alter-point: 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-point
Largest movements
- Current investments +€40,000
up €40,000 (+46.0%), from €87,044 to €127,044
- Cash -€20,225
down €20,225 (-33.0%), from €61,246 to €41,022
mainly Current investments (-€40,000) and Investment in fixed assets (net) (-€18,790)
- Receivables within one year -€13,100
down €13,100 (-61.9%), from €21,177 to €8,077
of which Trade receivables: -€15,625
- Reserves +€13,000
up €13,000 (+12.3%), from €105,605 to €118,605
of which Distributable reserves: +€13,000
- Tax, wage and social debts -€9,764
down €9,764 (-47.1%), from €20,724 to €10,961
of which Taxes: -€9,404
- Profit (loss) carried forward +€2,840
up €2,840 (+3.6%), from €78,733 to €81,573
- Gross operating margin -€42,614
down €42,614 (-45.3%), from €94,007 to €51,393
- Taxes -€16,692
down €16,692 (-55.7%), from €29,989 to €13,297
- Depreciation +€3,245
up €3,245 (+20.3%), from €15,960 to €19,205
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,547 | €219,744 | +€5,197 | +2.4% |
| Fixed assets | 21/28 | €40,667 | €40,252 | -€415 | -1.0% |
| Tangible fixed assets | 22/27 | €40,667 | €40,252 | -€415 | -1.0% |
| Plant, machinery and equipment | 23 | €7,267 | €3,060 | -€4,207 | -57.9% |
| Furniture and vehicles | 24 | €23,354 | €23,653 | +€298 | +1.3% |
| Other tangible fixed assets | 26 | €10,045 | €13,538 | +€3,493 | +34.8% |
| Current assets | 29/58 | €173,880 | €179,492 | +€5,612 | +3.2% |
| Amounts receivable within one year | 40/41 | €21,177 | €8,077 | -€13,100 | -61.9% |
| Trade receivables | 40 | €15,625 | - | -€15,625 | |
| Other amounts receivable | 41 | €5,552 | €8,077 | +€2,525 | +45.5% |
| Current investments | 50/53 | €87,044 | €127,044 | +€40,000 | +46.0% |
| Cash at bank and in hand | 54/58 | €61,246 | €41,022 | -€20,225 | -33.0% |
| Deferred charges and accrued income | 490/1 | €4,412 | €3,349 | -€1,063 | -24.1% |
| Total equity and liabilities | 10/49 | €214,547 | €219,744 | +€5,197 | +2.4% |
| Equity | 10/15 | €190,538 | €206,378 | +€15,840 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,605 | €118,605 | +€13,000 | +12.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €85,000 | €98,000 | +€13,000 | +15.3% |
| Profit (loss) carried forward | 14 | €78,733 | €81,573 | +€2,840 | +3.6% |
| Amounts payable | 17/49 | €24,008 | €13,365 | -€10,643 | -44.3% |
| Amounts payable within one year | 42/48 | €24,008 | €13,365 | -€10,643 | -44.3% |
| Trade debts | 44 | €1,746 | €2,405 | +€658 | +37.7% |
| Suppliers | 440/4 | €1,746 | €2,405 | +€658 | +37.7% |
| Taxes, remuneration and social security | 45 | €20,724 | €10,961 | -€9,764 | -47.1% |
| Taxes | 450/3 | €17,645 | €8,241 | -€9,404 | -53.3% |
| Remuneration and social security | 454/9 | €3,080 | €2,720 | -€360 | -11.7% |
| Other amounts payable | 47/48 | €1,538 | - | -€1,538 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,960 | €19,205 | +€3,245 | +20.3% |
| Other operating charges | 640/8 | €2,428 | €2,598 | +€169 | +7.0% |
| Gross operating margin | 9900 | €94,007 | €51,393 | -€42,614 | -45.3% |
| Operating profit (loss) | 9901 | €75,619 | €29,591 | -€46,029 | -60.9% |
| Financial income | 75/76B | €17 | €1 | -€16 | -94.5% |
| Recurring financial income | 75 | €17 | €1 | -€16 | -94.5% |
| Financial charges | 65/66B | €753 | €454 | -€299 | -39.7% |
| Recurring financial charges | 65 | €753 | €454 | -€299 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €74,883 | €29,137 | -€45,745 | -61.1% |
| Income taxes | 67/77 | €29,989 | €13,297 | -€16,692 | -55.7% |
| Profit (loss) for the period | 9904 | €44,894 | €15,840 | -€29,054 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,894 | €15,840 | -€29,054 | -64.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.