ALU-YVAD: 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-YVAD
Largest movements
- Cash +€85,226
up €85,226 (+175%), from €48,780 to €134,006
mainly Net result for the year (+€1.1m) and Receivables within one year (+€18,992)
- Reserves +€398,109
up €398,109 (+27.8%), from €1.4m to €1.8m
- Debts after one year -€337,218
down €337,218 (-47.1%), from €716,275 to €379,057
- Financial income +€300,000
up €300,000 (+42.9%), from €700,000 to €1.0m
- Gross operating margin +€52,342
up €52,342 (+178%), from €29,403 to €81,745
- Taxes +€11,455
up €11,455 (+445%), from €2,572 to €14,027
- Financial charges -€5,234
down €5,234 (-33.3%), from €15,720 to €10,486
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 | €2,548,745 | €2,614,979 | +€66,233 | +2.6% |
| Fixed assets | 21/28 | €2,480,000 | €2,480,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,480,000 | €2,480,000 | = | 0.0% |
| Current assets | 29/58 | €68,745 | €134,979 | +€66,233 | +96.3% |
| Amounts receivable within one year | 40/41 | €19,965 | €973 | -€18,992 | -95.1% |
| Trade receivables | 40 | €19,965 | - | -€19,965 | |
| Other amounts receivable | 41 | - | €973 | +€973 | |
| Cash at bank and in hand | 54/58 | €48,780 | €134,006 | +€85,226 | +175% |
| Total equity and liabilities | 10/49 | €2,548,745 | €2,614,979 | +€66,233 | +2.6% |
| Equity | 10/15 | €1,631,081 | €2,029,189 | +€398,109 | +24.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,431,081 | €1,829,189 | +€398,109 | +27.8% |
| Distributable reserves | 133 | €1,431,081 | €1,829,189 | +€398,109 | +27.8% |
| Amounts payable | 17/49 | €917,665 | €585,789 | -€331,875 | -36.2% |
| Amounts payable after more than one year | 17 | €716,275 | €379,057 | -€337,218 | -47.1% |
| Financial debts | 170/4 | €716,275 | €379,057 | -€337,218 | -47.1% |
| Amounts payable within one year | 42/48 | €201,390 | €206,732 | +€5,343 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €185,693 | €187,218 | +€1,525 | +0.8% |
| Trade debts | 44 | €3,762 | €3,807 | +€45 | +1.2% |
| Suppliers | 440/4 | €3,762 | €3,807 | +€45 | +1.2% |
| Taxes, remuneration and social security | 45 | €11,935 | €15,707 | +€3,772 | +31.6% |
| Taxes | 450/3 | €11,935 | €15,707 | +€3,772 | +31.6% |
| Other operating charges | 640/8 | €968 | €1,122 | +€155 | +16.0% |
| Gross operating margin | 9900 | €29,403 | €81,745 | +€52,342 | +178% |
| Operating profit (loss) | 9901 | €28,435 | €80,622 | +€52,187 | +184% |
| Financial income | 75/76B | €700,000 | €1,000,000 | +€300,000 | +42.9% |
| Recurring financial income | 75 | €700,000 | €1,000,000 | +€300,000 | +42.9% |
| Financial charges | 65/66B | €15,720 | €10,486 | -€5,234 | -33.3% |
| Recurring financial charges | 65 | €15,720 | €10,486 | -€5,234 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €712,715 | €1,070,136 | +€357,421 | +50.1% |
| Income taxes | 67/77 | €2,572 | €14,027 | +€11,455 | +445% |
| Profit (loss) for the period | 9904 | €710,143 | €1,056,109 | +€345,966 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €710,143 | €1,056,109 | +€345,966 | +48.7% |
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 30 October 2026 via checked.be.