ALTHERIA SOLUTIONS: what changed
ALTHERIA SOLUTIONS
Largest movements
- Receivables within one year -€95,908
down €95,908 (-73.5%), from €130,519 to €34,611
of which Trade receivables: -€112,900
- Intangible fixed assets +€40,877
up €40,877 (+9.4%), from €434,516 to €475,393
- Cash -€22,031
down €22,031 (-24.5%), from €89,790 to €67,759
mainly Net result for the year (-€183,884) and Investment in fixed assets (net) (-€140,072)
- Current investments -€19,047
down €19,047 (-100%), from €19,047 to €0
- Tangible fixed assets -€15,889
down €15,889 (-96.3%), from €16,506 to €618
- Profit (loss) carried forward -€183,884
down €183,884 (-62.2%), from -€295,629 to -€479,513
- Investment grants -€71,537
down €71,537 (-21.5%), from €332,141 to €260,604
- Trade debts +€63,382
up €63,382 (+173%), from €36,578 to €99,959
- Other debts +€42,250
up €42,250 (+64.2%), from €65,765 to €108,015
- Tax, wage and social debts +€24,579
up €24,579 (+32.0%), from €76,692 to €101,271
of which Remuneration and social security: +€28,941
- Gross operating margin +€279,169
up €279,169, from -€54,165 to €225,005
- Staff costs -€81,894
down €81,894 (-25.3%), from €323,393 to €241,499
- Depreciation +€41,819
up €41,819 (+53.1%), from €78,806 to €120,624
- Financial income -€6,857
down €6,857 (-11.4%), from €59,954 to €53,097
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €711,698 | €598,456 | -€113,243 | -15.9% |
| Fixed assets | 21/28 | €472,343 | €491,790 | +€19,448 | +4.1% |
| Intangible fixed assets | 21 | €434,516 | €475,393 | +€40,877 | +9.4% |
| Tangible fixed assets | 22/27 | €16,506 | €618 | -€15,889 | -96.3% |
| Furniture and vehicles | 24 | €16,506 | €618 | -€15,889 | -96.3% |
| Financial fixed assets | 28 | €21,320 | €15,780 | -€5,540 | -26.0% |
| Current assets | 29/58 | €239,356 | €106,665 | -€132,690 | -55.4% |
| Amounts receivable within one year | 40/41 | €130,519 | €34,611 | -€95,908 | -73.5% |
| Trade receivables | 40 | €125,209 | €12,308 | -€112,900 | -90.2% |
| Other amounts receivable | 41 | €5,310 | €22,302 | +€16,992 | +320% |
| Current investments | 50/53 | €19,047 | €0 | -€19,047 | -100% |
| Cash at bank and in hand | 54/58 | €89,790 | €67,759 | -€22,031 | -24.5% |
| Deferred charges and accrued income | 490/1 | - | €4,296 | +€4,296 | |
| Total equity and liabilities | 10/49 | €711,698 | €598,456 | -€113,243 | -15.9% |
| Equity | 10/15 | €392,664 | €137,244 | -€255,421 | -65.0% |
| Contributions | 10/11 | €356,152 | €356,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€295,629 | -€479,513 | -€183,884 | -62.2% |
| Investment grants | 15 | €332,141 | €260,604 | -€71,537 | -21.5% |
| Provisions and deferred taxes | 16 | - | €11,967 | +€11,967 | |
| Deferred taxes | 168 | - | €11,967 | +€11,967 | |
| Amounts payable | 17/49 | €319,034 | €449,245 | +€130,211 | +40.8% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Financial debts | 170/4 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €179,034 | €309,245 | +€130,211 | +72.7% |
| Trade debts | 44 | €36,578 | €99,959 | +€63,382 | +173% |
| Suppliers | 440/4 | €36,578 | €99,959 | +€63,382 | +173% |
| Taxes, remuneration and social security | 45 | €76,692 | €101,271 | +€24,579 | +32.0% |
| Taxes | 450/3 | €31,547 | €27,185 | -€4,362 | -13.8% |
| Remuneration and social security | 454/9 | €45,145 | €74,086 | +€28,941 | +64.1% |
| Other amounts payable | 47/48 | €65,765 | €108,015 | +€42,250 | +64.2% |
| Non-recurring operating income | 76A | - | €33,132 | +€33,132 | |
| Remuneration, social security and pensions | 62 | €323,393 | €241,499 | -€81,894 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,806 | €120,624 | +€41,819 | +53.1% |
| Other operating charges | 640/8 | €387 | €405 | +€18 | +4.7% |
| Operating charges capitalised as restructuring costs | 649 | -€229,877 | €0 | +€229,877 | |
| Non-recurring operating charges | 66A | - | €86,811 | +€86,811 | |
| Gross operating margin | 9900 | -€54,165 | €225,005 | +€279,169 | |
| Operating profit (loss) | 9901 | -€226,874 | -€224,334 | +€2,539 | +1.1% |
| Financial income | 75/76B | €59,954 | €53,097 | -€6,857 | -11.4% |
| Recurring financial income | 75 | €59,954 | €53,097 | -€6,857 | -11.4% |
| Financial charges | 65/66B | €1,740 | €1,601 | -€139 | -8.0% |
| Recurring financial charges | 65 | €1,740 | €1,601 | -€139 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€168,660 | -€172,839 | -€4,179 | -2.5% |
| Transfer to deferred taxes | 680 | - | €11,967 | +€11,967 | |
| Income taxes | 67/77 | €135 | -€922 | -€1,057 | |
| Profit (loss) for the period | 9904 | -€168,795 | -€183,884 | -€15,089 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€168,795 | -€183,884 | -€15,089 | -8.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.