IO & ALTRO: 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.
IO & ALTRO
Largest movements
- Receivables within one year -€12,480
down €12,480 (-20.4%), from €61,098 to €48,617
of which Trade receivables: -€9,918
- Cash +€11,653
up €11,653 (+421%), from €2,766 to €14,419
mainly Receivables within one year (+€12,480) and Deferred charges and accrued income (+€3,793)
- Deferred charges and accrued income -€3,793
down €3,793 (-39.1%), from €9,713 to €5,920
- Tangible fixed assets -€2,163
down €2,163 (-46.1%), from €4,696 to €2,533
of which Furniture and vehicles: -€1,159
- Profit (loss) carried forward -€10,193
down €10,193 (-105%), from -€9,689 to -€19,882
- Other debts +€2,662
up €2,662 (+74.9%), from €3,556 to €6,218
- Gross operating margin -€812
down €812 (-14.2%), from -€5,709 to -€6,522
- Depreciation -€299
down €299 (-12.2%), from €2,462 to €2,163
- Other operating charges -€143
down €143 (-19.8%), from €722 to €579
- Taxes +€130
up €130 (+18.0%), from €722 to €852
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 | €78,272 | €71,489 | -€6,783 | -8.7% |
| Fixed assets | 21/28 | €4,696 | €2,533 | -€2,163 | -46.1% |
| Tangible fixed assets | 22/27 | €4,696 | €2,533 | -€2,163 | -46.1% |
| Furniture and vehicles | 24 | €3,155 | €1,997 | -€1,159 | -36.7% |
| Other tangible fixed assets | 26 | €1,540 | €536 | -€1,004 | -65.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €73,576 | €68,956 | -€4,620 | -6.3% |
| Amounts receivable within one year | 40/41 | €61,098 | €48,617 | -€12,480 | -20.4% |
| Trade receivables | 40 | €55,900 | €45,982 | -€9,918 | -17.7% |
| Other amounts receivable | 41 | €5,198 | €2,635 | -€2,563 | -49.3% |
| Cash at bank and in hand | 54/58 | €2,766 | €14,419 | +€11,653 | +421% |
| Deferred charges and accrued income | 490/1 | €9,713 | €5,920 | -€3,793 | -39.1% |
| Total equity and liabilities | 10/49 | €78,272 | €71,489 | -€6,783 | -8.7% |
| Equity | 10/15 | €73,879 | €63,686 | -€10,193 | -13.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €65,018 | €65,018 | = | 0.0% |
| Distributable reserves | 133 | €65,018 | €65,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,689 | -€19,882 | -€10,193 | -105% |
| Amounts payable | 17/49 | €4,393 | €7,803 | +€3,410 | +77.6% |
| Amounts payable within one year | 42/48 | €4,393 | €7,803 | +€3,410 | +77.6% |
| Trade debts | 44 | €837 | €1,585 | +€748 | +89.3% |
| Suppliers | 440/4 | €837 | €1,585 | +€748 | +89.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,556 | €6,218 | +€2,662 | +74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,462 | €2,163 | -€299 | -12.2% |
| Other operating charges | 640/8 | €722 | €579 | -€143 | -19.8% |
| Gross operating margin | 9900 | -€5,709 | -€6,522 | -€812 | -14.2% |
| Operating profit (loss) | 9901 | -€8,893 | -€9,263 | -€370 | -4.2% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €84 | €77 | -€7 | -7.8% |
| Recurring financial charges | 65 | €84 | €77 | -€7 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,967 | -€9,341 | -€374 | -4.2% |
| Income taxes | 67/77 | €722 | €852 | +€130 | +18.0% |
| Profit (loss) for the period | 9904 | -€9,689 | -€10,193 | -€504 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,689 | -€10,193 | -€504 | -5.2% |
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 14 October 2026 via checked.be.