ALUCOTEC: 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
ALUCOTEC
NACE 43.320, Joinery installation
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€24,834
2023 · €13,205+€11,629
Equity
€190,411
2023 · €165,577+€24,834
Cash
€115,465
2023 · €79,248+€36,218
Balance sheet total
€1.2m
2023 · €1.0m+€144,159
Largest movements
Assets
- Stocks and contracts +€92,211
up €92,211 (+163.6%), from €56,354 to €148,565
- Receivables within one year +€47,537
up €47,537 (+11.1%), from €426,507 to €474,044
of which Trade receivables: +€44,276
- Cash +€36,218
up €36,218 (+45.7%), from €79,248 to €115,465
mainly Trade debts (+€169,322) and Depreciation (+€58,854)
- Tangible fixed assets -€31,105
down €31,105 (-6.6%), from €469,853 to €438,748
of which Furniture and vehicles: -€16,668
Equity and liabilities
- Trade debts +€169,322
up €169,322 (+67.0%), from €252,614 to €421,936
- Debts after one year -€47,358
down €47,358 (-20.1%), from €235,706 to €188,349
- Profit (loss) carried forward +€24,834
up €24,834 (+21.8%), from -€113,833 to -€88,999
Income statement
- Turnover +€187,974
up €187,974 (+10.9%), from €1.7m to €1.9m
- Staff costs +€178,734
up €178,734 (+52.2%), from €342,456 to €521,190
- Goods and materials -€162,951
down €162,951 (-13.8%), from €1.2m to €1.0m
of which Change in stocks: decrease (increase): -€141,327
- Services and other goods +€123,486
up €123,486 (+74.2%), from €166,348 to €289,834
From the 2023 result to the 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 2023
€13,205
Turnover
+€187,974
Other operating income
+€3,703
Goods and materials
+€162,951
Services and other goods
-€123,486
Staff costs
-€178,734
Depreciation
-€15,179
Other operating charges
+€1,215
Other operating items
-€21,818
Financial charges
-€4,939
Taxes
-€58
Result 2024
€24,834
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€115,704
Investment
-€26,568
Financing
-€52,918
Cash 2023
€79,248
From operations (derived)
+€115,704
Net result for the year
+€24,834
Depreciation
+€58,854
Stocks and contracts
-€92,211
Receivables within one year
-€47,537
Deferred charges and accrued income
-€479
Trade debts
+€169,322
Tax, wage and social debts
+€4,856
Advances received
+€390
Accrued charges and deferred income
-€2,324
Investment (derived)
-€26,568
Investment in fixed assets (net)
-€26,568
Financing
-€52,918
Debts after one year
-€47,358
Current portion of long-term debt
-€5,561
Cash 2024
€115,465
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,039,475 | €1,183,633 | +€144,159 | +13.9% |
| Fixed assets | 21/28 | €474,883 | €442,597 | -€32,286 | -6.8% |
| Intangible fixed assets | 21 | €4,480 | €3,299 | -€1,181 | -26.4% |
| Tangible fixed assets | 22/27 | €469,853 | €438,748 | -€31,105 | -6.6% |
| Plant, machinery and equipment | 23 | €21,288 | €30,599 | +€9,311 | +43.7% |
| Furniture and vehicles | 24 | €61,456 | €44,788 | -€16,668 | -27.1% |
| Leasing and similar rights | 25 | €231,670 | €215,954 | -€15,716 | -6.8% |
| Other tangible fixed assets | 26 | €155,439 | €147,407 | -€8,032 | -5.2% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Other financial fixed assets | 284/8 | €550 | €550 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €564,592 | €741,037 | +€176,445 | +31.3% |
| Stocks and contracts in progress | 3 | €56,354 | €148,565 | +€92,211 | +163.6% |
| Stocks | 30/36 | €56,354 | €148,565 | +€92,211 | +163.6% |
| Raw materials and consumables | 30/31 | €56,354 | €148,565 | +€92,211 | +163.6% |
| Amounts receivable within one year | 40/41 | €426,507 | €474,044 | +€47,537 | +11.1% |
| Trade receivables | 40 | €423,187 | €467,463 | +€44,276 | +10.5% |
| Other amounts receivable | 41 | €3,320 | €6,581 | +€3,262 | +98.3% |
| Cash at bank and in hand | 54/58 | €79,248 | €115,465 | +€36,218 | +45.7% |
| Deferred charges and accrued income | 490/1 | €2,483 | €2,962 | +€479 | +19.3% |
| Total equity and liabilities | 10/49 | €1,039,475 | €1,183,633 | +€144,159 | +13.9% |
| Equity | 10/15 | €165,577 | €190,411 | +€24,834 | +15.0% |
| Contributions | 10/11 | €268,592 | €268,592 | = | 0.0% |
| Reserves | 13 | €10,818 | €10,818 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,786 | €8,786 | = | 0.0% |
| Distributable reserves | 133 | €2,032 | €2,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,833 | -€88,999 | +€24,834 | +21.8% |
| Amounts payable | 17/49 | €873,898 | €993,222 | +€119,324 | +13.7% |
| Amounts payable after more than one year | 17 | €235,706 | €188,349 | -€47,358 | -20.1% |
| Financial debts | 170/4 | €235,706 | €188,349 | -€47,358 | -20.1% |
| Leasing and similar obligations | 172 | €186,086 | €155,846 | -€30,240 | -16.3% |
| Credit institutions | 173 | €49,621 | €32,503 | -€17,118 | -34.5% |
| Amounts payable within one year | 42/48 | €634,734 | €803,741 | +€169,007 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €57,133 | €51,572 | -€5,561 | -9.7% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €252,614 | €421,936 | +€169,322 | +67.0% |
| Suppliers | 440/4 | €252,614 | €421,936 | +€169,322 | +67.0% |
| Advances received on contracts in progress | 46 | - | €390 | +€390 | |
| Taxes, remuneration and social security | 45 | €24,681 | €29,536 | +€4,856 | +19.7% |
| Taxes | 450/3 | €121 | €179 | +€58 | +47.7% |
| Remuneration and social security | 454/9 | €24,560 | €29,358 | +€4,798 | +19.5% |
| Other amounts payable | 47/48 | €307 | €307 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,457 | €1,133 | -€2,324 | -67.2% |
| Operating income | 70/76A | €1,771,674 | €1,941,532 | +€169,858 | +9.6% |
| Turnover | 70 | €1,718,523 | €1,906,497 | +€187,974 | +10.9% |
| Other operating income | 74 | €31,333 | €35,036 | +€3,703 | +11.8% |
| Non-recurring operating income | 76A | €21,818 | €0 | -€21,818 | -100.0% |
| Operating charges | 60/66A | €1,734,042 | €1,887,275 | +€153,233 | +8.8% |
| Goods for resale, raw materials and consumables | 60 | €1,176,750 | €1,013,799 | -€162,951 | -13.8% |
| Purchases | 600/8 | €1,127,635 | €1,106,011 | -€21,624 | -1.9% |
| Change in stocks: decrease (increase) | 609 | €49,116 | -€92,211 | -€141,327 | |
| Services and other goods | 61 | €166,348 | €289,834 | +€123,486 | +74.2% |
| Remuneration, social security and pensions | 62 | €342,456 | €521,190 | +€178,734 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,675 | €58,854 | +€15,179 | +34.8% |
| Other operating charges | 640/8 | €4,813 | €3,598 | -€1,215 | -25.2% |
| Operating profit (loss) | 9901 | €37,632 | €54,257 | +€16,625 | +44.2% |
| Financial charges | 65/66B | €24,306 | €29,245 | +€4,939 | +20.3% |
| Recurring financial charges | 65 | €24,306 | €29,245 | +€4,939 | +20.3% |
| Debt charges | 650 | €20,905 | €27,243 | +€6,338 | +30.3% |
| Other financial charges | 652/9 | €3,401 | €2,001 | -€1,399 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €13,326 | €25,013 | +€11,686 | +87.7% |
| Income taxes | 67/77 | €121 | €179 | +€58 | +47.7% |
| Taxes | 670/3 | €121 | €179 | +€58 | +47.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €13,205 | €24,834 | +€11,629 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,205 | €24,834 | +€11,629 | +88.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.