ALT64: 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.
ALT64
Largest movements
- Tangible fixed assets -€41,204
down €41,204 (-10.9%), from €378,284 to €337,080
of which Land and buildings: -€25,210
- Receivables within one year -€18,601
down €18,601 (-41.7%), from €44,635 to €26,034
of which Trade receivables: -€14,399
- Cash +€8,945
up €8,945 (+14.1%), from €63,483 to €72,428
mainly Depreciation (+€43,083) and Net result for the year (+€22,682)
- Debts after one year -€47,499
down €47,499 (-14.2%), from €334,703 to €287,204
- Reserves +€22,682
up €22,682 (+37.4%), from €60,595 to €83,277
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Tax, wage and social debts -€9,267
down €9,267 (-52.5%), from €17,659 to €8,392
- Gross operating margin +€11,598
up €11,598 (+15.0%), from €77,424 to €89,022
- Taxes +€4,048
up €4,048 (+70.9%), from €5,709 to €9,757
- Financial charges -€1,866
down €1,866 (-13.4%), from €13,945 to €12,079
- Depreciation -€1,437
down €1,437 (-3.2%), from €44,520 to €43,083
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 | €486,702 | €435,842 | -€50,860 | -10.4% |
| Fixed assets | 21/28 | €378,584 | €337,380 | -€41,204 | -10.9% |
| Tangible fixed assets | 22/27 | €378,284 | €337,080 | -€41,204 | -10.9% |
| Land and buildings | 22 | €317,984 | €292,773 | -€25,210 | -7.9% |
| Plant, machinery and equipment | 23 | €642 | €1,723 | +€1,081 | +168.3% |
| Furniture and vehicles | 24 | €59,658 | €42,583 | -€17,075 | -28.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €108,118 | €98,462 | -€9,656 | -8.9% |
| Amounts receivable within one year | 40/41 | €44,635 | €26,034 | -€18,601 | -41.7% |
| Trade receivables | 40 | €27,104 | €12,705 | -€14,399 | -53.1% |
| Other amounts receivable | 41 | €17,531 | €13,329 | -€4,202 | -24.0% |
| Cash at bank and in hand | 54/58 | €63,483 | €72,428 | +€8,945 | +14.1% |
| Total equity and liabilities | 10/49 | €486,702 | €435,842 | -€50,860 | -10.4% |
| Equity | 10/15 | €79,195 | €84,277 | +€5,082 | +6.4% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Reserves | 13 | €60,595 | €83,277 | +€22,682 | +37.4% |
| Distributable reserves | 133 | €60,595 | €83,277 | +€22,682 | +37.4% |
| Amounts payable | 17/49 | €407,507 | €351,565 | -€55,942 | -13.7% |
| Amounts payable after more than one year | 17 | €334,703 | €287,204 | -€47,499 | -14.2% |
| Financial debts | 170/4 | €334,703 | €287,204 | -€47,499 | -14.2% |
| Amounts payable within one year | 42/48 | €72,804 | €64,361 | -€8,443 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €51,682 | €52,321 | +€639 | +1.2% |
| Trade debts | 44 | €3,463 | €3,648 | +€185 | +5.4% |
| Suppliers | 440/4 | €3,463 | €3,648 | +€185 | +5.4% |
| Taxes, remuneration and social security | 45 | €17,659 | €8,392 | -€9,267 | -52.5% |
| Taxes | 450/3 | €17,659 | €8,392 | -€9,267 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,520 | €43,083 | -€1,437 | -3.2% |
| Other operating charges | 640/8 | €3,008 | €2,538 | -€470 | -15.6% |
| Gross operating margin | 9900 | €77,424 | €89,022 | +€11,598 | +15.0% |
| Operating profit (loss) | 9901 | €29,896 | €43,401 | +€13,505 | +45.2% |
| Financial income | 75/76B | €1,354 | €1,118 | -€236 | -17.4% |
| Recurring financial income | 75 | €1,354 | €1,118 | -€236 | -17.4% |
| Financial charges | 65/66B | €13,945 | €12,079 | -€1,866 | -13.4% |
| Recurring financial charges | 65 | €13,945 | €12,079 | -€1,866 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €17,304 | €32,439 | +€15,135 | +87.5% |
| Income taxes | 67/77 | €5,709 | €9,757 | +€4,048 | +70.9% |
| Profit (loss) for the period | 9904 | €11,595 | €22,682 | +€11,087 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,595 | €22,682 | +€11,087 | +95.6% |
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 4 October 2026 via checked.be.