ALTO: 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.
ALTO
Largest movements
- Cash -€85,231
down €85,231 (-99.3%), from €85,799 to €568
mainly Trade debts (-€288,212) and Short-term financial debts (-€83,228)
- Tangible fixed assets -€71,751
down €71,751 (-12.9%), from €557,362 to €485,611
of which Leasing and similar rights: -€45,809
- Receivables within one year -€48,515
down €48,515 (-11.8%), from €409,926 to €361,411
of which Other amounts receivable: -€44,742
- Trade debts -€288,212
down €288,212 (-33.8%), from €853,298 to €565,086
- Profit (loss) carried forward +€172,881
up €172,881 (+7.6%), from -€2.3m to -€2.1m
- Short-term financial debts -€83,228
down €83,228 (-26.9%), from €308,846 to €225,618
- Accrued charges and deferred income -€47,328
down €47,328 (-13.8%), from €342,312 to €294,983
- Debts after one year +€36,485
up €36,485 (+3.0%), from €1.2m to €1.3m
of which Other amounts payable: +€92,963
- Turnover -€1.2m
down €1.2m (-76.7%), from €1.6m to €376,739
- Purchases and services -€1.1m
down €1.1m (-84.9%), from €1.3m to €202,005
- Staff costs -€204,694
no longer reported in 2024 (was €204,694)
- Gross operating margin -€105,601
down €105,601 (-37.7%), from €280,335 to €174,733
- Depreciation -€56,023
no longer reported in 2024 (was €56,023)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,074,561 | €863,873 | -€210,688 | -19.6% |
| Fixed assets | 21/28 | €570,663 | €498,912 | -€71,751 | -12.6% |
| Tangible fixed assets | 22/27 | €557,362 | €485,611 | -€71,751 | -12.9% |
| Plant, machinery and equipment | 23 | €26,222 | €1,372 | -€24,850 | -94.8% |
| Furniture and vehicles | 24 | €1,174 | €82 | -€1,092 | -93.0% |
| Leasing and similar rights | 25 | €529,966 | €484,157 | -€45,809 | -8.6% |
| Financial fixed assets | 28 | €13,300 | €13,300 | = | 0.0% |
| Current assets | 29/58 | €503,898 | €364,961 | -€138,937 | -27.6% |
| Amounts receivable within one year | 40/41 | €409,926 | €361,411 | -€48,515 | -11.8% |
| Trade receivables | 40 | €313,816 | €310,043 | -€3,773 | -1.2% |
| Other amounts receivable | 41 | €96,110 | €51,368 | -€44,742 | -46.6% |
| Cash at bank and in hand | 54/58 | €85,799 | €568 | -€85,231 | -99.3% |
| Deferred charges and accrued income | 490/1 | €8,173 | €2,982 | -€5,191 | -63.5% |
| Total equity and liabilities | 10/49 | €1,074,561 | €863,873 | -€210,688 | -19.6% |
| Equity | 10/15 | -€1,847,243 | -€1,674,362 | +€172,881 | +9.4% |
| Contributions | 10/11 | €377,867 | €377,867 | = | 0.0% |
| Capital | 10 | €377,867 | €377,867 | = | 0.0% |
| Issued capital | 100 | €377,867 | €377,867 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,265,111 | -€2,092,230 | +€172,881 | +7.6% |
| Amounts payable | 17/49 | €2,921,804 | €2,538,235 | -€383,569 | -13.1% |
| Amounts payable after more than one year | 17 | €1,222,888 | €1,259,373 | +€36,485 | +3.0% |
| Financial debts | 170/4 | €411,834 | €355,356 | -€56,478 | -13.7% |
| Other amounts payable | 178/9 | €811,054 | €904,017 | +€92,963 | +11.5% |
| Amounts payable within one year | 42/48 | €1,356,604 | €983,879 | -€372,725 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €55,006 | €56,478 | +€1,472 | +2.7% |
| Financial debts | 43 | €308,846 | €225,618 | -€83,228 | -26.9% |
| Credit institutions | 430/8 | €308,846 | €225,618 | -€83,228 | -26.9% |
| Trade debts | 44 | €853,298 | €565,086 | -€288,212 | -33.8% |
| Suppliers | 440/4 | €853,298 | €565,086 | -€288,212 | -33.8% |
| Taxes, remuneration and social security | 45 | €35,151 | - | -€35,151 | |
| Taxes | 450/3 | €9,837 | - | -€9,837 | |
| Remuneration and social security | 454/9 | €25,315 | - | -€25,315 | |
| Other amounts payable | 47/48 | €104,304 | €136,698 | +€32,394 | +31.1% |
| Accrued charges and deferred income | 492/3 | €342,312 | €294,983 | -€47,328 | -13.8% |
| Turnover | 70 | €1,616,547 | €376,739 | -€1.2m | -76.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,336,212 | €202,005 | -€1.1m | -84.9% |
| Remuneration, social security and pensions | 62 | €204,694 | - | -€204,694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,023 | - | -€56,023 | |
| Other operating charges | 640/8 | €1,932 | - | -€1,932 | |
| Non-recurring operating charges | 66A | €1,560,595 | - | -€1.6m | |
| Gross operating margin | 9900 | €280,335 | €174,733 | -€105,601 | -37.7% |
| Operating profit (loss) | 9901 | -€1,542,908 | €174,733 | +€1.7m | |
| Financial income | 75/76B | €39,705 | €39,705 | = | 0.0% |
| Recurring financial income | 75 | €39,705 | €39,705 | = | 0.0% |
| Non-recurring financial income | 76B | €39,705 | €39,705 | = | 0.0% |
| Financial charges | 65/66B | €30,991 | €41,330 | +€10,340 | +33.4% |
| Recurring financial charges | 65 | €30,991 | €41,330 | +€10,340 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,534,193 | €173,108 | +€1.7m | |
| Income taxes | 67/77 | - | €227 | +€227 | |
| Profit (loss) for the period | 9904 | -€1,534,193 | €172,881 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,534,193 | €172,881 | +€1.7m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.