ALU2+: 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.
What changed
ALU2+
NACE 43.320, Joinery installation
fiscal year 31-03-2024 against 31-12-2024filed annual accounts (NBB)
Net result for the year
€145,677
31-03-2024 · €204,660-€58,983
Equity
€986,922
31-03-2024 · €841,244+€145,677
Cash
€415,051
31-03-2024 · €197,293+€217,758
Balance sheet total
€4.1m
31-03-2024 · €4.8m-€722,774
Largest movements
Assets
- Receivables within one year -€771,581
down €771,581 (-39.6%), from €1.9m to €1.2m
of which Trade receivables: -€758,604
- Cash +€217,758
up €217,758 (+110.4%), from €197,293 to €415,051
mainly Receivables within one year (+€771,581) and Stocks and contracts (+€186,512)
- Stocks and contracts -€186,512
down €186,512 (-15.7%), from €1.2m to €1.0m
of which Contracts in progress: -€236,072
Equity and liabilities
- Trade debts -€595,352
down €595,352 (-29.7%), from €2.0m to €1.4m
- Other debts -€198,173
down €198,173 (-98.2%), from €201,898 to €3,726
- Reserves +€145,677
up €145,677 (+17.7%), from €822,645 to €968,322
- Debts after one year -€69,459
down €69,459 (-8.7%), from €797,668 to €728,209
Income statement
- Goods and materials -€3.5m
down €3.5m (-30.5%), from €11.5m to €8.0m
of which Purchases: -€3.4m
- Turnover -€2.5m
down €2.5m (-19.2%), from €13.0m to €10.5m
- Services and other goods -€498,175
down €498,175 (-31.9%), from €1.6m to €1.1m
From the 31-03-2024 result to the 31-12-2024 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 31-03-2024
€204,660
Turnover
-€2.5m
Other operating income
-€38,880
Goods and materials
+€3.5m
Services and other goods
+€498,175
Staff costs
-€55,387
Depreciation
+€6,580
Write-downs
+€23,970
Other operating charges
-€62,196
Other operating items
-€1.4m
Financial income
+€551
Financial charges
+€31,202
Taxes
-€29,526
Result 31-12-2024
€145,677
Cash bridge derived
Derived from the 31-03-2024 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€402,721
Investment
-€128,705
Financing
-€56,258
Cash 31-03-2024
€197,293
From operations (derived)
+€402,721
Net result for the year
+€145,677
Depreciation
+€103,366
Stocks and contracts
+€186,512
Receivables within one year
+€771,581
Deferred charges and accrued income
+€7,779
Trade debts
-€595,352
Tax, wage and social debts
-€19,573
Other debts
-€198,173
Accrued charges and deferred income
+€904
Investment (derived)
-€128,705
Investment in fixed assets (net)
-€128,705
Financing
-€56,258
Debts after one year
-€69,459
Current portion of long-term debt
+€13,201
Cash 31-12-2024
€415,051
Every line side by side
| Line | Code | 31-03-2024 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,796,427 | €4,073,652 | -€722,774 | -15.1% |
| Fixed assets | 21/28 | €1,424,427 | €1,449,766 | +€25,339 | +1.8% |
| Tangible fixed assets | 22/27 | €1,424,427 | €1,449,766 | +€25,339 | +1.8% |
| Land and buildings | 22 | €329 | €143 | -€185 | -56.4% |
| Plant, machinery and equipment | 23 | €112,120 | €128,653 | +€16,534 | +14.7% |
| Furniture and vehicles | 24 | €56,710 | €46,874 | -€9,836 | -17.3% |
| Leasing and similar rights | 25 | €1,065,924 | €974,922 | -€91,002 | -8.5% |
| Other tangible fixed assets | 26 | €189,344 | €299,173 | +€109,829 | +58.0% |
| Current assets | 29/58 | €3,371,999 | €2,623,886 | -€748,113 | -22.2% |
| Stocks and contracts in progress | 3 | €1,189,222 | €1,002,710 | -€186,512 | -15.7% |
| Stocks | 30/36 | €62,091 | €111,650 | +€49,560 | +79.8% |
| Raw materials and consumables | 30/31 | €62,091 | €111,650 | +€49,560 | +79.8% |
| Contracts in progress | 37 | €1,127,131 | €891,059 | -€236,072 | -20.9% |
| Amounts receivable within one year | 40/41 | €1,949,560 | €1,177,980 | -€771,581 | -39.6% |
| Trade receivables | 40 | €1,380,401 | €621,798 | -€758,604 | -55.0% |
| Other amounts receivable | 41 | €569,159 | €556,182 | -€12,977 | -2.3% |
| Cash at bank and in hand | 54/58 | €197,293 | €415,051 | +€217,758 | +110.4% |
| Deferred charges and accrued income | 490/1 | €35,924 | €28,146 | -€7,779 | -21.7% |
| Total equity and liabilities | 10/49 | €4,796,427 | €4,073,652 | -€722,774 | -15.1% |
| Equity | 10/15 | €841,244 | €986,922 | +€145,677 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €822,645 | €968,322 | +€145,677 | +17.7% |
| Distributable reserves | 133 | €822,645 | €968,322 | +€145,677 | +17.7% |
| Amounts payable | 17/49 | €3,955,182 | €3,086,731 | -€868,452 | -22.0% |
| Amounts payable after more than one year | 17 | €797,668 | €728,209 | -€69,459 | -8.7% |
| Financial debts | 170/4 | €797,668 | €728,209 | -€69,459 | -8.7% |
| Leasing and similar obligations | 172 | €757,317 | €720,685 | -€36,631 | -4.8% |
| Credit institutions | 173 | €40,351 | €7,523 | -€32,828 | -81.4% |
| Amounts payable within one year | 42/48 | €3,152,313 | €2,352,417 | -€799,896 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €94,901 | €108,102 | +€13,201 | +13.9% |
| Financial debts | 43 | €650,000 | €650,000 | = | 0.0% |
| Credit institutions | 430/8 | €650,000 | €650,000 | = | 0.0% |
| Trade debts | 44 | €2,001,753 | €1,406,401 | -€595,352 | -29.7% |
| Suppliers | 440/4 | €2,001,753 | €1,406,401 | -€595,352 | -29.7% |
| Taxes, remuneration and social security | 45 | €203,761 | €184,188 | -€19,573 | -9.6% |
| Taxes | 450/3 | €73,916 | €76,079 | +€2,163 | +2.9% |
| Remuneration and social security | 454/9 | €129,845 | €108,109 | -€21,736 | -16.7% |
| Other amounts payable | 47/48 | €201,898 | €3,726 | -€198,173 | -98.2% |
| Accrued charges and deferred income | 492/3 | €5,202 | €6,105 | +€904 | +17.4% |
| Operating income | 70/76A | €14,227,400 | €10,309,355 | -€3.9m | -27.5% |
| Turnover | 70 | €12,998,908 | €10,500,127 | -€2.5m | -19.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,127,131 | -€236,072 | -€1.4m | |
| Own construction capitalised | 72 | €38,215 | €15,600 | -€22,615 | -59.2% |
| Other operating income | 74 | €61,129 | €22,249 | -€38,880 | -63.6% |
| Non-recurring operating income | 76A | €2,017 | €7,450 | +€5,433 | +269.4% |
| Operating charges | 60/66A | €13,913,689 | €10,056,854 | -€3.9m | -27.7% |
| Goods for resale, raw materials and consumables | 60 | €11,502,992 | €7,989,520 | -€3.5m | -30.5% |
| Purchases | 600/8 | €11,481,475 | €8,039,080 | -€3.4m | -30.0% |
| Change in stocks: decrease (increase) | 609 | €21,517 | -€49,560 | -€71,077 | |
| Services and other goods | 61 | €1,560,715 | €1,062,540 | -€498,175 | -31.9% |
| Remuneration, social security and pensions | 62 | €732,841 | €788,229 | +€55,387 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,945 | €103,366 | -€6,580 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€23,970 | -€23,970 | |
| Other operating charges | 640/8 | €7,195 | €69,391 | +€62,196 | +864.4% |
| Non-recurring operating charges | 66A | - | €67,778 | +€67,778 | |
| Operating profit (loss) | 9901 | €313,711 | €252,501 | -€61,210 | -19.5% |
| Financial income | 75/76B | €2,649 | €3,200 | +€551 | +20.8% |
| Recurring financial income | 75 | €2,649 | €3,200 | +€551 | +20.8% |
| Other financial income | 752/9 | €2,649 | €3,200 | +€551 | +20.8% |
| Financial charges | 65/66B | €83,961 | €52,759 | -€31,202 | -37.2% |
| Recurring financial charges | 65 | €83,961 | €52,759 | -€31,202 | -37.2% |
| Debt charges | 650 | €45,895 | €35,113 | -€10,782 | -23.5% |
| Other financial charges | 652/9 | €38,066 | €17,646 | -€20,420 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €232,400 | €202,942 | -€29,457 | -12.7% |
| Income taxes | 67/77 | €27,740 | €57,265 | +€29,526 | +106.4% |
| Taxes | 670/3 | €27,740 | €57,265 | +€29,526 | +106.4% |
| Profit (loss) for the period | 9904 | €204,660 | €145,677 | -€58,983 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €204,660 | €145,677 | -€58,983 | -28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.