ALTEX GROUP: 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.
ALTEX GROUP
Largest movements
- Receivables within one year -€13,775
down €13,775 (-23.6%), from €58,271 to €44,496
of which Trade receivables: -€18,623
- Tangible fixed assets -€3,310
down €3,310 (-18.6%), from €17,796 to €14,486
- Cash -€899
down €899 (-17.7%), from €5,074 to €4,175
mainly Tax, wage and social debts (-€12,381) and Debts after one year (-€8,390)
- Tax, wage and social debts -€12,381
down €12,381 (-26.4%), from €46,940 to €34,559
of which Taxes: -€6,849
- Debts after one year -€8,390
down €8,390 (-69.9%), from €12,006 to €3,616
- Trade debts +€4,399
up €4,399 (+18.0%), from €24,446 to €28,845
- Accrued charges and deferred income -€1,815
no longer reported in 2024 (was €1,815)
- Staff costs -€75,393
down €75,393 (-30.1%), from €250,748 to €175,355
- Gross operating margin -€43,639
down €43,639 (-19.3%), from €226,264 to €182,625
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,246 | €63,157 | -€18,089 | -22.3% |
| Fixed assets | 21/28 | €17,796 | €14,486 | -€3,310 | -18.6% |
| Tangible fixed assets | 22/27 | €17,796 | €14,486 | -€3,310 | -18.6% |
| Furniture and vehicles | 24 | €17,796 | €14,486 | -€3,310 | -18.6% |
| Current assets | 29/58 | €63,450 | €48,671 | -€14,779 | -23.3% |
| Amounts receivable within one year | 40/41 | €58,271 | €44,496 | -€13,775 | -23.6% |
| Trade receivables | 40 | €51,201 | €32,578 | -€18,623 | -36.4% |
| Other amounts receivable | 41 | €7,070 | €11,918 | +€4,848 | +68.6% |
| Cash at bank and in hand | 54/58 | €5,074 | €4,175 | -€899 | -17.7% |
| Deferred charges and accrued income | 490/1 | €105 | - | -€105 | |
| Total equity and liabilities | 10/49 | €81,246 | €63,157 | -€18,089 | -22.3% |
| Equity | 10/15 | -€11,961 | -€12,253 | -€292 | -2.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,961 | -€14,253 | -€292 | -2.1% |
| Amounts payable | 17/49 | €93,207 | €75,410 | -€17,797 | -19.1% |
| Amounts payable after more than one year | 17 | €12,006 | €3,616 | -€8,390 | -69.9% |
| Financial debts | 170/4 | €12,006 | €3,616 | -€8,390 | -69.9% |
| Amounts payable within one year | 42/48 | €79,386 | €71,794 | -€7,592 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €8,390 | +€390 | +4.9% |
| Trade debts | 44 | €24,446 | €28,845 | +€4,399 | +18.0% |
| Suppliers | 440/4 | €24,446 | €28,845 | +€4,399 | +18.0% |
| Taxes, remuneration and social security | 45 | €46,940 | €34,559 | -€12,381 | -26.4% |
| Taxes | 450/3 | €20,058 | €13,209 | -€6,849 | -34.1% |
| Remuneration and social security | 454/9 | €26,882 | €21,350 | -€5,532 | -20.6% |
| Accrued charges and deferred income | 492/3 | €1,815 | - | -€1,815 | |
| Remuneration, social security and pensions | 62 | €250,748 | €175,355 | -€75,393 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,452 | €4,379 | +€1,927 | +78.6% |
| Other operating charges | 640/8 | €1,635 | €2,172 | +€537 | +32.8% |
| Gross operating margin | 9900 | €226,264 | €182,625 | -€43,639 | -19.3% |
| Operating profit (loss) | 9901 | -€28,571 | €719 | +€29,290 | |
| Financial income | 75/76B | €123 | €461 | +€338 | +274.8% |
| Recurring financial income | 75 | €123 | €461 | +€338 | +274.8% |
| Financial charges | 65/66B | €1,309 | €1,472 | +€163 | +12.5% |
| Recurring financial charges | 65 | €1,309 | €1,472 | +€163 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,757 | -€292 | +€29,465 | +99.0% |
| Profit (loss) for the period | 9904 | -€29,757 | -€292 | +€29,465 | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,757 | -€292 | +€29,465 | +99.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.