Alter Form: 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.
Alter Form
Largest movements
- Receivables within one year -€105,174
down €105,174 (-29.1%), from €361,287 to €256,113
of which Other amounts receivable: -€86,090
- Financial fixed assets +€18,108
up €18,108 (+73.1%), from €24,781 to €42,889
- Deferred charges and accrued income +€7,081
up €7,081 (+72.9%), from €9,713 to €16,794
- Tangible fixed assets -€5,382
down €5,382 (-24.7%), from €21,771 to €16,389
- Cash -€5,082
down €5,082 (-77.6%), from €6,553 to €1,471
mainly Debts within one year (-€72,695) and Investment in fixed assets (net) (-€18,108)
- Debts within one year -€72,695
down €72,695 (-18.3%), from €396,616 to €323,921
- Profit (loss) carried forward -€11,781
down €11,781 (-66.6%), from -€17,686 to -€29,467
- Debts after one year -€5,168
down €5,168 (-33.9%), from €15,248 to €10,080
- Turnover -€1.3m
down €1.3m (-100.0%), from €1.3m to €497
- Gross operating margin -€143,699
down €143,699 (-13.9%), from €1.0m to €891,802
- Staff costs -€142,109
down €142,109 (-14.2%), from €1.0m to €860,223
- Purchases and services +€33,331
up €33,331 (+10.7%), from €312,369 to €345,700
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 | €429,105 | €335,156 | -€93,949 | -21.9% |
| Fixed assets | 21/28 | €46,552 | €59,278 | +€12,726 | +27.3% |
| Tangible fixed assets | 22/27 | €21,771 | €16,389 | -€5,382 | -24.7% |
| Furniture and vehicles | 24 | €21,771 | €16,389 | -€5,382 | -24.7% |
| Financial fixed assets | 28 | €24,781 | €42,889 | +€18,108 | +73.1% |
| Current assets | 29/58 | €382,553 | €275,878 | -€106,675 | -27.9% |
| Amounts receivable after more than one year | 29 | €5,000 | €1,500 | -€3,500 | -70.0% |
| Other amounts receivable | 291 | €5,000 | €1,500 | -€3,500 | -70.0% |
| Amounts receivable within one year | 40/41 | €361,287 | €256,113 | -€105,174 | -29.1% |
| Trade receivables | 40 | €24,484 | €5,400 | -€19,084 | -77.9% |
| Other amounts receivable | 41 | €336,803 | €250,713 | -€86,090 | -25.6% |
| Cash at bank and in hand | 54/58 | €6,553 | €1,471 | -€5,082 | -77.6% |
| Deferred charges and accrued income | 490/1 | €9,713 | €16,794 | +€7,081 | +72.9% |
| Total equity and liabilities | 10/49 | €429,105 | €335,156 | -€93,949 | -21.9% |
| Equity | 10/15 | -€7,471 | -€23,293 | -€15,822 | -212% |
| Reserves | 13 | €165 | €165 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,686 | -€29,467 | -€11,781 | -66.6% |
| Investment grants | 15 | €10,050 | €6,009 | -€4,041 | -40.2% |
| Provisions and deferred taxes | 16 | €9,679 | €9,679 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,679 | €9,679 | = | 0.0% |
| Other liabilities and charges | 164/5 | €9,679 | €9,679 | = | 0.0% |
| Amounts payable | 17/49 | €426,897 | €348,770 | -€78,127 | -18.3% |
| Amounts payable after more than one year | 17 | €15,248 | €10,080 | -€5,168 | -33.9% |
| Financial debts | 170/4 | €15,248 | €10,080 | -€5,168 | -33.9% |
| Amounts payable within one year | 42/48 | €396,616 | €323,921 | -€72,695 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €4,947 | €5,167 | +€220 | +4.4% |
| Trade debts | 44 | €108,533 | €103,952 | -€4,581 | -4.2% |
| Suppliers | 440/4 | €108,533 | €103,952 | -€4,581 | -4.2% |
| Taxes, remuneration and social security | 45 | €78,136 | €88,206 | +€10,070 | +12.9% |
| Taxes | 450/3 | €327 | €49 | -€278 | -85.0% |
| Remuneration and social security | 454/9 | €77,809 | €88,157 | +€10,348 | +13.3% |
| Accrued charges and deferred income | 492/3 | €15,033 | €14,769 | -€264 | -1.8% |
| Turnover | 70 | €1,347,871 | €497 | -€1.3m | -100.0% |
| Membership fees, donations, legacies and grants | 73 | - | €1,236,854 | +€1.2m | |
| Non-recurring operating income | 76A | - | €150 | +€150 | |
| Goods, raw materials, services and sundry goods | 60/61 | €312,369 | €345,700 | +€33,331 | +10.7% |
| Remuneration, social security and pensions | 62 | €1,002,332 | €860,223 | -€142,109 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,382 | €5,382 | = | 0.0% |
| Other operating charges | 640/8 | €34,063 | €33,146 | -€917 | -2.7% |
| Non-recurring operating charges | 66A | €9,759 | €3,655 | -€6,104 | -62.5% |
| Gross operating margin | 9900 | €1,035,501 | €891,802 | -€143,699 | -13.9% |
| Operating profit (loss) | 9901 | -€15,202 | -€10,604 | +€4,598 | +30.2% |
| Financial income | 75/76B | €37 | €1 | -€36 | -97.3% |
| Recurring financial income | 75 | €37 | €1 | -€36 | -97.3% |
| Financial charges | 65/66B | €1,423 | €1,178 | -€245 | -17.2% |
| Recurring financial charges | 65 | €1,423 | €1,178 | -€245 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,588 | -€11,781 | +€4,807 | +29.0% |
| Profit (loss) for the period | 9904 | -€16,588 | -€11,781 | +€4,807 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,588 | -€11,781 | +€4,807 | +29.0% |
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.