ALTINA: 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.
ALTINA
Largest movements
- Tangible fixed assets -€41,134
down €41,134 (-11.0%), from €373,171 to €332,037
of which Land and buildings: -€24,454
- Current investments +€15,000
up €15,000 (+17.6%), from €85,000 to €100,000
- Cash -€12,551
down €12,551 (-13.3%), from €94,219 to €81,668
mainly Net result for the year (-€49,804) and Current investments (-€15,000)
- Profit (loss) carried forward -€34,804
down €34,804 (-8.3%), from -€420,787 to -€455,591
- Trade debts -€8,102
down €8,102 (-96.8%), from €8,366 to €264
- Gross operating margin +€36,359
up €36,359 (+87.5%), from -€41,536 to -€5,177
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 | €552,650 | €513,974 | -€38,676 | -7.0% |
| Fixed assets | 21/28 | €373,171 | €332,037 | -€41,134 | -11.0% |
| Tangible fixed assets | 22/27 | €373,171 | €332,037 | -€41,134 | -11.0% |
| Land and buildings | 22 | €324,789 | €300,334 | -€24,454 | -7.5% |
| Plant, machinery and equipment | 23 | €960 | €480 | -€480 | -50.0% |
| Furniture and vehicles | 24 | €47,422 | €31,222 | -€16,200 | -34.2% |
| Current assets | 29/58 | €179,479 | €181,937 | +€2,458 | +1.4% |
| Amounts receivable within one year | 40/41 | €260 | €269 | +€8 | +3.2% |
| Trade receivables | 40 | €260 | €269 | +€8 | +3.2% |
| Current investments | 50/53 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Cash at bank and in hand | 54/58 | €94,219 | €81,668 | -€12,551 | -13.3% |
| Total equity and liabilities | 10/49 | €552,650 | €513,974 | -€38,676 | -7.0% |
| Equity | 10/15 | €493,196 | €458,392 | -€34,804 | -7.1% |
| Contributions | 10/11 | €912,000 | €912,000 | = | 0.0% |
| Reserves | 13 | €1,983 | €1,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Other | 1319 | €1,983 | €1,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€420,787 | -€455,591 | -€34,804 | -8.3% |
| Amounts payable | 17/49 | €59,454 | €55,582 | -€3,872 | -6.5% |
| Amounts payable within one year | 42/48 | €59,454 | €55,582 | -€3,872 | -6.5% |
| Trade debts | 44 | €8,366 | €264 | -€8,102 | -96.8% |
| Suppliers | 440/4 | €8,366 | €264 | -€8,102 | -96.8% |
| Taxes, remuneration and social security | 45 | €190 | €336 | +€146 | +77.3% |
| Taxes | 450/3 | €190 | €336 | +€146 | +77.3% |
| Other amounts payable | 47/48 | €50,898 | €54,981 | +€4,083 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,222 | €41,134 | -€89 | -0.2% |
| Other operating charges | 640/8 | €3,535 | €3,892 | +€357 | +10.1% |
| Gross operating margin | 9900 | -€41,536 | -€5,177 | +€36,359 | +87.5% |
| Operating profit (loss) | 9901 | -€86,294 | -€50,203 | +€36,091 | +41.8% |
| Financial income | 75/76B | €414 | €465 | +€51 | +12.2% |
| Recurring financial income | 75 | €414 | €465 | +€51 | +12.2% |
| Financial charges | 65/66B | €69 | €66 | -€3 | -3.7% |
| Recurring financial charges | 65 | €69 | €66 | -€3 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€85,948 | -€49,804 | +€36,144 | +42.1% |
| Transfer to deferred taxes | 680 | €499 | - | -€499 | |
| Profit (loss) for the period | 9904 | -€86,447 | -€49,804 | +€36,643 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,447 | -€49,804 | +€36,643 | +42.4% |
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 17 October 2026 via checked.be.