ALTALA SHIPPING: 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.
ALTALA SHIPPING
Largest movements
- Tangible fixed assets -€297,148
down €297,148 (-8.0%), from €3.7m to €3.4m
of which Other tangible fixed assets: -€287,462
- Receivables after one year +€170,000
up €170,000 (+31.5%), from €540,000 to €710,000
- Cash -€159,302
down €159,302 (-24.2%), from €657,900 to €498,598
mainly Debts after one year (-€307,114) and Receivables after one year (-€170,000)
- Receivables within one year +€53,656
up €53,656 (+42.7%), from €125,535 to €179,190
of which Other amounts receivable: +€48,406
- Debts after one year -€307,114
down €307,114 (-7.5%), from €4.1m to €3.8m
- Reserves +€81,570
up €81,570 (+42.1%), from €193,880 to €275,450
- Gross operating margin +€48,113
up €48,113 (+9.3%), from €518,692 to €566,805
- Taxes +€24,392
up €24,392 (+125.3%), from €19,466 to €43,858
- Financial charges -€13,774
down €13,774 (-9.6%), from €142,998 to €129,224
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 | €5,045,041 | €4,805,821 | -€239,220 | -4.7% |
| Fixed assets | 21/28 | €3,711,841 | €3,414,693 | -€297,148 | -8.0% |
| Tangible fixed assets | 22/27 | €3,711,841 | €3,414,693 | -€297,148 | -8.0% |
| Furniture and vehicles | 24 | €80,314 | €70,628 | -€9,686 | -12.1% |
| Other tangible fixed assets | 26 | €3,631,527 | €3,344,065 | -€287,462 | -7.9% |
| Current assets | 29/58 | €1,333,200 | €1,391,128 | +€57,928 | +4.3% |
| Amounts receivable after more than one year | 29 | €540,000 | €710,000 | +€170,000 | +31.5% |
| Other amounts receivable | 291 | €540,000 | €710,000 | +€170,000 | +31.5% |
| Amounts receivable within one year | 40/41 | €125,535 | €179,190 | +€53,656 | +42.7% |
| Trade receivables | 40 | €108,750 | €114,000 | +€5,250 | +4.8% |
| Other amounts receivable | 41 | €16,785 | €65,190 | +€48,406 | +288.4% |
| Cash at bank and in hand | 54/58 | €657,900 | €498,598 | -€159,302 | -24.2% |
| Deferred charges and accrued income | 490/1 | €9,765 | €3,339 | -€6,426 | -65.8% |
| Total equity and liabilities | 10/49 | €5,045,041 | €4,805,821 | -€239,220 | -4.7% |
| Equity | 10/15 | €537,543 | €619,115 | +€81,572 | +15.2% |
| Contributions | 10/11 | €342,600 | €342,600 | = | 0.0% |
| Reserves | 13 | €193,880 | €275,450 | +€81,570 | +42.1% |
| Distributable reserves | 133 | €193,880 | €275,450 | +€81,570 | +42.1% |
| Profit (loss) carried forward | 14 | €1,063 | €1,065 | +€2 | +0.2% |
| Amounts payable | 17/49 | €4,507,498 | €4,186,706 | -€320,792 | -7.1% |
| Amounts payable after more than one year | 17 | €4,104,554 | €3,797,440 | -€307,114 | -7.5% |
| Financial debts | 170/4 | €4,104,554 | €3,797,440 | -€307,114 | -7.5% |
| Amounts payable within one year | 42/48 | €345,948 | €346,767 | +€819 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €315,217 | €307,114 | -€8,104 | -2.6% |
| Trade debts | 44 | €11,618 | €23,110 | +€11,492 | +98.9% |
| Suppliers | 440/4 | €11,618 | €23,110 | +€11,492 | +98.9% |
| Taxes, remuneration and social security | 45 | €19,112 | €16,543 | -€2,569 | -13.4% |
| Taxes | 450/3 | €19,112 | €16,543 | -€2,569 | -13.4% |
| Accrued charges and deferred income | 492/3 | €56,996 | €42,499 | -€14,497 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324,935 | €325,787 | +€852 | +0.3% |
| Other operating charges | 640/8 | €6,677 | €4,120 | -€2,557 | -38.3% |
| Gross operating margin | 9900 | €518,692 | €566,805 | +€48,113 | +9.3% |
| Operating profit (loss) | 9901 | €187,080 | €236,898 | +€49,818 | +26.6% |
| Financial income | 75/76B | €14,515 | €17,756 | +€3,241 | +22.3% |
| Recurring financial income | 75 | €14,515 | €17,756 | +€3,241 | +22.3% |
| Financial charges | 65/66B | €142,998 | €129,224 | -€13,774 | -9.6% |
| Recurring financial charges | 65 | €142,998 | €129,224 | -€13,774 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €58,597 | €125,430 | +€66,833 | +114.1% |
| Income taxes | 67/77 | €19,466 | €43,858 | +€24,392 | +125.3% |
| Profit (loss) for the period | 9904 | €39,131 | €81,572 | +€42,441 | +108.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,131 | €81,572 | +€42,441 | +108.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.