ALTO: 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.
ALTO
Largest movements
- Receivables within one year +€17,898
up €17,898 (+19.3%), from €92,800 to €110,698
- Cash +€7,996
up €7,996 (+5.2%), from €153,604 to €161,600
mainly Net result for the year (+€57,732) and Depreciation (+€5,638)
- Tangible fixed assets +€4,015
up €4,015 (+6.3%), from €63,798 to €67,813
of which Other tangible fixed assets: +€4,015
- Profit (loss) carried forward +€57,732
up €57,732 (+61.2%), from €94,389 to €152,121
- Tax, wage and social debts -€21,589
down €21,589 (-100.0%), from €21,589 to €0
- Accrued charges and deferred income -€8,607
down €8,607 (-100.0%), from €8,607 to €0
- Taxes -€2,050
down €2,050 (-9.5%), from €21,589 to €19,539
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 | €311,584 | €341,052 | +€29,468 | +9.5% |
| Fixed assets | 21/28 | €63,948 | €67,963 | +€4,015 | +6.3% |
| Tangible fixed assets | 22/27 | €63,798 | €67,813 | +€4,015 | +6.3% |
| Land and buildings | 22 | €17,353 | €17,353 | = | 0.0% |
| Furniture and vehicles | 24 | €39,000 | €39,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €7,446 | €11,461 | +€4,015 | +53.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €247,636 | €273,089 | +€25,453 | +10.3% |
| Amounts receivable within one year | 40/41 | €92,800 | €110,698 | +€17,898 | +19.3% |
| Other amounts receivable | 41 | €92,800 | €110,698 | +€17,898 | +19.3% |
| Cash at bank and in hand | 54/58 | €153,604 | €161,600 | +€7,996 | +5.2% |
| Deferred charges and accrued income | 490/1 | €1,232 | €792 | -€440 | -35.7% |
| Total equity and liabilities | 10/49 | €311,584 | €341,052 | +€29,468 | +9.5% |
| Equity | 10/15 | €280,641 | €338,373 | +€57,732 | +20.6% |
| Contributions | 10/11 | €23,550 | €23,550 | = | 0.0% |
| Reserves | 13 | €162,702 | €162,702 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €160,843 | €160,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,389 | €152,121 | +€57,732 | +61.2% |
| Amounts payable | 17/49 | €30,943 | €2,679 | -€28,264 | -91.3% |
| Amounts payable within one year | 42/48 | €22,336 | €2,679 | -€19,657 | -88.0% |
| Trade debts | 44 | €747 | €2,679 | +€1,932 | +258.5% |
| Suppliers | 440/4 | €747 | €2,679 | +€1,932 | +258.5% |
| Taxes, remuneration and social security | 45 | €21,589 | €0 | -€21,589 | -100.0% |
| Taxes | 450/3 | €21,589 | €0 | -€21,589 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €8,607 | €0 | -€8,607 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,287 | €5,638 | +€351 | +6.6% |
| Other operating charges | 640/8 | €8,611 | €8,323 | -€288 | -3.3% |
| Gross operating margin | 9900 | €91,646 | €91,232 | -€415 | -0.5% |
| Operating profit (loss) | 9901 | €77,748 | €77,271 | -€478 | -0.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €77,749 | €77,271 | -€478 | -0.6% |
| Income taxes | 67/77 | €21,589 | €19,539 | -€2,050 | -9.5% |
| Profit (loss) for the period | 9904 | €56,160 | €57,732 | +€1,572 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,160 | €57,732 | +€1,572 | +2.8% |
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 9 October 2026 via checked.be.