ALUCLAEYS INVEST: 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.
ALUCLAEYS INVEST
Largest movements
- Tangible fixed assets -€451,607
down €451,607 (-11.7%), from €3.9m to €3.4m
of which Leasing and similar rights: -€442,667
- Cash +€154,943
up €154,943 (+108%), from €142,857 to €297,799
mainly Depreciation (+€462,685) and Trade debts (+€428,587)
- Receivables within one year -€54,699
down €54,699 (-79.3%), from €68,940 to €14,241
of which Trade receivables: -€28,942
- Trade debts +€428,587
up €428,587 (+7,166%), from €5,981 to €434,568
- Debts after one year -€385,299
down €385,299 (-69.7%), from €552,974 to €167,675
- Accrued charges and deferred income -€292,776
down €292,776 (-67.0%), from €436,693 to €143,917
- Current portion of long-term debt -€154,864
down €154,864 (-28.7%), from €540,164 to €385,299
- Financial charges -€25,500
down €25,500 (-39.3%), from €64,864 to €39,364
- Gross operating margin -€11,699
down €11,699 (-1.3%), from €922,673 to €910,974
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 | €4,086,176 | €3,729,736 | -€356,439 | -8.7% |
| Fixed assets | 21/28 | €3,865,417 | €3,413,811 | -€451,607 | -11.7% |
| Tangible fixed assets | 22/27 | €3,864,917 | €3,413,311 | -€451,607 | -11.7% |
| Land and buildings | 22 | €2,976,893 | €2,967,953 | -€8,940 | -0.3% |
| Leasing and similar rights | 25 | €704,088 | €261,421 | -€442,667 | -62.9% |
| Other tangible fixed assets | 26 | €183,937 | €183,937 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €220,758 | €315,926 | +€95,168 | +43.1% |
| Amounts receivable within one year | 40/41 | €68,940 | €14,241 | -€54,699 | -79.3% |
| Trade receivables | 40 | €41,074 | €12,132 | -€28,942 | -70.5% |
| Other amounts receivable | 41 | €27,865 | €2,108 | -€25,757 | -92.4% |
| Cash at bank and in hand | 54/58 | €142,857 | €297,799 | +€154,943 | +108% |
| Deferred charges and accrued income | 490/1 | €8,962 | €3,885 | -€5,076 | -56.6% |
| Total equity and liabilities | 10/49 | €4,086,176 | €3,729,736 | -€356,439 | -8.7% |
| Equity | 10/15 | €2,167,429 | €2,207,515 | +€40,086 | +1.8% |
| Contributions | 10/11 | €4,500,000 | €4,500,000 | = | 0.0% |
| Capital | 10 | €4,500,000 | €4,500,000 | = | 0.0% |
| Issued capital | 100 | €4,500,000 | €4,500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,153,109 | €2,153,109 | = | 0.0% |
| Reserves | 13 | €1,017,315 | €1,017,315 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500,000 | €500,000 | = | 0.0% |
| Legal reserve | 130 | €500,000 | €500,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €517,315 | €517,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,502,994 | -€5,462,909 | +€40,086 | +0.7% |
| Provisions and deferred taxes | 16 | €172,438 | €172,438 | = | 0.0% |
| Deferred taxes | 168 | €172,438 | €172,438 | = | 0.0% |
| Amounts payable | 17/49 | €1,746,308 | €1,349,783 | -€396,525 | -22.7% |
| Amounts payable after more than one year | 17 | €552,974 | €167,675 | -€385,299 | -69.7% |
| Financial debts | 170/4 | €552,974 | €167,675 | -€385,299 | -69.7% |
| Amounts payable within one year | 42/48 | €756,641 | €1,038,191 | +€281,550 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €540,164 | €385,299 | -€154,864 | -28.7% |
| Trade debts | 44 | €5,981 | €434,568 | +€428,587 | +7,166% |
| Suppliers | 440/4 | €5,981 | €434,568 | +€428,587 | +7,166% |
| Taxes, remuneration and social security | 45 | €10,497 | €18,324 | +€7,827 | +74.6% |
| Taxes | 450/3 | €10,497 | €18,324 | +€7,827 | +74.6% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €436,693 | €143,917 | -€292,776 | -67.0% |
| Non-recurring operating income | 76A | €292,776 | €292,776 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €462,474 | €462,685 | +€211 | 0.0% |
| Other operating charges | 640/8 | €156,904 | €155,482 | -€1,421 | -0.9% |
| Gross operating margin | 9900 | €922,673 | €910,974 | -€11,699 | -1.3% |
| Operating profit (loss) | 9901 | €303,295 | €292,806 | -€10,488 | -3.5% |
| Financial income | 75/76B | €89 | €622 | +€534 | +602% |
| Recurring financial income | 75 | €89 | €622 | +€534 | +602% |
| Financial charges | 65/66B | €64,864 | €39,364 | -€25,500 | -39.3% |
| Recurring financial charges | 65 | €64,864 | €39,364 | -€25,500 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €238,519 | €254,064 | +€15,545 | +6.5% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €10,497 | €13,978 | +€3,482 | +33.2% |
| Profit (loss) for the period | 9904 | €228,023 | €240,086 | +€12,063 | +5.3% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €228,023 | €240,086 | +€12,063 | +5.3% |
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 31 October 2026 via checked.be.