ALTIS: 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.
ALTIS
Largest movements
- Cash +€38,375
up €38,375 (+25.5%), from €150,306 to €188,682
mainly Net result for the year (+€70,120) and Depreciation (+€942)
- Reserves +€64,920
up €64,920 (+32.0%), from €202,977 to €267,898
- Other debts -€15,546
down €15,546 (-11.6%), from €134,110 to €118,564
- Gross operating margin -€2,135
down €2,135 (-2.1%), from €100,745 to €98,610
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 | €1,128,576 | €1,166,494 | +€37,918 | +3.4% |
| Fixed assets | 21/28 | €976,478 | €975,536 | -€942 | -0.1% |
| Tangible fixed assets | 22/27 | €3,827 | €2,885 | -€942 | -24.6% |
| Plant, machinery and equipment | 23 | €3,827 | €2,885 | -€942 | -24.6% |
| Financial fixed assets | 28 | €972,651 | €972,651 | = | 0.0% |
| Current assets | 29/58 | €152,098 | €190,958 | +€38,860 | +25.5% |
| Amounts receivable within one year | 40/41 | €0 | €406 | +€406 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €406 | +€406 | |
| Cash at bank and in hand | 54/58 | €150,306 | €188,682 | +€38,375 | +25.5% |
| Deferred charges and accrued income | 490/1 | €1,792 | €1,871 | +€79 | +4.4% |
| Total equity and liabilities | 10/49 | €1,128,576 | €1,166,494 | +€37,918 | +3.4% |
| Equity | 10/15 | €959,275 | €1,024,195 | +€64,920 | +6.8% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €202,977 | €267,898 | +€64,920 | +32.0% |
| Distributable reserves | 133 | €202,977 | €267,898 | +€64,920 | +32.0% |
| Profit (loss) carried forward | 14 | €718,798 | €718,798 | = | 0.0% |
| Amounts payable | 17/49 | €169,301 | €142,299 | -€27,002 | -15.9% |
| Amounts payable within one year | 42/48 | €163,547 | €139,331 | -€24,216 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €5,071 | €5,889 | +€818 | +16.1% |
| Trade debts | 44 | €139 | €0 | -€139 | -100% |
| Suppliers | 440/4 | €139 | €0 | -€139 | -100% |
| Taxes, remuneration and social security | 45 | €24,227 | €14,878 | -€9,348 | -38.6% |
| Taxes | 450/3 | €21,901 | €12,541 | -€9,359 | -42.7% |
| Remuneration and social security | 454/9 | €2,326 | €2,337 | +€11 | +0.5% |
| Other amounts payable | 47/48 | €134,110 | €118,564 | -€15,546 | -11.6% |
| Accrued charges and deferred income | 492/3 | €5,754 | €2,968 | -€2,787 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €876 | €942 | +€66 | +7.5% |
| Other operating charges | 640/8 | €147 | €150 | +€3 | +1.8% |
| Gross operating margin | 9900 | €100,745 | €98,610 | -€2,135 | -2.1% |
| Operating profit (loss) | 9901 | €99,721 | €97,518 | -€2,204 | -2.2% |
| Financial income | 75/76B | €485 | €810 | +€325 | +67.1% |
| Recurring financial income | 75 | €485 | €810 | +€325 | +67.1% |
| Financial charges | 65/66B | €3,872 | €3,483 | -€389 | -10.0% |
| Recurring financial charges | 65 | €3,872 | €3,483 | -€389 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €96,334 | €94,844 | -€1,490 | -1.5% |
| Income taxes | 67/77 | €25,524 | €24,724 | -€800 | -3.1% |
| Profit (loss) for the period | 9904 | €70,810 | €70,120 | -€690 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,810 | €70,120 | -€690 | -1.0% |
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 26 October 2026 via checked.be.