AL-TA GROUP: 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.
AL-TA GROUP
Largest movements
- Deferred charges and accrued income +€30,333
new in 2025: €30,333
- Cash +€30,204
up €30,204 (+165%), from €18,262 to €48,466
mainly Other debts (+€50,845) and Trade debts (+€45,796)
- Receivables within one year +€29,218
up €29,218 (+81.5%), from €35,871 to €65,088
of which Trade receivables: +€49,864
- Tangible fixed assets +€7,305
up €7,305 (+1.5%), from €485,192 to €492,497
of which Plant, machinery and equipment: +€11,329
- Other debts +€50,845
up €50,845 (+58,396%), from €87 to €50,932
- Trade debts +€45,796
up €45,796 (+630%), from €7,266 to €53,062
- Debts after one year -€23,224
down €23,224 (-5.1%), from €453,122 to €429,898
of which Financial debts: -€23,224
- Reserves +€21,500
up €21,500 (+48.9%), from €44,000 to €65,500
- Depreciation -€19,769
down €19,769 (-36.1%), from €54,738 to €34,969
- Financial charges +€7,435
up €7,435 (+54.7%), from €13,588 to €21,023
- Gross operating margin -€5,838
down €5,838 (-6.4%), from €91,062 to €85,223
- Taxes +€2,370
up €2,370 (+66.5%), from €3,564 to €5,934
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 | €545,841 | €646,002 | +€100,160 | +18.3% |
| Fixed assets | 21/28 | €485,192 | €492,497 | +€7,305 | +1.5% |
| Tangible fixed assets | 22/27 | €485,192 | €492,497 | +€7,305 | +1.5% |
| Land and buildings | 22 | €462,344 | €457,521 | -€4,823 | -1.0% |
| Plant, machinery and equipment | 23 | €21,095 | €32,424 | +€11,329 | +53.7% |
| Furniture and vehicles | 24 | €1,754 | €2,553 | +€799 | +45.5% |
| Current assets | 29/58 | €60,649 | €153,505 | +€92,855 | +153% |
| Stocks and contracts in progress | 3 | €6,517 | €9,617 | +€3,101 | +47.6% |
| Stocks | 30/36 | €6,517 | €9,617 | +€3,101 | +47.6% |
| Amounts receivable within one year | 40/41 | €35,871 | €65,088 | +€29,218 | +81.5% |
| Trade receivables | 40 | €4,350 | €54,214 | +€49,864 | +1,146% |
| Other amounts receivable | 41 | €31,521 | €10,874 | -€20,647 | -65.5% |
| Cash at bank and in hand | 54/58 | €18,262 | €48,466 | +€30,204 | +165% |
| Deferred charges and accrued income | 490/1 | - | €30,333 | +€30,333 | |
| Total equity and liabilities | 10/49 | €545,841 | €646,002 | +€100,160 | +18.3% |
| Equity | 10/15 | €46,587 | €68,375 | +€21,788 | +46.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €44,000 | €65,500 | +€21,500 | +48.9% |
| Distributable reserves | 133 | €44,000 | €65,500 | +€21,500 | +48.9% |
| Profit (loss) carried forward | 14 | €87 | €375 | +€288 | +332% |
| Amounts payable | 17/49 | €499,255 | €577,627 | +€78,372 | +15.7% |
| Amounts payable after more than one year | 17 | €453,122 | €429,898 | -€23,224 | -5.1% |
| Financial debts | 170/4 | €452,272 | €429,048 | -€23,224 | -5.1% |
| Other amounts payable | 178/9 | €850 | €850 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,133 | €147,729 | +€101,596 | +220% |
| Current portion of amounts payable after more than one year | 42 | €18,602 | €24,725 | +€6,122 | +32.9% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Credit institutions | 430/8 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €7,266 | €53,062 | +€45,796 | +630% |
| Suppliers | 440/4 | €7,266 | €53,062 | +€45,796 | +630% |
| Advances received on contracts in progress | 46 | - | €1,472 | +€1,472 | |
| Taxes, remuneration and social security | 45 | €5,177 | €2,539 | -€2,639 | -51.0% |
| Taxes | 450/3 | €5,177 | €2,539 | -€2,639 | -51.0% |
| Other amounts payable | 47/48 | €87 | €50,932 | +€50,845 | +58,396% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,738 | €34,969 | -€19,769 | -36.1% |
| Other operating charges | 640/8 | €1,561 | €1,509 | -€51 | -3.3% |
| Non-recurring operating charges | 66A | €3,648 | - | -€3,648 | |
| Gross operating margin | 9900 | €91,062 | €85,223 | -€5,838 | -6.4% |
| Operating profit (loss) | 9901 | €31,115 | €48,745 | +€17,630 | +56.7% |
| Financial income | 75/76B | €66 | - | -€66 | |
| Recurring financial income | 75 | €66 | - | -€66 | |
| Financial charges | 65/66B | €13,588 | €21,023 | +€7,435 | +54.7% |
| Recurring financial charges | 65 | €13,588 | €21,023 | +€7,435 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €17,593 | €27,722 | +€10,129 | +57.6% |
| Income taxes | 67/77 | €3,564 | €5,934 | +€2,370 | +66.5% |
| Profit (loss) for the period | 9904 | €14,029 | €21,788 | +€7,759 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,029 | €21,788 | +€7,759 | +55.3% |
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 15 October 2026 via checked.be.