ALTO SERVICES: 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
ALTO SERVICES
NACE 46.831, Wholesale of construction materials, general range
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€17,880
2024 · €50,586-€32,706
Equity
€1.6m
2024 · €1.6m+€17,880
Cash
€196,483
2024 · €170,775+€25,707
Balance sheet total
€3.7m
2024 · €2.6m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€737,583
up €737,583 (+136.5%), from €540,501 to €1.3m
of which Leasing and similar rights: +€686,738
- Stocks and contracts +€283,137
up €283,137 (+59.1%), from €479,394 to €762,531
of which Stocks: +€156,223
- Receivables within one year +€137,925
up €137,925 (+10.4%), from €1.3m to €1.5m
of which Trade receivables: +€113,314
Equity and liabilities
- Trade debts +€542,853
up €542,853 (+93.5%), from €580,834 to €1.1m
- Debts after one year +€538,951
up €538,951 (+598.5%), from €90,049 to €628,999
- Short-term financial debts +€91,761
new in 2025: €91,761
Income statement
- Turnover -€708,925
down €708,925 (-12.2%), from €5.8m to €5.1m
- Goods and materials -€397,727
down €397,727 (-10.6%), from €3.7m to €3.3m
of which Change in stocks: decrease (increase): -€295,498
- Depreciation +€111,293
up €111,293 (+78.5%), from €141,747 to €253,040
- Other operating income +€84,945
up €84,945 (+33.9%), from €250,634 to €335,579
- Write-downs -€67,230
down €67,230, from €4,746 to -€62,484
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
€50,586
Turnover
-€708,925
Other operating income
+€84,945
Goods and materials
+€397,727
Services and other goods
+€58,106
Staff costs
+€43,401
Depreciation
-€111,293
Write-downs
+€67,230
Other operating charges
-€42,315
Other operating items
+€164,529
Financial income
-€8,621
Financial charges
+€10,216
Taxes
+€12,295
Result 2025
€17,880
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
+€404,671
Investment
-€990,623
Financing
+€611,659
Cash 2024
€170,775
From operations (derived)
+€404,671
Net result for the year
+€17,880
Depreciation
+€253,040
Stocks and contracts
-€283,137
Receivables within one year
-€137,925
Smaller working-capital items
-€1,949
Trade debts
+€542,853
Tax, wage and social debts
+€13,909
Investment (derived)
-€990,623
Investment in fixed assets (net)
-€990,623
Financing
+€611,659
Debts after one year
+€538,951
Current portion of long-term debt
-€19,053
Short-term financial debts
+€91,761
Cash 2025
€196,483
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,553,870 | €3,739,609 | +€1.2m | +46.4% |
| Fixed assets | 21/28 | €540,501 | €1,278,084 | +€737,583 | +136.5% |
| Tangible fixed assets | 22/27 | €540,501 | €1,278,084 | +€737,583 | +136.5% |
| Land and buildings | 22 | €237,441 | €219,521 | -€17,919 | -7.5% |
| Plant, machinery and equipment | 23 | €85,370 | €83,682 | -€1,688 | -2.0% |
| Furniture and vehicles | 24 | €78,139 | €148,592 | +€70,453 | +90.2% |
| Leasing and similar rights | 25 | €139,552 | €826,289 | +€686,738 | +492.1% |
| Current assets | 29/58 | €2,013,369 | €2,461,526 | +€448,156 | +22.3% |
| Stocks and contracts in progress | 3 | €479,394 | €762,531 | +€283,137 | +59.1% |
| Stocks | 30/36 | €264,193 | €420,417 | +€156,223 | +59.1% |
| Raw materials and consumables | 30/31 | €264,193 | €420,417 | +€156,223 | +59.1% |
| Contracts in progress | 37 | €215,200 | €342,114 | +€126,914 | +59.0% |
| Amounts receivable within one year | 40/41 | €1,331,300 | €1,469,224 | +€137,925 | +10.4% |
| Trade receivables | 40 | €373,007 | €486,321 | +€113,314 | +30.4% |
| Other amounts receivable | 41 | €958,293 | €982,903 | +€24,610 | +2.6% |
| Cash at bank and in hand | 54/58 | €170,775 | €196,483 | +€25,707 | +15.1% |
| Deferred charges and accrued income | 490/1 | €31,900 | €33,288 | +€1,387 | +4.3% |
| Total equity and liabilities | 10/49 | €2,553,870 | €3,739,609 | +€1.2m | +46.4% |
| Equity | 10/15 | €1,576,383 | €1,594,263 | +€17,880 | +1.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €324,950 | €324,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €318,750 | €318,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,189,433 | €1,207,313 | +€17,880 | +1.5% |
| Amounts payable | 17/49 | €977,487 | €2,145,346 | +€1.2m | +119.5% |
| Amounts payable after more than one year | 17 | €90,049 | €628,999 | +€538,951 | +598.5% |
| Financial debts | 170/4 | €90,049 | €628,999 | +€538,951 | +598.5% |
| Leasing and similar obligations | 172 | €78,764 | €628,999 | +€550,235 | +698.6% |
| Credit institutions | 173 | €11,285 | - | -€11,285 | |
| Amounts payable within one year | 42/48 | €886,446 | €1,515,916 | +€629,470 | +71.0% |
| Current portion of amounts payable after more than one year | 42 | €161,798 | €142,744 | -€19,053 | -11.8% |
| Financial debts | 43 | - | €91,761 | +€91,761 | |
| Credit institutions | 430/8 | - | €91,761 | +€91,761 | |
| Trade debts | 44 | €580,834 | €1,123,687 | +€542,853 | +93.5% |
| Suppliers | 440/4 | €580,834 | €1,123,687 | +€542,853 | +93.5% |
| Taxes, remuneration and social security | 45 | €143,815 | €157,723 | +€13,909 | +9.7% |
| Taxes | 450/3 | €21,652 | €46,349 | +€24,697 | +114.1% |
| Remuneration and social security | 454/9 | €122,163 | €111,375 | -€10,788 | -8.8% |
| Accrued charges and deferred income | 492/3 | €992 | €430 | -€561 | -56.6% |
| Operating income | 70/76A | €6,011,541 | €5,552,090 | -€459,451 | -7.6% |
| Turnover | 70 | €5,798,522 | €5,089,597 | -€708,925 | -12.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€37,616 | €126,914 | +€164,529 | |
| Other operating income | 74 | €250,634 | €335,579 | +€84,945 | +33.9% |
| Operating charges | 60/66A | €5,904,765 | €5,491,909 | -€412,856 | -7.0% |
| Goods for resale, raw materials and consumables | 60 | €3,737,313 | €3,339,586 | -€397,727 | -10.6% |
| Purchases | 600/8 | €3,598,038 | €3,495,809 | -€102,229 | -2.8% |
| Change in stocks: decrease (increase) | 609 | €139,275 | -€156,223 | -€295,498 | |
| Services and other goods | 61 | €638,714 | €580,608 | -€58,106 | -9.1% |
| Remuneration, social security and pensions | 62 | €1,333,884 | €1,290,483 | -€43,401 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,747 | €253,040 | +€111,293 | +78.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,746 | -€62,484 | -€67,230 | |
| Other operating charges | 640/8 | €48,361 | €90,676 | +€42,315 | +87.5% |
| Operating profit (loss) | 9901 | €106,776 | €60,181 | -€46,595 | -43.6% |
| Financial income | 75/76B | €40,502 | €31,881 | -€8,621 | -21.3% |
| Recurring financial income | 75 | €40,502 | €31,881 | -€8,621 | -21.3% |
| Other financial income | 752/9 | €40,502 | €31,881 | -€8,621 | -21.3% |
| Financial charges | 65/66B | €71,732 | €61,516 | -€10,216 | -14.2% |
| Recurring financial charges | 65 | €71,732 | €61,516 | -€10,216 | -14.2% |
| Debt charges | 650 | €43,893 | €36,365 | -€7,528 | -17.2% |
| Other financial charges | 652/9 | €27,839 | €25,151 | -€2,688 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €75,546 | €30,546 | -€45,000 | -59.6% |
| Income taxes | 67/77 | €24,961 | €12,666 | -€12,295 | -49.3% |
| Taxes | 670/3 | €24,961 | €12,666 | -€12,295 | -49.3% |
| Profit (loss) for the period | 9904 | €50,586 | €17,880 | -€32,706 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,586 | €17,880 | -€32,706 | -64.7% |
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 9 October 2026 via checked.be.