ALTER NATIVE: 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 NATIVE
Largest movements
- Deferred charges and accrued income +€21,549
up €21,549 (+1937.2%), from €1,112 to €22,661
- Receivables within one year -€15,924
down €15,924 (-94.7%), from €16,823 to €898
- Tangible fixed assets -€10,108
down €10,108 (-84.2%), from €12,001 to €1,893
of which Furniture and vehicles: -€9,774
- Cash +€5,148
up €5,148 (+185.5%), from €2,775 to €7,923
mainly Receivables within one year (+€15,924) and Net result for the year (+€15,370)
- Profit (loss) carried forward +€15,370
up €15,370 (+724.3%), from €2,122 to €17,492
- Debts after one year -€8,264
no longer reported in 2025 (was €8,264)
- Other debts -€7,593
down €7,593 (-63.3%), from €12,000 to €4,407
- Tax, wage and social debts +€5,707
up €5,707 (+210.2%), from €2,715 to €8,422
of which Taxes: +€5,707
- Current portion of long-term debt -€2,805
no longer reported in 2025 (was €2,805)
- Gross operating margin +€14,322
up €14,322 (+91.5%), from €15,647 to €29,969
- Depreciation -€4,127
down €4,127 (-97.5%), from €4,234 to €107
- Taxes +€3,499
up €3,499 (+129.2%), from €2,708 to €6,207
- Financial income -€981
down €981 (-91.0%), from €1,078 to €97
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 | €32,811 | €33,376 | +€565 | +1.7% |
| Fixed assets | 21/28 | €12,101 | €1,893 | -€10,208 | -84.4% |
| Tangible fixed assets | 22/27 | €12,001 | €1,893 | -€10,108 | -84.2% |
| Furniture and vehicles | 24 | €11,667 | €1,893 | -€9,774 | -83.8% |
| Other tangible fixed assets | 26 | €334 | - | -€334 | |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €20,710 | €31,482 | +€10,772 | +52.0% |
| Amounts receivable within one year | 40/41 | €16,823 | €898 | -€15,924 | -94.7% |
| Other amounts receivable | 41 | €16,823 | €898 | -€15,924 | -94.7% |
| Cash at bank and in hand | 54/58 | €2,775 | €7,923 | +€5,148 | +185.5% |
| Deferred charges and accrued income | 490/1 | €1,112 | €22,661 | +€21,549 | +1937.2% |
| Total equity and liabilities | 10/49 | €32,811 | €33,376 | +€565 | +1.7% |
| Equity | 10/15 | €5,122 | €20,492 | +€15,370 | +300.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,122 | €17,492 | +€15,370 | +724.3% |
| Amounts payable | 17/49 | €27,689 | €12,884 | -€14,805 | -53.5% |
| Amounts payable after more than one year | 17 | €8,264 | - | -€8,264 | |
| Financial debts | 170/4 | €8,264 | - | -€8,264 | |
| Amounts payable within one year | 42/48 | €19,424 | €12,884 | -€6,541 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €2,805 | - | -€2,805 | |
| Trade debts | 44 | €1,905 | €55 | -€1,849 | -97.1% |
| Suppliers | 440/4 | €1,905 | €55 | -€1,849 | -97.1% |
| Taxes, remuneration and social security | 45 | €2,715 | €8,422 | +€5,707 | +210.2% |
| Taxes | 450/3 | €2,715 | €8,422 | +€5,707 | +210.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,000 | €4,407 | -€7,593 | -63.3% |
| Non-recurring operating income | 76A | - | €753 | +€753 | |
| Remuneration, social security and pensions | 62 | €29 | - | -€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,234 | €107 | -€4,127 | -97.5% |
| Other operating charges | 640/8 | €417 | €488 | +€71 | +17.0% |
| Non-recurring operating charges | 66A | - | €7,001 | +€7,001 | |
| Gross operating margin | 9900 | €15,647 | €29,969 | +€14,322 | +91.5% |
| Operating profit (loss) | 9901 | €10,967 | €22,374 | +€11,407 | +104.0% |
| Financial income | 75/76B | €1,078 | €97 | -€981 | -91.0% |
| Recurring financial income | 75 | €1,078 | €97 | -€981 | -91.0% |
| Financial charges | 65/66B | €953 | €894 | -€59 | -6.1% |
| Recurring financial charges | 65 | €953 | €894 | -€59 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €11,092 | €21,577 | +€10,484 | +94.5% |
| Income taxes | 67/77 | €2,708 | €6,207 | +€3,499 | +129.2% |
| Profit (loss) for the period | 9904 | €8,384 | €15,370 | +€6,986 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,384 | €15,370 | +€6,986 | +83.3% |
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 10 October 2026 via checked.be.