Altezza: 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.
Altezza
Largest movements
- Cash +€63,637
up €63,637 (+41.8%), from €152,285 to €215,922
mainly Depreciation (+€137,462) and Net result for the year (+€66,383)
- Tangible fixed assets +€17,896
up €17,896 (+4.7%), from €381,743 to €399,640
of which Plant, machinery and equipment: +€67,683
- Receivables within one year -€8,366
down €8,366 (-14.5%), from €57,818 to €49,451
of which Trade receivables: -€12,950
- Other debts +€60,000
new in 2025: €60,000
- Trade debts +€51,208
up €51,208 (+28.9%), from €177,124 to €228,332
- Debts after one year -€37,054
down €37,054 (-56.8%), from €65,241 to €28,188
- Profit (loss) carried forward +€16,383
up €16,383 (+24.3%), from €67,318 to €83,701
- Reserves -€10,000
down €10,000 (-6.3%), from €160,000 to €150,000
- Gross operating margin +€232,152
up €232,152 (+69.5%), from €334,150 to €566,302
- Staff costs +€201,265
up €201,265 (+166%), from €120,948 to €322,213
- Depreciation +€46,378
up €46,378 (+50.9%), from €91,083 to €137,462
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 | €597,057 | €669,869 | +€72,811 | +12.2% |
| Fixed assets | 21/28 | €381,743 | €399,640 | +€17,896 | +4.7% |
| Tangible fixed assets | 22/27 | €381,743 | €399,640 | +€17,896 | +4.7% |
| Plant, machinery and equipment | 23 | €170,039 | €237,722 | +€67,683 | +39.8% |
| Furniture and vehicles | 24 | €210,631 | €161,094 | -€49,537 | -23.5% |
| Other tangible fixed assets | 26 | €1,074 | €824 | -€249 | -23.2% |
| Current assets | 29/58 | €215,314 | €270,229 | +€54,915 | +25.5% |
| Amounts receivable within one year | 40/41 | €57,818 | €49,451 | -€8,366 | -14.5% |
| Trade receivables | 40 | €28,190 | €15,240 | -€12,950 | -45.9% |
| Other amounts receivable | 41 | €29,627 | €34,211 | +€4,584 | +15.5% |
| Cash at bank and in hand | 54/58 | €152,285 | €215,922 | +€63,637 | +41.8% |
| Deferred charges and accrued income | 490/1 | €5,211 | €4,856 | -€355 | -6.8% |
| Total equity and liabilities | 10/49 | €597,057 | €669,869 | +€72,811 | +12.2% |
| Equity | 10/15 | €230,318 | €236,701 | +€6,383 | +2.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €160,000 | €150,000 | -€10,000 | -6.3% |
| Distributable reserves | 133 | €160,000 | €150,000 | -€10,000 | -6.3% |
| Profit (loss) carried forward | 14 | €67,318 | €83,701 | +€16,383 | +24.3% |
| Amounts payable | 17/49 | €366,740 | €433,168 | +€66,428 | +18.1% |
| Amounts payable after more than one year | 17 | €65,241 | €28,188 | -€37,054 | -56.8% |
| Financial debts | 170/4 | €65,241 | €28,188 | -€37,054 | -56.8% |
| Amounts payable within one year | 42/48 | €301,499 | €404,787 | +€103,288 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €35,945 | €37,054 | +€1,109 | +3.1% |
| Trade debts | 44 | €177,124 | €228,332 | +€51,208 | +28.9% |
| Suppliers | 440/4 | €177,124 | €228,332 | +€51,208 | +28.9% |
| Taxes, remuneration and social security | 45 | €88,429 | €79,401 | -€9,029 | -10.2% |
| Taxes | 450/3 | €83,857 | €70,941 | -€12,916 | -15.4% |
| Remuneration and social security | 454/9 | €4,573 | €8,460 | +€3,887 | +85.0% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Accrued charges and deferred income | 492/3 | - | €194 | +€194 | |
| Remuneration, social security and pensions | 62 | €120,948 | €322,213 | +€201,265 | +166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,083 | €137,462 | +€46,378 | +50.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,148 | +€2,148 | |
| Other operating charges | 640/8 | €4,886 | €5,170 | +€284 | +5.8% |
| Gross operating margin | 9900 | €334,150 | €566,302 | +€232,152 | +69.5% |
| Operating profit (loss) | 9901 | €117,233 | €99,310 | -€17,923 | -15.3% |
| Financial income | 75/76B | €4,230 | €5,520 | +€1,290 | +30.5% |
| Recurring financial income | 75 | €4,230 | €5,520 | +€1,290 | +30.5% |
| Financial charges | 65/66B | €4,013 | €2,905 | -€1,108 | -27.6% |
| Recurring financial charges | 65 | €4,013 | €2,905 | -€1,108 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €117,450 | €101,924 | -€15,526 | -13.2% |
| Income taxes | 67/77 | €35,435 | €35,541 | +€105 | +0.3% |
| Profit (loss) for the period | 9904 | €82,015 | €66,383 | -€15,632 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,015 | €66,383 | -€15,632 | -19.1% |
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 16 October 2026 via checked.be.