ALITHEA: 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.
ALITHEA
Largest movements
- Current investments +€84,777
up €84,777 (+67.5%), from €125,662 to €210,439
- Cash -€18,534
down €18,534 (-67.0%), from €27,679 to €9,145
mainly Current investments (-€84,777) and Receivables within one year (-€1,217)
- Deferred charges and accrued income -€3,000
no longer reported in 2025 (was €3,000)
- Other debts +€58,462
up €58,462 (+1358.6%), from €4,303 to €62,765
- Reserves +€3,000
up €3,000 (+2.4%), from €126,000 to €129,000
of which Distributable reserves: +€3,000
- Gross operating margin -€3,599
down €3,599 (-44.6%), from €8,063 to €4,464
- Taxes -€1,223
down €1,223 (-35.0%), from €3,493 to €2,271
- Depreciation -€446
down €446 (-17.2%), from €2,592 to €2,146
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 | €166,792 | €229,106 | +€62,314 | +37.4% |
| Fixed assets | 21/28 | €9,094 | €6,948 | -€2,146 | -23.6% |
| Tangible fixed assets | 22/27 | €9,094 | €6,948 | -€2,146 | -23.6% |
| Plant, machinery and equipment | 23 | €6,866 | €5,170 | -€1,696 | -24.7% |
| Furniture and vehicles | 24 | €2,228 | €1,778 | -€450 | -20.2% |
| Current assets | 29/58 | €157,699 | €222,158 | +€64,460 | +40.9% |
| Amounts receivable within one year | 40/41 | €1,358 | €2,575 | +€1,217 | +89.7% |
| Trade receivables | 40 | - | €2,339 | +€2,339 | |
| Other amounts receivable | 41 | €1,358 | €236 | -€1,122 | -82.6% |
| Current investments | 50/53 | €125,662 | €210,439 | +€84,777 | +67.5% |
| Cash at bank and in hand | 54/58 | €27,679 | €9,145 | -€18,534 | -67.0% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €166,792 | €229,106 | +€62,314 | +37.4% |
| Equity | 10/15 | €162,357 | €166,189 | +€3,832 | +2.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €126,000 | €129,000 | +€3,000 | +2.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €124,000 | €127,000 | +€3,000 | +2.4% |
| Profit (loss) carried forward | 14 | €16,357 | €17,189 | +€832 | +5.1% |
| Amounts payable | 17/49 | €4,435 | €62,917 | +€58,482 | +1318.6% |
| Amounts payable within one year | 42/48 | €4,435 | €62,917 | +€58,482 | +1318.6% |
| Trade debts | 44 | €132 | €152 | +€20 | +14.8% |
| Suppliers | 440/4 | €132 | €152 | +€20 | +14.8% |
| Other amounts payable | 47/48 | €4,303 | €62,765 | +€58,462 | +1358.6% |
| Non-recurring operating income | 76A | - | €3,151 | +€3,151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,592 | €2,146 | -€446 | -17.2% |
| Other operating charges | 640/8 | €395 | €387 | -€8 | -2.0% |
| Gross operating margin | 9900 | €8,063 | €4,464 | -€3,599 | -44.6% |
| Operating profit (loss) | 9901 | €5,076 | €1,931 | -€3,145 | -62.0% |
| Financial income | 75/76B | €4,267 | €4,324 | +€57 | +1.3% |
| Recurring financial income | 75 | €4,267 | €4,324 | +€57 | +1.3% |
| Financial charges | 65/66B | €122 | €152 | +€30 | +24.5% |
| Recurring financial charges | 65 | €122 | €152 | +€30 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €9,221 | €6,103 | -€3,118 | -33.8% |
| Income taxes | 67/77 | €3,493 | €2,271 | -€1,223 | -35.0% |
| Profit (loss) for the period | 9904 | €5,727 | €3,832 | -€1,895 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,727 | €3,832 | -€1,895 | -33.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.