ALTREGA: 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.
ALTREGA
Largest movements
- Cash +€94,176
up €94,176 (+61.9%), from €152,074 to €246,250
mainly Net result for the year (+€178,318) and Other debts (+€12,862)
- Receivables within one year +€46,577
up €46,577 (+27.2%), from €171,444 to €218,021
of which Trade receivables: +€28,223
- Current investments +€20,000
up €20,000 (+57.1%), from €35,000 to €55,000
- Reserves +€138,244
up €138,244 (+46.9%), from €294,933 to €433,177
- Other debts +€12,862
up €12,862 (+160%), from €8,036 to €20,898
- Tax, wage and social debts +€10,956
up €10,956 (+16.6%), from €65,875 to €76,831
- Gross operating margin +€24,856
up €24,856 (+11.9%), from €208,401 to €233,258
- Taxes -€21,668
down €21,668 (-28.3%), from €76,561 to €54,893
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 | €370,295 | €531,048 | +€160,753 | +43.4% |
| Fixed assets | 21/28 | €11,027 | €11,027 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,127 | €1,127 | = | 0.0% |
| Furniture and vehicles | 24 | €1,127 | €1,127 | = | 0.0% |
| Financial fixed assets | 28 | €9,900 | €9,900 | = | 0.0% |
| Current assets | 29/58 | €359,268 | €520,021 | +€160,753 | +44.7% |
| Amounts receivable within one year | 40/41 | €171,444 | €218,021 | +€46,577 | +27.2% |
| Trade receivables | 40 | €123,944 | €152,167 | +€28,223 | +22.8% |
| Other amounts receivable | 41 | €47,500 | €65,854 | +€18,354 | +38.6% |
| Current investments | 50/53 | €35,000 | €55,000 | +€20,000 | +57.1% |
| Cash at bank and in hand | 54/58 | €152,074 | €246,250 | +€94,176 | +61.9% |
| Deferred charges and accrued income | 490/1 | €750 | €750 | = | 0.0% |
| Total equity and liabilities | 10/49 | €370,295 | €531,048 | +€160,753 | +43.4% |
| Equity | 10/15 | €295,074 | €433,319 | +€138,245 | +46.9% |
| Reserves | 13 | €294,933 | €433,177 | +€138,244 | +46.9% |
| Distributable reserves | 133 | €294,933 | €433,177 | +€138,244 | +46.9% |
| Profit (loss) carried forward | 14 | €141 | €142 | +€1 | +0.4% |
| Amounts payable | 17/49 | €75,221 | €97,729 | +€22,508 | +29.9% |
| Amounts payable within one year | 42/48 | €75,221 | €97,729 | +€22,508 | +29.9% |
| Trade debts | 44 | €1,311 | €0 | -€1,311 | -100% |
| Suppliers | 440/4 | €1,311 | €0 | -€1,311 | -100% |
| Taxes, remuneration and social security | 45 | €65,875 | €76,831 | +€10,956 | +16.6% |
| Taxes | 450/3 | €65,875 | €76,831 | +€10,956 | +16.6% |
| Other amounts payable | 47/48 | €8,036 | €20,898 | +€12,862 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €580 | €0 | -€580 | -100% |
| Other operating charges | 640/8 | €756 | €584 | -€172 | -22.7% |
| Gross operating margin | 9900 | €208,401 | €233,258 | +€24,856 | +11.9% |
| Operating profit (loss) | 9901 | €207,065 | €232,673 | +€25,608 | +12.4% |
| Financial income | 75/76B | €1,359 | €1,139 | -€219 | -16.2% |
| Recurring financial income | 75 | €1,359 | €1,139 | -€219 | -16.2% |
| Financial charges | 65/66B | €187 | €602 | +€416 | +223% |
| Recurring financial charges | 65 | €187 | €602 | +€416 | +223% |
| Profit (loss) for the period before taxes | 9903 | €208,237 | €233,210 | +€24,973 | +12.0% |
| Income taxes | 67/77 | €76,561 | €54,893 | -€21,668 | -28.3% |
| Profit (loss) for the period | 9904 | €131,676 | €178,318 | +€46,641 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €131,676 | €178,318 | +€46,641 | +35.4% |
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.