ALTITUDE 447: 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 447
Largest movements
- Receivables within one year -€183
down €183 (-46.9%), from €391 to €207
- Cash +€79
up €79 (+302%), from €26 to €105
mainly Other debts (+€1,761) and Trade debts (+€549)
- Profit (loss) carried forward -€2,414
down €2,414 (-31.0%), from -€7,796 to -€10,210
- Other debts +€1,761
up €1,761 (+41.8%), from €4,213 to €5,974
- Trade debts +€549
new in 2025: €549
- Gross operating margin -€84
down €84 (-3.8%), from -€2,231 to -€2,315
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 | €417 | €313 | -€104 | -25.0% |
| Current assets | 29/58 | €417 | €313 | -€104 | -25.0% |
| Amounts receivable within one year | 40/41 | €391 | €207 | -€183 | -46.9% |
| Other amounts receivable | 41 | €391 | €207 | -€183 | -46.9% |
| Cash at bank and in hand | 54/58 | €26 | €105 | +€79 | +302% |
| Total equity and liabilities | 10/49 | €417 | €313 | -€104 | -25.0% |
| Equity | 10/15 | -€3,796 | -€6,210 | -€2,414 | -63.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,796 | -€10,210 | -€2,414 | -31.0% |
| Amounts payable | 17/49 | €4,213 | €6,523 | +€2,310 | +54.8% |
| Amounts payable within one year | 42/48 | €4,213 | €6,523 | +€2,310 | +54.8% |
| Trade debts | 44 | - | €549 | +€549 | |
| Suppliers | 440/4 | - | €549 | +€549 | |
| Other amounts payable | 47/48 | €4,213 | €5,974 | +€1,761 | +41.8% |
| Gross operating margin | 9900 | -€2,231 | -€2,315 | -€84 | -3.8% |
| Operating profit (loss) | 9901 | -€2,231 | -€2,315 | -€84 | -3.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €103 | €99 | -€4 | -3.5% |
| Recurring financial charges | 65 | €103 | €99 | -€4 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,333 | -€2,414 | -€81 | -3.5% |
| Profit (loss) for the period | 9904 | -€2,333 | -€2,414 | -€81 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,333 | -€2,414 | -€81 | -3.5% |
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 25 October 2026 via checked.be.