Alu Log: what changed
Alu Log
Largest movements
- Cash -€25,617
down €25,617 (-72.0%), from €35,561 to €9,944
mainly Net result for the year (-€105,621) and Current portion of long-term debt (-€9,359)
- Stocks and contracts -€20,230
down €20,230 (-19.5%), from €103,834 to €83,604
- Tangible fixed assets -€18,279
down €18,279 (-32.2%), from €56,697 to €38,418
of which Plant, machinery and equipment: -€17,995
- Receivables within one year -€5,791
down €5,791 (-6.4%), from €90,947 to €85,156
of which Trade receivables: -€6,014
- Profit (loss) carried forward -€105,621
down €105,621 (-58.0%), from -€181,989 to -€287,610
- Other debts +€50,670
up €50,670 (+854%), from €5,935 to €56,604
- Current portion of long-term debt -€9,359
down €9,359 (-87.7%), from €10,675 to €1,316
- Short-term financial debts -€5,487
down €5,487 (-2.1%), from €255,487 to €250,000
- Tax, wage and social debts -€3,131
down €3,131 (-36.2%), from €8,650 to €5,519
of which Remuneration and social security: -€4,652
- Gross operating margin -€428,208
down €428,208 (-85.5%), from €500,941 to €72,733
- Staff costs +€27,322
up €27,322 (+22.8%), from €119,962 to €147,284
- Financial charges -€9,685
down €9,685 (-46.3%), from €20,916 to €11,231
- Depreciation -€7,357
down €7,357 (-28.7%), from €25,636 to €18,279
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 | €292,044 | €222,201 | -€69,843 | -23.9% |
| Fixed assets | 21/28 | €60,462 | €41,918 | -€18,545 | -30.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €56,697 | €38,418 | -€18,279 | -32.2% |
| Plant, machinery and equipment | 23 | €55,539 | €37,545 | -€17,995 | -32.4% |
| Furniture and vehicles | 24 | €1,157 | €873 | -€284 | -24.6% |
| Financial fixed assets | 28 | €3,765 | €3,500 | -€265 | -7.0% |
| Current assets | 29/58 | €231,582 | €180,284 | -€51,298 | -22.2% |
| Stocks and contracts in progress | 3 | €103,834 | €83,604 | -€20,230 | -19.5% |
| Stocks | 30/36 | €103,834 | €83,604 | -€20,230 | -19.5% |
| Amounts receivable within one year | 40/41 | €90,947 | €85,156 | -€5,791 | -6.4% |
| Trade receivables | 40 | €90,947 | €84,933 | -€6,014 | -6.6% |
| Other amounts receivable | 41 | - | €223 | +€223 | |
| Cash at bank and in hand | 54/58 | €35,561 | €9,944 | -€25,617 | -72.0% |
| Deferred charges and accrued income | 490/1 | €1,241 | €1,580 | +€339 | +27.3% |
| Total equity and liabilities | 10/49 | €292,044 | €222,201 | -€69,843 | -23.9% |
| Equity | 10/15 | -€68,139 | -€173,760 | -€105,621 | -155% |
| Contributions | 10/11 | €103,500 | €103,500 | = | 0.0% |
| Capital | 10 | €103,500 | €103,500 | = | 0.0% |
| Issued capital | 100 | €103,500 | €103,500 | = | 0.0% |
| Reserves | 13 | €10,350 | €10,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,350 | €10,350 | = | 0.0% |
| Legal reserve | 130 | €10,350 | €10,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€181,989 | -€287,610 | -€105,621 | -58.0% |
| Amounts payable | 17/49 | €360,184 | €395,961 | +€35,778 | +9.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €360,184 | €395,390 | +€35,207 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €10,675 | €1,316 | -€9,359 | -87.7% |
| Financial debts | 43 | €255,487 | €250,000 | -€5,487 | -2.1% |
| Credit institutions | 430/8 | €255,487 | €250,000 | -€5,487 | -2.1% |
| Trade debts | 44 | €79,437 | €81,951 | +€2,515 | +3.2% |
| Suppliers | 440/4 | €79,437 | €81,951 | +€2,515 | +3.2% |
| Taxes, remuneration and social security | 45 | €8,650 | €5,519 | -€3,131 | -36.2% |
| Taxes | 450/3 | - | €1,520 | +€1,520 | |
| Remuneration and social security | 454/9 | €8,650 | €3,999 | -€4,652 | -53.8% |
| Other amounts payable | 47/48 | €5,935 | €56,604 | +€50,670 | +854% |
| Accrued charges and deferred income | 492/3 | €0 | €571 | +€571 | |
| Non-recurring operating income | 76A | €465,340 | €0 | -€465,340 | -100% |
| Remuneration, social security and pensions | 62 | €119,962 | €147,284 | +€27,322 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,636 | €18,279 | -€7,357 | -28.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,326 | €1,063 | -€1,263 | -54.3% |
| Other operating charges | 640/8 | €422 | €501 | +€79 | +18.8% |
| Gross operating margin | 9900 | €500,941 | €72,733 | -€428,208 | -85.5% |
| Operating profit (loss) | 9901 | €352,595 | -€94,394 | -€446,989 | |
| Financial income | 75/76B | €0 | €4 | +€4 | +13,100% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +13,100% |
| Financial charges | 65/66B | €20,916 | €11,231 | -€9,685 | -46.3% |
| Recurring financial charges | 65 | €20,916 | €11,231 | -€9,685 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €331,679 | -€105,621 | -€437,300 | |
| Profit (loss) for the period | 9904 | €331,679 | -€105,621 | -€437,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €331,679 | -€105,621 | -€437,300 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.