ALTER: what changed
Two fiscal 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.
ALTER
Largest movements
- Stocks and contracts -€183,151
down €183,151 (-100.0%), from €183,151 to €0
of which Stocks: -€183,151
- Receivables within one year -€136,929
down €136,929 (-94.8%), from €144,471 to €7,542
of which Trade receivables: -€126,762
- Tangible fixed assets -€19,183
down €19,183 (-86.3%), from €22,216 to €3,034
of which Furniture and vehicles: -€17,881
- Cash +€5,577
up €5,577 (+193.7%), from €2,878 to €8,455
mainly Stocks and contracts (+€183,151) and Receivables within one year (+€136,929)
- Other debts -€257,140
down €257,140 (-99.8%), from €257,629 to €488
- Trade debts -€42,812
down €42,812 (-86.2%), from €49,653 to €6,841
- Advances received -€17,371
down €17,371 (-100.0%), from €17,371 to €0
- Short-term financial debts -€14,934
down €14,934 (-100.0%), from €14,934 to €0
- Gross operating margin +€153,017
up €153,017, from -€13,466 to €139,551
- Write-downs +€122,795
new in 2024: €122,795
- Financial charges +€3,558
up €3,558 (+122.4%), from €2,907 to €6,465
- Depreciation -€1,850
down €1,850 (-35.5%), from €5,213 to €3,363
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €355,104 | €20,555 | -€334,550 | -94.2% |
| Fixed assets | 21/28 | €22,216 | €3,034 | -€19,183 | -86.3% |
| Tangible fixed assets | 22/27 | €22,216 | €3,034 | -€19,183 | -86.3% |
| Plant, machinery and equipment | 23 | €1,738 | €437 | -€1,302 | -74.9% |
| Furniture and vehicles | 24 | €20,478 | €2,597 | -€17,881 | -87.3% |
| Current assets | 29/58 | €332,888 | €17,521 | -€315,367 | -94.7% |
| Stocks and contracts in progress | 3 | €183,151 | €0 | -€183,151 | -100.0% |
| Stocks | 30/36 | €183,151 | - | -€183,151 | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €144,471 | €7,542 | -€136,929 | -94.8% |
| Trade receivables | 40 | €134,290 | €7,528 | -€126,762 | -94.4% |
| Other amounts receivable | 41 | €10,180 | €14 | -€10,167 | -99.9% |
| Cash at bank and in hand | 54/58 | €2,878 | €8,455 | +€5,577 | +193.7% |
| Deferred charges and accrued income | 490/1 | €2,388 | €1,524 | -€864 | -36.2% |
| Total equity and liabilities | 10/49 | €355,104 | €20,555 | -€334,550 | -94.2% |
| Equity | 10/15 | €15,464 | €13,226 | -€2,238 | -14.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,167 | €10,167 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €197 | €197 | = | 0.0% |
| Distributable reserves | 133 | €9,970 | €9,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,703 | -€6,941 | -€2,238 | -47.6% |
| Amounts payable | 17/49 | €339,641 | €7,329 | -€332,312 | -97.8% |
| Amounts payable within one year | 42/48 | €339,641 | €7,329 | -€332,312 | -97.8% |
| Financial debts | 43 | €14,934 | €0 | -€14,934 | -100.0% |
| Credit institutions | 430/8 | €14,934 | €0 | -€14,934 | -100.0% |
| Trade debts | 44 | €49,653 | €6,841 | -€42,812 | -86.2% |
| Suppliers | 440/4 | €49,653 | €6,841 | -€42,812 | -86.2% |
| Advances received on contracts in progress | 46 | €17,371 | €0 | -€17,371 | -100.0% |
| Taxes, remuneration and social security | 45 | €55 | €0 | -€55 | -100.0% |
| Taxes | 450/3 | €55 | €0 | -€55 | -100.0% |
| Other amounts payable | 47/48 | €257,629 | €488 | -€257,140 | -99.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,213 | €3,363 | -€1,850 | -35.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €122,795 | +€122,795 | |
| Other operating charges | 640/8 | €1,300 | €909 | -€390 | -30.0% |
| Non-recurring operating charges | 66A | - | €8,316 | +€8,316 | |
| Gross operating margin | 9900 | -€13,466 | €139,551 | +€153,017 | |
| Operating profit (loss) | 9901 | -€19,979 | €4,167 | +€24,146 | |
| Financial income | 75/76B | €13 | €60 | +€46 | +350.8% |
| Recurring financial income | 75 | €13 | €60 | +€46 | +350.8% |
| Financial charges | 65/66B | €2,907 | €6,465 | +€3,558 | +122.4% |
| Recurring financial charges | 65 | €2,907 | €6,465 | +€3,558 | +122.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,872 | -€2,238 | +€20,634 | +90.2% |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | -€22,876 | -€2,238 | +€20,639 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,876 | -€2,238 | +€20,639 | +90.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.