Ilknur Altintas: 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.
Ilknur Altintas
Largest movements
- Tangible fixed assets -€20,453
down €20,453 (-13.3%), from €153,330 to €132,878
of which Furniture and vehicles: -€22,198
- Cash +€11,721
up €11,721 (+130%), from €9,038 to €20,759
mainly Depreciation (+€38,953) and Other debts (+€30,188)
- Receivables within one year -€3,478
down €3,478 (-24.0%), from €14,489 to €11,011
of which Other amounts receivable: -€3,493
- Deferred charges and accrued income -€2,464
no longer reported in 2025 (was €2,464)
- Other debts +€30,188
up €30,188 (+241%), from €12,525 to €42,713
- Debts after one year -€13,998
down €13,998 (-34.4%), from €40,697 to €26,699
- Short-term financial debts -€10,000
no longer reported in 2025 (was €10,000)
- Current portion of long-term debt -€9,682
down €9,682 (-40.9%), from €23,680 to €13,998
- Profit (loss) carried forward -€9,097
down €9,097 (-13.5%), from €67,281 to €58,184
- Gross operating margin -€14,678
down €14,678 (-31.2%), from €47,116 to €32,438
- Depreciation +€5,402
up €5,402 (+16.1%), from €33,551 to €38,953
- Taxes -€2,000
no longer reported in 2025 (was €2,000)
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 | €179,932 | €165,198 | -€14,734 | -8.2% |
| Fixed assets | 21/28 | €153,330 | €132,878 | -€20,453 | -13.3% |
| Tangible fixed assets | 22/27 | €153,330 | €132,878 | -€20,453 | -13.3% |
| Land and buildings | 22 | €18,020 | €15,340 | -€2,680 | -14.9% |
| Plant, machinery and equipment | 23 | €48,137 | €52,562 | +€4,425 | +9.2% |
| Furniture and vehicles | 24 | €87,173 | €64,976 | -€22,198 | -25.5% |
| Current assets | 29/58 | €26,602 | €32,321 | +€5,719 | +21.5% |
| Stocks and contracts in progress | 3 | €611 | €551 | -€60 | -9.9% |
| Stocks | 30/36 | €611 | €551 | -€60 | -9.9% |
| Amounts receivable within one year | 40/41 | €14,489 | €11,011 | -€3,478 | -24.0% |
| Trade receivables | 40 | €2,996 | €3,011 | +€15 | +0.5% |
| Other amounts receivable | 41 | €11,493 | €8,000 | -€3,493 | -30.4% |
| Cash at bank and in hand | 54/58 | €9,038 | €20,759 | +€11,721 | +130% |
| Deferred charges and accrued income | 490/1 | €2,464 | - | -€2,464 | |
| Total equity and liabilities | 10/49 | €179,932 | €165,198 | -€14,734 | -8.2% |
| Equity | 10/15 | €77,281 | €68,184 | -€9,097 | -11.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,281 | €58,184 | -€9,097 | -13.5% |
| Amounts payable | 17/49 | €102,651 | €97,014 | -€5,637 | -5.5% |
| Amounts payable after more than one year | 17 | €40,697 | €26,699 | -€13,998 | -34.4% |
| Financial debts | 170/4 | €40,697 | €26,699 | -€13,998 | -34.4% |
| Amounts payable within one year | 42/48 | €61,955 | €70,316 | +€8,361 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €23,680 | €13,998 | -€9,682 | -40.9% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €5,967 | €2,970 | -€2,997 | -50.2% |
| Suppliers | 440/4 | €5,967 | €2,970 | -€2,997 | -50.2% |
| Taxes, remuneration and social security | 45 | €9,783 | €10,635 | +€852 | +8.7% |
| Taxes | 450/3 | €7,412 | €10,635 | +€3,222 | +43.5% |
| Remuneration and social security | 454/9 | €2,371 | - | -€2,371 | |
| Other amounts payable | 47/48 | €12,525 | €42,713 | +€30,188 | +241% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,551 | €38,953 | +€5,402 | +16.1% |
| Other operating charges | 640/8 | €118 | - | -€118 | |
| Gross operating margin | 9900 | €47,116 | €32,438 | -€14,678 | -31.2% |
| Operating profit (loss) | 9901 | €13,447 | -€6,515 | -€19,962 | |
| Financial income | 75/76B | - | €442 | +€442 | |
| Recurring financial income | 75 | - | €442 | +€442 | |
| Non-recurring financial income | 76B | - | €442 | +€442 | |
| Financial charges | 65/66B | €3,494 | €3,024 | -€471 | -13.5% |
| Recurring financial charges | 65 | €3,494 | €3,024 | -€471 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €9,953 | -€9,097 | -€19,050 | |
| Income taxes | 67/77 | €2,000 | - | -€2,000 | |
| Profit (loss) for the period | 9904 | €7,953 | -€9,097 | -€17,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,953 | -€9,097 | -€17,050 |
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 31 October 2026 via checked.be.