TendanceAlu: 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.
TendanceAlu
Largest movements
- Receivables within one year +€41,916
up €41,916 (+57.3%), from €73,142 to €115,058
of which Trade receivables: +€47,325
- Stocks and contracts -€24,080
down €24,080 (-20.9%), from €114,984 to €90,904
of which Stocks: -€22,241
- Cash +€8,867
up €8,867 (+59.5%), from €14,905 to €23,772
mainly Net result for the year (+€32,446) and Stocks and contracts (+€24,080)
- Deferred charges and accrued income -€7,101
down €7,101 (-80.6%), from €8,805 to €1,704
- Reserves +€48,345
up €48,345 (+77.6%), from €62,281 to €110,626
- Profit (loss) carried forward -€15,898
no longer reported in 2025 (was €15,898)
- Debts after one year -€12,944
down €12,944 (-41.9%), from €30,878 to €17,934
- Tax, wage and social debts +€12,879
up €12,879 (+733%), from €1,757 to €14,636
of which Remuneration and social security: +€9,283
- Trade debts -€10,493
down €10,493 (-18.8%), from €55,765 to €45,272
- Gross operating margin +€62,363
up €62,363 (+34.2%), from €182,566 to €244,929
- Staff costs +€42,717
up €42,717 (+33.4%), from €127,851 to €170,568
- Other operating charges +€13,618
up €13,618 (+517%), from €2,636 to €16,254
- Financial charges +€2,539
up €2,539 (+65.2%), from €3,896 to €6,435
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 | €219,409 | €237,900 | +€18,491 | +8.4% |
| Fixed assets | 21/28 | €7,573 | €6,461 | -€1,112 | -14.7% |
| Tangible fixed assets | 22/27 | €7,573 | €6,461 | -€1,112 | -14.7% |
| Plant, machinery and equipment | 23 | €7,391 | €6,461 | -€930 | -12.6% |
| Furniture and vehicles | 24 | €182 | - | -€182 | |
| Current assets | 29/58 | €211,836 | €231,439 | +€19,603 | +9.3% |
| Stocks and contracts in progress | 3 | €114,984 | €90,904 | -€24,080 | -20.9% |
| Stocks | 30/36 | €84,884 | €62,643 | -€22,241 | -26.2% |
| Contracts in progress | 37 | €30,100 | €28,261 | -€1,839 | -6.1% |
| Amounts receivable within one year | 40/41 | €73,142 | €115,058 | +€41,916 | +57.3% |
| Trade receivables | 40 | €65,299 | €112,624 | +€47,325 | +72.5% |
| Other amounts receivable | 41 | €7,843 | €2,434 | -€5,409 | -69.0% |
| Cash at bank and in hand | 54/58 | €14,905 | €23,772 | +€8,867 | +59.5% |
| Deferred charges and accrued income | 490/1 | €8,805 | €1,704 | -€7,101 | -80.6% |
| Total equity and liabilities | 10/49 | €219,409 | €237,900 | +€18,491 | +8.4% |
| Equity | 10/15 | €103,179 | €135,626 | +€32,447 | +31.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €62,281 | €110,626 | +€48,345 | +77.6% |
| Distributable reserves | 133 | €62,281 | €110,626 | +€48,345 | +77.6% |
| Profit (loss) carried forward | 14 | €15,898 | - | -€15,898 | |
| Amounts payable | 17/49 | €116,230 | €102,275 | -€13,955 | -12.0% |
| Amounts payable after more than one year | 17 | €30,878 | €17,934 | -€12,944 | -41.9% |
| Financial debts | 170/4 | €30,878 | €17,934 | -€12,944 | -41.9% |
| Amounts payable within one year | 42/48 | €83,629 | €82,355 | -€1,274 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €15,015 | €17,984 | +€2,969 | +19.8% |
| Financial debts | 43 | €4,075 | €4,061 | -€14 | -0.3% |
| Credit institutions | 430/8 | €4,075 | €4,061 | -€14 | -0.3% |
| Trade debts | 44 | €55,765 | €45,272 | -€10,493 | -18.8% |
| Suppliers | 440/4 | €55,765 | €45,272 | -€10,493 | -18.8% |
| Taxes, remuneration and social security | 45 | €1,757 | €14,636 | +€12,879 | +733% |
| Taxes | 450/3 | €1,757 | €5,353 | +€3,596 | +205% |
| Remuneration and social security | 454/9 | - | €9,283 | +€9,283 | |
| Other amounts payable | 47/48 | €7,017 | €402 | -€6,615 | -94.3% |
| Accrued charges and deferred income | 492/3 | €1,723 | €1,986 | +€263 | +15.2% |
| Remuneration, social security and pensions | 62 | €127,851 | €170,568 | +€42,717 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,345 | €5,096 | -€249 | -4.7% |
| Other operating charges | 640/8 | €2,636 | €16,254 | +€13,618 | +517% |
| Gross operating margin | 9900 | €182,566 | €244,929 | +€62,363 | +34.2% |
| Operating profit (loss) | 9901 | €46,734 | €53,011 | +€6,277 | +13.4% |
| Financial income | 75/76B | €115 | €1,085 | +€970 | +843% |
| Recurring financial income | 75 | €115 | €1,085 | +€970 | +843% |
| Financial charges | 65/66B | €3,896 | €6,435 | +€2,539 | +65.2% |
| Recurring financial charges | 65 | €3,896 | €6,435 | +€2,539 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | €42,953 | €47,660 | +€4,707 | +11.0% |
| Income taxes | 67/77 | €13,758 | €15,214 | +€1,456 | +10.6% |
| Profit (loss) for the period | 9904 | €29,195 | €32,446 | +€3,251 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,195 | €32,446 | +€3,251 | +11.1% |
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 27 October 2026 via checked.be.