ALTERNATIVES 180: 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.
ALTERNATIVES 180
Largest movements
- Cash -€19,551
down €19,551 (-41.2%), from €47,447 to €27,896
mainly Investment in fixed assets (net) (-€17,454) and Receivables within one year (-€17,373)
- Receivables within one year +€17,373
new in 2025: €17,373
of which Other amounts receivable: +€9,836
- Tangible fixed assets +€16,488
new in 2025: €16,488
- Receivables after one year -€14,964
no longer reported in 2025 (was €14,964)
- Debts after one year +€12,471
new in 2025: €12,471
- Profit (loss) carried forward -€7,695
down €7,695 (-15.4%), from €50,013 to €42,318
- Other debts -€5,080
down €5,080 (-90.2%), from €5,630 to €550
- Current portion of long-term debt +€3,312
new in 2025: €3,312
- Tax, wage and social debts -€2,593
no longer reported in 2025 (was €2,593)
- Gross operating margin -€50,865
down €50,865, from €46,334 to -€4,531
- Taxes -€9,928
down €9,928 (-98.4%), from €10,093 to €164
- Financial charges +€1,414
up €1,414 (+752.9%), from €188 to €1,602
- Depreciation +€966
new in 2025: €966
- Staff costs -€485
no longer reported in 2025 (was €485)
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 | €62,464 | €61,901 | -€563 | -0.9% |
| Fixed assets | 21/28 | - | €16,488 | +€16,488 | |
| Tangible fixed assets | 22/27 | - | €16,488 | +€16,488 | |
| Other tangible fixed assets | 26 | - | €16,488 | +€16,488 | |
| Current assets | 29/58 | €62,464 | €45,412 | -€17,051 | -27.3% |
| Amounts receivable after more than one year | 29 | €14,964 | - | -€14,964 | |
| Trade receivables | 290 | €14,964 | - | -€14,964 | |
| Amounts receivable within one year | 40/41 | - | €17,373 | +€17,373 | |
| Trade receivables | 40 | - | €7,538 | +€7,538 | |
| Other amounts receivable | 41 | - | €9,836 | +€9,836 | |
| Cash at bank and in hand | 54/58 | €47,447 | €27,896 | -€19,551 | -41.2% |
| Deferred charges and accrued income | 490/1 | €53 | €143 | +€90 | +169.5% |
| Total equity and liabilities | 10/49 | €62,464 | €61,901 | -€563 | -0.9% |
| Equity | 10/15 | €53,013 | €45,318 | -€7,695 | -14.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,013 | €42,318 | -€7,695 | -15.4% |
| Amounts payable | 17/49 | €9,451 | €16,583 | +€7,132 | +75.5% |
| Amounts payable after more than one year | 17 | - | €12,471 | +€12,471 | |
| Financial debts | 170/4 | - | €12,471 | +€12,471 | |
| Amounts payable within one year | 42/48 | €9,451 | €4,112 | -€5,339 | -56.5% |
| Current portion of amounts payable after more than one year | 42 | - | €3,312 | +€3,312 | |
| Trade debts | 44 | €1,228 | €249 | -€979 | -79.7% |
| Suppliers | 440/4 | €1,228 | €249 | -€979 | -79.7% |
| Taxes, remuneration and social security | 45 | €2,593 | - | -€2,593 | |
| Taxes | 450/3 | €2,593 | - | -€2,593 | |
| Other amounts payable | 47/48 | €5,630 | €550 | -€5,080 | -90.2% |
| Remuneration, social security and pensions | 62 | €485 | - | -€485 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €966 | +€966 | |
| Other operating charges | 640/8 | €402 | €562 | +€160 | +39.7% |
| Gross operating margin | 9900 | €46,334 | -€4,531 | -€50,865 | |
| Operating profit (loss) | 9901 | €45,446 | -€6,060 | -€51,506 | |
| Financial income | 75/76B | €70 | €131 | +€61 | +87.2% |
| Recurring financial income | 75 | €70 | €131 | +€61 | +87.2% |
| Financial charges | 65/66B | €188 | €1,602 | +€1,414 | +752.9% |
| Recurring financial charges | 65 | €188 | €1,602 | +€1,414 | +752.9% |
| Profit (loss) for the period before taxes | 9903 | €45,328 | -€7,531 | -€52,859 | |
| Income taxes | 67/77 | €10,093 | €164 | -€9,928 | -98.4% |
| Profit (loss) for the period | 9904 | €35,236 | -€7,695 | -€42,931 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,236 | -€7,695 | -€42,931 |
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 4 October 2026 via checked.be.