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
- Cash -€35,261
down €35,261 (-37.2%), from €94,679 to €59,418
mainly Trade debts (-€42,527) and Receivables within one year (-€15,511)
- Receivables within one year +€15,511
up €15,511 (+3.5%), from €447,999 to €463,511
of which Other amounts receivable: +€8,770
- Trade debts -€42,527
down €42,527 (-36.6%), from €116,314 to €73,787
- Profit (loss) carried forward +€24,500
up €24,500 (+6.6%), from €369,002 to €393,502
- Gross operating margin -€5,146
down €5,146 (-13.3%), from €38,830 to €33,684
- Taxes -€1,479
down €1,479 (-15.3%), from €9,645 to €8,167
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 | €549,731 | €529,220 | -€20,511 | -3.7% |
| Current assets | 29/58 | €549,731 | €529,220 | -€20,511 | -3.7% |
| Stocks and contracts in progress | 3 | €5,415 | €4,565 | -€850 | -15.7% |
| Stocks | 30/36 | €5,415 | €4,565 | -€850 | -15.7% |
| Amounts receivable within one year | 40/41 | €447,999 | €463,511 | +€15,511 | +3.5% |
| Trade receivables | 40 | €370,230 | €376,971 | +€6,741 | +1.8% |
| Other amounts receivable | 41 | €77,769 | €86,539 | +€8,770 | +11.3% |
| Cash at bank and in hand | 54/58 | €94,679 | €59,418 | -€35,261 | -37.2% |
| Deferred charges and accrued income | 490/1 | €1,638 | €1,727 | +€89 | +5.4% |
| Total equity and liabilities | 10/49 | €549,731 | €529,220 | -€20,511 | -3.7% |
| Equity | 10/15 | €416,709 | €441,209 | +€24,500 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,107 | €29,107 | = | 0.0% |
| Distributable reserves | 133 | €29,107 | €29,107 | = | 0.0% |
| Profit (loss) carried forward | 14 | €369,002 | €393,502 | +€24,500 | +6.6% |
| Amounts payable | 17/49 | €133,022 | €88,011 | -€45,011 | -33.8% |
| Amounts payable within one year | 42/48 | €132,829 | €87,812 | -€45,017 | -33.9% |
| Trade debts | 44 | €116,314 | €73,787 | -€42,527 | -36.6% |
| Suppliers | 440/4 | €116,314 | €73,787 | -€42,527 | -36.6% |
| Taxes, remuneration and social security | 45 | €16,515 | €14,025 | -€2,490 | -15.1% |
| Taxes | 450/3 | €16,515 | €14,025 | -€2,490 | -15.1% |
| Accrued charges and deferred income | 492/3 | €194 | €200 | +€6 | +3.2% |
| Non-recurring operating income | 76A | €19,161 | €0 | -€19,161 | -100.0% |
| Other operating charges | 640/8 | €404 | €402 | -€3 | -0.7% |
| Gross operating margin | 9900 | €38,830 | €33,684 | -€5,146 | -13.3% |
| Operating profit (loss) | 9901 | €38,426 | €33,282 | -€5,143 | -13.4% |
| Financial income | 75/76B | €12 | €21 | +€9 | +74.8% |
| Recurring financial income | 75 | €12 | €21 | +€9 | +74.8% |
| Financial charges | 65/66B | €623 | €636 | +€14 | +2.2% |
| Recurring financial charges | 65 | €623 | €636 | +€14 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €37,815 | €32,667 | -€5,148 | -13.6% |
| Income taxes | 67/77 | €9,645 | €8,167 | -€1,479 | -15.3% |
| Profit (loss) for the period | 9904 | €28,170 | €24,500 | -€3,670 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,170 | €24,500 | -€3,670 | -13.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.