ALTER PROD: what changed
Two fiscal 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 PROD
Largest movements
- Tangible fixed assets -€4,083
down €4,083 (-45.6%), from €8,945 to €4,863
of which Land and buildings: -€8,945
- Receivables within one year -€3,791
down €3,791 (-80.9%), from €4,684 to €893
of which Trade receivables: -€1,921
- Deferred charges and accrued income +€249
up €249 (+26.3%), from €945 to €1,194
- Profit (loss) carried forward -€28,663
down €28,663 (-56.6%), from -€50,644 to -€79,308
- Other debts +€19,281
up €19,281 (+29.7%), from €64,911 to €84,192
- Trade debts +€1,817
up €1,817 (+5936.8%), from €31 to €1,848
- Write-downs +€1,437
new in 2025: €1,437
- Gross operating margin -€1,233
down €1,233 (-6.2%), from -€19,931 to -€21,164
- Financial charges +€1,219
up €1,219 (+842.8%), from €145 to €1,364
- Depreciation +€848
up €848 (+26.2%), from €3,234 to €4,083
- Other operating charges -€628
down €628 (-64.7%), from €970 to €343
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 | €16,442 | €8,877 | -€7,565 | -46.0% |
| Fixed assets | 21/28 | €9,445 | €5,363 | -€4,083 | -43.2% |
| Tangible fixed assets | 22/27 | €8,945 | €4,863 | -€4,083 | -45.6% |
| Land and buildings | 22 | €8,945 | - | -€8,945 | |
| Plant, machinery and equipment | 23 | - | €4,863 | +€4,863 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €6,996 | €3,514 | -€3,482 | -49.8% |
| Amounts receivable within one year | 40/41 | €4,684 | €893 | -€3,791 | -80.9% |
| Trade receivables | 40 | €2,422 | €501 | -€1,921 | -79.3% |
| Other amounts receivable | 41 | €2,262 | €392 | -€1,870 | -82.7% |
| Cash at bank and in hand | 54/58 | €1,367 | €1,427 | +€60 | +4.4% |
| Deferred charges and accrued income | 490/1 | €945 | €1,194 | +€249 | +26.3% |
| Total equity and liabilities | 10/49 | €16,442 | €8,877 | -€7,565 | -46.0% |
| Equity | 10/15 | -€49,144 | -€77,808 | -€28,663 | -58.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,644 | -€79,308 | -€28,663 | -56.6% |
| Amounts payable | 17/49 | €65,586 | €86,684 | +€21,098 | +32.2% |
| Amounts payable within one year | 42/48 | €65,586 | €86,684 | +€21,098 | +32.2% |
| Trade debts | 44 | €31 | €1,848 | +€1,817 | +5936.8% |
| Suppliers | 440/4 | €31 | €1,848 | +€1,817 | +5936.8% |
| Taxes, remuneration and social security | 45 | €644 | €645 | +€0 | +0.1% |
| Taxes | 450/3 | €644 | €645 | +€0 | +0.1% |
| Other amounts payable | 47/48 | €64,911 | €84,192 | +€19,281 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,234 | €4,083 | +€848 | +26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,437 | +€1,437 | |
| Other operating charges | 640/8 | €970 | €343 | -€628 | -64.7% |
| Gross operating margin | 9900 | -€19,931 | -€21,164 | -€1,233 | -6.2% |
| Operating profit (loss) | 9901 | -€24,136 | -€27,027 | -€2,891 | -12.0% |
| Financial income | 75/76B | €0 | €14 | +€14 | +69400.0% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +69400.0% |
| Financial charges | 65/66B | €145 | €1,364 | +€1,219 | +842.8% |
| Recurring financial charges | 65 | €145 | €1,364 | +€1,219 | +842.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,280 | -€28,377 | -€4,096 | -16.9% |
| Income taxes | 67/77 | €358 | €287 | -€72 | -20.0% |
| Profit (loss) for the period | 9904 | -€24,639 | -€28,663 | -€4,025 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,639 | -€28,663 | -€4,025 | -16.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.