ALTHUR: 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.
ALTHUR
Largest movements
- Receivables within one year -€32,569
down €32,569 (-74.2%), from €43,913 to €11,344
of which Trade receivables: -€18,706
- Deferred charges and accrued income +€17,070
up €17,070 (+961.2%), from €1,776 to €18,845
- Tangible fixed assets -€14,963
down €14,963 (-37.9%), from €39,458 to €24,495
of which Furniture and vehicles: -€14,963
- Cash +€6,894
up €6,894 (+5.5%), from €126,401 to €133,295
mainly Other debts (+€89,250) and Receivables within one year (+€32,569)
- Profit (loss) carried forward -€120,347
down €120,347 (-94.6%), from €127,159 to €6,812
- Other debts +€89,250
up €89,250 (+350.0%), from €25,500 to €114,750
- Tax, wage and social debts +€20,881
up €20,881 (+461.2%), from €4,528 to €25,408
- Debts after one year -€13,863
down €13,863 (-48.5%), from €28,577 to €14,714
- Gross operating margin +€13,534
up €13,534 (+51.0%), from €26,539 to €40,073
- Taxes +€2,473
up €2,473 (+48.9%), from €5,052 to €7,525
- Financial charges -€1,151
down €1,151 (-38.7%), from €2,971 to €1,820
- Depreciation +€441
up €441 (+3.0%), from €14,522 to €14,963
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 | €211,548 | €187,980 | -€23,568 | -11.1% |
| Fixed assets | 21/28 | €39,458 | €24,495 | -€14,963 | -37.9% |
| Tangible fixed assets | 22/27 | €39,458 | €24,495 | -€14,963 | -37.9% |
| Plant, machinery and equipment | 23 | €3,050 | €3,050 | = | 0.0% |
| Furniture and vehicles | 24 | €36,408 | €21,445 | -€14,963 | -41.1% |
| Current assets | 29/58 | €172,090 | €163,485 | -€8,606 | -5.0% |
| Amounts receivable within one year | 40/41 | €43,913 | €11,344 | -€32,569 | -74.2% |
| Trade receivables | 40 | €18,706 | - | -€18,706 | |
| Other amounts receivable | 41 | €25,207 | €11,344 | -€13,863 | -55.0% |
| Cash at bank and in hand | 54/58 | €126,401 | €133,295 | +€6,894 | +5.5% |
| Deferred charges and accrued income | 490/1 | €1,776 | €18,845 | +€17,070 | +961.2% |
| Total equity and liabilities | 10/49 | €211,548 | €187,980 | -€23,568 | -11.1% |
| Equity | 10/15 | €147,619 | €27,272 | -€120,347 | -81.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,159 | €6,812 | -€120,347 | -94.6% |
| Amounts payable | 17/49 | €63,929 | €160,708 | +€96,779 | +151.4% |
| Amounts payable after more than one year | 17 | €28,577 | €14,714 | -€13,863 | -48.5% |
| Financial debts | 170/4 | €28,577 | €14,714 | -€13,863 | -48.5% |
| Amounts payable within one year | 42/48 | €32,549 | €144,566 | +€112,017 | +344.1% |
| Trade debts | 44 | €2,522 | €4,408 | +€1,886 | +74.8% |
| Suppliers | 440/4 | €2,522 | €4,408 | +€1,886 | +74.8% |
| Taxes, remuneration and social security | 45 | €4,528 | €25,408 | +€20,881 | +461.2% |
| Taxes | 450/3 | €4,528 | €25,408 | +€20,881 | +461.2% |
| Other amounts payable | 47/48 | €25,500 | €114,750 | +€89,250 | +350.0% |
| Accrued charges and deferred income | 492/3 | €2,802 | €1,428 | -€1,375 | -49.1% |
| Non-recurring operating income | 76A | €4,220 | - | -€4,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,522 | €14,963 | +€441 | +3.0% |
| Other operating charges | 640/8 | €2,060 | €2,279 | +€220 | +10.7% |
| Gross operating margin | 9900 | €26,539 | €40,073 | +€13,534 | +51.0% |
| Operating profit (loss) | 9901 | €9,958 | €22,831 | +€12,873 | +129.3% |
| Financial income | 75/76B | €1,007 | €1,167 | +€160 | +15.9% |
| Recurring financial income | 75 | €1,007 | €1,167 | +€160 | +15.9% |
| Financial charges | 65/66B | €2,971 | €1,820 | -€1,151 | -38.7% |
| Recurring financial charges | 65 | €2,971 | €1,820 | -€1,151 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €7,993 | €22,178 | +€14,185 | +177.5% |
| Income taxes | 67/77 | €5,052 | €7,525 | +€2,473 | +48.9% |
| Profit (loss) for the period | 9904 | €2,941 | €14,653 | +€11,712 | +398.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,941 | €14,653 | +€11,712 | +398.2% |
Source: filed annual accounts (NBB), fiscal years ended 1 October 2024 and 1 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.