ALTRA-IMMO: 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-IMMO
Largest movements
- Cash +€1.1m
up €1.1m (+10,685%), from €10,617 to €1.1m
mainly Investment in fixed assets (net) (+€992,405) and Net result for the year (+€909,554)
- Tangible fixed assets -€1.0m
down €1.0m (-65.0%), from €1.6m to €556,475
of which Land and buildings: -€1.1m
- Receivables after one year +€1.0m
new in 2025: €1.0m
- Reserves +€909,554
up €909,554 (+77.7%), from €1.2m to €2.1m
of which Distributable reserves: +€909,554
- Tax, wage and social debts +€192,468
up €192,468 (+5,712%), from €3,370 to €195,837
- Gross operating margin +€1.2m
up €1.2m, from -€58,547 to €1.1m
- Taxes +€191,400
up €191,400 (+73,980%), from €259 to €191,659
- Financial income +€16,250
up €16,250, from €0 to €16,250
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 | €1,599,598 | €2,725,281 | +€1.1m | +70.4% |
| Fixed assets | 21/28 | €1,588,980 | €556,723 | -€1.0m | -65.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,588,732 | €556,475 | -€1.0m | -65.0% |
| Land and buildings | 22 | €1,556,220 | €488,057 | -€1.1m | -68.6% |
| Plant, machinery and equipment | 23 | €11,785 | €17,534 | +€5,749 | +48.8% |
| Furniture and vehicles | 24 | €20,728 | €50,884 | +€30,156 | +145% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €10,617 | €2,168,558 | +€2.2m | +20,325% |
| Amounts receivable after more than one year | 29 | - | €1,000,000 | +€1.0m | |
| Other amounts receivable | 291 | - | €1,000,000 | +€1.0m | |
| Amounts receivable within one year | 40/41 | €0 | €16,250 | +€16,250 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €16,250 | +€16,250 | |
| Cash at bank and in hand | 54/58 | €10,617 | €1,145,112 | +€1.1m | +10,685% |
| Deferred charges and accrued income | 490/1 | - | €7,196 | +€7,196 | |
| Total equity and liabilities | 10/49 | €1,599,598 | €2,725,281 | +€1.1m | +70.4% |
| Equity | 10/15 | €1,531,401 | €2,440,955 | +€909,554 | +59.4% |
| Contributions | 10/11 | €361,500 | €361,500 | = | 0.0% |
| Capital | 10 | €361,500 | €361,500 | = | 0.0% |
| Issued capital | 100 | €361,500 | €361,500 | = | 0.0% |
| Reserves | 13 | €1,169,901 | €2,079,455 | +€909,554 | +77.7% |
| Non-distributable reserves | 130/1 | €20,007 | €20,007 | = | 0.0% |
| Legal reserve | 130 | €20,007 | €20,007 | = | 0.0% |
| Distributable reserves | 133 | €1,149,893 | €2,059,447 | +€909,554 | +79.1% |
| Amounts payable | 17/49 | €68,197 | €284,326 | +€216,129 | +317% |
| Amounts payable within one year | 42/48 | €65,067 | €281,186 | +€216,119 | +332% |
| Trade debts | 44 | €8,546 | €9,843 | +€1,297 | +15.2% |
| Suppliers | 440/4 | €8,546 | €9,843 | +€1,297 | +15.2% |
| Taxes, remuneration and social security | 45 | €3,370 | €195,837 | +€192,468 | +5,712% |
| Taxes | 450/3 | €3,370 | €195,837 | +€192,468 | +5,712% |
| Other amounts payable | 47/48 | €53,151 | €75,505 | +€22,355 | +42.1% |
| Accrued charges and deferred income | 492/3 | €3,130 | €3,140 | +€10 | +0.3% |
| Non-recurring operating income | 76A | - | €1,197,568 | +€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,493 | €39,853 | -€10,641 | -21.1% |
| Other operating charges | 640/8 | €12,896 | €13,467 | +€571 | +4.4% |
| Gross operating margin | 9900 | -€58,547 | €1,147,942 | +€1.2m | |
| Operating profit (loss) | 9901 | -€121,936 | €1,094,622 | +€1.2m | |
| Financial income | 75/76B | €0 | €16,250 | +€16,250 | |
| Recurring financial income | 75 | €0 | €16,250 | +€16,250 | |
| Financial charges | 65/66B | €6,107 | €9,659 | +€3,553 | +58.2% |
| Recurring financial charges | 65 | €6,107 | €9,659 | +€3,553 | +58.2% |
| Profit (loss) for the period before taxes | 9903 | -€128,043 | €1,101,213 | +€1.2m | |
| Income taxes | 67/77 | €259 | €191,659 | +€191,400 | +73,980% |
| Profit (loss) for the period | 9904 | -€128,301 | €909,554 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€128,301 | €909,554 | +€1.0m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.