ALTENAKEN: 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.
What changed
ALTENAKEN
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€55,257
2024 · €55,215+€41
Equity
€307,627
2024 · €307,371+€257
Cash
€16,744
2024 · €12,349+€4,394
Balance sheet total
€435,463
2024 · €444,199-€8,736
Largest movements
Assets
- Tangible fixed assets -€21,571
down €21,571 (-8.8%), from €245,438 to €223,866
of which Land and buildings: -€19,034
- Receivables within one year +€8,355
up €8,355 (+4.5%), from €183,807 to €192,162
of which Trade receivables: +€8,234
Equity and liabilities
- Debts after one year -€10,177
down €10,177 (-92.3%), from €11,029 to €852
Income statement
- Depreciation -€911
down €911 (-4.1%), from €22,482 to €21,571
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.
Result 2024
€55,215
Gross operating margin
-€530
Depreciation
+€911
Other operating charges
-€285
Financial income
-€26
Financial charges
-€16
Taxes
-€13
Result 2025
€55,257
raises the resultlowers the result
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.
From operations
+€69,478
Investment
€0
Financing
-€65,084
Cash 2024
€12,349
From operations (derived)
+€69,478
Net result for the year
+€55,257
Depreciation
+€21,571
Receivables within one year
-€8,355
Smaller working-capital items
+€5
Other debts
+€1,000
Financing
-€65,084
Debts after one year
-€10,177
Current portion of long-term debt
+€93
Contributions, distributions and other
-€55,000
Cash 2025
€16,744
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,199 | €435,463 | -€8,736 | -2.0% |
| Fixed assets | 21/28 | €245,438 | €223,866 | -€21,571 | -8.8% |
| Tangible fixed assets | 22/27 | €245,438 | €223,866 | -€21,571 | -8.8% |
| Land and buildings | 22 | €229,710 | €210,676 | -€19,034 | -8.3% |
| Plant, machinery and equipment | 23 | €15,727 | €13,191 | -€2,537 | -16.1% |
| Current assets | 29/58 | €198,762 | €211,597 | +€12,836 | +6.5% |
| Amounts receivable within one year | 40/41 | €183,807 | €192,162 | +€8,355 | +4.5% |
| Trade receivables | 40 | €28,066 | €36,300 | +€8,234 | +29.3% |
| Other amounts receivable | 41 | €155,741 | €155,862 | +€121 | +0.1% |
| Cash at bank and in hand | 54/58 | €12,349 | €16,744 | +€4,394 | +35.6% |
| Deferred charges and accrued income | 490/1 | €2,606 | €2,692 | +€86 | +3.3% |
| Total equity and liabilities | 10/49 | €444,199 | €435,463 | -€8,736 | -2.0% |
| Equity | 10/15 | €307,371 | €307,627 | +€257 | +0.1% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €24,789 | €24,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,688 | €34,944 | +€257 | +0.7% |
| Amounts payable | 17/49 | €136,829 | €127,836 | -€8,993 | -6.6% |
| Amounts payable after more than one year | 17 | €11,029 | €852 | -€10,177 | -92.3% |
| Financial debts | 170/4 | €11,029 | €852 | -€10,177 | -92.3% |
| Amounts payable within one year | 42/48 | €125,800 | €126,984 | +€1,184 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €10,084 | €10,177 | +€93 | +0.9% |
| Trade debts | 44 | - | €15 | +€15 | |
| Suppliers | 440/4 | - | €15 | +€15 | |
| Taxes, remuneration and social security | 45 | €4,641 | €4,717 | +€76 | +1.6% |
| Taxes | 450/3 | €4,641 | €4,717 | +€76 | +1.6% |
| Other amounts payable | 47/48 | €111,075 | €112,075 | +€1,000 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,482 | €21,571 | -€911 | -4.1% |
| Other operating charges | 640/8 | €9,033 | €9,318 | +€285 | +3.2% |
| Gross operating margin | 9900 | €86,871 | €86,341 | -€530 | -0.6% |
| Operating profit (loss) | 9901 | €55,356 | €55,451 | +€96 | +0.2% |
| Financial income | 75/76B | €487 | €461 | -€26 | -5.3% |
| Recurring financial income | 75 | €487 | €461 | -€26 | -5.3% |
| Financial charges | 65/66B | €546 | €562 | +€16 | +2.9% |
| Recurring financial charges | 65 | €546 | €562 | +€16 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €55,296 | €55,350 | +€54 | +0.1% |
| Income taxes | 67/77 | €81 | €93 | +€13 | +15.8% |
| Profit (loss) for the period | 9904 | €55,215 | €55,257 | +€41 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,215 | €55,257 | +€41 | +0.1% |
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 25 October 2026 via checked.be.