ALTEBRA WAREGEM: what changed
What changed
ALTEBRA WAREGEM
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€902,204
2024 · €890,092+€12,112
Equity
€2.7m
2024 · €1.8m+€902,204
Cash
€5,357
2024 · €9,236-€3,879
Balance sheet total
€6.5m
2024 · €4.5m+€2.0m
Largest movements
Assets
- Financial fixed assets +€900,000
new in 2025: €900,000
- Stocks and contracts +€884,514
up €884,514 (+115%), from €766,423 to €1.7m
of which Contracts in progress: +€886,195
- Receivables within one year +€310,178
up €310,178 (+9.2%), from €3.4m to €3.7m
of which Trade receivables: +€776,123
Equity and liabilities
- Profit (loss) carried forward +€902,204
up €902,204 (+50.6%), from €1.8m to €2.7m
- Trade debts +€868,028
up €868,028 (+125%), from €695,130 to €1.6m
- Other debts +€226,095
up €226,095 (+45.2%), from €500,000 to €726,095
- Advances received +€160,867
up €160,867 (+32.5%), from €494,652 to €655,519
- Tax, wage and social debts -€121,290
down €121,290 (-22.2%), from €545,824 to €424,534
of which Remuneration and social security: -€121,990
Income statement
- Turnover +€13.7m
new in 2025: €13.7m
- Goods and materials +€8.9m
new in 2025: €8.9m
of which Purchases: +€8.9m
- Gross operating margin -€4.7m
no longer reported in 2025 (was €4.7m)
- Services and other goods +€1.9m
new in 2025: €1.9m
- Staff costs -€524,322
down €524,322 (-16.0%), from €3.3m to €2.8m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€890,092
Turnover
+€13.7m
Other operating income
+€196,875
Goods and materials
-€8.9m
Services and other goods
-€1.9m
Staff costs
+€524,322
Depreciation
+€63,060
Other operating charges
+€15,559
Other operating items
-€3.8m
Financial income
-€76,044
Financial charges
+€7,983
Taxes
+€14,969
Result 2025
€902,204
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.0m
Investment
-€985,893
Financing
-€23,530
Cash 2024
€9,236
From operations (derived)
+€1.0m
Net result for the year
+€902,204
Depreciation
+€132,032
Stocks and contracts
-€884,514
Receivables within one year
-€310,178
Deferred charges and accrued income
+€23,086
Trade debts
+€868,028
Tax, wage and social debts
-€121,290
Advances received
+€160,867
Other debts
+€226,095
Accrued charges and deferred income
+€9,215
Investment (derived)
-€985,893
Investment in fixed assets (net)
-€985,893
Financing
-€23,530
Debts after one year
-€65,626
Current portion of long-term debt
-€21,368
Short-term financial debts
+€63,463
Cash 2025
€5,357
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,491,076 | €6,512,664 | +€2.0m | +45.0% |
| Fixed assets | 21/28 | €311,162 | €1,165,023 | +€853,861 | +274% |
| Intangible fixed assets | 21 | €18,856 | €19,637 | +€781 | +4.1% |
| Tangible fixed assets | 22/27 | €292,305 | €245,386 | -€46,919 | -16.1% |
| Plant, machinery and equipment | 23 | €18,159 | €45,953 | +€27,794 | +153% |
| Furniture and vehicles | 24 | €274,147 | €186,896 | -€87,250 | -31.8% |
| Other tangible fixed assets | 26 | - | €12,537 | +€12,537 | |
| Financial fixed assets | 28 | - | €900,000 | +€900,000 | |
| Affiliated companies | 280/1 | - | €900,000 | +€900,000 | |
| Participating interests | 280 | - | €900,000 | +€900,000 | |
| Current assets | 29/58 | €4,179,914 | €5,347,641 | +€1.2m | +27.9% |
| Stocks and contracts in progress | 3 | €766,423 | €1,650,937 | +€884,514 | +115% |
| Stocks | 30/36 | €118,561 | €116,880 | -€1,681 | -1.4% |
| Goods purchased for resale | 34 | - | €116,880 | +€116,880 | |
| Contracts in progress | 37 | €647,862 | €1,534,057 | +€886,195 | +137% |
| Amounts receivable within one year | 40/41 | €3,371,981 | €3,682,158 | +€310,178 | +9.2% |
| Trade receivables | 40 | €2,731,028 | €3,507,151 | +€776,123 | +28.4% |
| Other amounts receivable | 41 | €640,952 | €175,007 | -€465,945 | -72.7% |
| Cash at bank and in hand | 54/58 | €9,236 | €5,357 | -€3,879 | -42.0% |
| Deferred charges and accrued income | 490/1 | €32,275 | €9,189 | -€23,086 | -71.5% |
| Total equity and liabilities | 10/49 | €4,491,076 | €6,512,664 | +€2.0m | +45.0% |
| Equity | 10/15 | €1,821,984 | €2,724,188 | +€902,204 | +49.5% |
| Contributions | 10/11 | €15,367 | €15,367 | = | 0.0% |
| Reserves | 13 | €21,952 | €21,952 | = | 0.0% |
| Tax-exempt reserves | 132 | €808 | €808 | = | 0.0% |
| Distributable reserves | 133 | €21,144 | €21,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,784,665 | €2,686,869 | +€902,204 | +50.6% |
| Amounts payable | 17/49 | €2,669,092 | €3,788,476 | +€1.1m | +41.9% |
| Amounts payable after more than one year | 17 | €108,491 | €42,865 | -€65,626 | -60.5% |
| Financial debts | 170/4 | €108,491 | €42,865 | -€65,626 | -60.5% |
| Credit institutions | 173 | - | €42,865 | +€42,865 | |
| Amounts payable within one year | 42/48 | €2,464,600 | €3,640,395 | +€1.2m | +47.7% |
| Current portion of amounts payable after more than one year | 42 | €86,994 | €65,626 | -€21,368 | -24.6% |
| Financial debts | 43 | €142,000 | €205,463 | +€63,463 | +44.7% |
| Credit institutions | 430/8 | €142,000 | €205,463 | +€63,463 | +44.7% |
| Trade debts | 44 | €695,130 | €1,563,158 | +€868,028 | +125% |
| Suppliers | 440/4 | €695,130 | €1,563,158 | +€868,028 | +125% |
| Advances received on contracts in progress | 46 | €494,652 | €655,519 | +€160,867 | +32.5% |
| Taxes, remuneration and social security | 45 | €545,824 | €424,534 | -€121,290 | -22.2% |
| Taxes | 450/3 | €73,048 | €73,747 | +€700 | +1.0% |
| Remuneration and social security | 454/9 | €472,777 | €350,787 | -€121,990 | -25.8% |
| Other amounts payable | 47/48 | €500,000 | €726,095 | +€226,095 | +45.2% |
| Accrued charges and deferred income | 492/3 | €96,000 | €105,215 | +€9,215 | +9.6% |
| Operating income | 70/76A | - | €14,836,909 | +€14.8m | |
| Turnover | 70 | - | €13,745,829 | +€13.7m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €886,195 | +€886,195 | |
| Other operating income | 74 | - | €196,875 | +€196,875 | |
| Non-recurring operating income | 76A | €16,460 | €8,009 | -€8,451 | -51.3% |
| Operating charges | 60/66A | - | €13,654,359 | +€13.7m | |
| Goods for resale, raw materials and consumables | 60 | - | €8,871,680 | +€8.9m | |
| Purchases | 600/8 | - | €8,869,999 | +€8.9m | |
| Change in stocks: decrease (increase) | 609 | - | €1,681 | +€1,681 | |
| Services and other goods | 61 | - | €1,858,072 | +€1.9m | |
| Remuneration, social security and pensions | 62 | €3,280,909 | €2,756,587 | -€524,322 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,092 | €132,032 | -€63,060 | -32.3% |
| Other operating charges | 640/8 | €23,876 | €8,317 | -€15,559 | -65.2% |
| Non-recurring operating charges | 66A | €107,251 | €27,671 | -€79,580 | -74.2% |
| Gross operating margin | 9900 | €4,724,474 | - | -€4.7m | |
| Operating profit (loss) | 9901 | €1,117,346 | €1,182,550 | +€65,204 | +5.8% |
| Financial income | 75/76B | €140,275 | €64,230 | -€76,044 | -54.2% |
| Recurring financial income | 75 | €140,275 | €64,230 | -€76,044 | -54.2% |
| Income from current assets | 751 | - | €2,014 | +€2,014 | |
| Other financial income | 752/9 | - | €62,216 | +€62,216 | |
| Financial charges | 65/66B | €37,846 | €29,863 | -€7,983 | -21.1% |
| Recurring financial charges | 65 | €37,846 | €29,863 | -€7,983 | -21.1% |
| Debt charges | 650 | - | €21,154 | +€21,154 | |
| Other financial charges | 652/9 | - | €8,710 | +€8,710 | |
| Profit (loss) for the period before taxes | 9903 | €1,219,775 | €1,216,917 | -€2,857 | -0.2% |
| Income taxes | 67/77 | €329,683 | €314,713 | -€14,969 | -4.5% |
| Taxes | 670/3 | - | €314,713 | +€314,713 | |
| Profit (loss) for the period | 9904 | €890,092 | €902,204 | +€12,112 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €890,092 | €902,204 | +€12,112 | +1.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.