Altery: 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.
Altery
Largest movements
- Receivables within one year -€26,566
down €26,566 (-70.3%), from €37,809 to €11,243
of which Trade receivables: -€30,470
- Tangible fixed assets -€10,861
down €10,861 (-24.8%), from €43,796 to €32,935
of which Furniture and vehicles: -€9,387
- Debts after one year -€17,226
down €17,226 (-46.2%), from €37,247 to €20,022
- Tax, wage and social debts -€6,304
down €6,304 (-65.9%), from €9,563 to €3,259
- Reserves -€5,000
down €5,000 (-16.7%), from €30,000 to €25,000
- Profit (loss) carried forward -€4,344
down €4,344 (-94.7%), from €4,586 to €242
- Other debts -€4,041
down €4,041 (-32.3%), from €12,506 to €8,464
- Gross operating margin -€102,706
down €102,706 (-96.0%), from €106,981 to €4,274
- Staff costs -€52,964
no longer reported in 2025 (was €52,964)
- Taxes -€5,542
down €5,542 (-97.7%), from €5,674 to €132
- Depreciation +€3,544
up €3,544 (+58.0%), from €6,113 to €9,658
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 | €122,121 | €85,452 | -€36,668 | -30.0% |
| Fixed assets | 21/28 | €43,796 | €32,935 | -€10,861 | -24.8% |
| Tangible fixed assets | 22/27 | €43,796 | €32,935 | -€10,861 | -24.8% |
| Plant, machinery and equipment | 23 | €2,222 | €749 | -€1,473 | -66.3% |
| Furniture and vehicles | 24 | €41,573 | €32,186 | -€9,387 | -22.6% |
| Current assets | 29/58 | €78,325 | €52,518 | -€25,807 | -32.9% |
| Amounts receivable within one year | 40/41 | €37,809 | €11,243 | -€26,566 | -70.3% |
| Trade receivables | 40 | €35,829 | €5,359 | -€30,470 | -85.0% |
| Other amounts receivable | 41 | €1,980 | €5,884 | +€3,904 | +197.2% |
| Cash at bank and in hand | 54/58 | €40,139 | €41,014 | +€875 | +2.2% |
| Deferred charges and accrued income | 490/1 | €376 | €260 | -€117 | -31.0% |
| Total equity and liabilities | 10/49 | €122,121 | €85,452 | -€36,668 | -30.0% |
| Equity | 10/15 | €39,586 | €30,242 | -€9,344 | -23.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Distributable reserves | 133 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Profit (loss) carried forward | 14 | €4,586 | €242 | -€4,344 | -94.7% |
| Amounts payable | 17/49 | €82,535 | €55,210 | -€27,325 | -33.1% |
| Amounts payable after more than one year | 17 | €37,247 | €20,022 | -€17,226 | -46.2% |
| Financial debts | 170/4 | €37,247 | €20,022 | -€17,226 | -46.2% |
| Amounts payable within one year | 42/48 | €45,287 | €35,188 | -€10,099 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €15,885 | €17,226 | +€1,341 | +8.4% |
| Trade debts | 44 | €7,334 | €6,239 | -€1,094 | -14.9% |
| Suppliers | 440/4 | €7,334 | €6,239 | -€1,094 | -14.9% |
| Taxes, remuneration and social security | 45 | €9,563 | €3,259 | -€6,304 | -65.9% |
| Taxes | 450/3 | €9,563 | €3,259 | -€6,304 | -65.9% |
| Other amounts payable | 47/48 | €12,506 | €8,464 | -€4,041 | -32.3% |
| Non-recurring operating income | 76A | - | €2,035 | +€2,035 | |
| Remuneration, social security and pensions | 62 | €52,964 | - | -€52,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,113 | €9,658 | +€3,544 | +58.0% |
| Other operating charges | 640/8 | €1,151 | €1,014 | -€137 | -11.9% |
| Gross operating margin | 9900 | €106,981 | €4,274 | -€102,706 | -96.0% |
| Operating profit (loss) | 9901 | €46,752 | -€6,397 | -€53,149 | |
| Financial income | 75/76B | €43 | - | -€43 | |
| Recurring financial income | 75 | €43 | - | -€43 | |
| Financial charges | 65/66B | €2,718 | €2,814 | +€96 | +3.5% |
| Recurring financial charges | 65 | €2,718 | €2,814 | +€96 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €44,077 | -€9,212 | -€53,288 | |
| Income taxes | 67/77 | €5,674 | €132 | -€5,542 | -97.7% |
| Profit (loss) for the period | 9904 | €38,402 | -€9,344 | -€47,746 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,402 | -€9,344 | -€47,746 |
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 5 October 2026 via checked.be.