Altaïr: what changed
What changed
Altaïr
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€181,598
2024 · -€66,734+€248,332
Equity
€5.5m
2024 · €5.3m+€181,598
Cash
€84,698
2024 · €22,437+€62,261
Balance sheet total
€5.8m
2024 · €5.7m+€172,331
Largest movements
Assets
- Current investments +€459,280
up €459,280 (+69.2%), from €663,315 to €1.1m
- Tangible fixed assets -€342,691
down €342,691 (-6.9%), from €4.9m to €4.6m
of which Land and buildings: -€298,408
- Cash +€62,261
up €62,261 (+277%), from €22,437 to €84,698
mainly Investment in fixed assets (net) (+€196,006) and Net result for the year (+€181,598)
Equity and liabilities
- Profit (loss) carried forward +€204,303
up €204,303 (+7.9%), from €2.6m to €2.8m
Income statement
- Gross operating margin +€249,222
up €249,222 (+1,429%), from €17,446 to €266,668
- Financial charges -€37,476
down €37,476 (-179%), from -€20,978 to -€58,454
- Depreciation +€34,797
up €34,797 (+31.1%), from €111,889 to €146,685
- Financial income -€10,212
down €10,212 (-19.3%), from €52,778 to €42,566
- Other operating charges -€6,064
down €6,064 (-11.7%), from €52,008 to €45,945
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€66,734
Gross operating margin
+€249,222
Staff costs
+€1,180
Depreciation
-€34,797
Other operating charges
+€6,064
Financial income
-€10,212
Financial charges
+€37,476
Taxes
-€601
Result 2025
€181,598
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€325,535
Investment
-€263,274
Financing
€0
Cash 2024
€22,437
From operations (derived)
+€325,535
Net result for the year
+€181,598
Depreciation
+€146,685
Receivables within one year
+€3,703
Deferred charges and accrued income
+€2,816
Provisions
-€7,569
Trade debts
+€855
Other debts
-€8,934
Accrued charges and deferred income
+€6,380
Investment (derived)
-€263,274
Investment in fixed assets (net)
+€196,006
Current investments
-€459,280
Cash 2025
€84,698
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,653,058 | €5,825,388 | +€172,331 | +3.0% |
| Fixed assets | 21/28 | €4,945,263 | €4,602,572 | -€342,691 | -6.9% |
| Tangible fixed assets | 22/27 | €4,945,263 | €4,602,572 | -€342,691 | -6.9% |
| Land and buildings | 22 | €4,725,038 | €4,426,629 | -€298,408 | -6.3% |
| Plant, machinery and equipment | 23 | €17,651 | €11,889 | -€5,762 | -32.6% |
| Furniture and vehicles | 24 | €202,575 | €164,054 | -€38,521 | -19.0% |
| Current assets | 29/58 | €707,794 | €1,222,816 | +€515,022 | +72.8% |
| Amounts receivable within one year | 40/41 | €15,834 | €12,131 | -€3,703 | -23.4% |
| Trade receivables | 40 | €1,558 | €0 | -€1,558 | -100% |
| Other amounts receivable | 41 | €14,276 | €12,131 | -€2,145 | -15.0% |
| Current investments | 50/53 | €663,315 | €1,122,595 | +€459,280 | +69.2% |
| Cash at bank and in hand | 54/58 | €22,437 | €84,698 | +€62,261 | +277% |
| Deferred charges and accrued income | 490/1 | €6,208 | €3,392 | -€2,816 | -45.4% |
| Total equity and liabilities | 10/49 | €5,653,058 | €5,825,388 | +€172,331 | +3.0% |
| Equity | 10/15 | €5,307,616 | €5,489,214 | +€181,598 | +3.4% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €2,230,757 | €2,208,051 | -€22,706 | -1.0% |
| Non-distributable reserves | 130/1 | €1,550,000 | €1,550,000 | = | 0.0% |
| Legal reserve | 130 | €1,550,000 | €1,550,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €680,757 | €658,051 | -€22,706 | -3.3% |
| Profit (loss) carried forward | 14 | €2,576,859 | €2,781,163 | +€204,303 | +7.9% |
| Provisions and deferred taxes | 16 | €255,810 | €248,241 | -€7,569 | -3.0% |
| Deferred taxes | 168 | €255,810 | €248,241 | -€7,569 | -3.0% |
| Amounts payable | 17/49 | €89,632 | €87,933 | -€1,698 | -1.9% |
| Amounts payable after more than one year | 17 | €12,150 | €12,150 | = | 0.0% |
| Other amounts payable | 178/9 | €12,150 | €12,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,264 | €18,186 | -€8,078 | -30.8% |
| Trade debts | 44 | €2,989 | €3,845 | +€855 | +28.6% |
| Suppliers | 440/4 | €2,989 | €3,845 | +€855 | +28.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,275 | €14,341 | -€8,934 | -38.4% |
| Accrued charges and deferred income | 492/3 | €51,217 | €57,597 | +€6,380 | +12.5% |
| Remuneration, social security and pensions | 62 | €1,180 | €0 | -€1,180 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,889 | €146,685 | +€34,797 | +31.1% |
| Other operating charges | 640/8 | €52,008 | €45,945 | -€6,064 | -11.7% |
| Gross operating margin | 9900 | €17,446 | €266,668 | +€249,222 | +1,429% |
| Operating profit (loss) | 9901 | -€147,631 | €74,038 | +€221,669 | |
| Financial income | 75/76B | €52,778 | €42,566 | -€10,212 | -19.3% |
| Recurring financial income | 75 | €52,778 | €42,566 | -€10,212 | -19.3% |
| Financial charges | 65/66B | -€20,978 | -€58,454 | -€37,476 | -179% |
| Recurring financial charges | 65 | -€20,978 | -€58,454 | -€37,476 | -179% |
| Profit (loss) for the period before taxes | 9903 | -€73,875 | €175,058 | +€248,933 | |
| Transfer from deferred taxes | 780 | €7,569 | €7,569 | +€0 | 0.0% |
| Income taxes | 67/77 | €427 | €1,029 | +€601 | +141% |
| Profit (loss) for the period | 9904 | -€66,734 | €181,598 | +€248,332 | |
| Transfer from tax-exempt reserves | 789 | €22,706 | €22,706 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,028 | €204,303 | +€248,332 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.