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
- Cash +€72,849
up €72,849 (+19142.2%), from €381 to €73,230
mainly Depreciation (+€29,740) and Net result for the year (+€25,878)
- Tangible fixed assets -€24,713
down €24,713 (-8.0%), from €309,761 to €285,048
of which Other tangible fixed assets: -€16,500
- Receivables after one year -€13,264
down €13,264 (-61.8%), from €21,470 to €8,206
- Receivables within one year -€7,777
down €7,777 (-30.0%), from €25,939 to €18,162
of which Trade receivables: -€7,776
- Other debts -€29,153
no longer reported in 2025 (was €29,153)
- Reserves +€25,878
up €25,878 (+65.0%), from €39,840 to €65,718
- Trade debts +€20,985
up €20,985 (+405.9%), from €5,171 to €26,156
- Tax, wage and social debts +€10,298
up €10,298 (+64.1%), from €16,057 to €26,355
of which Taxes: +€14,298
- Debts after one year +€4,359
up €4,359 (+2.6%), from €166,282 to €170,641
- Gross operating margin +€18,053
up €18,053 (+27.3%), from €66,115 to €84,168
- Other operating charges +€6,292
up €6,292 (+268.8%), from €2,341 to €8,633
- Taxes +€5,571
up €5,571 (+65.5%), from €8,504 to €14,075
- Depreciation -€1,249
down €1,249 (-4.0%), from €30,988 to €29,740
- Financial charges -€1,167
down €1,167 (-16.6%), from €7,014 to €5,847
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 | €357,795 | €386,531 | +€28,736 | +8.0% |
| Fixed assets | 21/28 | €309,761 | €285,048 | -€24,713 | -8.0% |
| Tangible fixed assets | 22/27 | €309,761 | €285,048 | -€24,713 | -8.0% |
| Land and buildings | 22 | €277,736 | €270,952 | -€6,784 | -2.4% |
| Furniture and vehicles | 24 | €3,525 | €2,096 | -€1,429 | -40.5% |
| Other tangible fixed assets | 26 | €28,500 | €12,000 | -€16,500 | -57.9% |
| Current assets | 29/58 | €48,034 | €101,483 | +€53,450 | +111.3% |
| Amounts receivable after more than one year | 29 | €21,470 | €8,206 | -€13,264 | -61.8% |
| Trade receivables | 290 | €21,470 | €8,206 | -€13,264 | -61.8% |
| Amounts receivable within one year | 40/41 | €25,939 | €18,162 | -€7,777 | -30.0% |
| Trade receivables | 40 | €25,910 | €18,134 | -€7,776 | -30.0% |
| Other amounts receivable | 41 | €29 | €27 | -€1 | -4.9% |
| Cash at bank and in hand | 54/58 | €381 | €73,230 | +€72,849 | +19142.2% |
| Deferred charges and accrued income | 490/1 | €244 | €1,886 | +€1,642 | +672.0% |
| Total equity and liabilities | 10/49 | €357,795 | €386,531 | +€28,736 | +8.0% |
| Equity | 10/15 | €107,671 | €133,549 | +€25,878 | +24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,840 | €65,718 | +€25,878 | +65.0% |
| Distributable reserves | 133 | €39,840 | €65,718 | +€25,878 | +65.0% |
| Profit (loss) carried forward | 14 | €61,631 | €61,631 | = | 0.0% |
| Amounts payable | 17/49 | €250,124 | €252,982 | +€2,858 | +1.1% |
| Amounts payable after more than one year | 17 | €166,282 | €170,641 | +€4,359 | +2.6% |
| Financial debts | 170/4 | €166,282 | €170,641 | +€4,359 | +2.6% |
| Amounts payable within one year | 42/48 | €83,842 | €81,311 | -€2,531 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €31,483 | €28,800 | -€2,683 | -8.5% |
| Financial debts | 43 | €1,979 | - | -€1,979 | |
| Credit institutions | 430/8 | €1,979 | - | -€1,979 | |
| Trade debts | 44 | €5,171 | €26,156 | +€20,985 | +405.9% |
| Suppliers | 440/4 | €5,171 | €26,156 | +€20,985 | +405.9% |
| Taxes, remuneration and social security | 45 | €16,057 | €26,355 | +€10,298 | +64.1% |
| Taxes | 450/3 | €12,057 | €26,355 | +€14,298 | +118.6% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €29,153 | - | -€29,153 | |
| Accrued charges and deferred income | 492/3 | - | €1,030 | +€1,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,988 | €29,740 | -€1,249 | -4.0% |
| Other operating charges | 640/8 | €2,341 | €8,633 | +€6,292 | +268.8% |
| Gross operating margin | 9900 | €66,115 | €84,168 | +€18,053 | +27.3% |
| Operating profit (loss) | 9901 | €32,786 | €45,795 | +€13,009 | +39.7% |
| Financial income | 75/76B | €329 | €5 | -€325 | -98.6% |
| Recurring financial income | 75 | €329 | €5 | -€325 | -98.6% |
| Financial charges | 65/66B | €7,014 | €5,847 | -€1,167 | -16.6% |
| Recurring financial charges | 65 | €7,014 | €5,847 | -€1,167 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €26,101 | €39,953 | +€13,852 | +53.1% |
| Income taxes | 67/77 | €8,504 | €14,075 | +€5,571 | +65.5% |
| Profit (loss) for the period | 9904 | €17,597 | €25,878 | +€8,281 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,597 | €25,878 | +€8,281 | +47.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.