ALU-LEASE: what changed
ALU-LEASE
Largest movements
- Cash -€520,212
down €520,212 (-84.6%), from €615,012 to €94,800
mainly Current investments (-€500,000) and Net result for the year (-€18,582)
- Current investments +€500,000
new in 2025: €500,000
- Reserves -€18,582
down €18,582 (-2.0%), from €913,750 to €895,168
of which Distributable reserves: -€18,582
- Gross operating margin -€5,911
down €5,911 (-31.6%), from -€18,724 to -€24,635
- Financial income +€924
up €924 (+14.4%), from €6,439 to €7,363
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €944,737 | €927,305 | -€17,432 | -1.8% |
| Fixed assets | 21/28 | €201,987 | €202,957 | +€969 | +0.5% |
| Financial fixed assets | 28 | €201,987 | €202,957 | +€969 | +0.5% |
| Current assets | 29/58 | €742,750 | €724,348 | -€18,402 | -2.5% |
| Amounts receivable within one year | 40/41 | €127,737 | €129,548 | +€1,810 | +1.4% |
| Other amounts receivable | 41 | €127,737 | €129,548 | +€1,810 | +1.4% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €615,012 | €94,800 | -€520,212 | -84.6% |
| Total equity and liabilities | 10/49 | €944,737 | €927,305 | -€17,432 | -1.8% |
| Equity | 10/15 | €944,737 | €926,155 | -€18,582 | -2.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €913,750 | €895,168 | -€18,582 | -2.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €910,651 | €892,070 | -€18,582 | -2.0% |
| Amounts payable | 17/49 | - | €1,150 | +€1,150 | |
| Amounts payable within one year | 42/48 | - | €1,150 | +€1,150 | |
| Trade debts | 44 | - | €1,150 | +€1,150 | |
| Suppliers | 440/4 | - | €1,150 | +€1,150 | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€18,724 | -€24,635 | -€5,911 | -31.6% |
| Operating profit (loss) | 9901 | -€19,809 | -€25,753 | -€5,944 | -30.0% |
| Financial income | 75/76B | €6,439 | €7,363 | +€924 | +14.4% |
| Recurring financial income | 75 | €6,439 | €7,363 | +€924 | +14.4% |
| Financial charges | 65/66B | €176 | €192 | +€16 | +8.9% |
| Recurring financial charges | 65 | €176 | €192 | +€16 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,547 | -€18,582 | -€5,035 | -37.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,547 | -€18,582 | -€5,035 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,547 | -€18,582 | -€5,035 | -37.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.