ALTOALTO: 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.
ALTOALTO
Largest movements
- Cash -€66,589
down €66,589 (-78.2%), from €85,134 to €18,546
mainly Net result for the year (-€38,310) and Accrued charges and deferred income (-€22,324)
- Intangible fixed assets +€11,646
new in 2025: €11,646
- Tangible fixed assets -€9,369
down €9,369 (-23.9%), from €39,120 to €29,751
of which Furniture and vehicles: -€8,159
- Profit (loss) carried forward -€38,310
down €38,310 (-1,329%), from -€2,882 to -€41,192
- Accrued charges and deferred income -€22,324
down €22,324 (-56.1%), from €39,824 to €17,500
- Debts after one year -€5,723
down €5,723 (-100%), from €5,723 to €0
- Current portion of long-term debt -€3,813
down €3,813 (-17.3%), from €21,980 to €18,167
- Short-term financial debts +€2,089
up €2,089 (+18.9%), from €11,048 to €13,137
- Gross operating margin -€25,909
down €25,909 (-17.2%), from €150,546 to €124,638
- Depreciation +€4,944
up €4,944 (+78.5%), from €6,299 to €11,243
- Staff costs +€4,124
up €4,124 (+2.9%), from €143,434 to €147,558
- Taxes -€1,525
down €1,525 (-75.4%), from €2,022 to €497
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.
Derived cash bridge
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 | €192,058 | €127,878 | -€64,181 | -33.4% |
| Fixed assets | 21/28 | €39,236 | €41,513 | +€2,277 | +5.8% |
| Intangible fixed assets | 21 | - | €11,646 | +€11,646 | |
| Tangible fixed assets | 22/27 | €39,120 | €29,751 | -€9,369 | -23.9% |
| Land and buildings | 22 | €8,811 | €7,602 | -€1,210 | -13.7% |
| Furniture and vehicles | 24 | €29,559 | €21,400 | -€8,159 | -27.6% |
| Other tangible fixed assets | 26 | €750 | €750 | = | 0.0% |
| Financial fixed assets | 28 | €116 | €116 | = | 0.0% |
| Current assets | 29/58 | €152,823 | €86,365 | -€66,458 | -43.5% |
| Amounts receivable within one year | 40/41 | €65,855 | €65,693 | -€162 | -0.2% |
| Trade receivables | 40 | €57,717 | €56,056 | -€1,661 | -2.9% |
| Other amounts receivable | 41 | €8,138 | €9,637 | +€1,499 | +18.4% |
| Cash at bank and in hand | 54/58 | €85,134 | €18,546 | -€66,589 | -78.2% |
| Deferred charges and accrued income | 490/1 | €1,834 | €2,126 | +€293 | +16.0% |
| Total equity and liabilities | 10/49 | €192,058 | €127,878 | -€64,181 | -33.4% |
| Equity | 10/15 | €67,292 | €28,982 | -€38,310 | -56.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €57,774 | €57,774 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €57,774 | €57,774 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,882 | -€41,192 | -€38,310 | -1,329% |
| Amounts payable | 17/49 | €124,767 | €98,896 | -€25,871 | -20.7% |
| Amounts payable after more than one year | 17 | €5,723 | €0 | -€5,723 | -100% |
| Financial debts | 170/4 | €5,723 | €0 | -€5,723 | -100% |
| Amounts payable within one year | 42/48 | €79,220 | €81,396 | +€2,176 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €21,980 | €18,167 | -€3,813 | -17.3% |
| Financial debts | 43 | €11,048 | €13,137 | +€2,089 | +18.9% |
| Credit institutions | 430/8 | €11,048 | €13,137 | +€2,089 | +18.9% |
| Trade debts | 44 | €9,242 | €9,970 | +€728 | +7.9% |
| Suppliers | 440/4 | €9,242 | €9,970 | +€728 | +7.9% |
| Taxes, remuneration and social security | 45 | €33,394 | €35,357 | +€1,963 | +5.9% |
| Taxes | 450/3 | €12,349 | €13,442 | +€1,093 | +8.8% |
| Remuneration and social security | 454/9 | €21,045 | €21,915 | +€870 | +4.1% |
| Other amounts payable | 47/48 | €3,556 | €4,766 | +€1,209 | +34.0% |
| Accrued charges and deferred income | 492/3 | €39,824 | €17,500 | -€22,324 | -56.1% |
| Remuneration, social security and pensions | 62 | €143,434 | €147,558 | +€4,124 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,299 | €11,243 | +€4,944 | +78.5% |
| Other operating charges | 640/8 | €2,146 | €1,756 | -€389 | -18.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €150,546 | €124,638 | -€25,909 | -17.2% |
| Operating profit (loss) | 9901 | -€1,333 | -€35,920 | -€34,587 | -2,595% |
| Financial income | 75/76B | €1,345 | €1,019 | -€326 | -24.2% |
| Recurring financial income | 75 | €1,345 | €1,019 | -€326 | -24.2% |
| Financial charges | 65/66B | €2,773 | €2,912 | +€139 | +5.0% |
| Recurring financial charges | 65 | €2,773 | €2,912 | +€139 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,761 | -€37,813 | -€35,052 | -1,270% |
| Income taxes | 67/77 | €2,022 | €497 | -€1,525 | -75.4% |
| Profit (loss) for the period | 9904 | -€4,782 | -€38,310 | -€33,528 | -701% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,782 | -€38,310 | -€33,528 | -701% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.