Altiora: 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.
Altiora
Largest movements
- Cash +€25,818
up €25,818 (+52.3%), from €49,400 to €75,218
mainly Net result for the year (+€35,894) and Other debts (+€3,927)
- Receivables within one year +€13,133
up €13,133 (+291.8%), from €4,501 to €17,633
- Tangible fixed assets +€1,312
up €1,312 (+15.3%), from €8,590 to €9,902
- Reserves +€35,894
up €35,894 (+110.7%), from €32,438 to €68,333
- Other debts +€3,927
up €3,927 (+1269.2%), from €309 to €4,236
- Gross operating margin +€6,360
up €6,360 (+13.6%), from €46,816 to €53,176
- Taxes +€2,032
up €2,032 (+15.6%), from €13,042 to €15,074
- Depreciation +€612
up €612 (+212.1%), from €289 to €901
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 | €62,778 | €103,176 | +€40,398 | +64.4% |
| Fixed assets | 21/28 | €8,590 | €9,902 | +€1,312 | +15.3% |
| Tangible fixed assets | 22/27 | €8,590 | €9,902 | +€1,312 | +15.3% |
| Other tangible fixed assets | 26 | €8,590 | €9,902 | +€1,312 | +15.3% |
| Current assets | 29/58 | €54,188 | €93,274 | +€39,086 | +72.1% |
| Amounts receivable within one year | 40/41 | €4,501 | €17,633 | +€13,133 | +291.8% |
| Trade receivables | 40 | €4,501 | €17,633 | +€13,133 | +291.8% |
| Cash at bank and in hand | 54/58 | €49,400 | €75,218 | +€25,818 | +52.3% |
| Deferred charges and accrued income | 490/1 | €287 | €422 | +€135 | +47.2% |
| Total equity and liabilities | 10/49 | €62,778 | €103,176 | +€40,398 | +64.4% |
| Equity | 10/15 | €33,438 | €69,333 | +€35,894 | +107.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €32,438 | €68,333 | +€35,894 | +110.7% |
| Distributable reserves | 133 | €32,438 | €68,333 | +€35,894 | +110.7% |
| Amounts payable | 17/49 | €29,339 | €33,843 | +€4,504 | +15.4% |
| Amounts payable within one year | 42/48 | €29,339 | €33,778 | +€4,438 | +15.1% |
| Trade debts | 44 | €1,283 | €1,570 | +€286 | +22.3% |
| Suppliers | 440/4 | €1,283 | €1,570 | +€286 | +22.3% |
| Taxes, remuneration and social security | 45 | €27,747 | €27,972 | +€225 | +0.8% |
| Taxes | 450/3 | €25,231 | €25,972 | +€741 | +2.9% |
| Remuneration and social security | 454/9 | €2,516 | €2,000 | -€516 | -20.5% |
| Other amounts payable | 47/48 | €309 | €4,236 | +€3,927 | +1269.2% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289 | €901 | +€612 | +212.1% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €46,816 | €53,176 | +€6,360 | +13.6% |
| Operating profit (loss) | 9901 | €46,528 | €51,875 | +€5,348 | +11.5% |
| Financial income | 75/76B | €10 | €219 | +€209 | +2082.1% |
| Recurring financial income | 75 | €10 | €219 | +€209 | +2082.1% |
| Financial charges | 65/66B | €1,058 | €1,126 | +€69 | +6.5% |
| Recurring financial charges | 65 | €1,058 | €1,126 | +€69 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €45,480 | €50,968 | +€5,488 | +12.1% |
| Income taxes | 67/77 | €13,042 | €15,074 | +€2,032 | +15.6% |
| Profit (loss) for the period | 9904 | €32,438 | €35,894 | +€3,456 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,438 | €35,894 | +€3,456 | +10.7% |
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.