ALT GROUP: 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.
ALT GROUP
Largest movements
- Receivables within one year -€41,073
down €41,073 (-24.0%), from €171,401 to €130,329
of which Other amounts receivable: -€34,660
- Profit (loss) carried forward +€134,763
up €134,763 (+19.0%), from €711,144 to €845,907
- Debts after one year -€108,755
down €108,755 (-30.0%), from €362,538 to €253,783
- Other debts -€98,779
down €98,779 (-3.9%), from €2.6m to €2.5m
- Financial charges -€471,757
down €471,757 (-98.1%), from €480,978 to €9,221
of which Non-recurring financial charges: -€469,247
- Financial income -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Gross operating margin +€35,430
up €35,430 (+12.7%), from €278,603 to €314,033
- Taxes +€11,011
up €11,011 (+48.3%), from €22,790 to €33,801
- Staff costs -€6,864
down €6,864 (-4.0%), from €171,794 to €164,930
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 | €3,817,175 | €3,768,726 | -€48,449 | -1.3% |
| Fixed assets | 21/28 | €3,618,387 | €3,597,865 | -€20,522 | -0.6% |
| Intangible fixed assets | 21 | €25,285 | €16,849 | -€8,437 | -33.4% |
| Tangible fixed assets | 22/27 | €20,015 | €7,930 | -€12,085 | -60.4% |
| Furniture and vehicles | 24 | €20,015 | €7,930 | -€12,085 | -60.4% |
| Financial fixed assets | 28 | €3,573,086 | €3,573,086 | = | 0.0% |
| Current assets | 29/58 | €198,788 | €170,861 | -€27,927 | -14.0% |
| Amounts receivable within one year | 40/41 | €171,401 | €130,329 | -€41,073 | -24.0% |
| Trade receivables | 40 | €44,331 | €37,919 | -€6,412 | -14.5% |
| Other amounts receivable | 41 | €127,070 | €92,410 | -€34,660 | -27.3% |
| Cash at bank and in hand | 54/58 | €19,988 | €33,391 | +€13,403 | +67.1% |
| Deferred charges and accrued income | 490/1 | €7,399 | €7,141 | -€258 | -3.5% |
| Total equity and liabilities | 10/49 | €3,817,175 | €3,768,726 | -€48,449 | -1.3% |
| Equity | 10/15 | €716,144 | €850,907 | +€134,763 | +18.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €711,144 | €845,907 | +€134,763 | +19.0% |
| Amounts payable | 17/49 | €3,101,031 | €2,917,819 | -€183,212 | -5.9% |
| Amounts payable after more than one year | 17 | €362,538 | €253,783 | -€108,755 | -30.0% |
| Financial debts | 170/4 | €362,538 | €253,783 | -€108,755 | -30.0% |
| Amounts payable within one year | 42/48 | €2,730,419 | €2,654,869 | -€75,550 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €107,157 | €108,755 | +€1,598 | +1.5% |
| Trade debts | 44 | €18,614 | €55,635 | +€37,021 | +198.9% |
| Suppliers | 440/4 | €18,614 | €55,635 | +€37,021 | +198.9% |
| Taxes, remuneration and social security | 45 | €53,157 | €37,767 | -€15,390 | -29.0% |
| Taxes | 450/3 | €19,354 | €7,871 | -€11,483 | -59.3% |
| Remuneration and social security | 454/9 | €33,803 | €29,896 | -€3,906 | -11.6% |
| Other amounts payable | 47/48 | €2,551,491 | €2,452,712 | -€98,779 | -3.9% |
| Accrued charges and deferred income | 492/3 | €8,073 | €9,167 | +€1,093 | +13.5% |
| Remuneration, social security and pensions | 62 | €171,794 | €164,930 | -€6,864 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,493 | €20,522 | +€5,028 | +32.5% |
| Other operating charges | 640/8 | €1,179 | €797 | -€382 | -32.4% |
| Gross operating margin | 9900 | €278,603 | €314,033 | +€35,430 | +12.7% |
| Operating profit (loss) | 9901 | €90,137 | €127,785 | +€37,648 | +41.8% |
| Financial income | 75/76B | €100,000 | €50,000 | -€50,000 | -50.0% |
| Recurring financial income | 75 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Financial charges | 65/66B | €480,978 | €9,221 | -€471,757 | -98.1% |
| Recurring financial charges | 65 | €11,731 | €9,221 | -€2,510 | -21.4% |
| Non-recurring financial charges | 66B | €469,247 | €0 | -€469,247 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€290,841 | €168,564 | +€459,405 | |
| Income taxes | 67/77 | €22,790 | €33,801 | +€11,011 | +48.3% |
| Profit (loss) for the period | 9904 | -€313,630 | €134,763 | +€448,393 | |
| Profit (loss) for the period to be appropriated | 9905 | -€313,630 | €134,763 | +€448,393 |
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 10 October 2026 via checked.be.