ALT-LO: 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.
ALT-LO
Largest movements
- Current investments +€19,612
new in 2025: €19,612
- Receivables within one year -€13,784
down €13,784 (-85.9%), from €16,055 to €2,271
of which Trade receivables: -€15,007
- Tangible fixed assets +€1,595
up €1,595, from €0 to €1,595
of which Furniture and vehicles: +€1,595
- Other debts +€8,390
up €8,390 (+14.3%), from €58,784 to €67,175
- Tax, wage and social debts -€2,714
down €2,714 (-21.6%), from €12,568 to €9,854
of which Taxes: -€2,826
- Trade debts +€1,300
up €1,300 (+20996.3%), from €6 to €1,306
- Gross operating margin +€24,903
up €24,903 (+38.6%), from €64,547 to €89,450
- Taxes +€9,236
up €9,236 (+54.4%), from €16,985 to €26,221
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 | €114,068 | €121,045 | +€6,976 | +6.1% |
| Fixed assets | 21/28 | €320 | €1,915 | +€1,595 | +498.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €1,595 | +€1,595 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €1,595 | +€1,595 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €113,748 | €119,130 | +€5,382 | +4.7% |
| Amounts receivable within one year | 40/41 | €16,055 | €2,271 | -€13,784 | -85.9% |
| Trade receivables | 40 | €16,055 | €1,048 | -€15,007 | -93.5% |
| Other amounts receivable | 41 | - | €1,223 | +€1,223 | |
| Current investments | 50/53 | - | €19,612 | +€19,612 | |
| Cash at bank and in hand | 54/58 | €97,597 | €96,760 | -€838 | -0.9% |
| Deferred charges and accrued income | 490/1 | €96 | €488 | +€392 | +408.0% |
| Total equity and liabilities | 10/49 | €114,068 | €121,045 | +€6,976 | +6.1% |
| Equity | 10/15 | €42,710 | €42,710 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,110 | €24,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,250 | €22,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €71,358 | €78,335 | +€6,976 | +9.8% |
| Amounts payable within one year | 42/48 | €71,358 | €78,335 | +€6,976 | +9.8% |
| Trade debts | 44 | €6 | €1,306 | +€1,300 | +20996.3% |
| Suppliers | 440/4 | €6 | €1,306 | +€1,300 | +20996.3% |
| Taxes, remuneration and social security | 45 | €12,568 | €9,854 | -€2,714 | -21.6% |
| Taxes | 450/3 | €12,568 | €9,742 | -€2,826 | -22.5% |
| Remuneration and social security | 454/9 | - | €112 | +€112 | |
| Other amounts payable | 47/48 | €58,784 | €67,175 | +€8,390 | +14.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €305 | +€305 | |
| Other operating charges | 640/8 | €1,001 | €186 | -€815 | -81.4% |
| Non-recurring operating charges | 66A | €3,164 | €369 | -€2,795 | -88.3% |
| Gross operating margin | 9900 | €64,547 | €89,450 | +€24,903 | +38.6% |
| Operating profit (loss) | 9901 | €60,382 | €88,589 | +€28,207 | +46.7% |
| Financial income | 75/76B | €380 | €439 | +€59 | +15.6% |
| Recurring financial income | 75 | €380 | €439 | +€59 | +15.6% |
| Financial charges | 65/66B | €1,266 | €1,109 | -€157 | -12.4% |
| Recurring financial charges | 65 | €1,266 | €1,109 | -€157 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €59,496 | €87,920 | +€28,424 | +47.8% |
| Income taxes | 67/77 | €16,985 | €26,221 | +€9,236 | +54.4% |
| Profit (loss) for the period | 9904 | €42,511 | €61,699 | +€19,188 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,511 | €61,699 | +€19,188 | +45.1% |
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 2 October 2026 via checked.be.