ALTAFIN: 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.
ALTAFIN
Largest movements
- Receivables within one year +€5,657
up €5,657 (+252.2%), from €2,243 to €7,900
of which Other amounts receivable: +€5,511
- Cash +€1,843
up €1,843 (+16.1%), from €11,449 to €13,292
mainly Accrued charges and deferred income (+€10,500) and Net result for the year (+€8,770)
- Other debts -€11,599
down €11,599 (-100.0%), from €11,599 to €0
- Accrued charges and deferred income +€10,500
up €10,500 (+7.2%), from €146,540 to €157,040
- Profit (loss) carried forward +€8,770
up €8,770 (+1.5%), from -€585,340 to -€576,569
- Trade debts -€233
down €233 (-76.7%), from €304 to €71
- Financial income -€509,960
down €509,960 (-100.0%), from €509,977 to €17
of which Non-recurring financial income: -€509,973
- Gross operating margin +€5,748
up €5,748 (+38.5%), from €14,945 to €20,693
- Other operating charges +€1,334
up €1,334 (+2090.7%), from €64 to €1,398
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,692 | €21,192 | +€7,500 | +54.8% |
| Current assets | 29/58 | €13,692 | €21,192 | +€7,500 | +54.8% |
| Amounts receivable within one year | 40/41 | €2,243 | €7,900 | +€5,657 | +252.2% |
| Trade receivables | 40 | €1,233 | €1,378 | +€145 | +11.8% |
| Other amounts receivable | 41 | €1,010 | €6,522 | +€5,511 | +545.7% |
| Cash at bank and in hand | 54/58 | €11,449 | €13,292 | +€1,843 | +16.1% |
| Total equity and liabilities | 10/49 | €13,692 | €21,192 | +€7,500 | +54.8% |
| Equity | 10/15 | -€319,886 | -€311,116 | +€8,770 | +2.7% |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Reserves | 13 | €453 | €453 | = | 0.0% |
| Non-distributable reserves | 130/1 | €453 | €453 | = | 0.0% |
| Reserves not available under the articles | 1311 | €453 | €453 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€585,340 | -€576,569 | +€8,770 | +1.5% |
| Amounts payable | 17/49 | €333,578 | €332,308 | -€1,270 | -0.4% |
| Amounts payable after more than one year | 17 | €175,000 | €175,000 | = | 0.0% |
| Financial debts | 170/4 | €175,000 | €175,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,038 | €268 | -€11,770 | -97.8% |
| Trade debts | 44 | €304 | €71 | -€233 | -76.7% |
| Suppliers | 440/4 | €304 | €71 | -€233 | -76.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €135 | €197 | +€62 | +46.0% |
| Taxes | 450/3 | €135 | €197 | +€62 | +46.0% |
| Other amounts payable | 47/48 | €11,599 | €0 | -€11,599 | -100.0% |
| Accrued charges and deferred income | 492/3 | €146,540 | €157,040 | +€10,500 | +7.2% |
| Other operating charges | 640/8 | €64 | €1,398 | +€1,334 | +2090.7% |
| Non-recurring operating charges | 66A | €509,973 | €0 | -€509,973 | -100.0% |
| Gross operating margin | 9900 | €14,945 | €20,693 | +€5,748 | +38.5% |
| Operating profit (loss) | 9901 | -€495,092 | €19,296 | +€514,388 | |
| Financial income | 75/76B | €509,977 | €17 | -€509,960 | -100.0% |
| Recurring financial income | 75 | €4 | €17 | +€14 | +388.1% |
| Non-recurring financial income | 76B | €509,973 | €0 | -€509,973 | -100.0% |
| Financial charges | 65/66B | €10,543 | €10,542 | -€0 | 0.0% |
| Recurring financial charges | 65 | €10,543 | €10,542 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,342 | €8,770 | +€4,429 | +102.0% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period | 9904 | €4,341 | €8,770 | +€4,430 | +102.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,341 | €8,770 | +€4,430 | +102.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.