ALTATEC: 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.
ALTATEC
Largest movements
- Current investments +€70,000
up €70,000 (+38.9%), from €180,000 to €250,000
- Cash -€34,444
down €34,444 (-26.9%), from €127,826 to €93,383
mainly Current investments (-€70,000) and Other debts (-€3,301)
- Reserves +€33,000
up €33,000 (+10.4%), from €317,174 to €350,174
of which Distributable reserves: +€33,000
- Gross operating margin +€8,150
up €8,150 (+15.2%), from €53,695 to €61,844
- Staff costs +€1,671
up €1,671 (+39.2%), from €4,258 to €5,929
- Taxes +€1,083
up €1,083 (+5.6%), from €19,217 to €20,300
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €383,470 | €415,607 | +€32,137 | +8.4% |
| Fixed assets | 21/28 | €2,987 | €1,290 | -€1,697 | -56.8% |
| Tangible fixed assets | 22/27 | €2,987 | €1,290 | -€1,697 | -56.8% |
| Plant, machinery and equipment | 23 | €1,010 | - | -€1,010 | |
| Furniture and vehicles | 24 | €1,978 | €1,290 | -€688 | -34.8% |
| Current assets | 29/58 | €380,483 | €414,317 | +€33,834 | +8.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Trade receivables | 290 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,656 | €20,934 | -€1,722 | -7.6% |
| Trade receivables | 40 | €18,757 | €20,934 | +€2,177 | +11.6% |
| Other amounts receivable | 41 | €3,899 | - | -€3,899 | |
| Current investments | 50/53 | €180,000 | €250,000 | +€70,000 | +38.9% |
| Cash at bank and in hand | 54/58 | €127,826 | €93,383 | -€34,444 | -26.9% |
| Total equity and liabilities | 10/49 | €383,470 | €415,607 | +€32,137 | +8.4% |
| Equity | 10/15 | €366,725 | €400,027 | +€33,302 | +9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €317,174 | €350,174 | +€33,000 | +10.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €315,314 | €348,314 | +€33,000 | +10.5% |
| Profit (loss) carried forward | 14 | €43,352 | €43,654 | +€302 | +0.7% |
| Amounts payable | 17/49 | €16,745 | €15,579 | -€1,165 | -7.0% |
| Amounts payable within one year | 42/48 | €16,745 | €15,579 | -€1,165 | -7.0% |
| Trade debts | 44 | €1,507 | €2,237 | +€730 | +48.4% |
| Suppliers | 440/4 | €1,507 | €2,237 | +€730 | +48.4% |
| Taxes, remuneration and social security | 45 | €9,365 | €10,771 | +€1,406 | +15.0% |
| Taxes | 450/3 | €9,365 | €10,771 | +€1,406 | +15.0% |
| Other amounts payable | 47/48 | €5,872 | €2,571 | -€3,301 | -56.2% |
| Remuneration, social security and pensions | 62 | €4,258 | €5,929 | +€1,671 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,670 | €1,697 | +€27 | +1.6% |
| Other operating charges | 640/8 | €521 | €579 | +€59 | +11.3% |
| Gross operating margin | 9900 | €53,695 | €61,844 | +€8,150 | +15.2% |
| Operating profit (loss) | 9901 | €47,246 | €53,639 | +€6,393 | +13.5% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €39 | €44 | +€4 | +10.7% |
| Recurring financial charges | 65 | €39 | €44 | +€4 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €47,206 | €53,602 | +€6,395 | +13.5% |
| Income taxes | 67/77 | €19,217 | €20,300 | +€1,083 | +5.6% |
| Profit (loss) for the period | 9904 | €27,990 | €33,302 | +€5,312 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,990 | €33,302 | +€5,312 | +19.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.