ALTIQ: 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.
ALTIQ
Largest movements
- Cash -€92,320
down €92,320 (-81.7%), from €112,942 to €20,622
mainly Debts after one year (-€200,000) and Trade debts (-€65,367)
- Receivables within one year +€65,076
up €65,076 (+34.8%), from €186,785 to €251,861
of which Trade receivables: +€79,136
- Stocks and contracts -€60,647
down €60,647 (-34.9%), from €173,870 to €113,223
- Intangible fixed assets -€16,361
down €16,361 (-44.1%), from €37,120 to €20,758
- Reserves +€234,511
new in 2025: €234,511
- Debts after one year -€200,000
down €200,000 (-97.0%), from €206,250 to €6,250
of which Other amounts payable: -€206,250
- Profit (loss) carried forward -€168,059
down €168,059 (-100%), from €168,059 to €0
- Current portion of long-term debt +€95,000
new in 2025: €95,000
- Trade debts -€65,367
down €65,367 (-53.8%), from €121,601 to €56,234
- Gross operating margin +€47,960
up €47,960 (+38.2%), from €125,655 to €173,615
- Taxes +€15,309
up €15,309 (+145%), from €10,584 to €25,893
- Staff costs +€13,457
up €13,457 (+33.9%), from €39,644 to €53,101
- Financial charges -€10,455
down €10,455 (-89.5%), from €11,688 to €1,233
- Other operating charges +€2,339
up €2,339 (+368%), from €636 to €2,975
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 | €564,120 | €452,772 | -€111,348 | -19.7% |
| Fixed assets | 21/28 | €88,204 | €67,066 | -€21,138 | -24.0% |
| Intangible fixed assets | 21 | €37,120 | €20,758 | -€16,361 | -44.1% |
| Tangible fixed assets | 22/27 | €34,984 | €30,207 | -€4,777 | -13.7% |
| Plant, machinery and equipment | 23 | €1,970 | €2,897 | +€926 | +47.0% |
| Furniture and vehicles | 24 | €4,091 | €2,514 | -€1,576 | -38.5% |
| Other tangible fixed assets | 26 | €28,923 | €24,796 | -€4,127 | -14.3% |
| Financial fixed assets | 28 | €16,100 | €16,100 | = | 0.0% |
| Current assets | 29/58 | €475,916 | €385,706 | -€90,210 | -19.0% |
| Stocks and contracts in progress | 3 | €173,870 | €113,223 | -€60,647 | -34.9% |
| Stocks | 30/36 | €173,870 | €113,223 | -€60,647 | -34.9% |
| Amounts receivable within one year | 40/41 | €186,785 | €251,861 | +€65,076 | +34.8% |
| Trade receivables | 40 | €172,725 | €251,861 | +€79,136 | +45.8% |
| Other amounts receivable | 41 | €14,060 | €0 | -€14,060 | -100% |
| Cash at bank and in hand | 54/58 | €112,942 | €20,622 | -€92,320 | -81.7% |
| Deferred charges and accrued income | 490/1 | €2,320 | €0 | -€2,320 | -100% |
| Total equity and liabilities | 10/49 | €564,120 | €452,772 | -€111,348 | -19.7% |
| Equity | 10/15 | €170,059 | €236,511 | +€66,452 | +39.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €234,511 | +€234,511 | |
| Distributable reserves | 133 | - | €234,511 | +€234,511 | |
| Profit (loss) carried forward | 14 | €168,059 | €0 | -€168,059 | -100% |
| Amounts payable | 17/49 | €394,061 | €216,261 | -€177,800 | -45.1% |
| Amounts payable after more than one year | 17 | €206,250 | €6,250 | -€200,000 | -97.0% |
| Financial debts | 170/4 | - | €6,250 | +€6,250 | |
| Other amounts payable | 178/9 | €206,250 | €0 | -€206,250 | -100% |
| Amounts payable within one year | 42/48 | €174,454 | €210,011 | +€35,557 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | - | €95,000 | +€95,000 | |
| Trade debts | 44 | €121,601 | €56,234 | -€65,367 | -53.8% |
| Suppliers | 440/4 | €121,601 | €56,234 | -€65,367 | -53.8% |
| Taxes, remuneration and social security | 45 | €52,854 | €39,681 | -€13,173 | -24.9% |
| Taxes | 450/3 | €50,815 | €36,103 | -€14,712 | -29.0% |
| Remuneration and social security | 454/9 | €2,038 | €3,578 | +€1,539 | +75.5% |
| Other amounts payable | 47/48 | - | €19,096 | +€19,096 | |
| Accrued charges and deferred income | 492/3 | €13,357 | €0 | -€13,357 | -100% |
| Remuneration, social security and pensions | 62 | €39,644 | €53,101 | +€13,457 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,006 | €23,962 | -€1,045 | -4.2% |
| Other operating charges | 640/8 | €636 | €2,975 | +€2,339 | +368% |
| Gross operating margin | 9900 | €125,655 | €173,615 | +€47,960 | +38.2% |
| Operating profit (loss) | 9901 | €60,369 | €93,578 | +€33,209 | +55.0% |
| Financial income | 75/76B | €692 | €0 | -€692 | -100% |
| Recurring financial income | 75 | €692 | €0 | -€692 | -100% |
| Financial charges | 65/66B | €11,688 | €1,233 | -€10,455 | -89.5% |
| Recurring financial charges | 65 | €11,688 | €1,233 | -€10,455 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | €49,373 | €92,345 | +€42,972 | +87.0% |
| Income taxes | 67/77 | €10,584 | €25,893 | +€15,309 | +145% |
| Profit (loss) for the period | 9904 | €38,789 | €66,452 | +€27,663 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,789 | €66,452 | +€27,663 | +71.3% |
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 18 October 2026 via checked.be.