AL Windows: what changed
What changed
AL Windows
NACE 43.320, Joinery installation
not consecutivefiled annual accounts (NBB)
Net result for the year
-€47,994
2024 · €2,553-€50,547
Equity
€357,607
2024 · €405,601-€47,994
Cash
€441,393
2024 · €317,025+€124,368
Balance sheet total
€2.2m
2024 · €2.4m-€146,969
Largest movements
Assets
- Stocks and contracts -€331,007
down €331,007 (-46.6%), from €710,571 to €379,564
of which Contracts in progress: -€251,666
- Cash +€124,368
up €124,368 (+39.2%), from €317,025 to €441,393
- Tangible fixed assets +€77,934
up €77,934 (+10.0%), from €779,071 to €857,005
of which Leasing and similar rights: +€91,822
Equity and liabilities
- Trade debts -€379,807
down €379,807 (-56.5%), from €671,741 to €291,935
- Short-term financial debts +€200,000
up €200,000 (+88.9%), from €225,000 to €425,000
of which Credit institutions: +€100,000
- Profit (loss) carried forward -€47,994
down €47,994 (-27.6%), from €173,741 to €125,747
- Tax, wage and social debts +€32,767
up €32,767 (+14.8%), from €221,618 to €254,386
of which Taxes: +€24,922
- Debts after one year +€27,553
up €27,553 (+3.8%), from €723,778 to €751,332
of which Financial debts: +€27,553
Income statement
- Staff costs +€600,574
up €600,574 (+40.8%), from €1.5m to €2.1m
- Gross operating margin +€575,523
up €575,523 (+33.7%), from €1.7m to €2.3m
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
€2,553
Gross operating margin
+€575,523
Staff costs
-€600,574
Depreciation
-€18,037
Write-downs
+€2,047
Other operating charges
-€1,684
Financial income
+€594
Financial charges
-€18,234
Taxes
+€9,817
Result 2025
-€47,994
raises the resultlowers the result
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,382,248 | €2,235,279 | -€146,969 | -6.2% |
| Fixed assets | 21/28 | €786,268 | €862,130 | +€75,862 | +9.6% |
| Intangible fixed assets | 21 | €7,197 | €5,125 | -€2,072 | -28.8% |
| Tangible fixed assets | 22/27 | €779,071 | €857,005 | +€77,934 | +10.0% |
| Land and buildings | 22 | €7,444 | €4,580 | -€2,864 | -38.5% |
| Plant, machinery and equipment | 23 | €60,569 | €51,999 | -€8,570 | -14.1% |
| Furniture and vehicles | 24 | €4,811 | €2,610 | -€2,201 | -45.8% |
| Leasing and similar rights | 25 | €705,559 | €797,382 | +€91,822 | +13.0% |
| Other tangible fixed assets | 26 | €687 | €434 | -€254 | -36.9% |
| Current assets | 29/58 | €1,595,980 | €1,373,149 | -€222,831 | -14.0% |
| Stocks and contracts in progress | 3 | €710,571 | €379,564 | -€331,007 | -46.6% |
| Stocks | 30/36 | €338,370 | €259,030 | -€79,340 | -23.4% |
| Contracts in progress | 37 | €372,200 | €120,534 | -€251,666 | -67.6% |
| Amounts receivable within one year | 40/41 | €561,370 | €551,688 | -€9,682 | -1.7% |
| Trade receivables | 40 | €466,387 | €462,935 | -€3,453 | -0.7% |
| Other amounts receivable | 41 | €94,982 | €88,754 | -€6,229 | -6.6% |
| Cash at bank and in hand | 54/58 | €317,025 | €441,393 | +€124,368 | +39.2% |
| Deferred charges and accrued income | 490/1 | €7,015 | €504 | -€6,511 | -92.8% |
| Total equity and liabilities | 10/49 | €2,382,248 | €2,235,279 | -€146,969 | -6.2% |
| Equity | 10/15 | €405,601 | €357,607 | -€47,994 | -11.8% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,741 | €125,747 | -€47,994 | -27.6% |
| Amounts payable | 17/49 | €1,976,647 | €1,877,672 | -€98,975 | -5.0% |
| Amounts payable after more than one year | 17 | €723,778 | €751,332 | +€27,553 | +3.8% |
| Financial debts | 170/4 | €573,778 | €601,332 | +€27,553 | +4.8% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,252,869 | €1,124,026 | -€128,843 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €132,259 | €149,889 | +€17,630 | +13.3% |
| Financial debts | 43 | €225,000 | €425,000 | +€200,000 | +88.9% |
| Credit institutions | 430/8 | €225,000 | €325,000 | +€100,000 | +44.4% |
| Other loans | 439 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €671,741 | €291,935 | -€379,807 | -56.5% |
| Suppliers | 440/4 | €671,741 | €291,935 | -€379,807 | -56.5% |
| Taxes, remuneration and social security | 45 | €221,618 | €254,386 | +€32,767 | +14.8% |
| Taxes | 450/3 | €16,228 | €41,151 | +€24,922 | +154% |
| Remuneration and social security | 454/9 | €205,390 | €213,235 | +€7,845 | +3.8% |
| Other amounts payable | 47/48 | €2,250 | €2,817 | +€567 | +25.2% |
| Accrued charges and deferred income | 492/3 | - | €2,314 | +€2,314 | |
| Remuneration, social security and pensions | 62 | €1,471,688 | €2,072,262 | +€600,574 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,855 | €177,892 | +€18,037 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,047 | - | -€2,047 | |
| Other operating charges | 640/8 | €2,856 | €4,540 | +€1,684 | +58.9% |
| Gross operating margin | 9900 | €1,706,076 | €2,281,599 | +€575,523 | +33.7% |
| Operating profit (loss) | 9901 | €69,630 | €26,905 | -€42,725 | -61.4% |
| Financial income | 75/76B | €17 | €611 | +€594 | +3,601% |
| Recurring financial income | 75 | €17 | €611 | +€594 | +3,601% |
| Financial charges | 65/66B | €56,621 | €74,854 | +€18,234 | +32.2% |
| Recurring financial charges | 65 | €56,621 | €74,854 | +€18,234 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €13,026 | -€47,338 | -€60,364 | |
| Income taxes | 67/77 | €10,472 | €656 | -€9,817 | -93.7% |
| Profit (loss) for the period | 9904 | €2,553 | -€47,994 | -€50,547 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,553 | -€47,994 | -€50,547 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.