L'AUTRE 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'AUTRE ALTERNATIVE
Largest movements
- Cash +€69,429
up €69,429 (+50.1%), from €138,564 to €207,993
mainly Net result for the year (+€63,125) and Tax, wage and social debts (+€17,105)
- Tangible fixed assets -€11,906
down €11,906 (-37.0%), from €32,166 to €20,260
of which Furniture and vehicles: -€7,225
- Reserves +€63,125
up €63,125 (+143%), from €44,093 to €107,218
of which Distributable reserves: +€63,125
- Tax, wage and social debts +€17,105
up €17,105 (+133%), from €12,892 to €29,997
- Other debts -€14,320
down €14,320 (-58.3%), from €24,560 to €10,240
- Current portion of long-term debt -€7,316
no longer reported in 2025 (was €7,316)
- Gross operating margin +€60,336
up €60,336 (+134%), from €45,167 to €105,502
- Taxes +€23,112
up €23,112 (+235%), from €9,843 to €32,955
- Other operating charges -€3,237
down €3,237 (-81.4%), from €3,976 to €739
- Depreciation -€1,063
down €1,063 (-12.8%), from €8,288 to €7,225
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 | €174,890 | €232,695 | +€57,804 | +33.1% |
| Fixed assets | 21/28 | €32,166 | €20,260 | -€11,906 | -37.0% |
| Tangible fixed assets | 22/27 | €32,166 | €20,260 | -€11,906 | -37.0% |
| Land and buildings | 22 | €5,140 | €459 | -€4,682 | -91.1% |
| Furniture and vehicles | 24 | €27,026 | €19,801 | -€7,225 | -26.7% |
| Current assets | 29/58 | €142,724 | €212,435 | +€69,711 | +48.8% |
| Amounts receivable within one year | 40/41 | €4,074 | €4,442 | +€368 | +9.0% |
| Trade receivables | 40 | €3,977 | €3,834 | -€143 | -3.6% |
| Other amounts receivable | 41 | €97 | €608 | +€511 | +527% |
| Cash at bank and in hand | 54/58 | €138,564 | €207,993 | +€69,429 | +50.1% |
| Deferred charges and accrued income | 490/1 | €86 | - | -€86 | |
| Total equity and liabilities | 10/49 | €174,890 | €232,695 | +€57,804 | +33.1% |
| Equity | 10/15 | €129,326 | €192,452 | +€63,125 | +48.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €44,093 | €107,218 | +€63,125 | +143% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €41,593 | €104,718 | +€63,125 | +152% |
| Profit (loss) carried forward | 14 | €60,234 | €60,234 | = | 0.0% |
| Amounts payable | 17/49 | €45,564 | €40,243 | -€5,321 | -11.7% |
| Amounts payable within one year | 42/48 | €45,564 | €40,243 | -€5,321 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €7,316 | - | -€7,316 | |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €795 | - | -€795 | |
| Suppliers | 440/4 | €795 | - | -€795 | |
| Taxes, remuneration and social security | 45 | €12,892 | €29,997 | +€17,105 | +133% |
| Taxes | 450/3 | €12,892 | €29,997 | +€17,105 | +133% |
| Other amounts payable | 47/48 | €24,560 | €10,240 | -€14,320 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,288 | €7,225 | -€1,063 | -12.8% |
| Other operating charges | 640/8 | €3,976 | €739 | -€3,237 | -81.4% |
| Gross operating margin | 9900 | €45,167 | €105,502 | +€60,336 | +134% |
| Operating profit (loss) | 9901 | €32,903 | €97,538 | +€64,635 | +196% |
| Financial income | 75/76B | €0 | €10 | +€10 | +3,920% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +3,920% |
| Financial charges | 65/66B | €1,938 | €1,468 | -€470 | -24.3% |
| Recurring financial charges | 65 | €1,938 | €1,468 | -€470 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €30,966 | €96,080 | +€65,115 | +210% |
| Income taxes | 67/77 | €9,843 | €32,955 | +€23,112 | +235% |
| Profit (loss) for the period | 9904 | €21,123 | €63,125 | +€42,002 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €21,123 | €63,125 | +€42,002 | +199% |
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 25 October 2026 via checked.be.