ALTIN: 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.
ALTIN
Largest movements
- Cash +€211,065
up €211,065 (+120.8%), from €174,721 to €385,786
mainly Net result for the year (+€204,432) and Tax, wage and social debts (+€40,731)
- Receivables within one year +€32,160
up €32,160 (+37226.7%), from €86 to €32,247
- Receivables after one year +€5,000
new in 2025: €5,000
- Reserves +€204,432
up €204,432 (+332.0%), from €61,571 to €266,003
- Tax, wage and social debts +€40,731
up €40,731 (+132.7%), from €30,697 to €71,428
- Gross operating margin +€196,985
up €196,985 (+263.7%), from €74,713 to €271,698
- Taxes +€46,626
up €46,626 (+310.5%), from €15,015 to €61,641
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 | €174,808 | €423,032 | +€248,225 | +142.0% |
| Current assets | 29/58 | €174,808 | €423,032 | +€248,225 | +142.0% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €86 | €32,247 | +€32,160 | +37226.7% |
| Trade receivables | 40 | €86 | €32,247 | +€32,160 | +37226.7% |
| Cash at bank and in hand | 54/58 | €174,721 | €385,786 | +€211,065 | +120.8% |
| Total equity and liabilities | 10/49 | €174,808 | €423,032 | +€248,225 | +142.0% |
| Equity | 10/15 | €66,571 | €271,003 | +€204,432 | +307.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €61,571 | €266,003 | +€204,432 | +332.0% |
| Distributable reserves | 133 | €61,571 | €266,003 | +€204,432 | +332.0% |
| Amounts payable | 17/49 | €108,237 | €152,029 | +€43,792 | +40.5% |
| Amounts payable after more than one year | 17 | €77,311 | €79,406 | +€2,094 | +2.7% |
| Financial debts | 170/4 | €77,311 | €79,406 | +€2,094 | +2.7% |
| Amounts payable within one year | 42/48 | €30,925 | €72,623 | +€41,698 | +134.8% |
| Trade debts | 44 | €228 | €1,195 | +€967 | +423.7% |
| Suppliers | 440/4 | €228 | €1,195 | +€967 | +423.7% |
| Taxes, remuneration and social security | 45 | €30,697 | €71,428 | +€40,731 | +132.7% |
| Taxes | 450/3 | €30,697 | €71,428 | +€40,731 | +132.7% |
| Other operating charges | 640/8 | €206 | €528 | +€322 | +156.3% |
| Gross operating margin | 9900 | €74,713 | €271,698 | +€196,985 | +263.7% |
| Operating profit (loss) | 9901 | €74,507 | €271,170 | +€196,663 | +264.0% |
| Financial income | 75/76B | - | €1,056 | +€1,056 | |
| Recurring financial income | 75 | - | €1,056 | +€1,056 | |
| Financial charges | 65/66B | €4,945 | €6,153 | +€1,208 | +24.4% |
| Recurring financial charges | 65 | €4,945 | €6,153 | +€1,208 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €69,562 | €266,073 | +€196,511 | +282.5% |
| Income taxes | 67/77 | €15,015 | €61,641 | +€46,626 | +310.5% |
| Profit (loss) for the period | 9904 | €54,547 | €204,432 | +€149,885 | +274.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,547 | €204,432 | +€149,885 | +274.8% |
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 7 October 2026 via checked.be.