ALTER EGO: 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.
ALTER EGO
Largest movements
- Receivables within one year +€44,040
up €44,040 (+35.6%), from €123,785 to €167,825
of which Other amounts receivable: +€38,137
- Tangible fixed assets +€6,659
up €6,659 (+523.2%), from €1,273 to €7,932
of which Other tangible fixed assets: +€7,738
- Reserves +€42,334
up €42,334 (+101.1%), from €41,860 to €84,194
- Tax, wage and social debts +€6,734
up €6,734 (+36.8%), from €18,302 to €25,036
- Gross operating margin -€27,129
down €27,129 (-52.4%), from €51,806 to €24,677
- Taxes -€4,004
down €4,004 (-33.4%), from €12,000 to €7,996
- Depreciation +€941
up €941 (+198.2%), from €475 to €1,416
- Other operating charges -€764
down €764 (-79.4%), from €962 to €198
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,428 | €181,225 | +€50,797 | +38.9% |
| Fixed assets | 21/28 | €1,273 | €7,932 | +€6,659 | +523.2% |
| Tangible fixed assets | 22/27 | €1,273 | €7,932 | +€6,659 | +523.2% |
| Furniture and vehicles | 24 | €1,273 | €194 | -€1,079 | -84.8% |
| Other tangible fixed assets | 26 | - | €7,738 | +€7,738 | |
| Current assets | 29/58 | €129,155 | €173,293 | +€44,138 | +34.2% |
| Amounts receivable within one year | 40/41 | €123,785 | €167,825 | +€44,040 | +35.6% |
| Trade receivables | 40 | €1,400 | €7,304 | +€5,904 | +421.7% |
| Other amounts receivable | 41 | €122,385 | €160,521 | +€38,137 | +31.2% |
| Cash at bank and in hand | 54/58 | €5,371 | €5,216 | -€155 | -2.9% |
| Deferred charges and accrued income | 490/1 | €0 | €253 | +€253 | |
| Total equity and liabilities | 10/49 | €130,428 | €181,225 | +€50,797 | +38.9% |
| Equity | 10/15 | €110,226 | €152,560 | +€42,334 | +38.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,860 | €84,194 | +€42,334 | +101.1% |
| Distributable reserves | 133 | €41,860 | €84,194 | +€42,334 | +101.1% |
| Profit (loss) carried forward | 14 | €49,766 | €49,766 | = | 0.0% |
| Amounts payable | 17/49 | €20,202 | €28,665 | +€8,463 | +41.9% |
| Amounts payable within one year | 42/48 | €20,202 | €28,665 | +€8,463 | +41.9% |
| Trade debts | 44 | €1,900 | €3,628 | +€1,728 | +91.0% |
| Suppliers | 440/4 | €1,900 | €3,628 | +€1,728 | +91.0% |
| Taxes, remuneration and social security | 45 | €18,302 | €25,036 | +€6,734 | +36.8% |
| Taxes | 450/3 | €18,302 | €25,036 | +€6,734 | +36.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €1,416 | +€941 | +198.2% |
| Other operating charges | 640/8 | €962 | €198 | -€764 | -79.4% |
| Gross operating margin | 9900 | €51,806 | €24,677 | -€27,129 | -52.4% |
| Operating profit (loss) | 9901 | €50,369 | €23,062 | -€27,306 | -54.2% |
| Financial charges | 65/66B | €933 | €604 | -€330 | -35.3% |
| Recurring financial charges | 65 | €933 | €604 | -€330 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €49,436 | €22,459 | -€26,977 | -54.6% |
| Income taxes | 67/77 | €12,000 | €7,996 | -€4,004 | -33.4% |
| Profit (loss) for the period | 9904 | €37,436 | €14,463 | -€22,973 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,436 | €14,463 | -€22,973 | -61.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.