Altosim: 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.
Altosim
Largest movements
- Cash +€82,721
up €82,721 (+99.6%), from €83,027 to €165,748
mainly Net result for the year (+€198,105) and Other debts (+€169,269)
- Receivables within one year +€48,549
up €48,549 (+9.6%), from €508,081 to €556,630
of which Trade receivables: +€48,119
- Other debts +€169,269
up €169,269 (+28.1%), from €602,902 to €772,171
- Tax, wage and social debts -€29,344
down €29,344 (-75.6%), from €38,829 to €9,485
- Reserves -€16,895
down €16,895 (-77.6%), from €21,770 to €4,875
- Trade debts +€12,801
up €12,801 (+120.6%), from €10,618 to €23,419
- Financial income +€2,860
up €2,860 (+18.4%), from €15,518 to €18,379
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €679,120 | €814,950 | +€135,830 | +20.0% |
| Fixed assets | 21/28 | €77,551 | €82,550 | +€4,999 | +6.4% |
| Tangible fixed assets | 22/27 | €75,051 | €80,050 | +€4,999 | +6.7% |
| Plant, machinery and equipment | 23 | - | €8,020 | +€8,020 | |
| Furniture and vehicles | 24 | €4,047 | €4,764 | +€717 | +17.7% |
| Other tangible fixed assets | 26 | €71,004 | €67,266 | -€3,738 | -5.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €601,569 | €732,400 | +€130,831 | +21.7% |
| Amounts receivable within one year | 40/41 | €508,081 | €556,630 | +€48,549 | +9.6% |
| Trade receivables | 40 | €113,555 | €161,674 | +€48,119 | +42.4% |
| Other amounts receivable | 41 | €394,526 | €394,956 | +€430 | +0.1% |
| Cash at bank and in hand | 54/58 | €83,027 | €165,748 | +€82,721 | +99.6% |
| Deferred charges and accrued income | 490/1 | €10,462 | €10,023 | -€439 | -4.2% |
| Total equity and liabilities | 10/49 | €679,120 | €814,950 | +€135,830 | +20.0% |
| Equity | 10/15 | €26,770 | €9,875 | -€16,895 | -63.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,770 | €4,875 | -€16,895 | -77.6% |
| Distributable reserves | 133 | €21,770 | €4,875 | -€16,895 | -77.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €652,349 | €805,075 | +€152,725 | +23.4% |
| Amounts payable within one year | 42/48 | €652,349 | €805,075 | +€152,725 | +23.4% |
| Trade debts | 44 | €10,618 | €23,419 | +€12,801 | +120.6% |
| Suppliers | 440/4 | €10,618 | €23,419 | +€12,801 | +120.6% |
| Taxes, remuneration and social security | 45 | €38,829 | €9,485 | -€29,344 | -75.6% |
| Taxes | 450/3 | €38,829 | €9,485 | -€29,344 | -75.6% |
| Other amounts payable | 47/48 | €602,902 | €772,171 | +€169,269 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,340 | €6,525 | +€1,185 | +22.2% |
| Other operating charges | 640/8 | €83 | €589 | +€506 | +609.3% |
| Gross operating margin | 9900 | €249,079 | €249,506 | +€427 | +0.2% |
| Operating profit (loss) | 9901 | €243,656 | €242,392 | -€1,264 | -0.5% |
| Financial income | 75/76B | €15,518 | €18,379 | +€2,860 | +18.4% |
| Recurring financial income | 75 | €15,518 | €18,379 | +€2,860 | +18.4% |
| Financial charges | 65/66B | €1,334 | €1,204 | -€130 | -9.8% |
| Recurring financial charges | 65 | €1,334 | €1,204 | -€130 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €257,841 | €259,567 | +€1,727 | +0.7% |
| Income taxes | 67/77 | €61,903 | €61,462 | -€440 | -0.7% |
| Profit (loss) for the period | 9904 | €195,938 | €198,105 | +€2,167 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €195,938 | €198,105 | +€2,167 | +1.1% |
Source: filed annual accounts (NBB), financial years ended 31 May 2025 and 31 May 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.