ALTAY: what changed
ALTAY
Largest movements
- Cash -€12,272
down €12,272 (-54.5%), from €22,519 to €10,247
mainly Investment in fixed assets (net) (-€10,486) and Stocks and contracts (-€1,954)
- Tangible fixed assets +€9,770
up €9,770 (+649%), from €1,504 to €11,274
of which Plant, machinery and equipment: +€10,014
- Stocks and contracts +€1,954
up €1,954 (+108%), from €1,808 to €3,762
- Trade debts -€1,402
down €1,402 (-33.3%), from €4,205 to €2,803
- Tax, wage and social debts +€668
new in 2025: €668
- Turnover +€60,782
new in 2025: €60,782
- Purchases and services +€59,901
new in 2025: €59,901
- Gross operating margin -€8,676
down €8,676 (-90.6%), from €9,572 to €896
- Depreciation -€612
down €612 (-46.1%), from €1,329 to €716
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,377 | €28,855 | -€523 | -1.8% |
| Fixed assets | 21/28 | €2,608 | €12,378 | +€9,770 | +375% |
| Tangible fixed assets | 22/27 | €1,504 | €11,274 | +€9,770 | +649% |
| Plant, machinery and equipment | 23 | €311 | €10,325 | +€10,014 | +3,223% |
| Furniture and vehicles | 24 | €1,194 | €949 | -€244 | -20.5% |
| Financial fixed assets | 28 | €1,104 | €1,104 | = | 0.0% |
| Current assets | 29/58 | €26,769 | €16,477 | -€10,292 | -38.4% |
| Stocks and contracts in progress | 3 | €1,808 | €3,762 | +€1,954 | +108% |
| Stocks | 30/36 | €1,808 | €3,762 | +€1,954 | +108% |
| Amounts receivable within one year | 40/41 | €2,442 | €2,467 | +€25 | +1.0% |
| Trade receivables | 40 | €1,369 | €2,467 | +€1,098 | +80.2% |
| Other amounts receivable | 41 | €1,073 | - | -€1,073 | |
| Cash at bank and in hand | 54/58 | €22,519 | €10,247 | -€12,272 | -54.5% |
| Total equity and liabilities | 10/49 | €29,377 | €28,855 | -€523 | -1.8% |
| Equity | 10/15 | €25,118 | €25,254 | +€136 | +0.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,118 | €5,254 | +€136 | +2.7% |
| Amounts payable | 17/49 | €4,259 | €3,600 | -€659 | -15.5% |
| Amounts payable within one year | 42/48 | €4,259 | €3,600 | -€659 | -15.5% |
| Trade debts | 44 | €4,205 | €2,803 | -€1,402 | -33.3% |
| Suppliers | 440/4 | €4,205 | €2,803 | -€1,402 | -33.3% |
| Taxes, remuneration and social security | 45 | - | €668 | +€668 | |
| Taxes | 450/3 | - | €668 | +€668 | |
| Other amounts payable | 47/48 | €55 | €129 | +€75 | +138% |
| Turnover | 70 | - | €60,782 | +€60,782 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €59,901 | +€59,901 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,329 | €716 | -€612 | -46.1% |
| Gross operating margin | 9900 | €9,572 | €896 | -€8,676 | -90.6% |
| Operating profit (loss) | 9901 | €8,243 | €179 | -€8,064 | -97.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -86.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -86.4% |
| Financial charges | 65/66B | €70 | €43 | -€26 | -37.7% |
| Recurring financial charges | 65 | €70 | €43 | -€26 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €8,174 | €136 | -€8,038 | -98.3% |
| Profit (loss) for the period | 9904 | €8,174 | €136 | -€8,038 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,174 | €136 | -€8,038 | -98.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.