ALTA ESTATES: 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 ESTATES
Largest movements
- Stocks and contracts +€767,086
up €767,086 (+703%), from €109,167 to €876,253
- Receivables within one year -€40,964
down €40,964 (-11.9%), from €343,684 to €302,720
of which Other amounts receivable: -€97,806
- Short-term financial debts +€581,564
up €581,564 (+7,328%), from €7,936 to €589,500
- Trade debts +€98,989
up €98,989 (+69.3%), from €142,914 to €241,904
- Profit (loss) carried forward +€41,827
up €41,827 (+127%), from €32,976 to €74,803
- Advances received +€16,326
new in 2025: €16,326
- Tax, wage and social debts -€14,004
down €14,004 (-89.3%), from €15,676 to €1,672
of which Taxes: -€12,980
- Gross operating margin +€23,793
up €23,793 (+73.4%), from €32,429 to €56,222
- Depreciation -€7,781
down €7,781 (-42.5%), from €18,303 to €10,522
- Other operating charges -€3,016
down €3,016 (-89.8%), from €3,360 to €343
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 | €486,973 | €1,206,727 | +€719,753 | +148% |
| Fixed assets | 21/28 | €32,241 | €21,719 | -€10,522 | -32.6% |
| Tangible fixed assets | 22/27 | €30,761 | €20,239 | -€10,522 | -34.2% |
| Land and buildings | 22 | €10,629 | €6,777 | -€3,852 | -36.2% |
| Plant, machinery and equipment | 23 | €13,332 | €9,168 | -€4,163 | -31.2% |
| Furniture and vehicles | 24 | €6,462 | €4,293 | -€2,169 | -33.6% |
| Other tangible fixed assets | 26 | €338 | - | -€338 | |
| Financial fixed assets | 28 | €1,480 | €1,480 | = | 0.0% |
| Current assets | 29/58 | €454,733 | €1,185,008 | +€730,275 | +161% |
| Stocks and contracts in progress | 3 | €109,167 | €876,253 | +€767,086 | +703% |
| Stocks | 30/36 | €109,167 | €876,253 | +€767,086 | +703% |
| Amounts receivable within one year | 40/41 | €343,684 | €302,720 | -€40,964 | -11.9% |
| Trade receivables | 40 | €163,776 | €220,618 | +€56,842 | +34.7% |
| Other amounts receivable | 41 | €179,908 | €82,102 | -€97,806 | -54.4% |
| Cash at bank and in hand | 54/58 | €347 | €2,860 | +€2,513 | +723% |
| Deferred charges and accrued income | 490/1 | €1,535 | €3,175 | +€1,640 | +107% |
| Total equity and liabilities | 10/49 | €486,973 | €1,206,727 | +€719,753 | +148% |
| Equity | 10/15 | €41,031 | €82,858 | +€41,827 | +102% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,976 | €74,803 | +€41,827 | +127% |
| Amounts payable | 17/49 | €445,942 | €1,123,869 | +€677,926 | +152% |
| Amounts payable after more than one year | 17 | €24,476 | €19,391 | -€5,085 | -20.8% |
| Financial debts | 170/4 | €24,476 | €19,391 | -€5,085 | -20.8% |
| Amounts payable within one year | 42/48 | €421,467 | €1,104,478 | +€683,011 | +162% |
| Current portion of amounts payable after more than one year | 42 | €4,949 | €5,085 | +€136 | +2.7% |
| Financial debts | 43 | €7,936 | €589,500 | +€581,564 | +7,328% |
| Credit institutions | 430/8 | €7,936 | €589,500 | +€581,564 | +7,328% |
| Trade debts | 44 | €142,914 | €241,904 | +€98,989 | +69.3% |
| Suppliers | 440/4 | €142,914 | €241,904 | +€98,989 | +69.3% |
| Advances received on contracts in progress | 46 | - | €16,326 | +€16,326 | |
| Taxes, remuneration and social security | 45 | €15,676 | €1,672 | -€14,004 | -89.3% |
| Taxes | 450/3 | €14,652 | €1,672 | -€12,980 | -88.6% |
| Remuneration and social security | 454/9 | €1,024 | - | -€1,024 | |
| Other amounts payable | 47/48 | €249,991 | €249,991 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,303 | €10,522 | -€7,781 | -42.5% |
| Other operating charges | 640/8 | €3,360 | €343 | -€3,016 | -89.8% |
| Gross operating margin | 9900 | €32,429 | €56,222 | +€23,793 | +73.4% |
| Operating profit (loss) | 9901 | €10,766 | €45,357 | +€34,591 | +321% |
| Financial income | 75/76B | €142 | €0 | -€142 | -100.0% |
| Recurring financial income | 75 | €142 | €0 | -€142 | -100.0% |
| Financial charges | 65/66B | €3,587 | €3,414 | -€173 | -4.8% |
| Recurring financial charges | 65 | €3,587 | €3,414 | -€173 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €7,321 | €41,944 | +€34,622 | +473% |
| Income taxes | 67/77 | €106 | €116 | +€11 | +10.1% |
| Profit (loss) for the period | 9904 | €7,215 | €41,827 | +€34,612 | +480% |
| Profit (loss) for the period to be appropriated | 9905 | €7,215 | €41,827 | +€34,612 | +480% |
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 18 October 2026 via checked.be.