ALTHAUS: 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.
ALTHAUS
Largest movements
- Cash -€21,868
down €21,868 (-57.6%), from €37,964 to €16,096
mainly Other debts (-€33,507) and Debts after one year (-€5,976)
- Tangible fixed assets -€10,235
down €10,235 (-38.5%), from €26,567 to €16,332
- Deferred charges and accrued income -€1,660
down €1,660 (-84.6%), from €1,962 to €303
- Other debts -€33,507
down €33,507 (-100.0%), from €33,507 to €0
- Profit (loss) carried forward +€11,961
up €11,961 (+956.4%), from €1,251 to €13,211
- Debts after one year -€5,976
down €5,976 (-37.6%), from €15,903 to €9,926
- Trade debts -€5,812
down €5,812 (-58.0%), from €10,025 to €4,213
- Tax, wage and social debts -€1,960
down €1,960 (-12.7%), from €15,491 to €13,531
of which Taxes: -€1,960
- Other operating charges -€5,817
down €5,817 (-66.9%), from €8,689 to €2,872
- Depreciation +€5,403
up €5,403 (+107.0%), from €5,051 to €10,454
- Taxes +€3,968
up €3,968 (+122.6%), from €3,235 to €7,203
- Gross operating margin +€3,175
up €3,175 (+9.6%), from €33,218 to €36,393
- Financial charges +€479
up €479 (+13.6%), from €3,511 to €3,990
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 | €86,936 | €53,581 | -€33,354 | -38.4% |
| Formation expenses | 20 | €433 | €214 | -€219 | -50.6% |
| Fixed assets | 21/28 | €26,567 | €16,332 | -€10,235 | -38.5% |
| Tangible fixed assets | 22/27 | €26,567 | €16,332 | -€10,235 | -38.5% |
| Furniture and vehicles | 24 | €26,567 | €16,332 | -€10,235 | -38.5% |
| Current assets | 29/58 | €59,935 | €37,035 | -€22,900 | -38.2% |
| Amounts receivable within one year | 40/41 | €20,009 | €20,637 | +€628 | +3.1% |
| Trade receivables | 40 | €20,009 | €16,834 | -€3,175 | -15.9% |
| Other amounts receivable | 41 | €0 | €3,803 | +€3,803 | |
| Cash at bank and in hand | 54/58 | €37,964 | €16,096 | -€21,868 | -57.6% |
| Deferred charges and accrued income | 490/1 | €1,962 | €303 | -€1,660 | -84.6% |
| Total equity and liabilities | 10/49 | €86,936 | €53,581 | -€33,354 | -38.4% |
| Equity | 10/15 | €6,251 | €18,211 | +€11,961 | +191.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,251 | €13,211 | +€11,961 | +956.4% |
| Amounts payable | 17/49 | €80,685 | €35,370 | -€45,315 | -56.2% |
| Amounts payable after more than one year | 17 | €15,903 | €9,926 | -€5,976 | -37.6% |
| Financial debts | 170/4 | €15,903 | €9,926 | -€5,976 | -37.6% |
| Amounts payable within one year | 42/48 | €64,783 | €23,720 | -€41,062 | -63.4% |
| Current portion of amounts payable after more than one year | 42 | €5,760 | €5,976 | +€217 | +3.8% |
| Trade debts | 44 | €10,025 | €4,213 | -€5,812 | -58.0% |
| Suppliers | 440/4 | €10,025 | €4,213 | -€5,812 | -58.0% |
| Taxes, remuneration and social security | 45 | €15,491 | €13,531 | -€1,960 | -12.7% |
| Taxes | 450/3 | €15,491 | €13,531 | -€1,960 | -12.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €33,507 | €0 | -€33,507 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,724 | +€1,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,051 | €10,454 | +€5,403 | +107.0% |
| Other operating charges | 640/8 | €8,689 | €2,872 | -€5,817 | -66.9% |
| Gross operating margin | 9900 | €33,218 | €36,393 | +€3,175 | +9.6% |
| Operating profit (loss) | 9901 | €19,478 | €23,067 | +€3,589 | +18.4% |
| Financial income | 75/76B | €0 | €87 | +€87 | |
| Recurring financial income | 75 | €0 | €87 | +€87 | |
| Financial charges | 65/66B | €3,511 | €3,990 | +€479 | +13.6% |
| Recurring financial charges | 65 | €3,511 | €3,990 | +€479 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €15,967 | €19,164 | +€3,197 | +20.0% |
| Income taxes | 67/77 | €3,235 | €7,203 | +€3,968 | +122.6% |
| Profit (loss) for the period | 9904 | €12,732 | €11,961 | -€771 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,732 | €11,961 | -€771 | -6.1% |
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 10 October 2026 via checked.be.