ALTRO FINANCIAL SOLUTIONS: 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
ALTRO FINANCIAL SOLUTIONS
NACE 64.999, Other financial services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€156,104
2024 · -€358,340+€514,444
Equity
€63,791
2024 · -€92,313+€156,104
Cash
€16,227
2024 · €11,314+€4,913
Balance sheet total
€1.0m
2024 · €4.0m-€3.0m
Largest movements
Assets
- Intangible fixed assets -€1.3m
down €1.3m (-96.7%), from €1.3m to €43,156
- Tangible fixed assets -€936,498
down €936,498 (-64.7%), from €1.4m to €510,335
of which Land and buildings: -€481,349
- Receivables within one year -€736,076
down €736,076 (-61.1%), from €1.2m to €468,627
of which Trade receivables: -€695,413
Equity and liabilities
- Debts after one year -€1.3m
down €1.3m (-84.6%), from €1.6m to €242,067
- Other debts -€727,243
no longer reported in 2025 (was €727,243)
- Current portion of long-term debt -€365,382
down €365,382 (-100%), from €365,382 to €0
- Trade debts -€271,112
down €271,112 (-57.5%), from €471,523 to €200,411
- Short-term financial debts -€205,509
down €205,509 (-100%), from €205,509 to €0
Income statement
- Gross operating margin +€1.5m
up €1.5m (+80.0%), from €1.9m to €3.5m
- Staff costs -€800,382
down €800,382 (-46.3%), from €1.7m to €929,341
- Taxes +€473,301
up €473,301 (+11,838%), from €3,998 to €477,299
- Purchases and services -€431,905
down €431,905 (-20.2%), from €2.1m to €1.7m
- Depreciation -€191,978
down €191,978 (-59.5%), from €322,631 to €130,653
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.
Result 2024
-€358,340
Gross operating margin
+€1.5m
Staff costs
+€800,382
Depreciation
+€191,978
Write-downs
-€142,587
Other operating charges
+€8,594
Other operating items
-€1.4m
Financial income
-€48
Financial charges
+€1,217
Taxes
-€473,301
Result 2025
€156,104
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€190,301
Investment
+€2.1m
Financing
-€1.9m
Cash 2024
€11,314
From operations (derived)
-€190,301
Net result for the year
+€156,104
Depreciation
+€130,653
Receivables within one year
+€736,076
Deferred charges and accrued income
+€14,590
Trade debts
-€271,112
Tax, wage and social debts
-€122,930
Other debts
-€727,243
Accrued charges and deferred income
-€106,439
Investment (derived)
+€2.1m
Investment in fixed assets (net)
+€2.1m
Financing
-€1.9m
Debts after one year
-€1.3m
Current portion of long-term debt
-€365,382
Short-term financial debts
-€205,509
Contributions, distributions and other
-€0
Cash 2025
€16,227
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,012,884 | €1,044,145 | -€3.0m | -74.0% |
| Fixed assets | 21/28 | €2,782,278 | €559,291 | -€2.2m | -79.9% |
| Intangible fixed assets | 21 | €1,317,931 | €43,156 | -€1.3m | -96.7% |
| Tangible fixed assets | 22/27 | €1,446,833 | €510,335 | -€936,498 | -64.7% |
| Land and buildings | 22 | €867,661 | €386,312 | -€481,349 | -55.5% |
| Plant, machinery and equipment | 23 | €57,691 | €18,501 | -€39,190 | -67.9% |
| Furniture and vehicles | 24 | €114,968 | €44,938 | -€70,030 | -60.9% |
| Other tangible fixed assets | 26 | €74,580 | €60,584 | -€13,996 | -18.8% |
| Assets under construction and advance payments | 27 | €331,933 | €0 | -€331,933 | -100% |
| Financial fixed assets | 28 | €17,514 | €5,800 | -€11,714 | -66.9% |
| Current assets | 29/58 | €1,230,607 | €484,854 | -€745,753 | -60.6% |
| Amounts receivable within one year | 40/41 | €1,204,703 | €468,627 | -€736,076 | -61.1% |
| Trade receivables | 40 | €1,071,792 | €376,379 | -€695,413 | -64.9% |
| Other amounts receivable | 41 | €132,911 | €92,248 | -€40,663 | -30.6% |
| Cash at bank and in hand | 54/58 | €11,314 | €16,227 | +€4,913 | +43.4% |
| Deferred charges and accrued income | 490/1 | €14,590 | €0 | -€14,590 | -100% |
| Total equity and liabilities | 10/49 | €4,012,884 | €1,044,145 | -€3.0m | -74.0% |
| Equity | 10/15 | -€92,313 | €63,791 | +€156,104 | |
| Contributions | 10/11 | €105,592 | €105,592 | -€0 | 0.0% |
| Capital | 10 | €105,592 | €105,592 | -€0 | 0.0% |
| Issued capital | 100 | €105,592 | €105,592 | -€0 | 0.0% |
| Reserves | 13 | €258,059 | €258,059 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €10,559 | €10,559 | -€0 | 0.0% |
| Legal reserve | 130 | €10,559 | €10,559 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €47,500 | €47,500 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€455,964 | -€299,860 | +€156,104 | +34.2% |
| Amounts payable | 17/49 | €4,105,197 | €980,354 | -€3.1m | -76.1% |
| Amounts payable after more than one year | 17 | €1,568,295 | €242,067 | -€1.3m | -84.6% |
| Financial debts | 170/4 | €1,568,295 | €242,067 | -€1.3m | -84.6% |
| Amounts payable within one year | 42/48 | €2,414,210 | €722,035 | -€1.7m | -70.1% |
| Current portion of amounts payable after more than one year | 42 | €365,382 | €0 | -€365,382 | -100% |
| Financial debts | 43 | €205,509 | €0 | -€205,509 | -100% |
| Other loans | 439 | €205,509 | €0 | -€205,509 | -100% |
| Trade debts | 44 | €471,523 | €200,411 | -€271,112 | -57.5% |
| Suppliers | 440/4 | €471,523 | €200,411 | -€271,112 | -57.5% |
| Taxes, remuneration and social security | 45 | €644,554 | €521,624 | -€122,930 | -19.1% |
| Taxes | 450/3 | €304,996 | €488,733 | +€183,737 | +60.2% |
| Remuneration and social security | 454/9 | €339,558 | €32,891 | -€306,667 | -90.3% |
| Other amounts payable | 47/48 | €727,243 | - | -€727,243 | |
| Accrued charges and deferred income | 492/3 | €122,691 | €16,252 | -€106,439 | -86.8% |
| Non-recurring operating income | 76A | €86,572 | €3,263,000 | +€3.2m | +3,669% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,142,585 | €1,710,680 | -€431,905 | -20.2% |
| Remuneration, social security and pensions | 62 | €1,729,723 | €929,341 | -€800,382 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322,631 | €130,653 | -€191,978 | -59.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €142,587 | +€142,587 | |
| Other operating charges | 640/8 | €37,115 | €28,521 | -€8,594 | -23.2% |
| Non-recurring operating charges | 66A | €93,152 | €1,513,708 | +€1.4m | +1,525% |
| Gross operating margin | 9900 | €1,935,438 | €3,484,202 | +€1.5m | +80.0% |
| Operating profit (loss) | 9901 | -€247,183 | €739,392 | +€986,575 | |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Financial charges | 65/66B | €107,206 | €105,989 | -€1,217 | -1.1% |
| Recurring financial charges | 65 | €107,206 | €105,989 | -€1,217 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€354,342 | €633,403 | +€987,745 | |
| Income taxes | 67/77 | €3,998 | €477,299 | +€473,301 | +11,838% |
| Profit (loss) for the period | 9904 | -€358,340 | €156,104 | +€514,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€358,340 | €156,104 | +€514,444 |
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.