Altix: what changed
Two fiscal 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.
Altix
Largest movements
- Cash -€287,085
down €287,085 (-72.2%), from €397,366 to €110,281
mainly Current investments (-€250,000) and Debts after one year (-€99,801)
- Current investments +€250,000
new in 2025: €250,000
- Tangible fixed assets -€73,634
down €73,634 (-5.7%), from €1.3m to €1.2m
of which Land and buildings: -€51,432
- Receivables within one year +€31,922
up €31,922 (+13.9%), from €230,234 to €262,156
of which Trade receivables: +€37,408
- Stocks and contracts -€24,896
down €24,896 (-17.1%), from €145,851 to €120,955
- Debts after one year -€99,801
down €99,801 (-10.1%), from €986,165 to €886,364
- Profit (loss) carried forward +€54,724
up €54,724 (+18.0%), from €303,478 to €358,202
- Other debts -€39,106
down €39,106 (-94.7%), from €41,315 to €2,209
- Advances received -€25,179
down €25,179 (-7.3%), from €343,931 to €318,752
- Staff costs +€40,348
up €40,348 (+21.5%), from €187,755 to €228,102
- Other operating charges -€30,490
down €30,490 (-59.3%), from €51,458 to €20,968
- Gross operating margin -€18,769
down €18,769 (-4.4%), from €428,937 to €410,168
- Taxes -€10,272
down €10,272 (-42.8%), from €24,002 to €13,730
- Financial charges +€10,007
up €10,007 (+14.4%), from €69,512 to €79,519
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 | €2,061,497 | €1,965,573 | -€95,924 | -4.7% |
| Fixed assets | 21/28 | €1,285,610 | €1,211,976 | -€73,634 | -5.7% |
| Tangible fixed assets | 22/27 | €1,285,610 | €1,211,976 | -€73,634 | -5.7% |
| Land and buildings | 22 | €1,196,642 | €1,145,210 | -€51,432 | -4.3% |
| Plant, machinery and equipment | 23 | €10,910 | €13,239 | +€2,329 | +21.3% |
| Furniture and vehicles | 24 | €20,131 | €14,592 | -€5,538 | -27.5% |
| Other tangible fixed assets | 26 | €57,927 | €38,934 | -€18,992 | -32.8% |
| Current assets | 29/58 | €775,887 | €753,597 | -€22,290 | -2.9% |
| Amounts receivable after more than one year | 29 | - | €3,546 | +€3,546 | |
| Other amounts receivable | 291 | - | €3,546 | +€3,546 | |
| Stocks and contracts in progress | 3 | €145,851 | €120,955 | -€24,896 | -17.1% |
| Stocks | 30/36 | €145,851 | €120,955 | -€24,896 | -17.1% |
| Amounts receivable within one year | 40/41 | €230,234 | €262,156 | +€31,922 | +13.9% |
| Trade receivables | 40 | €215,271 | €252,679 | +€37,408 | +17.4% |
| Other amounts receivable | 41 | €14,962 | €9,477 | -€5,486 | -36.7% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €397,366 | €110,281 | -€287,085 | -72.2% |
| Deferred charges and accrued income | 490/1 | €2,437 | €6,660 | +€4,223 | +173.3% |
| Total equity and liabilities | 10/49 | €2,061,497 | €1,965,573 | -€95,924 | -4.7% |
| Equity | 10/15 | €491,781 | €543,230 | +€51,450 | +10.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,478 | €358,202 | +€54,724 | +18.0% |
| Investment grants | 15 | €8,303 | €5,028 | -€3,275 | -39.4% |
| Amounts payable | 17/49 | €1,569,716 | €1,422,343 | -€147,373 | -9.4% |
| Amounts payable after more than one year | 17 | €986,165 | €886,364 | -€99,801 | -10.1% |
| Financial debts | 170/4 | €986,165 | €886,364 | -€99,801 | -10.1% |
| Amounts payable within one year | 42/48 | €583,552 | €535,979 | -€47,573 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €96,830 | €99,801 | +€2,971 | +3.1% |
| Trade debts | 44 | €75,817 | €78,101 | +€2,284 | +3.0% |
| Suppliers | 440/4 | €75,817 | €78,101 | +€2,284 | +3.0% |
| Advances received on contracts in progress | 46 | €343,931 | €318,752 | -€25,179 | -7.3% |
| Taxes, remuneration and social security | 45 | €25,658 | €37,116 | +€11,457 | +44.7% |
| Taxes | 450/3 | €4,061 | €9,533 | +€5,472 | +134.7% |
| Remuneration and social security | 454/9 | €21,597 | €27,583 | +€5,986 | +27.7% |
| Other amounts payable | 47/48 | €41,315 | €2,209 | -€39,106 | -94.7% |
| Non-recurring operating income | 76A | €2,262 | - | -€2,262 | |
| Remuneration, social security and pensions | 62 | €187,755 | €228,102 | +€40,348 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,164 | €79,189 | +€1,025 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,207 | - | -€2,207 | |
| Other operating charges | 640/8 | €51,458 | €20,968 | -€30,490 | -59.3% |
| Gross operating margin | 9900 | €428,937 | €410,168 | -€18,769 | -4.4% |
| Operating profit (loss) | 9901 | €109,354 | €81,909 | -€27,445 | -25.1% |
| Financial income | 75/76B | €63,186 | €66,064 | +€2,879 | +4.6% |
| Recurring financial income | 75 | €63,186 | €66,064 | +€2,879 | +4.6% |
| Financial charges | 65/66B | €69,512 | €79,519 | +€10,007 | +14.4% |
| Recurring financial charges | 65 | €69,512 | €79,519 | +€10,007 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €103,027 | €68,454 | -€34,573 | -33.6% |
| Income taxes | 67/77 | €24,002 | €13,730 | -€10,272 | -42.8% |
| Profit (loss) for the period | 9904 | €79,025 | €54,724 | -€24,301 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,025 | €54,724 | -€24,301 | -30.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.