ALTERMATE: 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.
ALTERMATE
Largest movements
- Tangible fixed assets -€29,296
down €29,296 (-64.0%), from €45,796 to €16,500
of which Furniture and vehicles: -€20,578
- Receivables within one year +€2,500
up €2,500 (+150%), from €1,665 to €4,165
- Profit (loss) carried forward -€37,028
down €37,028 (-44.4%), from -€83,385 to -€120,413
- Other debts +€21,285
up €21,285 (+94.7%), from €22,475 to €43,760
- Current portion of long-term debt -€13,920
no longer reported in 2025 (was €13,920)
- Debts after one year +€1,665
up €1,665 (+27.0%), from €6,162 to €7,827
- Trade debts +€844
up €844 (+79.2%), from €1,066 to €1,910
- Gross operating margin +€22,098
up €22,098 (+67.1%), from -€32,943 to -€10,845
- Purchases and services -€22,098
down €22,098 (-67.1%), from €32,943 to €10,845
- Depreciation -€9,629
down €9,629 (-28.0%), from €34,418 to €24,789
- Financial charges -€1,868
down €1,868 (-85.1%), from €2,194 to €326
- Taxes -€438
no longer reported in 2025 (was €438)
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,361 | €21,565 | -€26,796 | -55.4% |
| Fixed assets | 21/28 | €46,696 | €17,400 | -€29,296 | -62.7% |
| Tangible fixed assets | 22/27 | €45,796 | €16,500 | -€29,296 | -64.0% |
| Land and buildings | 22 | €24,568 | €15,850 | -€8,718 | -35.5% |
| Furniture and vehicles | 24 | €21,228 | €650 | -€20,578 | -96.9% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €1,665 | €4,165 | +€2,500 | +150% |
| Amounts receivable within one year | 40/41 | €1,665 | €4,165 | +€2,500 | +150% |
| Other amounts receivable | 41 | €1,665 | €4,165 | +€2,500 | +150% |
| Total equity and liabilities | 10/49 | €48,361 | €21,565 | -€26,796 | -55.4% |
| Equity | 10/15 | €1,337 | -€35,691 | -€37,028 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €66,130 | €66,130 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €64,271 | €64,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,385 | -€120,413 | -€37,028 | -44.4% |
| Amounts payable | 17/49 | €47,024 | €57,256 | +€10,232 | +21.8% |
| Amounts payable after more than one year | 17 | €6,162 | €7,827 | +€1,665 | +27.0% |
| Financial debts | 170/4 | €6,162 | €7,827 | +€1,665 | +27.0% |
| Amounts payable within one year | 42/48 | €40,862 | €49,429 | +€8,567 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €13,920 | - | -€13,920 | |
| Financial debts | 43 | €3,401 | €3,695 | +€294 | +8.6% |
| Credit institutions | 430/8 | €3,401 | €3,695 | +€294 | +8.6% |
| Trade debts | 44 | €1,066 | €1,910 | +€844 | +79.2% |
| Suppliers | 440/4 | €1,066 | €1,910 | +€844 | +79.2% |
| Taxes, remuneration and social security | 45 | - | €64 | +€64 | |
| Taxes | 450/3 | - | €64 | +€64 | |
| Other amounts payable | 47/48 | €22,475 | €43,760 | +€21,285 | +94.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,943 | €10,845 | -€22,098 | -67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,418 | €24,789 | -€9,629 | -28.0% |
| Other operating charges | 640/8 | €841 | €1,068 | +€227 | +27.0% |
| Gross operating margin | 9900 | -€32,943 | -€10,845 | +€22,098 | +67.1% |
| Operating profit (loss) | 9901 | -€68,202 | -€36,702 | +€31,500 | +46.2% |
| Financial charges | 65/66B | €2,194 | €326 | -€1,868 | -85.1% |
| Recurring financial charges | 65 | €2,194 | €326 | -€1,868 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | -€70,396 | -€37,028 | +€33,368 | +47.4% |
| Income taxes | 67/77 | €438 | - | -€438 | |
| Profit (loss) for the period | 9904 | -€70,834 | -€37,028 | +€33,806 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,834 | -€37,028 | +€33,806 | +47.7% |
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 25 October 2026 via checked.be.