ALUSERVICE: 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.
What changed
ALUSERVICE
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€67,862
2024 · €263,697-€195,835
Equity
€1.0m
2024 · €1.0m+€2,571
Cash
€68,364
2024 · €49,084+€19,281
Balance sheet total
€3.4m
2024 · €3.5m-€148,841
Largest movements
Assets
- Tangible fixed assets -€210,218
down €210,218 (-13.1%), from €1.6m to €1.4m
- Stocks and contracts +€96,719
up €96,719 (+10.1%), from €956,308 to €1.1m
of which Stocks: +€50,383
- Receivables within one year -€46,877
down €46,877 (-5.8%), from €803,560 to €756,683
of which Trade receivables: -€56,527
Equity and liabilities
- Debts after one year -€195,462
down €195,462 (-19.2%), from €1.0m to €821,143
- Other debts +€113,267
up €113,267 (+14.7%), from €768,791 to €882,058
- Trade debts -€78,567
down €78,567 (-18.4%), from €427,611 to €349,044
Income statement
- Staff costs +€141,583
up €141,583 (+13.9%), from €1.0m to €1.2m
- Depreciation +€50,819
up €50,819 (+29.2%), from €174,173 to €224,992
- Gross operating margin -€41,759
down €41,759 (-2.6%), from €1.6m to €1.6m
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.
Result 2024
€263,697
Gross operating margin
-€41,759
Staff costs
-€141,583
Depreciation
-€50,819
Write-downs
+€2,182
Other operating charges
-€8,383
Other operating items
+€19,634
Financial income
+€444
Financial charges
+€12,814
Taxes
+€11,634
Result 2025
€67,862
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€298,411
Investment
-€14,389
Financing
-€264,742
Cash 2024
€49,084
From operations (derived)
+€298,411
Net result for the year
+€67,862
Depreciation
+€224,992
Stocks and contracts
-€96,719
Receivables within one year
+€46,877
Deferred charges and accrued income
+€7,361
Trade debts
-€78,567
Tax, wage and social debts
+€13,338
Other debts
+€113,267
Investment (derived)
-€14,389
Investment in fixed assets (net)
-€14,389
Financing
-€264,742
Debts after one year
-€195,462
Current portion of long-term debt
-€3,989
Contributions, distributions and other
-€65,291
Cash 2025
€68,364
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,505,309 | €3,356,468 | -€148,841 | -4.2% |
| Fixed assets | 21/28 | €1,665,334 | €1,454,732 | -€210,603 | -12.6% |
| Intangible fixed assets | 21 | €18,259 | €7,157 | -€11,101 | -60.8% |
| Tangible fixed assets | 22/27 | €1,602,016 | €1,391,797 | -€210,218 | -13.1% |
| Land and buildings | 22 | €1,170,014 | €1,076,598 | -€93,416 | -8.0% |
| Plant, machinery and equipment | 23 | €396,975 | €295,558 | -€101,418 | -25.5% |
| Furniture and vehicles | 24 | €22,128 | €13,806 | -€8,321 | -37.6% |
| Leasing and similar rights | 25 | €12,899 | €5,835 | -€7,064 | -54.8% |
| Financial fixed assets | 28 | €45,060 | €55,777 | +€10,717 | +23.8% |
| Current assets | 29/58 | €1,839,974 | €1,901,736 | +€61,762 | +3.4% |
| Stocks and contracts in progress | 3 | €956,308 | €1,053,027 | +€96,719 | +10.1% |
| Stocks | 30/36 | €280,818 | €331,201 | +€50,383 | +17.9% |
| Contracts in progress | 37 | €675,489 | €721,825 | +€46,336 | +6.9% |
| Amounts receivable within one year | 40/41 | €803,560 | €756,683 | -€46,877 | -5.8% |
| Trade receivables | 40 | €783,994 | €727,468 | -€56,527 | -7.2% |
| Other amounts receivable | 41 | €19,566 | €29,215 | +€9,649 | +49.3% |
| Cash at bank and in hand | 54/58 | €49,084 | €68,364 | +€19,281 | +39.3% |
| Deferred charges and accrued income | 490/1 | €31,023 | €23,663 | -€7,361 | -23.7% |
| Total equity and liabilities | 10/49 | €3,505,309 | €3,356,468 | -€148,841 | -4.2% |
| Equity | 10/15 | €1,021,184 | €1,023,755 | +€2,571 | +0.3% |
| Contributions | 10/11 | €818,600 | €818,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €200,724 | €203,295 | +€2,571 | +1.3% |
| Amounts payable | 17/49 | €2,484,125 | €2,332,712 | -€151,412 | -6.1% |
| Amounts payable after more than one year | 17 | €1,016,605 | €821,143 | -€195,462 | -19.2% |
| Financial debts | 170/4 | €1,016,605 | €821,143 | -€195,462 | -19.2% |
| Amounts payable within one year | 42/48 | €1,467,520 | €1,511,570 | +€44,050 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €199,451 | €195,462 | -€3,989 | -2.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €427,611 | €349,044 | -€78,567 | -18.4% |
| Suppliers | 440/4 | €427,611 | €349,044 | -€78,567 | -18.4% |
| Taxes, remuneration and social security | 45 | €71,667 | €85,006 | +€13,338 | +18.6% |
| Taxes | 450/3 | €26,769 | €26,819 | +€49 | +0.2% |
| Remuneration and social security | 454/9 | €44,898 | €58,187 | +€13,289 | +29.6% |
| Other amounts payable | 47/48 | €768,791 | €882,058 | +€113,267 | +14.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,021,650 | €1,163,233 | +€141,583 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,173 | €224,992 | +€50,819 | +29.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€797 | -€2,980 | -€2,182 | -274% |
| Other operating charges | 640/8 | €10,869 | €19,252 | +€8,383 | +77.1% |
| Non-recurring operating charges | 66A | €19,634 | €0 | -€19,634 | -100% |
| Gross operating margin | 9900 | €1,627,040 | €1,585,281 | -€41,759 | -2.6% |
| Operating profit (loss) | 9901 | €401,512 | €180,784 | -€220,728 | -55.0% |
| Financial income | 75/76B | - | €444 | +€444 | |
| Recurring financial income | 75 | - | €444 | +€444 | |
| Financial charges | 65/66B | €91,174 | €78,360 | -€12,814 | -14.1% |
| Recurring financial charges | 65 | €91,174 | €78,360 | -€12,814 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €310,338 | €102,868 | -€207,470 | -66.9% |
| Income taxes | 67/77 | €46,641 | €35,006 | -€11,634 | -24.9% |
| Profit (loss) for the period | 9904 | €263,697 | €67,862 | -€195,835 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €263,697 | €67,862 | -€195,835 | -74.3% |
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 14 October 2026 via checked.be.