ALTMAN: 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.
ALTMAN
Largest movements
- Receivables within one year +€2,201
up €2,201 (+206%), from €1,070 to €3,271
of which Other amounts receivable: +€2,107
- Reserves +€2,132
up €2,132 (+12.3%), from €17,351 to €19,483
- Gross operating margin -€8,518
down €8,518 (-71.7%), from €11,883 to €3,365
- Taxes -€2,074
down €2,074 (-63.9%), from €3,245 to €1,171
- Financial income -€479
down €479 (-50.1%), from €958 to €478
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 | €84,533 | €87,170 | +€2,637 | +3.1% |
| Current assets | 29/58 | €84,533 | €87,170 | +€2,637 | +3.1% |
| Amounts receivable within one year | 40/41 | €1,070 | €3,271 | +€2,201 | +206% |
| Trade receivables | 40 | €705 | €799 | +€93 | +13.2% |
| Other amounts receivable | 41 | €365 | €2,472 | +€2,107 | +577% |
| Cash at bank and in hand | 54/58 | €82,762 | €83,088 | +€326 | +0.4% |
| Deferred charges and accrued income | 490/1 | €701 | €811 | +€110 | +15.7% |
| Total equity and liabilities | 10/49 | €84,533 | €87,170 | +€2,637 | +3.1% |
| Equity | 10/15 | €83,465 | €85,597 | +€2,132 | +2.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €17,351 | €19,483 | +€2,132 | +12.3% |
| Distributable reserves | 133 | €17,351 | €19,483 | +€2,132 | +12.3% |
| Profit (loss) carried forward | 14 | €45,653 | €45,653 | = | 0.0% |
| Amounts payable | 17/49 | €1,068 | €1,573 | +€505 | +47.3% |
| Amounts payable within one year | 42/48 | €788 | €468 | -€320 | -40.7% |
| Trade debts | 44 | €381 | €200 | -€181 | -47.6% |
| Suppliers | 440/4 | €381 | €200 | -€181 | -47.6% |
| Taxes, remuneration and social security | 45 | €361 | €90 | -€271 | -75.1% |
| Taxes | 450/3 | €361 | €90 | -€271 | -75.1% |
| Other amounts payable | 47/48 | €45 | €177 | +€132 | +293% |
| Accrued charges and deferred income | 492/3 | €280 | €1,106 | +€825 | +294% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €11,883 | €3,365 | -€8,518 | -71.7% |
| Operating profit (loss) | 9901 | €11,495 | €2,965 | -€8,530 | -74.2% |
| Financial income | 75/76B | €958 | €478 | -€479 | -50.1% |
| Recurring financial income | 75 | €958 | €478 | -€479 | -50.1% |
| Financial charges | 65/66B | €171 | €140 | -€31 | -18.2% |
| Recurring financial charges | 65 | €171 | €140 | -€31 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €12,282 | €3,303 | -€8,979 | -73.1% |
| Income taxes | 67/77 | €3,245 | €1,171 | -€2,074 | -63.9% |
| Profit (loss) for the period | 9904 | €9,036 | €2,132 | -€6,904 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,036 | €2,132 | -€6,904 | -76.4% |
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 14 October 2026 via checked.be.