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
- Cash +€263,646
up €263,646 (+849.3%), from €31,044 to €294,690
mainly Receivables within one year (+€148,314) and Tax, wage and social debts (+€38,903)
- Receivables within one year -€148,314
down €148,314 (-15.7%), from €946,227 to €797,913
of which Trade receivables: -€164,141
- Tangible fixed assets -€17,359
down €17,359 (-72.5%), from €23,957 to €6,598
of which Furniture and vehicles: -€17,359
- Tax, wage and social debts +€38,903
up €38,903 (+89.2%), from €43,617 to €82,521
of which Taxes: +€32,670
- Reserves +€36,678
up €36,678 (+9.2%), from €399,162 to €435,840
- Trade debts +€23,132
up €23,132 (+122.6%), from €18,873 to €42,005
- Staff costs +€105,960
up €105,960 (+41.9%), from €252,953 to €358,913
- Gross operating margin +€102,478
up €102,478 (+28.2%), from €362,969 to €465,448
- Depreciation -€13,378
down €13,378 (-43.5%), from €30,737 to €17,359
- Other operating charges +€9,567
up €9,567 (+29.0%), from €33,021 to €42,588
- Financial income -€8,507
down €8,507 (-47.9%), from €17,763 to €9,256
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.
Cash bridge derived
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 | €1,013,591 | €1,111,682 | +€98,091 | +9.7% |
| Fixed assets | 21/28 | €23,957 | €6,598 | -€17,359 | -72.5% |
| Tangible fixed assets | 22/27 | €23,957 | €6,598 | -€17,359 | -72.5% |
| Plant, machinery and equipment | 23 | €866 | €866 | = | 0.0% |
| Furniture and vehicles | 24 | €23,091 | €5,733 | -€17,359 | -75.2% |
| Current assets | 29/58 | €989,634 | €1,105,084 | +€115,450 | +11.7% |
| Amounts receivable within one year | 40/41 | €946,227 | €797,913 | -€148,314 | -15.7% |
| Trade receivables | 40 | €560,152 | €396,011 | -€164,141 | -29.3% |
| Other amounts receivable | 41 | €386,074 | €401,901 | +€15,827 | +4.1% |
| Cash at bank and in hand | 54/58 | €31,044 | €294,690 | +€263,646 | +849.3% |
| Deferred charges and accrued income | 490/1 | €12,363 | €12,481 | +€118 | +1.0% |
| Total equity and liabilities | 10/49 | €1,013,591 | €1,111,682 | +€98,091 | +9.7% |
| Equity | 10/15 | €945,367 | €982,045 | +€36,678 | +3.9% |
| Contributions | 10/11 | €546,205 | €546,205 | = | 0.0% |
| Reserves | 13 | €399,162 | €435,840 | +€36,678 | +9.2% |
| Distributable reserves | 133 | €399,162 | €435,840 | +€36,678 | +9.2% |
| Amounts payable | 17/49 | €68,224 | €129,636 | +€61,413 | +90.0% |
| Amounts payable within one year | 42/48 | €68,224 | €129,636 | +€61,413 | +90.0% |
| Trade debts | 44 | €18,873 | €42,005 | +€23,132 | +122.6% |
| Suppliers | 440/4 | €18,873 | €42,005 | +€23,132 | +122.6% |
| Taxes, remuneration and social security | 45 | €43,617 | €82,521 | +€38,903 | +89.2% |
| Taxes | 450/3 | €14,818 | €47,488 | +€32,670 | +220.5% |
| Remuneration and social security | 454/9 | €28,799 | €35,032 | +€6,233 | +21.6% |
| Other amounts payable | 47/48 | €5,734 | €5,111 | -€623 | -10.9% |
| Remuneration, social security and pensions | 62 | €252,953 | €358,913 | +€105,960 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,737 | €17,359 | -€13,378 | -43.5% |
| Other operating charges | 640/8 | €33,021 | €42,588 | +€9,567 | +29.0% |
| Gross operating margin | 9900 | €362,969 | €465,448 | +€102,478 | +28.2% |
| Operating profit (loss) | 9901 | €46,259 | €46,588 | +€329 | +0.7% |
| Financial income | 75/76B | €17,763 | €9,256 | -€8,507 | -47.9% |
| Recurring financial income | 75 | €17,763 | €9,256 | -€8,507 | -47.9% |
| Financial charges | 65/66B | €4,023 | €2,648 | -€1,375 | -34.2% |
| Recurring financial charges | 65 | €4,023 | €2,648 | -€1,375 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €59,999 | €53,196 | -€6,802 | -11.3% |
| Income taxes | 67/77 | €9,397 | €16,518 | +€7,121 | +75.8% |
| Profit (loss) for the period | 9904 | €50,602 | €36,678 | -€13,924 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,602 | €36,678 | -€13,924 | -27.5% |
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 12 October 2026 via checked.be.