Altro Projects: what changed
Two fiscal 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.
Altro Projects
Largest movements
- Financial fixed assets -€200,912
down €200,912 (-27.9%), from €720,293 to €519,381
- Tangible fixed assets -€67,267
down €67,267 (-36.6%), from €183,711 to €116,445
of which Land and buildings: -€39,467
- Other debts -€220,897
down €220,897 (-92.0%), from €240,120 to €19,223
- Current portion of long-term debt -€106,745
down €106,745 (-93.6%), from €114,018 to €7,273
- Reserves +€100,119
up €100,119 (+77.9%), from €128,450 to €228,569
- Tax, wage and social debts -€20,338
no longer reported in 2024 (was €20,338)
of which Remuneration and social security: -€12,000
- Debts after one year -€12,327
down €12,327 (-3.3%), from €369,409 to €357,082
- Gross operating margin +€98,449
up €98,449 (+806.7%), from €12,204 to €110,654
- Financial income -€50,000
no longer reported in 2024 (was €50,000)
- Depreciation -€21,870
down €21,870 (-88.3%), from €24,779 to €2,909
- Financial charges -€7,374
down €7,374 (-49.2%), from €15,000 to €7,626
of which Non-recurring financial charges: -€15,000
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €911,016 | €640,358 | -€270,658 | -29.7% |
| Fixed assets | 21/28 | €909,880 | €635,826 | -€274,054 | -30.1% |
| Intangible fixed assets | 21 | €5,875 | €0 | -€5,875 | -100.0% |
| Tangible fixed assets | 22/27 | €183,711 | €116,445 | -€67,267 | -36.6% |
| Land and buildings | 22 | €155,911 | €116,445 | -€39,467 | -25.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €27,800 | €0 | -€27,800 | -100.0% |
| Financial fixed assets | 28 | €720,293 | €519,381 | -€200,912 | -27.9% |
| Current assets | 29/58 | €1,136 | €4,532 | +€3,396 | +298.8% |
| Cash at bank and in hand | 54/58 | €1,136 | €4,532 | +€3,396 | +298.8% |
| Total equity and liabilities | 10/49 | €911,016 | €640,358 | -€270,658 | -29.7% |
| Equity | 10/15 | €153,450 | €253,569 | +€100,119 | +65.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €128,450 | €228,569 | +€100,119 | +77.9% |
| Distributable reserves | 133 | €128,450 | €228,569 | +€100,119 | +77.9% |
| Amounts payable | 17/49 | €757,567 | €386,789 | -€370,778 | -48.9% |
| Amounts payable after more than one year | 17 | €369,409 | €357,082 | -€12,327 | -3.3% |
| Financial debts | 170/4 | €369,409 | €357,082 | -€12,327 | -3.3% |
| Amounts payable within one year | 42/48 | €388,157 | €29,707 | -€358,451 | -92.3% |
| Current portion of amounts payable after more than one year | 42 | €114,018 | €7,273 | -€106,745 | -93.6% |
| Trade debts | 44 | €13,681 | €3,210 | -€10,471 | -76.5% |
| Suppliers | 440/4 | €13,681 | €3,210 | -€10,471 | -76.5% |
| Taxes, remuneration and social security | 45 | €20,338 | - | -€20,338 | |
| Taxes | 450/3 | €8,338 | - | -€8,338 | |
| Remuneration and social security | 454/9 | €12,000 | - | -€12,000 | |
| Other amounts payable | 47/48 | €240,120 | €19,223 | -€220,897 | -92.0% |
| Non-recurring operating income | 76A | - | €71,220 | +€71,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,779 | €2,909 | -€21,870 | -88.3% |
| Other operating charges | 640/8 | €248 | - | -€248 | |
| Gross operating margin | 9900 | €12,204 | €110,654 | +€98,449 | +806.7% |
| Operating profit (loss) | 9901 | -€12,822 | €107,745 | +€120,567 | |
| Financial income | 75/76B | €50,000 | - | -€50,000 | |
| Recurring financial income | 75 | €50,000 | - | -€50,000 | |
| Financial charges | 65/66B | €15,000 | €7,626 | -€7,374 | -49.2% |
| Recurring financial charges | 65 | €15,000 | €7,626 | -€7,374 | -49.2% |
| Non-recurring financial charges | 66B | €15,000 | - | -€15,000 | |
| Profit (loss) for the period before taxes | 9903 | €22,178 | €100,119 | +€77,941 | +351.4% |
| Profit (loss) for the period | 9904 | €22,178 | €100,119 | +€77,941 | +351.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,178 | €100,119 | +€77,941 | +351.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.