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
- Cash -€24,730
down €24,730 (-49.6%), from €49,897 to €25,166
mainly Trade debts (-€16,480) and Net result for the year (-€7,248)
- Intangible fixed assets -€6,000
down €6,000 (-40.1%), from €14,975 to €8,975
- Tangible fixed assets -€2,919
down €2,919 (-27.0%), from €10,818 to €7,900
- Receivables within one year +€1,015
up €1,015 (+189.8%), from €535 to €1,549
- Trade debts -€16,480
down €16,480 (-86.1%), from €19,151 to €2,671
- Profit (loss) carried forward -€7,248
down €7,248 (-27.2%), from €26,659 to €19,411
- Tax, wage and social debts -€5,898
down €5,898 (-45.4%), from €12,982 to €7,084
- Other debts -€3,009
down €3,009 (-20.1%), from €14,933 to €11,924
- Gross operating margin -€12,655
down €12,655 (-84.7%), from €14,942 to €2,288
- Taxes -€1,586
down €1,586 (-96.4%), from €1,645 to €59
- Depreciation +€1,018
up €1,018 (+12.9%), from €7,901 to €8,919
- Staff costs +€611
new in 2025: €611
- Financial charges -€567
down €567 (-87.5%), from €648 to €81
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 | €78,725 | €46,090 | -€32,635 | -41.5% |
| Fixed assets | 21/28 | €25,794 | €16,875 | -€8,919 | -34.6% |
| Intangible fixed assets | 21 | €14,975 | €8,975 | -€6,000 | -40.1% |
| Tangible fixed assets | 22/27 | €10,818 | €7,900 | -€2,919 | -27.0% |
| Plant, machinery and equipment | 23 | €10,818 | €7,900 | -€2,919 | -27.0% |
| Current assets | 29/58 | €52,931 | €29,215 | -€23,716 | -44.8% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €535 | €1,549 | +€1,015 | +189.8% |
| Other amounts receivable | 41 | €535 | €1,549 | +€1,015 | +189.8% |
| Cash at bank and in hand | 54/58 | €49,897 | €25,166 | -€24,730 | -49.6% |
| Total equity and liabilities | 10/49 | €78,725 | €46,090 | -€32,635 | -41.5% |
| Equity | 10/15 | €31,659 | €24,411 | -€7,248 | -22.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,659 | €19,411 | -€7,248 | -27.2% |
| Amounts payable | 17/49 | €47,066 | €21,680 | -€25,386 | -53.9% |
| Amounts payable within one year | 42/48 | €47,066 | €21,680 | -€25,386 | -53.9% |
| Trade debts | 44 | €19,151 | €2,671 | -€16,480 | -86.1% |
| Suppliers | 440/4 | €19,151 | €2,671 | -€16,480 | -86.1% |
| Taxes, remuneration and social security | 45 | €12,982 | €7,084 | -€5,898 | -45.4% |
| Taxes | 450/3 | €12,982 | €7,084 | -€5,898 | -45.4% |
| Other amounts payable | 47/48 | €14,933 | €11,924 | -€3,009 | -20.1% |
| Remuneration, social security and pensions | 62 | - | €611 | +€611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,901 | €8,919 | +€1,018 | +12.9% |
| Other operating charges | 640/8 | €305 | €63 | -€242 | -79.2% |
| Gross operating margin | 9900 | €14,942 | €2,288 | -€12,655 | -84.7% |
| Operating profit (loss) | 9901 | €6,736 | -€7,306 | -€14,042 | |
| Financial income | 75/76B | €119 | €198 | +€80 | +67.1% |
| Recurring financial income | 75 | €119 | €198 | +€80 | +67.1% |
| Financial charges | 65/66B | €648 | €81 | -€567 | -87.5% |
| Recurring financial charges | 65 | €648 | €81 | -€567 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | €6,207 | -€7,189 | -€13,396 | |
| Income taxes | 67/77 | €1,645 | €59 | -€1,586 | -96.4% |
| Profit (loss) for the period | 9904 | €4,562 | -€7,248 | -€11,810 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,562 | -€7,248 | -€11,810 |
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 6 October 2026 via checked.be.