ALTCO: 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.
ALTCO
Largest movements
- Receivables within one year -€46,136
down €46,136 (-43.9%), from €105,188 to €59,052
- Cash +€30,549
up €30,549 (+90.5%), from €33,767 to €64,316
mainly Receivables within one year (+€46,136) and Stocks and contracts (+€1,202)
- Tax, wage and social debts -€9,934
down €9,934 (-34.5%), from €28,752 to €18,818
- Trade debts -€7,033
down €7,033 (-26.0%), from €27,014 to €19,981
- Write-downs -€3,943
new in 2025: -€3,943
- Gross operating margin -€2,406
down €2,406 (-97.7%), from -€2,463 to -€4,869
- Financial income -€1,341
down €1,341 (-17.6%), from €7,613 to €6,271
- Other operating charges +€611
up €611 (+183.5%), from €333 to €945
- Financial charges -€554
down €554 (-12.3%), from €4,511 to €3,957
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 | €142,392 | €125,603 | -€16,789 | -11.8% |
| Current assets | 29/58 | €142,392 | €125,603 | -€16,789 | -11.8% |
| Stocks and contracts in progress | 3 | €3,437 | €2,235 | -€1,202 | -35.0% |
| Stocks | 30/36 | €3,437 | €2,235 | -€1,202 | -35.0% |
| Amounts receivable within one year | 40/41 | €105,188 | €59,052 | -€46,136 | -43.9% |
| Trade receivables | 40 | €105,188 | €59,052 | -€46,136 | -43.9% |
| Cash at bank and in hand | 54/58 | €33,767 | €64,316 | +€30,549 | +90.5% |
| Total equity and liabilities | 10/49 | €142,392 | €125,603 | -€16,789 | -11.8% |
| Equity | 10/15 | €46,502 | €46,804 | +€301 | +0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,502 | €24,804 | +€301 | +1.2% |
| Amounts payable | 17/49 | €95,890 | €78,799 | -€17,091 | -17.8% |
| Amounts payable within one year | 42/48 | €95,766 | €78,799 | -€16,967 | -17.7% |
| Trade debts | 44 | €27,014 | €19,981 | -€7,033 | -26.0% |
| Suppliers | 440/4 | €27,014 | €19,981 | -€7,033 | -26.0% |
| Taxes, remuneration and social security | 45 | €28,752 | €18,818 | -€9,934 | -34.5% |
| Taxes | 450/3 | €28,752 | €18,818 | -€9,934 | -34.5% |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €124 | - | -€124 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,943 | -€3,943 | |
| Other operating charges | 640/8 | €333 | €945 | +€611 | +183.5% |
| Gross operating margin | 9900 | -€2,463 | -€4,869 | -€2,406 | -97.7% |
| Operating profit (loss) | 9901 | -€2,796 | -€1,870 | +€927 | +33.1% |
| Financial income | 75/76B | €7,613 | €6,271 | -€1,341 | -17.6% |
| Recurring financial income | 75 | €7,613 | €6,271 | -€1,341 | -17.6% |
| Financial charges | 65/66B | €4,511 | €3,957 | -€554 | -12.3% |
| Recurring financial charges | 65 | €4,511 | €3,957 | -€554 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €305 | €444 | +€139 | +45.6% |
| Income taxes | 67/77 | €116 | €143 | +€26 | +22.4% |
| Profit (loss) for the period | 9904 | €189 | €301 | +€113 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €189 | €301 | +€113 | +59.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.