ALTHEO & CO: 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.
ALTHEO & CO
Largest movements
- Deferred charges and accrued income +€238,430
up €238,430 (+491%), from €48,600 to €287,030
- Trade debts +€155,838
up €155,838 (+1,652%), from €9,431 to €165,269
- Profit (loss) carried forward +€96,378
up €96,378 (+189%), from €51,070 to €147,448
- Gross operating margin +€123,433
up €123,433 (+741%), from €16,663 to €140,096
- Taxes +€32,671
up €32,671 (+704%), from €4,640 to €37,311
- Financial charges +€1,738
up €1,738 (+81.0%), from €2,147 to €3,885
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 | €4,768,018 | €5,002,939 | +€234,921 | +4.9% |
| Fixed assets | 21/28 | €4,714,659 | €4,712,137 | -€2,522 | -0.1% |
| Tangible fixed assets | 22/27 | €13,659 | €11,137 | -€2,522 | -18.5% |
| Furniture and vehicles | 24 | €13,659 | €11,137 | -€2,522 | -18.5% |
| Financial fixed assets | 28 | €4,701,000 | €4,701,000 | = | 0.0% |
| Current assets | 29/58 | €53,359 | €290,802 | +€237,443 | +445% |
| Amounts receivable within one year | 40/41 | - | €359 | +€359 | |
| Other amounts receivable | 41 | - | €359 | +€359 | |
| Cash at bank and in hand | 54/58 | €4,759 | €3,413 | -€1,345 | -28.3% |
| Deferred charges and accrued income | 490/1 | €48,600 | €287,030 | +€238,430 | +491% |
| Total equity and liabilities | 10/49 | €4,768,018 | €5,002,939 | +€234,921 | +4.9% |
| Equity | 10/15 | €52,070 | €148,448 | +€96,378 | +185% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,070 | €147,448 | +€96,378 | +189% |
| Amounts payable | 17/49 | €4,715,948 | €4,854,491 | +€138,544 | +2.9% |
| Amounts payable after more than one year | 17 | €4,550,584 | €4,505,089 | -€45,495 | -1.0% |
| Financial debts | 170/4 | €4,550,584 | €4,505,089 | -€45,495 | -1.0% |
| Amounts payable within one year | 42/48 | €161,112 | €341,464 | +€180,352 | +112% |
| Trade debts | 44 | €9,431 | €165,269 | +€155,838 | +1,652% |
| Suppliers | 440/4 | €9,431 | €165,269 | +€155,838 | +1,652% |
| Taxes, remuneration and social security | 45 | €21,638 | €41,951 | +€20,313 | +93.9% |
| Taxes | 450/3 | €21,638 | €41,951 | +€20,313 | +93.9% |
| Other amounts payable | 47/48 | €130,044 | €134,244 | +€4,201 | +3.2% |
| Accrued charges and deferred income | 492/3 | €4,251 | €7,938 | +€3,687 | +86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,522 | €2,522 | = | 0.0% |
| Gross operating margin | 9900 | €16,663 | €140,096 | +€123,433 | +741% |
| Operating profit (loss) | 9901 | €14,141 | €137,574 | +€123,433 | +873% |
| Financial charges | 65/66B | €2,147 | €3,885 | +€1,738 | +81.0% |
| Recurring financial charges | 65 | €2,147 | €3,885 | +€1,738 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €11,994 | €133,689 | +€121,695 | +1,015% |
| Income taxes | 67/77 | €4,640 | €37,311 | +€32,671 | +704% |
| Profit (loss) for the period | 9904 | €7,354 | €96,378 | +€89,024 | +1,211% |
| Profit (loss) for the period to be appropriated | 9905 | €7,354 | €96,378 | +€89,024 | +1,211% |
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 18 October 2026 via checked.be.