Alto4: 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.
What changed
Alto4
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€337,449
2025 · €84,886+€252,563
Equity
€5.4m
2025 · €5.4m+€16,872
Cash
€848,632
2025 · €782,310+€66,322
Balance sheet total
€14.6m
2025 · €14.5m+€71,319
Largest movements
Assets
- Receivables within one year +€405,858
new in 2026: €405,858
of which Other amounts receivable: +€400,000
- Financial fixed assets -€400,000
down €400,000 (-2.9%), from €13.7m to €13.3m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income +€254,708
up €254,708 (+28.9%), from €881,997 to €1.1m
From the 2025 result to the 2026 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.
Result 2025
€84,886
Other operating charges
-€47
Other operating items
-€1,917
Financial income
+€254,708
Financial charges
-€182
Result 2026
€337,449
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€50,732
Investment
+€400,000
Financing
-€384,409
Cash 2025
€782,310
From operations (derived)
+€50,732
Net result for the year
+€337,449
Receivables within one year
-€405,858
Deferred charges and accrued income
+€862
Trade debts
+€8,511
Other debts
+€118,574
Accrued charges and deferred income
-€8,806
Investment (derived)
+€400,000
Investment in fixed assets (net)
+€400,000
Financing
-€384,409
Current portion of long-term debt
-€63,833
Contributions, distributions and other
-€320,576
Cash 2026
€848,632
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,500,530 | €14,571,849 | +€71,319 | +0.5% |
| Fixed assets | 21/28 | €13,679,852 | €13,279,852 | -€400,000 | -2.9% |
| Financial fixed assets | 28 | €13,679,852 | €13,279,852 | -€400,000 | -2.9% |
| Affiliated companies | 280/1 | €13,679,852 | €13,279,852 | -€400,000 | -2.9% |
| Participating interests | 280 | €9,571,700 | €9,571,700 | = | 0.0% |
| Amounts receivable | 281 | €4,108,152 | €3,708,152 | -€400,000 | -9.7% |
| Current assets | 29/58 | €820,678 | €1,291,996 | +€471,319 | +57.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | - | €405,858 | +€405,858 | |
| Trade receivables | 40 | - | €5,858 | +€5,858 | |
| Other amounts receivable | 41 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €782,310 | €848,632 | +€66,322 | +8.5% |
| Deferred charges and accrued income | 490/1 | €38,368 | €37,506 | -€862 | -2.2% |
| Total equity and liabilities | 10/49 | €14,500,530 | €14,571,849 | +€71,319 | +0.5% |
| Equity | 10/15 | €5,426,040 | €5,442,912 | +€16,872 | +0.3% |
| Contributions | 10/11 | €5,264,462 | €5,264,462 | = | 0.0% |
| Capital | 10 | €5,264,462 | €5,264,462 | = | 0.0% |
| Issued capital | 100 | €5,264,462 | €5,264,462 | = | 0.0% |
| Reserves | 13 | €161,578 | €178,450 | +€16,872 | +10.4% |
| Non-distributable reserves | 130/1 | €161,578 | €178,450 | +€16,872 | +10.4% |
| Legal reserve | 130 | €161,578 | €178,450 | +€16,872 | +10.4% |
| Amounts payable | 17/49 | €9,074,490 | €9,128,936 | +€54,446 | +0.6% |
| Amounts payable after more than one year | 17 | €7,850,000 | €7,850,000 | = | 0.0% |
| Financial debts | 170/4 | €7,850,000 | €7,850,000 | = | 0.0% |
| Other loans | 174 | €7,850,000 | €7,850,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,215,684 | €1,278,936 | +€63,252 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €505,998 | €442,165 | -€63,833 | -12.6% |
| Trade debts | 44 | €120 | €8,631 | +€8,511 | +7092.2% |
| Suppliers | 440/4 | €120 | €8,631 | +€8,511 | +7092.2% |
| Other amounts payable | 47/48 | €709,566 | €828,141 | +€118,574 | +16.7% |
| Accrued charges and deferred income | 492/3 | €8,806 | €0 | -€8,806 | -100.0% |
| Operating charges | 60/66A | €120,354 | €122,318 | +€1,964 | +1.6% |
| Services and other goods | 61 | €118,905 | €120,822 | +€1,917 | +1.6% |
| Other operating charges | 640/8 | €1,448 | €1,496 | +€47 | +3.3% |
| Operating profit (loss) | 9901 | -€120,354 | -€122,318 | -€1,964 | -1.6% |
| Financial income | 75/76B | €881,997 | €1,136,705 | +€254,708 | +28.9% |
| Recurring financial income | 75 | €881,997 | €1,136,705 | +€254,708 | +28.9% |
| Income from financial fixed assets | 750 | €881,997 | €1,136,705 | +€254,708 | +28.9% |
| Financial charges | 65/66B | €676,757 | €676,939 | +€182 | 0.0% |
| Recurring financial charges | 65 | €676,757 | €676,939 | +€182 | 0.0% |
| Debt charges | 650 | €676,517 | €676,517 | = | 0.0% |
| Other financial charges | 652/9 | €240 | €421 | +€182 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €84,886 | €337,449 | +€252,563 | +297.5% |
| Profit (loss) for the period | 9904 | €84,886 | €337,449 | +€252,563 | +297.5% |
| Profit (loss) for the period to be appropriated | 9905 | €84,886 | €337,449 | +€252,563 | +297.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.