ALTITUDE 110: 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 110
Largest movements
- Tangible fixed assets -€19,446
down €19,446 (-4.0%), from €481,121 to €461,675
of which Land and buildings: -€11,575
- Profit (loss) carried forward -€13,503
down €13,503 (-2.3%), from €595,645 to €582,141
- Depreciation -€39,110
down €39,110 (-66.8%), from €58,557 to €19,446
- Taxes +€14,408
new in 2025: €14,408
- Gross operating margin -€14,160
down €14,160 (-49.6%), from €28,559 to €14,399
- Financial income -€1,111
down €1,111 (-42.7%), from €2,601 to €1,489
of which Financial income: -€1,111
- Financial charges -€331
down €331 (-72.7%), from €455 to €124
of which Non-recurring financial charges: -€272
From the 30-06-2025 result to the 31-12-2025 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 30-06-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 30-06-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,048,275 | €1,019,086 | -€29,189 | -2.8% |
| Fixed assets | 21/28 | €481,121 | €461,675 | -€19,446 | -4.0% |
| Tangible fixed assets | 22/27 | €481,121 | €461,675 | -€19,446 | -4.0% |
| Land and buildings | 22 | €431,294 | €419,719 | -€11,575 | -2.7% |
| Furniture and vehicles | 24 | €49,247 | €41,492 | -€7,755 | -15.7% |
| Other tangible fixed assets | 26 | €580 | €464 | -€116 | -20.0% |
| Current assets | 29/58 | €567,154 | €557,411 | -€9,743 | -1.7% |
| Amounts receivable within one year | 40/41 | €1,460 | €973 | -€486 | -33.3% |
| Other amounts receivable | 41 | €1,460 | €973 | -€486 | -33.3% |
| Cash at bank and in hand | 54/58 | €565,695 | €556,438 | -€9,257 | -1.6% |
| Total equity and liabilities | 10/49 | €1,048,275 | €1,019,086 | -€29,189 | -2.8% |
| Equity | 10/15 | €926,125 | €905,493 | -€20,632 | -2.2% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €302,980 | €295,851 | -€7,129 | -2.4% |
| Tax-exempt reserves | 132 | €218,752 | €211,623 | -€7,129 | -3.3% |
| Distributable reserves | 133 | €84,228 | €84,228 | = | 0.0% |
| Profit (loss) carried forward | 14 | €595,645 | €582,141 | -€13,503 | -2.3% |
| Provisions and deferred taxes | 16 | €112,640 | €108,969 | -€3,671 | -3.3% |
| Deferred taxes | 168 | €112,640 | €108,969 | -€3,671 | -3.3% |
| Amounts payable | 17/49 | €9,510 | €4,624 | -€4,887 | -51.4% |
| Amounts payable within one year | 42/48 | €9,510 | €4,624 | -€4,887 | -51.4% |
| Other amounts payable | 47/48 | €9,510 | €4,624 | -€4,887 | -51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,557 | €19,446 | -€39,110 | -66.8% |
| Other operating charges | 640/8 | €6,082 | €6,214 | +€132 | +2.2% |
| Gross operating margin | 9900 | €28,559 | €14,399 | -€14,160 | -49.6% |
| Operating profit (loss) | 9901 | -€36,079 | -€11,261 | +€24,819 | +68.8% |
| Financial income | 75/76B | €2,601 | €1,489 | -€1,111 | -42.7% |
| Recurring financial income | 75 | €2,600 | €1,489 | -€1,111 | -42.7% |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €455 | €124 | -€331 | -72.7% |
| Recurring financial charges | 65 | €133 | €74 | -€59 | -44.4% |
| Non-recurring financial charges | 66B | €322 | €50 | -€272 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,934 | -€9,895 | +€24,038 | +70.8% |
| Transfer from deferred taxes | 780 | €11,461 | €3,671 | -€7,790 | -68.0% |
| Income taxes | 67/77 | - | €14,408 | +€14,408 | |
| Profit (loss) for the period | 9904 | -€22,473 | -€20,632 | +€1,841 | +8.2% |
| Transfer from tax-exempt reserves | 789 | €22,258 | €7,129 | -€15,129 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€215 | -€13,503 | -€13,288 | -6,172% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.