ALTABO: 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.
ALTABO
Largest movements
- Receivables within one year -€161,039
down €161,039 (-69.2%), from €232,801 to €71,762
of which Trade receivables: -€164,845
- Deferred charges and accrued income +€54,546
new in 2025: €54,546
- Cash +€24,539
up €24,539 (+188.1%), from €13,044 to €37,583
mainly Receivables within one year (+€161,039) and Net result for the year (+€24,580)
- Trade debts -€98,431
down €98,431 (-65.1%), from €151,096 to €52,664
- Reserves +€24,580
up €24,580 (+34.0%), from €72,254 to €96,834
- Tax, wage and social debts -€5,989
down €5,989 (-29.6%), from €20,241 to €14,252
- Other debts -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Gross operating margin -€65,134
down €65,134 (-67.2%), from €96,965 to €31,831
- Taxes -€12,974
down €12,974 (-67.7%), from €19,167 to €6,194
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 | €249,591 | €166,750 | -€82,841 | -33.2% |
| Fixed assets | 21/28 | €3,746 | €2,859 | -€887 | -23.7% |
| Tangible fixed assets | 22/27 | €3,746 | €2,859 | -€887 | -23.7% |
| Furniture and vehicles | 24 | €3,746 | €2,859 | -€887 | -23.7% |
| Current assets | 29/58 | €245,845 | €163,891 | -€81,954 | -33.3% |
| Amounts receivable within one year | 40/41 | €232,801 | €71,762 | -€161,039 | -69.2% |
| Trade receivables | 40 | €232,801 | €67,956 | -€164,845 | -70.8% |
| Other amounts receivable | 41 | - | €3,806 | +€3,806 | |
| Cash at bank and in hand | 54/58 | €13,044 | €37,583 | +€24,539 | +188.1% |
| Deferred charges and accrued income | 490/1 | - | €54,546 | +€54,546 | |
| Total equity and liabilities | 10/49 | €249,591 | €166,750 | -€82,841 | -33.2% |
| Equity | 10/15 | €75,254 | €99,834 | +€24,580 | +32.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €72,254 | €96,834 | +€24,580 | +34.0% |
| Distributable reserves | 133 | €72,254 | €96,834 | +€24,580 | +34.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €174,337 | €66,916 | -€107,420 | -61.6% |
| Amounts payable within one year | 42/48 | €174,337 | €66,916 | -€107,420 | -61.6% |
| Trade debts | 44 | €151,096 | €52,664 | -€98,431 | -65.1% |
| Suppliers | 440/4 | €151,096 | €52,664 | -€98,431 | -65.1% |
| Taxes, remuneration and social security | 45 | €20,241 | €14,252 | -€5,989 | -29.6% |
| Taxes | 450/3 | €20,241 | €14,252 | -€5,989 | -29.6% |
| Other amounts payable | 47/48 | €3,000 | €0 | -€3,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €689 | €887 | +€198 | +28.8% |
| Other operating charges | 640/8 | €281 | €0 | -€281 | -100.0% |
| Gross operating margin | 9900 | €96,965 | €31,831 | -€65,134 | -67.2% |
| Operating profit (loss) | 9901 | €95,995 | €30,944 | -€65,051 | -67.8% |
| Financial charges | 65/66B | €288 | €171 | -€117 | -40.6% |
| Recurring financial charges | 65 | €288 | €171 | -€117 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €95,707 | €30,773 | -€64,934 | -67.8% |
| Income taxes | 67/77 | €19,167 | €6,194 | -€12,974 | -67.7% |
| Profit (loss) for the period | 9904 | €76,540 | €24,580 | -€51,960 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,540 | €24,580 | -€51,960 | -67.9% |
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 9 October 2026 via checked.be.