ALU-COATING: 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.
ALU-COATING
Largest movements
- Stocks and contracts +€429,080
up €429,080 (+35.3%), from €1.2m to €1.6m
of which Stocks: +€426,180
- Receivables within one year +€239,030
up €239,030 (+39.4%), from €606,666 to €845,696
of which Trade receivables: +€240,469
- Tangible fixed assets -€99,888
down €99,888 (-18.2%), from €548,343 to €448,456
of which Furniture and vehicles: -€106,192
- Cash -€52,020
down €52,020 (-6.4%), from €818,738 to €766,718
mainly Contributions, distributions and other (-€1.0m) and Stocks and contracts (-€429,080)
- Trade debts +€240,888
up €240,888 (+85.8%), from €280,718 to €521,606
- Profit (loss) carried forward +€170,983
up €170,983 (+7.7%), from €2.2m to €2.4m
- Tax, wage and social debts +€90,020
up €90,020 (+80.5%), from €111,823 to €201,843
of which Taxes: +€87,276
- Gross operating margin -€97,246
down €97,246 (-3.0%), from €3.2m to €3.1m
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 | €4,633,584 | €5,140,201 | +€506,617 | +10.9% |
| Fixed assets | 21/28 | €548,389 | €448,502 | -€99,888 | -18.2% |
| Tangible fixed assets | 22/27 | €548,343 | €448,456 | -€99,888 | -18.2% |
| Land and buildings | 22 | €44,980 | €33,735 | -€11,245 | -25.0% |
| Plant, machinery and equipment | 23 | €115,353 | €132,902 | +€17,549 | +15.2% |
| Furniture and vehicles | 24 | €388,010 | €281,818 | -€106,192 | -27.4% |
| Financial fixed assets | 28 | €46 | €46 | = | 0.0% |
| Current assets | 29/58 | €4,085,195 | €4,691,699 | +€606,504 | +14.8% |
| Stocks and contracts in progress | 3 | €1,215,775 | €1,644,855 | +€429,080 | +35.3% |
| Stocks | 30/36 | €1,202,925 | €1,629,105 | +€426,180 | +35.4% |
| Contracts in progress | 37 | €12,850 | €15,750 | +€2,900 | +22.6% |
| Amounts receivable within one year | 40/41 | €606,666 | €845,696 | +€239,030 | +39.4% |
| Trade receivables | 40 | €551,173 | €791,642 | +€240,469 | +43.6% |
| Other amounts receivable | 41 | €55,493 | €54,054 | -€1,440 | -2.6% |
| Current investments | 50/53 | €1,338,578 | €1,338,578 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €818,738 | €766,718 | -€52,020 | -6.4% |
| Deferred charges and accrued income | 490/1 | €105,438 | €95,853 | -€9,585 | -9.1% |
| Total equity and liabilities | 10/49 | €4,633,584 | €5,140,201 | +€506,617 | +10.9% |
| Equity | 10/15 | €4,235,103 | €4,406,086 | +€170,983 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,999,528 | €1,999,528 | = | 0.0% |
| Distributable reserves | 133 | €1,999,528 | €1,999,528 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,216,975 | €2,387,958 | +€170,983 | +7.7% |
| Amounts payable | 17/49 | €398,482 | €734,115 | +€335,633 | +84.2% |
| Amounts payable within one year | 42/48 | €392,958 | €723,866 | +€330,908 | +84.2% |
| Trade debts | 44 | €280,718 | €521,606 | +€240,888 | +85.8% |
| Suppliers | 440/4 | €280,718 | €521,606 | +€240,888 | +85.8% |
| Taxes, remuneration and social security | 45 | €111,823 | €201,843 | +€90,020 | +80.5% |
| Taxes | 450/3 | - | €87,276 | +€87,276 | |
| Remuneration and social security | 454/9 | €111,823 | €114,567 | +€2,745 | +2.5% |
| Other amounts payable | 47/48 | €418 | €418 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,524 | €10,249 | +€4,725 | +85.5% |
| Remuneration, social security and pensions | 62 | €1,289,415 | €1,302,922 | +€13,508 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291,077 | €286,435 | -€4,642 | -1.6% |
| Other operating charges | 640/8 | €25,903 | €30,859 | +€4,955 | +19.1% |
| Non-recurring operating charges | 66A | - | €238 | +€238 | |
| Gross operating margin | 9900 | €3,225,744 | €3,128,498 | -€97,246 | -3.0% |
| Operating profit (loss) | 9901 | €1,619,348 | €1,508,044 | -€111,305 | -6.9% |
| Financial income | 75/76B | €68,425 | €72,081 | +€3,656 | +5.3% |
| Recurring financial income | 75 | €68,425 | €72,081 | +€3,656 | +5.3% |
| Financial charges | 65/66B | €28,455 | €21,965 | -€6,490 | -22.8% |
| Recurring financial charges | 65 | €28,455 | €21,965 | -€6,490 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €1,659,318 | €1,558,160 | -€101,158 | -6.1% |
| Income taxes | 67/77 | €411,894 | €387,177 | -€24,717 | -6.0% |
| Profit (loss) for the period | 9904 | €1,247,424 | €1,170,983 | -€76,441 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,247,424 | €1,170,983 | -€76,441 | -6.1% |
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 17 October 2026 via checked.be.