ALTINTAS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€52,023
down €52,023 (-87.5%), from €59,477 to €7,454
mainly Tax, wage and social debts (-€50,883) and Debts after one year (-€39,226)
- Receivables within one year -€36,993
down €36,993 (-25.5%), from €145,347 to €108,354
of which Trade receivables: -€142,340
- Tangible fixed assets -€12,200
down €12,200 (-3.1%), from €390,534 to €378,334
of which Land and buildings: -€14,328
- Tax, wage and social debts -€50,883
down €50,883 (-51.4%), from €99,028 to €48,145
of which Taxes: -€54,083
- Debts after one year -€39,226
down €39,226 (-26.5%), from €148,185 to €108,959
- Profit (loss) carried forward +€27,684
up €27,684 (+12.4%), from €224,000 to €251,683
- Other debts -€25,127
down €25,127 (-50.7%), from €49,571 to €24,444
- Trade debts -€14,554
down €14,554 (-78.5%), from €18,547 to €3,993
- Gross operating margin -€95,329
down €95,329 (-50.1%), from €190,097 to €94,769
- Taxes -€28,212
down €28,212 (-60.8%), from €46,385 to €18,173
- Financial income +€4,654
up €4,654 (+5,171,111%), from €0 to €4,654
- Depreciation +€4,176
up €4,176 (+24.2%), from €17,266 to €21,442
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 | €597,468 | €496,909 | -€100,559 | -16.8% |
| Fixed assets | 21/28 | €390,634 | €378,436 | -€12,198 | -3.1% |
| Tangible fixed assets | 22/27 | €390,534 | €378,334 | -€12,200 | -3.1% |
| Land and buildings | 22 | €362,805 | €348,477 | -€14,328 | -3.9% |
| Furniture and vehicles | 24 | €15,522 | €19,062 | +€3,540 | +22.8% |
| Other tangible fixed assets | 26 | €12,206 | €10,794 | -€1,413 | -11.6% |
| Financial fixed assets | 28 | €100 | €102 | +€2 | +2.0% |
| Current assets | 29/58 | €206,834 | €118,474 | -€88,360 | -42.7% |
| Amounts receivable within one year | 40/41 | €145,347 | €108,354 | -€36,993 | -25.5% |
| Trade receivables | 40 | €145,340 | €3,000 | -€142,340 | -97.9% |
| Other amounts receivable | 41 | €7 | €105,354 | +€105,347 | +1,551,502% |
| Cash at bank and in hand | 54/58 | €59,477 | €7,454 | -€52,023 | -87.5% |
| Deferred charges and accrued income | 490/1 | €2,011 | €2,666 | +€656 | +32.6% |
| Total equity and liabilities | 10/49 | €597,468 | €496,909 | -€100,559 | -16.8% |
| Equity | 10/15 | €244,460 | €272,143 | +€27,684 | +11.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,000 | €251,683 | +€27,684 | +12.4% |
| Amounts payable | 17/49 | €353,008 | €224,766 | -€128,242 | -36.3% |
| Amounts payable after more than one year | 17 | €148,185 | €108,959 | -€39,226 | -26.5% |
| Financial debts | 170/4 | €148,185 | €108,959 | -€39,226 | -26.5% |
| Amounts payable within one year | 42/48 | €204,824 | €115,807 | -€89,016 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €37,678 | €39,226 | +€1,548 | +4.1% |
| Trade debts | 44 | €18,547 | €3,993 | -€14,554 | -78.5% |
| Suppliers | 440/4 | €18,547 | €3,993 | -€14,554 | -78.5% |
| Taxes, remuneration and social security | 45 | €99,028 | €48,145 | -€50,883 | -51.4% |
| Taxes | 450/3 | €87,028 | €32,945 | -€54,083 | -62.1% |
| Remuneration and social security | 454/9 | €12,000 | €15,200 | +€3,200 | +26.7% |
| Other amounts payable | 47/48 | €49,571 | €24,444 | -€25,127 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,266 | €21,442 | +€4,176 | +24.2% |
| Other operating charges | 640/8 | €3,171 | €3,716 | +€545 | +17.2% |
| Gross operating margin | 9900 | €190,097 | €94,769 | -€95,329 | -50.1% |
| Operating profit (loss) | 9901 | €169,660 | €69,610 | -€100,050 | -59.0% |
| Financial income | 75/76B | €0 | €4,654 | +€4,654 | +5,171,111% |
| Recurring financial income | 75 | €0 | €4,654 | +€4,654 | +5,171,111% |
| Financial charges | 65/66B | €8,856 | €7,207 | -€1,649 | -18.6% |
| Recurring financial charges | 65 | €8,856 | €7,207 | -€1,649 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €160,804 | €67,058 | -€93,747 | -58.3% |
| Income taxes | 67/77 | €46,385 | €18,173 | -€28,212 | -60.8% |
| Profit (loss) for the period | 9904 | €114,419 | €48,885 | -€65,535 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €114,419 | €48,885 | -€65,535 | -57.3% |
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 23 October 2026 via checked.be.