ALTUM: 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.
ALTUM
Largest movements
- Receivables within one year -€2,407
down €2,407 (-100.0%), from €2,407 to €0
- Cash -€510
down €510 (-17.4%), from €2,940 to €2,430
mainly Trade debts (-€2,408) and Accrued charges and deferred income (-€387)
- Trade debts -€2,408
down €2,408 (-18.1%), from €13,300 to €10,892
- Accrued charges and deferred income -€387
down €387 (-100.0%), from €387 to €0
- Profit (loss) carried forward -€122
down €122 (-0.1%), from -€170,323 to -€170,444
- Other operating charges -€571
down €571 (-88.0%), from €649 to €78
- Gross operating margin -€5
down €5 (-11.1%), from -€41 to -€45
- Financial income +€1
new in 2025: €1
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 | €5,347 | €2,430 | -€2,917 | -54.6% |
| Current assets | 29/58 | €5,347 | €2,430 | -€2,917 | -54.6% |
| Amounts receivable within one year | 40/41 | €2,407 | €0 | -€2,407 | -100.0% |
| Trade receivables | 40 | €2,407 | €0 | -€2,407 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,940 | €2,430 | -€510 | -17.4% |
| Total equity and liabilities | 10/49 | €5,347 | €2,430 | -€2,917 | -54.6% |
| Equity | 10/15 | -€8,482 | -€8,604 | -€122 | -1.4% |
| Contributions | 10/11 | €161,500 | €161,500 | = | 0.0% |
| Capital | 10 | €161,500 | €161,500 | = | 0.0% |
| Issued capital | 100 | €161,500 | €161,500 | = | 0.0% |
| Reserves | 13 | €340 | €340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €340 | €340 | = | 0.0% |
| Legal reserve | 130 | €340 | €340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,323 | -€170,444 | -€122 | -0.1% |
| Amounts payable | 17/49 | €13,829 | €11,034 | -€2,795 | -20.2% |
| Amounts payable within one year | 42/48 | €13,442 | €11,034 | -€2,408 | -17.9% |
| Trade debts | 44 | €13,300 | €10,892 | -€2,408 | -18.1% |
| Suppliers | 440/4 | €13,300 | €10,892 | -€2,408 | -18.1% |
| Other amounts payable | 47/48 | €142 | €142 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Other operating charges | 640/8 | €649 | €78 | -€571 | -88.0% |
| Gross operating margin | 9900 | -€41 | -€45 | -€5 | -11.1% |
| Operating profit (loss) | 9901 | -€689 | -€123 | +€566 | +82.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€689 | -€122 | +€567 | +82.3% |
| Profit (loss) for the period | 9904 | -€689 | -€122 | +€567 | +82.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€689 | -€122 | +€567 | +82.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.