ALTAN VENTURE: 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.
ALTAN VENTURE
Largest movements
- Receivables within one year +€39,031
up €39,031 (+101%), from €38,694 to €77,725
of which Trade receivables: +€20,640
- Cash +€2,359
up €2,359 (+2,364%), from €100 to €2,459
mainly Net result for the year (+€38,382) and Tax, wage and social debts (+€12,128)
- Deferred charges and accrued income +€1,324
up €1,324 (+121%), from €1,097 to €2,420
- Reserves +€38,897
up €38,897 (+194%), from €20,000 to €58,897
- Tax, wage and social debts +€12,128
up €12,128 (+75.8%), from €16,005 to €28,133
- Trade debts -€4,972
down €4,972 (-42.6%), from €11,669 to €6,697
- Other debts -€3,400
down €3,400 (-100%), from €3,400 to €0
- Short-term financial debts +€1,335
up €1,335 (+70.8%), from €1,885 to €3,220
- Gross operating margin +€27,798
up €27,798 (+120%), from €23,083 to €50,882
- Taxes +€5,425
up €5,425 (+87.4%), from €6,204 to €11,629
- Financial income -€948
down €948 (-28.3%), from €3,355 to €2,407
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 | €56,688 | €99,947 | +€43,259 | +76.3% |
| Fixed assets | 21/28 | €297 | €842 | +€545 | +183% |
| Tangible fixed assets | 22/27 | €297 | €842 | +€545 | +183% |
| Plant, machinery and equipment | 23 | €297 | €842 | +€545 | +183% |
| Current assets | 29/58 | €56,391 | €99,105 | +€42,714 | +75.7% |
| Amounts receivable after more than one year | 29 | €16,500 | €16,500 | = | 0.0% |
| Other amounts receivable | 291 | €16,500 | €16,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,694 | €77,725 | +€39,031 | +101% |
| Trade receivables | 40 | €17,619 | €38,259 | +€20,640 | +117% |
| Other amounts receivable | 41 | €21,075 | €39,466 | +€18,392 | +87.3% |
| Cash at bank and in hand | 54/58 | €100 | €2,459 | +€2,359 | +2,364% |
| Deferred charges and accrued income | 490/1 | €1,097 | €2,420 | +€1,324 | +121% |
| Total equity and liabilities | 10/49 | €56,688 | €99,947 | +€43,259 | +76.3% |
| Equity | 10/15 | €23,515 | €61,897 | +€38,382 | +163% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €58,897 | +€38,897 | +194% |
| Distributable reserves | 133 | €20,000 | €58,897 | +€38,897 | +194% |
| Profit (loss) carried forward | 14 | €515 | €0 | -€515 | -100% |
| Amounts payable | 17/49 | €33,173 | €38,050 | +€4,877 | +14.7% |
| Amounts payable within one year | 42/48 | €32,959 | €38,050 | +€5,091 | +15.4% |
| Financial debts | 43 | €1,885 | €3,220 | +€1,335 | +70.8% |
| Credit institutions | 430/8 | €1,885 | €3,220 | +€1,335 | +70.8% |
| Trade debts | 44 | €11,669 | €6,697 | -€4,972 | -42.6% |
| Suppliers | 440/4 | €11,669 | €6,697 | -€4,972 | -42.6% |
| Taxes, remuneration and social security | 45 | €16,005 | €28,133 | +€12,128 | +75.8% |
| Taxes | 450/3 | €16,005 | €28,133 | +€12,128 | +75.8% |
| Other amounts payable | 47/48 | €3,400 | €0 | -€3,400 | -100% |
| Accrued charges and deferred income | 492/3 | €214 | €0 | -€214 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457 | €672 | +€214 | +46.9% |
| Other operating charges | 640/8 | €753 | €1,160 | +€408 | +54.2% |
| Gross operating margin | 9900 | €23,083 | €50,882 | +€27,798 | +120% |
| Operating profit (loss) | 9901 | €21,873 | €49,050 | +€27,176 | +124% |
| Financial income | 75/76B | €3,355 | €2,407 | -€948 | -28.3% |
| Recurring financial income | 75 | €3,355 | €2,407 | -€948 | -28.3% |
| Financial charges | 65/66B | €1,471 | €1,446 | -€25 | -1.7% |
| Recurring financial charges | 65 | €1,471 | €1,446 | -€25 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €23,758 | €50,011 | +€26,253 | +111% |
| Income taxes | 67/77 | €6,204 | €11,629 | +€5,425 | +87.4% |
| Profit (loss) for the period | 9904 | €17,553 | €38,382 | +€20,829 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €17,553 | €38,382 | +€20,829 | +119% |
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 24 October 2026 via checked.be.