ALTA VIA: 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 VIA
Largest movements
- Receivables within one year +€4,898
up €4,898 (+22.7%), from €21,625 to €26,523
of which Other amounts receivable: +€4,958
- Tangible fixed assets -€4,105
down €4,105 (-19.7%), from €20,797 to €16,692
of which Furniture and vehicles: -€3,751
- Cash +€2,187
up €2,187 (+71.2%), from €3,071 to €5,258
mainly Trade debts (+€6,763) and Depreciation (+€5,640)
- Trade debts +€6,763
up €6,763 (+41.0%), from €16,487 to €23,250
- Debts after one year -€4,040
down €4,040 (-32.0%), from €12,626 to €8,586
- Tax, wage and social debts +€1,839
up €1,839 (+31.9%), from €5,762 to €7,602
of which Remuneration and social security: +€986
- Short-term financial debts -€1,656
down €1,656 (-11.1%), from €14,924 to €13,268
- Gross operating margin +€6,553
up €6,553 (+30.6%), from €21,403 to €27,956
- Taxes +€2,346
up €2,346 (+979%), from €240 to €2,586
- Other operating charges -€1,385
down €1,385 (-38.3%), from €3,620 to €2,235
- Staff costs +€329
up €329 (+2.1%), from €15,770 to €16,100
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 | €120,891 | €123,127 | +€2,236 | +1.8% |
| Fixed assets | 21/28 | €21,235 | €17,129 | -€4,105 | -19.3% |
| Tangible fixed assets | 22/27 | €20,797 | €16,692 | -€4,105 | -19.7% |
| Land and buildings | 22 | €521 | €167 | -€354 | -68.0% |
| Furniture and vehicles | 24 | €20,277 | €16,526 | -€3,751 | -18.5% |
| Financial fixed assets | 28 | €437 | €437 | = | 0.0% |
| Current assets | 29/58 | €99,656 | €105,997 | +€6,341 | +6.4% |
| Stocks and contracts in progress | 3 | €74,960 | €74,216 | -€744 | -1.0% |
| Stocks | 30/36 | €74,960 | €74,216 | -€744 | -1.0% |
| Amounts receivable within one year | 40/41 | €21,625 | €26,523 | +€4,898 | +22.7% |
| Trade receivables | 40 | €7,174 | €7,114 | -€60 | -0.8% |
| Other amounts receivable | 41 | €14,450 | €19,408 | +€4,958 | +34.3% |
| Cash at bank and in hand | 54/58 | €3,071 | €5,258 | +€2,187 | +71.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €120,891 | €123,127 | +€2,236 | +1.8% |
| Equity | 10/15 | €66,308 | €65,114 | -€1,194 | -1.8% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,308 | €45,114 | -€1,194 | -2.6% |
| Amounts payable | 17/49 | €54,583 | €58,013 | +€3,430 | +6.3% |
| Amounts payable after more than one year | 17 | €12,626 | €8,586 | -€4,040 | -32.0% |
| Financial debts | 170/4 | €12,626 | €8,586 | -€4,040 | -32.0% |
| Amounts payable within one year | 42/48 | €41,054 | €48,160 | +€7,106 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €3,881 | €4,040 | +€160 | +4.1% |
| Financial debts | 43 | €14,924 | €13,268 | -€1,656 | -11.1% |
| Credit institutions | 430/8 | €14,924 | €13,268 | -€1,656 | -11.1% |
| Trade debts | 44 | €16,487 | €23,250 | +€6,763 | +41.0% |
| Suppliers | 440/4 | €16,487 | €23,250 | +€6,763 | +41.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,762 | €7,602 | +€1,839 | +31.9% |
| Taxes | 450/3 | €2,183 | €3,036 | +€853 | +39.1% |
| Remuneration and social security | 454/9 | €3,579 | €4,565 | +€986 | +27.5% |
| Accrued charges and deferred income | 492/3 | €902 | €1,267 | +€364 | +40.4% |
| Remuneration, social security and pensions | 62 | €15,770 | €16,100 | +€329 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,649 | €5,640 | -€8 | -0.1% |
| Other operating charges | 640/8 | €3,620 | €2,235 | -€1,385 | -38.3% |
| Gross operating margin | 9900 | €21,403 | €27,956 | +€6,553 | +30.6% |
| Operating profit (loss) | 9901 | -€3,636 | €3,981 | +€7,617 | |
| Financial income | 75/76B | €414 | €544 | +€130 | +31.4% |
| Recurring financial income | 75 | €414 | €544 | +€130 | +31.4% |
| Financial charges | 65/66B | €3,088 | €3,133 | +€45 | +1.5% |
| Recurring financial charges | 65 | €3,088 | €3,133 | +€45 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,310 | €1,392 | +€7,702 | |
| Income taxes | 67/77 | €240 | €2,586 | +€2,346 | +979% |
| Profit (loss) for the period | 9904 | -€6,550 | -€1,194 | +€5,356 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,550 | -€1,194 | +€5,356 | +81.8% |
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 27 October 2026 via checked.be.