HOLDING ALTO: what changed
HOLDING ALTO
Largest movements
- Cash -€231,579
down €231,579 (-76.1%), from €304,391 to €72,812
mainly Receivables within one year (-€129,255) and Current investments (-€100,000)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€2.2m
down €2.2m (-100.0%), from €2.2m to €200
of which Non-recurring financial income: -€2.2m
- Gross operating margin +€29,454
up €29,454, from -€18,546 to €10,908
- Financial charges -€3,784
down €3,784 (-24.8%), from €15,250 to €11,466
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,705,843 | €14,703,519 | -€2,324 | 0.0% |
| Fixed assets | 21/28 | €14,401,386 | €14,401,386 | = | 0.0% |
| Financial fixed assets | 28 | €14,401,386 | €14,401,386 | = | 0.0% |
| Current assets | 29/58 | €304,457 | €302,133 | -€2,324 | -0.8% |
| Amounts receivable within one year | 40/41 | €66 | €129,321 | +€129,255 | +195,841% |
| Trade receivables | 40 | €24 | €11,219 | +€11,195 | +46,646% |
| Other amounts receivable | 41 | €42 | €118,102 | +€118,060 | +281,095% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €304,391 | €72,812 | -€231,579 | -76.1% |
| Total equity and liabilities | 10/49 | €14,705,843 | €14,703,519 | -€2,324 | 0.0% |
| Equity | 10/15 | €14,704,875 | €14,703,519 | -€1,356 | 0.0% |
| Contributions | 10/11 | €11,783,720 | €11,783,720 | = | 0.0% |
| Reserves | 13 | €527 | €527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €527 | €527 | = | 0.0% |
| Reserves not available under the articles | 1311 | €527 | €527 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,920,628 | €2,919,272 | -€1,356 | 0.0% |
| Amounts payable | 17/49 | €968 | - | -€968 | |
| Accrued charges and deferred income | 492/3 | €968 | - | -€968 | |
| Other operating charges | 640/8 | €968 | €998 | +€30 | +3.1% |
| Gross operating margin | 9900 | -€18,546 | €10,908 | +€29,454 | |
| Operating profit (loss) | 9901 | -€19,514 | €9,910 | +€29,424 | |
| Financial income | 75/76B | €2,160,577 | €200 | -€2.2m | -100.0% |
| Recurring financial income | 75 | €140 | €200 | +€60 | +42.9% |
| Non-recurring financial income | 76B | €2,160,437 | - | -€2.2m | |
| Financial charges | 65/66B | €15,250 | €11,466 | -€3,784 | -24.8% |
| Recurring financial charges | 65 | €15,250 | €11,466 | -€3,784 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €2,125,813 | -€1,356 | -€2.1m | |
| Profit (loss) for the period | 9904 | €2,125,813 | -€1,356 | -€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,125,813 | -€1,356 | -€2.1m |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.