ALTERNUM: 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.
ALTERNUM
Largest movements
- Cash +€34,953
up €34,953 (+13.2%), from €263,814 to €298,767
mainly Depreciation (+€28,182) and Net result for the year (+€22,429)
- Tangible fixed assets -€27,506
down €27,506 (-56.3%), from €48,877 to €21,371
- Reserves +€22,429
up €22,429 (+9.7%), from €230,633 to €253,062
of which Distributable reserves: +€23,949
- Current portion of long-term debt -€12,132
down €12,132 (-56.2%), from €21,591 to €9,458
- Debts after one year -€9,458
down €9,458 (-100.0%), from €9,458 to €0
- Other debts +€7,908
up €7,908 (+46.6%), from €16,988 to €24,897
- Gross operating margin -€6,078
down €6,078 (-8.9%), from €68,636 to €62,558
- Taxes -€1,698
down €1,698 (-13.6%), from €12,517 to €10,819
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 | €333,082 | €341,208 | +€8,126 | +2.4% |
| Fixed assets | 21/28 | €48,877 | €21,371 | -€27,506 | -56.3% |
| Tangible fixed assets | 22/27 | €48,877 | €21,371 | -€27,506 | -56.3% |
| Furniture and vehicles | 24 | €48,877 | €21,371 | -€27,506 | -56.3% |
| Current assets | 29/58 | €284,205 | €319,837 | +€35,632 | +12.5% |
| Amounts receivable within one year | 40/41 | €18,381 | €18,931 | +€550 | +3.0% |
| Trade receivables | 40 | €18,270 | €18,854 | +€584 | +3.2% |
| Other amounts receivable | 41 | €111 | €77 | -€34 | -30.8% |
| Cash at bank and in hand | 54/58 | €263,814 | €298,767 | +€34,953 | +13.2% |
| Deferred charges and accrued income | 490/1 | €2,010 | €2,140 | +€129 | +6.4% |
| Total equity and liabilities | 10/49 | €333,082 | €341,208 | +€8,126 | +2.4% |
| Equity | 10/15 | €266,621 | €289,049 | +€22,429 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €230,633 | €253,062 | +€22,429 | +9.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,520 | €0 | -€1,520 | -100.0% |
| Distributable reserves | 133 | €229,113 | €253,062 | +€23,949 | +10.5% |
| Profit (loss) carried forward | 14 | €29,787 | €29,787 | = | 0.0% |
| Provisions and deferred taxes | 16 | €380 | €0 | -€380 | -100.0% |
| Deferred taxes | 168 | €380 | €0 | -€380 | -100.0% |
| Amounts payable | 17/49 | €66,081 | €52,158 | -€13,923 | -21.1% |
| Amounts payable after more than one year | 17 | €9,458 | €0 | -€9,458 | -100.0% |
| Financial debts | 170/4 | €9,458 | €0 | -€9,458 | -100.0% |
| Amounts payable within one year | 42/48 | €55,882 | €52,158 | -€3,724 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €21,591 | €9,458 | -€12,132 | -56.2% |
| Trade debts | 44 | €493 | €594 | +€101 | +20.5% |
| Suppliers | 440/4 | €493 | €594 | +€101 | +20.5% |
| Taxes, remuneration and social security | 45 | €16,810 | €17,209 | +€399 | +2.4% |
| Taxes | 450/3 | €13,610 | €14,009 | +€399 | +2.9% |
| Remuneration and social security | 454/9 | €3,200 | €3,200 | = | 0.0% |
| Other amounts payable | 47/48 | €16,988 | €24,897 | +€7,908 | +46.6% |
| Accrued charges and deferred income | 492/3 | €741 | €0 | -€741 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,056 | €28,182 | +€127 | +0.5% |
| Other operating charges | 640/8 | €1,137 | €1,130 | -€7 | -0.6% |
| Gross operating margin | 9900 | €68,636 | €62,558 | -€6,078 | -8.9% |
| Operating profit (loss) | 9901 | €39,444 | €33,246 | -€6,198 | -15.7% |
| Financial income | 75/76B | €51 | €122 | +€71 | +139.5% |
| Recurring financial income | 75 | €51 | €122 | +€71 | +139.5% |
| Financial charges | 65/66B | €559 | €500 | -€59 | -10.6% |
| Recurring financial charges | 65 | €559 | €500 | -€59 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €38,935 | €32,868 | -€6,067 | -15.6% |
| Transfer from deferred taxes | 780 | €380 | €380 | = | 0.0% |
| Income taxes | 67/77 | €12,517 | €10,819 | -€1,698 | -13.6% |
| Profit (loss) for the period | 9904 | €26,798 | €22,429 | -€4,370 | -16.3% |
| Transfer from tax-exempt reserves | 789 | €1,520 | €1,520 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,318 | €23,949 | -€4,370 | -15.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.