Altaïr Engineer: 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.
Altaïr Engineer
Largest movements
- Cash -€52,150
down €52,150 (-91.1%), from €57,220 to €5,071
mainly Other debts (-€56,121) and Net result for the year (-€3,840)
- Deferred charges and accrued income +€2,583
up €2,583 (+165%), from €1,565 to €4,148
- Tangible fixed assets -€1,341
down €1,341 (-15.0%), from €8,949 to €7,607
of which Furniture and vehicles: -€741
- Other debts -€56,121
down €56,121 (-100%), from €56,121 to €0
- Provisions +€15,199
up €15,199 (+65.0%), from €23,400 to €38,599
- Profit (loss) carried forward -€3,840
down €3,840, from €1,938 to -€1,903
- Trade debts -€3,749
down €3,749 (-76.2%), from €4,920 to €1,171
- Tax, wage and social debts -€3,423
down €3,423 (-22.6%), from €15,164 to €11,740
- Financial charges -€13,330
down €13,330 (-36.6%), from €36,383 to €23,053
- Financial income -€10,619
down €10,619 (-99.9%), from €10,631 to €12
- Gross operating margin +€9,302
up €9,302 (+27.1%), from €34,341 to €43,642
- Provisions -€8,201
down €8,201 (-35.0%), from €23,400 to €15,199
- Taxes +€2,410
up €2,410 (+115%), from €2,101 to €4,512
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 | €103,542 | €51,607 | -€51,935 | -50.2% |
| Fixed assets | 21/28 | €8,949 | €7,607 | -€1,341 | -15.0% |
| Tangible fixed assets | 22/27 | €8,949 | €7,607 | -€1,341 | -15.0% |
| Furniture and vehicles | 24 | €4,149 | €3,407 | -€741 | -17.9% |
| Other tangible fixed assets | 26 | €4,800 | €4,200 | -€600 | -12.5% |
| Current assets | 29/58 | €94,593 | €44,000 | -€50,593 | -53.5% |
| Amounts receivable within one year | 40/41 | €35,808 | €34,782 | -€1,026 | -2.9% |
| Trade receivables | 40 | €13,779 | €30,593 | +€16,814 | +122% |
| Other amounts receivable | 41 | €22,029 | €4,189 | -€17,840 | -81.0% |
| Cash at bank and in hand | 54/58 | €57,220 | €5,071 | -€52,150 | -91.1% |
| Deferred charges and accrued income | 490/1 | €1,565 | €4,148 | +€2,583 | +165% |
| Total equity and liabilities | 10/49 | €103,542 | €51,607 | -€51,935 | -50.2% |
| Equity | 10/15 | €3,938 | €97 | -€3,840 | -97.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,938 | -€1,903 | -€3,840 | |
| Provisions and deferred taxes | 16 | €23,400 | €38,599 | +€15,199 | +65.0% |
| Provisions for liabilities and charges | 160/5 | €23,400 | €38,599 | +€15,199 | +65.0% |
| Taxes | 161 | €23,400 | €0 | -€23,400 | -100% |
| Other liabilities and charges | 164/5 | - | €38,599 | +€38,599 | |
| Amounts payable | 17/49 | €76,204 | €12,911 | -€63,293 | -83.1% |
| Amounts payable within one year | 42/48 | €76,204 | €12,911 | -€63,293 | -83.1% |
| Trade debts | 44 | €4,920 | €1,171 | -€3,749 | -76.2% |
| Suppliers | 440/4 | €4,920 | €1,171 | -€3,749 | -76.2% |
| Taxes, remuneration and social security | 45 | €15,164 | €11,740 | -€3,423 | -22.6% |
| Taxes | 450/3 | €15,164 | €11,740 | -€3,423 | -22.6% |
| Other amounts payable | 47/48 | €56,121 | €0 | -€56,121 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,141 | €2,471 | -€670 | -21.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €23,400 | €15,199 | -€8,201 | -35.0% |
| Other operating charges | 640/8 | €914 | €2,259 | +€1,345 | +147% |
| Gross operating margin | 9900 | €34,341 | €43,642 | +€9,302 | +27.1% |
| Operating profit (loss) | 9901 | €6,886 | €23,713 | +€16,827 | +244% |
| Financial income | 75/76B | €10,631 | €12 | -€10,619 | -99.9% |
| Recurring financial income | 75 | €10,631 | €12 | -€10,619 | -99.9% |
| Financial charges | 65/66B | €36,383 | €23,053 | -€13,330 | -36.6% |
| Recurring financial charges | 65 | €36,383 | €23,053 | -€13,330 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,867 | €671 | +€19,538 | |
| Income taxes | 67/77 | €2,101 | €4,512 | +€2,410 | +115% |
| Profit (loss) for the period | 9904 | -€20,968 | -€3,840 | +€17,128 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,968 | -€3,840 | +€17,128 | +81.7% |
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 14 October 2026 via checked.be.