ALTIS PAPER: 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 PAPER
Largest movements
- Cash -€7,367
down €7,367 (-80.1%), from €9,195 to €1,827
mainly Other debts (-€11,062) and Net result for the year (-€1,900)
- Deferred charges and accrued income -€3,501
down €3,501 (-80.9%), from €4,327 to €826
- Receivables within one year -€2,009
down €2,009 (-67.6%), from €2,974 to €965
of which Trade receivables: -€2,872
- Tangible fixed assets -€229
down €229 (-100%), from €229 to €0
- Other debts -€11,062
down €11,062 (-39.0%), from €28,341 to €17,278
- Profit (loss) carried forward -€1,900
down €1,900 (-5.8%), from -€33,032 to -€34,932
- Tax, wage and social debts -€279
down €279 (-36.8%), from €757 to €478
- Gross operating margin -€3,843
down €3,843, from €3,605 to -€239
- Taxes -€675
down €675 (-74.8%), from €902 to €228
- Depreciation -€79
down €79 (-25.7%), from €309 to €229
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 | €16,729 | €3,622 | -€13,106 | -78.3% |
| Fixed assets | 21/28 | €234 | €4 | -€229 | -98.1% |
| Tangible fixed assets | 22/27 | €229 | €0 | -€229 | -100% |
| Furniture and vehicles | 24 | €229 | €0 | -€229 | -100% |
| Financial fixed assets | 28 | €4 | €4 | = | 0.0% |
| Current assets | 29/58 | €16,495 | €3,618 | -€12,877 | -78.1% |
| Amounts receivable within one year | 40/41 | €2,974 | €965 | -€2,009 | -67.6% |
| Trade receivables | 40 | €2,872 | €0 | -€2,872 | -100% |
| Other amounts receivable | 41 | €102 | €965 | +€863 | +846% |
| Cash at bank and in hand | 54/58 | €9,195 | €1,827 | -€7,367 | -80.1% |
| Deferred charges and accrued income | 490/1 | €4,327 | €826 | -€3,501 | -80.9% |
| Total equity and liabilities | 10/49 | €16,729 | €3,622 | -€13,106 | -78.3% |
| Equity | 10/15 | -€12,581 | -€14,481 | -€1,900 | -15.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,032 | -€34,932 | -€1,900 | -5.8% |
| Amounts payable | 17/49 | €29,310 | €18,103 | -€11,206 | -38.2% |
| Amounts payable within one year | 42/48 | €29,310 | €18,103 | -€11,206 | -38.2% |
| Trade debts | 44 | €212 | €347 | +€135 | +63.4% |
| Suppliers | 440/4 | €212 | €347 | +€135 | +63.4% |
| Taxes, remuneration and social security | 45 | €757 | €478 | -€279 | -36.8% |
| Taxes | 450/3 | €757 | €478 | -€279 | -36.8% |
| Other amounts payable | 47/48 | €28,341 | €17,278 | -€11,062 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309 | €229 | -€79 | -25.7% |
| Other operating charges | 640/8 | €843 | €870 | +€27 | +3.2% |
| Gross operating margin | 9900 | €3,605 | -€239 | -€3,843 | |
| Operating profit (loss) | 9901 | €2,453 | -€1,338 | -€3,791 | |
| Financial charges | 65/66B | €312 | €334 | +€22 | +7.1% |
| Recurring financial charges | 65 | €312 | €334 | +€22 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €2,141 | -€1,672 | -€3,813 | |
| Income taxes | 67/77 | €902 | €228 | -€675 | -74.8% |
| Profit (loss) for the period | 9904 | €1,239 | -€1,900 | -€3,139 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,239 | -€1,900 | -€3,139 |
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 15 October 2026 via checked.be.