ALTERNATIVE INDUSTRY: 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 INDUSTRY
Largest movements
- Cash +€121,627
up €121,627 (+23.8%), from €510,472 to €632,099
mainly Receivables within one year (+€95,335) and Net result for the year (+€95,167)
- Receivables within one year -€95,335
down €95,335 (-31.9%), from €298,930 to €203,595
of which Trade receivables: -€82,187
- Reserves +€95,167
up €95,167 (+13.3%), from €714,343 to €809,510
of which Distributable reserves: +€95,167
- Tax, wage and social debts -€43,045
down €43,045 (-98.6%), from €43,665 to €620
- Trade debts -€14,451
down €14,451 (-27.4%), from €52,810 to €38,359
- Gross operating margin -€99,813
down €99,813 (-39.5%), from €252,872 to €153,059
- Taxes -€26,276
down €26,276 (-33.8%), from €77,846 to €51,570
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 | €864,680 | €895,702 | +€31,022 | +3.6% |
| Fixed assets | 21/28 | €55,278 | €56,266 | +€988 | +1.8% |
| Tangible fixed assets | 22/27 | €2,028 | €3,016 | +€988 | +48.7% |
| Furniture and vehicles | 24 | €2,028 | €3,016 | +€988 | +48.7% |
| Financial fixed assets | 28 | €53,250 | €53,250 | = | 0.0% |
| Current assets | 29/58 | €809,402 | €839,436 | +€30,034 | +3.7% |
| Amounts receivable within one year | 40/41 | €298,930 | €203,595 | -€95,335 | -31.9% |
| Trade receivables | 40 | €243,687 | €161,500 | -€82,187 | -33.7% |
| Other amounts receivable | 41 | €55,243 | €42,095 | -€13,148 | -23.8% |
| Cash at bank and in hand | 54/58 | €510,472 | €632,099 | +€121,627 | +23.8% |
| Deferred charges and accrued income | 490/1 | - | €3,742 | +€3,742 | |
| Total equity and liabilities | 10/49 | €864,680 | €895,702 | +€31,022 | +3.6% |
| Equity | 10/15 | €735,213 | €830,380 | +€95,167 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €714,343 | €809,510 | +€95,167 | +13.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €712,483 | €807,650 | +€95,167 | +13.4% |
| Profit (loss) carried forward | 14 | €2,270 | €2,270 | = | 0.0% |
| Amounts payable | 17/49 | €129,467 | €65,322 | -€64,145 | -49.5% |
| Amounts payable within one year | 42/48 | €129,467 | €65,322 | -€64,145 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €52,810 | €38,359 | -€14,451 | -27.4% |
| Suppliers | 440/4 | €52,810 | €38,359 | -€14,451 | -27.4% |
| Taxes, remuneration and social security | 45 | €43,665 | €620 | -€43,045 | -98.6% |
| Taxes | 450/3 | €43,665 | €620 | -€43,045 | -98.6% |
| Other amounts payable | 47/48 | €7,991 | €1,343 | -€6,649 | -83.2% |
| Remuneration, social security and pensions | 62 | - | €1,556 | +€1,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,569 | €1,339 | -€230 | -14.7% |
| Other operating charges | 640/8 | €1,367 | €1,163 | -€204 | -14.9% |
| Gross operating margin | 9900 | €252,872 | €153,059 | -€99,813 | -39.5% |
| Operating profit (loss) | 9901 | €249,936 | €149,000 | -€100,935 | -40.4% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €1,191 | €2,264 | +€1,073 | +90.2% |
| Recurring financial charges | 65 | €1,191 | €2,264 | +€1,073 | +90.2% |
| Profit (loss) for the period before taxes | 9903 | €248,756 | €146,736 | -€102,020 | -41.0% |
| Income taxes | 67/77 | €77,846 | €51,570 | -€26,276 | -33.8% |
| Profit (loss) for the period | 9904 | €170,910 | €95,167 | -€75,744 | -44.3% |
| Transfer from tax-exempt reserves | 789 | €169,900 | - | -€169,900 | |
| Profit (loss) for the period to be appropriated | 9905 | €340,810 | €95,167 | -€245,644 | -72.1% |
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 20 October 2026 via checked.be.