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
- Tangible fixed assets -€30,347
down €30,347 (-10.3%), from €294,105 to €263,758
of which Land and buildings: -€23,598
- Profit (loss) carried forward -€25,004
down €25,004 (-49.4%), from -€50,600 to -€75,604
- Debts after one year -€11,780
down €11,780 (-47.1%), from €25,000 to €13,220
- Gross operating margin +€24,351
up €24,351, from -€17,346 to €7,005
- Staff costs -€6,419
no longer reported in 2025 (was €6,419)
- Depreciation -€925
down €925 (-3.0%), from €31,272 to €30,347
- Other operating charges -€294
down €294 (-18.3%), from €1,605 to €1,311
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 | €300,265 | €266,396 | -€33,869 | -11.3% |
| Fixed assets | 21/28 | €294,105 | €263,758 | -€30,347 | -10.3% |
| Tangible fixed assets | 22/27 | €294,105 | €263,758 | -€30,347 | -10.3% |
| Land and buildings | 22 | €250,358 | €226,760 | -€23,598 | -9.4% |
| Plant, machinery and equipment | 23 | €43,660 | €36,998 | -€6,661 | -15.3% |
| Furniture and vehicles | 24 | €88 | - | -€88 | |
| Current assets | 29/58 | €6,160 | €2,638 | -€3,522 | -57.2% |
| Stocks and contracts in progress | 3 | €2,087 | €127 | -€1,960 | -93.9% |
| Stocks | 30/36 | €2,087 | €127 | -€1,960 | -93.9% |
| Amounts receivable within one year | 40/41 | €3,486 | €790 | -€2,696 | -77.3% |
| Other amounts receivable | 41 | €3,486 | €790 | -€2,696 | -77.3% |
| Cash at bank and in hand | 54/58 | €587 | €485 | -€102 | -17.4% |
| Deferred charges and accrued income | 490/1 | - | €1,236 | +€1,236 | |
| Total equity and liabilities | 10/49 | €300,265 | €266,396 | -€33,869 | -11.3% |
| Equity | 10/15 | €272,970 | €247,966 | -€25,004 | -9.2% |
| Contributions | 10/11 | €323,571 | €323,571 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,600 | -€75,604 | -€25,004 | -49.4% |
| Amounts payable | 17/49 | €27,295 | €18,430 | -€8,865 | -32.5% |
| Amounts payable after more than one year | 17 | €25,000 | €13,220 | -€11,780 | -47.1% |
| Other amounts payable | 178/9 | €25,000 | €13,220 | -€11,780 | -47.1% |
| Amounts payable within one year | 42/48 | €2,295 | €5,210 | +€2,915 | +127.1% |
| Trade debts | 44 | €1,350 | - | -€1,350 | |
| Suppliers | 440/4 | €1,350 | - | -€1,350 | |
| Taxes, remuneration and social security | 45 | - | €2,493 | +€2,493 | |
| Taxes | 450/3 | - | €2,493 | +€2,493 | |
| Other amounts payable | 47/48 | €945 | €2,717 | +€1,772 | +187.5% |
| Remuneration, social security and pensions | 62 | €6,419 | - | -€6,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,272 | €30,347 | -€925 | -3.0% |
| Other operating charges | 640/8 | €1,605 | €1,311 | -€294 | -18.3% |
| Gross operating margin | 9900 | -€17,346 | €7,005 | +€24,351 | |
| Operating profit (loss) | 9901 | -€56,642 | -€24,653 | +€31,990 | +56.5% |
| Financial charges | 65/66B | €247 | €352 | +€104 | +42.1% |
| Recurring financial charges | 65 | €247 | €352 | +€104 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | -€56,890 | -€25,004 | +€31,886 | +56.0% |
| Profit (loss) for the period | 9904 | -€56,890 | -€25,004 | +€31,886 | +56.0% |
| Transfer from tax-exempt reserves | 789 | €1,777 | - | -€1,777 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,113 | -€25,004 | +€30,109 | +54.6% |
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 12 October 2026 via checked.be.