ALTITUDE PLUS: 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 PLUS
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables after one year +€66,231
up €66,231 (+573%), from €11,560 to €77,791
- Receivables within one year +€53,624
up €53,624 (+372%), from €14,408 to €68,031
of which Trade receivables: +€53,301
- Financial fixed assets +€31,578
up €31,578 (+31,578%), from €100 to €31,678
- Cash -€27,870
down €27,870 (-79.0%), from €35,268 to €7,399
mainly Receivables after one year (-€66,231) and Receivables within one year (-€53,624)
- Trade debts +€37,909
up €37,909 (+486%), from €7,807 to €45,716
- Profit (loss) carried forward -€23,846
down €23,846, from €1,068 to -€22,778
- Other debts +€7,488
new in 2025: €7,488
- Tax, wage and social debts +€3,358
up €3,358 (+17.8%), from €18,908 to €22,265
of which Taxes: +€2,711
- Staff costs +€1,231
up €1,231 (+2.9%), from €41,832 to €43,063
- Financial income -€566
down €566 (-42.7%), from €1,326 to €760
- Depreciation +€478
up €478 (+4.4%), from €10,947 to €11,425
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 | €200,883 | €223,896 | +€23,013 | +11.5% |
| Fixed assets | 21/28 | €36,946 | €67,951 | +€31,005 | +83.9% |
| Tangible fixed assets | 22/27 | €36,846 | €36,273 | -€573 | -1.6% |
| Land and buildings | 22 | €25,917 | €20,450 | -€5,467 | -21.1% |
| Furniture and vehicles | 24 | €10,928 | €15,823 | +€4,895 | +44.8% |
| Financial fixed assets | 28 | €100 | €31,678 | +€31,578 | +31,578% |
| Current assets | 29/58 | €163,937 | €155,946 | -€7,992 | -4.9% |
| Amounts receivable after more than one year | 29 | €11,560 | €77,791 | +€66,231 | +573% |
| Other amounts receivable | 291 | €11,560 | €77,791 | +€66,231 | +573% |
| Amounts receivable within one year | 40/41 | €14,408 | €68,031 | +€53,624 | +372% |
| Trade receivables | 40 | €14,302 | €67,603 | +€53,301 | +373% |
| Other amounts receivable | 41 | €106 | €429 | +€323 | +305% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €35,268 | €7,399 | -€27,870 | -79.0% |
| Deferred charges and accrued income | 490/1 | €2,702 | €2,725 | +€23 | +0.9% |
| Total equity and liabilities | 10/49 | €200,883 | €223,896 | +€23,013 | +11.5% |
| Equity | 10/15 | €171,902 | €148,056 | -€23,846 | -13.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €108,861 | €108,861 | = | 0.0% |
| 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 | €102,663 | €102,663 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,068 | -€22,778 | -€23,846 | |
| Amounts payable | 17/49 | €28,981 | €75,840 | +€46,859 | +162% |
| Amounts payable within one year | 42/48 | €26,715 | €75,470 | +€48,755 | +183% |
| Trade debts | 44 | €7,807 | €45,716 | +€37,909 | +486% |
| Suppliers | 440/4 | €7,807 | €45,716 | +€37,909 | +486% |
| Taxes, remuneration and social security | 45 | €18,908 | €22,265 | +€3,358 | +17.8% |
| Taxes | 450/3 | €664 | €3,375 | +€2,711 | +408% |
| Remuneration and social security | 454/9 | €18,244 | €18,890 | +€646 | +3.5% |
| Other amounts payable | 47/48 | - | €7,488 | +€7,488 | |
| Accrued charges and deferred income | 492/3 | €2,266 | €370 | -€1,896 | -83.7% |
| Non-recurring operating income | 76A | - | €5,410 | +€5,410 | |
| Remuneration, social security and pensions | 62 | €41,832 | €43,063 | +€1,231 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,947 | €11,425 | +€478 | +4.4% |
| Other operating charges | 640/8 | €625 | €344 | -€281 | -44.9% |
| Gross operating margin | 9900 | €30,521 | €30,825 | +€305 | +1.0% |
| Operating profit (loss) | 9901 | -€22,884 | -€24,007 | -€1,123 | -4.9% |
| Financial income | 75/76B | €1,326 | €760 | -€566 | -42.7% |
| Recurring financial income | 75 | €1,326 | €760 | -€566 | -42.7% |
| Financial charges | 65/66B | €357 | €240 | -€117 | -32.9% |
| Recurring financial charges | 65 | €357 | €240 | -€117 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,914 | -€23,486 | -€1,572 | -7.2% |
| Income taxes | 67/77 | €313 | €360 | +€47 | +15.0% |
| Profit (loss) for the period | 9904 | -€22,227 | -€23,846 | -€1,618 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,227 | -€23,846 | -€1,618 | -7.3% |
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 17 October 2026 via checked.be.