Alteq: 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.
Alteq
Largest movements
- Tangible fixed assets +€212,421
up €212,421 (+2,353%), from €9,027 to €221,449
of which Land and buildings: +€218,174
- Cash -€26,786
down €26,786 (-50.1%), from €53,487 to €26,701
mainly Investment in fixed assets (net) (-€240,988) and Current investments (-€25,930)
- Current investments +€25,930
up €25,930 (+523%), from €4,955 to €30,886
- Receivables after one year +€15,600
up €15,600 (+100%), from €15,600 to €31,200
- Receivables within one year -€7,419
down €7,419 (-28.1%), from €26,449 to €19,030
of which Other amounts receivable: -€6,530
- Debts after one year +€151,708
new in 2025: €151,708
- Reserves +€39,374
up €39,374 (+53.3%), from €73,909 to €113,283
- Tax, wage and social debts +€14,547
up €14,547 (+47.5%), from €30,616 to €45,164
of which Taxes: +€14,547
- Current portion of long-term debt +€12,452
new in 2025: €12,452
- Depreciation +€28,009
up €28,009 (+5,021%), from €558 to €28,567
- Gross operating margin -€9,440
down €9,440 (-9.6%), from €98,362 to €88,922
- Taxes -€7,990
down €7,990 (-39.8%), from €20,097 to €12,107
- Financial charges +€2,532
up €2,532 (+102%), from €2,477 to €5,009
- Financial income +€1,728
up €1,728 (+524%), from €330 to €2,058
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 | €109,849 | €329,265 | +€219,417 | +200% |
| Fixed assets | 21/28 | €9,027 | €221,449 | +€212,421 | +2,353% |
| Tangible fixed assets | 22/27 | €9,027 | €221,449 | +€212,421 | +2,353% |
| Land and buildings | 22 | - | €218,174 | +€218,174 | |
| Furniture and vehicles | 24 | €3,211 | €3,275 | +€63 | +2.0% |
| Other tangible fixed assets | 26 | €5,816 | €0 | -€5,816 | -100% |
| Current assets | 29/58 | €100,821 | €107,816 | +€6,995 | +6.9% |
| Amounts receivable after more than one year | 29 | €15,600 | €31,200 | +€15,600 | +100% |
| Other amounts receivable | 291 | €15,600 | €31,200 | +€15,600 | +100% |
| Amounts receivable within one year | 40/41 | €26,449 | €19,030 | -€7,419 | -28.1% |
| Trade receivables | 40 | €19,917 | €19,027 | -€890 | -4.5% |
| Other amounts receivable | 41 | €6,532 | €3 | -€6,530 | -100.0% |
| Current investments | 50/53 | €4,955 | €30,886 | +€25,930 | +523% |
| Cash at bank and in hand | 54/58 | €53,487 | €26,701 | -€26,786 | -50.1% |
| Deferred charges and accrued income | 490/1 | €330 | €0 | -€330 | -100% |
| Total equity and liabilities | 10/49 | €109,849 | €329,265 | +€219,417 | +200% |
| Equity | 10/15 | €77,909 | €117,283 | +€39,374 | +50.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €73,909 | €113,283 | +€39,374 | +53.3% |
| Distributable reserves | 133 | €73,909 | €113,283 | +€39,374 | +53.3% |
| Amounts payable | 17/49 | €31,940 | €211,982 | +€180,042 | +564% |
| Amounts payable after more than one year | 17 | - | €151,708 | +€151,708 | |
| Financial debts | 170/4 | - | €151,708 | +€151,708 | |
| Amounts payable within one year | 42/48 | €31,940 | €60,274 | +€28,334 | +88.7% |
| Current portion of amounts payable after more than one year | 42 | - | €12,452 | +€12,452 | |
| Trade debts | 44 | €1,324 | €979 | -€344 | -26.0% |
| Suppliers | 440/4 | €1,324 | €979 | -€344 | -26.0% |
| Taxes, remuneration and social security | 45 | €30,616 | €45,164 | +€14,547 | +47.5% |
| Taxes | 450/3 | €28,416 | €42,964 | +€14,547 | +51.2% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | - | €1,679 | +€1,679 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €558 | €28,567 | +€28,009 | +5,021% |
| Other operating charges | 640/8 | €1,651 | €998 | -€653 | -39.5% |
| Non-recurring operating charges | 66A | - | €4,924 | +€4,924 | |
| Gross operating margin | 9900 | €98,362 | €88,922 | -€9,440 | -9.6% |
| Operating profit (loss) | 9901 | €96,153 | €54,432 | -€41,720 | -43.4% |
| Financial income | 75/76B | €330 | €2,058 | +€1,728 | +524% |
| Recurring financial income | 75 | €330 | €2,058 | +€1,728 | +524% |
| Financial charges | 65/66B | €2,477 | €5,009 | +€2,532 | +102% |
| Recurring financial charges | 65 | €2,477 | €5,009 | +€2,532 | +102% |
| Profit (loss) for the period before taxes | 9903 | €94,005 | €51,481 | -€42,524 | -45.2% |
| Income taxes | 67/77 | €20,097 | €12,107 | -€7,990 | -39.8% |
| Profit (loss) for the period | 9904 | €73,909 | €39,374 | -€34,534 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,909 | €39,374 | -€34,534 | -46.7% |
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 18 October 2026 via checked.be.