Altaïr Group: 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 Group
Largest movements
- Cash -€11,752
down €11,752 (-27.6%), from €42,622 to €30,871
mainly Net result for the year (-€50,076) and Receivables within one year (-€5,668)
- Receivables within one year +€5,668
up €5,668 (+8.5%), from €66,682 to €72,351
of which Trade receivables: +€11,700
- Tangible fixed assets -€3,603
down €3,603 (-41.6%), from €8,651 to €5,048
- Profit (loss) carried forward -€50,076
down €50,076, from €46,347 to -€3,728
- Tax, wage and social debts +€30,955
up €30,955 (+80.7%), from €38,364 to €69,320
of which Remuneration and social security: +€19,321
- Trade debts +€12,909
up €12,909 (+43.5%), from €29,670 to €42,578
- Other debts -€4,356
no longer reported in 2025 (was €4,356)
- Staff costs +€102,689
up €102,689 (+76.3%), from €134,555 to €237,244
- Gross operating margin +€11,595
up €11,595 (+6.3%), from €183,221 to €194,816
- Taxes -€9,312
down €9,312 (-73.7%), from €12,638 to €3,326
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 | €119,737 | €109,170 | -€10,567 | -8.8% |
| Fixed assets | 21/28 | €9,517 | €5,914 | -€3,603 | -37.9% |
| Tangible fixed assets | 22/27 | €8,651 | €5,048 | -€3,603 | -41.6% |
| Furniture and vehicles | 24 | €8,651 | €5,048 | -€3,603 | -41.6% |
| Financial fixed assets | 28 | €866 | €866 | = | 0.0% |
| Current assets | 29/58 | €110,220 | €103,255 | -€6,964 | -6.3% |
| Amounts receivable within one year | 40/41 | €66,682 | €72,351 | +€5,668 | +8.5% |
| Trade receivables | 40 | €57,439 | €69,139 | +€11,700 | +20.4% |
| Other amounts receivable | 41 | €9,243 | €3,212 | -€6,031 | -65.3% |
| Cash at bank and in hand | 54/58 | €42,622 | €30,871 | -€11,752 | -27.6% |
| Deferred charges and accrued income | 490/1 | €915 | €34 | -€881 | -96.3% |
| Total equity and liabilities | 10/49 | €119,737 | €109,170 | -€10,567 | -8.8% |
| Equity | 10/15 | €47,347 | -€2,728 | -€50,076 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,347 | -€3,728 | -€50,076 | |
| Amounts payable | 17/49 | €72,389 | €111,898 | +€39,509 | +54.6% |
| Amounts payable within one year | 42/48 | €72,389 | €111,898 | +€39,509 | +54.6% |
| Trade debts | 44 | €29,670 | €42,578 | +€12,909 | +43.5% |
| Suppliers | 440/4 | €29,670 | €42,578 | +€12,909 | +43.5% |
| Taxes, remuneration and social security | 45 | €38,364 | €69,320 | +€30,955 | +80.7% |
| Taxes | 450/3 | €21,293 | €32,928 | +€11,635 | +54.6% |
| Remuneration and social security | 454/9 | €17,071 | €36,392 | +€19,321 | +113% |
| Other amounts payable | 47/48 | €4,356 | - | -€4,356 | |
| Remuneration, social security and pensions | 62 | €134,555 | €237,244 | +€102,689 | +76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,376 | €3,603 | +€1,226 | +51.6% |
| Gross operating margin | 9900 | €183,221 | €194,816 | +€11,595 | +6.3% |
| Operating profit (loss) | 9901 | €46,289 | -€46,031 | -€92,320 | |
| Financial income | 75/76B | €4 | €0 | -€4 | -97.4% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -97.4% |
| Financial charges | 65/66B | €788 | €719 | -€68 | -8.7% |
| Recurring financial charges | 65 | €788 | €719 | -€68 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €45,505 | -€46,750 | -€92,255 | |
| Income taxes | 67/77 | €12,638 | €3,326 | -€9,312 | -73.7% |
| Profit (loss) for the period | 9904 | €32,867 | -€50,076 | -€82,943 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,867 | -€50,076 | -€82,943 |
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 29 October 2026 via checked.be.