ALTECH 1973: 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 1973
Largest movements
- Stocks and contracts -€134,618
down €134,618 (-36.0%), from €373,818 to €239,200
- Cash +€43,183
up €43,183 (+578.2%), from €7,468 to €50,651
mainly Stocks and contracts (+€134,618) and Trade debts (+€64,117)
- Tangible fixed assets -€40,176
down €40,176 (-13.6%), from €295,031 to €254,855
of which Leasing and similar rights: -€35,713
- Receivables within one year +€30,836
up €30,836 (+29.3%), from €105,162 to €135,999
- Trade debts +€64,117
up €64,117 (+75.2%), from €85,218 to €149,335
- Profit (loss) carried forward -€61,844
new in 2025: -€61,844
- Short-term financial debts -€58,479
down €58,479 (-28.1%), from €208,479 to €150,000
- Other debts -€47,643
down €47,643 (-100.0%), from €47,643 to €0
- Current portion of long-term debt +€14,910
up €14,910 (+19.3%), from €77,116 to €92,025
- Gross operating margin -€167,712
down €167,712 (-28.5%), from €588,196 to €420,484
- Staff costs -€54,716
down €54,716 (-12.8%), from €428,817 to €374,101
- Depreciation -€34,159
down €34,159 (-43.9%), from €77,835 to €43,676
- Other operating charges +€11,750
up €11,750 (+60.8%), from €19,325 to €31,075
- Taxes -€8,572
down €8,572 (-86.7%), from €9,883 to €1,310
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 | €802,708 | €703,987 | -€98,721 | -12.3% |
| Fixed assets | 21/28 | €295,031 | €254,855 | -€40,176 | -13.6% |
| Tangible fixed assets | 22/27 | €295,031 | €254,855 | -€40,176 | -13.6% |
| Plant, machinery and equipment | 23 | €7,510 | €8,246 | +€736 | +9.8% |
| Furniture and vehicles | 24 | €23,560 | €18,360 | -€5,200 | -22.1% |
| Leasing and similar rights | 25 | €263,961 | €228,249 | -€35,713 | -13.5% |
| Current assets | 29/58 | €507,678 | €449,133 | -€58,545 | -11.5% |
| Stocks and contracts in progress | 3 | €373,818 | €239,200 | -€134,618 | -36.0% |
| Contracts in progress | 37 | €373,818 | €239,200 | -€134,618 | -36.0% |
| Amounts receivable within one year | 40/41 | €105,162 | €135,999 | +€30,836 | +29.3% |
| Other amounts receivable | 41 | €105,162 | €135,999 | +€30,836 | +29.3% |
| Current investments | 50/53 | €5,450 | €6,350 | +€900 | +16.5% |
| Cash at bank and in hand | 54/58 | €7,468 | €50,651 | +€43,183 | +578.2% |
| Deferred charges and accrued income | 490/1 | €15,779 | €16,933 | +€1,154 | +7.3% |
| Total equity and liabilities | 10/49 | €802,708 | €703,987 | -€98,721 | -12.3% |
| Equity | 10/15 | €152,282 | €90,439 | -€61,844 | -40.6% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €107,282 | €107,282 | = | 0.0% |
| Distributable reserves | 133 | €107,282 | €107,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€61,844 | -€61,844 | |
| Amounts payable | 17/49 | €650,426 | €613,548 | -€36,878 | -5.7% |
| Amounts payable after more than one year | 17 | €158,228 | €163,325 | +€5,097 | +3.2% |
| Financial debts | 170/4 | €158,228 | €163,325 | +€5,097 | +3.2% |
| Amounts payable within one year | 42/48 | €492,198 | €450,223 | -€41,975 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €77,116 | €92,025 | +€14,910 | +19.3% |
| Financial debts | 43 | €208,479 | €150,000 | -€58,479 | -28.1% |
| Credit institutions | 430/8 | €208,479 | €150,000 | -€58,479 | -28.1% |
| Trade debts | 44 | €85,218 | €149,335 | +€64,117 | +75.2% |
| Suppliers | 440/4 | €85,218 | €149,335 | +€64,117 | +75.2% |
| Taxes, remuneration and social security | 45 | €73,742 | €58,863 | -€14,879 | -20.2% |
| Taxes | 450/3 | €3,392 | €4,436 | +€1,045 | +30.8% |
| Remuneration and social security | 454/9 | €70,350 | €54,427 | -€15,924 | -22.6% |
| Other amounts payable | 47/48 | €47,643 | €0 | -€47,643 | -100.0% |
| Remuneration, social security and pensions | 62 | €428,817 | €374,101 | -€54,716 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,835 | €43,676 | -€34,159 | -43.9% |
| Other operating charges | 640/8 | €19,325 | €31,075 | +€11,750 | +60.8% |
| Gross operating margin | 9900 | €588,196 | €420,484 | -€167,712 | -28.5% |
| Operating profit (loss) | 9901 | €62,219 | -€28,368 | -€90,587 | |
| Financial income | 75/76B | €80 | €155 | +€75 | +93.5% |
| Recurring financial income | 75 | €80 | €155 | +€75 | +93.5% |
| Financial charges | 65/66B | €34,334 | €32,320 | -€2,014 | -5.9% |
| Recurring financial charges | 65 | €34,334 | €32,320 | -€2,014 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €27,964 | -€60,533 | -€88,498 | |
| Income taxes | 67/77 | €9,883 | €1,310 | -€8,572 | -86.7% |
| Profit (loss) for the period | 9904 | €18,082 | -€61,844 | -€79,925 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,082 | -€61,844 | -€79,925 |
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 9 October 2026 via checked.be.