ALTERUM FILUM: what changed
ALTERUM FILUM
Largest movements
- Tangible fixed assets -€17,047
down €17,047 (-7.2%), from €237,566 to €220,520
- Receivables within one year -€4,312
down €4,312 (-45.1%), from €9,567 to €5,255
- Profit (loss) carried forward +€116,212
up €116,212 (+96.6%), from -€120,300 to -€4,088
- Reserves -€114,845
no longer reported in 2025 (was €114,845)
- Revaluation surpluses -€17,047
down €17,047 (-7.4%), from €230,130 to €213,083
- Trade debts -€4,462
down €4,462 (-97.8%), from €4,562 to €100
- Depreciation -€8,523
down €8,523 (-33.3%), from €25,570 to €17,047
- Gross operating margin -€3,446
down €3,446 (-46.2%), from €7,457 to €4,011
- Other operating charges -€3,161
down €3,161 (-56.2%), from €5,626 to €2,465
- Financial charges -€118
down €118 (-40.0%), from €296 to €178
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,861 | €233,870 | -€19,991 | -7.9% |
| Fixed assets | 21/28 | €237,566 | €220,520 | -€17,047 | -7.2% |
| Tangible fixed assets | 22/27 | €237,566 | €220,520 | -€17,047 | -7.2% |
| Land and buildings | 22 | €237,566 | €220,520 | -€17,047 | -7.2% |
| Current assets | 29/58 | €16,294 | €13,350 | -€2,944 | -18.1% |
| Amounts receivable within one year | 40/41 | €9,567 | €5,255 | -€4,312 | -45.1% |
| Other amounts receivable | 41 | €9,567 | €5,255 | -€4,312 | -45.1% |
| Cash at bank and in hand | 54/58 | €2,292 | €3,360 | +€1,068 | +46.6% |
| Deferred charges and accrued income | 490/1 | €4,435 | €4,735 | +€300 | +6.8% |
| Total equity and liabilities | 10/49 | €253,861 | €233,870 | -€19,991 | -7.9% |
| Equity | 10/15 | €243,224 | €227,545 | -€15,679 | -6.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €230,130 | €213,083 | -€17,047 | -7.4% |
| Reserves | 13 | €114,845 | - | -€114,845 | |
| Distributable reserves | 133 | €114,845 | - | -€114,845 | |
| Profit (loss) carried forward | 14 | -€120,300 | -€4,088 | +€116,212 | +96.6% |
| Amounts payable | 17/49 | €10,637 | €6,325 | -€4,312 | -40.5% |
| Amounts payable within one year | 42/48 | €10,637 | €6,175 | -€4,462 | -41.9% |
| Trade debts | 44 | €4,562 | €100 | -€4,462 | -97.8% |
| Suppliers | 440/4 | €4,562 | €100 | -€4,462 | -97.8% |
| Other amounts payable | 47/48 | €6,075 | €6,075 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,570 | €17,047 | -€8,523 | -33.3% |
| Other operating charges | 640/8 | €5,626 | €2,465 | -€3,161 | -56.2% |
| Gross operating margin | 9900 | €7,457 | €4,011 | -€3,446 | -46.2% |
| Operating profit (loss) | 9901 | -€23,739 | -€15,501 | +€8,238 | +34.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €296 | €178 | -€118 | -40.0% |
| Recurring financial charges | 65 | €296 | €178 | -€118 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,035 | -€15,679 | +€8,356 | +34.8% |
| Profit (loss) for the period | 9904 | -€24,035 | -€15,679 | +€8,356 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,035 | -€15,679 | +€8,356 | +34.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.