ALUCO: 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.
ALUCO
Largest movements
- Financial fixed assets +€200,000
up €200,000 (+5,222%), from €3,830 to €203,830
- Receivables within one year -€187,004
down €187,004 (-56.7%), from €329,634 to €142,630
of which Trade receivables: -€152,736
- Cash -€143,087
down €143,087 (-48.8%), from €293,183 to €150,096
mainly Investment in fixed assets (net) (-€238,870) and Trade debts (-€154,847)
- Tangible fixed assets -€57,445
down €57,445 (-7.4%), from €775,253 to €717,808
of which Leasing and similar rights: -€58,782
- Stocks and contracts -€27,605
down €27,605 (-42.4%), from €65,141 to €37,535
- Trade debts -€154,847
down €154,847 (-52.1%), from €297,219 to €142,372
- Reserves +€87,806
up €87,806 (+21.4%), from €410,980 to €498,785
of which Distributable reserves: +€87,806
- Debts after one year -€73,474
down €73,474 (-14.6%), from €502,319 to €428,845
- Other debts -€62,072
down €62,072 (-99.4%), from €62,424 to €352
- Gross operating margin -€120,620
down €120,620 (-26.9%), from €448,474 to €327,854
- Taxes -€25,404
down €25,404 (-41.1%), from €61,787 to €36,383
- Staff costs -€19,997
down €19,997 (-21.7%), from €92,148 to €72,150
- Depreciation +€5,524
up €5,524 (+6.0%), from €92,290 to €97,814
- Financial charges -€4,877
down €4,877 (-17.8%), from €27,450 to €22,573
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,487,651 | €1,272,168 | -€215,483 | -14.5% |
| Fixed assets | 21/28 | €782,537 | €923,592 | +€141,056 | +18.0% |
| Intangible fixed assets | 21 | €3,453 | €1,954 | -€1,499 | -43.4% |
| Tangible fixed assets | 22/27 | €775,253 | €717,808 | -€57,445 | -7.4% |
| Land and buildings | 22 | €444,092 | €420,296 | -€23,796 | -5.4% |
| Plant, machinery and equipment | 23 | €3,283 | €10,090 | +€6,807 | +207% |
| Furniture and vehicles | 24 | €25,255 | €43,582 | +€18,326 | +72.6% |
| Leasing and similar rights | 25 | €290,123 | €231,341 | -€58,782 | -20.3% |
| Other tangible fixed assets | 26 | €12,500 | €12,500 | = | 0.0% |
| Financial fixed assets | 28 | €3,830 | €203,830 | +€200,000 | +5,222% |
| Current assets | 29/58 | €705,114 | €348,576 | -€356,538 | -50.6% |
| Stocks and contracts in progress | 3 | €65,141 | €37,535 | -€27,605 | -42.4% |
| Stocks | 30/36 | €65,141 | €37,535 | -€27,605 | -42.4% |
| Amounts receivable within one year | 40/41 | €329,634 | €142,630 | -€187,004 | -56.7% |
| Trade receivables | 40 | €283,108 | €130,372 | -€152,736 | -53.9% |
| Other amounts receivable | 41 | €46,526 | €12,258 | -€34,268 | -73.7% |
| Cash at bank and in hand | 54/58 | €293,183 | €150,096 | -€143,087 | -48.8% |
| Deferred charges and accrued income | 490/1 | €17,156 | €18,314 | +€1,158 | +6.7% |
| Total equity and liabilities | 10/49 | €1,487,651 | €1,272,168 | -€215,483 | -14.5% |
| Equity | 10/15 | €499,246 | €587,052 | +€87,806 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €410,980 | €498,785 | +€87,806 | +21.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €409,120 | €496,925 | +€87,806 | +21.5% |
| Profit (loss) carried forward | 14 | €69,666 | €69,666 | = | 0.0% |
| Amounts payable | 17/49 | €988,405 | €685,116 | -€303,288 | -30.7% |
| Amounts payable after more than one year | 17 | €502,319 | €428,845 | -€73,474 | -14.6% |
| Financial debts | 170/4 | €502,319 | €428,845 | -€73,474 | -14.6% |
| Amounts payable within one year | 42/48 | €486,086 | €256,271 | -€229,814 | -47.3% |
| Current portion of amounts payable after more than one year | 42 | €109,621 | €96,962 | -€12,659 | -11.5% |
| Financial debts | 43 | €293 | €14 | -€279 | -95.2% |
| Credit institutions | 430/8 | €293 | €14 | -€279 | -95.2% |
| Trade debts | 44 | €297,219 | €142,372 | -€154,847 | -52.1% |
| Suppliers | 440/4 | €297,219 | €142,372 | -€154,847 | -52.1% |
| Taxes, remuneration and social security | 45 | €16,529 | €16,572 | +€43 | +0.3% |
| Taxes | 450/3 | €13,033 | €13,662 | +€630 | +4.8% |
| Remuneration and social security | 454/9 | €3,496 | €2,909 | -€587 | -16.8% |
| Other amounts payable | 47/48 | €62,424 | €352 | -€62,072 | -99.4% |
| Non-recurring operating income | 76A | €15,914 | €27,803 | +€11,889 | +74.7% |
| Remuneration, social security and pensions | 62 | €92,148 | €72,150 | -€19,997 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,290 | €97,814 | +€5,524 | +6.0% |
| Other operating charges | 640/8 | €9,886 | €12,580 | +€2,694 | +27.3% |
| Non-recurring operating charges | 66A | €23,325 | €0 | -€23,325 | -100% |
| Gross operating margin | 9900 | €448,474 | €327,854 | -€120,620 | -26.9% |
| Operating profit (loss) | 9901 | €230,826 | €145,309 | -€85,516 | -37.0% |
| Financial income | 75/76B | €196 | €1,452 | +€1,256 | +640% |
| Recurring financial income | 75 | €196 | €1,452 | +€1,256 | +640% |
| Financial charges | 65/66B | €27,450 | €22,573 | -€4,877 | -17.8% |
| Recurring financial charges | 65 | €27,450 | €22,573 | -€4,877 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €203,572 | €124,188 | -€79,383 | -39.0% |
| Income taxes | 67/77 | €61,787 | €36,383 | -€25,404 | -41.1% |
| Profit (loss) for the period | 9904 | €141,785 | €87,806 | -€53,980 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €141,785 | €87,806 | -€53,980 | -38.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.