ALTEXCO: 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.
ALTEXCO
Largest movements
- Tangible fixed assets -€7,461
down €7,461 (-33.7%), from €22,161 to €14,700
- Cash +€1,334
up €1,334 (+28.9%), from €4,614 to €5,948
mainly Other debts (+€8,311) and Depreciation (+€7,461)
- Profit (loss) carried forward -€10,485
down €10,485 (-4.4%), from -€240,649 to -€251,134
- Other debts +€8,311
up €8,311 (+32.4%), from €25,618 to €33,929
- Debts after one year -€4,301
down €4,301 (-6.4%), from €67,713 to €63,412
of which Financial debts: -€4,301
- Gross operating margin -€11,039
down €11,039, from €10,949 to -€91
- Depreciation -€2,117
down €2,117 (-22.1%), from €9,578 to €7,461
- Financial charges +€432
up €432 (+61.8%), from €700 to €1,132
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 | €26,919 | €20,647 | -€6,272 | -23.3% |
| Fixed assets | 21/28 | €22,161 | €14,700 | -€7,461 | -33.7% |
| Tangible fixed assets | 22/27 | €22,161 | €14,700 | -€7,461 | -33.7% |
| Land and buildings | 22 | €22,161 | €14,700 | -€7,461 | -33.7% |
| Current assets | 29/58 | €4,758 | €5,948 | +€1,189 | +25.0% |
| Cash at bank and in hand | 54/58 | €4,614 | €5,948 | +€1,334 | +28.9% |
| Deferred charges and accrued income | 490/1 | €144 | - | -€144 | |
| Total equity and liabilities | 10/49 | €26,919 | €20,647 | -€6,272 | -23.3% |
| Equity | 10/15 | -€70,649 | -€81,134 | -€10,485 | -14.8% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Outside capital | 11 | €170,000 | €170,000 | = | 0.0% |
| Other | 1109/19 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€240,649 | -€251,134 | -€10,485 | -4.4% |
| Amounts payable | 17/49 | €97,568 | €101,781 | +€4,213 | +4.3% |
| Amounts payable after more than one year | 17 | €67,713 | €63,412 | -€4,301 | -6.4% |
| Financial debts | 170/4 | €17,713 | €13,412 | -€4,301 | -24.3% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,855 | €38,369 | +€8,514 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €4,093 | €4,301 | +€208 | +5.1% |
| Trade debts | 44 | €144 | €139 | -€5 | -3.6% |
| Suppliers | 440/4 | €144 | €139 | -€5 | -3.6% |
| Other amounts payable | 47/48 | €25,618 | €33,929 | +€8,311 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,578 | €7,461 | -€2,117 | -22.1% |
| Other operating charges | 640/8 | €1,746 | €1,800 | +€55 | +3.1% |
| Gross operating margin | 9900 | €10,949 | -€91 | -€11,039 | |
| Operating profit (loss) | 9901 | -€376 | -€9,352 | -€8,977 | -2390.3% |
| Financial charges | 65/66B | €700 | €1,132 | +€432 | +61.8% |
| Recurring financial charges | 65 | €700 | €1,132 | +€432 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,076 | -€10,485 | -€9,409 | -874.9% |
| Profit (loss) for the period | 9904 | -€1,076 | -€10,485 | -€9,409 | -874.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,076 | -€10,485 | -€9,409 | -874.9% |
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.