Althum: 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.
Althum
Largest movements
- Cash -€24,869
down €24,869 (-68.1%), from €36,494 to €11,625
mainly Investment in fixed assets (net) (-€73,562) and Stocks and contracts (-€14,728)
- Stocks and contracts +€14,728
up €14,728 (+42.2%), from €34,924 to €49,652
of which Contracts in progress: +€17,500
- Tangible fixed assets +€14,577
up €14,577 (+4.6%), from €319,092 to €333,669
of which Furniture and vehicles: +€18,167
- Other debts +€24,746
up €24,746 (+33.2%), from €74,562 to €99,308
- Profit (loss) carried forward -€13,545
new in 2025: -€13,545
- Accrued charges and deferred income +€11,118
up €11,118 (+19,169%), from €58 to €11,176
- Debts after one year -€9,888
down €9,888 (-4.8%), from €204,521 to €194,633
- Current portion of long-term debt +€8,770
up €8,770 (+22.4%), from €39,187 to €47,957
- Gross operating margin -€48,591
down €48,591 (-42.8%), from €113,660 to €65,069
- Depreciation -€38,913
down €38,913 (-39.7%), from €97,899 to €58,985
- Other operating charges +€9,347
up €9,347 (+380%), from €2,461 to €11,808
- Taxes -€3,000
down €3,000 (-99.4%), from €3,017 to €17
- Financial charges +€2,503
up €2,503 (+33.5%), from €7,468 to €9,971
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 | €399,909 | €408,580 | +€8,672 | +2.2% |
| Fixed assets | 21/28 | €319,227 | €333,804 | +€14,577 | +4.6% |
| Tangible fixed assets | 22/27 | €319,092 | €333,669 | +€14,577 | +4.6% |
| Land and buildings | 22 | €7,034 | €3,791 | -€3,242 | -46.1% |
| Plant, machinery and equipment | 23 | €7,779 | €7,431 | -€348 | -4.5% |
| Furniture and vehicles | 24 | €304,280 | €322,447 | +€18,167 | +6.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €80,681 | €74,776 | -€5,905 | -7.3% |
| Stocks and contracts in progress | 3 | €34,924 | €49,652 | +€14,728 | +42.2% |
| Stocks | 30/36 | €19,924 | €17,152 | -€2,772 | -13.9% |
| Contracts in progress | 37 | €15,000 | €32,500 | +€17,500 | +117% |
| Amounts receivable within one year | 40/41 | €9,263 | €13,240 | +€3,977 | +42.9% |
| Trade receivables | 40 | €4,871 | €7,893 | +€3,021 | +62.0% |
| Other amounts receivable | 41 | €4,392 | €5,348 | +€956 | +21.8% |
| Cash at bank and in hand | 54/58 | €36,494 | €11,625 | -€24,869 | -68.1% |
| Deferred charges and accrued income | 490/1 | - | €259 | +€259 | |
| Total equity and liabilities | 10/49 | €399,909 | €408,580 | +€8,672 | +2.2% |
| Equity | 10/15 | €62,571 | €49,026 | -€13,545 | -21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,971 | €43,971 | = | 0.0% |
| Distributable reserves | 133 | €43,971 | €43,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€13,545 | -€13,545 | |
| Amounts payable | 17/49 | €337,338 | €359,555 | +€22,217 | +6.6% |
| Amounts payable after more than one year | 17 | €204,521 | €194,633 | -€9,888 | -4.8% |
| Financial debts | 170/4 | €204,521 | €194,633 | -€9,888 | -4.8% |
| Amounts payable within one year | 42/48 | €132,759 | €153,746 | +€20,987 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €39,187 | €47,957 | +€8,770 | +22.4% |
| Trade debts | 44 | €11,189 | €2,421 | -€8,767 | -78.4% |
| Suppliers | 440/4 | €11,189 | €2,421 | -€8,767 | -78.4% |
| Taxes, remuneration and social security | 45 | €7,821 | €4,060 | -€3,761 | -48.1% |
| Taxes | 450/3 | €4,446 | €463 | -€3,983 | -89.6% |
| Remuneration and social security | 454/9 | €3,375 | €3,596 | +€221 | +6.6% |
| Other amounts payable | 47/48 | €74,562 | €99,308 | +€24,746 | +33.2% |
| Accrued charges and deferred income | 492/3 | €58 | €11,176 | +€11,118 | +19,169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,899 | €58,985 | -€38,913 | -39.7% |
| Other operating charges | 640/8 | €2,461 | €11,808 | +€9,347 | +380% |
| Gross operating margin | 9900 | €113,660 | €65,069 | -€48,591 | -42.8% |
| Operating profit (loss) | 9901 | €13,300 | -€5,724 | -€19,024 | |
| Financial income | 75/76B | €2,092 | €2,168 | +€76 | +3.6% |
| Recurring financial income | 75 | €2,092 | €2,168 | +€76 | +3.6% |
| Financial charges | 65/66B | €7,468 | €9,971 | +€2,503 | +33.5% |
| Recurring financial charges | 65 | €7,468 | €9,971 | +€2,503 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €7,924 | -€13,528 | -€21,452 | |
| Income taxes | 67/77 | €3,017 | €17 | -€3,000 | -99.4% |
| Profit (loss) for the period | 9904 | €4,907 | -€13,545 | -€18,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,907 | -€13,545 | -€18,452 |
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 20 October 2026 via checked.be.