ALTEMO: 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.
ALTEMO
Largest movements
- Current investments +€18,831
new in 2025: €18,831
- Tangible fixed assets -€8,610
down €8,610 (-25.3%), from €33,983 to €25,373
- Cash -€4,292
down €4,292 (-94.7%), from €4,534 to €242
mainly Current investments (-€18,831) and Other debts (-€2,953)
- Reserves +€7,193
up €7,193 (+25.6%), from €28,086 to €35,279
- Other debts -€2,953
down €2,953 (-51.5%), from €5,740 to €2,787
- Tax, wage and social debts +€1,690
up €1,690 (+45.8%), from €3,691 to €5,381
- Gross operating margin +€3,833
up €3,833 (+20.5%), from €18,678 to €22,511
- Taxes +€1,748
up €1,748 (+47.4%), from €3,691 to €5,440
- Other operating charges -€680
down €680 (-36.9%), from €1,841 to €1,161
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 | €38,517 | €44,446 | +€5,929 | +15.4% |
| Fixed assets | 21/28 | €33,983 | €25,373 | -€8,610 | -25.3% |
| Tangible fixed assets | 22/27 | €33,983 | €25,373 | -€8,610 | -25.3% |
| Furniture and vehicles | 24 | €33,983 | €25,373 | -€8,610 | -25.3% |
| Current assets | 29/58 | €4,534 | €19,073 | +€14,539 | +320.7% |
| Current investments | 50/53 | - | €18,831 | +€18,831 | |
| Cash at bank and in hand | 54/58 | €4,534 | €242 | -€4,292 | -94.7% |
| Total equity and liabilities | 10/49 | €38,517 | €44,446 | +€5,929 | +15.4% |
| Equity | 10/15 | €29,086 | €36,279 | +€7,193 | +24.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €28,086 | €35,279 | +€7,193 | +25.6% |
| Distributable reserves | 133 | €28,086 | €35,279 | +€7,193 | +25.6% |
| Amounts payable | 17/49 | €9,431 | €8,167 | -€1,264 | -13.4% |
| Amounts payable within one year | 42/48 | €9,431 | €8,167 | -€1,264 | -13.4% |
| Taxes, remuneration and social security | 45 | €3,691 | €5,381 | +€1,690 | +45.8% |
| Taxes | 450/3 | €3,691 | €5,381 | +€1,690 | +45.8% |
| Other amounts payable | 47/48 | €5,740 | €2,787 | -€2,953 | -51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,610 | €8,610 | = | 0.0% |
| Other operating charges | 640/8 | €1,841 | €1,161 | -€680 | -36.9% |
| Gross operating margin | 9900 | €18,678 | €22,511 | +€3,833 | +20.5% |
| Operating profit (loss) | 9901 | €8,227 | €12,739 | +€4,512 | +54.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15 | €107 | +€93 | +634.7% |
| Recurring financial charges | 65 | €15 | €107 | +€93 | +634.7% |
| Profit (loss) for the period before taxes | 9903 | €8,212 | €12,632 | +€4,420 | +53.8% |
| Income taxes | 67/77 | €3,691 | €5,440 | +€1,748 | +47.4% |
| Profit (loss) for the period | 9904 | €4,521 | €7,193 | +€2,672 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,521 | €7,193 | +€2,672 | +59.1% |
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 8 October 2026 via checked.be.