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 -€2,083
down €2,083 (-28.9%), from €7,197 to €5,114
- Cash -€512
down €512 (-4.9%), from €10,493 to €9,981
mainly Debts within one year (-€1,288) and Net result for the year (-€817)
- Tangible fixed assets +€490
up €490 (+177.5%), from €276 to €766
- Debts within one year -€1,288
down €1,288 (-25.5%), from €5,043 to €3,755
of which Tax, wage and social debts: -€2,145
- Profit (loss) carried forward -€817
down €817 (-6.3%), from €12,949 to €12,132
- Gross operating margin -€4,980
down €4,980, from €4,375 to -€605
- Depreciation -€58
down €58 (-28.1%), from €206 to €148
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,992 | €15,886 | -€2,105 | -11.7% |
| Fixed assets | 21/28 | €301 | €791 | +€490 | +162.8% |
| Tangible fixed assets | 22/27 | €276 | €766 | +€490 | +177.5% |
| Furniture and vehicles | 24 | €276 | €766 | +€490 | +177.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €17,691 | €15,095 | -€2,596 | -14.7% |
| Amounts receivable within one year | 40/41 | €7,197 | €5,114 | -€2,083 | -28.9% |
| Trade receivables | 40 | €7,197 | €5,114 | -€2,083 | -28.9% |
| Cash at bank and in hand | 54/58 | €10,493 | €9,981 | -€512 | -4.9% |
| Total equity and liabilities | 10/49 | €17,992 | €15,886 | -€2,105 | -11.7% |
| Equity | 10/15 | €12,949 | €12,132 | -€817 | -6.3% |
| Profit (loss) carried forward | 14 | €12,949 | €12,132 | -€817 | -6.3% |
| Amounts payable | 17/49 | €5,043 | €3,755 | -€1,288 | -25.5% |
| Amounts payable within one year | 42/48 | €5,043 | €3,755 | -€1,288 | -25.5% |
| Trade debts | 44 | €1,289 | €247 | -€1,042 | -80.8% |
| Suppliers | 440/4 | €1,289 | €247 | -€1,042 | -80.8% |
| Taxes, remuneration and social security | 45 | €2,145 | - | -€2,145 | |
| Remuneration and social security | 454/9 | €2,145 | - | -€2,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206 | €148 | -€58 | -28.1% |
| Gross operating margin | 9900 | €4,375 | -€605 | -€4,980 | |
| Operating profit (loss) | 9901 | €4,169 | -€753 | -€4,923 | |
| Financial charges | 65/66B | €68 | €64 | -€4 | -5.9% |
| Recurring financial charges | 65 | €68 | €64 | -€4 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €4,101 | -€817 | -€4,919 | |
| Profit (loss) for the period | 9904 | €4,101 | -€817 | -€4,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,101 | -€817 | -€4,919 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.