VIA ALTI: 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.
VIA ALTI
Largest movements
- Receivables within one year +€2.1m
up €2.1m (+396%), from €530,891 to €2.6m
of which Other amounts receivable: +€2.2m
- Cash +€398,661
up €398,661 (+51.7%), from €770,798 to €1.2m
mainly Other debts (+€2.1m) and Net result for the year (+€406,861)
- Other debts +€2.1m
up €2.1m (+111%), from €1.9m to €4.1m
- Reserves +€406,861
up €406,861 (+31.4%), from €1.3m to €1.7m
of which Tax-exempt reserves: +€205,034
- Debts after one year -€178,790
down €178,790 (-2.1%), from €8.3m to €8.1m
- Accrued charges and deferred income +€171,582
up €171,582 (+49.9%), from €344,094 to €515,676
- Gross operating margin -€122,662
down €122,662 (-13.7%), from €892,382 to €769,720
- Financial charges +€47,671
up €47,671 (+22.5%), from €211,562 to €259,233
- Taxes -€32,222
down €32,222 (-18.6%), from €172,867 to €140,645
- Financial income +€29,640
up €29,640 (+331%), from €8,951 to €38,591
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 | €12,105,556 | €14,724,022 | +€2.6m | +21.6% |
| Fixed assets | 21/28 | €10,803,336 | €10,903,336 | +€100,000 | +0.9% |
| Financial fixed assets | 28 | €10,803,336 | €10,903,336 | +€100,000 | +0.9% |
| Current assets | 29/58 | €1,302,220 | €3,820,686 | +€2.5m | +193% |
| Amounts receivable within one year | 40/41 | €530,891 | €2,633,856 | +€2.1m | +396% |
| Trade receivables | 40 | €54,450 | €0 | -€54,450 | -100% |
| Other amounts receivable | 41 | €476,441 | €2,633,856 | +€2.2m | +453% |
| Cash at bank and in hand | 54/58 | €770,798 | €1,169,459 | +€398,661 | +51.7% |
| Deferred charges and accrued income | 490/1 | €531 | €17,371 | +€16,840 | +3,171% |
| Total equity and liabilities | 10/49 | €12,105,556 | €14,724,022 | +€2.6m | +21.6% |
| Equity | 10/15 | €1,300,521 | €1,707,382 | +€406,861 | +31.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,295,521 | €1,702,382 | +€406,861 | +31.4% |
| Tax-exempt reserves | 132 | - | €205,034 | +€205,034 | |
| Distributable reserves | 133 | €1,295,521 | €1,497,349 | +€201,828 | +15.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,805,035 | €13,016,640 | +€2.2m | +20.5% |
| Amounts payable after more than one year | 17 | €8,327,779 | €8,148,989 | -€178,790 | -2.1% |
| Financial debts | 170/4 | €8,327,779 | €8,148,989 | -€178,790 | -2.1% |
| Amounts payable within one year | 42/48 | €2,133,162 | €4,351,974 | +€2.2m | +104% |
| Current portion of amounts payable after more than one year | 42 | €176,343 | €178,790 | +€2,447 | +1.4% |
| Trade debts | 44 | €1,189 | €2,042 | +€853 | +71.8% |
| Suppliers | 440/4 | €1,189 | €2,042 | +€853 | +71.8% |
| Taxes, remuneration and social security | 45 | €29,550 | €107,230 | +€77,680 | +263% |
| Taxes | 450/3 | €29,550 | €107,230 | +€77,680 | +263% |
| Other amounts payable | 47/48 | €1,926,081 | €4,063,913 | +€2.1m | +111% |
| Accrued charges and deferred income | 492/3 | €344,094 | €515,676 | +€171,582 | +49.9% |
| Other operating charges | 640/8 | €393 | €1,571 | +€1,178 | +300% |
| Gross operating margin | 9900 | €892,382 | €769,720 | -€122,662 | -13.7% |
| Operating profit (loss) | 9901 | €891,989 | €768,148 | -€123,841 | -13.9% |
| Financial income | 75/76B | €8,951 | €38,591 | +€29,640 | +331% |
| Recurring financial income | 75 | €8,951 | €38,591 | +€29,640 | +331% |
| Financial charges | 65/66B | €211,562 | €259,233 | +€47,671 | +22.5% |
| Recurring financial charges | 65 | €211,562 | €259,233 | +€47,671 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €689,379 | €547,506 | -€141,872 | -20.6% |
| Income taxes | 67/77 | €172,867 | €140,645 | -€32,222 | -18.6% |
| Profit (loss) for the period | 9904 | €516,512 | €406,861 | -€109,651 | -21.2% |
| Transfer to tax-exempt reserves | 689 | - | €205,034 | +€205,034 | |
| Profit (loss) for the period to be appropriated | 9905 | €516,512 | €201,828 | -€314,684 | -60.9% |
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 24 October 2026 via checked.be.