ALTERFIRE: 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.
ALTERFIRE
Largest movements
- Receivables within one year -€24,857
down €24,857 (-58.0%), from €42,835 to €17,979
of which Other amounts receivable: -€24,382
- Cash +€24,438
up €24,438 (+420.8%), from €5,808 to €30,245
mainly Net result for the year (+€34,865) and Receivables within one year (+€24,857)
- Tangible fixed assets +€16,105
up €16,105 (+105.7%), from €15,233 to €31,338
of which Furniture and vehicles: +€21,021
- Tax, wage and social debts +€7,409
up €7,409 (+1543.5%), from €480 to €7,889
- Reserves +€7,316
up €7,316 (+15.0%), from €48,819 to €56,136
- Debts after one year +€3,563
up €3,563 (+176.6%), from €2,018 to €5,581
- Trade debts -€1,490
no longer reported in 2025 (was €1,490)
- Current portion of long-term debt -€1,157
down €1,157 (-15.5%), from €7,448 to €6,290
- Gross operating margin +€41,451
up €41,451 (+241.9%), from €17,139 to €58,591
- Taxes +€7,365
up €7,365 (+229.8%), from €3,204 to €10,569
- Depreciation +€6,503
up €6,503 (+136.0%), from €4,781 to €11,285
- Financial income -€2,928
no longer reported in 2025 (was €2,928)
- Other operating charges -€2,905
down €2,905 (-78.2%), from €3,713 to €808
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 | €63,875 | €79,562 | +€15,686 | +24.6% |
| Fixed assets | 21/28 | €15,233 | €31,338 | +€16,105 | +105.7% |
| Tangible fixed assets | 22/27 | €15,233 | €31,338 | +€16,105 | +105.7% |
| Land and buildings | 22 | €6,492 | €5,471 | -€1,021 | -15.7% |
| Plant, machinery and equipment | 23 | €8,741 | €4,846 | -€3,895 | -44.6% |
| Furniture and vehicles | 24 | - | €21,021 | +€21,021 | |
| Current assets | 29/58 | €48,643 | €48,224 | -€419 | -0.9% |
| Amounts receivable within one year | 40/41 | €42,835 | €17,979 | -€24,857 | -58.0% |
| Trade receivables | 40 | €12,650 | €12,176 | -€474 | -3.7% |
| Other amounts receivable | 41 | €30,185 | €5,803 | -€24,382 | -80.8% |
| Cash at bank and in hand | 54/58 | €5,808 | €30,245 | +€24,438 | +420.8% |
| Total equity and liabilities | 10/49 | €63,875 | €79,562 | +€15,686 | +24.6% |
| Equity | 10/15 | €51,319 | €58,636 | +€7,316 | +14.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,819 | €56,136 | +€7,316 | +15.0% |
| Distributable reserves | 133 | €48,819 | €56,136 | +€7,316 | +15.0% |
| Amounts payable | 17/49 | €12,556 | €20,926 | +€8,370 | +66.7% |
| Amounts payable after more than one year | 17 | €2,018 | €5,581 | +€3,563 | +176.6% |
| Financial debts | 170/4 | €2,018 | €5,581 | +€3,563 | +176.6% |
| Amounts payable within one year | 42/48 | €10,538 | €15,345 | +€4,807 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €7,448 | €6,290 | -€1,157 | -15.5% |
| Trade debts | 44 | €1,490 | - | -€1,490 | |
| Suppliers | 440/4 | €1,490 | - | -€1,490 | |
| Taxes, remuneration and social security | 45 | €480 | €7,889 | +€7,409 | +1543.5% |
| Taxes | 450/3 | €480 | €7,889 | +€7,409 | +1543.5% |
| Other amounts payable | 47/48 | €1,120 | €1,166 | +€46 | +4.1% |
| Non-recurring operating income | 76A | €764 | - | -€764 | |
| Remuneration, social security and pensions | 62 | €350 | €286 | -€64 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,781 | €11,285 | +€6,503 | +136.0% |
| Other operating charges | 640/8 | €3,713 | €808 | -€2,905 | -78.2% |
| Gross operating margin | 9900 | €17,139 | €58,591 | +€41,451 | +241.9% |
| Operating profit (loss) | 9901 | €8,295 | €46,212 | +€37,917 | +457.1% |
| Financial income | 75/76B | €2,928 | - | -€2,928 | |
| Recurring financial income | 75 | €2,928 | - | -€2,928 | |
| Financial charges | 65/66B | €2,543 | €778 | -€1,765 | -69.4% |
| Recurring financial charges | 65 | €2,543 | €778 | -€1,765 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €8,679 | €45,434 | +€36,755 | +423.5% |
| Income taxes | 67/77 | €3,204 | €10,569 | +€7,365 | +229.8% |
| Profit (loss) for the period | 9904 | €5,475 | €34,865 | +€29,390 | +536.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,475 | €34,865 | +€29,390 | +536.8% |
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 11 October 2026 via checked.be.