Alutec: 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.
Alutec
Largest movements
- Cash +€178,367
up €178,367 (+23.9%), from €744,788 to €923,156
mainly Net result for the year (+€171,585) and Depreciation (+€148,304)
- Receivables within one year -€125,216
down €125,216 (-47.4%), from €263,963 to €138,747
of which Trade receivables: -€106,143
- Tangible fixed assets -€124,453
down €124,453 (-11.5%), from €1.1m to €955,334
- Stocks and contracts +€103,646
up €103,646 (+186%), from €55,639 to €159,285
of which Contracts in progress: +€55,240
- Tax, wage and social debts -€92,941
down €92,941 (-64.0%), from €145,331 to €52,390
of which Taxes: -€79,835
- Other debts +€77,500
up €77,500 (+295%), from €26,250 to €103,750
- Reserves +€67,835
up €67,835 (+6.5%), from €1.0m to €1.1m
of which Distributable reserves: +€117,924
- Debts after one year -€26,063
down €26,063 (-6.7%), from €388,107 to €362,044
- Trade debts +€22,560
up €22,560 (+54.7%), from €41,261 to €63,821
- Staff costs -€21,233
down €21,233 (-4.2%), from €504,762 to €483,528
- Gross operating margin +€15,260
up €15,260 (+1.7%), from €892,591 to €907,851
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 | €2,144,624 | €2,176,968 | +€32,345 | +1.5% |
| Fixed assets | 21/28 | €1,080,233 | €955,780 | -€124,453 | -11.5% |
| Tangible fixed assets | 22/27 | €1,079,787 | €955,334 | -€124,453 | -11.5% |
| Land and buildings | 22 | €120,580 | €86,440 | -€34,140 | -28.3% |
| Plant, machinery and equipment | 23 | €384,261 | €347,946 | -€36,315 | -9.5% |
| Furniture and vehicles | 24 | €8,519 | €5,753 | -€2,766 | -32.5% |
| Leasing and similar rights | 25 | €15,438 | - | -€15,438 | |
| Other tangible fixed assets | 26 | €550,989 | €515,194 | -€35,794 | -6.5% |
| Financial fixed assets | 28 | €446 | €446 | = | 0.0% |
| Current assets | 29/58 | €1,064,390 | €1,221,188 | +€156,798 | +14.7% |
| Stocks and contracts in progress | 3 | €55,639 | €159,285 | +€103,646 | +186% |
| Stocks | 30/36 | €28,883 | €77,289 | +€48,406 | +168% |
| Contracts in progress | 37 | €26,756 | €81,996 | +€55,240 | +206% |
| Amounts receivable within one year | 40/41 | €263,963 | €138,747 | -€125,216 | -47.4% |
| Trade receivables | 40 | €214,066 | €107,923 | -€106,143 | -49.6% |
| Other amounts receivable | 41 | €49,897 | €30,824 | -€19,073 | -38.2% |
| Cash at bank and in hand | 54/58 | €744,788 | €923,156 | +€178,367 | +23.9% |
| Total equity and liabilities | 10/49 | €2,144,624 | €2,176,968 | +€32,345 | +1.5% |
| Equity | 10/15 | €1,410,693 | €1,476,908 | +€66,215 | +4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,039,971 | €1,107,805 | +€67,835 | +6.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €474,361 | €424,272 | -€50,090 | -10.6% |
| Distributable reserves | 133 | €563,750 | €681,674 | +€117,924 | +20.9% |
| Profit (loss) carried forward | 14 | €345,650 | €345,650 | = | 0.0% |
| Investment grants | 15 | €6,480 | €4,860 | -€1,620 | -25.0% |
| Provisions and deferred taxes | 16 | €104,672 | €91,993 | -€12,679 | -12.1% |
| Deferred taxes | 168 | €104,672 | €91,993 | -€12,679 | -12.1% |
| Amounts payable | 17/49 | €629,259 | €608,068 | -€21,191 | -3.4% |
| Amounts payable after more than one year | 17 | €388,107 | €362,044 | -€26,063 | -6.7% |
| Financial debts | 170/4 | €388,107 | €362,044 | -€26,063 | -6.7% |
| Amounts payable within one year | 42/48 | €241,152 | €246,024 | +€4,871 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €28,310 | €26,063 | -€2,248 | -7.9% |
| Trade debts | 44 | €41,261 | €63,821 | +€22,560 | +54.7% |
| Suppliers | 440/4 | €41,261 | €63,821 | +€22,560 | +54.7% |
| Taxes, remuneration and social security | 45 | €145,331 | €52,390 | -€92,941 | -64.0% |
| Taxes | 450/3 | €107,914 | €28,079 | -€79,835 | -74.0% |
| Remuneration and social security | 454/9 | €37,417 | €24,311 | -€13,106 | -35.0% |
| Other amounts payable | 47/48 | €26,250 | €103,750 | +€77,500 | +295% |
| Remuneration, social security and pensions | 62 | €504,762 | €483,528 | -€21,233 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,118 | €148,304 | -€1,814 | -1.2% |
| Other operating charges | 640/8 | €18,356 | €14,771 | -€3,584 | -19.5% |
| Gross operating margin | 9900 | €892,591 | €907,851 | +€15,260 | +1.7% |
| Operating profit (loss) | 9901 | €219,355 | €261,247 | +€41,892 | +19.1% |
| Financial income | 75/76B | €24,243 | €25,362 | +€1,118 | +4.6% |
| Recurring financial income | 75 | €24,243 | €25,362 | +€1,118 | +4.6% |
| Financial charges | 65/66B | €24,134 | €22,791 | -€1,342 | -5.6% |
| Recurring financial charges | 65 | €24,134 | €22,791 | -€1,342 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €219,465 | €263,818 | +€44,353 | +20.2% |
| Transfer from deferred taxes | 780 | €12,679 | €12,679 | = | 0.0% |
| Income taxes | 67/77 | €98,751 | €104,911 | +€6,161 | +6.2% |
| Profit (loss) for the period | 9904 | €133,393 | €171,585 | +€38,192 | +28.6% |
| Transfer from tax-exempt reserves | 789 | €50,090 | €50,090 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €183,482 | €221,674 | +€38,192 | +20.8% |
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 16 October 2026 via checked.be.