ALTERNATIF ELECTRICITE: what changed
ALTERNATIF ELECTRICITE
Largest movements
- Receivables within one year -€269,244
down €269,244 (-46.8%), from €575,632 to €306,388
of which Trade receivables: -€246,117
- Tangible fixed assets -€34,120
down €34,120 (-43.3%), from €78,753 to €44,632
of which Furniture and vehicles: -€35,492
- Receivables after one year +€28,685
up €28,685 (+47.6%), from €60,212 to €88,896
- Deferred charges and accrued income +€21,664
up €21,664 (+258%), from €8,410 to €30,073
- Cash -€15,652
down €15,652 (-59.5%), from €26,320 to €10,668
mainly Trade debts (-€214,075) and Advances received (-€34,973)
- Trade debts -€214,075
down €214,075 (-53.2%), from €402,530 to €188,454
- Advances received -€34,973
down €34,973 (-43.9%), from €79,642 to €44,669
- Reserves +€31,374
up €31,374 (+39.4%), from €79,685 to €111,059
- Debts after one year -€31,365
down €31,365 (-21.5%), from €145,562 to €114,197
- Current portion of long-term debt -€14,592
down €14,592 (-18.2%), from €80,318 to €65,726
- Gross operating margin +€155,761
up €155,761 (+29.5%), from €528,565 to €684,326
- Staff costs -€17,464
down €17,464 (-2.9%), from €604,960 to €587,496
- Depreciation -€7,149
down €7,149 (-13.5%), from €52,879 to €45,731
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €858,384 | €581,219 | -€277,165 | -32.3% |
| Fixed assets | 21/28 | €97,648 | €61,927 | -€35,721 | -36.6% |
| Intangible fixed assets | 21 | €11,355 | €9,755 | -€1,601 | -14.1% |
| Tangible fixed assets | 22/27 | €78,753 | €44,632 | -€34,120 | -43.3% |
| Plant, machinery and equipment | 23 | €9,171 | €10,543 | +€1,372 | +15.0% |
| Furniture and vehicles | 24 | €69,581 | €34,090 | -€35,492 | -51.0% |
| Financial fixed assets | 28 | €7,540 | €7,540 | = | 0.0% |
| Current assets | 29/58 | €760,736 | €519,292 | -€241,444 | -31.7% |
| Amounts receivable after more than one year | 29 | €60,212 | €88,896 | +€28,685 | +47.6% |
| Other amounts receivable | 291 | €60,212 | €88,896 | +€28,685 | +47.6% |
| Stocks and contracts in progress | 3 | €90,163 | €83,266 | -€6,897 | -7.6% |
| Stocks | 30/36 | €90,163 | €83,266 | -€6,897 | -7.6% |
| Amounts receivable within one year | 40/41 | €575,632 | €306,388 | -€269,244 | -46.8% |
| Trade receivables | 40 | €469,371 | €223,254 | -€246,117 | -52.4% |
| Other amounts receivable | 41 | €106,260 | €83,134 | -€23,127 | -21.8% |
| Cash at bank and in hand | 54/58 | €26,320 | €10,668 | -€15,652 | -59.5% |
| Deferred charges and accrued income | 490/1 | €8,410 | €30,073 | +€21,664 | +258% |
| Total equity and liabilities | 10/49 | €858,384 | €581,219 | -€277,165 | -32.3% |
| Equity | 10/15 | €97,987 | €129,361 | +€31,374 | +32.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €79,685 | €111,059 | +€31,374 | +39.4% |
| Distributable reserves | 133 | €79,685 | €111,059 | +€31,374 | +39.4% |
| Profit (loss) carried forward | 14 | €8,302 | €8,302 | = | 0.0% |
| Amounts payable | 17/49 | €760,397 | €451,858 | -€308,539 | -40.6% |
| Amounts payable after more than one year | 17 | €145,562 | €114,197 | -€31,365 | -21.5% |
| Financial debts | 170/4 | €145,562 | €114,197 | -€31,365 | -21.5% |
| Amounts payable within one year | 42/48 | €614,835 | €337,661 | -€277,174 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | €80,318 | €65,726 | -€14,592 | -18.2% |
| Trade debts | 44 | €402,530 | €188,454 | -€214,075 | -53.2% |
| Suppliers | 440/4 | €402,530 | €188,454 | -€214,075 | -53.2% |
| Advances received on contracts in progress | 46 | €79,642 | €44,669 | -€34,973 | -43.9% |
| Taxes, remuneration and social security | 45 | €51,717 | €38,167 | -€13,551 | -26.2% |
| Remuneration and social security | 454/9 | €51,717 | €38,167 | -€13,551 | -26.2% |
| Other amounts payable | 47/48 | €628 | €645 | +€17 | +2.8% |
| Remuneration, social security and pensions | 62 | €604,960 | €587,496 | -€17,464 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,879 | €45,731 | -€7,149 | -13.5% |
| Other operating charges | 640/8 | €6,125 | €2,056 | -€4,069 | -66.4% |
| Gross operating margin | 9900 | €528,565 | €684,326 | +€155,761 | +29.5% |
| Operating profit (loss) | 9901 | -€135,398 | €49,044 | +€184,442 | |
| Financial income | 75/76B | €6,107 | €3,930 | -€2,176 | -35.6% |
| Recurring financial income | 75 | €6,107 | €3,930 | -€2,176 | -35.6% |
| Financial charges | 65/66B | €20,935 | €18,051 | -€2,884 | -13.8% |
| Recurring financial charges | 65 | €20,935 | €18,051 | -€2,884 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€150,227 | €34,923 | +€185,150 | |
| Income taxes | 67/77 | €419 | €3,549 | +€3,130 | +748% |
| Profit (loss) for the period | 9904 | -€150,645 | €31,374 | +€182,019 | |
| Profit (loss) for the period to be appropriated | 9905 | -€150,645 | €31,374 | +€182,019 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.