Altafer: 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.
Altafer
Largest movements
- Cash +€24,183
up €24,183 (+153%), from €15,793 to €39,975
mainly Net result for the year (+€16,200) and Tax, wage and social debts (+€3,650)
- Tangible fixed assets -€3,158
down €3,158 (-26.5%), from €11,912 to €8,754
- Deferred charges and accrued income -€576
down €576 (-58.9%), from €978 to €402
- Profit (loss) carried forward +€15,367
up €15,367 (+264%), from €5,813 to €21,180
- Tax, wage and social debts +€3,650
up €3,650 (+69.5%), from €5,252 to €8,902
- Trade debts +€724
up €724 (+97.0%), from €747 to €1,471
- Accrued charges and deferred income +€718
new in 2025: €718
- Gross operating margin +€18,940
up €18,940 (+187%), from €10,102 to €29,041
- Taxes +€3,766
up €3,766 (+201%), from €1,877 to €5,643
- Depreciation +€2,439
up €2,439 (+340%), from €718 to €3,158
- Other operating charges +€1,588
up €1,588 (+95.2%), from €1,668 to €3,256
- Financial charges +€762
up €762 (+2,936%), from €26 to €788
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 | €28,696 | €49,132 | +€20,436 | +71.2% |
| Fixed assets | 21/28 | €11,912 | €8,754 | -€3,158 | -26.5% |
| Tangible fixed assets | 22/27 | €11,912 | €8,754 | -€3,158 | -26.5% |
| Furniture and vehicles | 24 | €11,912 | €8,754 | -€3,158 | -26.5% |
| Current assets | 29/58 | €16,784 | €40,378 | +€23,593 | +141% |
| Amounts receivable within one year | 40/41 | €14 | €0 | -€14 | -100% |
| Other amounts receivable | 41 | €14 | €0 | -€14 | -100% |
| Cash at bank and in hand | 54/58 | €15,793 | €39,975 | +€24,183 | +153% |
| Deferred charges and accrued income | 490/1 | €978 | €402 | -€576 | -58.9% |
| Total equity and liabilities | 10/49 | €28,696 | €49,132 | +€20,436 | +71.2% |
| Equity | 10/15 | €10,813 | €26,180 | +€15,367 | +142% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,813 | €21,180 | +€15,367 | +264% |
| Amounts payable | 17/49 | €17,884 | €22,952 | +€5,069 | +28.3% |
| Amounts payable within one year | 42/48 | €17,884 | €22,234 | +€4,351 | +24.3% |
| Trade debts | 44 | €747 | €1,471 | +€724 | +97.0% |
| Suppliers | 440/4 | €747 | €1,471 | +€724 | +97.0% |
| Taxes, remuneration and social security | 45 | €5,252 | €8,902 | +€3,650 | +69.5% |
| Taxes | 450/3 | €5,252 | €8,902 | +€3,650 | +69.5% |
| Other amounts payable | 47/48 | €11,885 | €11,861 | -€24 | -0.2% |
| Accrued charges and deferred income | 492/3 | - | €718 | +€718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718 | €3,158 | +€2,439 | +340% |
| Other operating charges | 640/8 | €1,668 | €3,256 | +€1,588 | +95.2% |
| Gross operating margin | 9900 | €10,102 | €29,041 | +€18,940 | +187% |
| Operating profit (loss) | 9901 | €7,715 | €22,628 | +€14,912 | +193% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €26 | €788 | +€762 | +2,936% |
| Recurring financial charges | 65 | €26 | €788 | +€762 | +2,936% |
| Profit (loss) for the period before taxes | 9903 | €7,690 | €21,843 | +€14,154 | +184% |
| Income taxes | 67/77 | €1,877 | €5,643 | +€3,766 | +201% |
| Profit (loss) for the period | 9904 | €5,813 | €16,200 | +€10,388 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €5,813 | €16,200 | +€10,388 | +179% |
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 17 October 2026 via checked.be.