ALTITUDE 100: 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.
ALTITUDE 100
Largest movements
- Cash +€10,494
up €10,494 (+35.9%), from €29,249 to €39,743
mainly Net result for the year (+€16,682) and Deferred charges and accrued income (+€5,440)
- Deferred charges and accrued income -€5,440
no longer reported in 2025 (was €5,440)
- Receivables within one year +€5,372
up €5,372 (+59.7%), from €8,997 to €14,369
of which Trade receivables: +€11,894
- Tangible fixed assets +€1,635
up €1,635 (+408%), from €400 to €2,035
- Profit (loss) carried forward +€16,682
up €16,682 (+167%), from €10,005 to €26,687
- Other debts -€4,887
down €4,887 (-22.2%), from €21,977 to €17,090
- Gross operating margin +€9,405
up €9,405 (+62.5%), from €15,045 to €24,450
- Taxes +€1,807
up €1,807 (+66.6%), from €2,715 to €4,522
- Staff costs +€1,270
up €1,270 (+259%), from €490 to €1,760
- Depreciation +€847
up €847 (+416%), from €204 to €1,050
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 | €44,086 | €56,147 | +€12,061 | +27.4% |
| Fixed assets | 21/28 | €400 | €2,035 | +€1,635 | +408% |
| Tangible fixed assets | 22/27 | €400 | €2,035 | +€1,635 | +408% |
| Furniture and vehicles | 24 | €400 | €2,035 | +€1,635 | +408% |
| Current assets | 29/58 | €43,686 | €54,112 | +€10,426 | +23.9% |
| Amounts receivable within one year | 40/41 | €8,997 | €14,369 | +€5,372 | +59.7% |
| Trade receivables | 40 | €1,997 | €13,891 | +€11,894 | +596% |
| Other amounts receivable | 41 | €7,000 | €478 | -€6,522 | -93.2% |
| Cash at bank and in hand | 54/58 | €29,249 | €39,743 | +€10,494 | +35.9% |
| Deferred charges and accrued income | 490/1 | €5,440 | - | -€5,440 | |
| Total equity and liabilities | 10/49 | €44,086 | €56,147 | +€12,061 | +27.4% |
| Equity | 10/15 | €13,005 | €29,687 | +€16,682 | +128% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,005 | €26,687 | +€16,682 | +167% |
| Amounts payable | 17/49 | €31,081 | €26,460 | -€4,621 | -14.9% |
| Amounts payable within one year | 42/48 | €31,081 | €26,460 | -€4,621 | -14.9% |
| Trade debts | 44 | €333 | €433 | +€100 | +30.0% |
| Suppliers | 440/4 | €333 | €433 | +€100 | +30.0% |
| Taxes, remuneration and social security | 45 | €8,771 | €8,936 | +€166 | +1.9% |
| Taxes | 450/3 | €8,771 | €8,456 | -€314 | -3.6% |
| Remuneration and social security | 454/9 | - | €480 | +€480 | |
| Other amounts payable | 47/48 | €21,977 | €17,090 | -€4,887 | -22.2% |
| Remuneration, social security and pensions | 62 | €490 | €1,760 | +€1,270 | +259% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204 | €1,050 | +€847 | +416% |
| Other operating charges | 640/8 | €549 | €400 | -€149 | -27.2% |
| Gross operating margin | 9900 | €15,045 | €24,450 | +€9,405 | +62.5% |
| Operating profit (loss) | 9901 | €13,803 | €21,240 | +€7,437 | +53.9% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €36 | +€36 | |
| Financial charges | 65/66B | €74 | €71 | -€2 | -2.9% |
| Recurring financial charges | 65 | €74 | €71 | -€2 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €13,729 | €21,204 | +€7,475 | +54.4% |
| Income taxes | 67/77 | €2,715 | €4,522 | +€1,807 | +66.6% |
| Profit (loss) for the period | 9904 | €11,014 | €16,682 | +€5,668 | +51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,014 | €16,682 | +€5,668 | +51.5% |
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 27 October 2026 via checked.be.