ALTA-VINA: 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-VINA
Largest movements
- Tangible fixed assets -€15,748
down €15,748 (-70.1%), from €22,450 to €6,702
of which Furniture and vehicles: -€14,896
- Cash -€12,602
down €12,602 (-57.9%), from €21,762 to €9,159
mainly Trade debts (-€52,705) and Debts after one year (-€27,149)
- Intangible fixed assets -€12,500
down €12,500 (-66.7%), from €18,733 to €6,233
- Stocks and contracts +€7,520
up €7,520 (+10.1%), from €74,553 to €82,073
of which Stocks: +€82,073
- Receivables within one year -€2,057
down €2,057 (-8.7%), from €23,578 to €21,521
of which Other amounts receivable: -€5,018
- Trade debts -€52,705
down €52,705 (-68.9%), from €76,489 to €23,784
- Other debts +€45,088
up €45,088 (+274.1%), from €16,447 to €61,534
- Debts after one year -€27,149
down €27,149 (-60.6%), from €44,796 to €17,647
- Profit (loss) carried forward +€11,878
up €11,878 (+21.9%), from -€54,359 to -€42,481
- Tax, wage and social debts -€7,517
down €7,517 (-41.4%), from €18,177 to €10,659
of which Taxes: -€7,504
- Gross operating margin +€44,925
up €44,925, from -€1,077 to €43,847
- Depreciation -€5,586
down €5,586 (-28.8%), from €19,366 to €13,780
- Staff costs -€2,222
down €2,222 (-24.5%), from €9,078 to €6,856
- Financial charges +€1,740
up €1,740 (+83.8%), from €2,076 to €3,817
- Other operating charges +€1,695
up €1,695 (+240.1%), from €706 to €2,401
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 | €161,724 | €125,815 | -€35,910 | -22.2% |
| Fixed assets | 21/28 | €41,183 | €12,935 | -€28,248 | -68.6% |
| Intangible fixed assets | 21 | €18,733 | €6,233 | -€12,500 | -66.7% |
| Tangible fixed assets | 22/27 | €22,450 | €6,702 | -€15,748 | -70.1% |
| Plant, machinery and equipment | 23 | €2,898 | €2,046 | -€852 | -29.4% |
| Furniture and vehicles | 24 | €19,553 | €4,656 | -€14,896 | -76.2% |
| Current assets | 29/58 | €120,541 | €112,880 | -€7,661 | -6.4% |
| Stocks and contracts in progress | 3 | €74,553 | €82,073 | +€7,520 | +10.1% |
| Stocks | 30/36 | - | €82,073 | +€82,073 | |
| Contracts in progress | 37 | €74,553 | - | -€74,553 | |
| Amounts receivable within one year | 40/41 | €23,578 | €21,521 | -€2,057 | -8.7% |
| Trade receivables | 40 | €18,547 | €21,507 | +€2,961 | +16.0% |
| Other amounts receivable | 41 | €5,031 | €13 | -€5,018 | -99.7% |
| Cash at bank and in hand | 54/58 | €21,762 | €9,159 | -€12,602 | -57.9% |
| Deferred charges and accrued income | 490/1 | €649 | €127 | -€522 | -80.4% |
| Total equity and liabilities | 10/49 | €161,724 | €125,815 | -€35,910 | -22.2% |
| Equity | 10/15 | -€15,991 | -€4,113 | +€11,878 | +74.3% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €368 | €368 | = | 0.0% |
| Distributable reserves | 133 | €368 | €368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,359 | -€42,481 | +€11,878 | +21.9% |
| Amounts payable | 17/49 | €177,715 | €129,928 | -€47,787 | -26.9% |
| Amounts payable after more than one year | 17 | €44,796 | €17,647 | -€27,149 | -60.6% |
| Financial debts | 170/4 | €44,796 | €17,647 | -€27,149 | -60.6% |
| Amounts payable within one year | 42/48 | €132,919 | €112,281 | -€20,638 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €21,800 | €16,083 | -€5,717 | -26.2% |
| Financial debts | 43 | €7 | €220 | +€213 | +2964.5% |
| Credit institutions | 430/8 | €7 | €220 | +€213 | +2964.5% |
| Trade debts | 44 | €76,489 | €23,784 | -€52,705 | -68.9% |
| Suppliers | 440/4 | €76,489 | €23,784 | -€52,705 | -68.9% |
| Taxes, remuneration and social security | 45 | €18,177 | €10,659 | -€7,517 | -41.4% |
| Taxes | 450/3 | €18,079 | €10,575 | -€7,504 | -41.5% |
| Remuneration and social security | 454/9 | €97 | €84 | -€13 | -13.6% |
| Other amounts payable | 47/48 | €16,447 | €61,534 | +€45,088 | +274.1% |
| Remuneration, social security and pensions | 62 | €9,078 | €6,856 | -€2,222 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,366 | €13,780 | -€5,586 | -28.8% |
| Other operating charges | 640/8 | €706 | €2,401 | +€1,695 | +240.1% |
| Non-recurring operating charges | 66A | €7,700 | €5,286 | -€2,414 | -31.4% |
| Gross operating margin | 9900 | -€1,077 | €43,847 | +€44,925 | |
| Operating profit (loss) | 9901 | -€37,927 | €15,524 | +€53,451 | |
| Financial income | 75/76B | €130 | €170 | +€40 | +30.4% |
| Recurring financial income | 75 | €130 | €170 | +€40 | +30.4% |
| Financial charges | 65/66B | €2,076 | €3,817 | +€1,740 | +83.8% |
| Recurring financial charges | 65 | €2,076 | €3,817 | +€1,740 | +83.8% |
| Profit (loss) for the period before taxes | 9903 | -€39,873 | €11,878 | +€51,751 | |
| Income taxes | 67/77 | €42 | - | -€42 | |
| Profit (loss) for the period | 9904 | -€39,915 | €11,878 | +€51,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,915 | €11,878 | +€51,793 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.