ALTARE: 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.
ALTARE
Largest movements
- Cash +€52,718
up €52,718 (+130%), from €40,458 to €93,176
mainly Net result for the year (+€66,221) and Tax, wage and social debts (+€19,088)
- Receivables within one year +€33,424
up €33,424 (+186%), from €18,000 to €51,424
- Profit (loss) carried forward +€66,221
up €66,221 (+168%), from €39,456 to €105,677
- Tax, wage and social debts +€19,088
up €19,088 (+81.1%), from €23,537 to €42,626
- Gross operating margin +€38,908
up €38,908 (+72.1%), from €53,959 to €92,867
- Taxes +€8,112
up €8,112 (+72.2%), from €11,243 to €19,355
- Financial charges +€2,004
up €2,004 (+70.7%), from €2,832 to €4,836
- Other operating charges +€1,442
up €1,442 (+1,442%), from €100 to €1,542
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 | €64,305 | €149,783 | +€85,478 | +133% |
| Fixed assets | 21/28 | €3,869 | €2,956 | -€913 | -23.6% |
| Tangible fixed assets | 22/27 | €3,569 | €2,656 | -€913 | -25.6% |
| Plant, machinery and equipment | 23 | €2,844 | €2,265 | -€578 | -20.3% |
| Furniture and vehicles | 24 | €725 | €391 | -€335 | -46.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €60,436 | €146,827 | +€86,391 | +143% |
| Amounts receivable within one year | 40/41 | €18,000 | €51,424 | +€33,424 | +186% |
| Trade receivables | 40 | €18,000 | €51,424 | +€33,424 | +186% |
| Cash at bank and in hand | 54/58 | €40,458 | €93,176 | +€52,718 | +130% |
| Deferred charges and accrued income | 490/1 | €1,978 | €2,227 | +€249 | +12.6% |
| Total equity and liabilities | 10/49 | €64,305 | €149,783 | +€85,478 | +133% |
| Equity | 10/15 | €39,456 | €105,677 | +€66,221 | +168% |
| Profit (loss) carried forward | 14 | €39,456 | €105,677 | +€66,221 | +168% |
| Amounts payable | 17/49 | €24,848 | €44,106 | +€19,257 | +77.5% |
| Amounts payable within one year | 42/48 | €24,848 | €44,106 | +€19,257 | +77.5% |
| Trade debts | 44 | €1,236 | €1,461 | +€226 | +18.3% |
| Suppliers | 440/4 | €1,236 | €1,461 | +€226 | +18.3% |
| Taxes, remuneration and social security | 45 | €23,537 | €42,626 | +€19,088 | +81.1% |
| Taxes | 450/3 | €23,537 | €42,626 | +€19,088 | +81.1% |
| Other amounts payable | 47/48 | €75 | €19 | -€57 | -75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327 | €913 | +€586 | +179% |
| Other operating charges | 640/8 | €100 | €1,542 | +€1,442 | +1,442% |
| Gross operating margin | 9900 | €53,959 | €92,867 | +€38,908 | +72.1% |
| Operating profit (loss) | 9901 | €53,532 | €90,412 | +€36,880 | +68.9% |
| Financial charges | 65/66B | €2,832 | €4,836 | +€2,004 | +70.7% |
| Recurring financial charges | 65 | €2,832 | €4,836 | +€2,004 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €50,700 | €85,576 | +€34,876 | +68.8% |
| Income taxes | 67/77 | €11,243 | €19,355 | +€8,112 | +72.2% |
| Profit (loss) for the period | 9904 | €39,456 | €66,221 | +€26,764 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,456 | €66,221 | +€26,764 | +67.8% |
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 16 October 2026 via checked.be.