ALTIHOLD: 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.
ALTIHOLD
Largest movements
- Cash +€110,988
up €110,988 (+461.8%), from €24,034 to €135,022
mainly Net result for the year (+€95,382) and Receivables within one year (+€74,986)
- Receivables within one year -€74,986
down €74,986 (-90.9%), from €82,486 to €7,500
of which Trade receivables: -€78,650
- Profit (loss) carried forward +€95,382
up €95,382 (+10.9%), from €871,565 to €966,947
- Current portion of long-term debt -€88,889
no longer reported in 2025 (was €88,889)
- Other debts +€26,297
up €26,297 (+4.0%), from €657,416 to €683,713
- Gross operating margin -€57,838
down €57,838 (-27.3%), from €212,183 to €154,345
- Taxes -€14,217
down €14,217 (-30.8%), from €46,164 to €31,947
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 | €1,656,520 | €1,692,522 | +€36,002 | +2.2% |
| Fixed assets | 21/28 | €1,550,000 | €1,550,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,550,000 | €1,550,000 | = | 0.0% |
| Current assets | 29/58 | €106,520 | €142,522 | +€36,002 | +33.8% |
| Amounts receivable within one year | 40/41 | €82,486 | €7,500 | -€74,986 | -90.9% |
| Trade receivables | 40 | €78,650 | - | -€78,650 | |
| Other amounts receivable | 41 | €3,836 | €7,500 | +€3,664 | +95.5% |
| Cash at bank and in hand | 54/58 | €24,034 | €135,022 | +€110,988 | +461.8% |
| Total equity and liabilities | 10/49 | €1,656,520 | €1,692,522 | +€36,002 | +2.2% |
| Equity | 10/15 | €896,565 | €991,947 | +€95,382 | +10.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €871,565 | €966,947 | +€95,382 | +10.9% |
| Amounts payable | 17/49 | €759,955 | €700,574 | -€59,381 | -7.8% |
| Amounts payable within one year | 42/48 | €759,955 | €700,574 | -€59,381 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €88,889 | - | -€88,889 | |
| Taxes, remuneration and social security | 45 | €13,650 | €16,861 | +€3,211 | +23.5% |
| Taxes | 450/3 | €13,650 | €16,861 | +€3,211 | +23.5% |
| Other amounts payable | 47/48 | €657,416 | €683,713 | +€26,297 | +4.0% |
| Gross operating margin | 9900 | €212,183 | €154,345 | -€57,838 | -27.3% |
| Operating profit (loss) | 9901 | €212,183 | €154,345 | -€57,838 | -27.3% |
| Financial charges | 65/66B | €27,526 | €27,015 | -€512 | -1.9% |
| Recurring financial charges | 65 | €27,526 | €27,015 | -€512 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €184,656 | €127,330 | -€57,327 | -31.0% |
| Income taxes | 67/77 | €46,164 | €31,947 | -€14,217 | -30.8% |
| Profit (loss) for the period | 9904 | €138,492 | €95,382 | -€43,110 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €138,492 | €95,382 | -€43,110 | -31.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.