A.L.T.K.: 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.
What changed
A.L.T.K.
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€16,616
2024 · €11,592+€5,025
Equity
€616,249
2024 · €599,632+€16,616
Cash
€444
2024 · €1,427-€982
Balance sheet total
€796,313
2024 · €817,392-€21,079
Largest movements
Assets
- Tangible fixed assets -€20,133
down €20,133 (-5.9%), from €341,579 to €321,446
of which Land and buildings: -€19,840
Equity and liabilities
- Other debts -€20,777
down €20,777 (-15.4%), from €134,718 to €113,941
- Profit (loss) carried forward +€19,858
up €19,858 (+514%), from €3,865 to €23,723
- Debts after one year -€13,602
down €13,602 (-53.4%), from €25,462 to €11,860
Income statement
- Depreciation -€4,373
down €4,373 (-17.8%), from €24,506 to €20,133
- Gross operating margin +€2,232
up €2,232 (+5.0%), from €44,283 to €46,515
- Financial charges +€1,161
up €1,161 (+102%), from €1,136 to €2,297
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.
Result 2024
€11,592
Gross operating margin
+€2,232
Depreciation
+€4,373
Other operating charges
-€423
Financial income
+€5
Financial charges
-€1,161
Taxes
-€1
Result 2025
€16,616
raises the resultlowers the result
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.
From operations
+€11,850
Investment
€0
Financing
-€12,832
Cash 2024
€1,427
From operations (derived)
+€11,850
Net result for the year
+€16,616
Depreciation
+€20,133
Receivables within one year
+€57
Deferred charges and accrued income
-€94
Provisions
-€1,081
Trade debts
-€1,827
Other debts
-€20,777
Accrued charges and deferred income
-€1,179
Financing
-€12,832
Debts after one year
-€13,602
Current portion of long-term debt
+€770
Cash 2025
€444
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €817,392 | €796,313 | -€21,079 | -2.6% |
| Fixed assets | 21/28 | €341,579 | €321,446 | -€20,133 | -5.9% |
| Tangible fixed assets | 22/27 | €341,579 | €321,446 | -€20,133 | -5.9% |
| Land and buildings | 22 | €339,808 | €319,968 | -€19,840 | -5.8% |
| Plant, machinery and equipment | 23 | €1,771 | €1,478 | -€293 | -16.5% |
| Current assets | 29/58 | €475,813 | €474,867 | -€946 | -0.2% |
| Amounts receivable within one year | 40/41 | €62 | €5 | -€57 | -91.9% |
| Trade receivables | 40 | €57 | - | -€57 | |
| Other amounts receivable | 41 | €5 | €5 | = | 0.0% |
| Current investments | 50/53 | €472,108 | €472,108 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,427 | €444 | -€982 | -68.9% |
| Deferred charges and accrued income | 490/1 | €2,216 | €2,309 | +€94 | +4.2% |
| Total equity and liabilities | 10/49 | €817,392 | €796,313 | -€21,079 | -2.6% |
| Equity | 10/15 | €599,632 | €616,249 | +€16,616 | +2.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €577,217 | €573,976 | -€3,242 | -0.6% |
| Non-distributable reserves | 130/1 | €488,608 | €472,108 | -€16,500 | -3.4% |
| Reserves not available under the articles | 1311 | €16,500 | - | -€16,500 | |
| Own shares acquired | 1312 | €472,108 | €472,108 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,609 | €85,368 | -€3,242 | -3.7% |
| Distributable reserves | 133 | - | €16,500 | +€16,500 | |
| Profit (loss) carried forward | 14 | €3,865 | €23,723 | +€19,858 | +514% |
| Provisions and deferred taxes | 16 | €29,536 | €28,456 | -€1,081 | -3.7% |
| Deferred taxes | 168 | €29,536 | €28,456 | -€1,081 | -3.7% |
| Amounts payable | 17/49 | €188,223 | €151,609 | -€36,614 | -19.5% |
| Amounts payable after more than one year | 17 | €25,462 | €11,860 | -€13,602 | -53.4% |
| Financial debts | 170/4 | €25,462 | €11,860 | -€13,602 | -53.4% |
| Amounts payable within one year | 42/48 | €155,954 | €134,121 | -€21,833 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €12,461 | €13,231 | +€770 | +6.2% |
| Trade debts | 44 | €8,775 | €6,948 | -€1,827 | -20.8% |
| Suppliers | 440/4 | €8,775 | €6,948 | -€1,827 | -20.8% |
| Other amounts payable | 47/48 | €134,718 | €113,941 | -€20,777 | -15.4% |
| Accrued charges and deferred income | 492/3 | €6,807 | €5,628 | -€1,179 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,506 | €20,133 | -€4,373 | -17.8% |
| Other operating charges | 640/8 | €8,130 | €8,553 | +€423 | +5.2% |
| Gross operating margin | 9900 | €44,283 | €46,515 | +€2,232 | +5.0% |
| Operating profit (loss) | 9901 | €11,647 | €17,829 | +€6,182 | +53.1% |
| Financial income | 75/76B | €0 | €5 | +€5 | +2,255% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +2,255% |
| Financial charges | 65/66B | €1,136 | €2,297 | +€1,161 | +102% |
| Recurring financial charges | 65 | €1,136 | €2,297 | +€1,161 | +102% |
| Profit (loss) for the period before taxes | 9903 | €10,511 | €15,537 | +€5,026 | +47.8% |
| Transfer from deferred taxes | 780 | €1,081 | €1,081 | = | 0.0% |
| Income taxes | 67/77 | €0 | €2 | +€1 | +2,114% |
| Profit (loss) for the period | 9904 | €11,592 | €16,616 | +€5,025 | +43.3% |
| Transfer from tax-exempt reserves | 789 | €3,242 | €3,242 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,833 | €19,858 | +€5,025 | +33.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.