ALITECH: 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
ALITECH
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€855,663
2024 · €1.5m-€628,891
Equity
€5.4m
2024 · €4.8m+€597,447
Cash
€408,835
2024 · €1.5m-€1.1m
Balance sheet total
€7.9m
2024 · €8.5m-€621,310
Largest movements
Assets
- Cash -€1.1m
down €1.1m (-72.3%), from €1.5m to €408,835
mainly Advances received (-€1.7m) and Receivables within one year (-€553,216)
- Receivables within one year +€553,216
up €553,216 (+9.0%), from €6.2m to €6.7m
of which Other amounts receivable: +€1.1m
Equity and liabilities
- Advances received -€1.7m
down €1.7m (-89.8%), from €1.9m to €196,415
- Trade debts +€633,876
up €633,876 (+175.7%), from €360,673 to €994,549
- Reserves +€597,447
up €597,447 (+12.6%), from €4.7m to €5.3m
of which Distributable reserves: +€599,900
- Short-term financial debts +€531,031
up €531,031 (+265.3%), from €200,200 to €731,230
- Tax, wage and social debts -€467,821
down €467,821 (-79.6%), from €587,742 to €119,921
of which Taxes: -€470,331
Income statement
- Gross operating margin -€874,696
down €874,696 (-22.3%), from €3.9m to €3.1m
- Taxes -€376,686
down €376,686 (-48.1%), from €782,871 to €406,185
- Staff costs +€81,603
up €81,603 (+5.7%), from €1.4m to €1.5m
- Depreciation +€59,148
up €59,148 (+35.4%), from €167,090 to €226,238
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
€1.5m
Gross operating margin
-€874,696
Staff costs
-€81,603
Depreciation
-€59,148
Write-downs
+€5,548
Other operating charges
+€15,897
Other operating items
+€8,541
Financial income
+€7,919
Financial charges
+€301
Taxes
+€376,686
Deferred taxes and other
-€28,334
Result 2025
€855,663
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
-€992,379
Investment
-€161,660
Financing
+€87,429
Cash 2024
€1.5m
From operations (derived)
-€992,379
Net result for the year
+€855,663
Depreciation
+€226,238
Stocks and contracts
+€50,001
Receivables within one year
-€553,216
Deferred charges and accrued income
-€6,663
Smaller working-capital items
-€405
Trade debts
+€633,876
Tax, wage and social debts
-€467,821
Advances received
-€1.7m
Investment (derived)
-€161,660
Investment in fixed assets (net)
-€161,661
Current investments
+€1
Financing
+€87,429
Debts after one year
-€159,547
Current portion of long-term debt
-€25,839
Short-term financial debts
+€531,031
Contributions, distributions and other
-€258,215
Cash 2025
€408,835
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,519,844 | €7,898,534 | -€621,310 | -7.3% |
| Fixed assets | 21/28 | €658,355 | €593,778 | -€64,577 | -9.8% |
| Tangible fixed assets | 22/27 | €657,615 | €593,038 | -€64,577 | -9.8% |
| Plant, machinery and equipment | 23 | €420,716 | €351,921 | -€68,795 | -16.4% |
| Furniture and vehicles | 24 | €236,899 | €237,600 | +€701 | +0.3% |
| Other tangible fixed assets | 26 | - | €3,518 | +€3,518 | |
| Financial fixed assets | 28 | €740 | €740 | = | 0.0% |
| Current assets | 29/58 | €7,861,489 | €7,304,756 | -€556,733 | -7.1% |
| Stocks and contracts in progress | 3 | €202,496 | €152,495 | -€50,001 | -24.7% |
| Stocks | 30/36 | €202,496 | €152,495 | -€50,001 | -24.7% |
| Amounts receivable within one year | 40/41 | €6,165,286 | €6,718,502 | +€553,216 | +9.0% |
| Trade receivables | 40 | €2,766,116 | €2,202,822 | -€563,293 | -20.4% |
| Other amounts receivable | 41 | €3,399,171 | €4,515,680 | +€1.1m | +32.8% |
| Current investments | 50/53 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €1,475,444 | €408,835 | -€1.1m | -72.3% |
| Deferred charges and accrued income | 490/1 | €18,261 | €24,925 | +€6,663 | +36.5% |
| Total equity and liabilities | 10/49 | €8,519,844 | €7,898,534 | -€621,310 | -7.3% |
| Equity | 10/15 | €4,754,178 | €5,351,625 | +€597,447 | +12.6% |
| Contributions | 10/11 | €30,112 | €30,112 | = | 0.0% |
| Reserves | 13 | €4,724,065 | €5,321,513 | +€597,447 | +12.6% |
| Non-distributable reserves | 130/1 | €26,014 | €26,014 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,014 | €26,014 | = | 0.0% |
| Tax-exempt reserves | 132 | €119,461 | €117,009 | -€2,453 | -2.1% |
| Distributable reserves | 133 | €4,578,590 | €5,178,490 | +€599,900 | +13.1% |
| Provisions and deferred taxes | 16 | €39,821 | €39,003 | -€818 | -2.1% |
| Deferred taxes | 168 | €39,821 | €39,003 | -€818 | -2.1% |
| Amounts payable | 17/49 | €3,725,846 | €2,507,907 | -€1.2m | -32.7% |
| Amounts payable after more than one year | 17 | €389,580 | €230,033 | -€159,547 | -41.0% |
| Financial debts | 170/4 | €389,580 | €230,033 | -€159,547 | -41.0% |
| Amounts payable within one year | 42/48 | €3,336,266 | €2,277,874 | -€1.1m | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €258,797 | €232,958 | -€25,839 | -10.0% |
| Financial debts | 43 | €200,200 | €731,230 | +€531,031 | +265.3% |
| Credit institutions | 430/8 | €200,200 | €731,230 | +€531,031 | +265.3% |
| Trade debts | 44 | €360,673 | €994,549 | +€633,876 | +175.7% |
| Suppliers | 440/4 | €360,673 | €994,549 | +€633,876 | +175.7% |
| Advances received on contracts in progress | 46 | €1,926,466 | €196,415 | -€1.7m | -89.8% |
| Taxes, remuneration and social security | 45 | €587,742 | €119,921 | -€467,821 | -79.6% |
| Taxes | 450/3 | €484,096 | €13,765 | -€470,331 | -97.2% |
| Remuneration and social security | 454/9 | €103,646 | €106,156 | +€2,511 | +2.4% |
| Other amounts payable | 47/48 | €2,388 | €2,801 | +€413 | +17.3% |
| Remuneration, social security and pensions | 62 | €1,436,774 | €1,518,377 | +€81,603 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,090 | €226,238 | +€59,148 | +35.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,548 | - | -€5,548 | |
| Other operating charges | 640/8 | €38,589 | €22,693 | -€15,897 | -41.2% |
| Non-recurring operating charges | 66A | €8,541 | - | -€8,541 | |
| Gross operating margin | 9900 | €3,927,336 | €3,052,640 | -€874,696 | -22.3% |
| Operating profit (loss) | 9901 | €2,270,794 | €1,285,332 | -€985,462 | -43.4% |
| Financial income | 75/76B | €11,998 | €19,916 | +€7,919 | +66.0% |
| Recurring financial income | 75 | €11,998 | €19,916 | +€7,919 | +66.0% |
| Financial charges | 65/66B | €44,518 | €44,218 | -€301 | -0.7% |
| Recurring financial charges | 65 | €44,518 | €44,218 | -€301 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €2,238,273 | €1,261,030 | -€977,243 | -43.7% |
| Transfer from deferred taxes | 780 | €29,152 | €818 | -€28,334 | -97.2% |
| Income taxes | 67/77 | €782,871 | €406,185 | -€376,686 | -48.1% |
| Profit (loss) for the period | 9904 | €1,484,554 | €855,663 | -€628,891 | -42.4% |
| Transfer from tax-exempt reserves | 789 | €87,456 | €2,453 | -€85,003 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,572,010 | €858,115 | -€713,894 | -45.4% |
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 10 October 2026 via checked.be.