ALTEGRO: 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.
ALTEGRO
Largest movements
- Cash +€34,512
up €34,512 (+105.5%), from €32,709 to €67,220
mainly Depreciation (+€16,408) and Receivables within one year (+€12,070)
- Tangible fixed assets -€14,664
down €14,664 (-41.8%), from €35,117 to €20,453
of which Furniture and vehicles: -€7,874
- Receivables within one year -€12,070
down €12,070 (-44.4%), from €27,153 to €15,084
of which Other amounts receivable: -€6,734
- Deferred charges and accrued income -€3,920
down €3,920 (-85.8%), from €4,568 to €648
- Reserves +€10,159
up €10,159 (+21.7%), from €46,784 to €56,943
of which Distributable reserves: +€10,159
- Other debts -€5,147
down €5,147 (-36.4%), from €14,143 to €8,996
- Tax, wage and social debts -€2,076
down €2,076 (-41.9%), from €4,950 to €2,874
of which Remuneration and social security: -€2,400
- Gross operating margin +€11,654
up €11,654 (+60.8%), from €19,172 to €30,825
- Depreciation -€3,241
down €3,241 (-16.5%), from €19,649 to €16,408
- Taxes +€2,790
up €2,790 (+22943.3%), from €12 to €2,802
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 | €99,547 | €103,405 | +€3,858 | +3.9% |
| Fixed assets | 21/28 | €35,117 | €20,453 | -€14,664 | -41.8% |
| Tangible fixed assets | 22/27 | €35,117 | €20,453 | -€14,664 | -41.8% |
| Plant, machinery and equipment | 23 | €10,260 | €3,470 | -€6,790 | -66.2% |
| Furniture and vehicles | 24 | €24,857 | €16,983 | -€7,874 | -31.7% |
| Current assets | 29/58 | €64,430 | €82,952 | +€18,522 | +28.7% |
| Amounts receivable within one year | 40/41 | €27,153 | €15,084 | -€12,070 | -44.4% |
| Trade receivables | 40 | €19,190 | €13,855 | -€5,336 | -27.8% |
| Other amounts receivable | 41 | €7,963 | €1,229 | -€6,734 | -84.6% |
| Cash at bank and in hand | 54/58 | €32,709 | €67,220 | +€34,512 | +105.5% |
| Deferred charges and accrued income | 490/1 | €4,568 | €648 | -€3,920 | -85.8% |
| Total equity and liabilities | 10/49 | €99,547 | €103,405 | +€3,858 | +3.9% |
| Equity | 10/15 | €80,164 | €90,323 | +€10,159 | +12.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €46,784 | €56,943 | +€10,159 | +21.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €44,784 | €54,943 | +€10,159 | +22.7% |
| Profit (loss) carried forward | 14 | €13,380 | €13,380 | = | 0.0% |
| Amounts payable | 17/49 | €19,383 | €13,082 | -€6,301 | -32.5% |
| Amounts payable within one year | 42/48 | €19,383 | €13,082 | -€6,301 | -32.5% |
| Trade debts | 44 | €291 | €1,212 | +€921 | +317.1% |
| Suppliers | 440/4 | €291 | €1,212 | +€921 | +317.1% |
| Taxes, remuneration and social security | 45 | €4,950 | €2,874 | -€2,076 | -41.9% |
| Taxes | 450/3 | €2,550 | €2,874 | +€324 | +12.7% |
| Remuneration and social security | 454/9 | €2,400 | - | -€2,400 | |
| Other amounts payable | 47/48 | €14,143 | €8,996 | -€5,147 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,649 | €16,408 | -€3,241 | -16.5% |
| Other operating charges | 640/8 | €1,147 | €1,335 | +€188 | +16.4% |
| Gross operating margin | 9900 | €19,172 | €30,825 | +€11,654 | +60.8% |
| Operating profit (loss) | 9901 | -€1,625 | €13,082 | +€14,707 | |
| Financial income | 75/76B | €111 | €65 | -€46 | -41.7% |
| Recurring financial income | 75 | €111 | €65 | -€46 | -41.7% |
| Financial charges | 65/66B | €80 | €186 | +€107 | +134.1% |
| Recurring financial charges | 65 | €80 | €186 | +€107 | +134.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,593 | €12,961 | +€14,554 | |
| Income taxes | 67/77 | €12 | €2,802 | +€2,790 | +22943.3% |
| Profit (loss) for the period | 9904 | -€1,605 | €10,159 | +€11,764 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,605 | €10,159 | +€11,764 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.