Altereyes: 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.
Altereyes
Largest movements
- Stocks and contracts +€56,126
up €56,126 (+122%), from €46,146 to €102,271
of which Contracts in progress: +€80,503
- Intangible fixed assets +€54,530
up €54,530 (+7.9%), from €693,644 to €748,175
- Cash +€23,221
up €23,221 (+642%), from €3,615 to €26,836
- Contributions +€200,000
up €200,000 (+40.0%), from €500,002 to €700,002
of which Capital: +€100,000
- Investment grants -€98,697
down €98,697 (-39.4%), from €250,357 to €151,659
- Other debts +€37,861
new in 2025: €37,861
- Trade debts +€33,232
up €33,232 (+106%), from €31,352 to €64,584
- Short-term financial debts -€21,146
down €21,146 (-7.3%), from €287,811 to €266,665
- Gross operating margin -€206,570
down €206,570 (-28.0%), from €738,130 to €531,560
- Staff costs -€176,327
down €176,327 (-30.8%), from €571,984 to €395,657
- Financial income +€63,161
up €63,161 (+54.7%), from €115,456 to €178,617
- Write-downs +€24,378
new in 2025: €24,378
- Depreciation +€14,596
up €14,596 (+5.9%), from €248,057 to €262,653
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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €836,009 | €981,226 | +€145,217 | +17.4% |
| Formation expenses | 20 | €1,291 | €518 | -€773 | -59.9% |
| Fixed assets | 21/28 | €708,527 | €768,426 | +€59,899 | +8.5% |
| Intangible fixed assets | 21 | €693,644 | €748,175 | +€54,530 | +7.9% |
| Tangible fixed assets | 22/27 | €10,397 | €16,726 | +€6,329 | +60.9% |
| Plant, machinery and equipment | 23 | €4,211 | €2,905 | -€1,306 | -31.0% |
| Furniture and vehicles | 24 | €6,187 | €13,821 | +€7,634 | +123% |
| Financial fixed assets | 28 | €4,485 | €3,525 | -€960 | -21.4% |
| Current assets | 29/58 | €126,191 | €212,282 | +€86,091 | +68.2% |
| Stocks and contracts in progress | 3 | €46,146 | €102,271 | +€56,126 | +122% |
| Stocks | 30/36 | €37,504 | €13,126 | -€24,378 | -65.0% |
| Contracts in progress | 37 | €8,641 | €89,145 | +€80,503 | +932% |
| Amounts receivable within one year | 40/41 | €67,767 | €76,537 | +€8,770 | +12.9% |
| Trade receivables | 40 | €35,896 | €58,007 | +€22,112 | +61.6% |
| Other amounts receivable | 41 | €31,872 | €18,530 | -€13,342 | -41.9% |
| Cash at bank and in hand | 54/58 | €3,615 | €26,836 | +€23,221 | +642% |
| Deferred charges and accrued income | 490/1 | €8,663 | €6,637 | -€2,026 | -23.4% |
| Total equity and liabilities | 10/49 | €836,009 | €981,226 | +€145,217 | +17.4% |
| Equity | 10/15 | €456,688 | €562,468 | +€105,780 | +23.2% |
| Contributions | 10/11 | €500,002 | €700,002 | +€200,000 | +40.0% |
| Capital | 10 | €500,002 | €600,002 | +€100,000 | +20.0% |
| Issued capital | 100 | €500,002 | €600,002 | +€100,000 | +20.0% |
| Contributions outside capital | 11 | - | €100,000 | +€100,000 | |
| Share premium | 1100/10 | - | €100,000 | +€100,000 | |
| Profit (loss) carried forward | 14 | -€293,671 | -€289,193 | +€4,478 | +1.5% |
| Investment grants | 15 | €250,357 | €151,659 | -€98,697 | -39.4% |
| Amounts payable | 17/49 | €379,321 | €418,757 | +€39,436 | +10.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €377,735 | €418,391 | +€40,657 | +10.8% |
| Financial debts | 43 | €287,811 | €266,665 | -€21,146 | -7.3% |
| Credit institutions | 430/8 | €287,811 | €266,665 | -€21,146 | -7.3% |
| Trade debts | 44 | €31,352 | €64,584 | +€33,232 | +106% |
| Suppliers | 440/4 | €31,352 | €64,584 | +€33,232 | +106% |
| Taxes, remuneration and social security | 45 | €58,571 | €49,281 | -€9,290 | -15.9% |
| Taxes | 450/3 | €2,028 | €0 | -€2,028 | -100% |
| Remuneration and social security | 454/9 | €56,543 | €49,281 | -€7,262 | -12.8% |
| Other amounts payable | 47/48 | - | €37,861 | +€37,861 | |
| Accrued charges and deferred income | 492/3 | €1,586 | €366 | -€1,221 | -76.9% |
| Non-recurring operating income | 76A | €240,000 | €6,462 | -€233,538 | -97.3% |
| Remuneration, social security and pensions | 62 | €571,984 | €395,657 | -€176,327 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,057 | €262,653 | +€14,596 | +5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,378 | +€24,378 | |
| Other operating charges | 640/8 | €6,059 | €3,412 | -€2,647 | -43.7% |
| Gross operating margin | 9900 | €738,130 | €531,560 | -€206,570 | -28.0% |
| Operating profit (loss) | 9901 | -€87,969 | -€154,539 | -€66,570 | -75.7% |
| Financial income | 75/76B | €115,456 | €178,617 | +€63,161 | +54.7% |
| Recurring financial income | 75 | €115,456 | €178,617 | +€63,161 | +54.7% |
| Financial charges | 65/66B | €24,285 | €19,601 | -€4,684 | -19.3% |
| Recurring financial charges | 65 | €24,285 | €19,601 | -€4,684 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €3,202 | €4,478 | +€1,275 | +39.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €3,202 | €4,478 | +€1,275 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,202 | €4,478 | +€1,275 | +39.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.