ALUBEL: 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.
ALUBEL
Largest movements
- Cash -€22,304
down €22,304 (-32.4%), from €68,808 to €46,504
mainly Advances received (-€34,000) and Trade debts (-€6,799)
- Tangible fixed assets -€21,221
down €21,221 (-28.4%), from €74,674 to €53,454
of which Furniture and vehicles: -€19,017
- Receivables within one year -€8,484
down €8,484 (-25.9%), from €32,794 to €24,310
of which Trade receivables: -€8,384
- Advances received -€34,000
no longer reported in 2025 (was €34,000)
- Trade debts -€6,799
down €6,799 (-49.7%), from €13,694 to €6,895
- Other debts -€6,346
down €6,346 (-22.1%), from €28,670 to €22,324
- Debts after one year -€6,239
down €6,239 (-11.4%), from €54,966 to €48,727
of which Financial debts: -€6,239
- Gross operating margin +€30,664
up €30,664 (+121%), from €25,310 to €55,974
- Write-downs +€26,981
new in 2025: €26,981
- Depreciation +€1,786
up €1,786 (+9.2%), from €19,435 to €21,221
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 | €185,997 | €133,856 | -€52,142 | -28.0% |
| Fixed assets | 21/28 | €75,299 | €54,079 | -€21,221 | -28.2% |
| Tangible fixed assets | 22/27 | €74,674 | €53,454 | -€21,221 | -28.4% |
| Plant, machinery and equipment | 23 | €7,377 | €5,173 | -€2,204 | -29.9% |
| Furniture and vehicles | 24 | €67,298 | €48,281 | -€19,017 | -28.3% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €110,698 | €79,777 | -€30,921 | -27.9% |
| Stocks and contracts in progress | 3 | €8,325 | €8,151 | -€174 | -2.1% |
| Stocks | 30/36 | €8,325 | €8,151 | -€174 | -2.1% |
| Amounts receivable within one year | 40/41 | €32,794 | €24,310 | -€8,484 | -25.9% |
| Trade receivables | 40 | €26,981 | €18,597 | -€8,384 | -31.1% |
| Other amounts receivable | 41 | €5,812 | €5,713 | -€100 | -1.7% |
| Cash at bank and in hand | 54/58 | €68,808 | €46,504 | -€22,304 | -32.4% |
| Deferred charges and accrued income | 490/1 | €772 | €812 | +€41 | +5.3% |
| Total equity and liabilities | 10/49 | €185,997 | €133,856 | -€52,142 | -28.0% |
| Equity | 10/15 | €43,880 | €44,747 | +€867 | +2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €23,880 | €24,747 | +€867 | +3.6% |
| Tax-exempt reserves | 132 | €181 | €181 | = | 0.0% |
| Distributable reserves | 133 | €23,699 | €24,566 | +€867 | +3.7% |
| Amounts payable | 17/49 | €142,117 | €89,109 | -€53,009 | -37.3% |
| Amounts payable after more than one year | 17 | €54,966 | €48,727 | -€6,239 | -11.4% |
| Financial debts | 170/4 | €10,966 | €4,727 | -€6,239 | -56.9% |
| Other amounts payable | 178/9 | €44,000 | €44,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,644 | €37,874 | -€46,769 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €6,168 | €6,239 | +€71 | +1.2% |
| Trade debts | 44 | €13,694 | €6,895 | -€6,799 | -49.7% |
| Suppliers | 440/4 | €13,694 | €6,895 | -€6,799 | -49.7% |
| Advances received on contracts in progress | 46 | €34,000 | - | -€34,000 | |
| Taxes, remuneration and social security | 45 | €2,112 | €2,416 | +€304 | +14.4% |
| Taxes | 450/3 | €2,112 | €2,416 | +€304 | +14.4% |
| Other amounts payable | 47/48 | €28,670 | €22,324 | -€6,346 | -22.1% |
| Accrued charges and deferred income | 492/3 | €2,508 | €2,508 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,435 | €21,221 | +€1,786 | +9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €26,981 | +€26,981 | |
| Other operating charges | 640/8 | €747 | €639 | -€108 | -14.5% |
| Gross operating margin | 9900 | €25,310 | €55,974 | +€30,664 | +121% |
| Operating profit (loss) | 9901 | €5,128 | €7,133 | +€2,005 | +39.1% |
| Financial income | 75/76B | €551 | €607 | +€55 | +10.0% |
| Recurring financial income | 75 | €551 | €607 | +€55 | +10.0% |
| Financial charges | 65/66B | €2,981 | €3,257 | +€276 | +9.2% |
| Recurring financial charges | 65 | €2,981 | €3,257 | +€276 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €2,698 | €4,483 | +€1,784 | +66.1% |
| Income taxes | 67/77 | €2,112 | €2,416 | +€304 | +14.4% |
| Profit (loss) for the period | 9904 | €587 | €2,067 | +€1,480 | +252% |
| Profit (loss) for the period to be appropriated | 9905 | €587 | €2,067 | +€1,480 | +252% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.