ALTA BUILD: 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.
ALTA BUILD
Largest movements
- Stocks and contracts -€148,092
down €148,092 (-9.2%), from €1.6m to €1.5m
of which Stocks: -€474,000
- Cash -€125,000
down €125,000 (-59.7%), from €209,441 to €84,441
mainly Net result for the year (-€675,337) and Trade debts (-€118,117)
- Tangible fixed assets -€35,642
down €35,642 (-57.9%), from €61,515 to €25,873
of which Furniture and vehicles: -€29,324
- Profit (loss) carried forward -€675,337
down €675,337 (-71.0%), from -€951,339 to -€1.6m
- Other debts +€493,399
up €493,399 (+119.9%), from €411,549 to €904,948
- Trade debts -€118,117
down €118,117 (-67.8%), from €174,134 to €56,017
- Turnover -€3.1m
down €3.1m (-86.1%), from €3.6m to €502,626
- Purchases and services -€1.8m
down €1.8m (-71.7%), from €2.5m to €700,467
- Gross operating margin -€582,545
down €582,545, from €260,692 to -€321,852
- Financial charges -€78,086
down €78,086 (-62.6%), from €124,652 to €46,566
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 | €1,933,432 | €1,620,248 | -€313,184 | -16.2% |
| Fixed assets | 21/28 | €61,515 | €25,873 | -€35,642 | -57.9% |
| Tangible fixed assets | 22/27 | €61,515 | €25,873 | -€35,642 | -57.9% |
| Plant, machinery and equipment | 23 | €5,498 | €4,198 | -€1,300 | -23.7% |
| Furniture and vehicles | 24 | €40,140 | €10,817 | -€29,324 | -73.1% |
| Other tangible fixed assets | 26 | €15,877 | €10,859 | -€5,018 | -31.6% |
| Current assets | 29/58 | €1,871,917 | €1,594,375 | -€277,541 | -14.8% |
| Stocks and contracts in progress | 3 | €1,606,141 | €1,458,049 | -€148,092 | -9.2% |
| Stocks | 30/36 | €1,309,000 | €835,000 | -€474,000 | -36.2% |
| Contracts in progress | 37 | €297,141 | €623,049 | +€325,908 | +109.7% |
| Amounts receivable within one year | 40/41 | €48,922 | €44,369 | -€4,553 | -9.3% |
| Trade receivables | 40 | - | €18,957 | +€18,957 | |
| Other amounts receivable | 41 | €48,922 | €25,412 | -€23,510 | -48.1% |
| Cash at bank and in hand | 54/58 | €209,441 | €84,441 | -€125,000 | -59.7% |
| Deferred charges and accrued income | 490/1 | €7,413 | €7,517 | +€104 | +1.4% |
| Total equity and liabilities | 10/49 | €1,933,432 | €1,620,248 | -€313,184 | -16.2% |
| Equity | 10/15 | -€199,256 | -€874,593 | -€675,337 | -338.9% |
| Contributions | 10/11 | €93,750 | €93,750 | = | 0.0% |
| Capital | 10 | €93,750 | €93,750 | = | 0.0% |
| Issued capital | 100 | €93,750 | €93,750 | = | 0.0% |
| Reserves | 13 | €658,333 | €658,333 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,375 | €9,375 | = | 0.0% |
| Legal reserve | 130 | €9,375 | €9,375 | = | 0.0% |
| Distributable reserves | 133 | €648,958 | €648,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€951,339 | -€1,626,676 | -€675,337 | -71.0% |
| Amounts payable | 17/49 | €2,132,687 | €2,494,841 | +€362,154 | +17.0% |
| Amounts payable after more than one year | 17 | €824,830 | €822,275 | -€2,555 | -0.3% |
| Financial debts | 170/4 | €824,830 | €822,275 | -€2,555 | -0.3% |
| Amounts payable within one year | 42/48 | €1,307,857 | €1,671,076 | +€363,219 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €18,613 | €2,555 | -€16,058 | -86.3% |
| Financial debts | 43 | €668,000 | €660,072 | -€7,928 | -1.2% |
| Credit institutions | 430/8 | €18,000 | €10,072 | -€7,928 | -44.0% |
| Other loans | 439 | €650,000 | €650,000 | = | 0.0% |
| Trade debts | 44 | €174,134 | €56,017 | -€118,117 | -67.8% |
| Suppliers | 440/4 | €174,134 | €56,017 | -€118,117 | -67.8% |
| Advances received on contracts in progress | 46 | - | €14,450 | +€14,450 | |
| Taxes, remuneration and social security | 45 | €35,562 | €33,034 | -€2,528 | -7.1% |
| Taxes | 450/3 | €6,548 | €3,437 | -€3,112 | -47.5% |
| Remuneration and social security | 454/9 | €29,013 | €29,597 | +€584 | +2.0% |
| Other amounts payable | 47/48 | €411,549 | €904,948 | +€493,399 | +119.9% |
| Accrued charges and deferred income | 492/3 | - | €1,490 | +€1,490 | |
| Turnover | 70 | €3,618,053 | €502,626 | -€3.1m | -86.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,476,860 | €700,467 | -€1.8m | -71.7% |
| Remuneration, social security and pensions | 62 | €260,505 | €267,595 | +€7,090 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,727 | €36,772 | +€45 | +0.1% |
| Other operating charges | 640/8 | €12,275 | €1,868 | -€10,407 | -84.8% |
| Gross operating margin | 9900 | €260,692 | -€321,852 | -€582,545 | |
| Operating profit (loss) | 9901 | -€48,815 | -€628,087 | -€579,273 | -1186.7% |
| Financial income | 75/76B | €1 | €236 | +€235 | +22170.8% |
| Recurring financial income | 75 | €1 | €236 | +€235 | +22170.8% |
| Financial charges | 65/66B | €124,652 | €46,566 | -€78,086 | -62.6% |
| Recurring financial charges | 65 | €124,652 | €46,566 | -€78,086 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | -€173,465 | -€674,417 | -€500,952 | -288.8% |
| Income taxes | 67/77 | €964 | €921 | -€44 | -4.5% |
| Profit (loss) for the period | 9904 | -€174,429 | -€675,337 | -€500,908 | -287.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€174,429 | -€675,337 | -€500,908 | -287.2% |
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 11 October 2026 via checked.be.