ALTERRA & PARTNERS: 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 & PARTNERS
Largest movements
- Tangible fixed assets +€228,528
up €228,528 (+10,897%), from €2,097 to €230,626
of which Land and buildings: +€227,422
- Cash -€55,374
down €55,374 (-92.1%), from €60,101 to €4,727
mainly Investment in fixed assets (net) (-€235,102) and Receivables within one year (-€38,069)
- Receivables within one year +€38,069
up €38,069 (+99.8%), from €38,157 to €76,226
of which Trade receivables: +€21,919
- Debts after one year +€151,157
new in 2025: €151,157
- Trade debts +€39,392
up €39,392 (+1,286%), from €3,064 to €42,456
- Current portion of long-term debt +€18,536
new in 2025: €18,536
- Profit (loss) carried forward +€15,853
up €15,853 (+29.1%), from €54,455 to €70,308
- Tax, wage and social debts -€9,748
down €9,748 (-58.4%), from €16,684 to €6,936
- Gross operating margin -€25,296
down €25,296 (-44.5%), from €56,867 to €31,572
- Taxes -€8,513
down €8,513 (-61.4%), from €13,868 to €5,355
- Financial income -€7,847
down €7,847 (-91.5%), from €8,579 to €732
- Depreciation +€5,263
up €5,263 (+401%), from €1,311 to €6,574
- Financial charges +€4,149
up €4,149 (+3,054%), from €136 to €4,285
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 | €101,225 | €312,016 | +€210,792 | +208% |
| Fixed assets | 21/28 | €2,097 | €230,626 | +€228,528 | +10,897% |
| Tangible fixed assets | 22/27 | €2,097 | €230,626 | +€228,528 | +10,897% |
| Land and buildings | 22 | - | €227,422 | +€227,422 | |
| Furniture and vehicles | 24 | €2,097 | €3,204 | +€1,107 | +52.8% |
| Current assets | 29/58 | €99,127 | €81,391 | -€17,737 | -17.9% |
| Amounts receivable within one year | 40/41 | €38,157 | €76,226 | +€38,069 | +99.8% |
| Trade receivables | 40 | €30,687 | €52,606 | +€21,919 | +71.4% |
| Other amounts receivable | 41 | €7,470 | €23,619 | +€16,150 | +216% |
| Cash at bank and in hand | 54/58 | €60,101 | €4,727 | -€55,374 | -92.1% |
| Deferred charges and accrued income | 490/1 | €870 | €439 | -€431 | -49.6% |
| Total equity and liabilities | 10/49 | €101,225 | €312,016 | +€210,792 | +208% |
| Equity | 10/15 | €74,915 | €90,768 | +€15,853 | +21.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €54,455 | €70,308 | +€15,853 | +29.1% |
| Amounts payable | 17/49 | €26,310 | €221,248 | +€194,939 | +741% |
| Amounts payable after more than one year | 17 | - | €151,157 | +€151,157 | |
| Financial debts | 170/4 | - | €151,157 | +€151,157 | |
| Amounts payable within one year | 42/48 | €25,925 | €70,091 | +€44,166 | +170% |
| Current portion of amounts payable after more than one year | 42 | - | €18,536 | +€18,536 | |
| Trade debts | 44 | €3,064 | €42,456 | +€39,392 | +1,286% |
| Suppliers | 440/4 | €3,064 | €42,456 | +€39,392 | +1,286% |
| Advances received on contracts in progress | 46 | €6,178 | €2,163 | -€4,015 | -65.0% |
| Taxes, remuneration and social security | 45 | €16,684 | €6,936 | -€9,748 | -58.4% |
| Taxes | 450/3 | €16,684 | €6,936 | -€9,748 | -58.4% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €6,574 | +€5,263 | +401% |
| Other operating charges | 640/8 | €1,716 | €237 | -€1,480 | -86.2% |
| Gross operating margin | 9900 | €56,867 | €31,572 | -€25,296 | -44.5% |
| Operating profit (loss) | 9901 | €53,840 | €24,761 | -€29,078 | -54.0% |
| Financial income | 75/76B | €8,579 | €732 | -€7,847 | -91.5% |
| Recurring financial income | 75 | €8,579 | €732 | -€7,847 | -91.5% |
| Financial charges | 65/66B | €136 | €4,285 | +€4,149 | +3,054% |
| Recurring financial charges | 65 | €136 | €4,285 | +€4,149 | +3,054% |
| Profit (loss) for the period before taxes | 9903 | €62,283 | €21,208 | -€41,075 | -65.9% |
| Income taxes | 67/77 | €13,868 | €5,355 | -€8,513 | -61.4% |
| Profit (loss) for the period | 9904 | €48,415 | €15,853 | -€32,562 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,415 | €15,853 | -€32,562 | -67.3% |
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 25 October 2026 via checked.be.