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
- Cash -€85,427
down €85,427 (-83.6%), from €102,179 to €16,752
mainly Investment in fixed assets (net) (-€54,264) and Tax, wage and social debts (-€21,913)
- Tangible fixed assets +€48,983
up €48,983 (+261%), from €18,756 to €67,739
of which Other tangible fixed assets: +€42,766
- Receivables within one year +€21,139
up €21,139 (+110%), from €19,169 to €40,308
of which Trade receivables: +€18,639
- Receivables after one year +€3,380
up €3,380 (+4.7%), from €71,614 to €74,994
- Tax, wage and social debts -€21,913
down €21,913 (-70.0%), from €31,310 to €9,397
- Trade debts +€10,655
up €10,655 (+130%), from €8,189 to €18,844
- Debts after one year -€6,683
down €6,683 (-23.7%), from €28,247 to €21,565
- Reserves +€4,867
up €4,867 (+3.9%), from €124,840 to €129,707
- Gross operating margin -€27,083
down €27,083 (-63.4%), from €42,690 to €15,606
- Taxes -€6,285
down €6,285 (-62.7%), from €10,028 to €3,743
- Financial charges +€3,280
up €3,280 (+821%), from €400 to €3,679
- Depreciation +€2,009
up €2,009 (+61.4%), from €3,272 to €5,281
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 | €211,718 | €199,793 | -€11,925 | -5.6% |
| Fixed assets | 21/28 | €18,756 | €67,739 | +€48,983 | +261% |
| Tangible fixed assets | 22/27 | €18,756 | €67,739 | +€48,983 | +261% |
| Plant, machinery and equipment | 23 | €3,068 | €6,301 | +€3,234 | +105% |
| Furniture and vehicles | 24 | €5,502 | €8,485 | +€2,982 | +54.2% |
| Other tangible fixed assets | 26 | €10,187 | €52,953 | +€42,766 | +420% |
| Current assets | 29/58 | €192,962 | €132,054 | -€60,907 | -31.6% |
| Amounts receivable after more than one year | 29 | €71,614 | €74,994 | +€3,380 | +4.7% |
| Other amounts receivable | 291 | €71,614 | €74,994 | +€3,380 | +4.7% |
| Amounts receivable within one year | 40/41 | €19,169 | €40,308 | +€21,139 | +110% |
| Trade receivables | 40 | €19,169 | €37,808 | +€18,639 | +97.2% |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €102,179 | €16,752 | -€85,427 | -83.6% |
| Total equity and liabilities | 10/49 | €211,718 | €199,793 | -€11,925 | -5.6% |
| Equity | 10/15 | €134,840 | €139,707 | +€4,867 | +3.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €124,840 | €129,707 | +€4,867 | +3.9% |
| Distributable reserves | 133 | €124,840 | €129,707 | +€4,867 | +3.9% |
| Amounts payable | 17/49 | €76,878 | €60,086 | -€16,792 | -21.8% |
| Amounts payable after more than one year | 17 | €28,247 | €21,565 | -€6,683 | -23.7% |
| Financial debts | 170/4 | €28,247 | €21,565 | -€6,683 | -23.7% |
| Amounts payable within one year | 42/48 | €48,631 | €38,522 | -€10,109 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €6,445 | €6,683 | +€238 | +3.7% |
| Trade debts | 44 | €8,189 | €18,844 | +€10,655 | +130% |
| Suppliers | 440/4 | €8,189 | €18,844 | +€10,655 | +130% |
| Taxes, remuneration and social security | 45 | €31,310 | €9,397 | -€21,913 | -70.0% |
| Taxes | 450/3 | €31,310 | €9,397 | -€21,913 | -70.0% |
| Other amounts payable | 47/48 | €2,687 | €3,597 | +€910 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,272 | €5,281 | +€2,009 | +61.4% |
| Other operating charges | 640/8 | €1,543 | €1,436 | -€108 | -7.0% |
| Gross operating margin | 9900 | €42,690 | €15,606 | -€27,083 | -63.4% |
| Operating profit (loss) | 9901 | €37,874 | €8,889 | -€28,985 | -76.5% |
| Financial income | 75/76B | €3,228 | €3,400 | +€172 | +5.3% |
| Recurring financial income | 75 | €3,228 | €3,400 | +€172 | +5.3% |
| Financial charges | 65/66B | €400 | €3,679 | +€3,280 | +821% |
| Recurring financial charges | 65 | €400 | €3,679 | +€3,280 | +821% |
| Profit (loss) for the period before taxes | 9903 | €40,703 | €8,610 | -€32,093 | -78.8% |
| Income taxes | 67/77 | €10,028 | €3,743 | -€6,285 | -62.7% |
| Profit (loss) for the period | 9904 | €30,674 | €4,867 | -€25,807 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,674 | €4,867 | -€25,807 | -84.1% |
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 16 October 2026 via checked.be.