Aaltees: 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.
Aaltees
Largest movements
- Receivables within one year +€28,371
up €28,371 (+25.5%), from €111,433 to €139,804
of which Trade receivables: +€28,288
- Cash +€27,143
up €27,143 (+333%), from €8,161 to €35,304
mainly Net result for the year (+€84,348) and Depreciation (+€37,823)
- Tangible fixed assets -€17,480
down €17,480 (-3.6%), from €480,617 to €463,138
of which Land and buildings: -€10,057
- Reserves +€74,348
up €74,348 (+41.7%), from €178,333 to €252,681
of which Distributable reserves: +€74,348
- Trade debts -€64,818
down €64,818 (-80.0%), from €80,999 to €16,181
- Tax, wage and social debts +€22,618
up €22,618 (+47.1%), from €47,988 to €70,606
of which Taxes: +€16,058
- Short-term financial debts +€20,096
new in 2025: €20,096
- Debts after one year -€15,720
down €15,720 (-6.8%), from €231,561 to €215,841
of which Financial debts: -€15,720
- Gross operating margin +€35,855
up €35,855 (+19.2%), from €186,370 to €222,226
- Staff costs +€11,731
up €11,731 (+27.9%), from €42,059 to €53,790
- Taxes +€10,569
up €10,569 (+40.0%), from €26,431 to €37,000
- Financial income -€8,266
down €8,266 (-90.1%), from €9,172 to €906
- Depreciation +€7,065
up €7,065 (+23.0%), from €30,758 to €37,823
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 | €601,274 | €639,818 | +€38,544 | +6.4% |
| Fixed assets | 21/28 | €480,617 | €463,648 | -€16,970 | -3.5% |
| Tangible fixed assets | 22/27 | €480,617 | €463,138 | -€17,480 | -3.6% |
| Land and buildings | 22 | €445,228 | €435,171 | -€10,057 | -2.3% |
| Plant, machinery and equipment | 23 | €1,562 | €2,025 | +€464 | +29.7% |
| Furniture and vehicles | 24 | €33,828 | €25,941 | -€7,887 | -23.3% |
| Financial fixed assets | 28 | - | €510 | +€510 | |
| Current assets | 29/58 | €120,657 | €176,171 | +€55,514 | +46.0% |
| Amounts receivable within one year | 40/41 | €111,433 | €139,804 | +€28,371 | +25.5% |
| Trade receivables | 40 | €109,685 | €137,973 | +€28,288 | +25.8% |
| Other amounts receivable | 41 | €1,748 | €1,832 | +€83 | +4.8% |
| Cash at bank and in hand | 54/58 | €8,161 | €35,304 | +€27,143 | +333% |
| Deferred charges and accrued income | 490/1 | €1,062 | €1,062 | = | 0.0% |
| Total equity and liabilities | 10/49 | €601,274 | €639,818 | +€38,544 | +6.4% |
| Equity | 10/15 | €184,533 | €258,881 | +€74,348 | +40.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €178,333 | €252,681 | +€74,348 | +41.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €176,473 | €250,821 | +€74,348 | +42.1% |
| Amounts payable | 17/49 | €416,741 | €380,937 | -€35,804 | -8.6% |
| Amounts payable after more than one year | 17 | €231,561 | €215,841 | -€15,720 | -6.8% |
| Financial debts | 170/4 | €211,561 | €195,841 | -€15,720 | -7.4% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €184,998 | €164,914 | -€20,084 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €16,805 | €17,003 | +€198 | +1.2% |
| Financial debts | 43 | - | €20,096 | +€20,096 | |
| Credit institutions | 430/8 | - | €20,096 | +€20,096 | |
| Trade debts | 44 | €80,999 | €16,181 | -€64,818 | -80.0% |
| Suppliers | 440/4 | €80,999 | €16,181 | -€64,818 | -80.0% |
| Taxes, remuneration and social security | 45 | €47,988 | €70,606 | +€22,618 | +47.1% |
| Taxes | 450/3 | €28,584 | €44,642 | +€16,058 | +56.2% |
| Remuneration and social security | 454/9 | €19,404 | €25,964 | +€6,560 | +33.8% |
| Other amounts payable | 47/48 | €39,206 | €41,028 | +€1,822 | +4.6% |
| Accrued charges and deferred income | 492/3 | €181 | €181 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €42,059 | €53,790 | +€11,731 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,758 | €37,823 | +€7,065 | +23.0% |
| Other operating charges | 640/8 | €2,772 | €6,550 | +€3,778 | +136% |
| Gross operating margin | 9900 | €186,370 | €222,226 | +€35,855 | +19.2% |
| Operating profit (loss) | 9901 | €110,781 | €124,063 | +€13,282 | +12.0% |
| Financial income | 75/76B | €9,172 | €906 | -€8,266 | -90.1% |
| Recurring financial income | 75 | €9,172 | €906 | -€8,266 | -90.1% |
| Financial charges | 65/66B | €8,213 | €3,620 | -€4,593 | -55.9% |
| Recurring financial charges | 65 | €8,213 | €3,620 | -€4,593 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €111,740 | €121,348 | +€9,609 | +8.6% |
| Income taxes | 67/77 | €26,431 | €37,000 | +€10,569 | +40.0% |
| Profit (loss) for the period | 9904 | €85,309 | €84,348 | -€960 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,309 | €84,348 | -€960 | -1.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.