ALTANUB: what changed
Two fiscal 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.
ALTANUB
Largest movements
- Receivables after one year -€23,000
down €23,000 (-100.0%), from €23,000 to €0
- Cash +€7,441
up €7,441 (+85.4%), from €8,716 to €16,157
mainly Receivables after one year (+€23,000) and Tax, wage and social debts (+€13,967)
- Receivables within one year +€5,962
up €5,962 (+49.9%), from €11,943 to €17,905
of which Trade receivables: +€11,858
- Deferred charges and accrued income +€2,251
up €2,251 (+70.9%), from €3,174 to €5,425
- Tangible fixed assets -€1,376
down €1,376 (-26.5%), from €5,197 to €3,821
- Reserves -€22,519
down €22,519 (-72.0%), from €31,261 to €8,741
- Tax, wage and social debts +€13,967
up €13,967 (+182.0%), from €7,675 to €21,642
of which Remuneration and social security: +€9,900
- Other debts +€2,855
new in 2025: €2,855
- Trade debts -€2,161
down €2,161 (-29.9%), from €7,231 to €5,070
- Accrued charges and deferred income -€863
down €863 (-100.0%), from €863 to €0
- Gross operating margin -€6,802
down €6,802 (-62.5%), from -€10,877 to -€17,679
- Depreciation +€900
up €900 (+55.6%), from €1,620 to €2,520
- Financial charges -€662
down €662 (-20.3%), from €3,260 to €2,599
- Financial income -€201
down €201 (-12.6%), from €1,593 to €1,392
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.
Cash bridge derived
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 | €52,030 | €43,308 | -€8,722 | -16.8% |
| Fixed assets | 21/28 | €5,197 | €3,821 | -€1,376 | -26.5% |
| Tangible fixed assets | 22/27 | €5,197 | €3,821 | -€1,376 | -26.5% |
| Furniture and vehicles | 24 | €5,197 | €3,821 | -€1,376 | -26.5% |
| Current assets | 29/58 | €46,833 | €39,487 | -€7,345 | -15.7% |
| Amounts receivable after more than one year | 29 | €23,000 | €0 | -€23,000 | -100.0% |
| Other amounts receivable | 291 | €23,000 | €0 | -€23,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €11,943 | €17,905 | +€5,962 | +49.9% |
| Trade receivables | 40 | €6,047 | €17,905 | +€11,858 | +196.1% |
| Other amounts receivable | 41 | €5,896 | €0 | -€5,896 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,716 | €16,157 | +€7,441 | +85.4% |
| Deferred charges and accrued income | 490/1 | €3,174 | €5,425 | +€2,251 | +70.9% |
| Total equity and liabilities | 10/49 | €52,030 | €43,308 | -€8,722 | -16.8% |
| Equity | 10/15 | €36,261 | €13,741 | -€22,519 | -62.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,261 | €8,741 | -€22,519 | -72.0% |
| Distributable reserves | 133 | €31,261 | €8,741 | -€22,519 | -72.0% |
| Amounts payable | 17/49 | €15,769 | €29,567 | +€13,798 | +87.5% |
| Amounts payable within one year | 42/48 | €14,906 | €29,567 | +€14,661 | +98.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,231 | €5,070 | -€2,161 | -29.9% |
| Suppliers | 440/4 | €7,231 | €5,070 | -€2,161 | -29.9% |
| Taxes, remuneration and social security | 45 | €7,675 | €21,642 | +€13,967 | +182.0% |
| Taxes | 450/3 | €4,375 | €8,442 | +€4,067 | +93.0% |
| Remuneration and social security | 454/9 | €3,300 | €13,200 | +€9,900 | +300.0% |
| Other amounts payable | 47/48 | - | €2,855 | +€2,855 | |
| Accrued charges and deferred income | 492/3 | €863 | €0 | -€863 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,620 | €2,520 | +€900 | +55.6% |
| Other operating charges | 640/8 | €902 | €930 | +€28 | +3.1% |
| Gross operating margin | 9900 | -€10,877 | -€17,679 | -€6,802 | -62.5% |
| Operating profit (loss) | 9901 | -€13,399 | -€21,129 | -€7,730 | -57.7% |
| Financial income | 75/76B | €1,593 | €1,392 | -€201 | -12.6% |
| Recurring financial income | 75 | €1,593 | €1,392 | -€201 | -12.6% |
| Financial charges | 65/66B | €3,260 | €2,599 | -€662 | -20.3% |
| Recurring financial charges | 65 | €3,260 | €2,599 | -€662 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,066 | -€22,336 | -€7,269 | -48.2% |
| Income taxes | 67/77 | €29 | €184 | +€155 | +542.9% |
| Profit (loss) for the period | 9904 | -€15,095 | -€22,519 | -€7,424 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,095 | -€22,519 | -€7,424 | -49.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.