JALTA: 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.
JALTA
Largest movements
- Receivables within one year -€9,993
down €9,993 (-14.4%), from €69,257 to €59,263
of which Trade receivables: -€8,208
- Tangible fixed assets -€9,867
down €9,867 (-41.6%), from €23,730 to €13,863
of which Furniture and vehicles: -€4,934
- Cash +€8,223
up €8,223 (+122.0%), from €6,740 to €14,962
mainly Tax, wage and social debts (+€12,441) and Receivables within one year (+€9,993)
- Tax, wage and social debts +€12,441
up €12,441 (+429.3%), from €2,898 to €15,339
of which Taxes: +€9,513
- Profit (loss) carried forward -€11,390
down €11,390 (-156.9%), from -€7,258 to -€18,648
- Debts after one year -€7,370
down €7,370 (-39.4%), from €18,726 to €11,356
- Gross operating margin -€4,206
down €4,206, from €3,395 to -€811
- Depreciation +€855
up €855 (+9.5%), from €9,012 to €9,867
- Other operating charges -€636
down €636 (-85.7%), from €743 to €106
- Financial charges -€292
down €292 (-32.5%), from €898 to €606
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 | €584,828 | €573,090 | -€11,738 | -2.0% |
| Fixed assets | 21/28 | €508,731 | €498,864 | -€9,867 | -1.9% |
| Tangible fixed assets | 22/27 | €23,730 | €13,863 | -€9,867 | -41.6% |
| Land and buildings | 22 | €9,250 | €8,317 | -€933 | -10.1% |
| Plant, machinery and equipment | 23 | €7,667 | €3,667 | -€4,000 | -52.2% |
| Furniture and vehicles | 24 | €6,813 | €1,879 | -€4,934 | -72.4% |
| Financial fixed assets | 28 | €485,001 | €485,001 | = | 0.0% |
| Current assets | 29/58 | €76,097 | €74,226 | -€1,871 | -2.5% |
| Amounts receivable within one year | 40/41 | €69,257 | €59,263 | -€9,993 | -14.4% |
| Trade receivables | 40 | €67,427 | €59,219 | -€8,208 | -12.2% |
| Other amounts receivable | 41 | €1,830 | €44 | -€1,785 | -97.6% |
| Cash at bank and in hand | 54/58 | €6,740 | €14,962 | +€8,223 | +122.0% |
| Deferred charges and accrued income | 490/1 | €101 | - | -€101 | |
| Total equity and liabilities | 10/49 | €584,828 | €573,090 | -€11,738 | -2.0% |
| Equity | 10/15 | €186,843 | €175,452 | -€11,390 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,501 | €175,501 | = | 0.0% |
| Distributable reserves | 133 | €175,501 | €175,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,258 | -€18,648 | -€11,390 | -156.9% |
| Amounts payable | 17/49 | €397,985 | €397,637 | -€348 | -0.1% |
| Amounts payable after more than one year | 17 | €18,726 | €11,356 | -€7,370 | -39.4% |
| Financial debts | 170/4 | €18,726 | €11,356 | -€7,370 | -39.4% |
| Amounts payable within one year | 42/48 | €378,826 | €386,281 | +€7,455 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €7,213 | €7,370 | +€157 | +2.2% |
| Trade debts | 44 | €424 | €785 | +€361 | +85.1% |
| Suppliers | 440/4 | €424 | €785 | +€361 | +85.1% |
| Taxes, remuneration and social security | 45 | €2,898 | €15,339 | +€12,441 | +429.3% |
| Taxes | 450/3 | - | €9,513 | +€9,513 | |
| Remuneration and social security | 454/9 | €2,898 | €5,826 | +€2,928 | +101.0% |
| Other amounts payable | 47/48 | €368,291 | €362,787 | -€5,504 | -1.5% |
| Accrued charges and deferred income | 492/3 | €433 | - | -€433 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,012 | €9,867 | +€855 | +9.5% |
| Other operating charges | 640/8 | €743 | €106 | -€636 | -85.7% |
| Gross operating margin | 9900 | €3,395 | -€811 | -€4,206 | |
| Operating profit (loss) | 9901 | -€6,360 | -€10,784 | -€4,424 | -69.6% |
| Financial charges | 65/66B | €898 | €606 | -€292 | -32.5% |
| Recurring financial charges | 65 | €898 | €606 | -€292 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,258 | -€11,390 | -€4,132 | -56.9% |
| Profit (loss) for the period | 9904 | -€7,258 | -€11,390 | -€4,132 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,258 | -€11,390 | -€4,132 | -56.9% |
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 9 October 2026 via checked.be.