ALTERBOIS: 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.
ALTERBOIS
Largest movements
- Tangible fixed assets -€21,555
down €21,555 (-37.0%), from €58,280 to €36,725
of which Furniture and vehicles: -€14,322
- Receivables within one year +€11,045
up €11,045 (+10.3%), from €106,944 to €117,989
of which Trade receivables: +€8,170
- Stocks and contracts +€9,163
up €9,163 (+52.2%), from €17,558 to €26,721
- Cash +€6,309
up €6,309 (+3.1%), from €202,977 to €209,286
mainly Net result for the year (+€42,190) and Trade debts (+€41,925)
- Deferred charges and accrued income +€4,210
up €4,210 (+98.4%), from €4,277 to €8,487
- Advances received -€56,032
down €56,032 (-86.1%), from €65,077 to €9,044
- Reserves +€42,190
up €42,190 (+18.1%), from €232,628 to €274,818
- Trade debts +€41,925
up €41,925 (+747.4%), from €5,609 to €47,535
- Accrued charges and deferred income -€16,955
down €16,955 (-85.0%), from €19,950 to €2,995
- Other debts -€15,427
down €15,427 (-78.2%), from €19,739 to €4,312
- Staff costs +€67,781
up €67,781 (+48.2%), from €140,764 to €208,545
- Depreciation -€13,361
down €13,361 (-32.1%), from €41,609 to €28,248
- Taxes -€13,358
down €13,358 (-38.5%), from €34,696 to €21,338
- Gross operating margin -€6,162
down €6,162 (-2.0%), from €305,546 to €299,384
- Financial charges -€3,518
down €3,518 (-67.5%), from €5,212 to €1,694
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 | €390,190 | €399,362 | +€9,172 | +2.4% |
| Fixed assets | 21/28 | €58,434 | €36,879 | -€21,555 | -36.9% |
| Tangible fixed assets | 22/27 | €58,280 | €36,725 | -€21,555 | -37.0% |
| Plant, machinery and equipment | 23 | €18,265 | €15,065 | -€3,200 | -17.5% |
| Furniture and vehicles | 24 | €33,971 | €19,649 | -€14,322 | -42.2% |
| Other tangible fixed assets | 26 | €6,044 | €2,011 | -€4,033 | -66.7% |
| Financial fixed assets | 28 | €154 | €154 | = | 0.0% |
| Current assets | 29/58 | €331,756 | €362,483 | +€30,727 | +9.3% |
| Stocks and contracts in progress | 3 | €17,558 | €26,721 | +€9,163 | +52.2% |
| Stocks | 30/36 | €17,558 | €26,721 | +€9,163 | +52.2% |
| Amounts receivable within one year | 40/41 | €106,944 | €117,989 | +€11,045 | +10.3% |
| Trade receivables | 40 | €70,175 | €78,345 | +€8,170 | +11.6% |
| Other amounts receivable | 41 | €36,770 | €39,645 | +€2,875 | +7.8% |
| Cash at bank and in hand | 54/58 | €202,977 | €209,286 | +€6,309 | +3.1% |
| Deferred charges and accrued income | 490/1 | €4,277 | €8,487 | +€4,210 | +98.4% |
| Total equity and liabilities | 10/49 | €390,190 | €399,362 | +€9,172 | +2.4% |
| Equity | 10/15 | €235,128 | €277,318 | +€42,190 | +17.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €232,628 | €274,818 | +€42,190 | +18.1% |
| Distributable reserves | 133 | €232,628 | €274,818 | +€42,190 | +18.1% |
| Amounts payable | 17/49 | €155,062 | €122,044 | -€33,018 | -21.3% |
| Amounts payable within one year | 42/48 | €135,112 | €119,049 | -€16,063 | -11.9% |
| Trade debts | 44 | €5,609 | €47,535 | +€41,925 | +747.4% |
| Suppliers | 440/4 | €5,609 | €47,535 | +€41,925 | +747.4% |
| Advances received on contracts in progress | 46 | €65,077 | €9,044 | -€56,032 | -86.1% |
| Taxes, remuneration and social security | 45 | €44,688 | €58,158 | +€13,471 | +30.1% |
| Taxes | 450/3 | €13,344 | €11,028 | -€2,316 | -17.4% |
| Remuneration and social security | 454/9 | €31,344 | €47,130 | +€15,787 | +50.4% |
| Other amounts payable | 47/48 | €19,739 | €4,312 | -€15,427 | -78.2% |
| Accrued charges and deferred income | 492/3 | €19,950 | €2,995 | -€16,955 | -85.0% |
| Remuneration, social security and pensions | 62 | €140,764 | €208,545 | +€67,781 | +48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,609 | €28,248 | -€13,361 | -32.1% |
| Other operating charges | 640/8 | €1,460 | €1,418 | -€42 | -2.9% |
| Gross operating margin | 9900 | €305,546 | €299,384 | -€6,162 | -2.0% |
| Operating profit (loss) | 9901 | €121,713 | €61,174 | -€60,540 | -49.7% |
| Financial income | 75/76B | €3,587 | €4,048 | +€460 | +12.8% |
| Recurring financial income | 75 | €3,587 | €4,048 | +€460 | +12.8% |
| Financial charges | 65/66B | €5,212 | €1,694 | -€3,518 | -67.5% |
| Recurring financial charges | 65 | €5,212 | €1,694 | -€3,518 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €120,089 | €63,528 | -€56,562 | -47.1% |
| Income taxes | 67/77 | €34,696 | €21,338 | -€13,358 | -38.5% |
| Profit (loss) for the period | 9904 | €85,393 | €42,190 | -€43,204 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,393 | €42,190 | -€43,204 | -50.6% |
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 10 October 2026 via checked.be.