ALTAICA: 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.
ALTAICA
Largest movements
- Current investments +€13,500
up €13,500 (+57.4%), from €23,500 to €37,000
- Receivables within one year +€10,843
up €10,843 (+74.9%), from €14,479 to €25,322
of which Trade receivables: +€11,623
- Cash -€4,952
down €4,952 (-39.4%), from €12,565 to €7,613
mainly Contributions, distributions and other (-€80,000) and Current investments (-€13,500)
- Deferred charges and accrued income -€2,818
down €2,818 (-33.3%), from €8,453 to €5,636
- Profit (loss) carried forward +€13,346
up €13,346 (+30.7%), from €43,422 to €56,769
- Tax, wage and social debts +€4,362
up €4,362 (+639%), from €683 to €5,046
- Gross operating margin +€25,350
up €25,350 (+26.2%), from €96,833 to €122,183
- Taxes +€5,849
up €5,849 (+31.3%), from €18,683 to €24,532
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 | €60,229 | €77,176 | +€16,948 | +28.1% |
| Formation expenses | 20 | €102 | - | -€102 | |
| Fixed assets | 21/28 | €1,130 | €1,606 | +€476 | +42.1% |
| Tangible fixed assets | 22/27 | €1,130 | €1,606 | +€476 | +42.1% |
| Furniture and vehicles | 24 | €1,130 | €1,606 | +€476 | +42.1% |
| Current assets | 29/58 | €58,997 | €75,570 | +€16,573 | +28.1% |
| Amounts receivable within one year | 40/41 | €14,479 | €25,322 | +€10,843 | +74.9% |
| Trade receivables | 40 | €8,154 | €19,778 | +€11,623 | +143% |
| Other amounts receivable | 41 | €6,325 | €5,544 | -€781 | -12.3% |
| Current investments | 50/53 | €23,500 | €37,000 | +€13,500 | +57.4% |
| Cash at bank and in hand | 54/58 | €12,565 | €7,613 | -€4,952 | -39.4% |
| Deferred charges and accrued income | 490/1 | €8,453 | €5,636 | -€2,818 | -33.3% |
| Total equity and liabilities | 10/49 | €60,229 | €77,176 | +€16,948 | +28.1% |
| Equity | 10/15 | €47,422 | €60,769 | +€13,346 | +28.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,422 | €56,769 | +€13,346 | +30.7% |
| Amounts payable | 17/49 | €12,806 | €16,408 | +€3,601 | +28.1% |
| Amounts payable within one year | 42/48 | €12,806 | €16,408 | +€3,601 | +28.1% |
| Financial debts | 43 | €9,000 | €8,358 | -€642 | -7.1% |
| Other loans | 439 | €9,000 | €8,358 | -€642 | -7.1% |
| Trade debts | 44 | €3,123 | €3,005 | -€119 | -3.8% |
| Suppliers | 440/4 | €3,123 | €3,005 | -€119 | -3.8% |
| Taxes, remuneration and social security | 45 | €683 | €5,046 | +€4,362 | +639% |
| Taxes | 450/3 | €683 | €5,046 | +€4,362 | +639% |
| Remuneration, social security and pensions | 62 | €726 | - | -€726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €791 | €686 | -€105 | -13.3% |
| Other operating charges | 640/8 | €899 | €1,801 | +€902 | +100% |
| Gross operating margin | 9900 | €96,833 | €122,183 | +€25,350 | +26.2% |
| Operating profit (loss) | 9901 | €94,417 | €119,696 | +€25,278 | +26.8% |
| Financial income | 75/76B | €795 | €553 | -€241 | -30.3% |
| Recurring financial income | 75 | €795 | €553 | -€241 | -30.3% |
| Financial charges | 65/66B | €2,070 | €2,371 | +€300 | +14.5% |
| Recurring financial charges | 65 | €2,070 | €2,371 | +€300 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €93,142 | €117,878 | +€24,737 | +26.6% |
| Income taxes | 67/77 | €18,683 | €24,532 | +€5,849 | +31.3% |
| Profit (loss) for the period | 9904 | €74,458 | €93,346 | +€18,888 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,458 | €93,346 | +€18,888 | +25.4% |
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 22 October 2026 via checked.be.