ALTANEOS: what changed
What changed
ALTANEOS
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
-€222,275
2024 · €273,820-€496,095
Equity
€724,935
2024 · €911,770-€186,835
Cash
€513,585
2024 · €767,156-€253,571
Balance sheet total
€1.2m
2024 · €1.4m-€267,840
Largest movements
Assets
- Cash -€253,571
down €253,571 (-33.1%), from €767,156 to €513,585
mainly Investment in fixed assets (net) (-€290,788) and Net result for the year (-€222,275)
- Stocks and contracts -€39,903
down €39,903 (-52.5%), from €75,933 to €36,031
- Tangible fixed assets +€34,257
up €34,257 (+44.4%), from €77,083 to €111,340
of which Furniture and vehicles: +€37,681
Equity and liabilities
- Profit (loss) carried forward -€222,275
down €222,275 (-27.2%), from €818,516 to €596,241
- Tax, wage and social debts -€36,367
down €36,367 (-28.9%), from €125,675 to €89,308
of which Taxes: -€47,465
- Investment grants +€35,439
up €35,439 (+92.6%), from €38,254 to €73,694
- Other debts -€29,999
down €29,999 (-100.0%), from €30,000 to €1
- Debts after one year -€15,666
down €15,666 (-5.4%), from €292,473 to €276,808
of which Other amounts payable: -€48,279
Income statement
- Turnover -€419,171
down €419,171 (-38.7%), from €1.1m to €664,627
- Gross operating margin -€286,463
down €286,463 (-43.7%), from €655,789 to €369,326
- Depreciation +€196,093
up €196,093 (+372%), from €52,689 to €248,782
- Staff costs +€110,672
up €110,672 (+46.3%), from €239,014 to €349,685
- Taxes -€100,282
down €100,282, from €93,965 to -€6,317
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
€273,820
Gross operating margin
-€286,463
Staff costs
-€110,672
Depreciation
-€196,093
Other operating charges
-€2,375
Financial income
-€836
Financial charges
+€62
Taxes
+€100,282
Result 2025
-€222,275
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
+€24,898
Investment
-€290,788
Financing
+€12,319
Cash 2024
€767,156
From operations (derived)
+€24,898
Net result for the year
-€222,275
Depreciation
+€248,782
Stocks and contracts
+€39,903
Receivables within one year
+€12,841
Deferred charges and accrued income
+€3,532
Trade debts
+€10,003
Tax, wage and social debts
-€36,367
Other debts
-€29,999
Accrued charges and deferred income
-€1,520
Investment (derived)
-€290,788
Investment in fixed assets (net)
-€290,788
Financing
+€12,319
Debts after one year
-€15,666
Current portion of long-term debt
-€6,607
Short-term financial debts
-€847
Contributions, distributions and other
+€35,439
Cash 2025
€513,585
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,439,740 | €1,171,900 | -€267,840 | -18.6% |
| Fixed assets | 21/28 | €78,491 | €120,497 | +€42,006 | +53.5% |
| Intangible fixed assets | 21 | €1,290 | €9,040 | +€7,749 | +600% |
| Tangible fixed assets | 22/27 | €77,083 | €111,340 | +€34,257 | +44.4% |
| Plant, machinery and equipment | 23 | €44,938 | €39,092 | -€5,846 | -13.0% |
| Furniture and vehicles | 24 | €32,145 | €69,826 | +€37,681 | +117% |
| Other tangible fixed assets | 26 | - | €2,422 | +€2,422 | |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €1,361,250 | €1,051,404 | -€309,846 | -22.8% |
| Stocks and contracts in progress | 3 | €75,933 | €36,031 | -€39,903 | -52.5% |
| Stocks | 30/36 | €75,933 | €36,031 | -€39,903 | -52.5% |
| Amounts receivable within one year | 40/41 | €503,986 | €491,145 | -€12,841 | -2.5% |
| Trade receivables | 40 | €450,486 | €328,532 | -€121,954 | -27.1% |
| Other amounts receivable | 41 | €53,500 | €162,614 | +€109,113 | +204% |
| Cash at bank and in hand | 54/58 | €767,156 | €513,585 | -€253,571 | -33.1% |
| Deferred charges and accrued income | 490/1 | €14,174 | €10,642 | -€3,532 | -24.9% |
| Total equity and liabilities | 10/49 | €1,439,740 | €1,171,900 | -€267,840 | -18.6% |
| Equity | 10/15 | €911,770 | €724,935 | -€186,835 | -20.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €818,516 | €596,241 | -€222,275 | -27.2% |
| Investment grants | 15 | €38,254 | €73,694 | +€35,439 | +92.6% |
| Amounts payable | 17/49 | €527,970 | €446,965 | -€81,005 | -15.3% |
| Amounts payable after more than one year | 17 | €292,473 | €276,808 | -€15,666 | -5.4% |
| Financial debts | 170/4 | €0 | €32,613 | +€32,613 | |
| Other amounts payable | 178/9 | €292,473 | €244,195 | -€48,279 | -16.5% |
| Amounts payable within one year | 42/48 | €233,976 | €170,158 | -€63,819 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €17,825 | €11,217 | -€6,607 | -37.1% |
| Financial debts | 43 | €12,003 | €11,156 | -€847 | -7.1% |
| Credit institutions | 430/8 | €12,003 | €11,156 | -€847 | -7.1% |
| Trade debts | 44 | €48,474 | €58,476 | +€10,003 | +20.6% |
| Suppliers | 440/4 | €48,474 | €58,476 | +€10,003 | +20.6% |
| Taxes, remuneration and social security | 45 | €125,675 | €89,308 | -€36,367 | -28.9% |
| Taxes | 450/3 | €88,551 | €41,086 | -€47,465 | -53.6% |
| Remuneration and social security | 454/9 | €37,124 | €48,222 | +€11,098 | +29.9% |
| Other amounts payable | 47/48 | €30,000 | €1 | -€29,999 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,520 | €0 | -€1,520 | -100% |
| Turnover | 70 | €1,083,798 | €664,627 | -€419,171 | -38.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €484,426 | €534,382 | +€49,956 | +10.3% |
| Remuneration, social security and pensions | 62 | €239,014 | €349,685 | +€110,672 | +46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,689 | €248,782 | +€196,093 | +372% |
| Other operating charges | 640/8 | €1,088 | €3,463 | +€2,375 | +218% |
| Gross operating margin | 9900 | €655,789 | €369,326 | -€286,463 | -43.7% |
| Operating profit (loss) | 9901 | €362,999 | -€232,604 | -€595,603 | |
| Financial income | 75/76B | €7,065 | €6,229 | -€836 | -11.8% |
| Recurring financial income | 75 | €7,065 | €6,229 | -€836 | -11.8% |
| Financial charges | 65/66B | €2,279 | €2,217 | -€62 | -2.7% |
| Recurring financial charges | 65 | €2,279 | €2,217 | -€62 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €367,785 | -€228,592 | -€596,377 | |
| Income taxes | 67/77 | €93,965 | -€6,317 | -€100,282 | |
| Profit (loss) for the period | 9904 | €273,820 | -€222,275 | -€496,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €273,820 | -€222,275 | -€496,095 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.