ALTEREZ-VOUS: 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.
ALTEREZ-VOUS
Largest movements
- Tangible fixed assets -€22,156
down €22,156 (-58.1%), from €38,155 to €15,999
of which Land and buildings: -€38,155
- Receivables within one year -€6,448
down €6,448 (-18.3%), from €35,302 to €28,854
of which Trade receivables: -€16,720
- Deferred charges and accrued income -€6,436
down €6,436 (-77.2%), from €8,341 to €1,905
- Cash +€6,157
up €6,157 (+7.4%), from €83,270 to €89,427
mainly Depreciation (+€26,053) and Tax, wage and social debts (+€23,175)
- Tax, wage and social debts +€23,175
up €23,175 (+125%), from €18,536 to €41,711
of which Remuneration and social security: +€15,958
- Profit (loss) carried forward -€21,705
down €21,705 (-25.3%), from -€85,740 to -€107,445
- Provisions -€13,350
no longer reported in 2025 (was €13,350)
- Debts after one year -€13,069
down €13,069 (-44.4%), from €29,426 to €16,357
- Trade debts -€6,767
down €6,767 (-27.7%), from €24,459 to €17,692
- Turnover -€654,651
no longer reported in 2025 (was €654,651)
- Purchases and services -€310,295
no longer reported in 2025 (was €310,295)
- Staff costs +€27,552
up €27,552 (+9.9%), from €277,843 to €305,395
- Gross operating margin -€25,085
down €25,085 (-7.2%), from €346,173 to €321,088
- Other operating charges -€9,031
down €9,031 (-75.1%), from €12,020 to €2,989
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
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 | €252,558 | €220,512 | -€32,046 | -12.7% |
| Fixed assets | 21/28 | €113,069 | €89,381 | -€23,688 | -21.0% |
| Intangible fixed assets | 21 | €66,532 | €65,000 | -€1,532 | -2.3% |
| Tangible fixed assets | 22/27 | €38,155 | €15,999 | -€22,156 | -58.1% |
| Land and buildings | 22 | €38,155 | - | -€38,155 | |
| Plant, machinery and equipment | 23 | - | €5,173 | +€5,173 | |
| Furniture and vehicles | 24 | - | €7,899 | +€7,899 | |
| Other tangible fixed assets | 26 | - | €2,927 | +€2,927 | |
| Financial fixed assets | 28 | €8,382 | €8,382 | -€0 | 0.0% |
| Current assets | 29/58 | €139,489 | €131,131 | -€8,358 | -6.0% |
| Stocks and contracts in progress | 3 | €12,351 | €10,720 | -€1,631 | -13.2% |
| Stocks | 30/36 | €12,351 | €10,720 | -€1,631 | -13.2% |
| Amounts receivable within one year | 40/41 | €35,302 | €28,854 | -€6,448 | -18.3% |
| Trade receivables | 40 | €32,989 | €16,269 | -€16,720 | -50.7% |
| Other amounts receivable | 41 | €2,313 | €12,584 | +€10,271 | +444% |
| Current investments | 50/53 | €225 | €225 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €83,270 | €89,427 | +€6,157 | +7.4% |
| Deferred charges and accrued income | 490/1 | €8,341 | €1,905 | -€6,436 | -77.2% |
| Total equity and liabilities | 10/49 | €252,558 | €220,512 | -€32,046 | -12.7% |
| Equity | 10/15 | €149,977 | €128,272 | -€21,705 | -14.5% |
| Contributions | 10/11 | €235,717 | €235,717 | +€0 | 0.0% |
| Capital | 10 | €235,717 | €235,717 | +€0 | 0.0% |
| Issued capital | 100 | €235,717 | €235,717 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€85,740 | -€107,445 | -€21,705 | -25.3% |
| Provisions and deferred taxes | 16 | €13,350 | - | -€13,350 | |
| Provisions for liabilities and charges | 160/5 | €13,350 | - | -€13,350 | |
| Other liabilities and charges | 164/5 | €13,350 | - | -€13,350 | |
| Amounts payable | 17/49 | €89,231 | €92,241 | +€3,010 | +3.4% |
| Amounts payable after more than one year | 17 | €29,426 | €16,357 | -€13,069 | -44.4% |
| Financial debts | 170/4 | €29,426 | €16,357 | -€13,069 | -44.4% |
| Amounts payable within one year | 42/48 | €59,805 | €72,899 | +€13,094 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €15,879 | €13,069 | -€2,810 | -17.7% |
| Trade debts | 44 | €24,459 | €17,692 | -€6,767 | -27.7% |
| Suppliers | 440/4 | €24,459 | €17,692 | -€6,767 | -27.7% |
| Taxes, remuneration and social security | 45 | €18,536 | €41,711 | +€23,175 | +125% |
| Taxes | 450/3 | €933 | €8,150 | +€7,217 | +773% |
| Remuneration and social security | 454/9 | €17,603 | €33,561 | +€15,958 | +90.7% |
| Other amounts payable | 47/48 | €931 | €426 | -€505 | -54.3% |
| Accrued charges and deferred income | 492/3 | - | €2,985 | +€2,985 | |
| Turnover | 70 | €654,651 | - | -€654,651 | |
| Non-recurring operating income | 76A | €1,817 | €13,962 | +€12,145 | +668% |
| Goods, raw materials, services and sundry goods | 60/61 | €310,295 | - | -€310,295 | |
| Remuneration, social security and pensions | 62 | €277,843 | €305,395 | +€27,552 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,993 | €26,053 | -€2,940 | -10.1% |
| Other operating charges | 640/8 | €12,020 | €2,989 | -€9,031 | -75.1% |
| Non-recurring operating charges | 66A | €13,350 | €5,069 | -€8,281 | -62.0% |
| Gross operating margin | 9900 | €346,173 | €321,088 | -€25,085 | -7.2% |
| Operating profit (loss) | 9901 | €13,967 | -€18,419 | -€32,386 | |
| Financial income | 75/76B | €2,320 | €447 | -€1,873 | -80.8% |
| Recurring financial income | 75 | €2,320 | €447 | -€1,873 | -80.8% |
| Financial charges | 65/66B | €4,659 | €3,248 | -€1,411 | -30.3% |
| Recurring financial charges | 65 | €4,659 | €3,248 | -€1,411 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €11,628 | -€21,220 | -€32,848 | |
| Income taxes | 67/77 | €23 | €485 | +€462 | +2,009% |
| Profit (loss) for the period | 9904 | €11,605 | -€21,705 | -€33,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,605 | -€21,705 | -€33,310 |
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 30 October 2026 via checked.be.