ALTERA: 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.
ALTERA
Largest movements
- Cash +€110,028
up €110,028 (+83.7%), from €131,474 to €241,501
mainly Net result for the year (+€108,647) and Depreciation (+€54,121)
- Tangible fixed assets -€54,121
down €54,121 (-29.8%), from €181,581 to €127,460
of which Furniture and vehicles: -€33,477
- Receivables within one year -€8,608
down €8,608 (-19.5%), from €44,098 to €35,490
of which Trade receivables: -€8,380
- Debts after one year -€59,148
down €59,148 (-34.6%), from €171,044 to €111,896
- Profit (loss) carried forward +€48,647
up €48,647 (+52.0%), from -€93,632 to -€44,985
- Tax, wage and social debts +€37,941
up €37,941 (+35.9%), from €105,742 to €143,683
of which Taxes: +€29,455
- Other debts +€23,789
up €23,789 (+181.8%), from €13,082 to €36,871
- Trade debts -€8,683
down €8,683 (-18.8%), from €46,295 to €37,612
of which Suppliers: -€9,895
- Gross operating margin +€150,828
up €150,828 (+21.6%), from €698,411 to €849,240
- Staff costs +€75,671
up €75,671 (+14.0%), from €541,462 to €617,133
- Other operating charges +€23,059
up €23,059 (+316.6%), from €7,282 to €30,341
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 | €362,346 | €408,456 | +€46,110 | +12.7% |
| Fixed assets | 21/28 | €181,581 | €127,460 | -€54,121 | -29.8% |
| Tangible fixed assets | 22/27 | €181,581 | €127,460 | -€54,121 | -29.8% |
| Land and buildings | 22 | €74,878 | €57,505 | -€17,373 | -23.2% |
| Plant, machinery and equipment | 23 | €19,896 | €16,626 | -€3,271 | -16.4% |
| Furniture and vehicles | 24 | €86,807 | €53,329 | -€33,477 | -38.6% |
| Current assets | 29/58 | €180,765 | €280,996 | +€100,231 | +55.4% |
| Amounts receivable within one year | 40/41 | €44,098 | €35,490 | -€8,608 | -19.5% |
| Trade receivables | 40 | €41,827 | €33,447 | -€8,380 | -20.0% |
| Other amounts receivable | 41 | €2,271 | €2,043 | -€228 | -10.1% |
| Cash at bank and in hand | 54/58 | €131,474 | €241,501 | +€110,028 | +83.7% |
| Deferred charges and accrued income | 490/1 | €5,194 | €4,005 | -€1,189 | -22.9% |
| Total equity and liabilities | 10/49 | €362,346 | €408,456 | +€46,110 | +12.7% |
| Equity | 10/15 | -€45,945 | €2,702 | +€48,647 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,086 | €29,086 | = | 0.0% |
| Distributable reserves | 133 | €29,086 | €29,086 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,632 | -€44,985 | +€48,647 | +52.0% |
| Amounts payable | 17/49 | €408,291 | €405,754 | -€2,537 | -0.6% |
| Amounts payable after more than one year | 17 | €171,044 | €111,896 | -€59,148 | -34.6% |
| Financial debts | 170/4 | €171,044 | €111,896 | -€59,148 | -34.6% |
| Amounts payable within one year | 42/48 | €237,247 | €293,858 | +€56,611 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €72,129 | €75,693 | +€3,564 | +4.9% |
| Trade debts | 44 | €46,295 | €37,612 | -€8,683 | -18.8% |
| Suppliers | 440/4 | €44,805 | €34,910 | -€9,895 | -22.1% |
| Bills of exchange payable | 441 | €1,489 | €2,702 | +€1,212 | +81.4% |
| Taxes, remuneration and social security | 45 | €105,742 | €143,683 | +€37,941 | +35.9% |
| Taxes | 450/3 | €30,186 | €59,641 | +€29,455 | +97.6% |
| Remuneration and social security | 454/9 | €75,556 | €84,042 | +€8,486 | +11.2% |
| Other amounts payable | 47/48 | €13,082 | €36,871 | +€23,789 | +181.8% |
| Remuneration, social security and pensions | 62 | €541,462 | €617,133 | +€75,671 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,086 | €54,121 | +€7,035 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,223 | +€2,223 | |
| Other operating charges | 640/8 | €7,282 | €30,341 | +€23,059 | +316.6% |
| Gross operating margin | 9900 | €698,411 | €849,240 | +€150,828 | +21.6% |
| Operating profit (loss) | 9901 | €102,581 | €145,422 | +€42,841 | +41.8% |
| Financial income | 75/76B | €189 | €1,099 | +€910 | +482.4% |
| Recurring financial income | 75 | €189 | €1,099 | +€910 | +482.4% |
| Financial charges | 65/66B | €13,987 | €13,454 | -€533 | -3.8% |
| Recurring financial charges | 65 | €13,987 | €13,454 | -€533 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €88,784 | €133,067 | +€44,284 | +49.9% |
| Income taxes | 67/77 | €18,192 | €24,420 | +€6,228 | +34.2% |
| Profit (loss) for the period | 9904 | €70,591 | €108,647 | +€38,056 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,591 | €108,647 | +€38,056 | +53.9% |
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 11 October 2026 via checked.be.