ALTHUARDE LIFE SCIENCES: 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.
ALTHUARDE LIFE SCIENCES
Largest movements
- Receivables after one year +€54,660
up €54,660 (+154%), from €35,500 to €90,160
- Tangible fixed assets -€32,648
down €32,648 (-19.1%), from €171,365 to €138,717
of which Furniture and vehicles: -€23,311
- Cash -€28,536
no longer reported in 2025 (was €28,536)
mainly Contributions, distributions and other (-€166,762) and Receivables after one year (-€54,660)
- Receivables within one year +€20,501
new in 2025: €20,501
of which Trade receivables: +€17,500
- Other debts +€151,616
up €151,616 (+86,529%), from €175 to €151,791
- Profit (loss) carried forward -€121,396
no longer reported in 2025 (was €121,396)
- Debts after one year -€25,057
down €25,057 (-43.4%), from €57,683 to €32,626
- Tax, wage and social debts +€9,631
up €9,631 (+37.6%), from €25,624 to €35,256
- Gross operating margin +€40,437
up €40,437 (+73.1%), from €55,300 to €95,738
- Depreciation +€17,466
up €17,466 (+99.8%), from €17,500 to €34,966
- Taxes +€5,814
up €5,814 (+78.2%), from €7,435 to €13,249
- Financial charges -€1,433
down €1,433 (-28.8%), from €4,971 to €3,538
- Financial income +€1,225
up €1,225 (+186%), from €660 to €1,885
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 | €237,902 | €251,502 | +€13,600 | +5.7% |
| Fixed assets | 21/28 | €171,365 | €138,717 | -€32,648 | -19.1% |
| Tangible fixed assets | 22/27 | €171,365 | €138,717 | -€32,648 | -19.1% |
| Plant, machinery and equipment | 23 | €5,894 | €3,984 | -€1,909 | -32.4% |
| Furniture and vehicles | 24 | €109,499 | €86,188 | -€23,311 | -21.3% |
| Other tangible fixed assets | 26 | €55,973 | €48,545 | -€7,427 | -13.3% |
| Current assets | 29/58 | €66,536 | €112,785 | +€46,248 | +69.5% |
| Amounts receivable after more than one year | 29 | €35,500 | €90,160 | +€54,660 | +154% |
| Other amounts receivable | 291 | €35,500 | €90,160 | +€54,660 | +154% |
| Amounts receivable within one year | 40/41 | - | €20,501 | +€20,501 | |
| Trade receivables | 40 | - | €17,500 | +€17,500 | |
| Other amounts receivable | 41 | - | €3,001 | +€3,001 | |
| Cash at bank and in hand | 54/58 | €28,536 | - | -€28,536 | |
| Deferred charges and accrued income | 490/1 | €2,500 | €2,124 | -€376 | -15.0% |
| Total equity and liabilities | 10/49 | €237,902 | €251,502 | +€13,600 | +5.7% |
| Equity | 10/15 | €126,396 | €5,000 | -€121,396 | -96.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,396 | - | -€121,396 | |
| Amounts payable | 17/49 | €111,505 | €246,502 | +€134,997 | +121% |
| Amounts payable after more than one year | 17 | €57,683 | €32,626 | -€25,057 | -43.4% |
| Financial debts | 170/4 | €57,683 | €32,626 | -€25,057 | -43.4% |
| Amounts payable within one year | 42/48 | €53,823 | €213,876 | +€160,053 | +297% |
| Current portion of amounts payable after more than one year | 42 | €24,463 | €25,070 | +€607 | +2.5% |
| Trade debts | 44 | €3,560 | €1,759 | -€1,801 | -50.6% |
| Suppliers | 440/4 | €3,560 | €1,759 | -€1,801 | -50.6% |
| Taxes, remuneration and social security | 45 | €25,624 | €35,256 | +€9,631 | +37.6% |
| Taxes | 450/3 | €25,624 | €35,256 | +€9,631 | +37.6% |
| Other amounts payable | 47/48 | €175 | €151,791 | +€151,616 | +86,529% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,500 | €34,966 | +€17,466 | +99.8% |
| Other operating charges | 640/8 | - | €504 | +€504 | |
| Gross operating margin | 9900 | €55,300 | €95,738 | +€40,437 | +73.1% |
| Operating profit (loss) | 9901 | €37,801 | €60,268 | +€22,467 | +59.4% |
| Financial income | 75/76B | €660 | €1,885 | +€1,225 | +186% |
| Recurring financial income | 75 | €660 | €1,885 | +€1,225 | +186% |
| Financial charges | 65/66B | €4,971 | €3,538 | -€1,433 | -28.8% |
| Recurring financial charges | 65 | €4,971 | €3,538 | -€1,433 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €33,490 | €58,614 | +€25,125 | +75.0% |
| Income taxes | 67/77 | €7,435 | €13,249 | +€5,814 | +78.2% |
| Profit (loss) for the period | 9904 | €26,055 | €45,365 | +€19,310 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,055 | €45,365 | +€19,310 | +74.1% |
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 24 October 2026 via checked.be.