ALTAVINA: 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.
ALTAVINA
Largest movements
- Tangible fixed assets -€11,131
down €11,131 (-4.0%), from €275,229 to €264,097
of which Land and buildings: -€9,284
- Current portion of long-term debt -€28,182
down €28,182 (-74.6%), from €37,777 to €9,595
- Other debts +€20,833
up €20,833 (+22.1%), from €94,354 to €115,187
- Debts after one year -€9,595
down €9,595 (-100%), from €9,595 to €0
- Accrued charges and deferred income +€8,094
up €8,094 (+51.2%), from €15,809 to €23,903
- Profit (loss) carried forward -€3,575
down €3,575 (-15.1%), from €23,628 to €20,053
- Gross operating margin +€11,681
up €11,681 (+123%), from €9,478 to €21,159
- Financial charges +€1,751
up €1,751 (+24.5%), from €7,153 to €8,903
- Other operating charges +€401
up €401 (+26.4%), from €1,520 to €1,921
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 | €283,728 | €269,477 | -€14,251 | -5.0% |
| Fixed assets | 21/28 | €275,229 | €264,097 | -€11,131 | -4.0% |
| Tangible fixed assets | 22/27 | €275,229 | €264,097 | -€11,131 | -4.0% |
| Land and buildings | 22 | €269,484 | €260,201 | -€9,284 | -3.4% |
| Furniture and vehicles | 24 | €5,744 | €3,897 | -€1,847 | -32.2% |
| Current assets | 29/58 | €8,499 | €5,379 | -€3,120 | -36.7% |
| Amounts receivable within one year | 40/41 | €880 | €329 | -€551 | -62.7% |
| Trade receivables | 40 | €880 | €147 | -€733 | -83.3% |
| Other amounts receivable | 41 | - | €181 | +€181 | |
| Cash at bank and in hand | 54/58 | €5,114 | €3,706 | -€1,408 | -27.5% |
| Deferred charges and accrued income | 490/1 | €2,505 | €1,344 | -€1,161 | -46.3% |
| Total equity and liabilities | 10/49 | €283,728 | €269,477 | -€14,251 | -5.0% |
| Equity | 10/15 | €122,637 | €119,062 | -€3,575 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,409 | €80,409 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,549 | €78,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,628 | €20,053 | -€3,575 | -15.1% |
| Amounts payable | 17/49 | €161,090 | €150,415 | -€10,676 | -6.6% |
| Amounts payable after more than one year | 17 | €9,595 | €0 | -€9,595 | -100% |
| Financial debts | 170/4 | €9,595 | €0 | -€9,595 | -100% |
| Amounts payable within one year | 42/48 | €135,686 | €126,512 | -€9,175 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €37,777 | €9,595 | -€28,182 | -74.6% |
| Trade debts | 44 | €1,240 | €1,063 | -€177 | -14.3% |
| Suppliers | 440/4 | €1,240 | €1,063 | -€177 | -14.3% |
| Taxes, remuneration and social security | 45 | €2,316 | €667 | -€1,648 | -71.2% |
| Taxes | 450/3 | €2,316 | €667 | -€1,648 | -71.2% |
| Other amounts payable | 47/48 | €94,354 | €115,187 | +€20,833 | +22.1% |
| Accrued charges and deferred income | 492/3 | €15,809 | €23,903 | +€8,094 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,929 | €11,131 | +€202 | +1.8% |
| Other operating charges | 640/8 | €1,520 | €1,921 | +€401 | +26.4% |
| Gross operating margin | 9900 | €9,478 | €21,159 | +€11,681 | +123% |
| Operating profit (loss) | 9901 | -€2,971 | €8,106 | +€11,077 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €7,153 | €8,903 | +€1,751 | +24.5% |
| Recurring financial charges | 65 | €7,153 | €8,903 | +€1,751 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,124 | -€797 | +€9,327 | +92.1% |
| Income taxes | 67/77 | €225 | €228 | +€3 | +1.2% |
| Profit (loss) for the period | 9904 | -€10,349 | -€1,025 | +€9,324 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,349 | -€1,025 | +€9,324 | +90.1% |
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 15 October 2026 via checked.be.