Alu-Pack: 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-Pack
Largest movements
- Receivables within one year +€190,964
up €190,964 (+17.3%), from €1.1m to €1.3m
of which Other amounts receivable: +€267,916
- Current investments +€118,798
up €118,798 (+1,320%), from €9,000 to €127,798
- Reserves +€250,374
up €250,374 (+21.1%), from €1.2m to €1.4m
- Tax, wage and social debts +€85,105
up €85,105 (+212%), from €40,130 to €125,236
- Gross operating margin +€273,972
up €273,972 (+198%), from €138,111 to €412,083
- Taxes +€81,240
up €81,240 (+183%), from €44,515 to €125,754
- Financial income -€12,580
down €12,580 (-86.0%), from €14,630 to €2,050
- Financial charges +€8,529
up €8,529 (+74.4%), from €11,463 to €19,992
- Staff costs +€8,460
up €8,460 (+786%), from €1,076 to €9,537
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 | €2,053,775 | €2,368,982 | +€315,207 | +15.3% |
| Fixed assets | 21/28 | €907,221 | €906,254 | -€967 | -0.1% |
| Tangible fixed assets | 22/27 | €907,221 | €906,254 | -€967 | -0.1% |
| Land and buildings | 22 | €907,221 | €906,254 | -€967 | -0.1% |
| Current assets | 29/58 | €1,146,554 | €1,462,728 | +€316,174 | +27.6% |
| Amounts receivable within one year | 40/41 | €1,102,297 | €1,293,261 | +€190,964 | +17.3% |
| Trade receivables | 40 | €193,088 | €116,136 | -€76,952 | -39.9% |
| Other amounts receivable | 41 | €909,209 | €1,177,125 | +€267,916 | +29.5% |
| Current investments | 50/53 | €9,000 | €127,798 | +€118,798 | +1,320% |
| Cash at bank and in hand | 54/58 | €35,257 | €41,669 | +€6,412 | +18.2% |
| Total equity and liabilities | 10/49 | €2,053,775 | €2,368,982 | +€315,207 | +15.3% |
| Equity | 10/15 | €1,348,264 | €1,598,639 | +€250,374 | +18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,184,085 | €1,434,460 | +€250,374 | +21.1% |
| Distributable reserves | 133 | €1,184,085 | €1,434,460 | +€250,374 | +21.1% |
| Profit (loss) carried forward | 14 | €145,579 | €145,579 | = | 0.0% |
| Amounts payable | 17/49 | €705,511 | €770,344 | +€64,833 | +9.2% |
| Amounts payable within one year | 42/48 | €705,511 | €770,344 | +€64,833 | +9.2% |
| Taxes, remuneration and social security | 45 | €40,130 | €125,236 | +€85,105 | +212% |
| Taxes | 450/3 | €40,130 | €125,236 | +€85,105 | +212% |
| Other amounts payable | 47/48 | €665,381 | €645,108 | -€20,273 | -3.0% |
| Non-recurring operating income | 76A | €44,034 | €122 | -€43,912 | -99.7% |
| Remuneration, social security and pensions | 62 | €1,076 | €9,537 | +€8,460 | +786% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €465 | €967 | +€502 | +108% |
| Other operating charges | 640/8 | €7,226 | €7,509 | +€283 | +3.9% |
| Gross operating margin | 9900 | €138,111 | €412,083 | +€273,972 | +198% |
| Operating profit (loss) | 9901 | €129,344 | €394,071 | +€264,726 | +205% |
| Financial income | 75/76B | €14,630 | €2,050 | -€12,580 | -86.0% |
| Recurring financial income | 75 | €14,630 | €2,050 | -€12,580 | -86.0% |
| Financial charges | 65/66B | €11,463 | €19,992 | +€8,529 | +74.4% |
| Recurring financial charges | 65 | €11,463 | €19,992 | +€8,529 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €132,512 | €376,129 | +€243,617 | +184% |
| Income taxes | 67/77 | €44,515 | €125,754 | +€81,240 | +183% |
| Profit (loss) for the period | 9904 | €87,997 | €250,374 | +€162,377 | +185% |
| Profit (loss) for the period to be appropriated | 9905 | €87,997 | €250,374 | +€162,377 | +185% |
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 16 October 2026 via checked.be.