Alterflow: 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.
Alterflow
Largest movements
- Receivables within one year +€7,926
up €7,926 (+18.3%), from €43,264 to €51,190
of which Trade receivables: +€6,483
- Cash +€4,179
up €4,179 (+15.1%), from €27,766 to €31,946
mainly Net result for the year (+€50,070) and Depreciation (+€2,198)
- Reserves +€50,070
up €50,070 (+3964.3%), from €1,263 to €51,333
- Other debts -€39,245
down €39,245 (-66.9%), from €58,661 to €19,416
- Tax, wage and social debts +€1,258
up €1,258 (+13.4%), from €9,367 to €10,624
of which Taxes: +€1,236
- Gross operating margin -€7,768
down €7,768 (-10.4%), from €74,549 to €66,781
- Taxes -€1,473
down €1,473 (-9.8%), from €15,061 to €13,588
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 | €78,043 | €90,347 | +€12,304 | +15.8% |
| Fixed assets | 21/28 | €4,917 | €4,995 | +€78 | +1.6% |
| Tangible fixed assets | 22/27 | €4,917 | €4,995 | +€78 | +1.6% |
| Plant, machinery and equipment | 23 | €3,769 | €4,012 | +€242 | +6.4% |
| Furniture and vehicles | 24 | €1,148 | €983 | -€165 | -14.3% |
| Current assets | 29/58 | €73,125 | €85,352 | +€12,227 | +16.7% |
| Amounts receivable within one year | 40/41 | €43,264 | €51,190 | +€7,926 | +18.3% |
| Trade receivables | 40 | €43,264 | €49,746 | +€6,483 | +15.0% |
| Other amounts receivable | 41 | - | €1,444 | +€1,444 | |
| Cash at bank and in hand | 54/58 | €27,766 | €31,946 | +€4,179 | +15.1% |
| Deferred charges and accrued income | 490/1 | €2,095 | €2,217 | +€122 | +5.8% |
| Total equity and liabilities | 10/49 | €78,043 | €90,347 | +€12,304 | +15.8% |
| Equity | 10/15 | €7,263 | €57,333 | +€50,070 | +689.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €1,263 | €51,333 | +€50,070 | +3964.3% |
| Distributable reserves | 133 | €1,263 | €51,333 | +€50,070 | +3964.3% |
| Amounts payable | 17/49 | €70,780 | €33,014 | -€37,766 | -53.4% |
| Amounts payable within one year | 42/48 | €70,780 | €32,986 | -€37,794 | -53.4% |
| Trade debts | 44 | €2,752 | €2,945 | +€193 | +7.0% |
| Suppliers | 440/4 | €2,752 | €2,945 | +€193 | +7.0% |
| Taxes, remuneration and social security | 45 | €9,367 | €10,624 | +€1,258 | +13.4% |
| Taxes | 450/3 | €6,745 | €7,981 | +€1,236 | +18.3% |
| Remuneration and social security | 454/9 | €2,621 | €2,643 | +€22 | +0.8% |
| Other amounts payable | 47/48 | €58,661 | €19,416 | -€39,245 | -66.9% |
| Accrued charges and deferred income | 492/3 | - | €28 | +€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,401 | €2,198 | -€202 | -8.4% |
| Other operating charges | 640/8 | €690 | €450 | -€241 | -34.9% |
| Gross operating margin | 9900 | €74,549 | €66,781 | -€7,768 | -10.4% |
| Operating profit (loss) | 9901 | €71,457 | €64,133 | -€7,325 | -10.3% |
| Financial charges | 65/66B | €670 | €474 | -€196 | -29.2% |
| Recurring financial charges | 65 | €670 | €474 | -€196 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €70,787 | €63,658 | -€7,129 | -10.1% |
| Income taxes | 67/77 | €15,061 | €13,588 | -€1,473 | -9.8% |
| Profit (loss) for the period | 9904 | €55,726 | €50,070 | -€5,656 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,726 | €50,070 | -€5,656 | -10.1% |
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.