ALTER EGO: 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 EGO
Largest movements
- Receivables within one year +€59,771
up €59,771 (+24.5%), from €243,801 to €303,572
of which Trade receivables: +€97,123
- Cash +€32,512
up €32,512 (+34.5%), from €94,229 to €126,741
mainly Net result for the year (+€68,804) and Tax, wage and social debts (+€31,880)
- Deferred charges and accrued income -€29,185
no longer reported in 2025 (was €29,185)
- Tangible fixed assets +€27,104
up €27,104 (+35.0%), from €77,360 to €104,464
of which Land and buildings: +€31,431
- Current investments +€13,763
up €13,763 (+7.1%), from €192,825 to €206,587
- Reserves +€68,000
up €68,000 (+13.2%), from €513,714 to €581,714
of which Distributable reserves: +€68,000
- Tax, wage and social debts +€31,880
up €31,880 (+114.0%), from €27,956 to €59,836
of which Taxes: +€30,369
- Accrued charges and deferred income +€24,890
up €24,890 (+214.4%), from €11,610 to €36,500
- Debts after one year -€15,041
down €15,041 (-21.2%), from €70,870 to €55,829
- Trade debts -€9,614
down €9,614 (-48.3%), from €19,919 to €10,304
- Gross operating margin +€94,635
up €94,635 (+136.1%), from €69,552 to €164,187
- Financial income -€76,183
down €76,183 (-89.0%), from €85,619 to €9,436
- Staff costs +€12,793
up €12,793 (+44.2%), from €28,938 to €41,731
- Depreciation +€2,801
up €2,801 (+17.6%), from €15,939 to €18,740
- Taxes +€1,886
up €1,886 (+6.1%), from €30,950 to €32,836
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 | €652,399 | €756,365 | +€103,966 | +15.9% |
| Fixed assets | 21/28 | €92,360 | €119,464 | +€27,104 | +29.3% |
| Tangible fixed assets | 22/27 | €77,360 | €104,464 | +€27,104 | +35.0% |
| Land and buildings | 22 | €68,591 | €100,022 | +€31,431 | +45.8% |
| Plant, machinery and equipment | 23 | €2,277 | - | -€2,277 | |
| Furniture and vehicles | 24 | €6,492 | €4,442 | -€2,050 | -31.6% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €560,040 | €636,901 | +€76,861 | +13.7% |
| Amounts receivable within one year | 40/41 | €243,801 | €303,572 | +€59,771 | +24.5% |
| Trade receivables | 40 | €89,141 | €186,264 | +€97,123 | +109.0% |
| Other amounts receivable | 41 | €154,660 | €117,308 | -€37,352 | -24.2% |
| Current investments | 50/53 | €192,825 | €206,587 | +€13,763 | +7.1% |
| Cash at bank and in hand | 54/58 | €94,229 | €126,741 | +€32,512 | +34.5% |
| Deferred charges and accrued income | 490/1 | €29,185 | - | -€29,185 | |
| Total equity and liabilities | 10/49 | €652,399 | €756,365 | +€103,966 | +15.9% |
| Equity | 10/15 | €507,551 | €576,355 | +€68,804 | +13.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €513,714 | €581,714 | +€68,000 | +13.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,980 | €18,980 | = | 0.0% |
| Distributable reserves | 133 | €492,874 | €560,874 | +€68,000 | +13.8% |
| Profit (loss) carried forward | 14 | -€12,363 | -€11,559 | +€804 | +6.5% |
| Amounts payable | 17/49 | €144,848 | €180,010 | +€35,162 | +24.3% |
| Amounts payable after more than one year | 17 | €70,870 | €55,829 | -€15,041 | -21.2% |
| Financial debts | 170/4 | €70,870 | €55,829 | -€15,041 | -21.2% |
| Amounts payable within one year | 42/48 | €62,369 | €87,681 | +€25,312 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €14,491 | €15,041 | +€550 | +3.8% |
| Financial debts | 43 | €3 | - | -€3 | |
| Credit institutions | 430/8 | €3 | - | -€3 | |
| Trade debts | 44 | €19,919 | €10,304 | -€9,614 | -48.3% |
| Suppliers | 440/4 | €19,919 | €10,304 | -€9,614 | -48.3% |
| Taxes, remuneration and social security | 45 | €27,956 | €59,836 | +€31,880 | +114.0% |
| Taxes | 450/3 | €23,527 | €53,896 | +€30,369 | +129.1% |
| Remuneration and social security | 454/9 | €4,429 | €5,940 | +€1,511 | +34.1% |
| Other amounts payable | 47/48 | - | €2,500 | +€2,500 | |
| Accrued charges and deferred income | 492/3 | €11,610 | €36,500 | +€24,890 | +214.4% |
| Remuneration, social security and pensions | 62 | €28,938 | €41,731 | +€12,793 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,939 | €18,740 | +€2,801 | +17.6% |
| Other operating charges | 640/8 | €2,570 | €1,800 | -€769 | -29.9% |
| Gross operating margin | 9900 | €69,552 | €164,187 | +€94,635 | +136.1% |
| Operating profit (loss) | 9901 | €22,105 | €101,916 | +€79,811 | +361.1% |
| Financial income | 75/76B | €85,619 | €9,436 | -€76,183 | -89.0% |
| Recurring financial income | 75 | €85,619 | €9,436 | -€76,183 | -89.0% |
| Financial charges | 65/66B | €8,284 | €9,712 | +€1,428 | +17.2% |
| Recurring financial charges | 65 | €8,284 | €9,712 | +€1,428 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €99,439 | €101,640 | +€2,200 | +2.2% |
| Income taxes | 67/77 | €30,950 | €32,836 | +€1,886 | +6.1% |
| Profit (loss) for the period | 9904 | €68,490 | €68,804 | +€314 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,490 | €68,804 | +€314 | +0.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.