ALTITUDE: 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.
ALTITUDE
Largest movements
- Receivables within one year -€21,348
down €21,348 (-41.3%), from €51,675 to €30,327
of which Trade receivables: -€23,491
- Cash +€9,249
up €9,249 (+82.5%), from €11,210 to €20,460
mainly Receivables within one year (+€21,348) and Net result for the year (+€17,221)
- Tangible fixed assets -€1,735
down €1,735 (-18.2%), from €9,520 to €7,785
of which Plant, machinery and equipment: -€1,435
- Trade debts -€22,949
down €22,949 (-55.6%), from €41,265 to €18,316
- Profit (loss) carried forward +€17,221
up €17,221, from -€14,805 to €2,417
- Other debts -€4,313
down €4,313 (-43.6%), from €9,890 to €5,577
- Tax, wage and social debts -€3,100
down €3,100 (-12.1%), from €25,561 to €22,461
of which Taxes: -€2,870
- Gross operating margin +€98,183
up €98,183 (+250.4%), from €39,214 to €137,397
- Turnover +€89,392
up €89,392 (+43.5%), from €205,702 to €295,094
- Staff costs +€26,791
up €26,791 (+31.7%), from €84,632 to €111,423
- Purchases and services -€5,072
down €5,072 (-2.8%), from €183,020 to €177,948
- Depreciation -€4,991
down €4,991 (-61.9%), from €8,062 to €3,071
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.
Cash bridge derived
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 | €73,105 | €59,823 | -€13,282 | -18.2% |
| Fixed assets | 21/28 | €10,220 | €8,485 | -€1,735 | -17.0% |
| Tangible fixed assets | 22/27 | €9,520 | €7,785 | -€1,735 | -18.2% |
| Plant, machinery and equipment | 23 | €8,665 | €7,229 | -€1,435 | -16.6% |
| Furniture and vehicles | 24 | €855 | €556 | -€299 | -35.0% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €62,886 | €51,339 | -€11,547 | -18.4% |
| Amounts receivable within one year | 40/41 | €51,675 | €30,327 | -€21,348 | -41.3% |
| Trade receivables | 40 | €49,675 | €26,185 | -€23,491 | -47.3% |
| Other amounts receivable | 41 | €2,000 | €4,143 | +€2,143 | +107.1% |
| Cash at bank and in hand | 54/58 | €11,210 | €20,460 | +€9,249 | +82.5% |
| Deferred charges and accrued income | 490/1 | €0 | €552 | +€552 | |
| Total equity and liabilities | 10/49 | €73,105 | €59,823 | -€13,282 | -18.2% |
| Equity | 10/15 | -€3,805 | €13,417 | +€17,221 | |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,805 | €2,417 | +€17,221 | |
| Amounts payable | 17/49 | €76,910 | €46,407 | -€30,503 | -39.7% |
| Amounts payable within one year | 42/48 | €76,716 | €46,354 | -€30,362 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €41,265 | €18,316 | -€22,949 | -55.6% |
| Suppliers | 440/4 | €41,265 | €18,316 | -€22,949 | -55.6% |
| Taxes, remuneration and social security | 45 | €25,561 | €22,461 | -€3,100 | -12.1% |
| Taxes | 450/3 | €2,870 | €0 | -€2,870 | -100.0% |
| Remuneration and social security | 454/9 | €22,691 | €22,461 | -€231 | -1.0% |
| Other amounts payable | 47/48 | €9,890 | €5,577 | -€4,313 | -43.6% |
| Accrued charges and deferred income | 492/3 | €194 | €53 | -€142 | -72.9% |
| Turnover | 70 | €205,702 | €295,094 | +€89,392 | +43.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €183,020 | €177,948 | -€5,072 | -2.8% |
| Remuneration, social security and pensions | 62 | €84,632 | €111,423 | +€26,791 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,062 | €3,071 | -€4,991 | -61.9% |
| Other operating charges | 640/8 | €1,727 | €4,426 | +€2,700 | +156.4% |
| Gross operating margin | 9900 | €39,214 | €137,397 | +€98,183 | +250.4% |
| Operating profit (loss) | 9901 | -€55,207 | €18,477 | +€73,684 | |
| Financial income | 75/76B | €0 | €35 | +€35 | +49871.4% |
| Recurring financial income | 75 | €0 | €35 | +€35 | +49871.4% |
| Financial charges | 65/66B | €524 | €1,290 | +€767 | +146.4% |
| Recurring financial charges | 65 | €524 | €1,290 | +€767 | +146.4% |
| Profit (loss) for the period before taxes | 9903 | -€55,731 | €17,221 | +€72,952 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€55,731 | €17,221 | +€72,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,731 | €17,221 | +€72,952 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.