Aliaxis Group: 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
Aliaxis Group
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
-€31.6m
2022 · €167.7m-€199.3m
Equity
€901.1m
2022 · €937.7m-€36.6m
Cash
€5.2m
2022 · €1.7m+€3.5m
Balance sheet total
€1.90bn
2022 · €1.95bn-€47.7m
Largest movements
Assets
- Receivables within one year -€53.7m
down €53.7m (-68.2%), from €78.7m to €25.0m
of which Trade receivables: -€33.8m
- Financial fixed assets +€48.4m
up €48.4m (+2.7%), from €1.78bn to €1.82bn
of which Affiliated companies: +€48.5m
- Intangible fixed assets -€25.3m
down €25.3m (-99.7%), from €25.4m to €87,247
Equity and liabilities
- Debts after one year +€78.7m
up €78.7m (+10.8%), from €729.5m to €808.3m
- Tax, wage and social debts -€46.8m
down €46.8m (-99.5%), from €47.0m to €212,454
of which Remuneration and social security: -€38.1m
- Trade debts -€32.7m
down €32.7m (-96.0%), from €34.1m to €1.4m
- Profit (loss) carried forward -€32.2m
down €32.2m (-29.8%), from €108.1m to €75.9m
- Current portion of long-term debt -€26.8m
no longer reported in 2023 (was €26.8m)
Income statement
- Financial income -€213.4m
down €213.4m (-74.2%), from €287.5m to €74.1m
of which Financial income: -€235.8m
- Turnover -€84.3m
no longer reported in 2023 (was €84.3m)
- Services and other goods -€66.0m
down €66.0m (-92.2%), from €71.5m to €5.5m
- Staff costs -€59.2m
down €59.2m (-98.0%), from €60.3m to €1.2m
- Financial charges +€19.3m
up €19.3m (+23.5%), from €82.4m to €101.7m
of which Financial charges: +€10.3m
From the 2022 result to the 2023 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 2022
€167.7m
Turnover
-€84.3m
Other operating income
-€9.8m
Services and other goods
+€66.0m
Staff costs
+€59.2m
Depreciation
+€1.4m
Write-downs
+€172,769
Other operating charges
+€311,486
Other operating items
-€671,656
Financial income
-€213.4m
Financial charges
-€19.3m
Taxes
+€1.2m
Result 2023
-€31.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€33.7m
Investment
-€6.1m
Financing
+€43.2m
Cash 2022
€1.7m
From operations (derived)
-€33.7m
Net result for the year
-€31.6m
Depreciation
+€9,262
Receivables within one year
+€53.7m
Deferred charges and accrued income
+€3.5m
Provisions
-€3,166
Trade debts
-€32.7m
Tax, wage and social debts
-€46.8m
Other debts
+€15.8m
Accrued charges and deferred income
+€4.4m
Investment (derived)
-€6.1m
Investment in fixed assets (net)
-€22.1m
Current investments
+€16.1m
Financing
+€43.2m
Debts after one year
+€78.7m
Current portion of long-term debt
-€26.8m
Short-term financial debts
-€3.7m
Contributions, distributions and other
-€5.0m
Cash 2023
€5.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,945,820,795 | €1,898,111,041 | -€47.7m | -2.5% |
| Fixed assets | 21/28 | €1,802,354,730 | €1,824,485,252 | +€22.1m | +1.2% |
| Intangible fixed assets | 21 | €25,355,725 | €87,247 | -€25.3m | -99.7% |
| Tangible fixed assets | 22/27 | €1,828,439 | €828,772 | -€999,667 | -54.7% |
| Land and buildings | 22 | €800,117 | €803,218 | +€3,101 | +0.4% |
| Furniture and vehicles | 24 | €407,011 | €25,554 | -€381,457 | -93.7% |
| Other tangible fixed assets | 26 | €621,311 | - | -€621,311 | |
| Financial fixed assets | 28 | €1,775,170,565 | €1,823,569,232 | +€48.4m | +2.7% |
| Affiliated companies | 280/1 | €1,775,101,337 | €1,823,555,490 | +€48.5m | +2.7% |
| Participating interests | 280 | €1,698,312,434 | €1,747,795,292 | +€49.5m | +2.9% |
| Amounts receivable | 281 | €76,788,903 | €75,760,198 | -€1.0m | -1.3% |
| Other financial fixed assets | 284/8 | €69,228 | €13,743 | -€55,486 | -80.1% |
| Amounts receivable and cash guarantees | 285/8 | €69,228 | €13,743 | -€55,486 | -80.1% |
| Current assets | 29/58 | €143,466,066 | €73,625,789 | -€69.8m | -48.7% |
| Amounts receivable within one year | 40/41 | €78,684,926 | €24,985,310 | -€53.7m | -68.2% |
| Trade receivables | 40 | €34,319,223 | €473,439 | -€33.8m | -98.6% |
| Other amounts receivable | 41 | €44,365,703 | €24,511,871 | -€19.9m | -44.8% |
| Current investments | 50/53 | €59,171,708 | €43,113,066 | -€16.1m | -27.1% |
| Other investments | 51/53 | €59,171,708 | €43,113,066 | -€16.1m | -27.1% |
| Cash at bank and in hand | 54/58 | €1,724,563 | €5,180,226 | +€3.5m | +200% |
| Deferred charges and accrued income | 490/1 | €3,884,869 | €347,187 | -€3.5m | -91.1% |
| Total equity and liabilities | 10/49 | €1,945,820,795 | €1,898,111,041 | -€47.7m | -2.5% |
| Equity | 10/15 | €937,659,777 | €901,088,662 | -€36.6m | -3.9% |
| Contributions | 10/11 | €754,187,911 | €750,203,616 | -€4.0m | -0.5% |
| Capital | 10 | €754,187,911 | €750,203,616 | -€4.0m | -0.5% |
| Issued capital | 100 | €754,187,911 | €750,203,616 | -€4.0m | -0.5% |
| Reserves | 13 | €75,418,791 | €75,020,362 | -€398,430 | -0.5% |
| Non-distributable reserves | 130/1 | €75,418,791 | €75,020,362 | -€398,430 | -0.5% |
| Legal reserve | 130 | €75,418,791 | €75,020,362 | -€398,430 | -0.5% |
| Profit (loss) carried forward | 14 | €108,053,075 | €75,864,684 | -€32.2m | -29.8% |
| Provisions and deferred taxes | 16 | €79,144 | €75,978 | -€3,166 | -4.0% |
| Deferred taxes | 168 | €79,144 | €75,978 | -€3,166 | -4.0% |
| Amounts payable | 17/49 | €1,008,081,874 | €996,946,401 | -€11.1m | -1.1% |
| Amounts payable after more than one year | 17 | €729,547,000 | €808,264,320 | +€78.7m | +10.8% |
| Financial debts | 170/4 | €729,547,000 | €808,264,320 | +€78.7m | +10.8% |
| Other loans | 174 | €729,547,000 | €808,264,320 | +€78.7m | +10.8% |
| Amounts payable within one year | 42/48 | €278,014,496 | €183,802,238 | -€94.2m | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €26,788,903 | - | -€26.8m | |
| Financial debts | 43 | €143,223,195 | €139,478,644 | -€3.7m | -2.6% |
| Other loans | 439 | €143,223,195 | €139,478,644 | -€3.7m | -2.6% |
| Trade debts | 44 | €34,077,669 | €1,357,636 | -€32.7m | -96.0% |
| Suppliers | 440/4 | €34,077,669 | €1,357,636 | -€32.7m | -96.0% |
| Taxes, remuneration and social security | 45 | €46,965,588 | €212,454 | -€46.8m | -99.5% |
| Taxes | 450/3 | €8,645,893 | €17,075 | -€8.6m | -99.8% |
| Remuneration and social security | 454/9 | €38,319,695 | €195,379 | -€38.1m | -99.5% |
| Other amounts payable | 47/48 | €26,959,142 | €42,753,504 | +€15.8m | +58.6% |
| Accrued charges and deferred income | 492/3 | €520,378 | €4,879,843 | +€4.4m | +838% |
| Operating income | 70/76A | €95,495,713 | €728,697 | -€94.8m | -99.2% |
| Turnover | 70 | €84,275,448 | - | -€84.3m | |
| Own construction capitalised | 72 | €671,596 | - | -€671,596 | |
| Other operating income | 74 | €10,544,415 | €724,503 | -€9.8m | -93.1% |
| Non-recurring operating income | 76A | €4,254 | €4,194 | -€60 | -1.4% |
| Operating charges | 60/66A | €133,820,750 | €6,792,521 | -€127.0m | -94.9% |
| Services and other goods | 61 | €71,513,496 | €5,544,568 | -€66.0m | -92.2% |
| Remuneration, social security and pensions | 62 | €60,347,146 | €1,190,885 | -€59.2m | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,428,047 | €9,262 | -€1.4m | -99.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €172,769 | - | -€172,769 | |
| Other operating charges | 640/8 | €359,292 | €47,806 | -€311,486 | -86.7% |
| Operating profit (loss) | 9901 | -€38,325,037 | -€6,063,824 | +€32.3m | +84.2% |
| Financial income | 75/76B | €287,513,867 | €74,074,798 | -€213.4m | -74.2% |
| Recurring financial income | 75 | €287,513,867 | €51,674,798 | -€235.8m | -82.0% |
| Income from financial fixed assets | 750 | €283,943,215 | €46,012,274 | -€237.9m | -83.8% |
| Income from current assets | 751 | €876,669 | €1,763,443 | +€886,774 | +101% |
| Other financial income | 752/9 | €2,693,983 | €3,899,080 | +€1.2m | +44.7% |
| Non-recurring financial income | 76B | - | €22,400,000 | +€22.4m | |
| Financial charges | 65/66B | €82,399,103 | €101,739,906 | +€19.3m | +23.5% |
| Recurring financial charges | 65 | €23,020,103 | €33,321,211 | +€10.3m | +44.7% |
| Debt charges | 650 | €20,112,677 | €28,557,504 | +€8.4m | +42.0% |
| Other financial charges | 652/9 | €2,907,427 | €4,763,707 | +€1.9m | +63.8% |
| Non-recurring financial charges | 66B | €59,379,000 | €68,418,695 | +€9.0m | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €166,789,726 | -€33,728,932 | -€200.5m | |
| Transfer from deferred taxes | 780 | €3,166 | €3,166 | = | 0.0% |
| Income taxes | 67/77 | -€933,553 | -€2,108,208 | -€1.2m | -126% |
| Taxes | 670/3 | €2,542,400 | €285,129 | -€2.3m | -88.8% |
| Tax adjustments and reversals of tax provisions | 77 | €3,475,953 | €2,393,337 | -€1.1m | -31.1% |
| Profit (loss) for the period | 9904 | €167,726,445 | -€31,617,558 | -€199.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €167,726,445 | -€31,617,558 | -€199.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.