ALTINTAS GROUP: 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.
ALTINTAS GROUP
Largest movements
- Tangible fixed assets -€4,976
down €4,976 (-21.2%), from €23,497 to €18,522
- Stocks and contracts -€2,027
down €2,027 (-75.8%), from €2,675 to €648
- Receivables within one year +€1,451
up €1,451 (+53.6%), from €2,706 to €4,157
of which Trade receivables: +€1,455
- Cash +€1,023
up €1,023 (+32.5%), from €3,152 to €4,175
mainly Net result for the year (+€18,713) and Depreciation (+€4,976)
- Other debts -€24,089
down €24,089 (-69.1%), from €34,880 to €10,791
- Profit (loss) carried forward +€18,713
up €18,713, from -€14,234 to €4,479
- Tax, wage and social debts +€1,937
up €1,937 (+195%), from €993 to €2,931
of which Taxes: +€1,488
- Trade debts -€963
down €963 (-9.9%), from €9,754 to €8,791
- Gross operating margin +€48,665
up €48,665 (+2,976%), from €1,635 to €50,301
- Staff costs +€9,719
up €9,719 (+76.2%), from €12,761 to €22,479
- Depreciation +€2,470
up €2,470 (+98.6%), from €2,505 to €4,976
- Financial charges +€2,145
up €2,145 (+425%), from €505 to €2,650
- Taxes +€1,000
new in 2024: €1,000
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 | €32,692 | €28,192 | -€4,500 | -13.8% |
| Fixed assets | 21/28 | €23,497 | €18,522 | -€4,976 | -21.2% |
| Tangible fixed assets | 22/27 | €23,497 | €18,522 | -€4,976 | -21.2% |
| Plant, machinery and equipment | 23 | €23,497 | €18,522 | -€4,976 | -21.2% |
| Current assets | 29/58 | €9,194 | €9,670 | +€476 | +5.2% |
| Stocks and contracts in progress | 3 | €2,675 | €648 | -€2,027 | -75.8% |
| Stocks | 30/36 | €2,675 | €648 | -€2,027 | -75.8% |
| Amounts receivable within one year | 40/41 | €2,706 | €4,157 | +€1,451 | +53.6% |
| Trade receivables | 40 | €2,702 | €4,157 | +€1,455 | +53.8% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €3,152 | €4,175 | +€1,023 | +32.5% |
| Deferred charges and accrued income | 490/1 | €661 | €690 | +€29 | +4.3% |
| Total equity and liabilities | 10/49 | €32,692 | €28,192 | -€4,500 | -13.8% |
| Equity | 10/15 | -€13,734 | €4,979 | +€18,713 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,234 | €4,479 | +€18,713 | |
| Amounts payable | 17/49 | €46,426 | €23,213 | -€23,213 | -50.0% |
| Amounts payable within one year | 42/48 | €45,627 | €22,513 | -€23,114 | -50.7% |
| Trade debts | 44 | €9,754 | €8,791 | -€963 | -9.9% |
| Suppliers | 440/4 | €9,754 | €8,791 | -€963 | -9.9% |
| Taxes, remuneration and social security | 45 | €993 | €2,931 | +€1,937 | +195% |
| Taxes | 450/3 | - | €1,488 | +€1,488 | |
| Remuneration and social security | 454/9 | €993 | €1,443 | +€450 | +45.3% |
| Other amounts payable | 47/48 | €34,880 | €10,791 | -€24,089 | -69.1% |
| Accrued charges and deferred income | 492/3 | €799 | €700 | -€99 | -12.4% |
| Remuneration, social security and pensions | 62 | €12,761 | €22,479 | +€9,719 | +76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,505 | €4,976 | +€2,470 | +98.6% |
| Other operating charges | 640/8 | €99 | €483 | +€384 | +389% |
| Gross operating margin | 9900 | €1,635 | €50,301 | +€48,665 | +2,976% |
| Operating profit (loss) | 9901 | -€13,729 | €22,363 | +€36,092 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €505 | €2,650 | +€2,145 | +425% |
| Recurring financial charges | 65 | €505 | €2,650 | +€2,145 | +425% |
| Profit (loss) for the period before taxes | 9903 | -€14,234 | €19,713 | +€33,947 | |
| Income taxes | 67/77 | - | €1,000 | +€1,000 | |
| Profit (loss) for the period | 9904 | -€14,234 | €18,713 | +€32,947 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,234 | €18,713 | +€32,947 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.