ALU - TEC: 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.
ALU - TEC
Largest movements
- Tangible fixed assets -€20,425
down €20,425 (-30.1%), from €67,757 to €47,332
of which Furniture and vehicles: -€15,378
- Cash -€7,803
down €7,803 (-8.1%), from €96,722 to €88,919
mainly Debts after one year (-€14,216) and Other debts (-€4,051)
- Debts after one year -€14,216
down €14,216 (-79.8%), from €17,808 to €3,592
- Other debts -€4,051
no longer reported in 2025 (was €4,051)
- Profit (loss) carried forward -€3,360
down €3,360 (-11.0%), from -€30,513 to -€33,873
- Current portion of long-term debt -€2,892
down €2,892 (-16.9%), from €17,108 to €14,216
- Tax, wage and social debts -€2,049
no longer reported in 2025 (was €2,049)
- Gross operating margin -€44,148
down €44,148 (-65.9%), from €67,039 to €22,891
- Depreciation -€4,158
down €4,158 (-16.4%), from €25,311 to €21,153
- Other operating charges -€1,021
down €1,021 (-24.1%), from €4,235 to €3,215
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,008 | €164,154 | -€27,854 | -14.5% |
| Fixed assets | 21/28 | €67,757 | €47,332 | -€20,425 | -30.1% |
| Tangible fixed assets | 22/27 | €67,757 | €47,332 | -€20,425 | -30.1% |
| Land and buildings | 22 | €24,768 | €20,519 | -€4,249 | -17.2% |
| Plant, machinery and equipment | 23 | €2,727 | €1,929 | -€798 | -29.3% |
| Furniture and vehicles | 24 | €40,263 | €24,884 | -€15,378 | -38.2% |
| Current assets | 29/58 | €124,251 | €116,822 | -€7,429 | -6.0% |
| Amounts receivable within one year | 40/41 | €22,317 | €21,673 | -€644 | -2.9% |
| Trade receivables | 40 | €11,599 | €12,216 | +€617 | +5.3% |
| Other amounts receivable | 41 | €10,718 | €9,457 | -€1,261 | -11.8% |
| Cash at bank and in hand | 54/58 | €96,722 | €88,919 | -€7,803 | -8.1% |
| Deferred charges and accrued income | 490/1 | €5,212 | €6,229 | +€1,018 | +19.5% |
| Total equity and liabilities | 10/49 | €192,008 | €164,154 | -€27,854 | -14.5% |
| Equity | 10/15 | €141,748 | €138,388 | -€3,360 | -2.4% |
| Contributions | 10/11 | €129,161 | €129,161 | = | 0.0% |
| Reserves | 13 | €43,100 | €43,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,250 | €18,250 | = | 0.0% |
| Distributable reserves | 133 | €24,850 | €24,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,513 | -€33,873 | -€3,360 | -11.0% |
| Amounts payable | 17/49 | €50,260 | €25,766 | -€24,494 | -48.7% |
| Amounts payable after more than one year | 17 | €17,808 | €3,592 | -€14,216 | -79.8% |
| Financial debts | 170/4 | €17,808 | €3,592 | -€14,216 | -79.8% |
| Amounts payable within one year | 42/48 | €32,452 | €22,174 | -€10,278 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €17,108 | €14,216 | -€2,892 | -16.9% |
| Trade debts | 44 | €9,245 | €7,958 | -€1,287 | -13.9% |
| Suppliers | 440/4 | €9,245 | €7,958 | -€1,287 | -13.9% |
| Taxes, remuneration and social security | 45 | €2,049 | - | -€2,049 | |
| Taxes | 450/3 | €2,049 | - | -€2,049 | |
| Other amounts payable | 47/48 | €4,051 | - | -€4,051 | |
| Non-recurring operating income | 76A | €681 | €7,864 | +€7,182 | +1,054% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,311 | €21,153 | -€4,158 | -16.4% |
| Other operating charges | 640/8 | €4,235 | €3,215 | -€1,021 | -24.1% |
| Gross operating margin | 9900 | €67,039 | €22,891 | -€44,148 | -65.9% |
| Operating profit (loss) | 9901 | €37,493 | -€1,477 | -€38,970 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -64.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -64.7% |
| Financial charges | 65/66B | €1,640 | €1,884 | +€244 | +14.9% |
| Recurring financial charges | 65 | €1,640 | €1,884 | +€244 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €35,854 | -€3,360 | -€39,214 | |
| Profit (loss) for the period | 9904 | €35,854 | -€3,360 | -€39,214 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,854 | -€3,360 | -€39,214 |
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 18 October 2026 via checked.be.