ALTHEHA: 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.
ALTHEHA
Largest movements
- Cash +€24,022
up €24,022 (+33.5%), from €71,602 to €95,624
mainly Net result for the year (+€13,901) and Tax, wage and social debts (+€4,857)
- Receivables within one year -€4,580
down €4,580 (-44.1%), from €10,393 to €5,813
of which Trade receivables: -€4,585
- Profit (loss) carried forward +€13,901
up €13,901 (+20.8%), from €66,842 to €80,743
- Tax, wage and social debts +€4,857
up €4,857 (+36.1%), from €13,454 to €18,311
of which Taxes: +€13,113
- Gross operating margin -€20,930
down €20,930 (-50.3%), from €41,615 to €20,685
- Taxes -€3,299
down €3,299 (-39.6%), from €8,325 to €5,026
- Financial charges -€423
down €423 (-21.8%), from €1,936 to €1,513
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.
Derived cash bridge
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 | €82,829 | €102,350 | +€19,521 | +23.6% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €82,829 | €102,350 | +€19,521 | +23.6% |
| Amounts receivable within one year | 40/41 | €10,393 | €5,813 | -€4,580 | -44.1% |
| Trade receivables | 40 | €10,393 | €5,808 | -€4,585 | -44.1% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €71,602 | €95,624 | +€24,022 | +33.5% |
| Deferred charges and accrued income | 490/1 | €835 | €914 | +€79 | +9.5% |
| Total equity and liabilities | 10/49 | €82,829 | €102,350 | +€19,521 | +23.6% |
| Equity | 10/15 | €68,842 | €82,743 | +€13,901 | +20.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,842 | €80,743 | +€13,901 | +20.8% |
| Amounts payable | 17/49 | €13,987 | €19,608 | +€5,620 | +40.2% |
| Amounts payable within one year | 42/48 | €13,987 | €19,608 | +€5,620 | +40.2% |
| Trade debts | 44 | €453 | €1,137 | +€684 | +151% |
| Suppliers | 440/4 | €453 | €1,137 | +€684 | +151% |
| Taxes, remuneration and social security | 45 | €13,454 | €18,311 | +€4,857 | +36.1% |
| Taxes | 450/3 | €5,198 | €18,311 | +€13,113 | +252% |
| Remuneration and social security | 454/9 | €8,256 | - | -€8,256 | |
| Other amounts payable | 47/48 | €81 | €160 | +€79 | +98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €0 | -€295 | -100% |
| Other operating charges | 640/8 | €1,067 | €701 | -€366 | -34.3% |
| Gross operating margin | 9900 | €41,615 | €20,685 | -€20,930 | -50.3% |
| Operating profit (loss) | 9901 | €40,253 | €19,984 | -€20,269 | -50.4% |
| Financial income | 75/76B | €232 | €455 | +€224 | +96.5% |
| Recurring financial income | 75 | €232 | €455 | +€224 | +96.5% |
| Financial charges | 65/66B | €1,936 | €1,513 | -€423 | -21.8% |
| Recurring financial charges | 65 | €1,936 | €1,513 | -€423 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €38,549 | €18,927 | -€19,623 | -50.9% |
| Income taxes | 67/77 | €8,325 | €5,026 | -€3,299 | -39.6% |
| Profit (loss) for the period | 9904 | €30,224 | €13,901 | -€16,323 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,224 | €13,901 | -€16,323 | -54.0% |
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 16 October 2026 via checked.be.