Alternative Evolution: 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.
Alternative Evolution
Largest movements
- Intangible fixed assets +€44,562
up €44,562 (+148.3%), from €30,040 to €74,602
- Cash -€17,616
down €17,616 (-41.8%), from €42,131 to €24,515
mainly Investment in fixed assets (net) (-€56,005) and Trade debts (-€1,974)
- Receivables within one year -€1,201
down €1,201 (-32.2%), from €3,735 to €2,534
- Other debts +€18,000
up €18,000 (+25.2%), from €71,371 to €89,371
- Profit (loss) carried forward +€9,719
up €9,719 (+20.1%), from -€48,302 to -€38,583
- Trade debts -€1,974
down €1,974 (-69.6%), from €2,837 to €863
- Gross operating margin +€55,890
up €55,890, from -€34,739 to €21,151
- Depreciation +€8,890
up €8,890 (+348.2%), from €2,553 to €11,443
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 | €75,906 | €101,651 | +€25,745 | +33.9% |
| Fixed assets | 21/28 | €30,040 | €74,602 | +€44,562 | +148.3% |
| Intangible fixed assets | 21 | €30,040 | €74,602 | +€44,562 | +148.3% |
| Current assets | 29/58 | €45,866 | €27,049 | -€18,817 | -41.0% |
| Amounts receivable within one year | 40/41 | €3,735 | €2,534 | -€1,201 | -32.2% |
| Other amounts receivable | 41 | €3,735 | €2,534 | -€1,201 | -32.2% |
| Cash at bank and in hand | 54/58 | €42,131 | €24,515 | -€17,616 | -41.8% |
| Total equity and liabilities | 10/49 | €75,906 | €101,651 | +€25,745 | +33.9% |
| Equity | 10/15 | -€38,302 | -€28,583 | +€9,719 | +25.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,302 | -€38,583 | +€9,719 | +20.1% |
| Amounts payable | 17/49 | €114,208 | €130,234 | +€16,026 | +14.0% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,208 | €90,234 | +€16,026 | +21.6% |
| Trade debts | 44 | €2,837 | €863 | -€1,974 | -69.6% |
| Suppliers | 440/4 | €2,837 | €863 | -€1,974 | -69.6% |
| Other amounts payable | 47/48 | €71,371 | €89,371 | +€18,000 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,553 | €11,443 | +€8,890 | +348.2% |
| Gross operating margin | 9900 | -€34,739 | €21,151 | +€55,890 | |
| Operating profit (loss) | 9901 | -€37,292 | €9,708 | +€47,000 | |
| Financial income | 75/76B | - | €89 | +€89 | |
| Recurring financial income | 75 | - | €89 | +€89 | |
| Financial charges | 65/66B | €276 | €78 | -€198 | -71.7% |
| Recurring financial charges | 65 | €276 | €78 | -€198 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,568 | €9,719 | +€47,287 | |
| Profit (loss) for the period | 9904 | -€37,568 | €9,719 | +€47,287 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,568 | €9,719 | +€47,287 |
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 7 October 2026 via checked.be.