IN ALTO: what changed
IN ALTO
Largest movements
- Cash +€103,204
up €103,204 (+170%), from €60,717 to €163,921
mainly Net result for the year (+€147,760) and Other debts (+€65,035)
- Financial fixed assets -€39,934
no longer reported in 2025 (was €39,934)
- Deferred charges and accrued income +€14,064
up €14,064 (+718%), from €1,959 to €16,023
- Receivables within one year -€13,776
down €13,776 (-32.0%), from €43,007 to €29,232
of which Other amounts receivable: -€26,158
- Other debts +€65,035
up €65,035 (+75.0%), from €86,768 to €151,803
- Profit (loss) carried forward -€22,240
down €22,240 (-49.9%), from €44,569 to €22,329
- Tax, wage and social debts +€19,306
up €19,306 (+130%), from €14,870 to €34,176
- Financial income +€78,747
up €78,747 (+18,666%), from €422 to €79,169
- Taxes +€23,848
up €23,848 (+120%), from €19,827 to €43,676
- Gross operating margin +€19,223
up €19,223 (+19.1%), from €100,441 to €119,665
- Other operating charges +€2,077
up €2,077 (+381%), from €545 to €2,622
- Financial charges +€1,326
up €1,326 (+331%), from €400 to €1,726
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 | €167,056 | €229,123 | +€62,068 | +37.2% |
| Fixed assets | 21/28 | €61,373 | €19,949 | -€41,424 | -67.5% |
| Tangible fixed assets | 22/27 | €21,439 | €19,949 | -€1,490 | -7.0% |
| Land and buildings | 22 | €20,044 | €18,329 | -€1,715 | -8.6% |
| Plant, machinery and equipment | 23 | - | €486 | +€486 | |
| Furniture and vehicles | 24 | €1,395 | €1,133 | -€261 | -18.7% |
| Financial fixed assets | 28 | €39,934 | - | -€39,934 | |
| Current assets | 29/58 | €105,683 | €209,175 | +€103,492 | +97.9% |
| Amounts receivable within one year | 40/41 | €43,007 | €29,232 | -€13,776 | -32.0% |
| Trade receivables | 40 | €14,272 | €26,654 | +€12,382 | +86.8% |
| Other amounts receivable | 41 | €28,735 | €2,577 | -€26,158 | -91.0% |
| Cash at bank and in hand | 54/58 | €60,717 | €163,921 | +€103,204 | +170% |
| Deferred charges and accrued income | 490/1 | €1,959 | €16,023 | +€14,064 | +718% |
| Total equity and liabilities | 10/49 | €167,056 | €229,123 | +€62,068 | +37.2% |
| Equity | 10/15 | €65,029 | €42,789 | -€22,240 | -34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,569 | €22,329 | -€22,240 | -49.9% |
| Amounts payable | 17/49 | €102,027 | €186,334 | +€84,307 | +82.6% |
| Amounts payable within one year | 42/48 | €102,027 | €186,334 | +€84,307 | +82.6% |
| Trade debts | 44 | €389 | €355 | -€34 | -8.7% |
| Suppliers | 440/4 | €389 | €355 | -€34 | -8.7% |
| Taxes, remuneration and social security | 45 | €14,870 | €34,176 | +€19,306 | +130% |
| Taxes | 450/3 | €14,870 | €34,176 | +€19,306 | +130% |
| Other amounts payable | 47/48 | €86,768 | €151,803 | +€65,035 | +75.0% |
| Non-recurring operating income | 76A | - | €14,971 | +€14,971 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,642 | €3,049 | -€593 | -16.3% |
| Other operating charges | 640/8 | €545 | €2,622 | +€2,077 | +381% |
| Gross operating margin | 9900 | €100,441 | €119,665 | +€19,223 | +19.1% |
| Operating profit (loss) | 9901 | €96,255 | €113,993 | +€17,739 | +18.4% |
| Financial income | 75/76B | €422 | €79,169 | +€78,747 | +18,666% |
| Recurring financial income | 75 | €422 | €79,169 | +€78,747 | +18,666% |
| Financial charges | 65/66B | €400 | €1,726 | +€1,326 | +331% |
| Recurring financial charges | 65 | €400 | €1,726 | +€1,326 | +331% |
| Profit (loss) for the period before taxes | 9903 | €96,276 | €191,436 | +€95,160 | +98.8% |
| Income taxes | 67/77 | €19,827 | €43,676 | +€23,848 | +120% |
| Profit (loss) for the period | 9904 | €76,449 | €147,760 | +€71,312 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,449 | €147,760 | +€71,312 | +93.3% |
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 3 November 2026 via checked.be.