AltoNova: 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.
AltoNova
Largest movements
- Receivables within one year +€120,525
up €120,525 (+3,167%), from €3,806 to €124,330
of which Trade receivables: +€83,398
- Stocks and contracts +€84,957
up €84,957 (+318%), from €26,728 to €111,685
- Cash +€72,494
up €72,494 (+89.9%), from €80,607 to €153,101
mainly Net result for the year (+€126,745) and Trade debts (+€96,741)
- Tangible fixed assets +€63,485
up €63,485 (+162%), from €39,124 to €102,608
of which Other tangible fixed assets: +€70,818
- Financial fixed assets +€11,850
up €11,850 (+370%), from €3,200 to €15,050
- Profit (loss) carried forward +€126,745
up €126,745 (+261%), from €48,623 to €175,368
- Trade debts +€96,741
up €96,741 (+394%), from €24,533 to €121,274
- Tax, wage and social debts +€85,321
up €85,321 (+190%), from €44,949 to €130,270
of which Taxes: +€61,497
- Debts after one year +€38,311
up €38,311 (+143%), from €26,825 to €65,135
- Current portion of long-term debt +€16,514
up €16,514 (+177%), from €9,352 to €25,866
- Gross operating margin +€283,912
up €283,912 (+251%), from €112,972 to €396,883
- Purchases and services -€186,392
no longer reported in 2025 (was €186,392)
- Staff costs +€170,408
up €170,408 (+552%), from €30,893 to €201,301
- Taxes +€26,243
up €26,243 (+191%), from €13,757 to €40,000
- Depreciation +€10,125
up €10,125 (+225%), from €4,490 to €14,615
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 | €156,282 | €519,912 | +€363,630 | +233% |
| Fixed assets | 21/28 | €42,324 | €125,498 | +€83,174 | +197% |
| Intangible fixed assets | 21 | - | €7,840 | +€7,840 | |
| Tangible fixed assets | 22/27 | €39,124 | €102,608 | +€63,485 | +162% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €2,571 | +€2,571 | |
| Furniture and vehicles | 24 | €39,124 | €29,219 | -€9,905 | -25.3% |
| Other tangible fixed assets | 26 | - | €70,818 | +€70,818 | |
| Financial fixed assets | 28 | €3,200 | €15,050 | +€11,850 | +370% |
| Current assets | 29/58 | €113,958 | €394,414 | +€280,456 | +246% |
| Stocks and contracts in progress | 3 | €26,728 | €111,685 | +€84,957 | +318% |
| Stocks | 30/36 | €26,728 | €111,685 | +€84,957 | +318% |
| Amounts receivable within one year | 40/41 | €3,806 | €124,330 | +€120,525 | +3,167% |
| Trade receivables | 40 | - | €83,398 | +€83,398 | |
| Other amounts receivable | 41 | €3,806 | €40,932 | +€37,126 | +976% |
| Cash at bank and in hand | 54/58 | €80,607 | €153,101 | +€72,494 | +89.9% |
| Deferred charges and accrued income | 490/1 | €2,818 | €5,298 | +€2,481 | +88.0% |
| Total equity and liabilities | 10/49 | €156,282 | €519,912 | +€363,630 | +233% |
| Equity | 10/15 | €50,623 | €177,368 | +€126,745 | +250% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,623 | €175,368 | +€126,745 | +261% |
| Amounts payable | 17/49 | €105,659 | €342,545 | +€236,886 | +224% |
| Amounts payable after more than one year | 17 | €26,825 | €65,135 | +€38,311 | +143% |
| Financial debts | 170/4 | €26,825 | €65,135 | +€38,311 | +143% |
| Amounts payable within one year | 42/48 | €78,834 | €277,409 | +€198,575 | +252% |
| Current portion of amounts payable after more than one year | 42 | €9,352 | €25,866 | +€16,514 | +177% |
| Trade debts | 44 | €24,533 | €121,274 | +€96,741 | +394% |
| Suppliers | 440/4 | €24,533 | €121,274 | +€96,741 | +394% |
| Taxes, remuneration and social security | 45 | €44,949 | €130,270 | +€85,321 | +190% |
| Taxes | 450/3 | €36,775 | €98,272 | +€61,497 | +167% |
| Remuneration and social security | 454/9 | €8,173 | €31,997 | +€23,824 | +291% |
| Goods, raw materials, services and sundry goods | 60/61 | €186,392 | - | -€186,392 | |
| Remuneration, social security and pensions | 62 | €30,893 | €201,301 | +€170,408 | +552% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,490 | €14,615 | +€10,125 | +225% |
| Other operating charges | 640/8 | €7,765 | €9,491 | +€1,726 | +22.2% |
| Gross operating margin | 9900 | €112,972 | €396,883 | +€283,912 | +251% |
| Operating profit (loss) | 9901 | €69,824 | €171,477 | +€101,653 | +146% |
| Financial income | 75/76B | €54 | €1,785 | +€1,731 | +3,231% |
| Recurring financial income | 75 | €54 | €1,785 | +€1,731 | +3,231% |
| Financial charges | 65/66B | €7,497 | €6,518 | -€979 | -13.1% |
| Recurring financial charges | 65 | €2,347 | €6,518 | +€4,171 | +178% |
| Non-recurring financial charges | 66B | €5,150 | - | -€5,150 | |
| Profit (loss) for the period before taxes | 9903 | €62,380 | €166,745 | +€104,364 | +167% |
| Income taxes | 67/77 | €13,757 | €40,000 | +€26,243 | +191% |
| Profit (loss) for the period | 9904 | €48,623 | €126,745 | +€78,121 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €48,623 | €126,745 | +€78,121 | +161% |
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 23 October 2026 via checked.be.