ALTERVET: 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.
ALTERVET
Largest movements
- Tangible fixed assets -€7,231
down €7,231 (-25.5%), from €28,357 to €21,126
- Deferred charges and accrued income -€3,819
down €3,819 (-61.4%), from €6,216 to €2,397
- Receivables within one year +€3,530
up €3,530 (+134.4%), from €2,626 to €6,156
- Stocks and contracts +€2,384
up €2,384 (+12.6%), from €18,889 to €21,273
- Cash -€1,246
down €1,246 (-23.4%), from €5,336 to €4,090
mainly Current portion of long-term debt (-€15,866) and Receivables within one year (-€3,530)
- Current portion of long-term debt -€15,866
no longer reported in 2025 (was €15,866)
- Accrued charges and deferred income +€7,916
new in 2025: €7,916
- Profit (loss) carried forward +€7,262
up €7,262 (+6.0%), from -€120,651 to -€113,389
- Other debts -€3,175
down €3,175 (-6.4%), from €49,612 to €46,437
- Trade debts -€1,553
down €1,553 (-25.4%), from €6,115 to €4,562
- Gross operating margin +€26,495
up €26,495 (+76.5%), from €34,647 to €61,142
- Staff costs +€5,817
up €5,817 (+15.1%), from €38,511 to €44,329
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 | €61,424 | €55,041 | -€6,382 | -10.4% |
| Fixed assets | 21/28 | €28,357 | €21,126 | -€7,231 | -25.5% |
| Tangible fixed assets | 22/27 | €28,357 | €21,126 | -€7,231 | -25.5% |
| Plant, machinery and equipment | 23 | €28,357 | €21,126 | -€7,231 | -25.5% |
| Current assets | 29/58 | €33,067 | €33,916 | +€849 | +2.6% |
| Stocks and contracts in progress | 3 | €18,889 | €21,273 | +€2,384 | +12.6% |
| Stocks | 30/36 | €18,889 | €21,273 | +€2,384 | +12.6% |
| Amounts receivable within one year | 40/41 | €2,626 | €6,156 | +€3,530 | +134.4% |
| Trade receivables | 40 | €2,626 | €6,156 | +€3,530 | +134.4% |
| Cash at bank and in hand | 54/58 | €5,336 | €4,090 | -€1,246 | -23.4% |
| Deferred charges and accrued income | 490/1 | €6,216 | €2,397 | -€3,819 | -61.4% |
| Total equity and liabilities | 10/49 | €61,424 | €55,041 | -€6,382 | -10.4% |
| Equity | 10/15 | -€20,651 | -€13,389 | +€7,262 | +35.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Outside capital | 11 | €100,000 | €100,000 | = | 0.0% |
| Other | 1109/19 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,651 | -€113,389 | +€7,262 | +6.0% |
| Amounts payable | 17/49 | €82,075 | €68,431 | -€13,644 | -16.6% |
| Amounts payable after more than one year | 17 | €696 | - | -€696 | |
| Financial debts | 170/4 | €696 | - | -€696 | |
| Amounts payable within one year | 42/48 | €81,378 | €60,515 | -€20,864 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €15,866 | - | -€15,866 | |
| Trade debts | 44 | €6,115 | €4,562 | -€1,553 | -25.4% |
| Suppliers | 440/4 | €6,115 | €4,562 | -€1,553 | -25.4% |
| Taxes, remuneration and social security | 45 | €9,785 | €9,516 | -€269 | -2.8% |
| Taxes | 450/3 | €3,606 | €1,387 | -€2,219 | -61.5% |
| Remuneration and social security | 454/9 | €6,179 | €8,129 | +€1,950 | +31.6% |
| Other amounts payable | 47/48 | €49,612 | €46,437 | -€3,175 | -6.4% |
| Accrued charges and deferred income | 492/3 | - | €7,916 | +€7,916 | |
| Non-recurring operating income | 76A | €113 | €65 | -€48 | -42.5% |
| Remuneration, social security and pensions | 62 | €38,511 | €44,329 | +€5,817 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,231 | €7,231 | = | 0.0% |
| Other operating charges | 640/8 | €590 | €314 | -€276 | -46.8% |
| Non-recurring operating charges | 66A | €4,826 | €1,154 | -€3,672 | -76.1% |
| Gross operating margin | 9900 | €34,647 | €61,142 | +€26,495 | +76.5% |
| Operating profit (loss) | 9901 | -€16,511 | €8,114 | +€24,625 | |
| Financial income | 75/76B | €0 | €191 | +€191 | +381480.0% |
| Recurring financial income | 75 | €0 | €191 | +€191 | +381480.0% |
| Financial charges | 65/66B | €1,242 | €1,043 | -€199 | -16.0% |
| Recurring financial charges | 65 | €1,242 | €1,043 | -€199 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,753 | €7,262 | +€25,015 | |
| Profit (loss) for the period | 9904 | -€17,753 | €7,262 | +€25,015 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,753 | €7,262 | +€25,015 |
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 30 September 2026 via checked.be.