ALTERA PROJECTS: 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 PROJECTS
Largest movements
- Cash +€57,602
up €57,602 (+95.9%), from €60,061 to €117,663
mainly Other debts (+€39,180) and Net result for the year (+€12,571)
- Other debts +€39,180
new in 2025: €39,180
- Reserves +€12,571
up €12,571 (+41.1%), from €30,583 to €43,154
- Tax, wage and social debts +€4,193
up €4,193 (+146.0%), from €2,872 to €7,065
- Gross operating margin -€8,745
down €8,745 (-31.2%), from €28,061 to €19,317
- Taxes -€3,116
down €3,116 (-35.6%), from €8,745 to €5,629
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 | €61,279 | €117,809 | +€56,530 | +92.3% |
| Fixed assets | 21/28 | €514 | - | -€514 | |
| Tangible fixed assets | 22/27 | €514 | - | -€514 | |
| Plant, machinery and equipment | 23 | €514 | - | -€514 | |
| Current assets | 29/58 | €60,766 | €117,809 | +€57,044 | +93.9% |
| Amounts receivable within one year | 40/41 | €705 | - | -€705 | |
| Trade receivables | 40 | €120 | - | -€120 | |
| Other amounts receivable | 41 | €585 | - | -€585 | |
| Cash at bank and in hand | 54/58 | €60,061 | €117,663 | +€57,602 | +95.9% |
| Deferred charges and accrued income | 490/1 | - | €146 | +€146 | |
| Total equity and liabilities | 10/49 | €61,279 | €117,809 | +€56,530 | +92.3% |
| Equity | 10/15 | €58,407 | €70,978 | +€12,571 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,583 | €43,154 | +€12,571 | +41.1% |
| Distributable reserves | 133 | €30,583 | €43,154 | +€12,571 | +41.1% |
| Profit (loss) carried forward | 14 | €9,224 | €9,224 | = | 0.0% |
| Amounts payable | 17/49 | €2,872 | €46,831 | +€43,959 | +1530.6% |
| Amounts payable within one year | 42/48 | €2,872 | €46,831 | +€43,959 | +1530.6% |
| Trade debts | 44 | - | €586 | +€586 | |
| Suppliers | 440/4 | - | €586 | +€586 | |
| Taxes, remuneration and social security | 45 | €2,872 | €7,065 | +€4,193 | +146.0% |
| Taxes | 450/3 | €2,872 | €7,065 | +€4,193 | +146.0% |
| Other amounts payable | 47/48 | - | €39,180 | +€39,180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €759 | €514 | -€245 | -32.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €28,061 | €19,317 | -€8,745 | -31.2% |
| Operating profit (loss) | 9901 | €26,916 | €18,404 | -€8,512 | -31.6% |
| Financial charges | 65/66B | €252 | €203 | -€48 | -19.2% |
| Recurring financial charges | 65 | €252 | €203 | -€48 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €26,664 | €18,200 | -€8,464 | -31.7% |
| Income taxes | 67/77 | €8,745 | €5,629 | -€3,116 | -35.6% |
| Profit (loss) for the period | 9904 | €17,919 | €12,571 | -€5,348 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,919 | €12,571 | -€5,348 | -29.8% |
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 6 October 2026 via checked.be.