ALTEO: 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.
ALTEO
Largest movements
- Cash +€3.1m
up €3.1m (+261%), from €1.2m to €4.2m
mainly Current investments (+€2.5m) and Provisions (+€552,031)
- Current investments -€2.5m
no longer reported in 2025 (was €2.5m)
- Deferred charges and accrued income -€217,499
down €217,499 (-91.1%), from €238,624 to €21,125
- Receivables within one year -€204,135
down €204,135 (-22.7%), from €898,297 to €694,162
of which Other amounts receivable: -€248,693
- Provisions +€552,031
up €552,031 (+2,171%), from €25,431 to €577,462
- Debts within one year -€517,608
down €517,608 (-23.4%), from €2.2m to €1.7m
of which Trade debts: -€522,672
- Profit (loss) carried forward +€185,605
up €185,605 (+12.4%), from €1.5m to €1.7m
- Accrued charges and deferred income -€56,444
down €56,444 (-21.7%), from €260,274 to €203,830
- Staff costs -€229,323
down €229,323 (-3.7%), from €6.2m to €5.9m
- Gross operating margin +€131,098
up €131,098 (+2.0%), from €6.6m to €6.7m
- Other operating charges +€83,831
up €83,831 (+114%), from €73,717 to €157,548
- Turnover +€79,218
up €79,218 (+4.2%), from €1.9m to €2.0m
- Financial income +€74,943
up €74,943 (+127%), from €59,096 to €134,039
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 | €4,828,785 | €5,015,019 | +€186,234 | +3.9% |
| Fixed assets | 21/28 | €20,254 | €75,439 | +€55,185 | +272% |
| Intangible fixed assets | 21 | €5,119 | €2,511 | -€2,608 | -50.9% |
| Tangible fixed assets | 22/27 | €15,135 | €57,928 | +€42,793 | +283% |
| Furniture and vehicles | 24 | €15,135 | €57,928 | +€42,793 | +283% |
| Financial fixed assets | 28 | €0 | €15,000 | +€15,000 | |
| Current assets | 29/58 | €4,808,531 | €4,939,580 | +€131,049 | +2.7% |
| Amounts receivable within one year | 40/41 | €898,297 | €694,162 | -€204,135 | -22.7% |
| Trade receivables | 40 | €527,394 | €571,952 | +€44,558 | +8.4% |
| Other amounts receivable | 41 | €370,903 | €122,210 | -€248,693 | -67.1% |
| Current investments | 50/53 | €2,500,000 | - | -€2.5m | |
| Cash at bank and in hand | 54/58 | €1,171,610 | €4,224,293 | +€3.1m | +261% |
| Deferred charges and accrued income | 490/1 | €238,624 | €21,125 | -€217,499 | -91.1% |
| Total equity and liabilities | 10/49 | €4,828,785 | €5,015,019 | +€186,234 | +3.9% |
| Equity | 10/15 | €2,332,899 | €2,541,154 | +€208,255 | +8.9% |
| Contributions | 10/11 | €832,481 | €832,481 | = | 0.0% |
| Capital | 10 | €832,481 | €832,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,499,068 | €1,684,673 | +€185,605 | +12.4% |
| Investment grants | 15 | €1,350 | €24,000 | +€22,650 | +1,678% |
| Provisions and deferred taxes | 16 | €25,431 | €577,462 | +€552,031 | +2,171% |
| Provisions for liabilities and charges | 160/5 | €25,431 | €577,462 | +€552,031 | +2,171% |
| Pensions and similar obligations | 160 | €25,431 | €297,462 | +€272,031 | +1,070% |
| Other liabilities and charges | 164/5 | - | €280,000 | +€280,000 | |
| Amounts payable | 17/49 | €2,470,455 | €1,896,403 | -€574,052 | -23.2% |
| Amounts payable within one year | 42/48 | €2,210,181 | €1,692,573 | -€517,608 | -23.4% |
| Trade debts | 44 | €967,134 | €444,462 | -€522,672 | -54.0% |
| Suppliers | 440/4 | €967,134 | €444,462 | -€522,672 | -54.0% |
| Taxes, remuneration and social security | 45 | €1,243,047 | €1,237,411 | -€5,636 | -0.5% |
| Taxes | 450/3 | €62,096 | €59,388 | -€2,708 | -4.4% |
| Remuneration and social security | 454/9 | €1,180,951 | €1,178,023 | -€2,928 | -0.2% |
| Accrued charges and deferred income | 492/3 | €260,274 | €203,830 | -€56,444 | -21.7% |
| Turnover | 70 | €1,886,228 | €1,965,446 | +€79,218 | +4.2% |
| Membership fees, donations, legacies and grants | 73 | €8,481,490 | €8,375,166 | -€106,324 | -1.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,852,401 | €3,837,962 | -€14,439 | -0.4% |
| Remuneration, social security and pensions | 62 | €6,152,569 | €5,923,246 | -€229,323 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,967 | €32,225 | +€14,258 | +79.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €468 | - | -€468 | |
| Other operating charges | 640/8 | €73,717 | €157,548 | +€83,831 | +114% |
| Gross operating margin | 9900 | €6,586,519 | €6,717,617 | +€131,098 | +2.0% |
| Operating profit (loss) | 9901 | €384,305 | €52,568 | -€331,737 | -86.3% |
| Financial income | 75/76B | €59,096 | €134,039 | +€74,943 | +127% |
| Recurring financial income | 75 | €59,096 | €134,039 | +€74,943 | +127% |
| Financial charges | 65/66B | €1,467 | €1,002 | -€465 | -31.7% |
| Recurring financial charges | 65 | €1,467 | €1,002 | -€465 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €441,934 | €185,605 | -€256,329 | -58.0% |
| Profit (loss) for the period | 9904 | €441,934 | €185,605 | -€256,329 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €441,934 | €185,605 | -€256,329 | -58.0% |
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.