ALU-GROEP: 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-GROEP
Largest movements
- Cash +€239,091
up €239,091 (+110%), from €217,396 to €456,487
mainly Tax, wage and social debts (+€160,680) and Depreciation (+€79,952)
- Receivables within one year +€115,225
up €115,225 (+50.5%), from €228,377 to €343,602
of which Other amounts receivable: +€193,898
- Tangible fixed assets -€52,841
down €52,841 (-7.7%), from €683,548 to €630,707
of which Furniture and vehicles: -€28,563
- Stocks and contracts -€28,385
down €28,385 (-100%), from €28,385 to €0
- Tax, wage and social debts +€160,680
up €160,680 (+104%), from €153,841 to €314,521
of which Taxes: +€160,962
- Profit (loss) carried forward +€75,748
up €75,748 (+35.3%), from €214,400 to €290,148
- Trade debts +€66,733
up €66,733 (+16.4%), from €407,369 to €474,102
- Debts after one year -€28,241
down €28,241 (-20.9%), from €135,421 to €107,180
- Gross operating margin +€175,212
up €175,212 (+176%), from €99,769 to €274,981
- Taxes +€90,777
up €90,777 (+452%), from €20,084 to €110,861
- Other operating charges -€12,171
down €12,171 (-88.9%), from €13,694 to €1,524
- Depreciation -€2,821
down €2,821 (-3.4%), from €82,773 to €79,952
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 | €1,157,705 | €1,433,166 | +€275,461 | +23.8% |
| Fixed assets | 21/28 | €683,548 | €630,707 | -€52,841 | -7.7% |
| Tangible fixed assets | 22/27 | €683,548 | €630,707 | -€52,841 | -7.7% |
| Land and buildings | 22 | €581,302 | €558,118 | -€23,183 | -4.0% |
| Plant, machinery and equipment | 23 | €2,431 | €1,335 | -€1,095 | -45.1% |
| Furniture and vehicles | 24 | €99,816 | €71,253 | -€28,563 | -28.6% |
| Current assets | 29/58 | €474,157 | €802,460 | +€328,302 | +69.2% |
| Stocks and contracts in progress | 3 | €28,385 | €0 | -€28,385 | -100% |
| Stocks | 30/36 | €28,385 | €0 | -€28,385 | -100% |
| Amounts receivable within one year | 40/41 | €228,377 | €343,602 | +€115,225 | +50.5% |
| Trade receivables | 40 | €97,523 | €18,851 | -€78,672 | -80.7% |
| Other amounts receivable | 41 | €130,853 | €324,751 | +€193,898 | +148% |
| Cash at bank and in hand | 54/58 | €217,396 | €456,487 | +€239,091 | +110% |
| Deferred charges and accrued income | 490/1 | - | €2,371 | +€2,371 | |
| Total equity and liabilities | 10/49 | €1,157,705 | €1,433,166 | +€275,461 | +23.8% |
| Equity | 10/15 | €323,086 | €398,834 | +€75,748 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,086 | €90,086 | = | 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% |
| Tax-exempt reserves | 132 | €20,750 | €20,750 | = | 0.0% |
| Distributable reserves | 133 | €67,476 | €67,476 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,400 | €290,148 | +€75,748 | +35.3% |
| Amounts payable | 17/49 | €834,620 | €1,034,332 | +€199,713 | +23.9% |
| Amounts payable after more than one year | 17 | €135,421 | €107,180 | -€28,241 | -20.9% |
| Financial debts | 170/4 | €135,421 | €107,180 | -€28,241 | -20.9% |
| Amounts payable within one year | 42/48 | €699,199 | €927,152 | +€227,953 | +32.6% |
| Trade debts | 44 | €407,369 | €474,102 | +€66,733 | +16.4% |
| Suppliers | 440/4 | €407,369 | €474,102 | +€66,733 | +16.4% |
| Taxes, remuneration and social security | 45 | €153,841 | €314,521 | +€160,680 | +104% |
| Taxes | 450/3 | €65,833 | €226,795 | +€160,962 | +244% |
| Remuneration and social security | 454/9 | €88,008 | €87,726 | -€282 | -0.3% |
| Other amounts payable | 47/48 | €137,988 | €138,529 | +€541 | +0.4% |
| Remuneration, social security and pensions | 62 | €7,469 | €5,188 | -€2,281 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,773 | €79,952 | -€2,821 | -3.4% |
| Other operating charges | 640/8 | €13,694 | €1,524 | -€12,171 | -88.9% |
| Gross operating margin | 9900 | €99,769 | €274,981 | +€175,212 | +176% |
| Operating profit (loss) | 9901 | -€4,167 | €188,317 | +€192,485 | |
| Financial charges | 65/66B | €2,245 | €1,708 | -€537 | -23.9% |
| Recurring financial charges | 65 | €2,245 | €1,708 | -€537 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,413 | €186,609 | +€193,022 | |
| Income taxes | 67/77 | €20,084 | €110,861 | +€90,777 | +452% |
| Profit (loss) for the period | 9904 | -€26,497 | €75,748 | +€102,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,497 | €75,748 | +€102,245 |
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 1 November 2026 via checked.be.