ALTERIA: 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.
What changed
ALTERIA
NACE 88.993, Social work activities without accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€72,779
2024 · €592,478-€519,699
Equity
€2.0m
2024 · €1.9m+€70,641
Cash
€2.0m
2024 · €2.0m-€55,503
Balance sheet total
€4.0m
2024 · €3.8m+€209,585
Largest movements
Assets
- Tangible fixed assets +€462,533
up €462,533 (+46.5%), from €995,370 to €1.5m
of which Assets under construction and advance payments: +€506,796
- Receivables within one year -€124,956
down €124,956 (-18.6%), from €671,714 to €546,758
of which Other amounts receivable: -€123,665
- Stocks and contracts -€59,905
down €59,905 (-73.2%), from €81,856 to €21,951
of which Stocks: -€46,385
- Cash -€55,503
down €55,503 (-2.7%), from €2.0m to €2.0m
mainly Investment in fixed assets (net) (-€525,089) and Debts after one year (-€18,011)
Equity and liabilities
- Accrued charges and deferred income +€126,455
up €126,455 (+43.0%), from €294,278 to €420,733
- Profit (loss) carried forward +€72,779
up €72,779 (+3.9%), from €1.9m to €2.0m
Income statement
- Staff costs +€469,812
up €469,812 (+10.0%), from €4.7m to €5.2m
- Other operating income +€307,344
up €307,344 (+10.7%), from €2.9m to €3.2m
- Turnover +€88,830
up €88,830 (+2.9%), from €3.0m to €3.1m
- Goods and materials -€50,869
down €50,869 (-21.0%), from €242,447 to €191,578
of which Purchases: -€90,497
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.
Result 2024
€592,478
Turnover
+€88,830
Other operating income
+€307,344
Goods and materials
+€50,869
Services and other goods
-€22,858
Staff costs
-€469,812
Depreciation
+€1,013
Write-downs
-€10,502
Other operating charges
+€2,830
Other operating items
-€450,434
Financial income
+€4,719
Financial charges
-€20,252
Taxes
-€1,448
Result 2025
€72,779
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.
From operations
+€489,735
Investment
-€525,089
Financing
-€20,149
Cash 2024
€2.0m
From operations (derived)
+€489,735
Net result for the year
+€72,779
Depreciation
+€59,843
Stocks and contracts
+€59,905
Receivables within one year
+€124,956
Deferred charges and accrued income
+€15,296
Debts within one year
+€30,501
Accrued charges and deferred income
+€126,455
Investment (derived)
-€525,089
Investment in fixed assets (net)
-€525,089
Financing
-€20,149
Debts after one year
-€18,011
Contributions, distributions and other
-€2,138
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,823,657 | €4,033,243 | +€209,585 | +5.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €1,033,567 | €1,498,812 | +€465,245 | +45.0% |
| Intangible fixed assets | 21 | - | €2,712 | +€2,712 | |
| Tangible fixed assets | 22/27 | €995,370 | €1,457,903 | +€462,533 | +46.5% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €89,456 | €74,609 | -€14,847 | -16.6% |
| Furniture and vehicles | 24 | €72,137 | €42,720 | -€29,416 | -40.8% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | €833,777 | €1,340,573 | +€506,796 | +60.8% |
| Financial fixed assets | 28 | €38,197 | €38,197 | = | 0.0% |
| Affiliated companies | 280/1 | - | €0 | = | |
| Participating interests | 280 | - | €0 | = | |
| Amounts receivable | 281 | - | €0 | = | |
| Companies linked by participating interests | 282/3 | - | €0 | = | |
| Participating interests | 282 | - | €0 | = | |
| Amounts receivable | 283 | - | €0 | = | |
| Other financial fixed assets | 284/8 | €38,197 | €38,197 | = | 0.0% |
| Shares | 284 | - | €0 | = | |
| Amounts receivable and cash guarantees | 285/8 | €38,197 | €38,197 | = | 0.0% |
| Current assets | 29/58 | €2,790,090 | €2,534,430 | -€255,660 | -9.2% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | €81,856 | €21,951 | -€59,905 | -73.2% |
| Stocks | 30/36 | €68,108 | €21,723 | -€46,385 | -68.1% |
| Raw materials and consumables | 30/31 | €52,180 | €5,795 | -€46,385 | -88.9% |
| Work in progress | 32 | - | €0 | = | |
| Finished goods | 33 | €15,928 | €15,928 | = | 0.0% |
| Goods purchased for resale | 34 | - | €0 | = | |
| Property held for sale | 35 | - | €0 | = | |
| Advance payments | 36 | - | €0 | = | |
| Contracts in progress | 37 | €13,748 | €228 | -€13,520 | -98.3% |
| Amounts receivable within one year | 40/41 | €671,714 | €546,758 | -€124,956 | -18.6% |
| Trade receivables | 40 | €537,375 | €536,084 | -€1,291 | -0.2% |
| Other amounts receivable | 41 | €134,339 | €10,674 | -€123,665 | -92.1% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €2,018,585 | €1,963,082 | -€55,503 | -2.7% |
| Deferred charges and accrued income | 490/1 | €17,936 | €2,639 | -€15,296 | -85.3% |
| Total equity and liabilities | 10/49 | €3,823,657 | €4,033,243 | +€209,585 | +5.5% |
| Equity | 10/15 | €1,895,513 | €1,966,154 | +€70,641 | +3.7% |
| Contributions | 10/11 | - | €0 | = | |
| Capital | 10 | - | €0 | = | |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €1,888,084 | €1,960,862 | +€72,779 | +3.9% |
| Investment grants | 15 | €7,430 | €5,292 | -€2,138 | -28.8% |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €1,928,144 | €2,067,089 | +€138,945 | +7.2% |
| Amounts payable after more than one year | 17 | €482,626 | €464,615 | -€18,011 | -3.7% |
| Financial debts | 170/4 | €482,626 | €464,615 | -€18,011 | -3.7% |
| Subordinated loans | 170 | - | €0 | = | |
| Unsubordinated bonds | 171 | - | €0 | = | |
| Leasing and similar obligations | 172 | - | €0 | = | |
| Credit institutions | 173 | €482,626 | €464,615 | -€18,011 | -3.7% |
| Other loans | 174 | - | €0 | = | |
| Trade debts | 175 | - | €0 | = | |
| Suppliers | 1750 | - | €0 | = | |
| Bills of exchange payable | 1751 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €1,151,240 | €1,181,741 | +€30,501 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €17,374 | €18,011 | +€638 | +3.7% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €226,217 | €161,318 | -€64,899 | -28.7% |
| Suppliers | 440/4 | €226,217 | €161,318 | -€64,899 | -28.7% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | €58,104 | €17,672 | -€40,432 | -69.6% |
| Taxes, remuneration and social security | 45 | €824,006 | €962,285 | +€138,279 | +16.8% |
| Taxes | 450/3 | €92,210 | €112,728 | +€20,518 | +22.3% |
| Remuneration and social security | 454/9 | €731,796 | €849,557 | +€117,761 | +16.1% |
| Accrued charges and deferred income | 492/3 | €294,278 | €420,733 | +€126,455 | +43.0% |
| Operating income | 70/76A | €6,336,326 | €6,289,983 | -€46,343 | -0.7% |
| Turnover | 70 | €3,026,171 | €3,115,001 | +€88,830 | +2.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,268 | -€13,520 | -€14,787 | |
| Own construction capitalised | 72 | - | €0 | = | |
| Other operating income | 74 | €2,879,463 | €3,186,807 | +€307,344 | +10.7% |
| Non-recurring operating income | 76A | €429,424 | €1,694 | -€427,730 | -99.6% |
| Operating charges | 60/66A | €5,750,930 | €6,207,306 | +€456,376 | +7.9% |
| Goods for resale, raw materials and consumables | 60 | €242,447 | €191,578 | -€50,869 | -21.0% |
| Purchases | 600/8 | €259,140 | €168,643 | -€90,497 | -34.9% |
| Change in stocks: decrease (increase) | 609 | -€16,693 | €22,934 | +€39,628 | |
| Services and other goods | 61 | €721,933 | €744,791 | +€22,858 | +3.2% |
| Remuneration, social security and pensions | 62 | €4,703,203 | €5,173,015 | +€469,812 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,856 | €59,843 | -€1,013 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,609 | €14,112 | +€10,502 | +291.0% |
| Other operating charges | 640/8 | €26,723 | €23,893 | -€2,830 | -10.6% |
| Non-recurring operating charges | 66A | €2,158 | €75 | -€2,083 | -96.5% |
| Operating profit (loss) | 9901 | €585,396 | €82,676 | -€502,719 | -85.9% |
| Financial income | 75/76B | €12,884 | €17,603 | +€4,719 | +36.6% |
| Recurring financial income | 75 | €12,884 | €17,603 | +€4,719 | +36.6% |
| Income from financial fixed assets | 750 | - | €0 | = | |
| Income from current assets | 751 | €10,746 | €15,465 | +€4,719 | +43.9% |
| Other financial income | 752/9 | €2,138 | €2,138 | = | 0.0% |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,610 | €22,861 | +€20,252 | +776.0% |
| Recurring financial charges | 65 | €2,610 | €22,861 | +€20,252 | +776.0% |
| Debt charges | 650 | - | €21,912 | +€21,912 | |
| Other financial charges | 652/9 | €2,610 | €949 | -€1,661 | -63.6% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €595,670 | €77,418 | -€518,252 | -87.0% |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €3,192 | €4,640 | +€1,448 | +45.4% |
| Taxes | 670/3 | €3,192 | €4,640 | +€1,448 | +45.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €592,478 | €72,779 | -€519,699 | -87.7% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €592,478 | €72,779 | -€519,699 | -87.7% |
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 7 October 2026 via checked.be.