ALTAR RENOVATIONS: 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.
ALTAR RENOVATIONS
Largest movements
- Cash +€21,341
up €21,341 (+384%), from €5,556 to €26,897
mainly Advances received (+€48,524) and Net result for the year (+€23,341)
- Stocks and contracts +€20,266
new in 2024: €20,266
- Tangible fixed assets +€3,641
up €3,641 (+629%), from €579 to €4,220
of which Furniture and vehicles: +€2,677
- Advances received +€48,524
up €48,524 (+882%), from €5,500 to €54,024
- Tax, wage and social debts -€8,885
down €8,885 (-91.4%), from €9,719 to €835
of which Remuneration and social security: -€4,810
- Profit (loss) carried forward +€3,341
up €3,341 (+103%), from €3,250 to €6,591
- Trade debts +€2,648
up €2,648 (+655%), from €404 to €3,052
- Purchases and services -€339,059
no longer reported in 2024 (was €339,059)
- Turnover -€337,846
no longer reported in 2024 (was €337,846)
- Gross operating margin +€24,529
up €24,529, from -€996 to €23,533
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,474 | €98,331 | +€45,857 | +87.4% |
| Fixed assets | 21/28 | €579 | €4,220 | +€3,641 | +629% |
| Tangible fixed assets | 22/27 | €579 | €4,220 | +€3,641 | +629% |
| Plant, machinery and equipment | 23 | - | €964 | +€964 | |
| Furniture and vehicles | 24 | €579 | €3,255 | +€2,677 | +463% |
| Current assets | 29/58 | €51,895 | €94,111 | +€42,216 | +81.3% |
| Stocks and contracts in progress | 3 | - | €20,266 | +€20,266 | |
| Stocks | 30/36 | - | €20,266 | +€20,266 | |
| Amounts receivable within one year | 40/41 | €46,339 | €46,557 | +€218 | +0.5% |
| Trade receivables | 40 | €14,100 | €13,136 | -€964 | -6.8% |
| Other amounts receivable | 41 | €32,239 | €33,421 | +€1,182 | +3.7% |
| Cash at bank and in hand | 54/58 | €5,556 | €26,897 | +€21,341 | +384% |
| Deferred charges and accrued income | 490/1 | - | €391 | +€391 | |
| Total equity and liabilities | 10/49 | €52,474 | €98,331 | +€45,857 | +87.4% |
| Equity | 10/15 | €36,850 | €40,191 | +€3,341 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,250 | €6,591 | +€3,341 | +103% |
| Amounts payable | 17/49 | €15,624 | €58,140 | +€42,516 | +272% |
| Amounts payable within one year | 42/48 | €15,624 | €58,140 | +€42,516 | +272% |
| Trade debts | 44 | €404 | €3,052 | +€2,648 | +655% |
| Suppliers | 440/4 | €404 | €3,052 | +€2,648 | +655% |
| Advances received on contracts in progress | 46 | €5,500 | €54,024 | +€48,524 | +882% |
| Taxes, remuneration and social security | 45 | €9,719 | €835 | -€8,885 | -91.4% |
| Taxes | 450/3 | €4,909 | €835 | -€4,075 | -83.0% |
| Remuneration and social security | 454/9 | €4,810 | - | -€4,810 | |
| Other amounts payable | 47/48 | - | €229 | +€229 | |
| Turnover | 70 | €337,846 | - | -€337,846 | |
| Goods, raw materials, services and sundry goods | 60/61 | €339,059 | - | -€339,059 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | €701 | +€264 | +60.6% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | - | €66 | +€66 | |
| Gross operating margin | 9900 | -€996 | €23,533 | +€24,529 | |
| Operating profit (loss) | 9901 | -€1,817 | €22,379 | +€24,196 | |
| Financial income | 75/76B | €2,378 | €2,022 | -€356 | -15.0% |
| Recurring financial income | 75 | €2,378 | €2,022 | -€356 | -15.0% |
| Financial charges | 65/66B | €232 | €225 | -€7 | -3.0% |
| Recurring financial charges | 65 | €232 | €225 | -€7 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €329 | €24,175 | +€23,846 | +7,248% |
| Income taxes | 67/77 | €70 | €835 | +€764 | +1,088% |
| Profit (loss) for the period | 9904 | €259 | €23,341 | +€23,082 | +8,920% |
| Profit (loss) for the period to be appropriated | 9905 | €259 | €23,341 | +€23,082 | +8,920% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.