.8% |
| Plant, machinery and equipment | 23 | €8,451 | €6,102 | -€2,349 | -27.8% |
| Furniture and vehicles | 24 | €34,544 | €64,474 | +€29,930 | +86.6% |
| Leasing and similar rights | 25 | €23,009 | €14,144 | -€8,865 | -38.5% |
| Current assets | 29/58 | €194,469 | €237,771 | +€43,303 | +22.3% |
| Stocks and contracts in progress | 3 | €96,060 | €137,748 | +€41,688 | +43.4% |
| Stocks | 30/36 | €96,060 | €137,748 | +€41,688 | +43.4% |
| Amounts receivable within one year | 40/41 | €58,818 | €61,203 | +€2,386 | +4.1% |
| Trade receivables | 40 | €39,478 | €38,652 | -€826 | -2.1% |
| Other amounts receivable | 41 | €19,340 | €22,552 | +€3,212 | +16.6% |
| Cash at bank and in hand | 54/58 | €18,598 | €199 | -€18,399 | -98.9% |
| Deferred charges and accrued income | 490/1 | €20,992 | €38,620 | +€17,628 | +84.0% |
| Total equity and liabilities | 10/49 | €497,322 | €538,464 | +€41,142 | +8.3% |
| Equity | 10/15 | €170,119 | €233,088 | +€62,969 | +37.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €58,505 | €58,505 | = | 0.0% |
| Reserves | 13 | €93,015 | €155,984 | +€62,969 | +67.7% |
| Distributable reserves | 133 | €93,015 | €155,984 | +€62,969 | +67.7% |
| Amounts payable | 17/49 | €327,202 | €305,375 | -€21,827 | -6.7% |
| Amounts payable after more than one year | 17 | €61,595 | €79,099 | +€17,504 | +28.4% |
| Financial debts | 170/4 | €61,595 | €79,099 | +€17,504 | +28.4% |
| Amounts payable within one year | 42/48 | €265,377 | €223,619 | -€41,758 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €20,975 | €32,061 | +€11,086 | +52.9% |
| Financial debts | 43 | €32,072 | €37,215 | +€5,143 | +16.0% |
| Credit institutions | 430/8 | €32,072 | €37,215 | +€5,143 | +16.0% |
| Trade debts | 44 | €54,502 | €32,798 | -€21,704 | -39.8% |
| Suppliers | 440/4 | €54,502 | €32,798 | -€21,704 | -39.8% |
| Taxes, remuneration and social security | 45 | €49,983 | €31,600 | -€18,383 | -36.8% |
| Taxes | 450/3 | €49,983 | €31,600 | -€18,383 | -36.8% |
| Other amounts payable | 47/48 | €107,845 | €89,945 | -€17,900 | -16.6% |
| Accrued charges and deferred income | 492/3 | €230 | €2,657 | +€2,428 | +1057.5% |
| Remuneration, social security and pensions | 62 | €149,818 | €185,450 | +€35,632 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,806 | €47,342 | +€4,536 | +10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,828 | -€94 | -€11,922 | |
| Other operating charges | 640/8 | €7,112 | €9,268 | +€2,155 | +30.3% |
| Gross operating margin | 9900 | €280,098 | €331,681 | +€51,583 | +18.4% |
| Operating profit (loss) | 9901 | €68,535 | €89,716 | +€21,181 | +30.9% |
| Financial income | 75/76B | €433 | €9,745 | +€9,312 | +2153.2% |
| Recurring financial income | 75 | €433 | €9,745 | +€9,312 | +2153.2% |
| Financial charges | 65/66B | €9,908 | €11,955 | +€2,047 | +20.7% |
| Recurring financial charges | 65 | €9,908 | €11,955 | +€2,047 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €59,059 | €87,506 | +€28,447 | +48.2% |
| Income taxes | 67/77 | €17,777 | €24,537 | +€6,759 | +38.0% |
| Profit (loss) for the period | 9904 | €41,282 | €62,969 | +€21,688 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,282 | €62,969 | +€21,688 | +52.5% |
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 30 September 2026 via checked.be.