ALTONAY: 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.
ALTONAY
Largest movements
- Cash -€199,188
down €199,188 (-91.4%), from €217,843 to €18,655
mainly Receivables within one year (-€153,607) and Debts after one year (-€55,707)
- Receivables within one year +€153,607
up €153,607 (+105%), from €146,200 to €299,807
of which Other amounts receivable: +€139,424
- Tangible fixed assets -€38,519
down €38,519 (-4.6%), from €838,737 to €800,218
of which Land and buildings: -€38,733
- Debts after one year -€55,707
down €55,707 (-8.6%), from €650,946 to €595,239
of which Financial debts: -€72,807
- Profit (loss) carried forward -€29,374
down €29,374 (-3.2%), from €919,338 to €889,963
- Financial charges -€45,568
down €45,568 (-68.2%), from €66,856 to €21,288
- Taxes -€16,935
down €16,935 (-96.6%), from €17,529 to €594
- Depreciation -€6,906
down €6,906 (-10.3%), from €67,114 to €60,208
- Gross operating margin +€2,664
up €2,664 (+7.8%), from €34,010 to €36,674
- Provisions -€2,443
down €2,443 (-18.8%), from -€12,989 to -€15,432
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 | €1,869,405 | €1,787,082 | -€82,324 | -4.4% |
| Fixed assets | 21/28 | €1,502,737 | €1,464,218 | -€38,519 | -2.6% |
| Tangible fixed assets | 22/27 | €838,737 | €800,218 | -€38,519 | -4.6% |
| Land and buildings | 22 | €780,175 | €741,442 | -€38,733 | -5.0% |
| Plant, machinery and equipment | 23 | €13,297 | €14,405 | +€1,108 | +8.3% |
| Other tangible fixed assets | 26 | €45,265 | €44,371 | -€894 | -2.0% |
| Financial fixed assets | 28 | €664,000 | €664,000 | = | 0.0% |
| Current assets | 29/58 | €366,668 | €322,863 | -€43,805 | -11.9% |
| Amounts receivable within one year | 40/41 | €146,200 | €299,807 | +€153,607 | +105% |
| Trade receivables | 40 | €10,150 | €24,333 | +€14,183 | +140% |
| Other amounts receivable | 41 | €136,050 | €275,474 | +€139,424 | +102% |
| Cash at bank and in hand | 54/58 | €217,843 | €18,655 | -€199,188 | -91.4% |
| Deferred charges and accrued income | 490/1 | €2,625 | €4,401 | +€1,776 | +67.6% |
| Total equity and liabilities | 10/49 | €1,869,405 | €1,787,082 | -€82,324 | -4.4% |
| Equity | 10/15 | €939,789 | €910,415 | -€29,374 | -3.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €919,338 | €889,963 | -€29,374 | -3.2% |
| Provisions and deferred taxes | 16 | €194,910 | €179,478 | -€15,432 | -7.9% |
| Provisions for liabilities and charges | 160/5 | €194,910 | €179,478 | -€15,432 | -7.9% |
| Major repairs and maintenance | 162 | €29,127 | €13,695 | -€15,432 | -53.0% |
| Environmental obligations | 163 | €165,783 | €165,783 | = | 0.0% |
| Amounts payable | 17/49 | €734,706 | €697,189 | -€37,518 | -5.1% |
| Amounts payable after more than one year | 17 | €650,946 | €595,239 | -€55,707 | -8.6% |
| Financial debts | 170/4 | €649,466 | €576,659 | -€72,807 | -11.2% |
| Other amounts payable | 178/9 | €1,480 | €18,580 | +€17,100 | +1,155% |
| Amounts payable within one year | 42/48 | €74,796 | €89,307 | +€14,511 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €70,068 | €72,587 | +€2,520 | +3.6% |
| Financial debts | 43 | €9 | €1 | -€8 | -88.6% |
| Credit institutions | 430/8 | €9 | €1 | -€8 | -88.6% |
| Trade debts | 44 | €2,726 | €15,826 | +€13,101 | +481% |
| Suppliers | 440/4 | €2,726 | €15,826 | +€13,101 | +481% |
| Taxes, remuneration and social security | 45 | €1,994 | €893 | -€1,101 | -55.2% |
| Taxes | 450/3 | €1,994 | €893 | -€1,101 | -55.2% |
| Accrued charges and deferred income | 492/3 | €8,964 | €12,642 | +€3,678 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,114 | €60,208 | -€6,906 | -10.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,989 | -€15,432 | -€2,443 | -18.8% |
| Other operating charges | 640/8 | €10,300 | €9,821 | -€479 | -4.7% |
| Gross operating margin | 9900 | €34,010 | €36,674 | +€2,664 | +7.8% |
| Operating profit (loss) | 9901 | -€30,414 | -€17,923 | +€12,491 | +41.1% |
| Financial income | 75/76B | €11,978 | €10,431 | -€1,547 | -12.9% |
| Recurring financial income | 75 | €11,978 | €10,431 | -€1,547 | -12.9% |
| Financial charges | 65/66B | €66,856 | €21,288 | -€45,568 | -68.2% |
| Recurring financial charges | 65 | €66,856 | €21,288 | -€45,568 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | -€85,292 | -€28,780 | +€56,512 | +66.3% |
| Income taxes | 67/77 | €17,529 | €594 | -€16,935 | -96.6% |
| Profit (loss) for the period | 9904 | -€102,821 | -€29,374 | +€73,446 | +71.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,821 | -€29,374 | +€73,446 | +71.4% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.