ALTERIMMO: 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.
ALTERIMMO
Largest movements
- Receivables within one year -€81,954
down €81,954 (-43.2%), from €189,575 to €107,621
of which Other amounts receivable: -€58,384
- Tangible fixed assets -€23,673
down €23,673 (-20.2%), from €117,132 to €93,459
of which Other tangible fixed assets: -€12,524
- Cash +€22,287
up €22,287 (+47.6%), from €46,845 to €69,132
mainly Receivables within one year (+€81,954) and Depreciation (+€27,732)
- Reserves -€86,889
down €86,889 (-68.9%), from €126,092 to €39,204
of which Distributable reserves: -€86,889
- Advances received +€23,844
up €23,844 (+22.1%), from €107,701 to €131,545
- Tax, wage and social debts -€19,305
down €19,305 (-39.6%), from €48,805 to €29,501
of which Taxes: -€25,051
- Debts after one year -€9,905
down €9,905 (-29.6%), from €33,456 to €23,550
- Trade debts +€7,566
up €7,566 (+35.9%), from €21,080 to €28,646
- Gross operating margin -€64,675
down €64,675, from €64,192 to -€483
- Staff costs -€5,659
down €5,659 (-9.6%), from €59,062 to €53,402
- Other operating charges -€4,774
down €4,774 (-50.3%), from €9,483 to €4,709
- Depreciation +€2,647
up €2,647 (+10.6%), from €25,085 to €27,732
- Financial income -€2,143
down €2,143 (-33.5%), from €6,406 to €4,263
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 | €358,947 | €274,751 | -€84,196 | -23.5% |
| Fixed assets | 21/28 | €117,132 | €93,459 | -€23,673 | -20.2% |
| Tangible fixed assets | 22/27 | €117,132 | €93,459 | -€23,673 | -20.2% |
| Land and buildings | 22 | €729 | €608 | -€120 | -16.5% |
| Plant, machinery and equipment | 23 | €3,192 | €2,393 | -€799 | -25.0% |
| Furniture and vehicles | 24 | €56,923 | €46,693 | -€10,230 | -18.0% |
| Other tangible fixed assets | 26 | €56,288 | €43,765 | -€12,524 | -22.2% |
| Current assets | 29/58 | €241,815 | €181,292 | -€60,523 | -25.0% |
| Amounts receivable within one year | 40/41 | €189,575 | €107,621 | -€81,954 | -43.2% |
| Trade receivables | 40 | €82,310 | €58,740 | -€23,570 | -28.6% |
| Other amounts receivable | 41 | €107,264 | €48,880 | -€58,384 | -54.4% |
| Cash at bank and in hand | 54/58 | €46,845 | €69,132 | +€22,287 | +47.6% |
| Deferred charges and accrued income | 490/1 | €5,396 | €4,540 | -€856 | -15.9% |
| Total equity and liabilities | 10/49 | €358,947 | €274,751 | -€84,196 | -23.5% |
| Equity | 10/15 | €138,492 | €51,604 | -€86,889 | -62.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €126,092 | €39,204 | -€86,889 | -68.9% |
| Tax-exempt reserves | 132 | €136 | €136 | = | 0.0% |
| Distributable reserves | 133 | €125,957 | €39,068 | -€86,889 | -69.0% |
| Amounts payable | 17/49 | €220,454 | €223,147 | +€2,692 | +1.2% |
| Amounts payable after more than one year | 17 | €33,456 | €23,550 | -€9,905 | -29.6% |
| Financial debts | 170/4 | €33,456 | €23,550 | -€9,905 | -29.6% |
| Amounts payable within one year | 42/48 | €186,999 | €199,596 | +€12,598 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €9,412 | €9,905 | +€493 | +5.2% |
| Trade debts | 44 | €21,080 | €28,646 | +€7,566 | +35.9% |
| Suppliers | 440/4 | €21,080 | €28,646 | +€7,566 | +35.9% |
| Advances received on contracts in progress | 46 | €107,701 | €131,545 | +€23,844 | +22.1% |
| Taxes, remuneration and social security | 45 | €48,805 | €29,501 | -€19,305 | -39.6% |
| Taxes | 450/3 | €28,772 | €3,722 | -€25,051 | -87.1% |
| Remuneration and social security | 454/9 | €20,033 | €25,779 | +€5,746 | +28.7% |
| Non-recurring operating income | 76A | €6,229 | €0 | -€6,229 | -100.0% |
| Remuneration, social security and pensions | 62 | €59,062 | €53,402 | -€5,659 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,085 | €27,732 | +€2,647 | +10.6% |
| Other operating charges | 640/8 | €9,483 | €4,709 | -€4,774 | -50.3% |
| Gross operating margin | 9900 | €64,192 | -€483 | -€64,675 | |
| Operating profit (loss) | 9901 | -€29,437 | -€86,327 | -€56,889 | -193.3% |
| Financial income | 75/76B | €6,406 | €4,263 | -€2,143 | -33.5% |
| Recurring financial income | 75 | €6,406 | €4,263 | -€2,143 | -33.5% |
| Financial charges | 65/66B | €3,282 | €4,116 | +€834 | +25.4% |
| Recurring financial charges | 65 | €3,282 | €4,116 | +€834 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,313 | -€86,180 | -€59,867 | -227.5% |
| Income taxes | 67/77 | €2,047 | €709 | -€1,338 | -65.4% |
| Profit (loss) for the period | 9904 | -€28,360 | -€86,889 | -€58,529 | -206.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,360 | -€86,889 | -€58,529 | -206.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.