ALNATER: 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.
ALNATER
Largest movements
- Cash +€96,501
up €96,501 (+156%), from €61,710 to €158,210
mainly Net result for the year (+€101,473) and Receivables within one year (+€22,740)
- Current investments +€29,303
up €29,303 (+22.9%), from €127,752 to €157,055
- Receivables within one year -€22,740
down €22,740 (-42.1%), from €54,056 to €31,316
of which Trade receivables: -€24,303
- Profit (loss) carried forward +€101,473
up €101,473 (+47.1%), from €215,658 to €317,131
- Financial income +€9,563
up €9,563 (+460%), from €2,081 to €11,644
- Gross operating margin +€8,445
up €8,445 (+7.1%), from €119,537 to €127,981
- Taxes +€3,945
up €3,945 (+15.5%), from €25,492 to €29,437
- Financial charges +€3,637
up €3,637 (+126%), from €2,888 to €6,526
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 | €268,182 | €366,886 | +€98,703 | +36.8% |
| Fixed assets | 21/28 | €6,172 | €5,472 | -€700 | -11.3% |
| Tangible fixed assets | 22/27 | €6,080 | €5,380 | -€700 | -11.5% |
| Land and buildings | 22 | €6,080 | €5,380 | -€700 | -11.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €262,010 | €361,413 | +€99,403 | +37.9% |
| Amounts receivable after more than one year | 29 | €16,500 | €13,435 | -€3,065 | -18.6% |
| Other amounts receivable | 291 | €16,500 | €13,435 | -€3,065 | -18.6% |
| Amounts receivable within one year | 40/41 | €54,056 | €31,316 | -€22,740 | -42.1% |
| Trade receivables | 40 | €51,050 | €26,747 | -€24,303 | -47.6% |
| Other amounts receivable | 41 | €3,006 | €4,569 | +€1,563 | +52.0% |
| Current investments | 50/53 | €127,752 | €157,055 | +€29,303 | +22.9% |
| Cash at bank and in hand | 54/58 | €61,710 | €158,210 | +€96,501 | +156% |
| Deferred charges and accrued income | 490/1 | €1,991 | €1,397 | -€595 | -29.9% |
| Total equity and liabilities | 10/49 | €268,182 | €366,886 | +€98,703 | +36.8% |
| Equity | 10/15 | €236,118 | €337,591 | +€101,473 | +43.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,658 | €317,131 | +€101,473 | +47.1% |
| Amounts payable | 17/49 | €32,064 | €29,294 | -€2,770 | -8.6% |
| Amounts payable within one year | 42/48 | €31,338 | €28,880 | -€2,457 | -7.8% |
| Trade debts | 44 | €745 | €845 | +€100 | +13.4% |
| Suppliers | 440/4 | €745 | €845 | +€100 | +13.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,721 | €6,352 | -€369 | -5.5% |
| Taxes | 450/3 | €6,721 | €6,352 | -€369 | -5.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €23,872 | €21,683 | -€2,188 | -9.2% |
| Accrued charges and deferred income | 492/3 | €727 | €414 | -€313 | -43.0% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700 | €700 | = | 0.0% |
| Other operating charges | 640/8 | €1,415 | €1,489 | +€74 | +5.3% |
| Gross operating margin | 9900 | €119,537 | €127,981 | +€8,445 | +7.1% |
| Operating profit (loss) | 9901 | €117,422 | €125,792 | +€8,370 | +7.1% |
| Financial income | 75/76B | €2,081 | €11,644 | +€9,563 | +460% |
| Recurring financial income | 75 | €2,081 | €11,644 | +€9,563 | +460% |
| Financial charges | 65/66B | €2,888 | €6,526 | +€3,637 | +126% |
| Recurring financial charges | 65 | €2,888 | €6,526 | +€3,637 | +126% |
| Profit (loss) for the period before taxes | 9903 | €116,614 | €130,910 | +€14,296 | +12.3% |
| Income taxes | 67/77 | €25,492 | €29,437 | +€3,945 | +15.5% |
| Profit (loss) for the period | 9904 | €91,122 | €101,473 | +€10,351 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €91,122 | €101,473 | +€10,351 | +11.4% |
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 20 October 2026 via checked.be.