ALTERIUS: 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
ALTERIUS
NACE 69.103, Activities of bailiffs
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.3m
2024 · €3.0m+€297,811
Equity
€11.5m
2024 · €9.7m+€1.8m
Cash
€7.5m
2024 · €6.6m+€882,662
Balance sheet total
€18.4m
2024 · €16.0m+€2.4m
Largest movements
Assets
- Receivables within one year +€1.5m
up €1.5m (+16.0%), from €9.4m to €10.9m
of which Trade receivables: +€1.4m
- Cash +€882,662
up €882,662 (+13.4%), from €6.6m to €7.5m
mainly Net result for the year (+€3.3m) and Other debts (+€672,342)
Equity and liabilities
- Profit (loss) carried forward +€1.8m
up €1.8m (+18.6%), from €9.7m to €11.5m
- Other debts +€672,342
up €672,342 (+13.7%), from €4.9m to €5.6m
- Debts after one year -€247,031
down €247,031 (-69.9%), from €353,243 to €106,213
Income statement
- Gross operating margin +€488,633
up €488,633 (+8.7%), from €5.6m to €6.1m
- Staff costs +€132,285
up €132,285 (+9.0%), from €1.5m to €1.6m
- Taxes +€102,135
up €102,135 (+10.1%), from €1.0m to €1.1m
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
€3.0m
Gross operating margin
+€488,633
Staff costs
-€132,285
Depreciation
+€5,874
Write-downs
+€20,625
Other operating charges
-€1,048
Financial income
+€11,252
Financial charges
+€6,894
Taxes
-€102,135
Result 2025
€3.3m
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
+€2.6m
Investment
-€3,572
Financing
-€1.7m
Cash 2024
€6.6m
From operations (derived)
+€2.6m
Net result for the year
+€3.3m
Depreciation
+€10,556
Receivables within one year
-€1.5m
Smaller working-capital items
-€4,126
Trade debts
+€102,262
Tax, wage and social debts
+€44,492
Other debts
+€672,342
Investment (derived)
-€3,572
Investment in fixed assets (net)
-€3,572
Financing
-€1.7m
Debts after one year
-€247,031
Current portion of long-term debt
+€5,319
Contributions, distributions and other
-€1.5m
Cash 2025
€7.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,043,498 | €18,425,053 | +€2.4m | +14.8% |
| Fixed assets | 21/28 | €54,463 | €47,478 | -€6,984 | -12.8% |
| Intangible fixed assets | 21 | €7,232 | €3,703 | -€3,529 | -48.8% |
| Tangible fixed assets | 22/27 | €41,785 | €38,329 | -€3,456 | -8.3% |
| Land and buildings | 22 | €13,543 | €13,367 | -€176 | -1.3% |
| Furniture and vehicles | 24 | €3,889 | €790 | -€3,099 | -79.7% |
| Other tangible fixed assets | 26 | €24,352 | €24,172 | -€181 | -0.7% |
| Financial fixed assets | 28 | €5,446 | €5,446 | = | 0.0% |
| Current assets | 29/58 | €15,989,035 | €18,377,575 | +€2.4m | +14.9% |
| Amounts receivable within one year | 40/41 | €9,379,049 | €10,881,659 | +€1.5m | +16.0% |
| Trade receivables | 40 | €9,378,271 | €10,792,485 | +€1.4m | +15.1% |
| Other amounts receivable | 41 | €778 | €89,175 | +€88,397 | +11360.6% |
| Cash at bank and in hand | 54/58 | €6,609,986 | €7,492,648 | +€882,662 | +13.4% |
| Deferred charges and accrued income | 490/1 | - | €3,267 | +€3,267 | |
| Total equity and liabilities | 10/49 | €16,043,498 | €18,425,053 | +€2.4m | +14.8% |
| Equity | 10/15 | €9,708,476 | €11,513,506 | +€1.8m | +18.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,688,016 | €11,493,046 | +€1.8m | +18.6% |
| Amounts payable | 17/49 | €6,335,022 | €6,911,547 | +€576,525 | +9.1% |
| Amounts payable after more than one year | 17 | €353,243 | €106,213 | -€247,031 | -69.9% |
| Financial debts | 170/4 | €353,243 | €106,213 | -€247,031 | -69.9% |
| Amounts payable within one year | 42/48 | €5,979,439 | €6,803,854 | +€824,415 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €401,741 | €407,060 | +€5,319 | +1.3% |
| Trade debts | 44 | €372,846 | €475,108 | +€102,262 | +27.4% |
| Suppliers | 440/4 | €372,846 | €475,108 | +€102,262 | +27.4% |
| Taxes, remuneration and social security | 45 | €291,228 | €335,720 | +€44,492 | +15.3% |
| Taxes | 450/3 | €113,338 | €134,946 | +€21,609 | +19.1% |
| Remuneration and social security | 454/9 | €177,890 | €200,773 | +€22,883 | +12.9% |
| Other amounts payable | 47/48 | €4,913,624 | €5,585,966 | +€672,342 | +13.7% |
| Accrued charges and deferred income | 492/3 | €2,339 | €1,480 | -€859 | -36.7% |
| Remuneration, social security and pensions | 62 | €1,475,757 | €1,608,042 | +€132,285 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,431 | €10,556 | -€5,874 | -35.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €109,406 | €88,780 | -€20,625 | -18.9% |
| Other operating charges | 640/8 | €1,832 | €2,880 | +€1,048 | +57.2% |
| Gross operating margin | 9900 | €5,621,468 | €6,110,101 | +€488,633 | +8.7% |
| Operating profit (loss) | 9901 | €4,018,044 | €4,399,843 | +€381,799 | +9.5% |
| Financial income | 75/76B | €24,663 | €35,916 | +€11,252 | +45.6% |
| Recurring financial income | 75 | €24,663 | €35,916 | +€11,252 | +45.6% |
| Financial charges | 65/66B | €34,439 | €27,545 | -€6,894 | -20.0% |
| Recurring financial charges | 65 | €34,439 | €27,545 | -€6,894 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €4,008,268 | €4,408,214 | +€399,946 | +10.0% |
| Income taxes | 67/77 | €1,011,049 | €1,113,184 | +€102,135 | +10.1% |
| Profit (loss) for the period | 9904 | €2,997,219 | €3,295,030 | +€297,811 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,997,219 | €3,295,030 | +€297,811 | +9.9% |
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 3 October 2026 via checked.be.