ALTIGI: 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.
ALTIGI
Largest movements
- Cash -€81,285
down €81,285 (-39.4%), from €206,059 to €124,774
mainly Contributions, distributions and other (-€100,000) and Tax, wage and social debts (-€27,055)
- Receivables within one year -€13,936
down €13,936 (-26.5%), from €52,653 to €38,717
of which Trade receivables: -€15,950
- Tangible fixed assets -€10,374
down €10,374 (-35.4%), from €29,326 to €18,952
- Profit (loss) carried forward -€69,955
down €69,955 (-89.6%), from €78,044 to €8,089
- Tax, wage and social debts -€27,055
down €27,055 (-46.1%), from €58,627 to €31,572
of which Taxes: -€27,055
- Trade debts -€3,835
down €3,835 (-64.1%), from €5,983 to €2,148
- Current portion of long-term debt -€3,706
down €3,706 (-100.0%), from €3,706 to €0
- Gross operating margin -€104,222
down €104,222 (-67.2%), from €155,031 to €50,810
- Taxes -€24,866
down €24,866 (-72.2%), from €34,438 to €9,572
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 | €289,022 | €183,491 | -€105,531 | -36.5% |
| Fixed assets | 21/28 | €29,426 | €19,052 | -€10,374 | -35.3% |
| Tangible fixed assets | 22/27 | €29,326 | €18,952 | -€10,374 | -35.4% |
| Furniture and vehicles | 24 | €1,958 | €626 | -€1,332 | -68.0% |
| Leasing and similar rights | 25 | €4,941 | €0 | -€4,941 | -100.0% |
| Other tangible fixed assets | 26 | €22,426 | €18,326 | -€4,101 | -18.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €259,596 | €164,439 | -€95,157 | -36.7% |
| Amounts receivable within one year | 40/41 | €52,653 | €38,717 | -€13,936 | -26.5% |
| Trade receivables | 40 | €44,239 | €28,289 | -€15,950 | -36.1% |
| Other amounts receivable | 41 | €8,414 | €10,428 | +€2,014 | +23.9% |
| Cash at bank and in hand | 54/58 | €206,059 | €124,774 | -€81,285 | -39.4% |
| Deferred charges and accrued income | 490/1 | €884 | €947 | +€64 | +7.2% |
| Total equity and liabilities | 10/49 | €289,022 | €183,491 | -€105,531 | -36.5% |
| Equity | 10/15 | €131,549 | €61,594 | -€69,955 | -53.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €34,955 | €34,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €33,100 | €33,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,044 | €8,089 | -€69,955 | -89.6% |
| Amounts payable | 17/49 | €157,472 | €121,897 | -€35,576 | -22.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €157,472 | €121,897 | -€35,576 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €3,706 | €0 | -€3,706 | -100.0% |
| Trade debts | 44 | €5,983 | €2,148 | -€3,835 | -64.1% |
| Suppliers | 440/4 | €5,983 | €2,148 | -€3,835 | -64.1% |
| Taxes, remuneration and social security | 45 | €58,627 | €31,572 | -€27,055 | -46.1% |
| Taxes | 450/3 | €53,487 | €26,432 | -€27,055 | -50.6% |
| Remuneration and social security | 454/9 | €5,140 | €5,140 | = | 0.0% |
| Other amounts payable | 47/48 | €89,157 | €88,177 | -€980 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,685 | €10,374 | -€311 | -2.9% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Gross operating margin | 9900 | €155,031 | €50,810 | -€104,222 | -67.2% |
| Operating profit (loss) | 9901 | €143,674 | €39,741 | -€103,933 | -72.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,175 | €124 | -€1,051 | -89.4% |
| Recurring financial charges | 65 | €1,175 | €124 | -€1,051 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | €142,499 | €39,616 | -€102,882 | -72.2% |
| Income taxes | 67/77 | €34,438 | €9,572 | -€24,866 | -72.2% |
| Profit (loss) for the period | 9904 | €108,061 | €30,045 | -€78,017 | -72.2% |
| Transfer from tax-exempt reserves | 789 | €18,145 | €0 | -€18,145 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,206 | €30,045 | -€96,162 | -76.2% |
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 5 October 2026 via checked.be.