L'Alternative: 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.
L'Alternative
Largest movements
- Cash +€40,787
up €40,787 (+8.9%), from €460,604 to €501,391
mainly Accrued charges and deferred income (+€74,225) and Depreciation (+€13,075)
- Tangible fixed assets -€13,075
down €13,075 (-8.0%), from €162,952 to €149,877
- Receivables within one year -€9,607
down €9,607 (-9.0%), from €107,004 to €97,397
- Accrued charges and deferred income +€74,225
up €74,225 (+97.3%), from €76,261 to €150,486
- Debts within one year -€48,563
down €48,563 (-9.3%), from €522,012 to €473,449
- Debts after one year -€14,514
down €14,514 (-20.1%), from €72,139 to €57,625
- Gross operating margin +€54,241
up €54,241 (+8.9%), from €606,771 to €661,012
- Staff costs +€38,727
up €38,727 (+6.5%), from €597,978 to €636,705
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 | €737,990 | €756,476 | +€18,486 | +2.5% |
| Fixed assets | 21/28 | €162,952 | €149,877 | -€13,075 | -8.0% |
| Tangible fixed assets | 22/27 | €162,952 | €149,877 | -€13,075 | -8.0% |
| Land and buildings | 22 | €135,506 | €129,907 | -€5,599 | -4.1% |
| Plant, machinery and equipment | 23 | €9,296 | €6,920 | -€2,376 | -25.6% |
| Furniture and vehicles | 24 | €18,150 | €13,050 | -€5,100 | -28.1% |
| Current assets | 29/58 | €575,038 | €606,599 | +€31,561 | +5.5% |
| Amounts receivable within one year | 40/41 | €107,004 | €97,397 | -€9,607 | -9.0% |
| Other amounts receivable | 41 | €107,004 | €97,397 | -€9,607 | -9.0% |
| Cash at bank and in hand | 54/58 | €460,604 | €501,391 | +€40,787 | +8.9% |
| Deferred charges and accrued income | 490/1 | €7,430 | €7,811 | +€381 | +5.1% |
| Total equity and liabilities | 10/49 | €737,990 | €756,476 | +€18,486 | +2.5% |
| Equity | 10/15 | €67,578 | €74,916 | +€7,338 | +10.9% |
| Profit (loss) carried forward | 14 | €67,578 | €74,916 | +€7,338 | +10.9% |
| Amounts payable | 17/49 | €670,412 | €681,560 | +€11,148 | +1.7% |
| Amounts payable after more than one year | 17 | €72,139 | €57,625 | -€14,514 | -20.1% |
| Financial debts | 170/4 | €72,139 | €57,625 | -€14,514 | -20.1% |
| Amounts payable within one year | 42/48 | €522,012 | €473,449 | -€48,563 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €14,073 | €14,515 | +€442 | +3.1% |
| Trade debts | 44 | €5,267 | €5,129 | -€138 | -2.6% |
| Suppliers | 440/4 | €5,267 | €5,129 | -€138 | -2.6% |
| Taxes, remuneration and social security | 45 | €88,244 | €84,142 | -€4,102 | -4.6% |
| Taxes | 450/3 | €13,026 | €18,157 | +€5,131 | +39.4% |
| Remuneration and social security | 454/9 | €75,218 | €65,985 | -€9,233 | -12.3% |
| Accrued charges and deferred income | 492/3 | €76,261 | €150,486 | +€74,225 | +97.3% |
| Remuneration, social security and pensions | 62 | €597,978 | €636,705 | +€38,727 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,425 | €13,075 | -€2,350 | -15.2% |
| Other operating charges | 640/8 | €1,010 | €1,041 | +€31 | +3.1% |
| Non-recurring operating charges | 66A | €10 | €2,067 | +€2,057 | +20,570% |
| Gross operating margin | 9900 | €606,771 | €661,012 | +€54,241 | +8.9% |
| Operating profit (loss) | 9901 | -€7,652 | €8,124 | +€15,776 | |
| Financial income | 75/76B | €2,911 | €2,724 | -€187 | -6.4% |
| Recurring financial income | 75 | €1,911 | €2,724 | +€813 | +42.5% |
| Non-recurring financial income | 76B | €1,000 | - | -€1,000 | |
| Financial charges | 65/66B | €2,472 | €2,822 | +€350 | +14.2% |
| Recurring financial charges | 65 | €2,472 | €2,822 | +€350 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,213 | €8,026 | +€15,239 | |
| Income taxes | 67/77 | - | €688 | +€688 | |
| Profit (loss) for the period | 9904 | -€7,213 | €7,338 | +€14,551 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,213 | €7,338 | +€14,551 |
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 18 October 2026 via checked.be.