ALUwPROJECTS: 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.
ALUwPROJECTS
Largest movements
- Receivables within one year +€63,807
up €63,807 (+55.6%), from €114,740 to €178,547
of which Trade receivables: +€57,621
- Stocks and contracts -€26,990
down €26,990 (-81.5%), from €33,110 to €6,120
- Tangible fixed assets +€8,848
up €8,848 (+99.0%), from €8,937 to €17,784
of which Furniture and vehicles: +€4,770
- Deferred charges and accrued income +€5,883
up €5,883 (+294%), from €2,001 to €7,884
- Accrued charges and deferred income +€50,000
new in 2025: €50,000
- Other debts +€38,943
up €38,943 (+40.8%), from €95,468 to €134,411
- Profit (loss) carried forward -€23,193
down €23,193 (-35.9%), from €64,681 to €41,487
- Trade debts -€17,892
down €17,892 (-73.8%), from €24,229 to €6,337
- Gross operating margin -€12,804
down €12,804 (-22.5%), from €56,832 to €44,028
- Other operating charges +€7,510
up €7,510 (+454%), from €1,654 to €9,164
- Taxes -€4,731
down €4,731 (-36.3%), from €13,016 to €8,285
- Depreciation +€2,391
up €2,391 (+86.4%), from €2,769 to €5,160
- Financial charges +€1,201
up €1,201 (+31.8%), from €3,779 to €4,981
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 | €243,896 | €294,605 | +€50,710 | +20.8% |
| Fixed assets | 21/28 | €8,937 | €17,784 | +€8,848 | +99.0% |
| Tangible fixed assets | 22/27 | €8,937 | €17,784 | +€8,848 | +99.0% |
| Plant, machinery and equipment | 23 | €3,824 | €7,901 | +€4,078 | +107% |
| Furniture and vehicles | 24 | €5,113 | €9,883 | +€4,770 | +93.3% |
| Current assets | 29/58 | €234,959 | €276,821 | +€41,862 | +17.8% |
| Stocks and contracts in progress | 3 | €33,110 | €6,120 | -€26,990 | -81.5% |
| Stocks | 30/36 | €33,110 | €6,120 | -€26,990 | -81.5% |
| Amounts receivable within one year | 40/41 | €114,740 | €178,547 | +€63,807 | +55.6% |
| Trade receivables | 40 | €111,585 | €169,206 | +€57,621 | +51.6% |
| Other amounts receivable | 41 | €3,155 | €9,341 | +€6,186 | +196% |
| Cash at bank and in hand | 54/58 | €85,108 | €84,270 | -€838 | -1.0% |
| Deferred charges and accrued income | 490/1 | €2,001 | €7,884 | +€5,883 | +294% |
| Total equity and liabilities | 10/49 | €243,896 | €294,605 | +€50,710 | +20.8% |
| Equity | 10/15 | €116,005 | €92,812 | -€23,193 | -20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,725 | €32,725 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,865 | €30,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,681 | €41,487 | -€23,193 | -35.9% |
| Amounts payable | 17/49 | €127,891 | €201,793 | +€73,903 | +57.8% |
| Amounts payable within one year | 42/48 | €127,891 | €151,793 | +€23,903 | +18.7% |
| Trade debts | 44 | €24,229 | €6,337 | -€17,892 | -73.8% |
| Suppliers | 440/4 | €24,229 | €6,337 | -€17,892 | -73.8% |
| Taxes, remuneration and social security | 45 | €8,194 | €11,046 | +€2,852 | +34.8% |
| Taxes | 450/3 | €3,016 | €8,436 | +€5,420 | +180% |
| Remuneration and social security | 454/9 | €5,178 | €2,610 | -€2,568 | -49.6% |
| Other amounts payable | 47/48 | €95,468 | €134,411 | +€38,943 | +40.8% |
| Accrued charges and deferred income | 492/3 | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,769 | €5,160 | +€2,391 | +86.4% |
| Other operating charges | 640/8 | €1,654 | €9,164 | +€7,510 | +454% |
| Gross operating margin | 9900 | €56,832 | €44,028 | -€12,804 | -22.5% |
| Operating profit (loss) | 9901 | €52,409 | €29,704 | -€22,705 | -43.3% |
| Financial income | 75/76B | €238 | €369 | +€131 | +54.9% |
| Recurring financial income | 75 | €238 | €369 | +€131 | +54.9% |
| Financial charges | 65/66B | €3,779 | €4,981 | +€1,201 | +31.8% |
| Recurring financial charges | 65 | €3,779 | €4,981 | +€1,201 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €48,867 | €25,092 | -€23,776 | -48.7% |
| Income taxes | 67/77 | €13,016 | €8,285 | -€4,731 | -36.3% |
| Profit (loss) for the period | 9904 | €35,851 | €16,807 | -€19,044 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,851 | €16,807 | -€19,044 | -53.1% |
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.