ALTERNATEEV: 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.
ALTERNATEEV
Largest movements
- Financial fixed assets +€247,515
up €247,515 (+129.9%), from €190,496 to €438,011
- Cash +€16,872
up €16,872 (+49.3%), from €34,215 to €51,088
mainly Other debts (+€197,851) and Net result for the year (+€39,612)
- Receivables after one year -€10,000
down €10,000 (-64.5%), from €15,500 to €5,500
- Receivables within one year -€7,245
down €7,245 (-13.2%), from €54,722 to €47,477
of which Other amounts receivable: -€9,441
- Other debts +€197,851
new in 2025: €197,851
- Profit (loss) carried forward +€29,612
up €29,612 (+167.4%), from €17,686 to €47,298
- Tax, wage and social debts +€15,110
up €15,110 (+57.6%), from €26,237 to €41,347
of which Taxes: +€7,610
- Trade debts -€14,556
down €14,556 (-79.9%), from €18,215 to €3,660
- Reserves +€10,000
up €10,000 (+4.3%), from €234,211 to €244,211
of which Distributable reserves: +€10,000
- Gross operating margin +€39,838
up €39,838 (+178.2%), from €22,357 to €62,195
- Financial charges -€9,328
down €9,328 (-97.7%), from €9,552 to €224
of which Financial charges: -€5,340
- Taxes +€8,830
up €8,830 (+156.5%), from €5,643 to €14,472
- Depreciation +€6,992
up €6,992 (+2653.6%), from €263 to €7,255
- Financial income +€851
up €851 (+84.5%), from €1,008 to €1,859
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 | €314,949 | €562,371 | +€247,422 | +78.6% |
| Fixed assets | 21/28 | €209,504 | €456,389 | +€246,886 | +117.8% |
| Tangible fixed assets | 22/27 | €19,008 | €18,378 | -€630 | -3.3% |
| Furniture and vehicles | 24 | €1,100 | €1,100 | = | 0.0% |
| Other tangible fixed assets | 26 | €17,908 | €17,278 | -€630 | -3.5% |
| Financial fixed assets | 28 | €190,496 | €438,011 | +€247,515 | +129.9% |
| Current assets | 29/58 | €105,445 | €105,982 | +€536 | +0.5% |
| Amounts receivable after more than one year | 29 | €15,500 | €5,500 | -€10,000 | -64.5% |
| Other amounts receivable | 291 | €15,500 | €5,500 | -€10,000 | -64.5% |
| Amounts receivable within one year | 40/41 | €54,722 | €47,477 | -€7,245 | -13.2% |
| Trade receivables | 40 | €11,136 | €13,332 | +€2,196 | +19.7% |
| Other amounts receivable | 41 | €43,586 | €34,145 | -€9,441 | -21.7% |
| Cash at bank and in hand | 54/58 | €34,215 | €51,088 | +€16,872 | +49.3% |
| Deferred charges and accrued income | 490/1 | €1,008 | €1,917 | +€909 | +90.2% |
| Total equity and liabilities | 10/49 | €314,949 | €562,371 | +€247,422 | +78.6% |
| Equity | 10/15 | €270,497 | €310,109 | +€39,612 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,211 | €244,211 | +€10,000 | +4.3% |
| Tax-exempt reserves | 132 | €13,254 | €13,254 | = | 0.0% |
| Distributable reserves | 133 | €220,957 | €230,957 | +€10,000 | +4.5% |
| Profit (loss) carried forward | 14 | €17,686 | €47,298 | +€29,612 | +167.4% |
| Amounts payable | 17/49 | €44,452 | €252,262 | +€207,810 | +467.5% |
| Amounts payable within one year | 42/48 | €44,452 | €252,262 | +€207,810 | +467.5% |
| Trade debts | 44 | €18,215 | €3,660 | -€14,556 | -79.9% |
| Suppliers | 440/4 | €18,215 | €3,660 | -€14,556 | -79.9% |
| Advances received on contracts in progress | 46 | - | €9,404 | +€9,404 | |
| Taxes, remuneration and social security | 45 | €26,237 | €41,347 | +€15,110 | +57.6% |
| Taxes | 450/3 | €26,237 | €33,847 | +€7,610 | +29.0% |
| Remuneration and social security | 454/9 | - | €7,500 | +€7,500 | |
| Other amounts payable | 47/48 | - | €197,851 | +€197,851 | |
| Non-recurring operating income | 76A | - | €22 | +€22 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €7,255 | +€6,992 | +2653.6% |
| Other operating charges | 640/8 | €387 | €554 | +€166 | +42.9% |
| Non-recurring operating charges | 66A | - | €1,936 | +€1,936 | |
| Gross operating margin | 9900 | €22,357 | €62,195 | +€39,838 | +178.2% |
| Operating profit (loss) | 9901 | €21,707 | €52,450 | +€30,743 | +141.6% |
| Financial income | 75/76B | €1,008 | €1,859 | +€851 | +84.5% |
| Recurring financial income | 75 | €1,008 | €1,859 | +€851 | +84.5% |
| Financial charges | 65/66B | €9,552 | €224 | -€9,328 | -97.7% |
| Recurring financial charges | 65 | €5,565 | €224 | -€5,340 | -96.0% |
| Non-recurring financial charges | 66B | €3,987 | - | -€3,987 | |
| Profit (loss) for the period before taxes | 9903 | €13,162 | €54,085 | +€40,923 | +310.9% |
| Income taxes | 67/77 | €5,643 | €14,472 | +€8,830 | +156.5% |
| Profit (loss) for the period | 9904 | €7,520 | €39,612 | +€32,093 | +426.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,520 | €39,612 | +€32,093 | +426.8% |
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 5 October 2026 via checked.be.