ALTJV: 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.
ALTJV
Largest movements
- Receivables within one year +€10,412
up €10,412 (+38.3%), from €27,154 to €37,566
of which Trade receivables: +€7,412
- Tangible fixed assets -€4,022
down €4,022 (-11.8%), from €34,193 to €30,170
of which Other tangible fixed assets: -€3,349
- Deferred charges and accrued income +€1,223
new in 2025: €1,223
- Other debts +€14,994
up €14,994 (+48.3%), from €31,018 to €46,012
- Debts after one year -€7,059
down €7,059 (-65.9%), from €10,712 to €3,653
- Profit (loss) carried forward -€3,852
down €3,852 (-91.0%), from €4,231 to €380
- Current portion of long-term debt +€2,716
up €2,716 (+40.3%), from €6,742 to €9,458
- Tax, wage and social debts +€1,132
up €1,132 (+23.6%), from €4,793 to €5,925
- Gross operating margin -€8,555
down €8,555 (-75.6%), from €11,314 to €2,759
- Financial charges -€335
down €335 (-28.4%), from €1,178 to €843
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 | €70,259 | €77,132 | +€6,873 | +9.8% |
| Fixed assets | 21/28 | €35,056 | €31,033 | -€4,022 | -11.5% |
| Tangible fixed assets | 22/27 | €34,193 | €30,170 | -€4,022 | -11.8% |
| Plant, machinery and equipment | 23 | €199 | €908 | +€709 | +356% |
| Furniture and vehicles | 24 | €5,508 | €4,125 | -€1,382 | -25.1% |
| Other tangible fixed assets | 26 | €28,486 | €25,137 | -€3,349 | -11.8% |
| Financial fixed assets | 28 | €863 | €863 | = | 0.0% |
| Current assets | 29/58 | €35,203 | €46,099 | +€10,895 | +31.0% |
| Amounts receivable within one year | 40/41 | €27,154 | €37,566 | +€10,412 | +38.3% |
| Trade receivables | 40 | €24,057 | €31,469 | +€7,412 | +30.8% |
| Other amounts receivable | 41 | €3,097 | €6,097 | +€3,000 | +96.9% |
| Cash at bank and in hand | 54/58 | €8,049 | €7,309 | -€740 | -9.2% |
| Deferred charges and accrued income | 490/1 | - | €1,223 | +€1,223 | |
| Total equity and liabilities | 10/49 | €70,259 | €77,132 | +€6,873 | +9.8% |
| Equity | 10/15 | €6,731 | €2,880 | -€3,852 | -57.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,231 | €380 | -€3,852 | -91.0% |
| Amounts payable | 17/49 | €63,528 | €74,252 | +€10,725 | +16.9% |
| Amounts payable after more than one year | 17 | €10,712 | €3,653 | -€7,059 | -65.9% |
| Financial debts | 170/4 | €10,712 | €3,653 | -€7,059 | -65.9% |
| Amounts payable within one year | 42/48 | €52,815 | €70,599 | +€17,784 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €6,742 | €9,458 | +€2,716 | +40.3% |
| Trade debts | 44 | €10,262 | €9,204 | -€1,058 | -10.3% |
| Suppliers | 440/4 | €10,262 | €9,204 | -€1,058 | -10.3% |
| Taxes, remuneration and social security | 45 | €4,793 | €5,925 | +€1,132 | +23.6% |
| Taxes | 450/3 | €4,793 | €5,925 | +€1,132 | +23.6% |
| Other amounts payable | 47/48 | €31,018 | €46,012 | +€14,994 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,736 | €5,658 | -€78 | -1.4% |
| Other operating charges | 640/8 | - | €109 | +€109 | |
| Gross operating margin | 9900 | €11,314 | €2,759 | -€8,555 | -75.6% |
| Operating profit (loss) | 9901 | €5,578 | -€3,008 | -€8,586 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,178 | €843 | -€335 | -28.4% |
| Recurring financial charges | 65 | €1,178 | €843 | -€335 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €4,400 | -€3,852 | -€8,252 | |
| Profit (loss) for the period | 9904 | €4,400 | -€3,852 | -€8,252 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,400 | -€3,852 | -€8,252 |
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 13 October 2026 via checked.be.