ALTIUS: 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.
ALTIUS
Largest movements
- Cash +€471,692
up €471,692 (+578%), from €81,630 to €553,322
mainly Other debts (+€420,780) and Depreciation (+€125,981)
- Tangible fixed assets -€125,981
down €125,981 (-3.0%), from €4.1m to €4.0m
- Receivables within one year -€97,198
down €97,198 (-93.9%), from €103,526 to €6,327
of which Other amounts receivable: -€100,056
- Other debts +€420,780
up €420,780 (+62.2%), from €676,000 to €1.1m
- Profit (loss) carried forward -€135,718
down €135,718 (-6.0%), from -€2.3m to -€2.4m
- Short-term financial debts -€50,000
down €50,000 (-8.3%), from €600,000 to €550,000
- Gross operating margin -€63,541
down €63,541 (-39.1%), from €162,512 to €98,971
- Purchases and services +€19,799
up €19,799 (+53.9%), from €36,726 to €56,525
- Taxes +€19,082
up €19,082 (+1,665%), from €1,146 to €20,228
- Turnover +€4,462
up €4,462 (+3.0%), from €151,034 to €155,496
- Financial charges -€3,550
down €3,550 (-4.6%), from €76,455 to €72,904
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 | €4,342,285 | €4,597,571 | +€255,285 | +5.9% |
| Fixed assets | 21/28 | €4,149,660 | €4,023,679 | -€125,981 | -3.0% |
| Tangible fixed assets | 22/27 | €4,149,660 | €4,023,679 | -€125,981 | -3.0% |
| Land and buildings | 22 | €4,149,660 | €4,023,679 | -€125,981 | -3.0% |
| Current assets | 29/58 | €192,626 | €573,891 | +€381,266 | +198% |
| Amounts receivable within one year | 40/41 | €103,526 | €6,327 | -€97,198 | -93.9% |
| Trade receivables | 40 | - | €2,858 | +€2,858 | |
| Other amounts receivable | 41 | €103,526 | €3,469 | -€100,056 | -96.6% |
| Cash at bank and in hand | 54/58 | €81,630 | €553,322 | +€471,692 | +578% |
| Deferred charges and accrued income | 490/1 | €7,470 | €14,242 | +€6,772 | +90.7% |
| Total equity and liabilities | 10/49 | €4,342,285 | €4,597,571 | +€255,285 | +5.9% |
| Equity | 10/15 | €30,890 | -€104,829 | -€135,718 | |
| Contributions | 10/11 | €2,306,208 | €2,306,208 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,277,177 | -€2,412,896 | -€135,718 | -6.0% |
| Amounts payable | 17/49 | €4,311,396 | €4,702,400 | +€391,004 | +9.1% |
| Amounts payable after more than one year | 17 | €2,990,000 | €3,019,900 | +€29,900 | +1.0% |
| Financial debts | 170/4 | €2,990,000 | €3,019,900 | +€29,900 | +1.0% |
| Amounts payable within one year | 42/48 | €1,280,438 | €1,649,940 | +€369,502 | +28.9% |
| Financial debts | 43 | €600,000 | €550,000 | -€50,000 | -8.3% |
| Credit institutions | 430/8 | €600,000 | €550,000 | -€50,000 | -8.3% |
| Trade debts | 44 | €3,177 | €3,159 | -€17 | -0.5% |
| Suppliers | 440/4 | €3,177 | €3,159 | -€17 | -0.5% |
| Taxes, remuneration and social security | 45 | €1,261 | - | -€1,261 | |
| Taxes | 450/3 | €1,261 | - | -€1,261 | |
| Other amounts payable | 47/48 | €676,000 | €1,096,780 | +€420,780 | +62.2% |
| Accrued charges and deferred income | 492/3 | €40,958 | €32,560 | -€8,398 | -20.5% |
| Turnover | 70 | €151,034 | €155,496 | +€4,462 | +3.0% |
| Non-recurring operating income | 76A | €45,154 | - | -€45,154 | |
| Goods, raw materials, services and sundry goods | 60/61 | €36,726 | €56,525 | +€19,799 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,981 | €125,981 | +€0 | 0.0% |
| Other operating charges | 640/8 | €18,029 | €18,476 | +€446 | +2.5% |
| Gross operating margin | 9900 | €162,512 | €98,971 | -€63,541 | -39.1% |
| Operating profit (loss) | 9901 | €18,502 | -€45,485 | -€63,987 | |
| Financial income | 75/76B | €4,018 | €2,899 | -€1,119 | -27.9% |
| Recurring financial income | 75 | €4,018 | €2,899 | -€1,119 | -27.9% |
| Financial charges | 65/66B | €76,455 | €72,904 | -€3,550 | -4.6% |
| Recurring financial charges | 65 | €76,455 | €72,904 | -€3,550 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,934 | -€115,490 | -€61,556 | -114% |
| Income taxes | 67/77 | €1,146 | €20,228 | +€19,082 | +1,665% |
| Profit (loss) for the period | 9904 | -€55,080 | -€135,718 | -€80,639 | -146% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,080 | -€135,718 | -€80,639 | -146% |
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 16 October 2026 via checked.be.