ALTERNET: 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.
ALTERNET
Largest movements
- Receivables within one year +€6,729
up €6,729 (+14.9%), from €45,308 to €52,037
of which Other amounts receivable: +€10,630
- Cash +€1,469
up €1,469 (+3.5%), from €41,822 to €43,291
mainly Net result for the year (+€21,588) and Depreciation (+€6,499)
- Profit (loss) carried forward +€21,588
up €21,588 (+97.8%), from -€22,065 to -€477
- Trade debts -€11,243
down €11,243 (-75.5%), from €14,885 to €3,642
- Current portion of long-term debt -€4,818
down €4,818 (-42.6%), from €11,319 to €6,501
- Tax, wage and social debts +€3,278
up €3,278 (+84.6%), from €3,875 to €7,152
of which Taxes: +€3,622
- Gross operating margin -€24,026
down €24,026 (-40.2%), from €59,820 to €35,793
- Taxes -€4,364
down €4,364 (-44.5%), from €9,805 to €5,441
- Depreciation -€2,612
down €2,612 (-28.7%), from €9,111 to €6,499
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 | €95,159 | €103,964 | +€8,805 | +9.3% |
| Fixed assets | 21/28 | €7,079 | €7,687 | +€607 | +8.6% |
| Tangible fixed assets | 22/27 | €5,315 | €5,922 | +€607 | +11.4% |
| Furniture and vehicles | 24 | - | €5,922 | +€5,922 | |
| Leasing and similar rights | 25 | €5,315 | - | -€5,315 | |
| Financial fixed assets | 28 | €1,765 | €1,765 | = | 0.0% |
| Current assets | 29/58 | €88,080 | €96,277 | +€8,197 | +9.3% |
| Amounts receivable within one year | 40/41 | €45,308 | €52,037 | +€6,729 | +14.9% |
| Trade receivables | 40 | €31,855 | €27,954 | -€3,901 | -12.2% |
| Other amounts receivable | 41 | €13,453 | €24,083 | +€10,630 | +79.0% |
| Cash at bank and in hand | 54/58 | €41,822 | €43,291 | +€1,469 | +3.5% |
| Deferred charges and accrued income | 490/1 | €950 | €950 | = | 0.0% |
| Total equity and liabilities | 10/49 | €95,159 | €103,964 | +€8,805 | +9.3% |
| Equity | 10/15 | €64,880 | €86,468 | +€21,588 | +33.3% |
| Contributions | 10/11 | €62,600 | €62,600 | = | 0.0% |
| Capital | 10 | €62,600 | €62,600 | = | 0.0% |
| Issued capital | 100 | €62,600 | €62,600 | = | 0.0% |
| Reserves | 13 | €24,345 | €24,345 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,375 | €2,375 | = | 0.0% |
| Legal reserve | 130 | €2,375 | €2,375 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,970 | €21,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,065 | -€477 | +€21,588 | +97.8% |
| Amounts payable | 17/49 | €30,279 | €17,495 | -€12,784 | -42.2% |
| Amounts payable within one year | 42/48 | €30,279 | €17,495 | -€12,784 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €11,319 | €6,501 | -€4,818 | -42.6% |
| Trade debts | 44 | €14,885 | €3,642 | -€11,243 | -75.5% |
| Suppliers | 440/4 | €14,885 | €3,642 | -€11,243 | -75.5% |
| Taxes, remuneration and social security | 45 | €3,875 | €7,152 | +€3,278 | +84.6% |
| Taxes | 450/3 | €3,531 | €7,152 | +€3,622 | +102.6% |
| Remuneration and social security | 454/9 | €344 | - | -€344 | |
| Other amounts payable | 47/48 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,111 | €6,499 | -€2,612 | -28.7% |
| Other operating charges | 640/8 | €1,992 | €1,518 | -€474 | -23.8% |
| Gross operating margin | 9900 | €59,820 | €35,793 | -€24,026 | -40.2% |
| Operating profit (loss) | 9901 | €48,716 | €27,776 | -€20,941 | -43.0% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €689 | €752 | +€63 | +9.2% |
| Recurring financial charges | 65 | €689 | €752 | +€63 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €48,028 | €27,029 | -€20,999 | -43.7% |
| Income taxes | 67/77 | €9,805 | €5,441 | -€4,364 | -44.5% |
| Profit (loss) for the period | 9904 | €38,223 | €21,588 | -€16,635 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,223 | €21,588 | -€16,635 | -43.5% |
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.