ALTRANSPORT: 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.
ALTRANSPORT
Largest movements
- Receivables within one year -€252,223
down €252,223 (-33.0%), from €765,372 to €513,149
of which Trade receivables: -€211,251
- Tangible fixed assets -€43,986
down €43,986 (-12.2%), from €360,255 to €316,268
of which Furniture and vehicles: -€39,851
- Cash -€16,562
down €16,562 (-11.4%), from €145,146 to €128,583
mainly Other debts (-€239,236) and Trade debts (-€81,821)
- Other debts -€239,236
down €239,236 (-100%), from €239,236 to €0
- Trade debts -€81,821
down €81,821 (-12.9%), from €634,771 to €552,950
- Reserves +€47,682
up €47,682 (+16.8%), from €284,203 to €331,885
of which Distributable reserves: +€47,682
- Debts after one year -€32,256
down €32,256 (-19.6%), from €164,874 to €132,618
- Current portion of long-term debt +€18,238
up €18,238 (+22.6%), from €80,571 to €98,809
- Gross operating margin -€44,305
down €44,305 (-9.3%), from €478,593 to €434,288
- Depreciation -€34,991
down €34,991 (-24.3%), from €144,050 to €109,059
- Staff costs +€16,585
up €16,585 (+6.9%), from €239,623 to €256,208
- Financial income -€10,634
down €10,634 (-34.2%), from €31,093 to €20,458
- Taxes -€10,537
down €10,537 (-35.3%), from €29,827 to €19,290
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 | €1,544,003 | €1,249,971 | -€294,032 | -19.0% |
| Fixed assets | 21/28 | €368,775 | €321,029 | -€47,746 | -12.9% |
| Intangible fixed assets | 21 | €8,520 | €4,761 | -€3,760 | -44.1% |
| Tangible fixed assets | 22/27 | €360,255 | €316,268 | -€43,986 | -12.2% |
| Land and buildings | 22 | €21,693 | €19,658 | -€2,035 | -9.4% |
| Plant, machinery and equipment | 23 | €9,935 | €7,835 | -€2,100 | -21.1% |
| Furniture and vehicles | 24 | €328,626 | €288,775 | -€39,851 | -12.1% |
| Current assets | 29/58 | €1,175,228 | €928,942 | -€246,286 | -21.0% |
| Amounts receivable after more than one year | 29 | €250,000 | €260,000 | +€10,000 | +4.0% |
| Other amounts receivable | 291 | €250,000 | €260,000 | +€10,000 | +4.0% |
| Amounts receivable within one year | 40/41 | €765,372 | €513,149 | -€252,223 | -33.0% |
| Trade receivables | 40 | €685,795 | €474,544 | -€211,251 | -30.8% |
| Other amounts receivable | 41 | €79,577 | €38,605 | -€40,972 | -51.5% |
| Cash at bank and in hand | 54/58 | €145,146 | €128,583 | -€16,562 | -11.4% |
| Deferred charges and accrued income | 490/1 | €14,711 | €27,210 | +€12,499 | +85.0% |
| Total equity and liabilities | 10/49 | €1,544,003 | €1,249,971 | -€294,032 | -19.0% |
| Equity | 10/15 | €346,203 | €393,885 | +€47,682 | +13.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €284,203 | €331,885 | +€47,682 | +16.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €277,886 | €277,886 | = | 0.0% |
| Distributable reserves | 133 | €117 | €47,799 | +€47,682 | +40,618% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,197,800 | €856,086 | -€341,714 | -28.5% |
| Amounts payable after more than one year | 17 | €164,874 | €132,618 | -€32,256 | -19.6% |
| Financial debts | 170/4 | €164,874 | €132,618 | -€32,256 | -19.6% |
| Amounts payable within one year | 42/48 | €1,029,838 | €720,379 | -€309,459 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €80,571 | €98,809 | +€18,238 | +22.6% |
| Financial debts | 43 | €11,494 | €0 | -€11,494 | -100% |
| Credit institutions | 430/8 | €11,494 | €0 | -€11,494 | -100% |
| Trade debts | 44 | €634,771 | €552,950 | -€81,821 | -12.9% |
| Suppliers | 440/4 | €634,771 | €552,950 | -€81,821 | -12.9% |
| Taxes, remuneration and social security | 45 | €63,766 | €68,620 | +€4,854 | +7.6% |
| Taxes | 450/3 | €18,267 | €35,960 | +€17,694 | +96.9% |
| Remuneration and social security | 454/9 | €45,500 | €32,660 | -€12,840 | -28.2% |
| Other amounts payable | 47/48 | €239,236 | €0 | -€239,236 | -100% |
| Accrued charges and deferred income | 492/3 | €3,088 | €3,089 | +€2 | +0.1% |
| Non-recurring operating income | 76A | €0 | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €239,623 | €256,208 | +€16,585 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,050 | €109,059 | -€34,991 | -24.3% |
| Other operating charges | 640/8 | €1,893 | €1,486 | -€406 | -21.5% |
| Non-recurring operating charges | 66A | - | €3,194 | +€3,194 | |
| Gross operating margin | 9900 | €478,593 | €434,288 | -€44,305 | -9.3% |
| Operating profit (loss) | 9901 | €93,027 | €64,341 | -€28,686 | -30.8% |
| Financial income | 75/76B | €31,093 | €20,458 | -€10,634 | -34.2% |
| Recurring financial income | 75 | €31,093 | €20,458 | -€10,634 | -34.2% |
| Financial charges | 65/66B | €19,016 | €17,827 | -€1,189 | -6.3% |
| Recurring financial charges | 65 | €19,016 | €17,827 | -€1,189 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €105,104 | €66,972 | -€38,132 | -36.3% |
| Income taxes | 67/77 | €29,827 | €19,290 | -€10,537 | -35.3% |
| Profit (loss) for the period | 9904 | €75,277 | €47,682 | -€27,595 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,277 | €47,682 | -€27,595 | -36.7% |
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 20 October 2026 via checked.be.