NEW ALTERNATIVE: what changed
Two fiscal 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.
NEW ALTERNATIVE
Largest movements
- Cash -€133,526
down €133,526 (-85.6%), from €156,013 to €22,487
mainly Receivables within one year (-€114,171) and Trade debts (-€23,940)
- Receivables within one year +€114,171
up €114,171 (+14.3%), from €800,326 to €914,497
of which Other amounts receivable: +€170,222
- Tangible fixed assets -€24,615
down €24,615 (-26.3%), from €93,624 to €69,009
of which Furniture and vehicles: -€15,631
- Trade debts -€23,940
down €23,940 (-97.6%), from €24,522 to €582
- Gross operating margin -€584,031
down €584,031 (-99.4%), from €587,323 to €3,292
- Taxes -€160,287
down €160,287 (-99.3%), from €161,423 to €1,135
- Staff costs -€50,226
down €50,226 (-77.2%), from €65,056 to €14,829
- Financial income +€21,818
up €21,818 (+749.1%), from €2,912 to €24,730
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.
Cash bridge derived
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 | €1,855,694 | €1,811,749 | -€43,945 | -2.4% |
| Fixed assets | 21/28 | €99,355 | €74,765 | -€24,590 | -24.7% |
| Tangible fixed assets | 22/27 | €93,624 | €69,009 | -€24,615 | -26.3% |
| Furniture and vehicles | 24 | €19,353 | €3,722 | -€15,631 | -80.8% |
| Other tangible fixed assets | 26 | €74,271 | €65,288 | -€8,983 | -12.1% |
| Financial fixed assets | 28 | €5,731 | €5,756 | +€24 | +0.4% |
| Current assets | 29/58 | €1,756,339 | €1,736,984 | -€19,355 | -1.1% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €800,326 | €914,497 | +€114,171 | +14.3% |
| Trade receivables | 40 | €60,250 | €4,199 | -€56,051 | -93.0% |
| Other amounts receivable | 41 | €740,076 | €910,297 | +€170,222 | +23.0% |
| Current investments | 50/53 | €650,000 | €650,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €156,013 | €22,487 | -€133,526 | -85.6% |
| Total equity and liabilities | 10/49 | €1,855,694 | €1,811,749 | -€43,945 | -2.4% |
| Equity | 10/15 | €1,787,800 | €1,770,748 | -€17,051 | -1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €1,763,900 | €1,763,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | €1,761,900 | €1,761,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,900 | -€13,152 | -€17,051 | |
| Amounts payable | 17/49 | €67,894 | €41,001 | -€26,894 | -39.6% |
| Amounts payable within one year | 42/48 | €67,894 | €41,001 | -€26,894 | -39.6% |
| Trade debts | 44 | €24,522 | €582 | -€23,940 | -97.6% |
| Suppliers | 440/4 | €24,522 | €582 | -€23,940 | -97.6% |
| Taxes, remuneration and social security | 45 | €43,373 | €40,419 | -€2,954 | -6.8% |
| Taxes | 450/3 | €39,523 | €40,419 | +€895 | +2.3% |
| Remuneration and social security | 454/9 | €3,850 | - | -€3,850 | |
| Non-recurring operating income | 76A | €165 | €4,350 | +€4,185 | +2531.7% |
| Remuneration, social security and pensions | 62 | €65,056 | €14,829 | -€50,226 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,153 | €24,615 | -€4,538 | -15.6% |
| Other operating charges | 640/8 | €3,304 | €3,060 | -€245 | -7.4% |
| Gross operating margin | 9900 | €587,323 | €3,292 | -€584,031 | -99.4% |
| Operating profit (loss) | 9901 | €489,810 | -€39,212 | -€529,021 | |
| Financial income | 75/76B | €2,912 | €24,730 | +€21,818 | +749.1% |
| Recurring financial income | 75 | €2,912 | €24,730 | +€21,818 | +749.1% |
| Financial charges | 65/66B | €1,838 | €1,434 | -€404 | -22.0% |
| Recurring financial charges | 65 | €1,838 | €1,434 | -€404 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €490,884 | -€15,916 | -€506,800 | |
| Income taxes | 67/77 | €161,423 | €1,135 | -€160,287 | -99.3% |
| Profit (loss) for the period | 9904 | €329,461 | -€17,051 | -€346,512 | |
| Profit (loss) for the period to be appropriated | 9905 | €329,461 | -€17,051 | -€346,512 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.