ALTEREVA: 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.
ALTEREVA
Largest movements
- Current investments +€37,176
up €37,176 (+57.1%), from €65,075 to €102,252
- Receivables within one year +€12,671
up €12,671 (+116.0%), from €10,924 to €23,595
- Tangible fixed assets -€8,856
down €8,856 (-23.0%), from €38,467 to €29,611
- Intangible fixed assets -€7,000
down €7,000 (-33.3%), from €21,000 to €14,000
- Cash +€6,352
up €6,352 (+95.8%), from €6,628 to €12,980
mainly Net result for the year (+€35,932) and Depreciation (+€15,856)
- Reserves +€35,932
up €35,932 (+28.5%), from €126,115 to €162,047
- Tax, wage and social debts +€4,644
up €4,644 (+125.2%), from €3,711 to €8,355
- Gross operating margin +€6,704
up €6,704 (+11.3%), from €59,134 to €65,838
- Depreciation +€4,106
up €4,106 (+34.9%), from €11,750 to €15,856
- Taxes +€921
up €921 (+7.3%), from €12,578 to €13,499
- Financial income +€898
up €898 (+366.2%), from €245 to €1,143
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 | €218,981 | €259,385 | +€40,404 | +18.5% |
| Fixed assets | 21/28 | €59,492 | €44,136 | -€15,356 | -25.8% |
| Intangible fixed assets | 21 | €21,000 | €14,000 | -€7,000 | -33.3% |
| Tangible fixed assets | 22/27 | €38,467 | €29,611 | -€8,856 | -23.0% |
| Furniture and vehicles | 24 | €38,467 | €29,611 | -€8,856 | -23.0% |
| Financial fixed assets | 28 | €25 | €525 | +€500 | +2000.0% |
| Current assets | 29/58 | €159,488 | €215,249 | +€55,760 | +35.0% |
| Amounts receivable after more than one year | 29 | €75,000 | €74,500 | -€500 | -0.7% |
| Other amounts receivable | 291 | €75,000 | €74,500 | -€500 | -0.7% |
| Amounts receivable within one year | 40/41 | €10,924 | €23,595 | +€12,671 | +116.0% |
| Trade receivables | 40 | €10,924 | €23,595 | +€12,671 | +116.0% |
| Current investments | 50/53 | €65,075 | €102,252 | +€37,176 | +57.1% |
| Cash at bank and in hand | 54/58 | €6,628 | €12,980 | +€6,352 | +95.8% |
| Deferred charges and accrued income | 490/1 | €1,861 | €1,922 | +€61 | +3.3% |
| Total equity and liabilities | 10/49 | €218,981 | €259,385 | +€40,404 | +18.5% |
| Equity | 10/15 | €211,315 | €247,247 | +€35,932 | +17.0% |
| Contributions | 10/11 | €85,200 | €85,200 | = | 0.0% |
| Reserves | 13 | €126,115 | €162,047 | +€35,932 | +28.5% |
| Distributable reserves | 133 | €126,115 | €162,047 | +€35,932 | +28.5% |
| Amounts payable | 17/49 | €7,666 | €12,138 | +€4,473 | +58.3% |
| Amounts payable within one year | 42/48 | €7,600 | €12,055 | +€4,455 | +58.6% |
| Trade debts | 44 | €1,205 | €197 | -€1,008 | -83.6% |
| Suppliers | 440/4 | €1,205 | €197 | -€1,008 | -83.6% |
| Taxes, remuneration and social security | 45 | €3,711 | €8,355 | +€4,644 | +125.2% |
| Taxes | 450/3 | €3,711 | €8,355 | +€4,644 | +125.2% |
| Other amounts payable | 47/48 | €2,684 | €3,504 | +€820 | +30.5% |
| Accrued charges and deferred income | 492/3 | €66 | €83 | +€17 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,750 | €15,856 | +€4,106 | +34.9% |
| Other operating charges | 640/8 | €1,481 | €1,422 | -€59 | -4.0% |
| Gross operating margin | 9900 | €59,134 | €65,838 | +€6,704 | +11.3% |
| Operating profit (loss) | 9901 | €45,903 | €48,560 | +€2,656 | +5.8% |
| Financial income | 75/76B | €245 | €1,143 | +€898 | +366.2% |
| Recurring financial income | 75 | €245 | €1,143 | +€898 | +366.2% |
| Financial charges | 65/66B | €213 | €272 | +€59 | +27.5% |
| Recurring financial charges | 65 | €213 | €272 | +€59 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €45,935 | €49,431 | +€3,495 | +7.6% |
| Income taxes | 67/77 | €12,578 | €13,499 | +€921 | +7.3% |
| Profit (loss) for the period | 9904 | €33,358 | €35,932 | +€2,574 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,358 | €35,932 | +€2,574 | +7.7% |
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 4 October 2026 via checked.be.