ALTECS: 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.
ALTECS
Largest movements
- Tangible fixed assets -€12,380
down €12,380 (-33.3%), from €37,184 to €24,805
of which Furniture and vehicles: -€11,677
- Stocks and contracts +€4,624
up €4,624 (+7.1%), from €64,976 to €69,600
- Cash +€4,600
up €4,600 (+82.8%), from €5,555 to €10,155
mainly Depreciation (+€12,922) and Other debts (+€5,615)
- Debts after one year -€11,414
down €11,414 (-44.9%), from €25,425 to €14,012
- Other debts +€5,615
up €5,615 (+177.5%), from €3,163 to €8,778
- Profit (loss) carried forward +€1,765
up €1,765 (+3.6%), from €49,290 to €51,054
- Purchases and services +€85,449
new in 2025: €85,449
- Gross operating margin -€5,948
down €5,948 (-21.4%), from €27,791 to €21,844
- Taxes -€3,977
down €3,977 (-88.4%), from €4,499 to €522
- Staff costs +€2,007
new in 2025: €2,007
- Other operating charges +€469
up €469 (+30.4%), from €1,541 to €2,009
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 | €110,652 | €106,627 | -€4,025 | -3.6% |
| Fixed assets | 21/28 | €37,184 | €24,805 | -€12,380 | -33.3% |
| Tangible fixed assets | 22/27 | €37,184 | €24,805 | -€12,380 | -33.3% |
| Plant, machinery and equipment | 23 | €1,301 | €1,451 | +€150 | +11.5% |
| Furniture and vehicles | 24 | €35,031 | €23,354 | -€11,677 | -33.3% |
| Other tangible fixed assets | 26 | €852 | - | -€852 | |
| Current assets | 29/58 | €73,468 | €81,822 | +€8,354 | +11.4% |
| Stocks and contracts in progress | 3 | €64,976 | €69,600 | +€4,624 | +7.1% |
| Stocks | 30/36 | €64,976 | €69,600 | +€4,624 | +7.1% |
| Amounts receivable within one year | 40/41 | €2,936 | €2,067 | -€869 | -29.6% |
| Trade receivables | 40 | €1,287 | €1,840 | +€553 | +43.0% |
| Other amounts receivable | 41 | €1,649 | €227 | -€1,423 | -86.3% |
| Cash at bank and in hand | 54/58 | €5,555 | €10,155 | +€4,600 | +82.8% |
| Total equity and liabilities | 10/49 | €110,652 | €106,627 | -€4,025 | -3.6% |
| Equity | 10/15 | €69,750 | €71,514 | +€1,765 | +2.5% |
| Reserves | 13 | €20,460 | €20,460 | = | 0.0% |
| Distributable reserves | 133 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,290 | €51,054 | +€1,765 | +3.6% |
| Amounts payable | 17/49 | €40,902 | €35,113 | -€5,790 | -14.2% |
| Amounts payable after more than one year | 17 | €25,425 | €14,012 | -€11,414 | -44.9% |
| Financial debts | 170/4 | €25,425 | €14,012 | -€11,414 | -44.9% |
| Amounts payable within one year | 42/48 | €15,477 | €21,101 | +€5,624 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €10,890 | €11,414 | +€524 | +4.8% |
| Trade debts | 44 | - | €206 | +€206 | |
| Suppliers | 440/4 | - | €206 | +€206 | |
| Taxes, remuneration and social security | 45 | €1,425 | €704 | -€721 | -50.6% |
| Taxes | 450/3 | €1,425 | €704 | -€721 | -50.6% |
| Other amounts payable | 47/48 | €3,163 | €8,778 | +€5,615 | +177.5% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €85,449 | +€85,449 | |
| Remuneration, social security and pensions | 62 | - | €2,007 | +€2,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,813 | €12,922 | +€108 | +0.8% |
| Other operating charges | 640/8 | €1,541 | €2,009 | +€469 | +30.4% |
| Gross operating margin | 9900 | €27,791 | €21,844 | -€5,948 | -21.4% |
| Operating profit (loss) | 9901 | €13,438 | €4,905 | -€8,532 | -63.5% |
| Financial income | 75/76B | €66 | €68 | +€3 | +4.0% |
| Recurring financial income | 75 | €66 | €68 | +€3 | +4.0% |
| Non-recurring financial income | 76B | €66 | €68 | +€3 | +4.0% |
| Financial charges | 65/66B | €3,082 | €2,688 | -€394 | -12.8% |
| Recurring financial charges | 65 | €3,067 | €2,637 | -€430 | -14.0% |
| Non-recurring financial charges | 66B | €15 | €51 | +€36 | +237.3% |
| Profit (loss) for the period before taxes | 9903 | €10,421 | €2,286 | -€8,135 | -78.1% |
| Income taxes | 67/77 | €4,499 | €522 | -€3,977 | -88.4% |
| Profit (loss) for the period | 9904 | €5,923 | €1,765 | -€4,158 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,923 | €1,765 | -€4,158 | -70.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.