IN ALTIS: 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.
IN ALTIS
Largest movements
- Cash +€98,498
up €98,498 (+98.3%), from €100,249 to €198,747
mainly Net result for the year (+€112,588) and Depreciation (+€16,568)
- Tangible fixed assets -€14,502
down €14,502 (-4.7%), from €307,736 to €293,234
of which Land and buildings: -€12,582
- Receivables within one year -€5,502
down €5,502 (-16.3%), from €33,724 to €28,223
of which Trade receivables: -€12,432
- Reserves +€112,588
up €112,588 (+58.0%), from €194,179 to €306,768
- Tax, wage and social debts -€23,622
down €23,622 (-82.5%), from €28,622 to €5,000
- Other debts -€7,245
down €7,245 (-6.7%), from €107,397 to €100,152
- Gross operating margin +€29,390
up €29,390 (+20.0%), from €146,829 to €176,219
- Taxes +€12,513
up €12,513 (+47.9%), from €26,146 to €38,660
- Financial charges -€2,439
down €2,439 (-25.0%), from €9,751 to €7,312
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €442,546 | €521,570 | +€79,024 | +17.9% |
| Fixed assets | 21/28 | €307,736 | €293,234 | -€14,502 | -4.7% |
| Tangible fixed assets | 22/27 | €307,736 | €293,234 | -€14,502 | -4.7% |
| Land and buildings | 22 | €298,497 | €285,915 | -€12,582 | -4.2% |
| Plant, machinery and equipment | 23 | €2,269 | €3,595 | +€1,325 | +58.4% |
| Furniture and vehicles | 24 | €5,553 | €2,617 | -€2,936 | -52.9% |
| Other tangible fixed assets | 26 | €1,416 | €1,106 | -€310 | -21.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €134,810 | €228,336 | +€93,526 | +69.4% |
| Amounts receivable within one year | 40/41 | €33,724 | €28,223 | -€5,502 | -16.3% |
| Trade receivables | 40 | €33,724 | €21,293 | -€12,432 | -36.9% |
| Other amounts receivable | 41 | - | €6,930 | +€6,930 | |
| Cash at bank and in hand | 54/58 | €100,249 | €198,747 | +€98,498 | +98.3% |
| Deferred charges and accrued income | 490/1 | €837 | €1,366 | +€529 | +63.2% |
| Total equity and liabilities | 10/49 | €442,546 | €521,570 | +€79,024 | +17.9% |
| Equity | 10/15 | €294,179 | €406,768 | +€112,588 | +38.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €194,179 | €306,768 | +€112,588 | +58.0% |
| Distributable reserves | 133 | €194,179 | €306,768 | +€112,588 | +58.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €148,367 | €114,802 | -€33,565 | -22.6% |
| Amounts payable within one year | 42/48 | €138,203 | €107,664 | -€30,539 | -22.1% |
| Trade debts | 44 | €2,184 | €2,512 | +€327 | +15.0% |
| Suppliers | 440/4 | €2,184 | €2,512 | +€327 | +15.0% |
| Taxes, remuneration and social security | 45 | €28,622 | €5,000 | -€23,622 | -82.5% |
| Taxes | 450/3 | €28,622 | €5,000 | -€23,622 | -82.5% |
| Other amounts payable | 47/48 | €107,397 | €100,152 | -€7,245 | -6.7% |
| Accrued charges and deferred income | 492/3 | €10,164 | €7,138 | -€3,025 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,865 | €16,568 | +€703 | +4.4% |
| Other operating charges | 640/8 | €1,022 | €1,091 | +€70 | +6.8% |
| Gross operating margin | 9900 | €146,829 | €176,219 | +€29,390 | +20.0% |
| Operating profit (loss) | 9901 | €129,943 | €158,559 | +€28,617 | +22.0% |
| Financial income | 75/76B | €1 | €1 | +€0 | +7.7% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +7.7% |
| Financial charges | 65/66B | €9,751 | €7,312 | -€2,439 | -25.0% |
| Recurring financial charges | 65 | €9,751 | €7,312 | -€2,439 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €120,193 | €151,248 | +€31,056 | +25.8% |
| Income taxes | 67/77 | €26,146 | €38,660 | +€12,513 | +47.9% |
| Profit (loss) for the period | 9904 | €94,046 | €112,588 | +€18,542 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,046 | €112,588 | +€18,542 | +19.7% |
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 19 October 2026 via checked.be.