AALTERPAINT: 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.
What changed
AALTERPAINT
NACE 46.833, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €2.2m-€163,130
Equity
€6.4m
2024 · €5.4m+€1.1m
Cash
€879,308
2024 · €1.8m-€901,142
Balance sheet total
€11.8m
2024 · €12.5m-€669,768
Largest movements
Assets
- Cash -€901,142
down €901,142 (-50.6%), from €1.8m to €879,308
mainly Trade debts (-€1.6m) and Contributions, distributions and other (-€1.0m)
- Receivables within one year +€867,763
up €867,763 (+25.6%), from €3.4m to €4.3m
of which Other amounts receivable: +€659,092
- Stocks and contracts -€773,328
down €773,328 (-16.3%), from €4.7m to €4.0m
Equity and liabilities
- Trade debts -€1.6m
down €1.6m (-60.6%), from €2.6m to €1.0m
- Profit (loss) carried forward +€1.1m
up €1.1m (+58.0%), from €1.8m to €2.9m
- Debts after one year -€300,000
down €300,000 (-23.1%), from €1.3m to €1.0m
- Tax, wage and social debts +€198,066
up €198,066 (+29.3%), from €676,399 to €874,465
of which Taxes: +€201,638
Income statement
- Goods and materials -€1.3m
down €1.3m (-9.5%), from €14.1m to €12.8m
of which Purchases: -€2.5m
- Turnover -€904,556
down €904,556 (-3.5%), from €25.6m to €24.7m
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.
Result 2024
€2.2m
Turnover
-€904,556
Other operating income
-€40,271
Goods and materials
+€1.3m
Services and other goods
+€172,642
Staff costs
-€70,725
Depreciation
-€103,513
Write-downs
-€197,087
Provisions
+€56,058
Other operating charges
+€209,794
Other operating items
-€618,303
Financial income
+€6,371
Financial charges
+€62,909
Taxes
-€80,475
Result 2025
€2.1m
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.
From operations
+€1.1m
Investment
-€663,743
Financing
-€1.3m
Cash 2024
€1.8m
From operations (derived)
+€1.1m
Net result for the year
+€2.1m
Depreciation
+€526,803
Stocks and contracts
+€773,328
Receivables within one year
-€867,763
Provisions
-€54,479
Trade debts
-€1.6m
Tax, wage and social debts
+€198,066
Other debts
+€50,000
Accrued charges and deferred income
-€15,811
Investment (derived)
-€663,743
Investment in fixed assets (net)
-€663,743
Financing
-€1.3m
Debts after one year
-€300,000
Contributions, distributions and other
-€1.0m
Cash 2025
€879,308
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,509,315 | €11,839,547 | -€669,768 | -5.4% |
| Fixed assets | 21/28 | €2,594,682 | €2,731,622 | +€136,940 | +5.3% |
| Intangible fixed assets | 21 | €1,204,760 | €1,275,062 | +€70,302 | +5.8% |
| Tangible fixed assets | 22/27 | €1,389,922 | €1,456,560 | +€66,638 | +4.8% |
| Land and buildings | 22 | - | €61,880 | +€61,880 | |
| Plant, machinery and equipment | 23 | €1,149,786 | €992,590 | -€157,195 | -13.7% |
| Furniture and vehicles | 24 | €240,136 | €402,090 | +€161,954 | +67.4% |
| Current assets | 29/58 | €9,914,633 | €9,107,926 | -€806,708 | -8.1% |
| Stocks and contracts in progress | 3 | €4,747,190 | €3,973,861 | -€773,328 | -16.3% |
| Stocks | 30/36 | €4,747,190 | €3,973,861 | -€773,328 | -16.3% |
| Raw materials and consumables | 30/31 | €2,758,523 | €2,419,833 | -€338,691 | -12.3% |
| Finished goods | 33 | €1,988,666 | €1,554,028 | -€434,638 | -21.9% |
| Amounts receivable within one year | 40/41 | €3,386,994 | €4,254,757 | +€867,763 | +25.6% |
| Trade receivables | 40 | €3,257,508 | €3,466,179 | +€208,671 | +6.4% |
| Other amounts receivable | 41 | €129,486 | €788,578 | +€659,092 | +509.0% |
| Cash at bank and in hand | 54/58 | €1,780,450 | €879,308 | -€901,142 | -50.6% |
| Total equity and liabilities | 10/49 | €12,509,315 | €11,839,547 | -€669,768 | -5.4% |
| Equity | 10/15 | €5,351,315 | €6,409,107 | +€1.1m | +19.8% |
| Contributions | 10/11 | €90,647 | €90,647 | = | 0.0% |
| Reserves | 13 | €3,436,403 | €3,436,403 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,065 | €9,065 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,065 | €9,065 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,205,213 | €1,205,213 | = | 0.0% |
| Distributable reserves | 133 | €2,222,125 | €2,222,125 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,824,266 | €2,882,057 | +€1.1m | +58.0% |
| Provisions and deferred taxes | 16 | €219,634 | €165,155 | -€54,479 | -24.8% |
| Provisions for liabilities and charges | 160/5 | €219,634 | €165,155 | -€54,479 | -24.8% |
| Pensions and similar obligations | 160 | €17,315 | €15,767 | -€1,548 | -8.9% |
| Environmental obligations | 163 | €202,319 | €149,388 | -€52,931 | -26.2% |
| Amounts payable | 17/49 | €6,938,365 | €5,265,285 | -€1.7m | -24.1% |
| Amounts payable after more than one year | 17 | €1,300,000 | €1,000,000 | -€300,000 | -23.1% |
| Financial debts | 170/4 | €1,300,000 | €1,000,000 | -€300,000 | -23.1% |
| Other loans | 174 | €1,300,000 | €1,000,000 | -€300,000 | -23.1% |
| Amounts payable within one year | 42/48 | €5,622,371 | €4,265,102 | -€1.4m | -24.1% |
| Trade debts | 44 | €2,649,722 | €1,044,387 | -€1.6m | -60.6% |
| Suppliers | 440/4 | €2,649,722 | €1,044,387 | -€1.6m | -60.6% |
| Taxes, remuneration and social security | 45 | €676,399 | €874,465 | +€198,066 | +29.3% |
| Taxes | 450/3 | €111,310 | €312,948 | +€201,638 | +181.1% |
| Remuneration and social security | 454/9 | €565,088 | €561,517 | -€3,572 | -0.6% |
| Other amounts payable | 47/48 | €2,296,250 | €2,346,250 | +€50,000 | +2.2% |
| Accrued charges and deferred income | 492/3 | €15,994 | €183 | -€15,811 | -98.9% |
| Operating income | 70/76A | €26,292,780 | €24,719,794 | -€1.6m | -6.0% |
| Turnover | 70 | €25,628,809 | €24,724,253 | -€904,556 | -3.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €519,590 | -€90,822 | -€610,412 | |
| Other operating income | 74 | €126,634 | €86,363 | -€40,271 | -31.8% |
| Non-recurring operating income | 76A | €17,747 | - | -€17,747 | |
| Operating charges | 60/66A | €23,075,163 | €21,654,113 | -€1.4m | -6.2% |
| Goods for resale, raw materials and consumables | 60 | €14,141,423 | €12,797,397 | -€1.3m | -9.5% |
| Purchases | 600/8 | €14,976,423 | €12,467,704 | -€2.5m | -16.8% |
| Change in stocks: decrease (increase) | 609 | -€835,001 | €329,694 | +€1.2m | |
| Services and other goods | 61 | €4,547,662 | €4,375,021 | -€172,642 | -3.8% |
| Remuneration, social security and pensions | 62 | €3,548,112 | €3,618,837 | +€70,725 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423,290 | €526,803 | +€103,513 | +24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €155,478 | €352,565 | +€197,087 | +126.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,579 | -€54,479 | -€56,058 | |
| Other operating charges | 640/8 | €232,086 | €22,292 | -€209,794 | -90.4% |
| Non-recurring operating charges | 66A | €25,533 | €15,677 | -€9,856 | -38.6% |
| Operating profit (loss) | 9901 | €3,217,616 | €3,065,681 | -€151,936 | -4.7% |
| Financial income | 75/76B | €6,585 | €12,957 | +€6,371 | +96.8% |
| Recurring financial income | 75 | €6,585 | €12,957 | +€6,371 | +96.8% |
| Other financial income | 752/9 | €6,585 | €12,957 | +€6,371 | +96.8% |
| Financial charges | 65/66B | €248,727 | €185,818 | -€62,909 | -25.3% |
| Recurring financial charges | 65 | €248,727 | €185,818 | -€62,909 | -25.3% |
| Debt charges | 650 | €127,030 | €53,424 | -€73,606 | -57.9% |
| Other financial charges | 652/9 | €121,698 | €132,394 | +€10,697 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €2,975,474 | €2,892,819 | -€82,655 | -2.8% |
| Income taxes | 67/77 | €754,553 | €835,028 | +€80,475 | +10.7% |
| Taxes | 670/3 | €754,553 | €835,028 | +€80,475 | +10.7% |
| Profit (loss) for the period | 9904 | €2,220,921 | €2,057,792 | -€163,130 | -7.3% |
| Transfer from tax-exempt reserves | 789 | €290,490 | - | -€290,490 | |
| Transfer to tax-exempt reserves | 689 | €950,761 | - | -€950,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,560,651 | €2,057,792 | +€497,141 | +31.9% |
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 12 October 2026 via checked.be.