ALTIN: 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.
ALTIN
Largest movements
- Cash +€36,669
up €36,669 (+69.8%), from €52,516 to €89,185
mainly Advances received (+€25,000) and Depreciation (+€12,697)
- Tangible fixed assets -€12,697
down €12,697 (-43.2%), from €29,358 to €16,661
of which Other tangible fixed assets: -€9,484
- Deferred charges and accrued income -€4,942
down €4,942 (-75.8%), from €6,519 to €1,578
- Receivables within one year +€3,695
up €3,695 (+9.7%), from €37,942 to €41,637
- Advances received +€25,000
new in 2025: €25,000
- Trade debts -€8,651
down €8,651 (-64.2%), from €13,481 to €4,830
- Other debts +€6,468
up €6,468 (+244%), from €2,655 to €9,123
- Profit (loss) carried forward -€4,069
down €4,069 (-18.8%), from €21,671 to €17,603
- Tax, wage and social debts +€3,528
up €3,528 (+56.3%), from €6,266 to €9,794
of which Remuneration and social security: +€3,609
- Depreciation -€3,143
down €3,143 (-19.8%), from €15,840 to €12,697
- Financial charges +€3,051
up €3,051 (+41.3%), from €7,387 to €10,438
- Staff costs -€2,629
down €2,629 (-3.5%), from €74,701 to €72,071
- Gross operating margin +€1,674
up €1,674 (+1.9%), from €88,921 to €90,596
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 | €126,783 | €149,060 | +€22,277 | +17.6% |
| Fixed assets | 21/28 | €29,358 | €16,661 | -€12,697 | -43.2% |
| Tangible fixed assets | 22/27 | €29,358 | €16,661 | -€12,697 | -43.2% |
| Furniture and vehicles | 24 | €10,265 | €7,051 | -€3,213 | -31.3% |
| Other tangible fixed assets | 26 | €19,094 | €9,610 | -€9,484 | -49.7% |
| Current assets | 29/58 | €97,425 | €132,399 | +€34,974 | +35.9% |
| Stocks and contracts in progress | 3 | €448 | - | -€448 | |
| Stocks | 30/36 | €448 | - | -€448 | |
| Amounts receivable within one year | 40/41 | €37,942 | €41,637 | +€3,695 | +9.7% |
| Other amounts receivable | 41 | €37,942 | €41,637 | +€3,695 | +9.7% |
| Cash at bank and in hand | 54/58 | €52,516 | €89,185 | +€36,669 | +69.8% |
| Deferred charges and accrued income | 490/1 | €6,519 | €1,578 | -€4,942 | -75.8% |
| Total equity and liabilities | 10/49 | €126,783 | €149,060 | +€22,277 | +17.6% |
| Equity | 10/15 | €104,382 | €100,313 | -€4,069 | -3.9% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €6,072 | €6,072 | = | 0.0% |
| Distributable reserves | 133 | €6,072 | €6,072 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,671 | €17,603 | -€4,069 | -18.8% |
| Investment grants | 15 | €56,187 | €56,187 | = | 0.0% |
| Amounts payable | 17/49 | €22,402 | €48,747 | +€26,345 | +118% |
| Amounts payable within one year | 42/48 | €22,402 | €48,747 | +€26,345 | +118% |
| Trade debts | 44 | €13,481 | €4,830 | -€8,651 | -64.2% |
| Suppliers | 440/4 | €13,481 | €4,830 | -€8,651 | -64.2% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €6,266 | €9,794 | +€3,528 | +56.3% |
| Taxes | 450/3 | €432 | €351 | -€81 | -18.8% |
| Remuneration and social security | 454/9 | €5,834 | €9,443 | +€3,609 | +61.9% |
| Other amounts payable | 47/48 | €2,655 | €9,123 | +€6,468 | +244% |
| Remuneration, social security and pensions | 62 | €74,701 | €72,071 | -€2,629 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,840 | €12,697 | -€3,143 | -19.8% |
| Other operating charges | 640/8 | €779 | - | -€779 | |
| Gross operating margin | 9900 | €88,921 | €90,596 | +€1,674 | +1.9% |
| Operating profit (loss) | 9901 | -€2,399 | €5,827 | +€8,226 | |
| Financial income | 75/76B | €999 | €902 | -€97 | -9.7% |
| Recurring financial income | 75 | €999 | €902 | -€97 | -9.7% |
| Financial charges | 65/66B | €7,387 | €10,438 | +€3,051 | +41.3% |
| Recurring financial charges | 65 | €7,387 | €10,438 | +€3,051 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,787 | -€3,709 | +€5,078 | +57.8% |
| Income taxes | 67/77 | €438 | €360 | -€78 | -17.8% |
| Profit (loss) for the period | 9904 | -€9,224 | -€4,069 | +€5,156 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,224 | -€4,069 | +€5,156 | +55.9% |
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 23 October 2026 via checked.be.