ALU CONSTRUCT MALENGIER: what changed
What changed
ALU CONSTRUCT MALENGIER
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€262,486
2024 · €307,629-€45,143
Equity
€1.2m
2024 · €942,771+€262,486
Cash
€175,176
2024 · €368,682-€193,506
Balance sheet total
€1.8m
2024 · €1.7m+€84,580
Largest movements
Assets
- Financial fixed assets -€802,000
down €802,000 (-100%), from €802,000 to €0
- Intangible fixed assets +€433,823
new in 2025: €433,823
- Current investments +€325,269
new in 2025: €325,269
- Receivables within one year +€196,351
up €196,351 (+106%), from €185,757 to €382,108
of which Other amounts receivable: +€231,767
- Cash -€193,506
down €193,506 (-52.5%), from €368,682 to €175,176
mainly Current investments (-€325,269) and Receivables within one year (-€196,351)
Equity and liabilities
- Reserves +€262,486
up €262,486 (+28.4%), from €922,771 to €1.2m
of which Distributable reserves: +€262,486
- Other debts -€110,726
down €110,726 (-49.1%), from €225,621 to €114,895
- Debts after one year -€45,236
down €45,236 (-12.7%), from €356,252 to €311,016
Income statement
- Depreciation +€123,780
up €123,780 (+306%), from €40,430 to €164,210
- Gross operating margin +€90,029
up €90,029 (+11.8%), from €763,632 to €853,661
- Staff costs +€31,076
up €31,076 (+11.3%), from €275,068 to €306,144
- Taxes -€19,725
down €19,725 (-14.3%), from €138,313 to €118,588
- Other operating charges +€10,978
up €10,978 (+512%), from €2,146 to €13,124
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
€307,629
Gross operating margin
+€90,029
Staff costs
-€31,076
Depreciation
-€123,780
Other operating charges
-€10,978
Financial income
+€6,485
Financial charges
+€4,452
Taxes
+€19,725
Result 2025
€262,486
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€73,529
Investment
-€205,992
Financing
-€61,043
Cash 2024
€368,682
From operations (derived)
+€73,529
Net result for the year
+€262,486
Depreciation
+€164,210
Stocks and contracts
-€32,500
Receivables within one year
-€196,351
Deferred charges and accrued income
-€7,452
Trade debts
+€7,959
Tax, wage and social debts
-€2,204
Advances received
-€7,450
Other debts
-€110,726
Accrued charges and deferred income
-€4,442
Investment (derived)
-€205,992
Investment in fixed assets (net)
+€119,278
Current investments
-€325,269
Financing
-€61,043
Debts after one year
-€45,236
Current portion of long-term debt
-€15,806
Cash 2025
€175,176
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,688,421 | €1,773,001 | +€84,580 | +5.0% |
| Fixed assets | 21/28 | €960,545 | €677,058 | -€283,487 | -29.5% |
| Intangible fixed assets | 21 | - | €433,823 | +€433,823 | |
| Tangible fixed assets | 22/27 | €158,545 | €243,235 | +€84,689 | +53.4% |
| Land and buildings | 22 | - | €127,040 | +€127,040 | |
| Plant, machinery and equipment | 23 | €96,186 | €74,509 | -€21,677 | -22.5% |
| Furniture and vehicles | 24 | €62,360 | €41,686 | -€20,674 | -33.2% |
| Financial fixed assets | 28 | €802,000 | €0 | -€802,000 | -100% |
| Current assets | 29/58 | €727,876 | €1,095,943 | +€368,067 | +50.6% |
| Stocks and contracts in progress | 3 | €165,000 | €197,500 | +€32,500 | +19.7% |
| Stocks | 30/36 | €40,000 | €62,500 | +€22,500 | +56.3% |
| Contracts in progress | 37 | €125,000 | €135,000 | +€10,000 | +8.0% |
| Amounts receivable within one year | 40/41 | €185,757 | €382,108 | +€196,351 | +106% |
| Trade receivables | 40 | €113,247 | €77,832 | -€35,415 | -31.3% |
| Other amounts receivable | 41 | €72,509 | €304,276 | +€231,767 | +320% |
| Current investments | 50/53 | - | €325,269 | +€325,269 | |
| Cash at bank and in hand | 54/58 | €368,682 | €175,176 | -€193,506 | -52.5% |
| Deferred charges and accrued income | 490/1 | €8,437 | €15,890 | +€7,452 | +88.3% |
| Total equity and liabilities | 10/49 | €1,688,421 | €1,773,001 | +€84,580 | +5.0% |
| Equity | 10/15 | €942,771 | €1,205,257 | +€262,486 | +27.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €922,771 | €1,185,257 | +€262,486 | +28.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €920,771 | €1,183,257 | +€262,486 | +28.5% |
| Amounts payable | 17/49 | €745,650 | €567,744 | -€177,906 | -23.9% |
| Amounts payable after more than one year | 17 | €356,252 | €311,016 | -€45,236 | -12.7% |
| Financial debts | 170/4 | €356,252 | €311,016 | -€45,236 | -12.7% |
| Amounts payable within one year | 42/48 | €381,842 | €253,615 | -€128,227 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €61,043 | €45,236 | -€15,806 | -25.9% |
| Trade debts | 44 | €23,753 | €31,712 | +€7,959 | +33.5% |
| Suppliers | 440/4 | €23,753 | €31,712 | +€7,959 | +33.5% |
| Advances received on contracts in progress | 46 | €7,450 | €0 | -€7,450 | -100% |
| Taxes, remuneration and social security | 45 | €63,975 | €61,771 | -€2,204 | -3.4% |
| Taxes | 450/3 | €20,835 | €9,715 | -€11,121 | -53.4% |
| Remuneration and social security | 454/9 | €43,140 | €52,056 | +€8,917 | +20.7% |
| Other amounts payable | 47/48 | €225,621 | €114,895 | -€110,726 | -49.1% |
| Accrued charges and deferred income | 492/3 | €7,556 | €3,114 | -€4,442 | -58.8% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €275,068 | €306,144 | +€31,076 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,430 | €164,210 | +€123,780 | +306% |
| Other operating charges | 640/8 | €2,146 | €13,124 | +€10,978 | +512% |
| Gross operating margin | 9900 | €763,632 | €853,661 | +€90,029 | +11.8% |
| Operating profit (loss) | 9901 | €445,989 | €370,183 | -€75,806 | -17.0% |
| Financial income | 75/76B | €16,099 | €22,584 | +€6,485 | +40.3% |
| Recurring financial income | 75 | €16,099 | €22,584 | +€6,485 | +40.3% |
| Financial charges | 65/66B | €16,146 | €11,694 | -€4,452 | -27.6% |
| Recurring financial charges | 65 | €16,146 | €11,694 | -€4,452 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €445,942 | €381,074 | -€64,868 | -14.5% |
| Income taxes | 67/77 | €138,313 | €118,588 | -€19,725 | -14.3% |
| Profit (loss) for the period | 9904 | €307,629 | €262,486 | -€45,143 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €307,629 | €262,486 | -€45,143 | -14.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.