ALUDEL: 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.
ALUDEL
Largest movements
- Cash -€7,124
down €7,124 (-42.3%), from €16,857 to €9,733
mainly Net result for the year (-€8,055) and Investment in fixed assets (net) (-€4,305)
- Tangible fixed assets -€1,691
down €1,691 (-4.3%), from €39,486 to €37,795
of which Land and buildings: -€3,844
- Receivables within one year -€1,519
down €1,519 (-9.1%), from €16,638 to €15,119
of which Trade receivables: -€1,788
- Profit (loss) carried forward -€8,055
down €8,055 (-20.3%), from -€39,588 to -€47,643
- Tax, wage and social debts -€2,950
down €2,950 (-96.8%), from €3,048 to €98
of which Remuneration and social security: -€2,640
- Trade debts +€908
up €908 (+17.0%), from €5,334 to €6,242
- Gross operating margin -€25,607
down €25,607, from €25,242 to -€365
- Staff costs -€7,980
down €7,980 (-100.0%), from €7,980 to €0
- Financial charges -€594
down €594 (-81.2%), from €731 to €137
- Other operating charges +€265
up €265 (+20.5%), from €1,293 to €1,558
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.
Cash bridge derived
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 | €73,105 | €62,771 | -€10,334 | -14.1% |
| Fixed assets | 21/28 | €39,610 | €37,919 | -€1,691 | -4.3% |
| Tangible fixed assets | 22/27 | €39,486 | €37,795 | -€1,691 | -4.3% |
| Land and buildings | 22 | €34,216 | €30,371 | -€3,844 | -11.2% |
| Plant, machinery and equipment | 23 | €4,561 | €7,113 | +€2,552 | +55.9% |
| Furniture and vehicles | 24 | €709 | €311 | -€398 | -56.2% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €33,495 | €24,852 | -€8,643 | -25.8% |
| Amounts receivable within one year | 40/41 | €16,638 | €15,119 | -€1,519 | -9.1% |
| Trade receivables | 40 | €16,638 | €14,850 | -€1,788 | -10.7% |
| Other amounts receivable | 41 | €0 | €269 | +€269 | |
| Cash at bank and in hand | 54/58 | €16,857 | €9,733 | -€7,124 | -42.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €73,105 | €62,771 | -€10,334 | -14.1% |
| Equity | 10/15 | €62,995 | €54,940 | -€8,055 | -12.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €67,131 | €67,131 | = | 0.0% |
| Reserves | 13 | €16,859 | €16,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,588 | -€47,643 | -€8,055 | -20.3% |
| Amounts payable | 17/49 | €10,110 | €7,831 | -€2,279 | -22.5% |
| Amounts payable within one year | 42/48 | €10,110 | €7,831 | -€2,279 | -22.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,334 | €6,242 | +€908 | +17.0% |
| Suppliers | 440/4 | €5,334 | €6,242 | +€908 | +17.0% |
| Taxes, remuneration and social security | 45 | €3,048 | €98 | -€2,950 | -96.8% |
| Taxes | 450/3 | €408 | €98 | -€309 | -75.9% |
| Remuneration and social security | 454/9 | €2,640 | €0 | -€2,640 | -100.0% |
| Other amounts payable | 47/48 | €1,728 | €1,491 | -€237 | -13.7% |
| Remuneration, social security and pensions | 62 | €7,980 | €0 | -€7,980 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,190 | €5,996 | -€195 | -3.1% |
| Other operating charges | 640/8 | €1,293 | €1,558 | +€265 | +20.5% |
| Gross operating margin | 9900 | €25,242 | -€365 | -€25,607 | |
| Operating profit (loss) | 9901 | €9,779 | -€7,918 | -€17,697 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €731 | €137 | -€594 | -81.2% |
| Recurring financial charges | 65 | €731 | €137 | -€594 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €9,048 | -€8,055 | -€17,103 | |
| Profit (loss) for the period | 9904 | €9,048 | -€8,055 | -€17,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,048 | -€8,055 | -€17,103 |
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 11 October 2026 via checked.be.