Altitude O: 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 O
Largest movements
- Cash +€156,411
up €156,411 (+46.8%), from €334,121 to €490,531
mainly Other debts (+€152,612) and Current investments (+€125,000)
- Current investments -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Receivables within one year +€31,175
up €31,175 (+218.2%), from €14,289 to €45,464
of which Trade receivables: +€31,150
- Tangible fixed assets +€20,223
up €20,223 (+40.7%), from €49,742 to €69,965
of which Furniture and vehicles: +€18,756
- Stocks and contracts +€13,696
up €13,696 (+10.5%), from €130,114 to €143,810
- Other debts +€152,612
up €152,612 (+1150.7%), from €13,263 to €165,875
- Reserves -€94,022
down €94,022 (-25.4%), from €370,116 to €276,094
of which Distributable reserves: -€94,022
- Tax, wage and social debts +€24,587
up €24,587 (+99.6%), from €24,675 to €49,262
of which Taxes: +€24,339
- Trade debts +€11,633
up €11,633 (+52.0%), from €22,384 to €34,018
- Gross operating margin -€35,871
down €35,871 (-19.4%), from €184,630 to €148,759
- Taxes -€10,448
down €10,448 (-24.9%), from €41,974 to €31,526
- Staff costs -€7,821
down €7,821 (-28.1%), from €27,808 to €19,987
- Depreciation +€5,779
up €5,779 (+33.0%), from €17,507 to €23,286
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 | €660,498 | €755,279 | +€94,780 | +14.3% |
| Fixed assets | 21/28 | €49,742 | €69,965 | +€20,223 | +40.7% |
| Tangible fixed assets | 22/27 | €49,742 | €69,965 | +€20,223 | +40.7% |
| Land and buildings | 22 | €29,748 | €25,425 | -€4,323 | -14.5% |
| Plant, machinery and equipment | 23 | €8,869 | €14,659 | +€5,791 | +65.3% |
| Furniture and vehicles | 24 | €11,126 | €29,882 | +€18,756 | +168.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €610,756 | €685,313 | +€74,557 | +12.2% |
| Stocks and contracts in progress | 3 | €130,114 | €143,810 | +€13,696 | +10.5% |
| Stocks | 30/36 | €130,114 | €143,810 | +€13,696 | +10.5% |
| Amounts receivable within one year | 40/41 | €14,289 | €45,464 | +€31,175 | +218.2% |
| Trade receivables | 40 | €14,285 | €45,435 | +€31,150 | +218.1% |
| Other amounts receivable | 41 | €4 | €30 | +€25 | +579.7% |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €334,121 | €490,531 | +€156,411 | +46.8% |
| Deferred charges and accrued income | 490/1 | €7,232 | €5,508 | -€1,725 | -23.8% |
| Total equity and liabilities | 10/49 | €660,498 | €755,279 | +€94,780 | +14.3% |
| Equity | 10/15 | €600,045 | €506,023 | -€94,022 | -15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €370,116 | €276,094 | -€94,022 | -25.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €363,919 | €269,897 | -€94,022 | -25.8% |
| Profit (loss) carried forward | 14 | €211,328 | €211,328 | = | 0.0% |
| Amounts payable | 17/49 | €60,454 | €249,256 | +€188,802 | +312.3% |
| Amounts payable within one year | 42/48 | €60,322 | €249,155 | +€188,832 | +313.0% |
| Trade debts | 44 | €22,384 | €34,018 | +€11,633 | +52.0% |
| Suppliers | 440/4 | €22,384 | €34,018 | +€11,633 | +52.0% |
| Taxes, remuneration and social security | 45 | €24,675 | €49,262 | +€24,587 | +99.6% |
| Taxes | 450/3 | €18,462 | €42,800 | +€24,339 | +131.8% |
| Remuneration and social security | 454/9 | €6,213 | €6,462 | +€249 | +4.0% |
| Other amounts payable | 47/48 | €13,263 | €165,875 | +€152,612 | +1150.7% |
| Accrued charges and deferred income | 492/3 | €131 | €101 | -€30 | -22.9% |
| Remuneration, social security and pensions | 62 | €27,808 | €19,987 | -€7,821 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,507 | €23,286 | +€5,779 | +33.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,373 | €7,735 | +€1,362 | +21.4% |
| Other operating charges | 640/8 | €6,108 | €5,583 | -€525 | -8.6% |
| Gross operating margin | 9900 | €184,630 | €148,759 | -€35,871 | -19.4% |
| Operating profit (loss) | 9901 | €126,834 | €92,168 | -€34,666 | -27.3% |
| Financial income | 75/76B | €2,660 | €4,180 | +€1,520 | +57.2% |
| Recurring financial income | 75 | €2,660 | €4,180 | +€1,520 | +57.2% |
| Financial charges | 65/66B | €1,774 | €3,187 | +€1,413 | +79.6% |
| Recurring financial charges | 65 | €1,774 | €3,187 | +€1,413 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | €127,719 | €93,160 | -€34,559 | -27.1% |
| Income taxes | 67/77 | €41,974 | €31,526 | -€10,448 | -24.9% |
| Profit (loss) for the period | 9904 | €85,745 | €61,634 | -€24,110 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,745 | €61,634 | -€24,110 | -28.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.