Alterfabs: what changed
Alterfabs
Largest movements
- Intangible fixed assets +€5,236
up €5,236, from €0 to €5,236
- Tangible fixed assets +€2,059
up €2,059 (+931%), from €221 to €2,280
of which Furniture and vehicles: +€2,280
- Cash -€1,093
down €1,093 (-8.4%), from €12,951 to €11,859
mainly Investment in fixed assets (net) (-€8,289) and Tax, wage and social debts (-€808)
- Receivables within one year -€878
down €878 (-20.1%), from €4,368 to €3,490
of which Trade receivables: -€878
- Deferred charges and accrued income -€523
down €523 (-47.7%), from €1,095 to €572
- Profit (loss) carried forward +€3,218
up €3,218 (+20.5%), from -€15,701 to -€12,483
- Trade debts +€2,506
up €2,506 (+42.8%), from €5,853 to €8,360
- Tax, wage and social debts -€808
down €808 (-30.5%), from €2,647 to €1,839
- Accrued charges and deferred income +€748
new in 2025: €748
- Other debts -€497
down €497 (-2.9%), from €17,177 to €16,680
- Gross operating margin -€7,904
down €7,904 (-50.1%), from €15,768 to €7,864
- Depreciation +€770
up €770 (+343%), from €224 to €994
- Taxes +€534
up €534 (+135%), from €396 to €930
- Other operating charges +€504
up €504 (+62.3%), from €809 to €1,313
- Financial charges -€346
down €346 (-19.7%), from €1,756 to €1,410
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,787 | €38,954 | +€5,168 | +15.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €521 | €7,816 | +€7,295 | +1,400% |
| Intangible fixed assets | 21 | €0 | €5,236 | +€5,236 | |
| Tangible fixed assets | 22/27 | €221 | €2,280 | +€2,059 | +931% |
| Plant, machinery and equipment | 23 | €221 | €0 | -€221 | -100% |
| Furniture and vehicles | 24 | €0 | €2,280 | +€2,280 | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €33,265 | €31,138 | -€2,127 | -6.4% |
| Stocks and contracts in progress | 3 | €14,851 | €15,217 | +€366 | +2.5% |
| Stocks | 30/36 | €14,851 | €15,217 | +€366 | +2.5% |
| Amounts receivable within one year | 40/41 | €4,368 | €3,490 | -€878 | -20.1% |
| Trade receivables | 40 | €4,220 | €3,342 | -€878 | -20.8% |
| Other amounts receivable | 41 | €148 | €148 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,951 | €11,859 | -€1,093 | -8.4% |
| Deferred charges and accrued income | 490/1 | €1,095 | €572 | -€523 | -47.7% |
| Total equity and liabilities | 10/49 | €33,787 | €38,954 | +€5,168 | +15.3% |
| Equity | 10/15 | €8,109 | €11,327 | +€3,218 | +39.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,210 | €5,210 | = | 0.0% |
| Distributable reserves | 133 | €5,210 | €5,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,701 | -€12,483 | +€3,218 | +20.5% |
| Amounts payable | 17/49 | €25,678 | €27,627 | +€1,950 | +7.6% |
| Amounts payable within one year | 42/48 | €25,678 | €26,879 | +€1,202 | +4.7% |
| Trade debts | 44 | €5,853 | €8,360 | +€2,506 | +42.8% |
| Suppliers | 440/4 | €5,853 | €8,360 | +€2,506 | +42.8% |
| Taxes, remuneration and social security | 45 | €2,647 | €1,839 | -€808 | -30.5% |
| Taxes | 450/3 | €2,647 | €1,839 | -€808 | -30.5% |
| Other amounts payable | 47/48 | €17,177 | €16,680 | -€497 | -2.9% |
| Accrued charges and deferred income | 492/3 | - | €748 | +€748 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €994 | +€770 | +343% |
| Other operating charges | 640/8 | €809 | €1,313 | +€504 | +62.3% |
| Gross operating margin | 9900 | €15,768 | €7,864 | -€7,904 | -50.1% |
| Operating profit (loss) | 9901 | €14,735 | €5,558 | -€9,177 | -62.3% |
| Financial income | 75/76B | €55 | €0 | -€55 | -99.9% |
| Recurring financial income | 75 | €55 | €0 | -€55 | -99.9% |
| Financial charges | 65/66B | €1,756 | €1,410 | -€346 | -19.7% |
| Recurring financial charges | 65 | €1,756 | €1,410 | -€346 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €13,034 | €4,148 | -€8,886 | -68.2% |
| Income taxes | 67/77 | €396 | €930 | +€534 | +135% |
| Profit (loss) for the period | 9904 | €12,638 | €3,218 | -€9,420 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,638 | €3,218 | -€9,420 | -74.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.