ALTHO: what changed
Two fiscal 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.
ALTHO
Largest movements
- Tangible fixed assets -€7,500
down €7,500 (-3.6%), from €210,440 to €202,940
- Other debts +€22,812
up €22,812 (+18.5%), from €122,998 to €145,810
- Current portion of long-term debt -€11,432
down €11,432 (-35.4%), from €32,327 to €20,895
- Debts after one year -€9,463
down €9,463 (-12.1%), from €78,346 to €68,883
- Profit (loss) carried forward -€6,835
down €6,835 (-11.7%), from -€58,275 to -€65,110
- Tax, wage and social debts -€2,434
down €2,434 (-21.7%), from €11,231 to €8,798
- Turnover +€9,000
new in 2024: €9,000
- Gross operating margin +€8,003
new in 2024: €8,003
- Financial charges +€6,876
up €6,876 (+1486.0%), from €463 to €7,338
- Purchases and services +€997
new in 2024: €997
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.
Cash bridge derived
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 | €210,446 | €203,094 | -€7,352 | -3.5% |
| Fixed assets | 21/28 | €210,440 | €202,940 | -€7,500 | -3.6% |
| Tangible fixed assets | 22/27 | €210,440 | €202,940 | -€7,500 | -3.6% |
| Land and buildings | 22 | €210,440 | €202,940 | -€7,500 | -3.6% |
| Current assets | 29/58 | €6 | €154 | +€148 | +2379.3% |
| Cash at bank and in hand | 54/58 | €6 | €154 | +€148 | +2379.3% |
| Total equity and liabilities | 10/49 | €210,446 | €203,094 | -€7,352 | -3.5% |
| Equity | 10/15 | -€50,020 | -€56,856 | -€6,835 | -13.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €2,058 | €2,058 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,058 | €1,859 | -€198 | -9.6% |
| Legal reserve | 130 | €2,058 | €1,859 | -€198 | -9.6% |
| Distributable reserves | 133 | - | €198 | +€198 | |
| Profit (loss) carried forward | 14 | -€58,275 | -€65,110 | -€6,835 | -11.7% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €250,466 | €249,950 | -€516 | -0.2% |
| Amounts payable after more than one year | 17 | €78,346 | €68,883 | -€9,463 | -12.1% |
| Financial debts | 170/4 | €78,346 | €68,883 | -€9,463 | -12.1% |
| Amounts payable within one year | 42/48 | €172,121 | €181,067 | +€8,946 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €32,327 | €20,895 | -€11,432 | -35.4% |
| Trade debts | 44 | €5,565 | €5,565 | = | 0.0% |
| Suppliers | 440/4 | €5,565 | €5,565 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,231 | €8,798 | -€2,434 | -21.7% |
| Taxes | 450/3 | €11,231 | €8,798 | -€2,434 | -21.7% |
| Other amounts payable | 47/48 | €122,998 | €145,810 | +€22,812 | +18.5% |
| Turnover | 70 | - | €9,000 | +€9,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €997 | +€997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,500 | €7,500 | = | 0.0% |
| Gross operating margin | 9900 | - | €8,003 | +€8,003 | |
| Operating profit (loss) | 9901 | -€7,500 | €503 | +€8,003 | |
| Financial charges | 65/66B | €463 | €7,338 | +€6,876 | +1486.0% |
| Recurring financial charges | 65 | €463 | €7,338 | +€6,876 | +1486.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,963 | -€6,835 | +€1,127 | +14.2% |
| Profit (loss) for the period | 9904 | -€7,963 | -€6,835 | +€1,127 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,963 | -€6,835 | +€1,127 | +14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.