ALTNOVA: what changed
ALTNOVA
Largest movements
- Tangible fixed assets -€53,641
down €53,641 (-29.9%), from €179,691 to €126,050
- Receivables within one year +€49,151
up €49,151 (+28.0%), from €175,235 to €224,386
of which Trade receivables: +€45,029
- Cash -€34,991
down €34,991 (-12.0%), from €292,550 to €257,558
mainly Receivables within one year (-€49,151) and Debts after one year (-€41,632)
- Deferred charges and accrued income +€6,735
new in 2025: €6,735
- Debts after one year -€41,632
down €41,632 (-36.9%), from €112,898 to €71,265
- Other debts -€37,305
no longer reported in 2025 (was €37,305)
- Tax, wage and social debts +€35,124
up €35,124 (+93.1%), from €37,732 to €72,856
of which Taxes: +€35,256
- Trade debts +€14,748
up €14,748 (+15.2%), from €97,207 to €111,955
- Current portion of long-term debt -€14,361
down €14,361 (-25.1%), from €57,150 to €42,790
- Staff costs +€57,927
up €57,927 (+18.0%), from €322,177 to €380,104
- Gross operating margin +€32,308
up €32,308 (+7.0%), from €461,776 to €494,084
- Taxes -€8,263
down €8,263 (-43.5%), from €19,010 to €10,748
- Depreciation -€5,942
down €5,942 (-7.1%), from €83,230 to €77,287
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €656,381 | €625,905 | -€30,476 | -4.6% |
| Fixed assets | 21/28 | €188,596 | €137,225 | -€51,371 | -27.2% |
| Tangible fixed assets | 22/27 | €179,691 | €126,050 | -€53,641 | -29.9% |
| Land and buildings | 22 | €14,646 | €10,966 | -€3,680 | -25.1% |
| Plant, machinery and equipment | 23 | €66,380 | €59,167 | -€7,213 | -10.9% |
| Furniture and vehicles | 24 | €29,040 | €6,242 | -€22,798 | -78.5% |
| Leasing and similar rights | 25 | €69,625 | €49,675 | -€19,951 | -28.7% |
| Financial fixed assets | 28 | €8,905 | €11,175 | +€2,270 | +25.5% |
| Current assets | 29/58 | €467,785 | €488,680 | +€20,895 | +4.5% |
| Amounts receivable within one year | 40/41 | €175,235 | €224,386 | +€49,151 | +28.0% |
| Trade receivables | 40 | €162,121 | €207,150 | +€45,029 | +27.8% |
| Other amounts receivable | 41 | €13,114 | €17,237 | +€4,123 | +31.4% |
| Cash at bank and in hand | 54/58 | €292,550 | €257,558 | -€34,991 | -12.0% |
| Deferred charges and accrued income | 490/1 | - | €6,735 | +€6,735 | |
| Total equity and liabilities | 10/49 | €656,381 | €625,905 | -€30,476 | -4.6% |
| Equity | 10/15 | €314,089 | €327,039 | +€12,949 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,462 | €157,411 | +€12,949 | +9.0% |
| Tax-exempt reserves | 132 | €8,920 | €8,920 | = | 0.0% |
| Distributable reserves | 133 | €135,542 | €148,491 | +€12,949 | +9.6% |
| Profit (loss) carried forward | 14 | €151,028 | €151,028 | = | 0.0% |
| Amounts payable | 17/49 | €342,292 | €298,866 | -€43,426 | -12.7% |
| Amounts payable after more than one year | 17 | €112,898 | €71,265 | -€41,632 | -36.9% |
| Financial debts | 170/4 | €112,898 | €71,265 | -€41,632 | -36.9% |
| Amounts payable within one year | 42/48 | €229,394 | €227,601 | -€1,793 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €57,150 | €42,790 | -€14,361 | -25.1% |
| Trade debts | 44 | €97,207 | €111,955 | +€14,748 | +15.2% |
| Suppliers | 440/4 | €97,207 | €111,955 | +€14,748 | +15.2% |
| Taxes, remuneration and social security | 45 | €37,732 | €72,856 | +€35,124 | +93.1% |
| Taxes | 450/3 | €2,456 | €37,712 | +€35,256 | +1,436% |
| Remuneration and social security | 454/9 | €35,276 | €35,144 | -€132 | -0.4% |
| Other amounts payable | 47/48 | €37,305 | - | -€37,305 | |
| Non-recurring operating income | 76A | - | €2,488 | +€2,488 | |
| Remuneration, social security and pensions | 62 | €322,177 | €380,104 | +€57,927 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,230 | €77,287 | -€5,942 | -7.1% |
| Other operating charges | 640/8 | €709 | €5,622 | +€4,913 | +693% |
| Gross operating margin | 9900 | €461,776 | €494,084 | +€32,308 | +7.0% |
| Operating profit (loss) | 9901 | €55,661 | €31,071 | -€24,590 | -44.2% |
| Financial income | 75/76B | €2,456 | €88 | -€2,369 | -96.4% |
| Recurring financial income | 75 | €2,456 | €88 | -€2,369 | -96.4% |
| Financial charges | 65/66B | €8,581 | €7,462 | -€1,120 | -13.0% |
| Recurring financial charges | 65 | €8,581 | €7,462 | -€1,120 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €49,536 | €23,697 | -€25,839 | -52.2% |
| Income taxes | 67/77 | €19,010 | €10,748 | -€8,263 | -43.5% |
| Profit (loss) for the period | 9904 | €30,526 | €12,949 | -€17,576 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,526 | €12,949 | -€17,576 | -57.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.