AALTECH ENGINEERING: what changed
Two fiscal 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.
AALTECH ENGINEERING
Largest movements
- Cash -€203,931
down €203,931 (-72.6%), from €280,929 to €76,998
mainly Trade debts (-€164,326) and Receivables within one year (-€91,759)
- Receivables within one year +€91,759
up €91,759 (+21.9%), from €418,945 to €510,704
of which Trade receivables: +€103,945
- Stocks and contracts +€14,597
new in 2025: €14,597
- Tangible fixed assets -€8,078
down €8,078 (-50.5%), from €15,987 to €7,909
of which Plant, machinery and equipment: -€6,252
- Trade debts -€164,326
down €164,326 (-36.8%), from €446,399 to €282,073
- Other debts -€77,313
down €77,313 (-62.2%), from €124,328 to €47,015
- Short-term financial debts +€75,000
new in 2025: €75,000
- Debts after one year +€70,000
new in 2025: €70,000
- Gross operating margin -€56,141
down €56,141 (-9.8%), from €575,713 to €519,572
- Staff costs -€45,666
down €45,666 (-8.5%), from €534,131 to €488,465
- Other operating charges +€10,690
up €10,690 (+347.1%), from €3,080 to €13,769
- Depreciation -€7,739
down €7,739 (-41.5%), from €18,625 to €10,886
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 | €719,773 | €613,663 | -€106,109 | -14.7% |
| Fixed assets | 21/28 | €16,737 | €8,659 | -€8,078 | -48.3% |
| Tangible fixed assets | 22/27 | €15,987 | €7,909 | -€8,078 | -50.5% |
| Plant, machinery and equipment | 23 | €10,631 | €4,379 | -€6,252 | -58.8% |
| Furniture and vehicles | 24 | €5,064 | €3,384 | -€1,680 | -33.2% |
| Other tangible fixed assets | 26 | €292 | €146 | -€146 | -50.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €703,036 | €605,004 | -€98,031 | -13.9% |
| Stocks and contracts in progress | 3 | - | €14,597 | +€14,597 | |
| Stocks | 30/36 | - | €14,597 | +€14,597 | |
| Amounts receivable within one year | 40/41 | €418,945 | €510,704 | +€91,759 | +21.9% |
| Trade receivables | 40 | €386,837 | €490,782 | +€103,945 | +26.9% |
| Other amounts receivable | 41 | €32,108 | €19,922 | -€12,186 | -38.0% |
| Cash at bank and in hand | 54/58 | €280,929 | €76,998 | -€203,931 | -72.6% |
| Deferred charges and accrued income | 490/1 | €3,161 | €2,705 | -€456 | -14.4% |
| Total equity and liabilities | 10/49 | €719,773 | €613,663 | -€106,109 | -14.7% |
| Equity | 10/15 | €117,968 | €114,421 | -€3,547 | -3.0% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €97,508 | €93,961 | -€3,547 | -3.6% |
| Amounts payable | 17/49 | €601,805 | €499,242 | -€102,563 | -17.0% |
| Amounts payable after more than one year | 17 | - | €70,000 | +€70,000 | |
| Financial debts | 170/4 | - | €70,000 | +€70,000 | |
| Amounts payable within one year | 42/48 | €601,805 | €429,242 | -€172,563 | -28.7% |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €446,399 | €282,073 | -€164,326 | -36.8% |
| Suppliers | 440/4 | €446,399 | €282,073 | -€164,326 | -36.8% |
| Taxes, remuneration and social security | 45 | €31,078 | €25,155 | -€5,924 | -19.1% |
| Taxes | 450/3 | €7,119 | €2,712 | -€4,407 | -61.9% |
| Remuneration and social security | 454/9 | €23,959 | €22,443 | -€1,516 | -6.3% |
| Other amounts payable | 47/48 | €124,328 | €47,015 | -€77,313 | -62.2% |
| Remuneration, social security and pensions | 62 | €534,131 | €488,465 | -€45,666 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,625 | €10,886 | -€7,739 | -41.5% |
| Other operating charges | 640/8 | €3,080 | €13,769 | +€10,690 | +347.1% |
| Gross operating margin | 9900 | €575,713 | €519,572 | -€56,141 | -9.8% |
| Operating profit (loss) | 9901 | €19,877 | €6,451 | -€13,426 | -67.5% |
| Financial income | 75/76B | €1,555 | €925 | -€630 | -40.5% |
| Recurring financial income | 75 | €1,555 | €925 | -€630 | -40.5% |
| Financial charges | 65/66B | €5,077 | €8,132 | +€3,055 | +60.2% |
| Recurring financial charges | 65 | €5,077 | €8,132 | +€3,055 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | €16,354 | -€756 | -€17,110 | |
| Income taxes | 67/77 | €7,253 | €2,791 | -€4,462 | -61.5% |
| Profit (loss) for the period | 9904 | €9,101 | -€3,547 | -€12,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,101 | -€3,547 | -€12,648 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.