ALTHE 77: 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.
ALTHE 77
Largest movements
- Stocks and contracts -€34,500
down €34,500 (-100%), from €34,500 to €0
- Cash +€23,174
up €23,174 (+10,973%), from €211 to €23,385
mainly Stocks and contracts (+€34,500) and Net result for the year (+€26,075)
- Receivables within one year -€6,936
down €6,936 (-32.9%), from €21,051 to €14,116
of which Trade receivables: -€4,964
- Other debts -€44,714
down €44,714 (-31.3%), from €142,676 to €97,961
- Profit (loss) carried forward +€26,075
up €26,075 (+35.8%), from -€72,793 to -€46,718
- Trade debts -€3,847
down €3,847 (-10.5%), from €36,521 to €32,675
- Tax, wage and social debts +€3,672
new in 2024: €3,672
- Gross operating margin +€95,140
up €95,140, from -€18,655 to €76,485
- Staff costs +€47,905
new in 2024: €47,905
- Financial charges +€1,828
up €1,828 (+5,345%), from €34 to €1,863
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.
Derived cash bridge
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 | €126,404 | €107,590 | -€18,815 | -14.9% |
| Fixed assets | 21/28 | €70,642 | €70,089 | -€553 | -0.8% |
| Intangible fixed assets | 21 | €70,000 | €70,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €642 | €0 | -€642 | -100% |
| Furniture and vehicles | 24 | €642 | €0 | -€642 | -100% |
| Financial fixed assets | 28 | - | €89 | +€89 | |
| Current assets | 29/58 | €55,762 | €37,501 | -€18,262 | -32.7% |
| Stocks and contracts in progress | 3 | €34,500 | €0 | -€34,500 | -100% |
| Stocks | 30/36 | €34,500 | €0 | -€34,500 | -100% |
| Amounts receivable within one year | 40/41 | €21,051 | €14,116 | -€6,936 | -32.9% |
| Trade receivables | 40 | €13,506 | €8,542 | -€4,964 | -36.8% |
| Other amounts receivable | 41 | €7,545 | €5,573 | -€1,972 | -26.1% |
| Cash at bank and in hand | 54/58 | €211 | €23,385 | +€23,174 | +10,973% |
| Total equity and liabilities | 10/49 | €126,404 | €107,590 | -€18,815 | -14.9% |
| Equity | 10/15 | -€52,793 | -€26,718 | +€26,075 | +49.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,793 | -€46,718 | +€26,075 | +35.8% |
| Amounts payable | 17/49 | €179,197 | €134,308 | -€44,889 | -25.1% |
| Amounts payable within one year | 42/48 | €179,197 | €134,308 | -€44,889 | -25.1% |
| Trade debts | 44 | €36,521 | €32,675 | -€3,847 | -10.5% |
| Suppliers | 440/4 | €36,521 | €32,675 | -€3,847 | -10.5% |
| Taxes, remuneration and social security | 45 | - | €3,672 | +€3,672 | |
| Taxes | 450/3 | - | €3,672 | +€3,672 | |
| Other amounts payable | 47/48 | €142,676 | €97,961 | -€44,714 | -31.3% |
| Remuneration, social security and pensions | 62 | - | €47,905 | +€47,905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642 | €642 | -€0 | 0.0% |
| Gross operating margin | 9900 | -€18,655 | €76,485 | +€95,140 | |
| Operating profit (loss) | 9901 | -€19,297 | €27,937 | +€47,235 | |
| Financial charges | 65/66B | €34 | €1,863 | +€1,828 | +5,345% |
| Recurring financial charges | 65 | €34 | €1,863 | +€1,828 | +5,345% |
| Profit (loss) for the period before taxes | 9903 | -€19,332 | €26,075 | +€45,406 | |
| Profit (loss) for the period | 9904 | -€19,332 | €26,075 | +€45,406 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,332 | €26,075 | +€45,406 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.