ALTESA: 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.
ALTESA
Largest movements
- Cash -€7,499
down €7,499 (-44.6%), from €16,819 to €9,321
mainly Debts after one year (-€8,677) and Net result for the year (-€6,232)
- Receivables within one year -€4,068
down €4,068 (-63.4%), from €6,412 to €2,344
of which Trade receivables: -€4,424
- Tangible fixed assets -€1,407
down €1,407 (-16.2%), from €8,686 to €7,279
of which Land and buildings: -€1,407
- Debts after one year -€8,677
down €8,677 (-62.0%), from €13,985 to €5,308
- Profit (loss) carried forward -€6,232
down €6,232 (-44.8%), from €13,922 to €7,690
- Tax, wage and social debts +€2,066
up €2,066 (+395.9%), from €522 to €2,588
- Gross operating margin -€5,232
down €5,232, from €1,992 to -€3,240
- Other operating charges -€334
down €334 (-28.8%), from €1,158 to €824
- Taxes +€157
up €157 (+30.0%), from €522 to €679
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 | €31,917 | €18,944 | -€12,973 | -40.6% |
| Fixed assets | 21/28 | €8,686 | €7,279 | -€1,407 | -16.2% |
| Tangible fixed assets | 22/27 | €8,686 | €7,279 | -€1,407 | -16.2% |
| Land and buildings | 22 | €8,686 | €7,279 | -€1,407 | -16.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €23,231 | €11,665 | -€11,567 | -49.8% |
| Amounts receivable within one year | 40/41 | €6,412 | €2,344 | -€4,068 | -63.4% |
| Trade receivables | 40 | €5,637 | €1,212 | -€4,424 | -78.5% |
| Other amounts receivable | 41 | €775 | €1,132 | +€356 | +46.0% |
| Cash at bank and in hand | 54/58 | €16,819 | €9,321 | -€7,499 | -44.6% |
| Total equity and liabilities | 10/49 | €31,917 | €18,944 | -€12,973 | -40.6% |
| Equity | 10/15 | €16,922 | €10,690 | -€6,232 | -36.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,922 | €7,690 | -€6,232 | -44.8% |
| Amounts payable | 17/49 | €14,995 | €8,254 | -€6,742 | -45.0% |
| Amounts payable after more than one year | 17 | €13,985 | €5,308 | -€8,677 | -62.0% |
| Other amounts payable | 178/9 | €13,985 | €5,308 | -€8,677 | -62.0% |
| Amounts payable within one year | 42/48 | €1,011 | €2,945 | +€1,935 | +191.4% |
| Trade debts | 44 | €489 | €357 | -€132 | -27.0% |
| Suppliers | 440/4 | €489 | €357 | -€132 | -27.0% |
| Taxes, remuneration and social security | 45 | €522 | €2,588 | +€2,066 | +395.9% |
| Taxes | 450/3 | €522 | €2,588 | +€2,066 | +395.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,407 | €1,407 | = | 0.0% |
| Other operating charges | 640/8 | €1,158 | €824 | -€334 | -28.8% |
| Gross operating margin | 9900 | €1,992 | -€3,240 | -€5,232 | |
| Operating profit (loss) | 9901 | -€573 | -€5,471 | -€4,898 | -855.4% |
| Financial charges | 65/66B | €70 | €82 | +€12 | +17.1% |
| Recurring financial charges | 65 | €70 | €82 | +€12 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | -€643 | -€5,553 | -€4,910 | -764.1% |
| Income taxes | 67/77 | €522 | €679 | +€157 | +30.0% |
| Profit (loss) for the period | 9904 | -€1,165 | -€6,232 | -€5,067 | -435.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,165 | -€6,232 | -€5,067 | -435.1% |
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.