ALTER LOGOPEDICA: 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 LOGOPEDICA
Largest movements
- Tangible fixed assets +€51,392
up €51,392 (+301%), from €17,056 to €68,447
of which Furniture and vehicles: +€56,905
- Cash +€45,287
up €45,287 (+36.2%), from €125,252 to €170,539
mainly Debts after one year (+€45,662) and Net result for the year (+€32,567)
- Debts after one year +€45,662
new in 2025: €45,662
- Reserves +€32,567
up €32,567 (+23.2%), from €140,580 to €173,147
- Current portion of long-term debt +€13,874
new in 2025: €13,874
- Other debts +€5,952
up €5,952 (+52.0%), from €11,444 to €17,396
- Depreciation +€7,378
up €7,378 (+56.3%), from €13,103 to €20,480
- Gross operating margin -€4,050
down €4,050 (-5.6%), from €72,007 to €67,956
- Taxes -€3,342
down €3,342 (-20.3%), from €16,477 to €13,135
- Financial charges +€1,653
up €1,653 (+136%), from €1,217 to €2,870
- Financial income +€1,634
up €1,634 (+1,300%), from €126 to €1,760
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 | €196,077 | €292,827 | +€96,750 | +49.3% |
| Fixed assets | 21/28 | €17,056 | €68,447 | +€51,392 | +301% |
| Tangible fixed assets | 22/27 | €17,056 | €68,447 | +€51,392 | +301% |
| Land and buildings | 22 | €10,389 | €7,356 | -€3,033 | -29.2% |
| Plant, machinery and equipment | 23 | €5,759 | €3,278 | -€2,481 | -43.1% |
| Furniture and vehicles | 24 | €908 | €57,812 | +€56,905 | +6,270% |
| Current assets | 29/58 | €179,021 | €224,380 | +€45,359 | +25.3% |
| Amounts receivable within one year | 40/41 | €13,118 | €11,235 | -€1,883 | -14.4% |
| Trade receivables | 40 | €13,118 | €11,235 | -€1,883 | -14.4% |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €125,252 | €170,539 | +€45,287 | +36.2% |
| Deferred charges and accrued income | 490/1 | €650 | €2,606 | +€1,955 | +301% |
| Total equity and liabilities | 10/49 | €196,077 | €292,827 | +€96,750 | +49.3% |
| Equity | 10/15 | €174,401 | €206,968 | +€32,567 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,580 | €173,147 | +€32,567 | +23.2% |
| Distributable reserves | 133 | €140,580 | €173,147 | +€32,567 | +23.2% |
| Profit (loss) carried forward | 14 | €15,221 | €15,221 | = | 0.0% |
| Amounts payable | 17/49 | €21,676 | €85,859 | +€64,183 | +296% |
| Amounts payable after more than one year | 17 | - | €45,662 | +€45,662 | |
| Financial debts | 170/4 | - | €45,662 | +€45,662 | |
| Amounts payable within one year | 42/48 | €20,874 | €39,894 | +€19,021 | +91.1% |
| Current portion of amounts payable after more than one year | 42 | - | €13,874 | +€13,874 | |
| Trade debts | 44 | €4,991 | €5,018 | +€28 | +0.6% |
| Suppliers | 440/4 | €4,991 | €5,018 | +€28 | +0.6% |
| Taxes, remuneration and social security | 45 | €4,439 | €3,607 | -€832 | -18.8% |
| Taxes | 450/3 | €4,439 | €3,607 | -€832 | -18.8% |
| Other amounts payable | 47/48 | €11,444 | €17,396 | +€5,952 | +52.0% |
| Accrued charges and deferred income | 492/3 | €802 | €303 | -€500 | -62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,103 | €20,480 | +€7,378 | +56.3% |
| Other operating charges | 640/8 | €643 | €665 | +€21 | +3.3% |
| Gross operating margin | 9900 | €72,007 | €67,956 | -€4,050 | -5.6% |
| Operating profit (loss) | 9901 | €58,261 | €46,812 | -€11,449 | -19.7% |
| Financial income | 75/76B | €126 | €1,760 | +€1,634 | +1,300% |
| Recurring financial income | 75 | €126 | €1,760 | +€1,634 | +1,300% |
| Financial charges | 65/66B | €1,217 | €2,870 | +€1,653 | +136% |
| Recurring financial charges | 65 | €1,217 | €2,870 | +€1,653 | +136% |
| Profit (loss) for the period before taxes | 9903 | €57,170 | €45,701 | -€11,468 | -20.1% |
| Income taxes | 67/77 | €16,477 | €13,135 | -€3,342 | -20.3% |
| Profit (loss) for the period | 9904 | €40,693 | €32,567 | -€8,126 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,693 | €32,567 | -€8,126 | -20.0% |
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 24 October 2026 via checked.be.