ALTU: 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.
ALTU
Largest movements
- Cash +€46,139
up €46,139 (+71.8%), from €64,225 to €110,364
mainly Receivables within one year (+€25,122) and Net result for the year (+€17,256)
- Receivables within one year -€25,122
down €25,122 (-22.7%), from €110,511 to €85,389
of which Other amounts receivable: -€28,294
- Profit (loss) carried forward +€17,256
up €17,256 (+11.7%), from €147,735 to €164,990
- Tax, wage and social debts +€5,324
up €5,324 (+41.5%), from €12,839 to €18,163
- Gross operating margin -€10,989
down €10,989 (-30.5%), from €36,072 to €25,083
- Taxes -€2,593
down €2,593 (-27.6%), from €9,405 to €6,812
- Depreciation -€1,035
no longer reported in 2024 (was €1,035)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,888 | €207,498 | +€22,610 | +12.2% |
| Fixed assets | 21/28 | €3,895 | €3,895 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,895 | €3,895 | = | 0.0% |
| Furniture and vehicles | 24 | €3,895 | €3,895 | = | 0.0% |
| Current assets | 29/58 | €180,994 | €203,603 | +€22,610 | +12.5% |
| Amounts receivable within one year | 40/41 | €110,511 | €85,389 | -€25,122 | -22.7% |
| Trade receivables | 40 | €9,615 | €12,787 | +€3,172 | +33.0% |
| Other amounts receivable | 41 | €100,896 | €72,602 | -€28,294 | -28.0% |
| Cash at bank and in hand | 54/58 | €64,225 | €110,364 | +€46,139 | +71.8% |
| Deferred charges and accrued income | 490/1 | €6,257 | €7,850 | +€1,593 | +25.5% |
| Total equity and liabilities | 10/49 | €184,888 | €207,498 | +€22,610 | +12.2% |
| Equity | 10/15 | €168,195 | €185,450 | +€17,256 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,735 | €164,990 | +€17,256 | +11.7% |
| Amounts payable | 17/49 | €16,694 | €22,048 | +€5,354 | +32.1% |
| Amounts payable within one year | 42/48 | €15,933 | €22,048 | +€6,114 | +38.4% |
| Trade debts | 44 | €3,094 | €3,884 | +€790 | +25.5% |
| Suppliers | 440/4 | €3,094 | €3,884 | +€790 | +25.5% |
| Taxes, remuneration and social security | 45 | €12,839 | €18,163 | +€5,324 | +41.5% |
| Taxes | 450/3 | €12,839 | €18,163 | +€5,324 | +41.5% |
| Accrued charges and deferred income | 492/3 | €760 | - | -€760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,035 | - | -€1,035 | |
| Other operating charges | 640/8 | €929 | €862 | -€67 | -7.2% |
| Gross operating margin | 9900 | €36,072 | €25,083 | -€10,989 | -30.5% |
| Operating profit (loss) | 9901 | €34,108 | €24,221 | -€9,887 | -29.0% |
| Financial charges | 65/66B | €148 | €153 | +€5 | +3.4% |
| Recurring financial charges | 65 | €148 | €153 | +€5 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €33,960 | €24,068 | -€9,892 | -29.1% |
| Income taxes | 67/77 | €9,405 | €6,812 | -€2,593 | -27.6% |
| Profit (loss) for the period | 9904 | €24,555 | €17,256 | -€7,299 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,555 | €17,256 | -€7,299 | -29.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.