AALTRA: 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.
AALTRA
Largest movements
- Receivables within one year -€135,650
down €135,650 (-18.2%), from €746,280 to €610,629
of which Trade receivables: -€135,734
- Tangible fixed assets -€36,501
down €36,501 (-7.3%), from €503,299 to €466,798
of which Land and buildings: -€25,214
- Reserves -€159,191
down €159,191 (-22.4%), from €710,383 to €551,192
of which Distributable reserves: -€159,191
- Current portion of long-term debt +€47,513
up €47,513 (+62.5%), from €75,980 to €123,492
- Debts after one year -€40,731
down €40,731 (-14.7%), from €277,456 to €236,725
- Accrued charges and deferred income +€22,197
up €22,197 (+836.6%), from €2,653 to €24,850
- Trade debts -€20,903
down €20,903 (-11.0%), from €190,292 to €169,389
- Staff costs +€341,169
up €341,169 (+31.1%), from €1.1m to €1.4m
- Gross operating margin -€110,742
down €110,742 (-7.6%), from €1.5m to €1.3m
- Taxes -€80,598
down €80,598 (-98.8%), from €81,543 to €944
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.
Cash bridge derived
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 | €1,476,289 | €1,306,429 | -€169,860 | -11.5% |
| Fixed assets | 21/28 | €503,299 | €466,798 | -€36,501 | -7.3% |
| Tangible fixed assets | 22/27 | €503,299 | €466,798 | -€36,501 | -7.3% |
| Land and buildings | 22 | €447,779 | €422,565 | -€25,214 | -5.6% |
| Plant, machinery and equipment | 23 | €5,439 | €3,916 | -€1,524 | -28.0% |
| Furniture and vehicles | 24 | €50,081 | €40,318 | -€9,763 | -19.5% |
| Current assets | 29/58 | €972,989 | €839,630 | -€133,359 | -13.7% |
| Amounts receivable within one year | 40/41 | €746,280 | €610,629 | -€135,650 | -18.2% |
| Trade receivables | 40 | €716,363 | €580,629 | -€135,734 | -18.9% |
| Other amounts receivable | 41 | €29,916 | €30,000 | +€84 | +0.3% |
| Cash at bank and in hand | 54/58 | €226,273 | €228,723 | +€2,450 | +1.1% |
| Deferred charges and accrued income | 490/1 | €437 | €278 | -€159 | -36.5% |
| Total equity and liabilities | 10/49 | €1,476,289 | €1,306,429 | -€169,860 | -11.5% |
| Equity | 10/15 | €718,383 | €559,192 | -€159,191 | -22.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €710,383 | €551,192 | -€159,191 | -22.4% |
| Tax-exempt reserves | 132 | €84,913 | €84,913 | = | 0.0% |
| Distributable reserves | 133 | €625,470 | €466,278 | -€159,191 | -25.5% |
| Amounts payable | 17/49 | €757,906 | €747,237 | -€10,669 | -1.4% |
| Amounts payable after more than one year | 17 | €277,456 | €236,725 | -€40,731 | -14.7% |
| Financial debts | 170/4 | €277,456 | €236,725 | -€40,731 | -14.7% |
| Amounts payable within one year | 42/48 | €477,797 | €485,662 | +€7,865 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €75,980 | €123,492 | +€47,513 | +62.5% |
| Financial debts | 43 | €37,818 | €23,607 | -€14,211 | -37.6% |
| Credit institutions | 430/8 | €4,901 | €13,607 | +€8,706 | +177.6% |
| Other loans | 439 | €32,917 | €10,000 | -€22,917 | -69.6% |
| Trade debts | 44 | €190,292 | €169,389 | -€20,903 | -11.0% |
| Suppliers | 440/4 | €190,292 | €169,389 | -€20,903 | -11.0% |
| Taxes, remuneration and social security | 45 | €167,693 | €167,336 | -€356 | -0.2% |
| Taxes | 450/3 | €100,925 | €92,663 | -€8,262 | -8.2% |
| Remuneration and social security | 454/9 | €66,767 | €74,673 | +€7,906 | +11.8% |
| Other amounts payable | 47/48 | €6,014 | €1,837 | -€4,177 | -69.5% |
| Accrued charges and deferred income | 492/3 | €2,653 | €24,850 | +€22,197 | +836.6% |
| Remuneration, social security and pensions | 62 | €1,097,873 | €1,439,042 | +€341,169 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,633 | €49,742 | +€4,109 | +9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11 | - | -€11 | |
| Other operating charges | 640/8 | €10,004 | €4,262 | -€5,742 | -57.4% |
| Gross operating margin | 9900 | €1,456,145 | €1,345,403 | -€110,742 | -7.6% |
| Operating profit (loss) | 9901 | €302,624 | -€147,644 | -€450,268 | |
| Financial income | 75/76B | €425 | €159 | -€265 | -62.5% |
| Recurring financial income | 75 | €425 | €159 | -€265 | -62.5% |
| Financial charges | 65/66B | €9,491 | €10,762 | +€1,272 | +13.4% |
| Recurring financial charges | 65 | €9,491 | €10,762 | +€1,272 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €293,558 | -€158,247 | -€451,805 | |
| Income taxes | 67/77 | €81,543 | €944 | -€80,598 | -98.8% |
| Profit (loss) for the period | 9904 | €212,016 | -€159,191 | -€371,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €212,016 | -€159,191 | -€371,207 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.