AL TECNO: what changed
What changed
AL TECNO
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€608,710
2024 · €632,287-€23,576
Equity
€6.7m
2024 · €6.7m+€7,177
Cash
€2.3m
2024 · €2.4m-€92,386
Balance sheet total
€9.3m
2024 · €8.5m+€740,970
Largest movements
Assets
- Tangible fixed assets +€2.2m
up €2.2m (+122%), from €1.8m to €4.0m
of which Land and buildings: +€2.2m
- Stocks and contracts -€1.8m
down €1.8m (-75.8%), from €2.4m to €569,386
- Current investments +€505,000
up €505,000 (+50.5%), from €1.0m to €1.5m
- Receivables within one year -€104,082
down €104,082 (-11.5%), from €906,368 to €802,286
of which Trade receivables: -€99,378
Equity and liabilities
- Other debts +€432,000
up €432,000 (+72.8%), from €593,200 to €1.0m
- Tax, wage and social debts +€347,270
up €347,270 (+193%), from €180,389 to €527,659
of which Taxes: +€331,788
Income statement
- Gross operating margin +€125,754
up €125,754 (+6.7%), from €1.9m to €2.0m
- Staff costs +€116,207
up €116,207 (+13.3%), from €874,334 to €990,541
- Depreciation +€51,744
up €51,744 (+34.1%), from €151,945 to €203,689
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.
Result 2024
€632,287
Gross operating margin
+€125,754
Staff costs
-€116,207
Depreciation
-€51,744
Other operating charges
+€6,053
Other operating items
-€822
Financial income
+€1,820
Financial charges
+€2,090
Taxes
+€9,480
Result 2025
€608,710
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.5m
Investment
-€2.9m
Financing
-€704,573
Cash 2024
€2.4m
From operations (derived)
+€3.5m
Net result for the year
+€608,710
Depreciation
+€203,689
Stocks and contracts
+€1.8m
Receivables within one year
+€104,082
Deferred charges and accrued income
+€13,676
Smaller working-capital items
-€1,486
Trade debts
+€59,049
Tax, wage and social debts
+€347,270
Other debts
+€432,000
Investment (derived)
-€2.9m
Investment in fixed assets (net)
-€2.4m
Current investments
-€505,000
Financing
-€704,573
Debts after one year
-€46,886
Current portion of long-term debt
-€19,769
Short-term financial debts
-€36,384
Contributions, distributions and other
-€601,533
Cash 2025
€2.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,524,331 | €9,265,301 | +€740,970 | +8.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,819,703 | €4,048,405 | +€2.2m | +122% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,819,703 | €4,048,405 | +€2.2m | +122% |
| Land and buildings | 22 | €1,402,152 | €3,627,264 | +€2.2m | +159% |
| Plant, machinery and equipment | 23 | €141,565 | €139,156 | -€2,408 | -1.7% |
| Furniture and vehicles | 24 | €275,987 | €281,985 | +€5,998 | +2.2% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €6,704,628 | €5,216,896 | -€1.5m | -22.2% |
| Stocks and contracts in progress | 3 | €2,351,974 | €569,386 | -€1.8m | -75.8% |
| Stocks | 30/36 | €2,351,974 | €569,386 | -€1.8m | -75.8% |
| Amounts receivable within one year | 40/41 | €906,368 | €802,286 | -€104,082 | -11.5% |
| Trade receivables | 40 | €879,279 | €779,901 | -€99,378 | -11.3% |
| Other amounts receivable | 41 | €27,089 | €22,385 | -€4,704 | -17.4% |
| Current investments | 50/53 | €1,000,000 | €1,505,000 | +€505,000 | +50.5% |
| Cash at bank and in hand | 54/58 | €2,427,079 | €2,334,693 | -€92,386 | -3.8% |
| Deferred charges and accrued income | 490/1 | €19,206 | €5,531 | -€13,676 | -71.2% |
| Total equity and liabilities | 10/49 | €8,524,331 | €9,265,301 | +€740,970 | +8.7% |
| Equity | 10/15 | €6,698,778 | €6,705,955 | +€7,177 | +0.1% |
| Contributions | 10/11 | €126,987 | €126,987 | = | 0.0% |
| Reserves | 13 | €6,536,023 | €6,544,733 | +€8,710 | +0.1% |
| Distributable reserves | 133 | €6,536,023 | €6,544,733 | +€8,710 | +0.1% |
| Investment grants | 15 | €35,769 | €34,236 | -€1,533 | -4.3% |
| Provisions and deferred taxes | 16 | €15,027 | €14,384 | -€644 | -4.3% |
| Deferred taxes | 168 | €15,027 | €14,384 | -€644 | -4.3% |
| Amounts payable | 17/49 | €1,810,526 | €2,544,963 | +€734,437 | +40.6% |
| Amounts payable after more than one year | 17 | €691,045 | €644,159 | -€46,886 | -6.8% |
| Financial debts | 170/4 | €691,045 | €644,159 | -€46,886 | -6.8% |
| Amounts payable within one year | 42/48 | €1,114,466 | €1,896,631 | +€782,165 | +70.2% |
| Current portion of amounts payable after more than one year | 42 | €122,549 | €102,780 | -€19,769 | -16.1% |
| Financial debts | 43 | €49,066 | €12,682 | -€36,384 | -74.2% |
| Credit institutions | 430/8 | €49,066 | €12,682 | -€36,384 | -74.2% |
| Trade debts | 44 | €169,262 | €228,311 | +€59,049 | +34.9% |
| Suppliers | 440/4 | €169,262 | €228,311 | +€59,049 | +34.9% |
| Taxes, remuneration and social security | 45 | €180,389 | €527,659 | +€347,270 | +193% |
| Taxes | 450/3 | €77,005 | €408,792 | +€331,788 | +431% |
| Remuneration and social security | 454/9 | €103,384 | €118,866 | +€15,482 | +15.0% |
| Other amounts payable | 47/48 | €593,200 | €1,025,200 | +€432,000 | +72.8% |
| Accrued charges and deferred income | 492/3 | €5,015 | €4,173 | -€842 | -16.8% |
| Non-recurring operating income | 76A | €20,192 | €3,267 | -€16,925 | -83.8% |
| Remuneration, social security and pensions | 62 | €874,334 | €990,541 | +€116,207 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,945 | €203,689 | +€51,744 | +34.1% |
| Other operating charges | 640/8 | €28,919 | €22,865 | -€6,053 | -20.9% |
| Non-recurring operating charges | 66A | €232 | €1,054 | +€822 | +355% |
| Gross operating margin | 9900 | €1,872,070 | €1,997,824 | +€125,754 | +6.7% |
| Operating profit (loss) | 9901 | €816,640 | €779,675 | -€36,965 | -4.5% |
| Financial income | 75/76B | €52,891 | €54,711 | +€1,820 | +3.4% |
| Recurring financial income | 75 | €52,891 | €54,711 | +€1,820 | +3.4% |
| Financial charges | 65/66B | €17,595 | €15,505 | -€2,090 | -11.9% |
| Recurring financial charges | 65 | €17,595 | €15,505 | -€2,090 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €851,936 | €818,881 | -€33,056 | -3.9% |
| Income taxes | 67/77 | €219,650 | €210,170 | -€9,480 | -4.3% |
| Profit (loss) for the period | 9904 | €632,287 | €608,710 | -€23,576 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €632,287 | €608,710 | -€23,576 | -3.7% |
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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 6 November 2026 via checked.be.