ALTI MANAGEMENT: 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.
ALTI MANAGEMENT
Largest movements
- Receivables within one year +€99,961
up €99,961 (+205%), from €48,817 to €148,778
- Cash +€21,079
up €21,079 (+123%), from €17,134 to €38,213
mainly Other debts (+€99,912) and Net result for the year (+€17,212)
- Other debts +€99,912
up €99,912 (+48.9%), from €204,235 to €304,147
- Reserves +€17,212
up €17,212 (+5.0%), from €342,827 to €360,040
of which Distributable reserves: +€17,212
- Tax, wage and social debts +€9,388
up €9,388 (+368%), from €2,549 to €11,937
- Financial income +€3,724
up €3,724 (+210%), from €1,778 to €5,502
- Taxes +€2,469
up €2,469 (+38.9%), from €6,344 to €8,813
- Gross operating margin +€1,830
up €1,830 (+9.7%), from €18,838 to €20,668
- Other operating charges -€539
no longer reported in 2025 (was €539)
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 | €618,851 | €745,385 | +€126,534 | +20.4% |
| Fixed assets | 21/28 | €550,000 | €550,000 | = | 0.0% |
| Financial fixed assets | 28 | €550,000 | €550,000 | = | 0.0% |
| Current assets | 29/58 | €68,851 | €195,385 | +€126,534 | +184% |
| Amounts receivable within one year | 40/41 | €48,817 | €148,778 | +€99,961 | +205% |
| Other amounts receivable | 41 | €48,817 | €148,778 | +€99,961 | +205% |
| Cash at bank and in hand | 54/58 | €17,134 | €38,213 | +€21,079 | +123% |
| Deferred charges and accrued income | 490/1 | €2,901 | €8,395 | +€5,494 | +189% |
| Total equity and liabilities | 10/49 | €618,851 | €745,385 | +€126,534 | +20.4% |
| Equity | 10/15 | €412,005 | €429,217 | +€17,212 | +4.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €342,827 | €360,040 | +€17,212 | +5.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €336,627 | €353,840 | +€17,212 | +5.1% |
| Profit (loss) carried forward | 14 | €7,177 | €7,177 | = | 0.0% |
| Amounts payable | 17/49 | €206,846 | €316,168 | +€109,322 | +52.9% |
| Amounts payable within one year | 42/48 | €206,846 | €316,168 | +€109,322 | +52.9% |
| Trade debts | 44 | €63 | €84 | +€21 | +33.3% |
| Suppliers | 440/4 | €63 | €84 | +€21 | +33.3% |
| Taxes, remuneration and social security | 45 | €2,549 | €11,937 | +€9,388 | +368% |
| Taxes | 450/3 | €2,549 | €11,937 | +€9,388 | +368% |
| Other amounts payable | 47/48 | €204,235 | €304,147 | +€99,912 | +48.9% |
| Other operating charges | 640/8 | €539 | - | -€539 | |
| Gross operating margin | 9900 | €18,838 | €20,668 | +€1,830 | +9.7% |
| Operating profit (loss) | 9901 | €18,299 | €20,668 | +€2,369 | +12.9% |
| Financial income | 75/76B | €1,778 | €5,502 | +€3,724 | +210% |
| Recurring financial income | 75 | €1,778 | €5,502 | +€3,724 | +210% |
| Financial charges | 65/66B | €138 | €145 | +€6 | +4.6% |
| Recurring financial charges | 65 | €138 | €145 | +€6 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €19,938 | €26,025 | +€6,087 | +30.5% |
| Income taxes | 67/77 | €6,344 | €8,813 | +€2,469 | +38.9% |
| Profit (loss) for the period | 9904 | €13,594 | €17,212 | +€3,618 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,594 | €17,212 | +€3,618 | +26.6% |
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 20 October 2026 via checked.be.