ALTEMP: 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.
ALTEMP
Largest movements
- Receivables within one year +€230,622
up €230,622 (+26.8%), from €861,536 to €1.1m
of which Trade receivables: +€207,508
- Stocks and contracts +€161,512
up €161,512 (+47.6%), from €339,408 to €500,920
of which Contracts in progress: +€108,190
- Cash -€102,705
down €102,705 (-27.4%), from €375,251 to €272,546
mainly Receivables within one year (-€230,622) and Stocks and contracts (-€161,512)
- Tangible fixed assets +€64,659
up €64,659 (+64.7%), from €99,917 to €164,576
of which Furniture and vehicles: +€70,210
- Trade debts +€156,167
up €156,167 (+27.1%), from €577,112 to €733,279
- Profit (loss) carried forward +€154,567
up €154,567 (+17.3%), from €891,768 to €1.0m
- Tax, wage and social debts +€44,136
up €44,136 (+118.4%), from €37,277 to €81,413
of which Remuneration and social security: +€36,592
- Gross operating margin +€125,597
up €125,597 (+10.3%), from €1.2m to €1.3m
- Taxes +€25,220
up €25,220 (+35.7%), from €70,658 to €95,877
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 | €1,698,168 | €2,059,470 | +€361,302 | +21.3% |
| Fixed assets | 21/28 | €115,887 | €180,522 | +€64,635 | +55.8% |
| Intangible fixed assets | 21 | €24 | €0 | -€24 | -100.0% |
| Tangible fixed assets | 22/27 | €99,917 | €164,576 | +€64,659 | +64.7% |
| Land and buildings | 22 | €7,834 | €4,445 | -€3,388 | -43.3% |
| Plant, machinery and equipment | 23 | €15,882 | €13,719 | -€2,163 | -13.6% |
| Furniture and vehicles | 24 | €76,201 | €146,411 | +€70,210 | +92.1% |
| Financial fixed assets | 28 | €15,946 | €15,946 | = | 0.0% |
| Current assets | 29/58 | €1,582,281 | €1,878,948 | +€296,667 | +18.7% |
| Stocks and contracts in progress | 3 | €339,408 | €500,920 | +€161,512 | +47.6% |
| Stocks | 30/36 | €200,725 | €254,046 | +€53,321 | +26.6% |
| Contracts in progress | 37 | €138,683 | €246,873 | +€108,190 | +78.0% |
| Amounts receivable within one year | 40/41 | €861,536 | €1,092,159 | +€230,622 | +26.8% |
| Trade receivables | 40 | €785,938 | €993,446 | +€207,508 | +26.4% |
| Other amounts receivable | 41 | €75,599 | €98,713 | +€23,114 | +30.6% |
| Cash at bank and in hand | 54/58 | €375,251 | €272,546 | -€102,705 | -27.4% |
| Deferred charges and accrued income | 490/1 | €6,085 | €13,323 | +€7,238 | +118.9% |
| Total equity and liabilities | 10/49 | €1,698,168 | €2,059,470 | +€361,302 | +21.3% |
| Equity | 10/15 | €988,528 | €1,143,095 | +€154,567 | +15.6% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €32,760 | €32,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,060 | €19,060 | = | 0.0% |
| Distributable reserves | 133 | €7,300 | €7,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €891,768 | €1,046,335 | +€154,567 | +17.3% |
| Amounts payable | 17/49 | €709,640 | €916,375 | +€206,735 | +29.1% |
| Amounts payable within one year | 42/48 | €709,640 | €916,375 | +€206,735 | +29.1% |
| Trade debts | 44 | €577,112 | €733,279 | +€156,167 | +27.1% |
| Suppliers | 440/4 | €577,112 | €733,279 | +€156,167 | +27.1% |
| Taxes, remuneration and social security | 45 | €37,277 | €81,413 | +€44,136 | +118.4% |
| Taxes | 450/3 | €10,658 | €18,201 | +€7,543 | +70.8% |
| Remuneration and social security | 454/9 | €26,620 | €63,212 | +€36,592 | +137.5% |
| Other amounts payable | 47/48 | €95,250 | €101,683 | +€6,433 | +6.8% |
| Remuneration, social security and pensions | 62 | €920,110 | €929,648 | +€9,538 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,922 | €48,592 | +€11,670 | +31.6% |
| Other operating charges | 640/8 | €10,370 | €16,933 | +€6,563 | +63.3% |
| Gross operating margin | 9900 | €1,222,437 | €1,348,034 | +€125,597 | +10.3% |
| Operating profit (loss) | 9901 | €255,034 | €352,860 | +€97,826 | +38.4% |
| Financial income | 75/76B | €0 | €1,331 | +€1,331 | |
| Recurring financial income | 75 | €0 | €1,331 | +€1,331 | |
| Financial charges | 65/66B | €1 | €2,147 | +€2,146 | +162583.3% |
| Recurring financial charges | 65 | €1 | €2,147 | +€2,146 | +162583.3% |
| Profit (loss) for the period before taxes | 9903 | €255,033 | €352,044 | +€97,011 | +38.0% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €70,658 | €95,877 | +€25,220 | +35.7% |
| Profit (loss) for the period | 9904 | €184,375 | €256,167 | +€71,791 | +38.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €184,375 | €256,167 | +€71,791 | +38.9% |
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.