Altin Group: 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 Group
Largest movements
- Cash +€18,283
up €18,283 (+332%), from €5,500 to €23,783
mainly Depreciation (+€19,064) and Receivables within one year (+€12,492)
- Tangible fixed assets -€14,502
down €14,502 (-73.1%), from €19,833 to €5,332
of which Leasing and similar rights: -€17,790
- Receivables within one year -€12,492
down €12,492 (-19.8%), from €63,085 to €50,593
of which Trade receivables: -€8,053
- Deferred charges and accrued income +€1,802
new in 2025: €1,802
- Current portion of long-term debt -€16,978
no longer reported in 2025 (was €16,978)
- Profit (loss) carried forward +€10,992
up €10,992 (+31.4%), from -€35,037 to -€24,045
- Other debts +€6,624
new in 2025: €6,624
- Short-term financial debts -€2,771
down €2,771 (-62.6%), from €4,426 to €1,655
- Tax, wage and social debts -€2,519
down €2,519 (-3.7%), from €67,439 to €64,920
of which Remuneration and social security: -€4,214
- Gross operating margin -€88,290
down €88,290 (-36.8%), from €240,179 to €151,889
- Staff costs -€53,844
down €53,844 (-32.8%), from €164,289 to €110,445
- Taxes -€15,491
down €15,491 (-94.6%), from €16,372 to €880
- Financial charges -€7,943
down €7,943 (-81.7%), from €9,721 to €1,778
- Depreciation -€3,613
down €3,613 (-15.9%), from €22,676 to €19,064
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 | €88,418 | €81,509 | -€6,909 | -7.8% |
| Fixed assets | 21/28 | €19,833 | €5,332 | -€14,502 | -73.1% |
| Tangible fixed assets | 22/27 | €19,833 | €5,332 | -€14,502 | -73.1% |
| Plant, machinery and equipment | 23 | €588 | €818 | +€231 | +39.3% |
| Furniture and vehicles | 24 | €1,456 | €4,513 | +€3,057 | +210% |
| Leasing and similar rights | 25 | €17,790 | - | -€17,790 | |
| Current assets | 29/58 | €68,585 | €76,178 | +€7,593 | +11.1% |
| Amounts receivable within one year | 40/41 | €63,085 | €50,593 | -€12,492 | -19.8% |
| Trade receivables | 40 | €57,646 | €49,593 | -€8,053 | -14.0% |
| Other amounts receivable | 41 | €5,438 | €1,000 | -€4,438 | -81.6% |
| Cash at bank and in hand | 54/58 | €5,500 | €23,783 | +€18,283 | +332% |
| Deferred charges and accrued income | 490/1 | - | €1,802 | +€1,802 | |
| Total equity and liabilities | 10/49 | €88,418 | €81,509 | -€6,909 | -7.8% |
| Equity | 10/15 | -€8,081 | €2,910 | +€10,992 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €8,406 | €8,406 | = | 0.0% |
| Distributable reserves | 133 | €8,406 | €8,406 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,037 | -€24,045 | +€10,992 | +31.4% |
| Amounts payable | 17/49 | €96,499 | €78,599 | -€17,900 | -18.5% |
| Amounts payable after more than one year | 17 | €894 | - | -€894 | |
| Financial debts | 170/4 | €894 | - | -€894 | |
| Amounts payable within one year | 42/48 | €95,605 | €78,599 | -€17,006 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €16,978 | - | -€16,978 | |
| Financial debts | 43 | €4,426 | €1,655 | -€2,771 | -62.6% |
| Credit institutions | 430/8 | €4,426 | €1,655 | -€2,771 | -62.6% |
| Trade debts | 44 | €6,761 | €5,400 | -€1,361 | -20.1% |
| Suppliers | 440/4 | €6,761 | €5,400 | -€1,361 | -20.1% |
| Taxes, remuneration and social security | 45 | €67,439 | €64,920 | -€2,519 | -3.7% |
| Taxes | 450/3 | €38,753 | €40,448 | +€1,695 | +4.4% |
| Remuneration and social security | 454/9 | €28,686 | €24,472 | -€4,214 | -14.7% |
| Other amounts payable | 47/48 | - | €6,624 | +€6,624 | |
| Remuneration, social security and pensions | 62 | €164,289 | €110,445 | -€53,844 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,676 | €19,064 | -€3,613 | -15.9% |
| Other operating charges | 640/8 | €9,316 | €8,731 | -€585 | -6.3% |
| Gross operating margin | 9900 | €240,179 | €151,889 | -€88,290 | -36.8% |
| Operating profit (loss) | 9901 | €43,898 | €13,650 | -€30,248 | -68.9% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €9,721 | €1,778 | -€7,943 | -81.7% |
| Recurring financial charges | 65 | €9,721 | €1,778 | -€7,943 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | €34,182 | €11,872 | -€22,311 | -65.3% |
| Income taxes | 67/77 | €16,372 | €880 | -€15,491 | -94.6% |
| Profit (loss) for the period | 9904 | €17,811 | €10,992 | -€6,819 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,811 | €10,992 | -€6,819 | -38.3% |
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 19 October 2026 via checked.be.