Alta Normo: 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.
Alta Normo
Largest movements
- Cash +€33,245
up €33,245 (+25.3%), from €131,617 to €164,862
mainly Other debts (+€109,907) and Net result for the year (+€75,592)
- Receivables within one year +€7,224
up €7,224 (+27.9%), from €25,882 to €33,105
of which Trade receivables: +€5,844
- Current investments +€5,000
up €5,000 (+11.2%), from €44,690 to €49,690
- Tangible fixed assets -€2,867
down €2,867 (-18.0%), from €15,918 to €13,051
of which Land and buildings: -€1,718
- Other debts +€109,907
up €109,907 (+914%), from €12,024 to €121,931
- Reserves -€91,467
down €91,467 (-49.6%), from €184,513 to €93,047
- Tax, wage and social debts +€22,846
up €22,846 (+692%), from €3,303 to €26,149
- Gross operating margin +€15,316
up €15,316 (+20.0%), from €76,435 to €91,751
- Financial income +€6,781
up €6,781 (+797%), from €851 to €7,632
- Taxes +€2,977
up €2,977 (+19.9%), from €14,933 to €17,910
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 | €220,519 | €261,520 | +€41,001 | +18.6% |
| Fixed assets | 21/28 | €15,918 | €13,051 | -€2,867 | -18.0% |
| Tangible fixed assets | 22/27 | €15,918 | €13,051 | -€2,867 | -18.0% |
| Land and buildings | 22 | €12,548 | €10,830 | -€1,718 | -13.7% |
| Plant, machinery and equipment | 23 | €1,831 | €877 | -€954 | -52.1% |
| Furniture and vehicles | 24 | €1,539 | €1,344 | -€195 | -12.7% |
| Current assets | 29/58 | €204,601 | €248,469 | +€43,868 | +21.4% |
| Amounts receivable within one year | 40/41 | €25,882 | €33,105 | +€7,224 | +27.9% |
| Trade receivables | 40 | €25,882 | €31,726 | +€5,844 | +22.6% |
| Other amounts receivable | 41 | €0 | €1,379 | +€1,379 | |
| Current investments | 50/53 | €44,690 | €49,690 | +€5,000 | +11.2% |
| Cash at bank and in hand | 54/58 | €131,617 | €164,862 | +€33,245 | +25.3% |
| Deferred charges and accrued income | 490/1 | €2,413 | €812 | -€1,601 | -66.4% |
| Total equity and liabilities | 10/49 | €220,519 | €261,520 | +€41,001 | +18.6% |
| Equity | 10/15 | €203,113 | €111,647 | -€91,467 | -45.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €184,513 | €93,047 | -€91,467 | -49.6% |
| Distributable reserves | 133 | €184,513 | €93,047 | -€91,467 | -49.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,406 | €149,873 | +€132,468 | +761% |
| Amounts payable within one year | 42/48 | €16,232 | €148,972 | +€132,740 | +818% |
| Trade debts | 44 | €905 | €892 | -€13 | -1.4% |
| Suppliers | 440/4 | €905 | €892 | -€13 | -1.4% |
| Taxes, remuneration and social security | 45 | €3,303 | €26,149 | +€22,846 | +692% |
| Taxes | 450/3 | €3,303 | €26,149 | +€22,846 | +692% |
| Other amounts payable | 47/48 | €12,024 | €121,931 | +€109,907 | +914% |
| Accrued charges and deferred income | 492/3 | €1,174 | €901 | -€272 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,460 | €3,581 | +€121 | +3.5% |
| Other operating charges | 640/8 | €1,662 | €1,342 | -€320 | -19.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €76,435 | €91,751 | +€15,316 | +20.0% |
| Operating profit (loss) | 9901 | €71,313 | €86,827 | +€15,515 | +21.8% |
| Financial income | 75/76B | €851 | €7,632 | +€6,781 | +797% |
| Recurring financial income | 75 | €851 | €7,632 | +€6,781 | +797% |
| Financial charges | 65/66B | €1,312 | €957 | -€356 | -27.1% |
| Recurring financial charges | 65 | €1,312 | €957 | -€356 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €70,852 | €93,502 | +€22,651 | +32.0% |
| Income taxes | 67/77 | €14,933 | €17,910 | +€2,977 | +19.9% |
| Profit (loss) for the period | 9904 | €55,918 | €75,592 | +€19,674 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,918 | €75,592 | +€19,674 | +35.2% |
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 19 October 2026 via checked.be.