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 -€30,498
down €30,498 (-87.2%), from €34,983 to €4,486
mainly Debts after one year (-€45,519)
- Tangible fixed assets -€11,379
down €11,379 (-14.8%), from €76,887 to €65,509
of which Land and buildings: -€11,050
- Debts after one year -€45,519
down €45,519 (-29.0%), from €157,161 to €111,641
- Profit (loss) carried forward +€3,023
up €3,023 (+5.7%), from -€53,057 to -€50,034
- Depreciation +€261
up €261 (+2.3%), from €11,118 to €11,379
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 | €111,871 | €69,994 | -€41,877 | -37.4% |
| Fixed assets | 21/28 | €76,887 | €65,509 | -€11,379 | -14.8% |
| Tangible fixed assets | 22/27 | €76,887 | €65,509 | -€11,379 | -14.8% |
| Land and buildings | 22 | €73,667 | €62,617 | -€11,050 | -15.0% |
| Plant, machinery and equipment | 23 | €3,221 | €2,892 | -€329 | -10.2% |
| Current assets | 29/58 | €34,983 | €4,486 | -€30,498 | -87.2% |
| Cash at bank and in hand | 54/58 | €34,983 | €4,486 | -€30,498 | -87.2% |
| Total equity and liabilities | 10/49 | €111,871 | €69,994 | -€41,877 | -37.4% |
| Equity | 10/15 | -€46,223 | -€43,199 | +€3,023 | +6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €635 | €635 | = | 0.0% |
| Distributable reserves | 133 | €635 | €635 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,057 | -€50,034 | +€3,023 | +5.7% |
| Amounts payable | 17/49 | €158,093 | €113,193 | -€44,900 | -28.4% |
| Amounts payable after more than one year | 17 | €157,161 | €111,641 | -€45,519 | -29.0% |
| Other amounts payable | 178/9 | €157,161 | €111,641 | -€45,519 | -29.0% |
| Amounts payable within one year | 42/48 | €103 | €106 | +€3 | +3.0% |
| Trade debts | 44 | €103 | €106 | +€3 | +3.0% |
| Suppliers | 440/4 | €103 | €106 | +€3 | +3.0% |
| Accrued charges and deferred income | 492/3 | €830 | €1,446 | +€616 | +74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,118 | €11,379 | +€261 | +2.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €15,329 | €15,344 | +€15 | +0.1% |
| Operating profit (loss) | 9901 | €3,705 | €3,445 | -€260 | -7.0% |
| Financial charges | 65/66B | €300 | €422 | +€122 | +40.5% |
| Recurring financial charges | 65 | €300 | €422 | +€122 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €3,405 | €3,023 | -€381 | -11.2% |
| Profit (loss) for the period | 9904 | €3,405 | €3,023 | -€381 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,405 | €3,023 | -€381 | -11.2% |
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 10 October 2026 via checked.be.