Altripan: 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.
What changed
Altripan
NACE 46.832, Wholesale of timber
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5.9m
2024 · €5.3m+€628,963
Equity
€9.7m
2024 · €8.9m+€815,809
Cash
€164,687
2024 · €1.6m-€1.4m
Balance sheet total
€33.2m
2024 · €37.7m-€4.5m
Largest movements
Assets
- Stocks and contracts -€2.9m
down €2.9m (-12.1%), from €24.2m to €21.3m
- Current investments +€1.8m
new in 2025: €1.8m
- Receivables within one year -€1.6m
down €1.6m (-18.8%), from €8.6m to €7.0m
of which Trade receivables: -€1.6m
- Cash -€1.4m
down €1.4m (-89.6%), from €1.6m to €164,687
mainly Short-term financial debts (-€7.4m) and Contributions, distributions and other (-€5.1m)
Equity and liabilities
- Short-term financial debts -€7.4m
down €7.4m (-37.3%), from €19.9m to €12.4m
- Trade debts +€1.3m
up €1.3m (+51.2%), from €2.5m to €3.8m
- Other debts +€1.1m
up €1.1m (+22.5%), from €5.0m to €6.1m
- Profit (loss) carried forward +€815,809
up €815,809 (+16.4%), from €5.0m to €5.8m
Income statement
- Turnover -€3.2m
down €3.2m (-2.9%), from €109.8m to €106.6m
- Services and other goods -€1.2m
down €1.2m (-18.6%), from €6.7m to €5.5m
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.
Result 2024
€5.3m
Turnover
-€3.2m
Other operating income
+€611,077
Goods and materials
+€874,314
Services and other goods
+€1.2m
Staff costs
-€329,158
Depreciation
+€3,215
Write-downs
-€67,990
Other operating charges
+€141,449
Other operating items
+€482,185
Financial income
+€723,544
Financial charges
+€340,335
Taxes
-€177,438
Result 2025
€5.9m
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.
From operations
+€13.2m
Investment
-€1.9m
Financing
-€12.7m
Cash 2024
€1.6m
From operations (derived)
+€13.2m
Net result for the year
+€5.9m
Depreciation
+€394,717
Stocks and contracts
+€2.9m
Receivables within one year
+€1.6m
Deferred charges and accrued income
+€14,064
Trade debts
+€1.3m
Tax, wage and social debts
-€351,203
Other debts
+€1.1m
Accrued charges and deferred income
+€239,855
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€32,710
Current investments
-€1.8m
Financing
-€12.7m
Current portion of long-term debt
-€225,000
Short-term financial debts
-€7.4m
Contributions, distributions and other
-€5.1m
Cash 2025
€164,687
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,742,760 | €33,233,858 | -€4.5m | -11.9% |
| Fixed assets | 21/28 | €3,313,908 | €2,951,901 | -€362,006 | -10.9% |
| Tangible fixed assets | 22/27 | €3,313,843 | €2,951,836 | -€362,006 | -10.9% |
| Land and buildings | 22 | €2,973,856 | €2,740,137 | -€233,719 | -7.9% |
| Plant, machinery and equipment | 23 | €2,877 | €1,499 | -€1,379 | -47.9% |
| Furniture and vehicles | 24 | €337,109 | €210,200 | -€126,909 | -37.6% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Affiliated companies | 280/1 | €65 | €65 | = | 0.0% |
| Participating interests | 280 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €34,428,853 | €30,281,957 | -€4.1m | -12.0% |
| Stocks and contracts in progress | 3 | €24,225,858 | €21,291,649 | -€2.9m | -12.1% |
| Stocks | 30/36 | €24,225,858 | €21,291,649 | -€2.9m | -12.1% |
| Goods purchased for resale | 34 | €24,225,858 | €21,291,649 | -€2.9m | -12.1% |
| Amounts receivable within one year | 40/41 | €8,584,830 | €6,971,879 | -€1.6m | -18.8% |
| Trade receivables | 40 | €7,790,367 | €6,217,012 | -€1.6m | -20.2% |
| Other amounts receivable | 41 | €794,463 | €754,867 | -€39,596 | -5.0% |
| Current investments | 50/53 | - | €1,836,066 | +€1.8m | |
| Other investments | 51/53 | - | €1,836,066 | +€1.8m | |
| Cash at bank and in hand | 54/58 | €1,586,424 | €164,687 | -€1.4m | -89.6% |
| Deferred charges and accrued income | 490/1 | €31,741 | €17,676 | -€14,064 | -44.3% |
| Total equity and liabilities | 10/49 | €37,742,760 | €33,233,858 | -€4.5m | -11.9% |
| Equity | 10/15 | €8,889,213 | €9,705,022 | +€815,809 | +9.2% |
| Contributions | 10/11 | €1,115,521 | €1,115,521 | = | 0.0% |
| Capital | 10 | €1,115,521 | €1,115,521 | = | 0.0% |
| Issued capital | 100 | €1,115,521 | €1,115,521 | = | 0.0% |
| Reserves | 13 | €2,810,183 | €2,810,183 | = | 0.0% |
| Non-distributable reserves | 130/1 | €120,476 | €120,476 | = | 0.0% |
| Legal reserve | 130 | €111,552 | €111,552 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,924 | €8,924 | = | 0.0% |
| Distributable reserves | 133 | €2,689,707 | €2,689,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,963,509 | €5,779,318 | +€815,809 | +16.4% |
| Amounts payable | 17/49 | €28,853,547 | €23,528,836 | -€5.3m | -18.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €28,685,515 | €23,120,949 | -€5.6m | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €225,000 | €0 | -€225,000 | -100.0% |
| Financial debts | 43 | €19,850,000 | €12,436,443 | -€7.4m | -37.3% |
| Credit institutions | 430/8 | €19,850,000 | €12,436,443 | -€7.4m | -37.3% |
| Trade debts | 44 | €2,539,047 | €3,839,241 | +€1.3m | +51.2% |
| Suppliers | 440/4 | €2,539,047 | €3,839,241 | +€1.3m | +51.2% |
| Taxes, remuneration and social security | 45 | €1,071,468 | €720,265 | -€351,203 | -32.8% |
| Taxes | 450/3 | €912,440 | €535,324 | -€377,116 | -41.3% |
| Remuneration and social security | 454/9 | €159,028 | €184,941 | +€25,913 | +16.3% |
| Other amounts payable | 47/48 | €5,000,000 | €6,125,000 | +€1.1m | +22.5% |
| Accrued charges and deferred income | 492/3 | €168,032 | €407,888 | +€239,855 | +142.7% |
| Operating income | 70/76A | €110,979,681 | €108,372,372 | -€2.6m | -2.3% |
| Turnover | 70 | €109,817,824 | €106,599,438 | -€3.2m | -2.9% |
| Other operating income | 74 | €1,161,857 | €1,772,934 | +€611,077 | +52.6% |
| Operating charges | 60/66A | €102,142,698 | €99,792,867 | -€2.3m | -2.3% |
| Goods for resale, raw materials and consumables | 60 | €92,696,090 | €91,821,776 | -€874,314 | -0.9% |
| Purchases | 600/8 | €102,750,526 | €88,887,567 | -€13.9m | -13.5% |
| Change in stocks: decrease (increase) | 609 | -€10,054,436 | €2,934,209 | +€13.0m | |
| Services and other goods | 61 | €6,712,724 | €5,466,909 | -€1.2m | -18.6% |
| Remuneration, social security and pensions | 62 | €1,699,055 | €2,028,213 | +€329,158 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €397,932 | €394,717 | -€3,215 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€67,990 | €0 | +€67,990 | |
| Other operating charges | 640/8 | €222,702 | €81,253 | -€141,449 | -63.5% |
| Non-recurring operating charges | 66A | €482,185 | €0 | -€482,185 | -100.0% |
| Operating profit (loss) | 9901 | €8,836,983 | €8,579,505 | -€257,478 | -2.9% |
| Financial income | 75/76B | €374,951 | €1,098,495 | +€723,544 | +193.0% |
| Recurring financial income | 75 | €309,156 | €1,098,495 | +€789,339 | +255.3% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €0 | €541,151 | +€541,151 | |
| Other financial income | 752/9 | €309,156 | €557,344 | +€248,188 | +80.3% |
| Non-recurring financial income | 76B | €65,795 | €0 | -€65,795 | -100.0% |
| Financial charges | 65/66B | €2,142,062 | €1,801,727 | -€340,335 | -15.9% |
| Recurring financial charges | 65 | €2,057,622 | €1,801,727 | -€255,895 | -12.4% |
| Debt charges | 650 | €980,238 | €649,654 | -€330,584 | -33.7% |
| Other financial charges | 652/9 | €1,077,384 | €1,152,073 | +€74,689 | +6.9% |
| Non-recurring financial charges | 66B | €84,440 | €0 | -€84,440 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €7,069,872 | €7,876,273 | +€806,402 | +11.4% |
| Income taxes | 67/77 | €1,815,429 | €1,992,867 | +€177,438 | +9.8% |
| Taxes | 670/3 | €1,815,429 | €1,992,867 | +€177,438 | +9.8% |
| Profit (loss) for the period | 9904 | €5,254,443 | €5,883,406 | +€628,963 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,254,443 | €5,883,406 | +€628,963 | +12.0% |
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 11 October 2026 via checked.be.