ALTRA: 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.
ALTRA
Largest movements
- Financial fixed assets +€1.7m
up €1.7m (+779,817%), from €218 to €1.7m
- Receivables after one year +€293,551
up €293,551 (+587%), from €50,000 to €343,551
- Receivables within one year -€141,759
down €141,759 (-16.6%), from €855,867 to €714,108
of which Other amounts receivable: -€198,611
- Tangible fixed assets +€125,260
up €125,260 (+89.6%), from €139,788 to €265,048
of which Land and buildings: +€127,575
- Cash -€64,297
down €64,297 (-47.4%), from €135,687 to €71,389
mainly Investment in fixed assets (net) (-€1.9m) and Receivables after one year (-€293,551)
- Contributions +€1.4m
up €1.4m (+2,258%), from €62,000 to €1.5m
- Other debts +€188,400
up €188,400 (+157%), from €120,000 to €308,400
- Debts after one year +€125,958
up €125,958 (+331%), from €38,091 to €164,049
- Trade debts +€114,183
up €114,183 (+23.8%), from €479,172 to €593,356
- Short-term financial debts +€50,000
up €50,000 (+27.9%), from €179,250 to €229,250
- Gross operating margin -€227,078
down €227,078 (-30.5%), from €744,918 to €517,839
- Staff costs -€112,793
down €112,793 (-22.3%), from €504,855 to €392,063
- Taxes -€34,323
down €34,323 (-76.7%), from €44,772 to €10,449
- Depreciation +€24,933
up €24,933 (+49.1%), from €50,734 to €75,667
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 | €1,391,063 | €3,264,779 | +€1.9m | +135% |
| Formation expenses | 20 | - | €8,370 | +€8,370 | |
| Fixed assets | 21/28 | €140,006 | €1,965,266 | +€1.8m | +1,304% |
| Tangible fixed assets | 22/27 | €139,788 | €265,048 | +€125,260 | +89.6% |
| Land and buildings | 22 | €12,006 | €139,580 | +€127,575 | +1,063% |
| Plant, machinery and equipment | 23 | €76,616 | €66,496 | -€10,121 | -13.2% |
| Furniture and vehicles | 24 | €19,682 | €35,258 | +€15,576 | +79.1% |
| Leasing and similar rights | 25 | €27,854 | €21,553 | -€6,301 | -22.6% |
| Other tangible fixed assets | 26 | €3,631 | €2,160 | -€1,470 | -40.5% |
| Financial fixed assets | 28 | €218 | €1,700,218 | +€1.7m | +779,817% |
| Current assets | 29/58 | €1,251,056 | €1,291,143 | +€40,087 | +3.2% |
| Amounts receivable after more than one year | 29 | €50,000 | €343,551 | +€293,551 | +587% |
| Other amounts receivable | 291 | €50,000 | €343,551 | +€293,551 | +587% |
| Stocks and contracts in progress | 3 | €199,808 | €162,095 | -€37,713 | -18.9% |
| Stocks | 30/36 | €199,808 | €162,095 | -€37,713 | -18.9% |
| Amounts receivable within one year | 40/41 | €855,867 | €714,108 | -€141,759 | -16.6% |
| Trade receivables | 40 | €631,874 | €688,725 | +€56,851 | +9.0% |
| Other amounts receivable | 41 | €223,993 | €25,383 | -€198,611 | -88.7% |
| Cash at bank and in hand | 54/58 | €135,687 | €71,389 | -€64,297 | -47.4% |
| Deferred charges and accrued income | 490/1 | €9,694 | - | -€9,694 | |
| Total equity and liabilities | 10/49 | €1,391,063 | €3,264,779 | +€1.9m | +135% |
| Equity | 10/15 | €462,781 | €1,863,849 | +€1.4m | +303% |
| Contributions | 10/11 | €62,000 | €1,462,000 | +€1.4m | +2,258% |
| Capital | 10 | €62,000 | €1,462,000 | +€1.4m | +2,258% |
| Issued capital | 100 | €62,000 | €1,462,000 | +€1.4m | +2,258% |
| Reserves | 13 | €244,053 | €244,758 | +€705 | +0.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,905 | +€705 | +11.4% |
| Legal reserve | 130 | €6,200 | €6,905 | +€705 | +11.4% |
| Distributable reserves | 133 | €237,853 | €237,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,729 | €157,091 | +€363 | +0.2% |
| Amounts payable | 17/49 | €928,281 | €1,400,930 | +€472,649 | +50.9% |
| Amounts payable after more than one year | 17 | €38,091 | €164,049 | +€125,958 | +331% |
| Financial debts | 170/4 | €38,091 | €164,049 | +€125,958 | +331% |
| Amounts payable within one year | 42/48 | €887,051 | €1,236,881 | +€349,831 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €17,833 | €34,754 | +€16,921 | +94.9% |
| Financial debts | 43 | €179,250 | €229,250 | +€50,000 | +27.9% |
| Credit institutions | 430/8 | €179,250 | €229,250 | +€50,000 | +27.9% |
| Trade debts | 44 | €479,172 | €593,356 | +€114,183 | +23.8% |
| Suppliers | 440/4 | €479,172 | €593,356 | +€114,183 | +23.8% |
| Taxes, remuneration and social security | 45 | €90,795 | €71,121 | -€19,673 | -21.7% |
| Taxes | 450/3 | €35,706 | €29,012 | -€6,694 | -18.7% |
| Remuneration and social security | 454/9 | €55,089 | €42,109 | -€12,980 | -23.6% |
| Other amounts payable | 47/48 | €120,000 | €308,400 | +€188,400 | +157% |
| Accrued charges and deferred income | 492/3 | €3,140 | - | -€3,140 | |
| Remuneration, social security and pensions | 62 | €504,855 | €392,063 | -€112,793 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,734 | €75,667 | +€24,933 | +49.1% |
| Other operating charges | 640/8 | €3,202 | €535 | -€2,667 | -83.3% |
| Gross operating margin | 9900 | €744,918 | €517,839 | -€227,078 | -30.5% |
| Operating profit (loss) | 9901 | €186,127 | €49,575 | -€136,552 | -73.4% |
| Financial income | 75/76B | €2,222 | €3,851 | +€1,629 | +73.3% |
| Recurring financial income | 75 | €668 | €2,719 | +€2,050 | +307% |
| Non-recurring financial income | 76B | €1,554 | €1,132 | -€422 | -27.1% |
| Financial charges | 65/66B | €27,752 | €28,909 | +€1,157 | +4.2% |
| Recurring financial charges | 65 | €16,982 | €28,909 | +€11,927 | +70.2% |
| Non-recurring financial charges | 66B | €10,770 | - | -€10,770 | |
| Profit (loss) for the period before taxes | 9903 | €160,597 | €24,516 | -€136,080 | -84.7% |
| Income taxes | 67/77 | €44,772 | €10,449 | -€34,323 | -76.7% |
| Profit (loss) for the period | 9904 | €115,825 | €14,068 | -€101,757 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,825 | €14,068 | -€101,757 | -87.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.