COURANT ALTERNATIF ENGINEERING: 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.
COURANT ALTERNATIF ENGINEERING
Largest movements
- Receivables within one year -€21,882
down €21,882 (-72.5%), from €30,170 to €8,289
of which Trade receivables: -€21,748
- Receivables after one year -€11,300
down €11,300 (-56.5%), from €20,000 to €8,700
- Tangible fixed assets -€9,877
down €9,877 (-3.5%), from €280,218 to €270,341
of which Land and buildings: -€9,413
- Cash +€8,809
up €8,809 (+345%), from €2,551 to €11,360
mainly Other debts (+€45,808) and Receivables within one year (+€21,882)
- Other debts +€45,808
up €45,808 (+94.6%), from €48,416 to €94,224
- Profit (loss) carried forward -€29,090
down €29,090 (-21.2%), from €137,426 to €108,336
- Debts after one year -€23,547
down €23,547 (-32.2%), from €73,183 to €49,636
- Tax, wage and social debts -€15,131
no longer reported in 2025 (was €15,131)
of which Remuneration and social security: -€15,000
- Trade debts -€13,176
down €13,176 (-67.3%), from €19,565 to €6,389
- Gross operating margin -€3,739
down €3,739 (-71.1%), from -€5,256 to -€8,995
- Financial income +€1,600
up €1,600 (+178%), from €900 to €2,500
- Financial charges -€1,113
down €1,113 (-25.0%), from €4,445 to €3,333
- Other operating charges +€956
up €956 (+62.4%), from €1,532 to €2,489
- Depreciation +€567
up €567 (+6.0%), from €9,390 to €9,957
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 | €333,020 | €298,691 | -€34,329 | -10.3% |
| Fixed assets | 21/28 | €280,298 | €270,341 | -€9,957 | -3.6% |
| Intangible fixed assets | 21 | €80 | - | -€80 | |
| Tangible fixed assets | 22/27 | €280,218 | €270,341 | -€9,877 | -3.5% |
| Land and buildings | 22 | €278,828 | €269,415 | -€9,413 | -3.4% |
| Plant, machinery and equipment | 23 | €1,390 | €927 | -€463 | -33.3% |
| Current assets | 29/58 | €52,721 | €28,349 | -€24,372 | -46.2% |
| Amounts receivable after more than one year | 29 | €20,000 | €8,700 | -€11,300 | -56.5% |
| Other amounts receivable | 291 | €20,000 | €8,700 | -€11,300 | -56.5% |
| Amounts receivable within one year | 40/41 | €30,170 | €8,289 | -€21,882 | -72.5% |
| Trade receivables | 40 | €25,573 | €3,824 | -€21,748 | -85.0% |
| Other amounts receivable | 41 | €4,598 | €4,465 | -€133 | -2.9% |
| Cash at bank and in hand | 54/58 | €2,551 | €11,360 | +€8,809 | +345% |
| Total equity and liabilities | 10/49 | €333,020 | €298,691 | -€34,329 | -10.3% |
| Equity | 10/15 | €153,985 | €124,895 | -€29,090 | -18.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,359 | €10,359 | = | 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% |
| Tax-exempt reserves | 132 | €8,499 | €8,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,426 | €108,336 | -€29,090 | -21.2% |
| Amounts payable | 17/49 | €179,034 | €173,796 | -€5,238 | -2.9% |
| Amounts payable after more than one year | 17 | €73,183 | €49,636 | -€23,547 | -32.2% |
| Financial debts | 170/4 | €73,183 | €49,636 | -€23,547 | -32.2% |
| Amounts payable within one year | 42/48 | €105,851 | €124,160 | +€18,309 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €22,739 | €23,547 | +€808 | +3.6% |
| Trade debts | 44 | €19,565 | €6,389 | -€13,176 | -67.3% |
| Suppliers | 440/4 | €19,565 | €6,389 | -€13,176 | -67.3% |
| Taxes, remuneration and social security | 45 | €15,131 | - | -€15,131 | |
| Taxes | 450/3 | €131 | - | -€131 | |
| Remuneration and social security | 454/9 | €15,000 | - | -€15,000 | |
| Other amounts payable | 47/48 | €48,416 | €94,224 | +€45,808 | +94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,390 | €9,957 | +€567 | +6.0% |
| Other operating charges | 640/8 | €1,532 | €2,489 | +€956 | +62.4% |
| Non-recurring operating charges | 66A | - | €6,817 | +€6,817 | |
| Gross operating margin | 9900 | -€5,256 | -€8,995 | -€3,739 | -71.1% |
| Operating profit (loss) | 9901 | -€16,179 | -€28,258 | -€12,079 | -74.7% |
| Financial income | 75/76B | €900 | €2,500 | +€1,600 | +178% |
| Recurring financial income | 75 | €900 | €2,500 | +€1,600 | +178% |
| Financial charges | 65/66B | €4,445 | €3,333 | -€1,113 | -25.0% |
| Recurring financial charges | 65 | €4,445 | €3,333 | -€1,113 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,724 | -€29,090 | -€9,366 | -47.5% |
| Profit (loss) for the period | 9904 | -€19,724 | -€29,090 | -€9,366 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,724 | -€29,090 | -€9,366 | -47.5% |
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 1 November 2026 via checked.be.