ALTECH: 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.
ALTECH
Largest movements
- Stocks and contracts +€65,000
new in 2025: €65,000
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash -€30,574
down €30,574 (-38.5%), from €79,458 to €48,884
mainly Stocks and contracts (-€65,000) and Trade debts (-€38,655)
- Deferred charges and accrued income -€1,449
down €1,449 (-88.7%), from €1,634 to €184
- Trade debts -€38,655
down €38,655 (-97.2%), from €39,758 to €1,103
- Other debts +€19,099
new in 2025: €19,099
- Turnover -€174,575
down €174,575 (-99.1%), from €176,119 to €1,544
- Purchases and services -€91,051
down €91,051 (-59.3%), from €153,541 to €62,490
- Gross operating margin -€83,523
down €83,523, from €22,578 to -€60,946
- Write-downs -€75,000
down €75,000, from €10,000 to -€65,000
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 | €139,570 | €121,053 | -€18,517 | -13.3% |
| Fixed assets | 21/28 | €4,842 | €4,289 | -€553 | -11.4% |
| Intangible fixed assets | 21 | €857 | €1,390 | +€533 | +62.2% |
| Tangible fixed assets | 22/27 | €1,238 | €153 | -€1,085 | -87.7% |
| Plant, machinery and equipment | 23 | €1,238 | €153 | -€1,085 | -87.7% |
| Financial fixed assets | 28 | €2,747 | €2,747 | = | 0.0% |
| Current assets | 29/58 | €134,728 | €116,764 | -€17,964 | -13.3% |
| Stocks and contracts in progress | 3 | - | €65,000 | +€65,000 | |
| Stocks | 30/36 | - | €65,000 | +€65,000 | |
| Amounts receivable within one year | 40/41 | €3,636 | €2,695 | -€941 | -25.9% |
| Other amounts receivable | 41 | €3,636 | €2,695 | -€941 | -25.9% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €79,458 | €48,884 | -€30,574 | -38.5% |
| Deferred charges and accrued income | 490/1 | €1,634 | €184 | -€1,449 | -88.7% |
| Total equity and liabilities | 10/49 | €139,570 | €121,053 | -€18,517 | -13.3% |
| Equity | 10/15 | €99,812 | €100,852 | +€1,039 | +1.0% |
| Contributions | 10/11 | €61,502 | €61,502 | = | 0.0% |
| Capital | 10 | €61,502 | €61,502 | = | 0.0% |
| Issued capital | 100 | €61,502 | €61,502 | = | 0.0% |
| Reserves | 13 | €12,459 | €12,459 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,308 | €6,308 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,852 | €26,891 | +€1,039 | +4.0% |
| Amounts payable | 17/49 | €39,758 | €20,201 | -€19,556 | -49.2% |
| Amounts payable within one year | 42/48 | €39,758 | €20,201 | -€19,556 | -49.2% |
| Trade debts | 44 | €39,758 | €1,103 | -€38,655 | -97.2% |
| Suppliers | 440/4 | €39,758 | €1,103 | -€38,655 | -97.2% |
| Other amounts payable | 47/48 | - | €19,099 | +€19,099 | |
| Turnover | 70 | €176,119 | €1,544 | -€174,575 | -99.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €153,541 | €62,490 | -€91,051 | -59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,385 | €1,412 | +€27 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,000 | -€65,000 | -€75,000 | |
| Other operating charges | 640/8 | €323 | - | -€323 | |
| Gross operating margin | 9900 | €22,578 | -€60,946 | -€83,523 | |
| Operating profit (loss) | 9901 | €10,869 | €2,642 | -€8,227 | -75.7% |
| Financial income | 75/76B | - | €426 | +€426 | |
| Recurring financial income | 75 | - | €426 | +€426 | |
| Financial charges | 65/66B | €168 | - | -€168 | |
| Recurring financial charges | 65 | €168 | - | -€168 | |
| Profit (loss) for the period before taxes | 9903 | €10,701 | €3,068 | -€7,632 | -71.3% |
| Income taxes | 67/77 | €2,088 | €2,029 | -€60 | -2.9% |
| Profit (loss) for the period | 9904 | €8,612 | €1,039 | -€7,573 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,612 | €1,039 | -€7,573 | -87.9% |
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 13 October 2026 via checked.be.