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.
What changed
ALUTEC
NACE 43.320, Joinery installation
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€11,469
2025 · -€8,458-€3,011
Equity
€475,417
2025 · €486,886-€11,469
Cash
€74,986
2025 · €62,019+€12,967
Balance sheet total
€653,815
2025 · €685,187-€31,372
Largest movements
Assets
- Tangible fixed assets -€70,698
down €70,698 (-12.5%), from €564,625 to €493,928
of which Leasing and similar rights: -€40,863
- Stocks and contracts +€32,814
up €32,814 (+177%), from €18,527 to €51,342
- Cash +€12,967
up €12,967 (+20.9%), from €62,019 to €74,986
mainly Depreciation (+€39,285) and Investment in fixed assets (net) (+€29,803)
Equity and liabilities
- Debts after one year -€40,062
down €40,062 (-36.2%), from €110,649 to €70,587
- Trade debts +€26,479
up €26,479 (+257%), from €10,294 to €36,773
- Reserves -€11,469
down €11,469 (-2.7%), from €424,899 to €413,430
of which Tax-exempt reserves: -€6,437
Income statement
- Gross operating margin +€5,604
up €5,604 (+14.2%), from €39,387 to €44,992
- Depreciation -€3,980
down €3,980 (-9.2%), from €43,265 to €39,285
- Financial charges +€451
up €451 (+13.0%), from €3,458 to €3,909
From the 2025 result to the 2026 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 2025
-€8,458
Gross operating margin
+€5,604
Depreciation
+€3,980
Other operating charges
+€143
Other operating items
-€11,663
Financial income
-€34
Financial charges
-€451
Deferred taxes and other
-€591
Result 2026
-€11,469
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€29,434
Investment
+€29,803
Financing
-€46,269
Cash 2025
€62,019
From operations (derived)
+€29,434
Net result for the year
-€11,469
Depreciation
+€39,285
Stocks and contracts
-€32,814
Receivables within one year
+€5,864
Deferred charges and accrued income
+€2,202
Provisions
-€2,146
Trade debts
+€26,479
Tax, wage and social debts
+€100
Other debts
+€1,610
Accrued charges and deferred income
+€323
Investment (derived)
+€29,803
Investment in fixed assets (net)
+€29,803
Financing
-€46,269
Debts after one year
-€40,062
Current portion of long-term debt
-€6,207
Cash 2026
€74,986
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €685,187 | €653,815 | -€31,372 | -4.6% |
| Fixed assets | 21/28 | €564,825 | €495,738 | -€69,087 | -12.2% |
| Intangible fixed assets | 21 | - | €1,610 | +€1,610 | |
| Tangible fixed assets | 22/27 | €564,625 | €493,928 | -€70,698 | -12.5% |
| Land and buildings | 22 | €476,264 | €451,056 | -€25,208 | -5.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €11,960 | €7,333 | -€4,627 | -38.7% |
| Leasing and similar rights | 25 | €76,402 | €35,540 | -€40,863 | -53.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €120,362 | €158,077 | +€37,715 | +31.3% |
| Stocks and contracts in progress | 3 | €18,527 | €51,342 | +€32,814 | +177% |
| Stocks | 30/36 | €18,527 | €51,342 | +€32,814 | +177% |
| Amounts receivable within one year | 40/41 | €34,605 | €28,741 | -€5,864 | -16.9% |
| Trade receivables | 40 | €28,011 | €17,622 | -€10,389 | -37.1% |
| Other amounts receivable | 41 | €6,594 | €11,119 | +€4,525 | +68.6% |
| Cash at bank and in hand | 54/58 | €62,019 | €74,986 | +€12,967 | +20.9% |
| Deferred charges and accrued income | 490/1 | €5,211 | €3,008 | -€2,202 | -42.3% |
| Total equity and liabilities | 10/49 | €685,187 | €653,815 | -€31,372 | -4.6% |
| Equity | 10/15 | €486,886 | €475,417 | -€11,469 | -2.4% |
| Contributions | 10/11 | €61,987 | €61,987 | = | 0.0% |
| Capital | 10 | €61,987 | €61,987 | = | 0.0% |
| Issued capital | 100 | €61,987 | €61,987 | = | 0.0% |
| Reserves | 13 | €424,899 | €413,430 | -€11,469 | -2.7% |
| Non-distributable reserves | 130/1 | €6,199 | €6,199 | = | 0.0% |
| Legal reserve | 130 | €6,199 | €6,199 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,902 | €104,465 | -€6,437 | -5.8% |
| Distributable reserves | 133 | €307,799 | €302,767 | -€5,032 | -1.6% |
| Provisions and deferred taxes | 16 | €36,967 | €34,822 | -€2,146 | -5.8% |
| Deferred taxes | 168 | €36,967 | €34,822 | -€2,146 | -5.8% |
| Amounts payable | 17/49 | €161,334 | €143,577 | -€17,757 | -11.0% |
| Amounts payable after more than one year | 17 | €110,649 | €70,587 | -€40,062 | -36.2% |
| Financial debts | 170/4 | €110,649 | €70,587 | -€40,062 | -36.2% |
| Amounts payable within one year | 42/48 | €49,959 | €71,941 | +€21,982 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €30,100 | €23,893 | -€6,207 | -20.6% |
| Trade debts | 44 | €10,294 | €36,773 | +€26,479 | +257% |
| Suppliers | 440/4 | €10,294 | €36,773 | +€26,479 | +257% |
| Taxes, remuneration and social security | 45 | €4,160 | €4,260 | +€100 | +2.4% |
| Taxes | 450/3 | €2,310 | €2,310 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,850 | €1,950 | +€100 | +5.4% |
| Other amounts payable | 47/48 | €5,405 | €7,015 | +€1,610 | +29.8% |
| Accrued charges and deferred income | 492/3 | €726 | €1,049 | +€323 | +44.5% |
| Non-recurring operating income | 76A | €0 | €10,600 | +€10,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,265 | €39,285 | -€3,980 | -9.2% |
| Other operating charges | 640/8 | €4,019 | €3,876 | -€143 | -3.6% |
| Non-recurring operating charges | 66A | - | €11,663 | +€11,663 | |
| Gross operating margin | 9900 | €39,387 | €44,992 | +€5,604 | +14.2% |
| Operating profit (loss) | 9901 | -€7,896 | -€9,831 | -€1,935 | -24.5% |
| Financial income | 75/76B | €159 | €125 | -€34 | -21.3% |
| Recurring financial income | 75 | €159 | €125 | -€34 | -21.3% |
| Financial charges | 65/66B | €3,458 | €3,909 | +€451 | +13.0% |
| Recurring financial charges | 65 | €3,458 | €3,909 | +€451 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,195 | -€13,614 | -€2,420 | -21.6% |
| Transfer from deferred taxes | 780 | €2,737 | €2,146 | -€591 | -21.6% |
| Income taxes | 67/77 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€8,458 | -€11,469 | -€3,011 | -35.6% |
| Transfer from tax-exempt reserves | 789 | €8,210 | €6,437 | -€1,773 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€248 | -€5,032 | -€4,784 | -1,926% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.