ALU CONSTRUCT: what changed
Two fiscal 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.
ALU CONSTRUCT
Largest movements
- Receivables within one year -€112,071
down €112,071 (-91.6%), from €122,356 to €10,285
of which Other amounts receivable: -€70,380
- Receivables after one year +€69,000
new in 2025: €69,000
- Cash +€44,855
up €44,855 (+524.2%), from €8,558 to €53,413
mainly Receivables within one year (+€112,071) and Net result for the year (+€11,923)
- Other debts +€5,194
up €5,194 (+22.7%), from €22,881 to €28,075
- Trade debts -€3,672
down €3,672 (-38.5%), from €9,546 to €5,873
- Gross operating margin -€18,033
down €18,033 (-46.0%), from €39,187 to €21,154
- Taxes -€5,360
down €5,360 (-42.5%), from €12,620 to €7,260
- Financial charges -€1,216
down €1,216 (-87.8%), from €1,385 to €168
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,080 | €214,954 | +€874 | +0.4% |
| Fixed assets | 21/28 | €77,609 | €76,529 | -€1,080 | -1.4% |
| Tangible fixed assets | 22/27 | €2,609 | €1,529 | -€1,080 | -41.4% |
| Furniture and vehicles | 24 | €2,609 | €1,529 | -€1,080 | -41.4% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €136,471 | €138,424 | +€1,953 | +1.4% |
| Amounts receivable after more than one year | 29 | - | €69,000 | +€69,000 | |
| Other amounts receivable | 291 | - | €69,000 | +€69,000 | |
| Amounts receivable within one year | 40/41 | €122,356 | €10,285 | -€112,071 | -91.6% |
| Trade receivables | 40 | €51,976 | €10,285 | -€41,691 | -80.2% |
| Other amounts receivable | 41 | €70,380 | €0 | -€70,380 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,558 | €53,413 | +€44,855 | +524.2% |
| Deferred charges and accrued income | 490/1 | €5,557 | €5,727 | +€169 | +3.0% |
| Total equity and liabilities | 10/49 | €214,080 | €214,954 | +€874 | +0.4% |
| Equity | 10/15 | €167,226 | €165,649 | -€1,577 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,626 | €147,049 | -€1,577 | -1.1% |
| Distributable reserves | 133 | €148,626 | €147,049 | -€1,577 | -1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,854 | €49,304 | +€2,450 | +5.2% |
| Amounts payable within one year | 42/48 | €45,745 | €48,043 | +€2,298 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,546 | €5,873 | -€3,672 | -38.5% |
| Suppliers | 440/4 | €9,546 | €5,873 | -€3,672 | -38.5% |
| Taxes, remuneration and social security | 45 | €13,319 | €14,095 | +€777 | +5.8% |
| Taxes | 450/3 | €11,365 | €11,932 | +€568 | +5.0% |
| Remuneration and social security | 454/9 | €1,954 | €2,163 | +€209 | +10.7% |
| Other amounts payable | 47/48 | €22,881 | €28,075 | +€5,194 | +22.7% |
| Accrued charges and deferred income | 492/3 | €1,109 | €1,261 | +€152 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €955 | €1,080 | +€124 | +13.0% |
| Other operating charges | 640/8 | €921 | €723 | -€198 | -21.5% |
| Gross operating margin | 9900 | €39,187 | €21,154 | -€18,033 | -46.0% |
| Operating profit (loss) | 9901 | €37,311 | €19,352 | -€17,959 | -48.1% |
| Financial charges | 65/66B | €1,385 | €168 | -€1,216 | -87.8% |
| Recurring financial charges | 65 | €1,385 | €168 | -€1,216 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €35,926 | €19,183 | -€16,743 | -46.6% |
| Income taxes | 67/77 | €12,620 | €7,260 | -€5,360 | -42.5% |
| Profit (loss) for the period | 9904 | €23,307 | €11,923 | -€11,383 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,307 | €11,923 | -€11,383 | -48.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.