ALTHEA PLUS: 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.
ALTHEA PLUS
Largest movements
- Receivables within one year +€25,774
up €25,774 (+291.4%), from €8,844 to €34,618
of which Other amounts receivable: +€17,152
- Tangible fixed assets -€11,157
down €11,157 (-90.6%), from €12,313 to €1,156
of which Furniture and vehicles: -€10,731
- Cash -€441
down €441 (-59.1%), from €746 to €305
mainly Receivables within one year (-€25,774) and Debts after one year (-€8,580)
- Profit (loss) carried forward +€19,128
up €19,128, from -€16,771 to €2,356
- Debts after one year -€8,580
down €8,580 (-92.3%), from €9,295 to €715
- Trade debts +€5,875
up €5,875 (+771.3%), from €762 to €6,637
- Short-term financial debts -€1,054
down €1,054 (-21.1%), from €4,998 to €3,944
- Tax, wage and social debts -€1,038
down €1,038 (-11.9%), from €8,684 to €7,647
of which Remuneration and social security: -€3,600
- Gross operating margin +€17,935
up €17,935 (+115.0%), from €15,595 to €33,529
- Taxes +€1,056
new in 2025: €1,056
- Other operating charges -€1,051
down €1,051 (-50.7%), from €2,073 to €1,021
- Depreciation -€397
down €397 (-3.4%), from €11,554 to €11,157
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 | €21,903 | €36,079 | +€14,176 | +64.7% |
| Fixed assets | 21/28 | €12,313 | €1,156 | -€11,157 | -90.6% |
| Tangible fixed assets | 22/27 | €12,313 | €1,156 | -€11,157 | -90.6% |
| Plant, machinery and equipment | 23 | €687 | €261 | -€426 | -62.0% |
| Furniture and vehicles | 24 | €11,625 | €894 | -€10,731 | -92.3% |
| Current assets | 29/58 | €9,590 | €34,923 | +€25,333 | +264.2% |
| Amounts receivable within one year | 40/41 | €8,844 | €34,618 | +€25,774 | +291.4% |
| Trade receivables | 40 | €8,844 | €17,466 | +€8,622 | +97.5% |
| Other amounts receivable | 41 | - | €17,152 | +€17,152 | |
| Cash at bank and in hand | 54/58 | €746 | €305 | -€441 | -59.1% |
| Total equity and liabilities | 10/49 | €21,903 | €36,079 | +€14,176 | +64.7% |
| Equity | 10/15 | -€10,571 | €8,556 | +€19,128 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,771 | €2,356 | +€19,128 | |
| Amounts payable | 17/49 | €32,474 | €27,523 | -€4,952 | -15.2% |
| Amounts payable after more than one year | 17 | €9,295 | €715 | -€8,580 | -92.3% |
| Financial debts | 170/4 | €9,295 | €715 | -€8,580 | -92.3% |
| Amounts payable within one year | 42/48 | €23,179 | €26,808 | +€3,628 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €8,580 | €8,580 | = | 0.0% |
| Financial debts | 43 | €4,998 | €3,944 | -€1,054 | -21.1% |
| Credit institutions | 430/8 | €4,998 | €3,944 | -€1,054 | -21.1% |
| Trade debts | 44 | €762 | €6,637 | +€5,875 | +771.3% |
| Suppliers | 440/4 | €762 | €6,637 | +€5,875 | +771.3% |
| Taxes, remuneration and social security | 45 | €8,684 | €7,647 | -€1,038 | -11.9% |
| Taxes | 450/3 | €5,084 | €7,647 | +€2,562 | +50.4% |
| Remuneration and social security | 454/9 | €3,600 | - | -€3,600 | |
| Other amounts payable | 47/48 | €155 | - | -€155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,554 | €11,157 | -€397 | -3.4% |
| Other operating charges | 640/8 | €2,073 | €1,021 | -€1,051 | -50.7% |
| Gross operating margin | 9900 | €15,595 | €33,529 | +€17,935 | +115.0% |
| Operating profit (loss) | 9901 | €1,968 | €21,351 | +€19,383 | +984.9% |
| Financial charges | 65/66B | €1,225 | €1,167 | -€58 | -4.7% |
| Recurring financial charges | 65 | €1,225 | €1,167 | -€58 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €743 | €20,183 | +€19,440 | +2616.4% |
| Income taxes | 67/77 | - | €1,056 | +€1,056 | |
| Profit (loss) for the period | 9904 | €743 | €19,128 | +€18,385 | +2474.3% |
| Profit (loss) for the period to be appropriated | 9905 | €743 | €19,128 | +€18,385 | +2474.3% |
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.