ALTERA: 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.
ALTERA
Largest movements
- Cash +€20,983
up €20,983 (+75.2%), from €27,900 to €48,884
mainly Net result for the year (+€50,163) and Depreciation (+€2,429)
- Tangible fixed assets -€2,429
down €2,429 (-51.8%), from €4,691 to €2,263
- Receivables within one year -€2,368
down €2,368 (-3.3%), from €70,730 to €68,363
of which Trade receivables: -€10,744
- Reserves +€34,228
up €34,228 (+43.4%), from €78,805 to €113,033
- Trade debts -€13,600
down €13,600 (-76.0%), from €17,904 to €4,304
- Other debts -€6,003
down €6,003 (-28.4%), from €21,162 to €15,159
- Tax, wage and social debts +€1,854
up €1,854 (+47.5%), from €3,907 to €5,760
- Gross operating margin +€32,060
up €32,060 (+70.4%), from €45,534 to €77,593
- Staff costs -€18,577
no longer reported in 2025 (was €18,577)
- Write-downs +€6,000
no longer reported in 2025 (was -€6,000)
- Taxes +€4,530
up €4,530 (+931.2%), from €486 to €5,016
- Other operating charges -€4,437
down €4,437 (-18.2%), from €24,384 to €19,947
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 | €136,651 | €153,129 | +€16,479 | +12.1% |
| Fixed assets | 21/28 | €9,633 | €7,205 | -€2,429 | -25.2% |
| Tangible fixed assets | 22/27 | €4,691 | €2,263 | -€2,429 | -51.8% |
| Plant, machinery and equipment | 23 | €4,691 | €2,263 | -€2,429 | -51.8% |
| Financial fixed assets | 28 | €4,942 | €4,942 | = | 0.0% |
| Current assets | 29/58 | €127,017 | €145,925 | +€18,908 | +14.9% |
| Amounts receivable within one year | 40/41 | €70,730 | €68,363 | -€2,368 | -3.3% |
| Trade receivables | 40 | €70,730 | €59,987 | -€10,744 | -15.2% |
| Other amounts receivable | 41 | - | €8,376 | +€8,376 | |
| Current investments | 50/53 | €26,844 | €27,135 | +€292 | +1.1% |
| Cash at bank and in hand | 54/58 | €27,900 | €48,884 | +€20,983 | +75.2% |
| Deferred charges and accrued income | 490/1 | €1,543 | €1,543 | = | 0.0% |
| Total equity and liabilities | 10/49 | €136,651 | €153,129 | +€16,479 | +12.1% |
| Equity | 10/15 | €93,679 | €127,907 | +€34,228 | +36.5% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €78,805 | €113,033 | +€34,228 | +43.4% |
| Distributable reserves | 133 | €78,805 | €113,033 | +€34,228 | +43.4% |
| Amounts payable | 17/49 | €42,972 | €25,223 | -€17,749 | -41.3% |
| Amounts payable within one year | 42/48 | €42,972 | €25,223 | -€17,749 | -41.3% |
| Trade debts | 44 | €17,904 | €4,304 | -€13,600 | -76.0% |
| Suppliers | 440/4 | €17,904 | €4,304 | -€13,600 | -76.0% |
| Taxes, remuneration and social security | 45 | €3,907 | €5,760 | +€1,854 | +47.5% |
| Taxes | 450/3 | €3,907 | €5,760 | +€1,854 | +47.5% |
| Other amounts payable | 47/48 | €21,162 | €15,159 | -€6,003 | -28.4% |
| Remuneration, social security and pensions | 62 | €18,577 | - | -€18,577 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,022 | €2,429 | -€594 | -19.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,000 | - | +€6,000 | |
| Other operating charges | 640/8 | €24,384 | €19,947 | -€4,437 | -18.2% |
| Gross operating margin | 9900 | €45,534 | €77,593 | +€32,060 | +70.4% |
| Operating profit (loss) | 9901 | €5,550 | €55,217 | +€49,667 | +894.9% |
| Financial income | 75/76B | €223 | €345 | +€122 | +54.8% |
| Recurring financial income | 75 | €223 | €345 | +€122 | +54.8% |
| Financial charges | 65/66B | €422 | €383 | -€39 | -9.3% |
| Recurring financial charges | 65 | €422 | €383 | -€39 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €5,351 | €55,180 | +€49,829 | +931.2% |
| Income taxes | 67/77 | €486 | €5,016 | +€4,530 | +931.2% |
| Profit (loss) for the period | 9904 | €4,865 | €50,163 | +€45,299 | +931.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,865 | €50,163 | +€45,299 | +931.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.