ALTERNATIVE TECHNICAL SOLUTIONS: 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
ALTERNATIVE TECHNICAL SOLUTIONS
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,298
2024 · €83,261-€52,962
Equity
€241,065
2024 · €243,450-€2,386
Cash
€134,194
2024 · €138,714-€4,520
Balance sheet total
€469,882
2024 · €541,960-€72,078
Largest movements
Assets
- Receivables within one year -€48,013
down €48,013 (-57.9%), from €82,992 to €34,979
of which Trade receivables: -€58,007
- Tangible fixed assets -€31,109
down €31,109 (-11.2%), from €277,931 to €246,822
- Stocks and contracts +€11,977
up €11,977 (+130%), from €9,204 to €21,181
Equity and liabilities
- Trade debts -€40,580
down €40,580 (-93.4%), from €43,433 to €2,853
- Debts after one year -€31,272
down €31,272 (-16.4%), from €190,265 to €158,993
- Other debts +€30,000
up €30,000 (+5,357%), from €560 to €30,560
- Tax, wage and social debts -€23,771
down €23,771 (-93.4%), from €25,454 to €1,683
of which Taxes: -€15,558
Income statement
- Gross operating margin -€135,614
down €135,614 (-55.9%), from €242,457 to €106,843
- Staff costs -€58,317
down €58,317 (-85.4%), from €68,265 to €9,949
- Taxes -€14,601
down €14,601 (-67.6%), from €21,587 to €6,986
- Other operating charges -€2,845
down €2,845 (-19.6%), from €14,523 to €11,677
- Depreciation -€2,797
down €2,797 (-6.1%), from €45,705 to €42,908
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
€83,261
Gross operating margin
-€135,614
Staff costs
+€58,317
Depreciation
+€2,797
Write-downs
+€1,550
Other operating charges
+€2,845
Other operating items
+€654
Financial income
+€229
Financial charges
+€1,659
Taxes
+€14,601
Result 2025
€30,298
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€76,377
Investment
-€11,891
Financing
-€69,005
Cash 2024
€138,714
From operations (derived)
+€76,377
Net result for the year
+€30,298
Depreciation
+€42,908
Stocks and contracts
-€11,977
Receivables within one year
+€48,013
Deferred charges and accrued income
+€505
Provisions
-€800
Trade debts
-€40,580
Tax, wage and social debts
-€23,771
Other debts
+€30,000
Accrued charges and deferred income
+€1,780
Investment (derived)
-€11,891
Investment in fixed assets (net)
-€11,799
Current investments
-€91
Financing
-€69,005
Debts after one year
-€31,272
Current portion of long-term debt
-€5,049
Contributions, distributions and other
-€32,684
Cash 2025
€134,194
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €541,960 | €469,882 | -€72,078 | -13.3% |
| Fixed assets | 21/28 | €277,931 | €246,822 | -€31,109 | -11.2% |
| Tangible fixed assets | 22/27 | €277,931 | €246,822 | -€31,109 | -11.2% |
| Land and buildings | 22 | €205,857 | €202,947 | -€2,910 | -1.4% |
| Plant, machinery and equipment | 23 | €23,259 | €14,763 | -€8,496 | -36.5% |
| Furniture and vehicles | 24 | €38,806 | €23,537 | -€15,269 | -39.3% |
| Other tangible fixed assets | 26 | €10,009 | €5,574 | -€4,435 | -44.3% |
| Current assets | 29/58 | €264,029 | €223,060 | -€40,969 | -15.5% |
| Stocks and contracts in progress | 3 | €9,204 | €21,181 | +€11,977 | +130% |
| Stocks | 30/36 | €9,204 | €21,181 | +€11,977 | +130% |
| Amounts receivable within one year | 40/41 | €82,992 | €34,979 | -€48,013 | -57.9% |
| Trade receivables | 40 | €75,306 | €17,299 | -€58,007 | -77.0% |
| Other amounts receivable | 41 | €7,687 | €17,681 | +€9,994 | +130% |
| Current investments | 50/53 | €30,284 | €30,376 | +€91 | +0.3% |
| Cash at bank and in hand | 54/58 | €138,714 | €134,194 | -€4,520 | -3.3% |
| Deferred charges and accrued income | 490/1 | €2,835 | €2,330 | -€505 | -17.8% |
| Total equity and liabilities | 10/49 | €541,960 | €469,882 | -€72,078 | -13.3% |
| Equity | 10/15 | €243,450 | €241,065 | -€2,386 | -1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,878 | €18,878 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,018 | €17,018 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,123 | €195,421 | +€298 | +0.2% |
| Investment grants | 15 | €23,249 | €20,565 | -€2,684 | -11.5% |
| Provisions and deferred taxes | 16 | €7,371 | €6,570 | -€800 | -10.9% |
| Deferred taxes | 168 | €7,371 | €6,570 | -€800 | -10.9% |
| Amounts payable | 17/49 | €291,139 | €222,247 | -€68,892 | -23.7% |
| Amounts payable after more than one year | 17 | €190,265 | €158,993 | -€31,272 | -16.4% |
| Financial debts | 170/4 | €190,265 | €158,993 | -€31,272 | -16.4% |
| Amounts payable within one year | 42/48 | €99,210 | €59,810 | -€39,400 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €29,763 | €24,714 | -€5,049 | -17.0% |
| Trade debts | 44 | €43,433 | €2,853 | -€40,580 | -93.4% |
| Suppliers | 440/4 | €43,433 | €2,853 | -€40,580 | -93.4% |
| Taxes, remuneration and social security | 45 | €25,454 | €1,683 | -€23,771 | -93.4% |
| Taxes | 450/3 | €15,558 | - | -€15,558 | |
| Remuneration and social security | 454/9 | €9,896 | €1,683 | -€8,213 | -83.0% |
| Other amounts payable | 47/48 | €560 | €30,560 | +€30,000 | +5,357% |
| Accrued charges and deferred income | 492/3 | €1,664 | €3,444 | +€1,780 | +107% |
| Non-recurring operating income | 76A | €5,098 | - | -€5,098 | |
| Remuneration, social security and pensions | 62 | €68,265 | €9,949 | -€58,317 | -85.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,705 | €42,908 | -€2,797 | -6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,550 | - | -€1,550 | |
| Other operating charges | 640/8 | €14,523 | €11,677 | -€2,845 | -19.6% |
| Non-recurring operating charges | 66A | €654 | - | -€654 | |
| Gross operating margin | 9900 | €242,457 | €106,843 | -€135,614 | -55.9% |
| Operating profit (loss) | 9901 | €111,760 | €42,309 | -€69,451 | -62.1% |
| Financial income | 75/76B | €2,829 | €3,058 | +€229 | +8.1% |
| Recurring financial income | 75 | €2,829 | €3,058 | +€229 | +8.1% |
| Financial charges | 65/66B | €10,542 | €8,883 | -€1,659 | -15.7% |
| Recurring financial charges | 65 | €10,542 | €8,883 | -€1,659 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €104,047 | €36,484 | -€67,563 | -64.9% |
| Transfer from deferred taxes | 780 | €800 | €800 | = | 0.0% |
| Income taxes | 67/77 | €21,587 | €6,986 | -€14,601 | -67.6% |
| Profit (loss) for the period | 9904 | €83,261 | €30,298 | -€52,962 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,261 | €30,298 | -€52,962 | -63.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.