ALTRANS: 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.
ALTRANS
Largest movements
- Tangible fixed assets -€378,211
down €378,211 (-11.8%), from €3.2m to €2.8m
of which Furniture and vehicles: -€374,607
- Receivables within one year +€43,867
up €43,867 (+27.0%), from €162,274 to €206,141
of which Trade receivables: +€63,286
- Debts after one year -€395,887
down €395,887 (-49.8%), from €795,119 to €399,232
- Reserves +€220,947
up €220,947 (+16.6%), from €1.3m to €1.6m
of which Distributable reserves: +€220,947
- Current portion of long-term debt -€162,354
down €162,354 (-29.1%), from €558,247 to €395,893
- Trade debts -€39,742
down €39,742 (-49.3%), from €80,650 to €40,909
- Gross operating margin -€131,275
down €131,275 (-13.7%), from €956,214 to €824,938
- Depreciation -€124,865
down €124,865 (-25.0%), from €499,550 to €374,685
- Financial charges -€14,936
down €14,936 (-22.9%), from €65,224 to €50,289
- Other operating charges +€10,013
up €10,013 (+39.8%), from €25,181 to €35,193
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 | €3,390,225 | €3,035,691 | -€354,533 | -10.5% |
| Fixed assets | 21/28 | €3,207,276 | €2,828,425 | -€378,851 | -11.8% |
| Tangible fixed assets | 22/27 | €3,206,366 | €2,828,155 | -€378,211 | -11.8% |
| Land and buildings | 22 | €10,584 | €6,980 | -€3,604 | -34.0% |
| Furniture and vehicles | 24 | €3,195,781 | €2,821,175 | -€374,607 | -11.7% |
| Financial fixed assets | 28 | €910 | €270 | -€640 | -70.3% |
| Current assets | 29/58 | €182,949 | €207,266 | +€24,317 | +13.3% |
| Amounts receivable within one year | 40/41 | €162,274 | €206,141 | +€43,867 | +27.0% |
| Trade receivables | 40 | €142,685 | €205,971 | +€63,286 | +44.4% |
| Other amounts receivable | 41 | €19,589 | €170 | -€19,419 | -99.1% |
| Cash at bank and in hand | 54/58 | €3,850 | €0 | -€3,850 | -100% |
| Deferred charges and accrued income | 490/1 | €16,825 | €1,126 | -€15,699 | -93.3% |
| Total equity and liabilities | 10/49 | €3,390,225 | €3,035,691 | -€354,533 | -10.5% |
| Equity | 10/15 | €1,394,750 | €1,615,697 | +€220,947 | +15.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €1,329,750 | €1,550,697 | +€220,947 | +16.6% |
| Non-distributable reserves | 130/1 | €7,409 | €7,409 | = | 0.0% |
| Legal reserve | 130 | €7,409 | €7,409 | = | 0.0% |
| Distributable reserves | 133 | €1,322,341 | €1,543,288 | +€220,947 | +16.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,995,474 | €1,419,994 | -€575,480 | -28.8% |
| Amounts payable after more than one year | 17 | €795,119 | €399,232 | -€395,887 | -49.8% |
| Financial debts | 170/4 | €795,119 | €399,232 | -€395,887 | -49.8% |
| Amounts payable within one year | 42/48 | €1,199,894 | €1,020,291 | -€179,604 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €558,247 | €395,893 | -€162,354 | -29.1% |
| Financial debts | 43 | €0 | €1,509 | +€1,509 | |
| Credit institutions | 430/8 | €0 | €1,509 | +€1,509 | |
| Trade debts | 44 | €80,650 | €40,909 | -€39,742 | -49.3% |
| Suppliers | 440/4 | €80,650 | €40,909 | -€39,742 | -49.3% |
| Taxes, remuneration and social security | 45 | €96,026 | €119,984 | +€23,958 | +25.0% |
| Taxes | 450/3 | €82,086 | €105,557 | +€23,470 | +28.6% |
| Remuneration and social security | 454/9 | €13,939 | €14,427 | +€488 | +3.5% |
| Other amounts payable | 47/48 | €464,972 | €461,996 | -€2,976 | -0.6% |
| Accrued charges and deferred income | 492/3 | €460 | €471 | +€11 | +2.4% |
| Non-recurring operating income | 76A | €118,378 | €145,064 | +€26,686 | +22.5% |
| Remuneration, social security and pensions | 62 | €62,935 | €58,529 | -€4,406 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499,550 | €374,685 | -€124,865 | -25.0% |
| Other operating charges | 640/8 | €25,181 | €35,193 | +€10,013 | +39.8% |
| Non-recurring operating charges | 66A | €4,725 | €11,563 | +€6,838 | +145% |
| Gross operating margin | 9900 | €956,214 | €824,938 | -€131,275 | -13.7% |
| Operating profit (loss) | 9901 | €363,823 | €344,968 | -€18,855 | -5.2% |
| Financial income | 75/76B | €79 | €0 | -€79 | -100% |
| Recurring financial income | 75 | €79 | €0 | -€79 | -100% |
| Financial charges | 65/66B | €65,224 | €50,289 | -€14,936 | -22.9% |
| Recurring financial charges | 65 | €65,224 | €50,289 | -€14,936 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €298,677 | €294,679 | -€3,998 | -1.3% |
| Income taxes | 67/77 | €78,121 | €73,732 | -€4,389 | -5.6% |
| Profit (loss) for the period | 9904 | €220,556 | €220,947 | +€391 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €220,556 | €220,947 | +€391 | +0.2% |
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 21 October 2026 via checked.be.