ALTE Invest: 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.
ALTE Invest
Largest movements
- Cash +€50,117
up €50,117 (+825%), from €6,078 to €56,196
mainly Net result for the year (+€37,532) and Tax, wage and social debts (+€9,047)
- Tangible fixed assets +€12,124
new in 2025: €12,124
- Receivables within one year -€6,389
down €6,389 (-60.4%), from €10,586 to €4,196
of which Trade receivables: -€8,128
- Profit (loss) carried forward +€37,532
up €37,532 (+1,500%), from €2,502 to €40,034
- Tax, wage and social debts +€9,047
up €9,047 (+92.9%), from €9,733 to €18,780
of which Taxes: +€9,029
- Debts after one year +€4,668
new in 2025: €4,668
- Current portion of long-term debt +€4,220
new in 2025: €4,220
- Trade debts +€1,603
up €1,603 (+198%), from €810 to €2,413
- Gross operating margin +€50,255
up €50,255 (+1,313%), from €3,829 to €54,084
- Taxes +€9,632
up €9,632 (+958%), from €1,005 to €10,638
- Depreciation +€4,664
new in 2025: €4,664
- Other operating charges +€699
up €699 (+217%), from €322 to €1,021
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 | €16,948 | €73,115 | +€56,167 | +331% |
| Fixed assets | 21/28 | - | €12,124 | +€12,124 | |
| Tangible fixed assets | 22/27 | - | €12,124 | +€12,124 | |
| Furniture and vehicles | 24 | - | €12,124 | +€12,124 | |
| Current assets | 29/58 | €16,948 | €60,991 | +€44,043 | +260% |
| Amounts receivable within one year | 40/41 | €10,586 | €4,196 | -€6,389 | -60.4% |
| Trade receivables | 40 | €10,585 | €2,457 | -€8,128 | -76.8% |
| Other amounts receivable | 41 | €1 | €1,739 | +€1,738 | +248,344% |
| Cash at bank and in hand | 54/58 | €6,078 | €56,196 | +€50,117 | +825% |
| Deferred charges and accrued income | 490/1 | €284 | €598 | +€315 | +111% |
| Total equity and liabilities | 10/49 | €16,948 | €73,115 | +€56,167 | +331% |
| Equity | 10/15 | €5,502 | €43,034 | +€37,532 | +682% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,502 | €40,034 | +€37,532 | +1,500% |
| Amounts payable | 17/49 | €11,446 | €30,080 | +€18,634 | +163% |
| Amounts payable after more than one year | 17 | - | €4,668 | +€4,668 | |
| Financial debts | 170/4 | - | €4,668 | +€4,668 | |
| Amounts payable within one year | 42/48 | €11,446 | €25,413 | +€13,967 | +122% |
| Current portion of amounts payable after more than one year | 42 | - | €4,220 | +€4,220 | |
| Trade debts | 44 | €810 | €2,413 | +€1,603 | +198% |
| Suppliers | 440/4 | €810 | €2,413 | +€1,603 | +198% |
| Taxes, remuneration and social security | 45 | €9,733 | €18,780 | +€9,047 | +92.9% |
| Taxes | 450/3 | €7,156 | €16,184 | +€9,029 | +126% |
| Remuneration and social security | 454/9 | €2,577 | €2,595 | +€18 | +0.7% |
| Other amounts payable | 47/48 | €903 | - | -€903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,664 | +€4,664 | |
| Other operating charges | 640/8 | €322 | €1,021 | +€699 | +217% |
| Gross operating margin | 9900 | €3,829 | €54,084 | +€50,255 | +1,313% |
| Operating profit (loss) | 9901 | €3,507 | €48,400 | +€44,893 | +1,280% |
| Financial income | 75/76B | €0 | €7 | +€7 | +69,900% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +69,900% |
| Financial charges | 65/66B | - | €237 | +€237 | |
| Recurring financial charges | 65 | - | €237 | +€237 | |
| Profit (loss) for the period before taxes | 9903 | €3,507 | €48,170 | +€44,663 | +1,274% |
| Income taxes | 67/77 | €1,005 | €10,638 | +€9,632 | +958% |
| Profit (loss) for the period | 9904 | €2,502 | €37,532 | +€35,031 | +1,400% |
| Profit (loss) for the period to be appropriated | 9905 | €2,502 | €37,532 | +€35,031 | +1,400% |
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 30 October 2026 via checked.be.