ALTERNATIVE FILMS: 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.
ALTERNATIVE FILMS
Largest movements
- Deferred charges and accrued income +€218,688
up €218,688 (+198%), from €110,303 to €328,991
- Cash -€214,928
down €214,928 (-59.1%), from €363,645 to €148,717
mainly Deferred charges and accrued income (-€218,688) and Trade debts (-€88,164)
- Receivables within one year -€100,797
down €100,797 (-55.9%), from €180,241 to €79,444
of which Trade receivables: -€83,503
- Trade debts -€88,164
down €88,164 (-62.2%), from €141,643 to €53,479
- Accrued charges and deferred income -€35,800
down €35,800 (-19.7%), from €182,000 to €146,200
- Reserves +€35,104
up €35,104 (+11.7%), from €299,074 to €334,178
of which Distributable reserves: +€35,104
- Gross operating margin -€232,679
down €232,679 (-63.0%), from €369,189 to €136,510
- Taxes -€7,611
down €7,611 (-22.5%), from €33,845 to €26,234
- Financial charges +€5,196
up €5,196 (+128%), from €4,052 to €9,248
of which Financial charges: +€5,197
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 | €720,549 | €630,553 | -€89,996 | -12.5% |
| Fixed assets | 21/28 | €66,360 | €73,401 | +€7,041 | +10.6% |
| Tangible fixed assets | 22/27 | €16,045 | €23,086 | +€7,041 | +43.9% |
| Furniture and vehicles | 24 | €1,956 | €4,985 | +€3,029 | +155% |
| Other tangible fixed assets | 26 | €14,089 | €18,101 | +€4,012 | +28.5% |
| Financial fixed assets | 28 | €50,315 | €50,315 | = | 0.0% |
| Current assets | 29/58 | €654,189 | €557,152 | -€97,037 | -14.8% |
| Amounts receivable within one year | 40/41 | €180,241 | €79,444 | -€100,797 | -55.9% |
| Trade receivables | 40 | €137,913 | €54,410 | -€83,503 | -60.5% |
| Other amounts receivable | 41 | €42,327 | €25,034 | -€17,294 | -40.9% |
| Cash at bank and in hand | 54/58 | €363,645 | €148,717 | -€214,928 | -59.1% |
| Deferred charges and accrued income | 490/1 | €110,303 | €328,991 | +€218,688 | +198% |
| Total equity and liabilities | 10/49 | €720,549 | €630,553 | -€89,996 | -12.5% |
| Equity | 10/15 | €351,010 | €386,114 | +€35,104 | +10.0% |
| Contributions | 10/11 | €86,049 | €86,049 | = | 0.0% |
| Capital | 10 | €86,049 | €86,049 | = | 0.0% |
| Issued capital | 100 | €86,049 | €86,049 | = | 0.0% |
| Reserves | 13 | €299,074 | €334,178 | +€35,104 | +11.7% |
| Non-distributable reserves | 130/1 | €8,605 | €8,605 | = | 0.0% |
| Legal reserve | 130 | €8,605 | €8,605 | = | 0.0% |
| Distributable reserves | 133 | €290,469 | €325,573 | +€35,104 | +12.1% |
| Profit (loss) carried forward | 14 | -€34,113 | -€34,113 | = | 0.0% |
| Amounts payable | 17/49 | €369,539 | €244,439 | -€125,100 | -33.9% |
| Amounts payable within one year | 42/48 | €187,539 | €98,239 | -€89,300 | -47.6% |
| Trade debts | 44 | €141,643 | €53,479 | -€88,164 | -62.2% |
| Suppliers | 440/4 | €141,643 | €53,479 | -€88,164 | -62.2% |
| Taxes, remuneration and social security | 45 | €45,139 | €44,389 | -€751 | -1.7% |
| Taxes | 450/3 | €37,411 | €35,517 | -€1,894 | -5.1% |
| Remuneration and social security | 454/9 | €7,728 | €8,871 | +€1,143 | +14.8% |
| Other amounts payable | 47/48 | €757 | €371 | -€386 | -51.0% |
| Accrued charges and deferred income | 492/3 | €182,000 | €146,200 | -€35,800 | -19.7% |
| Non-recurring operating income | 76A | - | €241 | +€241 | |
| Remuneration, social security and pensions | 62 | €61,324 | €60,143 | -€1,181 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,505 | €4,010 | -€494 | -11.0% |
| Other operating charges | 640/8 | €1,199 | €1,804 | +€605 | +50.5% |
| Gross operating margin | 9900 | €369,189 | €136,510 | -€232,679 | -63.0% |
| Operating profit (loss) | 9901 | €302,161 | €70,552 | -€231,609 | -76.7% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €4,052 | €9,248 | +€5,196 | +128% |
| Recurring financial charges | 65 | €4,051 | €9,248 | +€5,197 | +128% |
| Non-recurring financial charges | 66B | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €298,109 | €61,338 | -€236,771 | -79.4% |
| Income taxes | 67/77 | €33,845 | €26,234 | -€7,611 | -22.5% |
| Profit (loss) for the period | 9904 | €264,264 | €35,104 | -€229,160 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €264,264 | €35,104 | -€229,160 | -86.7% |
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 15 October 2026 via checked.be.