ALTERMIND: 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.
ALTERMIND
Largest movements
- Cash -€332,548
down €332,548 (-59.9%), from €555,095 to €222,547
mainly Net result for the year (-€262,824) and Receivables within one year (-€104,720)
- Receivables within one year +€104,720
up €104,720 (+62.4%), from €167,903 to €272,623
of which Trade receivables: +€107,595
- Profit (loss) carried forward -€262,824
down €262,824 (-52.8%), from €497,458 to €234,634
- Trade debts +€42,902
up €42,902 (+21.9%), from €195,903 to €238,805
- Tax, wage and social debts -€20,505
down €20,505 (-54.9%), from €37,336 to €16,831
of which Remuneration and social security: -€21,237
- Gross operating margin -€766,461
down €766,461, from €638,277 to -€128,184
- Staff costs -€208,981
down €208,981 (-61.2%), from €341,632 to €132,651
- Taxes -€74,003
down €74,003 (-97.9%), from €75,573 to €1,570
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
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 | €737,519 | €497,092 | -€240,427 | -32.6% |
| Fixed assets | 21/28 | €9,695 | €1,922 | -€7,773 | -80.2% |
| Tangible fixed assets | 22/27 | €2,740 | €1,367 | -€1,373 | -50.1% |
| Furniture and vehicles | 24 | €2,740 | €1,367 | -€1,373 | -50.1% |
| Financial fixed assets | 28 | €6,955 | €555 | -€6,400 | -92.0% |
| Current assets | 29/58 | €727,824 | €495,170 | -€232,654 | -32.0% |
| Amounts receivable within one year | 40/41 | €167,903 | €272,623 | +€104,720 | +62.4% |
| Trade receivables | 40 | €164,477 | €272,072 | +€107,595 | +65.4% |
| Other amounts receivable | 41 | €3,426 | €551 | -€2,875 | -83.9% |
| Cash at bank and in hand | 54/58 | €555,095 | €222,547 | -€332,548 | -59.9% |
| Deferred charges and accrued income | 490/1 | €4,825 | - | -€4,825 | |
| Total equity and liabilities | 10/49 | €737,519 | €497,092 | -€240,427 | -32.6% |
| Equity | 10/15 | €501,458 | €238,634 | -€262,824 | -52.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €497,458 | €234,634 | -€262,824 | -52.8% |
| Amounts payable | 17/49 | €236,061 | €258,458 | +€22,397 | +9.5% |
| Amounts payable within one year | 42/48 | €236,061 | €258,458 | +€22,397 | +9.5% |
| Trade debts | 44 | €195,903 | €238,805 | +€42,902 | +21.9% |
| Suppliers | 440/4 | €195,903 | €238,805 | +€42,902 | +21.9% |
| Taxes, remuneration and social security | 45 | €37,336 | €16,831 | -€20,505 | -54.9% |
| Taxes | 450/3 | €15,500 | €16,232 | +€732 | +4.7% |
| Remuneration and social security | 454/9 | €21,836 | €599 | -€21,237 | -97.3% |
| Other amounts payable | 47/48 | €2,822 | €2,822 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €341,632 | €132,651 | -€208,981 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,181 | €1,373 | +€193 | +16.3% |
| Other operating charges | 640/8 | €928 | €937 | +€8 | +0.9% |
| Gross operating margin | 9900 | €638,277 | -€128,184 | -€766,461 | |
| Operating profit (loss) | 9901 | €294,536 | -€263,145 | -€557,681 | |
| Financial income | 75/76B | €6,672 | €2,794 | -€3,879 | -58.1% |
| Recurring financial income | 75 | €6,672 | €2,794 | -€3,879 | -58.1% |
| Financial charges | 65/66B | €645 | €902 | +€257 | +39.8% |
| Recurring financial charges | 65 | €645 | €902 | +€257 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €300,563 | -€261,254 | -€561,817 | |
| Income taxes | 67/77 | €75,573 | €1,570 | -€74,003 | -97.9% |
| Profit (loss) for the period | 9904 | €224,989 | -€262,824 | -€487,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €224,989 | -€262,824 | -€487,813 |
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 15 October 2026 via checked.be.