ALTERRA: 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.
ALTERRA
Largest movements
- Tangible fixed assets -€7,494
down €7,494 (-11.0%), from €68,329 to €60,836
of which Furniture and vehicles: -€21,476
- Cash -€3,563
down €3,563 (-84.9%), from €4,197 to €634
mainly Other debts (-€31,650) and Investment in fixed assets (net) (-€19,084)
- Receivables within one year -€2,545
down €2,545 (-13.1%), from €19,459 to €16,914
of which Trade receivables: -€2,545
- Deferred charges and accrued income +€1,045
up €1,045 (+52.3%), from €1,999 to €3,044
- Other debts -€31,650
down €31,650 (-18.8%), from €168,142 to €136,493
- Profit (loss) carried forward +€10,978
up €10,978 (+8.0%), from -€137,782 to -€126,803
- Trade debts +€10,140
up €10,140 (+1930.3%), from €525 to €10,666
- Tax, wage and social debts -€2,025
down €2,025 (-34.7%), from €5,839 to €3,813
- Gross operating margin +€12,949
up €12,949 (+52.0%), from €24,921 to €37,870
- Depreciation +€4,000
up €4,000 (+17.7%), from €22,578 to €26,578
- Financial income +€658
up €658 (+1096.0%), from €60 to €718
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 | €98,225 | €85,668 | -€12,557 | -12.8% |
| Fixed assets | 21/28 | €68,329 | €60,836 | -€7,494 | -11.0% |
| Tangible fixed assets | 22/27 | €68,329 | €60,836 | -€7,494 | -11.0% |
| Plant, machinery and equipment | 23 | €6,126 | €4,406 | -€1,720 | -28.1% |
| Furniture and vehicles | 24 | €61,443 | €39,967 | -€21,476 | -35.0% |
| Other tangible fixed assets | 26 | €761 | €16,463 | +€15,702 | +2064.5% |
| Current assets | 29/58 | €29,896 | €24,833 | -€5,063 | -16.9% |
| Stocks and contracts in progress | 3 | €4,241 | €4,241 | = | 0.0% |
| Stocks | 30/36 | €4,241 | €4,241 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,459 | €16,914 | -€2,545 | -13.1% |
| Trade receivables | 40 | €19,259 | €16,714 | -€2,545 | -13.2% |
| Other amounts receivable | 41 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,197 | €634 | -€3,563 | -84.9% |
| Deferred charges and accrued income | 490/1 | €1,999 | €3,044 | +€1,045 | +52.3% |
| Total equity and liabilities | 10/49 | €98,225 | €85,668 | -€12,557 | -12.8% |
| Equity | 10/15 | -€76,282 | -€65,303 | +€10,978 | +14.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,782 | -€126,803 | +€10,978 | +8.0% |
| Amounts payable | 17/49 | €174,506 | €150,972 | -€23,535 | -13.5% |
| Amounts payable within one year | 42/48 | €174,506 | €150,972 | -€23,535 | -13.5% |
| Trade debts | 44 | €525 | €10,666 | +€10,140 | +1930.3% |
| Suppliers | 440/4 | €525 | €10,666 | +€10,140 | +1930.3% |
| Taxes, remuneration and social security | 45 | €5,839 | €3,813 | -€2,025 | -34.7% |
| Taxes | 450/3 | €5,839 | €3,813 | -€2,025 | -34.7% |
| Other amounts payable | 47/48 | €168,142 | €136,493 | -€31,650 | -18.8% |
| Non-recurring operating income | 76A | - | €452 | +€452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,578 | €26,578 | +€4,000 | +17.7% |
| Other operating charges | 640/8 | €493 | €516 | +€23 | +4.6% |
| Gross operating margin | 9900 | €24,921 | €37,870 | +€12,949 | +52.0% |
| Operating profit (loss) | 9901 | €1,850 | €10,776 | +€8,926 | +482.5% |
| Financial income | 75/76B | €60 | €718 | +€658 | +1096.0% |
| Recurring financial income | 75 | €60 | €718 | +€658 | +1096.0% |
| Financial charges | 65/66B | €72 | €371 | +€299 | +417.5% |
| Recurring financial charges | 65 | €72 | €371 | +€299 | +417.5% |
| Profit (loss) for the period before taxes | 9903 | €1,838 | €11,124 | +€9,285 | +505.1% |
| Income taxes | 67/77 | €491 | €146 | -€346 | -70.3% |
| Profit (loss) for the period | 9904 | €1,347 | €10,978 | +€9,631 | +715.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,347 | €10,978 | +€9,631 | +715.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.