ALTERYS: 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.
ALTERYS
Largest movements
- Cash +€55,864
up €55,864 (+20.8%), from €268,813 to €324,677
mainly Other debts (+€44,474) and Trade debts (+€32,790)
- Receivables within one year +€26,714
up €26,714 (+11.6%), from €230,927 to €257,641
of which Trade receivables: +€14,839
- Tangible fixed assets -€14,403
down €14,403 (-49.2%), from €29,285 to €14,882
of which Furniture and vehicles: -€13,403
- Other debts +€44,474
up €44,474 (+33.4%), from €133,293 to €177,767
- Trade debts +€32,790
up €32,790 (+10.2%), from €322,954 to €355,744
- Debts after one year -€8,366
down €8,366 (-37.0%), from €22,615 to €14,249
- Tax, wage and social debts +€6,168
up €6,168 (+58.9%), from €10,466 to €16,634
of which Taxes: +€14,070
- Staff costs -€8,952
down €8,952 (-18.6%), from €48,020 to €39,068
- Gross operating margin -€4,566
down €4,566 (-5.1%), from €89,116 to €84,550
- Taxes +€4,347
up €4,347 (+472%), from €922 to €5,269
- Other operating charges -€4,161
down €4,161 (-15.3%), from €27,197 to €23,036
- Write-downs +€3,584
no longer reported in 2025 (was -€3,584)
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 | €529,829 | €605,021 | +€75,191 | +14.2% |
| Formation expenses | 20 | - | €2,800 | +€2,800 | |
| Fixed assets | 21/28 | €29,885 | €15,482 | -€14,403 | -48.2% |
| Tangible fixed assets | 22/27 | €29,285 | €14,882 | -€14,403 | -49.2% |
| Plant, machinery and equipment | 23 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Furniture and vehicles | 24 | €25,285 | €11,882 | -€13,403 | -53.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €499,945 | €586,738 | +€86,794 | +17.4% |
| Amounts receivable within one year | 40/41 | €230,927 | €257,641 | +€26,714 | +11.6% |
| Trade receivables | 40 | €225,225 | €240,064 | +€14,839 | +6.6% |
| Other amounts receivable | 41 | €5,703 | €17,577 | +€11,874 | +208% |
| Cash at bank and in hand | 54/58 | €268,813 | €324,677 | +€55,864 | +20.8% |
| Deferred charges and accrued income | 490/1 | €204 | €4,420 | +€4,215 | +2,063% |
| Total equity and liabilities | 10/49 | €529,829 | €605,021 | +€75,191 | +14.2% |
| Equity | 10/15 | €32,500 | €32,500 | = | 0.0% |
| Contributions | 10/11 | €32,500 | €32,500 | = | 0.0% |
| Amounts payable | 17/49 | €497,329 | €572,521 | +€75,191 | +15.1% |
| Amounts payable after more than one year | 17 | €22,615 | €14,249 | -€8,366 | -37.0% |
| Financial debts | 170/4 | €22,615 | €14,249 | -€8,366 | -37.0% |
| Amounts payable within one year | 42/48 | €474,715 | €558,271 | +€83,557 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €8,001 | €8,126 | +€125 | +1.6% |
| Trade debts | 44 | €322,954 | €355,744 | +€32,790 | +10.2% |
| Suppliers | 440/4 | €322,954 | €355,744 | +€32,790 | +10.2% |
| Taxes, remuneration and social security | 45 | €10,466 | €16,634 | +€6,168 | +58.9% |
| Taxes | 450/3 | €2,564 | €16,634 | +€14,070 | +549% |
| Remuneration and social security | 454/9 | €7,902 | - | -€7,902 | |
| Other amounts payable | 47/48 | €133,293 | €177,767 | +€44,474 | +33.4% |
| Remuneration, social security and pensions | 62 | €48,020 | €39,068 | -€8,952 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,970 | €15,968 | -€2 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,584 | - | +€3,584 | |
| Other operating charges | 640/8 | €27,197 | €23,036 | -€4,161 | -15.3% |
| Gross operating margin | 9900 | €89,116 | €84,550 | -€4,566 | -5.1% |
| Operating profit (loss) | 9901 | €1,512 | €6,478 | +€4,966 | +328% |
| Financial income | 75/76B | €444 | €147 | -€297 | -66.8% |
| Recurring financial income | 75 | €444 | €147 | -€297 | -66.8% |
| Financial charges | 65/66B | €1,034 | €1,356 | +€322 | +31.1% |
| Recurring financial charges | 65 | €1,034 | €1,356 | +€322 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €922 | €5,269 | +€4,347 | +472% |
| Income taxes | 67/77 | €922 | €5,269 | +€4,347 | +472% |
| Profit (loss) for the period | 9904 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €0 | = |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.