ALTHOVER: 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.
ALTHOVER
Largest movements
- Current investments +€100,661
up €100,661 (+111.9%), from €89,965 to €190,626
- Tangible fixed assets -€16,603
down €16,603 (-16.5%), from €100,511 to €83,908
of which Furniture and vehicles: -€8,716
- Receivables within one year +€9,213
up €9,213 (+23.7%), from €38,913 to €48,126
of which Trade receivables: +€5,866
- Cash -€6,412
down €6,412 (-4.8%), from €133,597 to €127,185
mainly Current investments (-€100,661) and Other debts (-€67,856)
- Reserves +€171,100
up €171,100 (+124.4%), from €137,500 to €308,600
of which Distributable reserves: +€86,900
- Other debts -€67,856
down €67,856 (-45.2%), from €150,054 to €82,198
- Debts after one year -€11,777
down €11,777 (-47.5%), from €24,803 to €13,027
- Tax, wage and social debts -€7,340
down €7,340 (-24.0%), from €30,552 to €23,212
of which Taxes: -€7,705
- Gross operating margin +€40,161
up €40,161 (+11.6%), from €345,384 to €385,546
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 | €362,986 | €449,845 | +€86,860 | +23.9% |
| Fixed assets | 21/28 | €100,511 | €83,908 | -€16,603 | -16.5% |
| Tangible fixed assets | 22/27 | €100,511 | €83,908 | -€16,603 | -16.5% |
| Land and buildings | 22 | €46,284 | €39,163 | -€7,121 | -15.4% |
| Plant, machinery and equipment | 23 | €2,242 | €1,476 | -€767 | -34.2% |
| Furniture and vehicles | 24 | €51,985 | €43,269 | -€8,716 | -16.8% |
| Current assets | 29/58 | €262,475 | €365,937 | +€103,463 | +39.4% |
| Amounts receivable within one year | 40/41 | €38,913 | €48,126 | +€9,213 | +23.7% |
| Trade receivables | 40 | €38,913 | €44,779 | +€5,866 | +15.1% |
| Other amounts receivable | 41 | - | €3,347 | +€3,347 | |
| Current investments | 50/53 | €89,965 | €190,626 | +€100,661 | +111.9% |
| Cash at bank and in hand | 54/58 | €133,597 | €127,185 | -€6,412 | -4.8% |
| Total equity and liabilities | 10/49 | €362,986 | €449,845 | +€86,860 | +23.9% |
| Equity | 10/15 | €138,540 | €309,658 | +€171,118 | +123.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €137,500 | €308,600 | +€171,100 | +124.4% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €137,500 | €224,400 | +€86,900 | +63.2% |
| Profit (loss) carried forward | 14 | €40 | €58 | +€18 | +44.4% |
| Amounts payable | 17/49 | €224,445 | €140,187 | -€84,258 | -37.5% |
| Amounts payable after more than one year | 17 | €24,803 | €13,027 | -€11,777 | -47.5% |
| Financial debts | 170/4 | €24,803 | €13,027 | -€11,777 | -47.5% |
| Amounts payable within one year | 42/48 | €199,255 | €126,761 | -€72,494 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €11,544 | €11,777 | +€233 | +2.0% |
| Trade debts | 44 | €7,106 | €9,575 | +€2,469 | +34.7% |
| Suppliers | 440/4 | €7,106 | €9,575 | +€2,469 | +34.7% |
| Taxes, remuneration and social security | 45 | €30,552 | €23,212 | -€7,340 | -24.0% |
| Taxes | 450/3 | €16,202 | €8,497 | -€7,705 | -47.6% |
| Remuneration and social security | 454/9 | €14,350 | €14,715 | +€365 | +2.5% |
| Other amounts payable | 47/48 | €150,054 | €82,198 | -€67,856 | -45.2% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Remuneration, social security and pensions | 62 | €116,107 | €117,744 | +€1,636 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,890 | €23,668 | +€778 | +3.4% |
| Other operating charges | 640/8 | €2,821 | €2,864 | +€44 | +1.5% |
| Gross operating margin | 9900 | €345,384 | €385,546 | +€40,161 | +11.6% |
| Operating profit (loss) | 9901 | €203,566 | €241,270 | +€37,703 | +18.5% |
| Financial income | 75/76B | €350 | €969 | +€619 | +176.8% |
| Recurring financial income | 75 | €350 | €969 | +€619 | +176.8% |
| Financial charges | 65/66B | €1,043 | €838 | -€206 | -19.7% |
| Recurring financial charges | 65 | €1,043 | €838 | -€206 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €202,873 | €241,401 | +€38,528 | +19.0% |
| Income taxes | 67/77 | €63,106 | €66,944 | +€3,838 | +6.1% |
| Profit (loss) for the period | 9904 | €139,767 | €174,458 | +€34,691 | +24.8% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €139,767 | €90,258 | -€49,509 | -35.4% |
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 5 October 2026 via checked.be.