ALTERWAYS: 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.
ALTERWAYS
Largest movements
- Receivables within one year +€17,364
up €17,364 (+100.0%), from €17,364 to €34,727
- Cash +€2,330
up €2,330 (+6.8%), from €34,483 to €36,813
mainly Net result for the year (+€82,413) and Other debts (+€20,000)
- Other debts +€20,000
up €20,000 (+99.8%), from €20,031 to €40,031
- Tax, wage and social debts -€1,529
down €1,529 (-11.5%), from €13,285 to €11,757
- Trade debts +€769
new in 2025: €769
- Gross operating margin -€5,175
down €5,175 (-4.7%), from €109,272 to €104,097
- Taxes -€1,288
down €1,288 (-5.8%), from €22,380 to €21,092
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 | €52,387 | €72,040 | +€19,653 | +37.5% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €51,887 | €71,540 | +€19,653 | +37.9% |
| Amounts receivable within one year | 40/41 | €17,364 | €34,727 | +€17,364 | +100.0% |
| Trade receivables | 40 | €17,364 | €34,727 | +€17,364 | +100.0% |
| Cash at bank and in hand | 54/58 | €34,483 | €36,813 | +€2,330 | +6.8% |
| Deferred charges and accrued income | 490/1 | €40 | €0 | -€40 | -100.0% |
| Total equity and liabilities | 10/49 | €52,387 | €72,040 | +€19,653 | +37.5% |
| Equity | 10/15 | €19,071 | €19,483 | +€413 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €471 | €883 | +€413 | +87.7% |
| Amounts payable | 17/49 | €33,316 | €52,556 | +€19,240 | +57.8% |
| Amounts payable within one year | 42/48 | €33,316 | €52,556 | +€19,240 | +57.8% |
| Trade debts | 44 | - | €769 | +€769 | |
| Suppliers | 440/4 | - | €769 | +€769 | |
| Taxes, remuneration and social security | 45 | €13,285 | €11,757 | -€1,529 | -11.5% |
| Taxes | 450/3 | €13,285 | €11,757 | -€1,529 | -11.5% |
| Other amounts payable | 47/48 | €20,031 | €40,031 | +€20,000 | +99.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €109,272 | €104,097 | -€5,175 | -4.7% |
| Operating profit (loss) | 9901 | €108,885 | €103,697 | -€5,188 | -4.8% |
| Financial charges | 65/66B | €98 | €192 | +€94 | +95.2% |
| Recurring financial charges | 65 | €98 | €192 | +€94 | +95.2% |
| Profit (loss) for the period before taxes | 9903 | €108,787 | €103,505 | -€5,282 | -4.9% |
| Income taxes | 67/77 | €22,380 | €21,092 | -€1,288 | -5.8% |
| Profit (loss) for the period | 9904 | €86,406 | €82,413 | -€3,994 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,406 | €82,413 | -€3,994 | -4.6% |
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 2 October 2026 via checked.be.