ALTISECURE: 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.
ALTISECURE
Largest movements
- Receivables within one year -€43,061
down €43,061 (-58.6%), from €73,441 to €30,380
of which Trade receivables: -€41,572
- Tangible fixed assets -€7,918
down €7,918 (-17.8%), from €44,383 to €36,465
of which Plant, machinery and equipment: -€6,510
- Stocks and contracts +€3,026
up €3,026 (+5.2%), from €57,970 to €60,997
- Deferred charges and accrued income +€2,696
up €2,696 (+80.2%), from €3,361 to €6,057
- Trade debts -€28,281
down €28,281 (-64.6%), from €43,765 to €15,483
- Profit (loss) carried forward -€27,493
down €27,493, from €15,875 to -€11,618
- Other debts +€5,040
up €5,040 (+8.8%), from €57,480 to €62,520
- Tax, wage and social debts +€4,541
up €4,541 (+51.6%), from €8,794 to €13,335
of which Remuneration and social security: +€3,093
- Staff costs +€34,897
up €34,897 (+398%), from €8,776 to €43,673
- Turnover +€26,420
up €26,420 (+13.4%), from €196,756 to €223,176
- Purchases and services +€21,061
up €21,061 (+10.8%), from €195,648 to €216,709
- Gross operating margin +€19,068
up €19,068 (+142%), from €13,406 to €32,474
- Write-downs +€3,209
up €3,209, from -€46 to €3,162
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 | €194,118 | €147,925 | -€46,193 | -23.8% |
| Fixed assets | 21/28 | €44,383 | €36,465 | -€7,918 | -17.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €44,383 | €36,465 | -€7,918 | -17.8% |
| Plant, machinery and equipment | 23 | €29,960 | €23,450 | -€6,510 | -21.7% |
| Furniture and vehicles | 24 | €2,994 | €1,407 | -€1,586 | -53.0% |
| Other tangible fixed assets | 26 | €11,430 | €11,608 | +€179 | +1.6% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €149,735 | €111,459 | -€38,275 | -25.6% |
| Stocks and contracts in progress | 3 | €57,970 | €60,997 | +€3,026 | +5.2% |
| Stocks | 30/36 | €57,970 | €60,997 | +€3,026 | +5.2% |
| Amounts receivable within one year | 40/41 | €73,441 | €30,380 | -€43,061 | -58.6% |
| Trade receivables | 40 | €71,931 | €30,360 | -€41,572 | -57.8% |
| Other amounts receivable | 41 | €1,510 | €21 | -€1,489 | -98.6% |
| Cash at bank and in hand | 54/58 | €14,962 | €14,025 | -€938 | -6.3% |
| Deferred charges and accrued income | 490/1 | €3,361 | €6,057 | +€2,696 | +80.2% |
| Total equity and liabilities | 10/49 | €194,118 | €147,925 | -€46,193 | -23.8% |
| Equity | 10/15 | €84,079 | €56,586 | -€27,493 | -32.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,604 | €49,604 | = | 0.0% |
| Distributable reserves | 133 | €49,604 | €49,604 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,875 | -€11,618 | -€27,493 | |
| Amounts payable | 17/49 | €110,039 | €91,338 | -€18,700 | -17.0% |
| Amounts payable within one year | 42/48 | €110,039 | €91,338 | -€18,700 | -17.0% |
| Trade debts | 44 | €43,765 | €15,483 | -€28,281 | -64.6% |
| Suppliers | 440/4 | €43,765 | €15,483 | -€28,281 | -64.6% |
| Taxes, remuneration and social security | 45 | €8,794 | €13,335 | +€4,541 | +51.6% |
| Taxes | 450/3 | €6,432 | €7,881 | +€1,448 | +22.5% |
| Remuneration and social security | 454/9 | €2,362 | €5,455 | +€3,093 | +131% |
| Other amounts payable | 47/48 | €57,480 | €62,520 | +€5,040 | +8.8% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €196,756 | €223,176 | +€26,420 | +13.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €195,648 | €216,709 | +€21,061 | +10.8% |
| Remuneration, social security and pensions | 62 | €8,776 | €43,673 | +€34,897 | +398% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,209 | €11,910 | +€2,701 | +29.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€46 | €3,162 | +€3,209 | |
| Other operating charges | 640/8 | €2,800 | €677 | -€2,123 | -75.8% |
| Gross operating margin | 9900 | €13,406 | €32,474 | +€19,068 | +142% |
| Operating profit (loss) | 9901 | -€7,333 | -€26,948 | -€19,615 | -267% |
| Financial income | 75/76B | €217 | €0 | -€216 | -99.9% |
| Recurring financial income | 75 | €217 | €0 | -€216 | -99.9% |
| Financial charges | 65/66B | €416 | €343 | -€73 | -17.6% |
| Recurring financial charges | 65 | €416 | €343 | -€73 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,533 | -€27,291 | -€19,758 | -262% |
| Income taxes | 67/77 | €72 | €202 | +€129 | +179% |
| Profit (loss) for the period | 9904 | -€7,605 | -€27,493 | -€19,888 | -262% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,605 | -€27,493 | -€19,888 | -262% |
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 25 October 2026 via checked.be.