ALTIS: 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.
ALTIS
Largest movements
- Tangible fixed assets -€27,463
down €27,463 (-5.0%), from €550,614 to €523,151
of which Land and buildings: -€29,289
- Cash -€23,508
down €23,508 (-7.5%), from €314,217 to €290,709
mainly Trade debts (-€73,790) and Debts after one year (-€29,382)
- Receivables within one year -€11,192
down €11,192 (-6.6%), from €170,409 to €159,217
- Trade debts -€73,790
down €73,790 (-69.8%), from €105,660 to €31,870
- Profit (loss) carried forward +€52,612
up €52,612 (+18.0%), from €292,189 to €344,801
- Debts after one year -€29,382
down €29,382 (-5.9%), from €497,021 to €467,639
of which Financial debts: -€30,490
- Staff costs +€184,412
up €184,412 (+41.2%), from €447,773 to €632,185
- Gross operating margin +€117,154
up €117,154 (+18.6%), from €629,449 to €746,603
- Turnover +€89,858
up €89,858 (+18.6%), from €482,140 to €571,998
- Depreciation -€9,219
down €9,219 (-16.3%), from €56,692 to €47,473
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,055,970 | €997,540 | -€58,430 | -5.5% |
| Formation expenses | 20 | €8,600 | €7,525 | -€1,075 | -12.5% |
| Fixed assets | 21/28 | €550,614 | €523,151 | -€27,463 | -5.0% |
| Tangible fixed assets | 22/27 | €550,614 | €523,151 | -€27,463 | -5.0% |
| Land and buildings | 22 | €547,620 | €518,331 | -€29,289 | -5.3% |
| Plant, machinery and equipment | 23 | €1,207 | €3,400 | +€2,193 | +181.7% |
| Furniture and vehicles | 24 | €1,787 | €1,420 | -€367 | -20.5% |
| Current assets | 29/58 | €496,756 | €466,864 | -€29,892 | -6.0% |
| Amounts receivable within one year | 40/41 | €170,409 | €159,217 | -€11,192 | -6.6% |
| Other amounts receivable | 41 | €170,409 | €159,217 | -€11,192 | -6.6% |
| Current investments | 50/53 | €10,845 | €12,885 | +€2,040 | +18.8% |
| Cash at bank and in hand | 54/58 | €314,217 | €290,709 | -€23,508 | -7.5% |
| Deferred charges and accrued income | 490/1 | €1,285 | €4,053 | +€2,768 | +215.4% |
| Total equity and liabilities | 10/49 | €1,055,970 | €997,540 | -€58,430 | -5.5% |
| Equity | 10/15 | €292,189 | €344,801 | +€52,612 | +18.0% |
| Profit (loss) carried forward | 14 | €292,189 | €344,801 | +€52,612 | +18.0% |
| Provisions and deferred taxes | 16 | €75,550 | €75,550 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €75,550 | €75,550 | = | 0.0% |
| Pensions and similar obligations | 160 | - | €75,550 | +€75,550 | |
| Environmental obligations | 163 | €75,550 | - | -€75,550 | |
| Amounts payable | 17/49 | €688,231 | €577,189 | -€111,042 | -16.1% |
| Amounts payable after more than one year | 17 | €497,021 | €467,639 | -€29,382 | -5.9% |
| Financial debts | 170/4 | €475,943 | €445,453 | -€30,490 | -6.4% |
| Other amounts payable | 178/9 | €21,078 | €22,186 | +€1,108 | +5.3% |
| Amounts payable within one year | 42/48 | €189,527 | €106,269 | -€83,258 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €29,905 | €30,490 | +€585 | +2.0% |
| Trade debts | 44 | €105,660 | €31,870 | -€73,790 | -69.8% |
| Suppliers | 440/4 | €105,660 | €31,870 | -€73,790 | -69.8% |
| Taxes, remuneration and social security | 45 | €53,962 | €43,909 | -€10,053 | -18.6% |
| Remuneration and social security | 454/9 | €53,962 | €43,909 | -€10,053 | -18.6% |
| Accrued charges and deferred income | 492/3 | €1,683 | €3,281 | +€1,598 | +94.9% |
| Turnover | 70 | €482,140 | €571,998 | +€89,858 | +18.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €151,035 | €148,792 | -€2,243 | -1.5% |
| Remuneration, social security and pensions | 62 | €447,773 | €632,185 | +€184,412 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,692 | €47,473 | -€9,219 | -16.3% |
| Other operating charges | 640/8 | €3,205 | €5,121 | +€1,916 | +59.8% |
| Gross operating margin | 9900 | €629,449 | €746,603 | +€117,154 | +18.6% |
| Operating profit (loss) | 9901 | €70,821 | €61,824 | -€8,997 | -12.7% |
| Financial income | 75/76B | €50 | €1,433 | +€1,383 | +2766.0% |
| Recurring financial income | 75 | €50 | €1,433 | +€1,383 | +2766.0% |
| Financial charges | 65/66B | €13,955 | €10,256 | -€3,699 | -26.5% |
| Recurring financial charges | 65 | €13,955 | €10,256 | -€3,699 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €56,916 | €53,001 | -€3,915 | -6.9% |
| Income taxes | 67/77 | - | €410 | +€410 | |
| Profit (loss) for the period | 9904 | €56,916 | €52,591 | -€4,325 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,916 | €52,591 | -€4,325 | -7.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.