ALTAGH-IMMO: 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.
ALTAGH-IMMO
Largest movements
- Tangible fixed assets -€9,893
down €9,893 (-6.3%), from €156,002 to €146,109
- Cash -€3,650
down €3,650 (-68.5%), from €5,328 to €1,678
mainly Net result for the year (-€7,253) and Debts after one year (-€4,472)
- Profit (loss) carried forward -€7,253
down €7,253 (-29.2%), from -€24,847 to -€32,100
- Debts after one year -€4,472
down €4,472 (-6.1%), from €73,538 to €69,066
- Depreciation -€10,825
down €10,825 (-52.2%), from €20,718 to €9,893
- Gross operating margin +€6,041
up €6,041 (+617.8%), from €978 to €7,019
- Financial charges +€971
up €971 (+46.2%), from €2,101 to €3,072
- Other operating charges +€936
up €936 (+252.3%), from €371 to €1,307
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 | €161,330 | €147,786 | -€13,543 | -8.4% |
| Fixed assets | 21/28 | €156,002 | €146,109 | -€9,893 | -6.3% |
| Tangible fixed assets | 22/27 | €156,002 | €146,109 | -€9,893 | -6.3% |
| Land and buildings | 22 | €156,002 | €146,109 | -€9,893 | -6.3% |
| Current assets | 29/58 | €5,328 | €1,678 | -€3,650 | -68.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,328 | €1,678 | -€3,650 | -68.5% |
| Total equity and liabilities | 10/49 | €161,330 | €147,786 | -€13,543 | -8.4% |
| Equity | 10/15 | €10,054 | €2,800 | -€7,253 | -72.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €4,900 | €4,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,900 | €4,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,847 | -€32,100 | -€7,253 | -29.2% |
| Amounts payable | 17/49 | €151,276 | €144,986 | -€6,290 | -4.2% |
| Amounts payable after more than one year | 17 | €73,538 | €69,066 | -€4,472 | -6.1% |
| Financial debts | 170/4 | €73,538 | €69,066 | -€4,472 | -6.1% |
| Amounts payable within one year | 42/48 | €77,738 | €75,920 | -€1,818 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €4,680 | €4,472 | -€208 | -4.4% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €73,058 | €71,448 | -€1,610 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,718 | €9,893 | -€10,825 | -52.2% |
| Other operating charges | 640/8 | €371 | €1,307 | +€936 | +252.3% |
| Gross operating margin | 9900 | €978 | €7,019 | +€6,041 | +617.8% |
| Operating profit (loss) | 9901 | -€20,111 | -€4,181 | +€15,930 | +79.2% |
| Financial charges | 65/66B | €2,101 | €3,072 | +€971 | +46.2% |
| Recurring financial charges | 65 | €2,101 | €3,072 | +€971 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,213 | -€7,253 | +€14,960 | +67.3% |
| Profit (loss) for the period | 9904 | -€22,213 | -€7,253 | +€14,960 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,213 | -€7,253 | +€14,960 | +67.3% |
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 12 October 2026 via checked.be.