Altis: what changed
What changed
Altis
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€118,952
2024 · -€158,118+€277,070
Equity
€528,968
2024 · €410,016+€118,952
Cash
€7,502
2024 · €102,479-€94,977
Balance sheet total
€970,166
2024 · €1.2m-€180,376
Largest movements
Assets
- Stocks and contracts -€130,269
down €130,269 (-54.0%), from €241,338 to €111,069
- Cash -€94,977
down €94,977 (-92.7%), from €102,479 to €7,502
mainly Current portion of long-term debt (-€355,125) and Tax, wage and social debts (-€94,931)
- Receivables within one year +€44,867
up €44,867 (+3,154%), from €1,423 to €46,290
of which Other amounts receivable: +€46,235
Equity and liabilities
- Current portion of long-term debt -€355,125
no longer reported in 2025 (was €355,125)
- Debts after one year +€137,543
up €137,543 (+55.0%), from €250,000 to €387,543
- Tax, wage and social debts -€94,931
no longer reported in 2025 (was €94,931)
- Profit (loss) carried forward +€93,919
up €93,919, from -€92,951 to €968
- Reserves +€25,033
up €25,033 (+844%), from €2,967 to €28,000
of which Distributable reserves: +€25,033
Income statement
- Turnover +€403,950
new in 2025: €403,950
- Goods and materials +€128,012
new in 2025: €128,012
of which Purchases: +€110,197
- Gross operating margin +€126,144
no longer reported in 2025 (was -€126,144)
- Financial charges +€24,809
up €24,809 (+1,963%), from €1,264 to €26,074
- Services and other goods +€13,524
new in 2025: €13,524
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€158,118
Turnover
+€403,950
Other operating income
+€151
Goods and materials
-€128,012
Services and other goods
-€13,524
Depreciation
+€279
Other operating charges
-€460
Other operating items
+€40,161
Financial income
-€667
Financial charges
-€24,809
Result 2025
€118,952
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€122,605
Investment
€0
Financing
-€217,582
Cash 2024
€102,479
From operations (derived)
+€122,605
Net result for the year
+€118,952
Stocks and contracts
+€130,269
Receivables within one year
-€44,867
Deferred charges and accrued income
-€3
Trade debts
+€12,131
Tax, wage and social debts
-€94,931
Other debts
-€12,080
Accrued charges and deferred income
+€13,134
Financing
-€217,582
Debts after one year
+€137,543
Current portion of long-term debt
-€355,125
Cash 2025
€7,502
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,150,542 | €970,166 | -€180,376 | -15.7% |
| Fixed assets | 21/28 | €805,000 | €805,000 | = | 0.0% |
| Financial fixed assets | 28 | €805,000 | €805,000 | = | 0.0% |
| Affiliated companies | 280/1 | - | €805,000 | +€805,000 | |
| Participating interests | 280 | - | €805,000 | +€805,000 | |
| Current assets | 29/58 | €345,542 | €165,166 | -€180,376 | -52.2% |
| Stocks and contracts in progress | 3 | €241,338 | €111,069 | -€130,269 | -54.0% |
| Stocks | 30/36 | €241,338 | €111,069 | -€130,269 | -54.0% |
| Property held for sale | 35 | - | €111,069 | +€111,069 | |
| Amounts receivable within one year | 40/41 | €1,423 | €46,290 | +€44,867 | +3,154% |
| Trade receivables | 40 | €1,368 | - | -€1,368 | |
| Other amounts receivable | 41 | €55 | €46,290 | +€46,235 | +84,064% |
| Cash at bank and in hand | 54/58 | €102,479 | €7,502 | -€94,977 | -92.7% |
| Deferred charges and accrued income | 490/1 | €303 | €305 | +€3 | +0.8% |
| Total equity and liabilities | 10/49 | €1,150,542 | €970,166 | -€180,376 | -15.7% |
| Equity | 10/15 | €410,016 | €528,968 | +€118,952 | +29.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €2,967 | €28,000 | +€25,033 | +844% |
| Non-distributable reserves | 130/1 | €997 | €997 | = | 0.0% |
| Reserves not available under the articles | 1311 | €997 | €997 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,970 | €1,970 | = | 0.0% |
| Distributable reserves | 133 | - | €25,033 | +€25,033 | |
| Profit (loss) carried forward | 14 | -€92,951 | €968 | +€93,919 | |
| Amounts payable | 17/49 | €740,525 | €441,198 | -€299,328 | -40.4% |
| Amounts payable after more than one year | 17 | €250,000 | €387,543 | +€137,543 | +55.0% |
| Financial debts | 170/4 | €250,000 | €387,543 | +€137,543 | +55.0% |
| Other loans | 174 | - | €387,543 | +€387,543 | |
| Amounts payable within one year | 42/48 | €480,577 | €30,573 | -€450,005 | -93.6% |
| Current portion of amounts payable after more than one year | 42 | €355,125 | - | -€355,125 | |
| Trade debts | 44 | €11,250 | €23,381 | +€12,131 | +108% |
| Suppliers | 440/4 | €11,250 | €23,381 | +€12,131 | +108% |
| Taxes, remuneration and social security | 45 | €94,931 | - | -€94,931 | |
| Taxes | 450/3 | €94,931 | - | -€94,931 | |
| Other amounts payable | 47/48 | €19,272 | €7,192 | -€12,080 | -62.7% |
| Accrued charges and deferred income | 492/3 | €9,948 | €23,082 | +€13,134 | +132% |
| Operating income | 70/76A | - | €291,647 | +€291,647 | |
| Turnover | 70 | - | €403,950 | +€403,950 | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | -€112,455 | -€112,455 | |
| Other operating income | 74 | - | €151 | +€151 | |
| Operating charges | 60/66A | - | €146,631 | +€146,631 | |
| Goods for resale, raw materials and consumables | 60 | - | €128,012 | +€128,012 | |
| Purchases | 600/8 | - | €110,197 | +€110,197 | |
| Change in stocks: decrease (increase) | 609 | - | €17,814 | +€17,814 | |
| Services and other goods | 61 | - | €13,524 | +€13,524 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279 | - | -€279 | |
| Other operating charges | 640/8 | €1,108 | €1,568 | +€460 | +41.5% |
| Non-recurring operating charges | 66A | €30,000 | €3,528 | -€26,472 | -88.2% |
| Gross operating margin | 9900 | -€126,144 | - | +€126,144 | |
| Operating profit (loss) | 9901 | -€157,530 | €145,015 | +€302,546 | |
| Financial income | 75/76B | €677 | €10 | -€667 | -98.5% |
| Recurring financial income | 75 | €677 | €10 | -€667 | -98.5% |
| Other financial income | 752/9 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,264 | €26,074 | +€24,809 | +1,963% |
| Recurring financial charges | 65 | €1,264 | €26,074 | +€24,809 | +1,963% |
| Debt charges | 650 | - | €25,802 | +€25,802 | |
| Other financial charges | 652/9 | - | €272 | +€272 | |
| Profit (loss) for the period before taxes | 9903 | -€158,118 | €118,952 | +€277,070 | |
| Profit (loss) for the period | 9904 | -€158,118 | €118,952 | +€277,070 | |
| Profit (loss) for the period to be appropriated | 9905 | -€158,118 | €118,952 | +€277,070 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.