Aletheja: 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.
Aletheja
Largest movements
- Receivables within one year +€410,581
up €410,581 (+92.8%), from €442,207 to €852,787
of which Other amounts receivable: +€513,654
- Cash +€323,091
up €323,091 (+435.6%), from €74,178 to €397,269
mainly Other debts (+€977,708) and Depreciation (+€28,673)
- Other debts +€977,708
up €977,708 (+277.5%), from €352,362 to €1.3m
- Profit (loss) carried forward -€102,919
down €102,919 (-819.0%), from -€12,566 to -€115,485
- Advances received -€59,500
down €59,500 (-100.0%), from €59,500 to €0
- Tax, wage and social debts -€31,522
down €31,522 (-96.5%), from €32,661 to €1,139
- Trade debts -€30,659
down €30,659 (-81.7%), from €37,545 to €6,886
- Gross operating margin +€241,369
up €241,369 (+74.8%), from -€322,822 to -€81,453
- Financial charges -€26,870
down €26,870 (-73.3%), from €36,682 to €9,812
of which Financial charges: -€34,194
- Taxes -€10,353
down €10,353 (-96.1%), from €10,775 to €423
- Financial income +€6,396
up €6,396 (+174.2%), from €3,671 to €10,066
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.
Cash bridge derived
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 | €712,439 | €1,426,874 | +€714,436 | +100.3% |
| Fixed assets | 21/28 | €192,164 | €174,489 | -€17,676 | -9.2% |
| Tangible fixed assets | 22/27 | €182,006 | €173,259 | -€8,748 | -4.8% |
| Land and buildings | 22 | €80,000 | €80,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €15,783 | €11,169 | -€4,614 | -29.2% |
| Furniture and vehicles | 24 | €1,424 | €19,243 | +€17,819 | +1251.6% |
| Other tangible fixed assets | 26 | €84,799 | €62,847 | -€21,953 | -25.9% |
| Financial fixed assets | 28 | €10,158 | €1,230 | -€8,928 | -87.9% |
| Current assets | 29/58 | €520,275 | €1,252,386 | +€732,111 | +140.7% |
| Amounts receivable within one year | 40/41 | €442,207 | €852,787 | +€410,581 | +92.8% |
| Trade receivables | 40 | €168,123 | €65,050 | -€103,073 | -61.3% |
| Other amounts receivable | 41 | €274,083 | €787,737 | +€513,654 | +187.4% |
| Cash at bank and in hand | 54/58 | €74,178 | €397,269 | +€323,091 | +435.6% |
| Deferred charges and accrued income | 490/1 | €3,890 | €2,329 | -€1,561 | -40.1% |
| Total equity and liabilities | 10/49 | €712,439 | €1,426,874 | +€714,436 | +100.3% |
| Equity | 10/15 | €167,129 | €57,840 | -€109,289 | -65.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €104,695 | €98,325 | -€6,370 | -6.1% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,597 | €14,227 | -€6,370 | -30.9% |
| Distributable reserves | 133 | €76,598 | €76,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,566 | -€115,485 | -€102,919 | -819.0% |
| Provisions and deferred taxes | 16 | €6,866 | €4,742 | -€2,123 | -30.9% |
| Deferred taxes | 168 | €6,866 | €4,742 | -€2,123 | -30.9% |
| Amounts payable | 17/49 | €538,444 | €1,364,292 | +€825,848 | +153.4% |
| Amounts payable after more than one year | 17 | €26,197 | €0 | -€26,197 | -100.0% |
| Financial debts | 170/4 | €26,197 | €0 | -€26,197 | -100.0% |
| Amounts payable within one year | 42/48 | €512,248 | €1,364,292 | +€852,045 | +166.3% |
| Current portion of amounts payable after more than one year | 42 | €30,180 | €26,197 | -€3,983 | -13.2% |
| Trade debts | 44 | €37,545 | €6,886 | -€30,659 | -81.7% |
| Suppliers | 440/4 | €37,545 | €6,886 | -€30,659 | -81.7% |
| Advances received on contracts in progress | 46 | €59,500 | €0 | -€59,500 | -100.0% |
| Taxes, remuneration and social security | 45 | €32,661 | €1,139 | -€31,522 | -96.5% |
| Taxes | 450/3 | €32,661 | €1,139 | -€31,522 | -96.5% |
| Other amounts payable | 47/48 | €352,362 | €1,330,071 | +€977,708 | +277.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,903 | €28,673 | +€1,770 | +6.6% |
| Other operating charges | 640/8 | €3,054 | €1,119 | -€1,936 | -63.4% |
| Non-recurring operating charges | 66A | €111,251 | €0 | -€111,251 | -100.0% |
| Gross operating margin | 9900 | -€322,822 | -€81,453 | +€241,369 | +74.8% |
| Operating profit (loss) | 9901 | -€464,030 | -€111,244 | +€352,785 | +76.0% |
| Financial income | 75/76B | €3,671 | €10,066 | +€6,396 | +174.2% |
| Recurring financial income | 75 | €3,671 | €10,066 | +€6,396 | +174.2% |
| Financial charges | 65/66B | €36,682 | €9,812 | -€26,870 | -73.3% |
| Recurring financial charges | 65 | €36,682 | €2,488 | -€34,194 | -93.2% |
| Non-recurring financial charges | 66B | - | €7,324 | +€7,324 | |
| Profit (loss) for the period before taxes | 9903 | -€497,041 | -€110,990 | +€386,051 | +77.7% |
| Transfer from deferred taxes | 780 | €123,813 | €2,123 | -€121,689 | -98.3% |
| Income taxes | 67/77 | €10,775 | €423 | -€10,353 | -96.1% |
| Profit (loss) for the period | 9904 | -€384,004 | -€109,289 | +€274,715 | +71.5% |
| Transfer from tax-exempt reserves | 789 | €371,438 | €6,370 | -€365,068 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,566 | -€102,919 | -€90,353 | -719.0% |
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 12 October 2026 via checked.be.