ALINCO: 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
ALINCO
NACE 24.100, Manufacture of basic metals
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€572,070
2025 · €50,284+€521,786
Equity
€2.6m
2025 · €2.2m+€376,441
Cash
€195,748
2025 · €162,587+€33,162
Balance sheet total
€9.9m
2025 · €10.5m-€559,079
Largest movements
Assets
- Tangible fixed assets -€572,830
down €572,830 (-10.7%), from €5.4m to €4.8m
of which Plant, machinery and equipment: -€387,972
Equity and liabilities
- Trade debts -€593,208
down €593,208 (-41.2%), from €1.4m to €847,667
- Reserves +€391,950
up €391,950 (+20.9%), from €1.9m to €2.3m
of which Distributable reserves: +€391,950
- Other debts -€344,880
down €344,880 (-6.2%), from €5.5m to €5.2m
- Debts after one year -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tax, wage and social debts +€206,969
up €206,969 (+38.4%), from €539,030 to €745,999
of which Remuneration and social security: +€151,129
Income statement
- Turnover +€806,616
up €806,616 (+6.8%), from €11.8m to €12.6m
- Goods and materials +€320,183
up €320,183 (+9.1%), from €3.5m to €3.8m
of which Change in stocks: decrease (increase): +€369,217
- Services and other goods -€308,768
down €308,768 (-10.4%), from €3.0m to €2.7m
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
€50,284
Turnover
+€806,616
Other operating income
-€115,704
Goods and materials
-€320,183
Services and other goods
+€308,768
Staff costs
-€30,065
Depreciation
-€106,836
Write-downs
+€53,062
Other operating charges
-€4,713
Other operating items
-€145,606
Financial income
-€14
Financial charges
+€21,768
Taxes
+€54,693
Result 2026
€572,070
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
+€913,039
Investment
-€434,178
Financing
-€445,700
Cash 2025
€162,587
From operations (derived)
+€913,039
Net result for the year
+€572,070
Depreciation
+€1.0m
Stocks and contracts
-€73,582
Receivables within one year
+€78,591
Deferred charges and accrued income
+€14,401
Trade debts
-€593,208
Tax, wage and social debts
+€206,969
Advances received
+€57,332
Other debts
-€344,880
Accrued charges and deferred income
-€11,661
Investment (derived)
-€434,178
Investment in fixed assets (net)
-€434,178
Financing
-€445,700
Debts after one year
-€250,000
Short-term financial debts
-€71
Contributions, distributions and other
-€195,628
Cash 2026
€195,748
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,482,132 | €9,923,053 | -€559,079 | -5.3% |
| Fixed assets | 21/28 | €5,364,621 | €4,791,791 | -€572,830 | -10.7% |
| Tangible fixed assets | 22/27 | €5,364,621 | €4,791,791 | -€572,830 | -10.7% |
| Land and buildings | 22 | €634,831 | €574,340 | -€60,492 | -9.5% |
| Plant, machinery and equipment | 23 | €4,001,123 | €3,613,151 | -€387,972 | -9.7% |
| Furniture and vehicles | 24 | €293,958 | €236,295 | -€57,662 | -19.6% |
| Other tangible fixed assets | 26 | €434,710 | €368,006 | -€66,704 | -15.3% |
| Current assets | 29/58 | €5,117,511 | €5,131,262 | +€13,751 | +0.3% |
| Stocks and contracts in progress | 3 | €2,390,616 | €2,464,198 | +€73,582 | +3.1% |
| Stocks | 30/36 | €1,360,881 | €1,464,748 | +€103,867 | +7.6% |
| Raw materials and consumables | 30/31 | €1,360,881 | €1,464,748 | +€103,867 | +7.6% |
| Contracts in progress | 37 | €1,029,735 | €999,450 | -€30,285 | -2.9% |
| Amounts receivable within one year | 40/41 | €2,504,840 | €2,426,249 | -€78,591 | -3.1% |
| Trade receivables | 40 | €2,266,857 | €2,258,178 | -€8,679 | -0.4% |
| Other amounts receivable | 41 | €237,983 | €168,071 | -€69,912 | -29.4% |
| Cash at bank and in hand | 54/58 | €162,587 | €195,748 | +€33,162 | +20.4% |
| Deferred charges and accrued income | 490/1 | €59,469 | €45,068 | -€14,401 | -24.2% |
| Total equity and liabilities | 10/49 | €10,482,132 | €9,923,053 | -€559,079 | -5.3% |
| Equity | 10/15 | €2,237,833 | €2,614,274 | +€376,441 | +16.8% |
| Contributions | 10/11 | €220,487 | €220,487 | = | 0.0% |
| Capital | 10 | €220,487 | €220,487 | = | 0.0% |
| Issued capital | 100 | €220,487 | €220,487 | = | 0.0% |
| Reserves | 13 | €1,877,769 | €2,269,719 | +€391,950 | +20.9% |
| Non-distributable reserves | 130/1 | €22,049 | €22,049 | = | 0.0% |
| Legal reserve | 130 | €22,049 | €22,049 | = | 0.0% |
| Tax-exempt reserves | 132 | €116,870 | €116,870 | = | 0.0% |
| Distributable reserves | 133 | €1,738,850 | €2,130,800 | +€391,950 | +22.5% |
| Investment grants | 15 | €139,577 | €124,068 | -€15,509 | -11.1% |
| Amounts payable | 17/49 | €8,244,299 | €7,308,779 | -€935,520 | -11.3% |
| Amounts payable after more than one year | 17 | €250,000 | €0 | -€250,000 | -100% |
| Financial debts | 170/4 | €250,000 | €0 | -€250,000 | -100% |
| Other loans | 174 | €250,000 | €0 | -€250,000 | -100% |
| Amounts payable within one year | 42/48 | €7,894,794 | €7,220,935 | -€673,859 | -8.5% |
| Financial debts | 43 | €1,838 | €1,767 | -€71 | -3.9% |
| Credit institutions | 430/8 | €1,838 | €1,767 | -€71 | -3.9% |
| Trade debts | 44 | €1,440,874 | €847,667 | -€593,208 | -41.2% |
| Suppliers | 440/4 | €1,440,874 | €847,667 | -€593,208 | -41.2% |
| Advances received on contracts in progress | 46 | €388,052 | €445,383 | +€57,332 | +14.8% |
| Taxes, remuneration and social security | 45 | €539,030 | €745,999 | +€206,969 | +38.4% |
| Taxes | 450/3 | €87,998 | €143,838 | +€55,840 | +63.5% |
| Remuneration and social security | 454/9 | €451,032 | €602,161 | +€151,129 | +33.5% |
| Other amounts payable | 47/48 | €5,525,000 | €5,180,120 | -€344,880 | -6.2% |
| Accrued charges and deferred income | 492/3 | €99,505 | €87,844 | -€11,661 | -11.7% |
| Operating income | 70/76A | €12,189,535 | €12,695,068 | +€505,533 | +4.1% |
| Turnover | 70 | €11,842,458 | €12,649,075 | +€806,616 | +6.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €155,094 | -€30,285 | -€185,379 | |
| Other operating income | 74 | €191,983 | €76,278 | -€115,704 | -60.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €11,949,823 | €12,010,017 | +€60,194 | +0.5% |
| Goods for resale, raw materials and consumables | 60 | €3,520,670 | €3,840,853 | +€320,183 | +9.1% |
| Purchases | 600/8 | €3,993,754 | €3,944,720 | -€49,034 | -1.2% |
| Change in stocks: decrease (increase) | 609 | -€473,084 | -€103,867 | +€369,217 | +78.0% |
| Services and other goods | 61 | €2,963,201 | €2,654,433 | -€308,768 | -10.4% |
| Remuneration, social security and pensions | 62 | €4,450,014 | €4,480,079 | +€30,065 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €900,172 | €1,007,008 | +€106,836 | +11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €58,815 | €5,754 | -€53,062 | -90.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €17,178 | €21,891 | +€4,713 | +27.4% |
| Non-recurring operating charges | 66A | €39,773 | €0 | -€39,773 | -100% |
| Operating profit (loss) | 9901 | €239,712 | €685,051 | +€445,339 | +186% |
| Financial income | 75/76B | €15,623 | €15,609 | -€14 | -0.1% |
| Recurring financial income | 75 | €15,623 | €15,609 | -€14 | -0.1% |
| Income from current assets | 751 | €112 | €79 | -€32 | -28.8% |
| Other financial income | 752/9 | €15,511 | €15,529 | +€18 | +0.1% |
| Financial charges | 65/66B | €111,893 | €90,126 | -€21,768 | -19.5% |
| Recurring financial charges | 65 | €111,893 | €90,126 | -€21,768 | -19.5% |
| Debt charges | 650 | €107,723 | €87,844 | -€19,879 | -18.5% |
| Other financial charges | 652/9 | €4,170 | €2,282 | -€1,888 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €143,441 | €610,534 | +€467,093 | +326% |
| Income taxes | 67/77 | €93,158 | €38,464 | -€54,693 | -58.7% |
| Taxes | 670/3 | €93,240 | €38,464 | -€54,775 | -58.7% |
| Tax adjustments and reversals of tax provisions | 77 | €82 | €0 | -€82 | -100% |
| Profit (loss) for the period | 9904 | €50,284 | €572,070 | +€521,786 | +1,038% |
| Profit (loss) for the period to be appropriated | 9905 | €50,284 | €572,070 | +€521,786 | +1,038% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.