ALTER ENERGIES: what changed
ALTER ENERGIES
Largest movements
- Cash -€198,987
down €198,987 (-74.8%), from €266,007 to €67,020
mainly Debts after one year (-€88,803) and Investment in fixed assets (net) (-€85,461)
- Receivables within one year +€49,942
up €49,942 (+80.3%), from €62,194 to €112,136
of which Trade receivables: +€47,203
- Tangible fixed assets +€47,572
up €47,572 (+10.7%), from €443,966 to €491,538
- Deferred charges and accrued income +€11,803
up €11,803 (+175%), from €6,746 to €18,550
- Debts after one year -€88,803
down €88,803 (-26.4%), from €336,849 to €248,046
- Accrued charges and deferred income -€18,610
no longer reported in 2024 (was €18,610)
- Trade debts -€17,067
down €17,067 (-20.9%), from €81,509 to €64,441
- Reserves +€15,000
up €15,000 (+15.6%), from €96,401 to €111,401
of which Distributable reserves: +€15,940
- Current portion of long-term debt +€9,927
up €9,927 (+17.0%), from €58,482 to €68,408
- Gross operating margin -€78,697
down €78,697 (-16.2%), from €484,814 to €406,117
- Staff costs +€39,436
up €39,436 (+13.5%), from €292,478 to €331,913
- Depreciation -€36,001
down €36,001 (-48.2%), from €74,742 to €38,742
- Taxes -€25,764
down €25,764 (-80.1%), from €32,175 to €6,411
- Financial income +€8,450
up €8,450 (+251%), from €3,370 to €11,819
of which Non-recurring financial income: +€9,047
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €797,995 | €710,685 | -€87,310 | -10.9% |
| Fixed assets | 21/28 | €449,364 | €496,084 | +€46,719 | +10.4% |
| Tangible fixed assets | 22/27 | €443,966 | €491,538 | +€47,572 | +10.7% |
| Land and buildings | 22 | €390,944 | €411,531 | +€20,587 | +5.3% |
| Plant, machinery and equipment | 23 | €13,029 | €21,235 | +€8,206 | +63.0% |
| Furniture and vehicles | 24 | €39,993 | €58,771 | +€18,779 | +47.0% |
| Financial fixed assets | 28 | €5,399 | €4,546 | -€853 | -15.8% |
| Current assets | 29/58 | €348,631 | €214,602 | -€134,029 | -38.4% |
| Stocks and contracts in progress | 3 | €13,683 | €16,896 | +€3,213 | +23.5% |
| Stocks | 30/36 | €13,683 | €16,896 | +€3,213 | +23.5% |
| Amounts receivable within one year | 40/41 | €62,194 | €112,136 | +€49,942 | +80.3% |
| Trade receivables | 40 | €38,717 | €85,921 | +€47,203 | +122% |
| Other amounts receivable | 41 | €23,477 | €26,216 | +€2,739 | +11.7% |
| Cash at bank and in hand | 54/58 | €266,007 | €67,020 | -€198,987 | -74.8% |
| Deferred charges and accrued income | 490/1 | €6,746 | €18,550 | +€11,803 | +175% |
| Total equity and liabilities | 10/49 | €797,995 | €710,685 | -€87,310 | -10.9% |
| Equity | 10/15 | €237,107 | €257,431 | +€20,324 | +8.6% |
| Contributions | 10/11 | €5,300 | €5,300 | = | 0.0% |
| Capital | 10 | €5,300 | €5,300 | = | 0.0% |
| Issued capital | 100 | €5,300 | €5,300 | = | 0.0% |
| Reserves | 13 | €96,401 | €111,401 | +€15,000 | +15.6% |
| Non-distributable reserves | 130/1 | €940 | - | -€940 | |
| Legal reserve | 130 | €940 | - | -€940 | |
| Distributable reserves | 133 | €95,461 | €111,401 | +€15,940 | +16.7% |
| Profit (loss) carried forward | 14 | €129,406 | €136,730 | +€7,324 | +5.7% |
| Investment grants | 15 | €6,000 | €4,000 | -€2,000 | -33.3% |
| Amounts payable | 17/49 | €560,888 | €453,254 | -€107,634 | -19.2% |
| Amounts payable after more than one year | 17 | €336,849 | €248,046 | -€88,803 | -26.4% |
| Financial debts | 170/4 | €336,849 | €248,046 | -€88,803 | -26.4% |
| Amounts payable within one year | 42/48 | €205,428 | €205,208 | -€220 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €58,482 | €68,408 | +€9,927 | +17.0% |
| Trade debts | 44 | €81,509 | €64,441 | -€17,067 | -20.9% |
| Suppliers | 440/4 | €81,509 | €64,441 | -€17,067 | -20.9% |
| Taxes, remuneration and social security | 45 | €65,438 | €72,358 | +€6,921 | +10.6% |
| Taxes | 450/3 | €36,809 | €41,156 | +€4,347 | +11.8% |
| Remuneration and social security | 454/9 | €28,629 | €31,202 | +€2,573 | +9.0% |
| Accrued charges and deferred income | 492/3 | €18,610 | - | -€18,610 | |
| Remuneration, social security and pensions | 62 | €292,478 | €331,913 | +€39,436 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,742 | €38,742 | -€36,001 | -48.2% |
| Other operating charges | 640/8 | €7,305 | €4,945 | -€2,360 | -32.3% |
| Gross operating margin | 9900 | €484,814 | €406,117 | -€78,697 | -16.2% |
| Operating profit (loss) | 9901 | €110,289 | €30,517 | -€79,772 | -72.3% |
| Financial income | 75/76B | €3,370 | €11,819 | +€8,450 | +251% |
| Recurring financial income | 75 | €2,848 | €2,251 | -€597 | -21.0% |
| Non-recurring financial income | 76B | €522 | €9,568 | +€9,047 | +1,734% |
| Financial charges | 65/66B | €6,675 | €13,602 | +€6,927 | +104% |
| Recurring financial charges | 65 | €5,338 | €13,602 | +€8,264 | +155% |
| Non-recurring financial charges | 66B | €1,337 | - | -€1,337 | |
| Profit (loss) for the period before taxes | 9903 | €106,984 | €28,735 | -€78,249 | -73.1% |
| Income taxes | 67/77 | €32,175 | €6,411 | -€25,764 | -80.1% |
| Profit (loss) for the period | 9904 | €74,808 | €22,324 | -€52,485 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,808 | €22,324 | -€52,485 | -70.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.