ALTTEC: 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.
ALTTEC
Largest movements
- Cash -€56,790
down €56,790 (-51.1%), from €111,234 to €54,444
mainly Stocks and contracts (-€56,554) and Receivables within one year (-€25,795)
- Stocks and contracts +€56,554
up €56,554 (+119.1%), from €47,500 to €104,054
of which Contracts in progress: +€53,554
- Receivables within one year +€25,795
up €25,795 (+12.7%), from €203,037 to €228,832
of which Trade receivables: +€63,535
- Reserves +€28,105
up €28,105 (+32.7%), from €85,907 to €114,012
- Trade debts +€21,121
up €21,121 (+8.5%), from €249,050 to €270,171
- Tax, wage and social debts -€13,817
down €13,817 (-42.2%), from €32,744 to €18,927
of which Taxes: -€14,125
- Accrued charges and deferred income -€8,726
down €8,726 (-36.7%), from €23,770 to €15,043
- Staff costs +€33,654
up €33,654 (+98.4%), from €34,210 to €67,864
- Gross operating margin +€11,856
up €11,856 (+10.9%), from €108,334 to €120,190
- Taxes -€6,149
down €6,149 (-39.6%), from €15,535 to €9,386
- Depreciation +€1,680
up €1,680 (+13.4%), from €12,532 to €14,212
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.
Cash bridge derived
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 | €403,791 | €430,693 | +€26,903 | +6.7% |
| Fixed assets | 21/28 | €42,020 | €43,363 | +€1,343 | +3.2% |
| Tangible fixed assets | 22/27 | €42,020 | €43,363 | +€1,343 | +3.2% |
| Plant, machinery and equipment | 23 | €19,392 | €17,568 | -€1,824 | -9.4% |
| Furniture and vehicles | 24 | €22,628 | €25,796 | +€3,168 | +14.0% |
| Current assets | 29/58 | €361,771 | €387,330 | +€25,559 | +7.1% |
| Stocks and contracts in progress | 3 | €47,500 | €104,054 | +€56,554 | +119.1% |
| Stocks | 30/36 | €47,500 | €50,500 | +€3,000 | +6.3% |
| Contracts in progress | 37 | - | €53,554 | +€53,554 | |
| Amounts receivable within one year | 40/41 | €203,037 | €228,832 | +€25,795 | +12.7% |
| Trade receivables | 40 | €97,698 | €161,234 | +€63,535 | +65.0% |
| Other amounts receivable | 41 | €105,338 | €67,598 | -€37,740 | -35.8% |
| Cash at bank and in hand | 54/58 | €111,234 | €54,444 | -€56,790 | -51.1% |
| Total equity and liabilities | 10/49 | €403,791 | €430,693 | +€26,903 | +6.7% |
| Equity | 10/15 | €97,907 | €126,012 | +€28,105 | +28.7% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Outside capital | 11 | €12,000 | €12,000 | = | 0.0% |
| Other | 1109/19 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €85,907 | €114,012 | +€28,105 | +32.7% |
| Distributable reserves | 133 | €85,907 | €114,012 | +€28,105 | +32.7% |
| Amounts payable | 17/49 | €305,883 | €304,681 | -€1,202 | -0.4% |
| Amounts payable within one year | 42/48 | €282,113 | €289,637 | +€7,524 | +2.7% |
| Trade debts | 44 | €249,050 | €270,171 | +€21,121 | +8.5% |
| Suppliers | 440/4 | €249,050 | €270,171 | +€21,121 | +8.5% |
| Taxes, remuneration and social security | 45 | €32,744 | €18,927 | -€13,817 | -42.2% |
| Taxes | 450/3 | €29,660 | €15,535 | -€14,125 | -47.6% |
| Remuneration and social security | 454/9 | €3,083 | €3,392 | +€308 | +10.0% |
| Other amounts payable | 47/48 | €320 | €540 | +€220 | +68.9% |
| Accrued charges and deferred income | 492/3 | €23,770 | €15,043 | -€8,726 | -36.7% |
| Non-recurring operating income | 76A | - | €2,207 | +€2,207 | |
| Remuneration, social security and pensions | 62 | €34,210 | €67,864 | +€33,654 | +98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,532 | €14,212 | +€1,680 | +13.4% |
| Other operating charges | 640/8 | €899 | €1,346 | +€447 | +49.7% |
| Gross operating margin | 9900 | €108,334 | €120,190 | +€11,856 | +10.9% |
| Operating profit (loss) | 9901 | €60,692 | €36,768 | -€23,924 | -39.4% |
| Financial income | 75/76B | €281 | €1,042 | +€761 | +270.9% |
| Recurring financial income | 75 | €281 | €1,042 | +€761 | +270.9% |
| Financial charges | 65/66B | €315 | €318 | +€3 | +0.9% |
| Recurring financial charges | 65 | €315 | €318 | +€3 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €60,658 | €37,491 | -€23,167 | -38.2% |
| Income taxes | 67/77 | €15,535 | €9,386 | -€6,149 | -39.6% |
| Profit (loss) for the period | 9904 | €45,123 | €28,105 | -€17,018 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,123 | €28,105 | -€17,018 | -37.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.