ALTIUS: what changed
ALTIUS
Largest movements
- Cash +€471,692
up €471,692 (+578%), from €81,630 to €553,322
mainly Other debts (+€420,780) and Depreciation (+€125,981)
- Tangible fixed assets -€125,981
down €125,981 (-3.0%), from €4.1m to €4.0m
- Receivables within one year -€97,198
down €97,198 (-93.9%), from €103,526 to €6,327
of which Other amounts receivable: -€100,056
- Other debts +€420,780
up €420,780 (+62.2%), from €676,000 to €1.1m
- Profit (loss) carried forward -€135,718
down €135,718 (-6.0%), from -€2.3m to -€2.4m
- Short-term financial debts -€50,000
down €50,000 (-8.3%), from €600,000 to €550,000
- Gross operating margin -€63,541
down €63,541 (-39.1%), from €162,512 to €98,971
- Purchases and services +€19,799
up €19,799 (+53.9%), from €36,726 to €56,525
- Taxes +€19,082
up €19,082 (+1,665%), from €1,146 to €20,228
- Turnover +€4,462
up €4,462 (+3.0%), from €151,034 to €155,496
- Financial charges -€3,550
down €3,550 (-4.6%), from €76,455 to €72,904
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 | €4,342,285 | €4,597,571 | +€255,285 | +5.9% |
| Fixed assets | 21/28 | €4,149,660 | €4,023,679 | -€125,981 | -3.0% |
| Tangible fixed assets | 22/27 | €4,149,660 | €4,023,679 | -€125,981 | -3.0% |
| Land and buildings | 22 | €4,149,660 | €4,023,679 | -€125,981 | -3.0% |
| Current assets | 29/58 | €192,626 | €573,891 | +€381,266 | +198% |
| Amounts receivable within one year | 40/41 | €103,526 | €6,327 | -€97,198 | -93.9% |
| Trade receivables | 40 | - | €2,858 | +€2,858 | |
| Other amounts receivable | 41 | €103,526 | €3,469 | -€100,056 | -96.6% |
| Cash at bank and in hand | 54/58 | €81,630 | €553,322 | +€471,692 | +578% |
| Deferred charges and accrued income | 490/1 | €7,470 | €14,242 | +€6,772 | +90.7% |
| Total equity and liabilities | 10/49 | €4,342,285 | €4,597,571 | +€255,285 | +5.9% |
| Equity | 10/15 | €30,890 | -€104,829 | -€135,718 | |
| Contributions | 10/11 | €2,306,208 | €2,306,208 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,277,177 | -€2,412,896 | -€135,718 | -6.0% |
| Amounts payable | 17/49 | €4,311,396 | €4,702,400 | +€391,004 | +9.1% |
| Amounts payable after more than one year | 17 | €2,990,000 | €3,019,900 | +€29,900 | +1.0% |
| Financial debts | 170/4 | €2,990,000 | €3,019,900 | +€29,900 | +1.0% |
| Amounts payable within one year | 42/48 | €1,280,438 | €1,649,940 | +€369,502 | +28.9% |
| Financial debts | 43 | €600,000 | €550,000 | -€50,000 | -8.3% |
| Credit institutions | 430/8 | €600,000 | €550,000 | -€50,000 | -8.3% |
| Trade debts | 44 | €3,177 | €3,159 | -€17 | -0.5% |
| Suppliers | 440/4 | €3,177 | €3,159 | -€17 | -0.5% |
| Taxes, remuneration and social security | 45 | €1,261 | - | -€1,261 | |
| Taxes | 450/3 | €1,261 | - | -€1,261 | |
| Other amounts payable | 47/48 | €676,000 | €1,096,780 | +€420,780 | +62.2% |
| Accrued charges and deferred income | 492/3 | €40,958 | €32,560 | -€8,398 | -20.5% |
| Turnover | 70 | €151,034 | €155,496 | +€4,462 | +3.0% |
| Non-recurring operating income | 76A | €45,154 | - | -€45,154 | |
| Goods, raw materials, services and sundry goods | 60/61 | €36,726 | €56,525 | +€19,799 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,981 | €125,981 | +€0 | 0.0% |
| Other operating charges | 640/8 | €18,029 | €18,476 | +€446 | +2.5% |
| Gross operating margin | 9900 | €162,512 | €98,971 | -€63,541 | -39.1% |
| Operating profit (loss) | 9901 | €18,502 | -€45,485 | -€63,987 | |
| Financial income | 75/76B | €4,018 | €2,899 | -€1,119 | -27.9% |
| Recurring financial income | 75 | €4,018 | €2,899 | -€1,119 | -27.9% |
| Financial charges | 65/66B | €76,455 | €72,904 | -€3,550 | -4.6% |
| Recurring financial charges | 65 | €76,455 | €72,904 | -€3,550 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,934 | -€115,490 | -€61,556 | -114% |
| Income taxes | 67/77 | €1,146 | €20,228 | +€19,082 | +1,665% |
| Profit (loss) for the period | 9904 | -€55,080 | -€135,718 | -€80,639 | -146% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,080 | -€135,718 | -€80,639 | -146% |
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 5 November 2026 via checked.be.