ALUFAB: 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.
ALUFAB
Largest movements
- Deferred charges and accrued income +€144,271
new in 2025: €144,271
- Stocks and contracts +€107,470
up €107,470 (+53.7%), from €200,000 to €307,470
- Tangible fixed assets -€64,604
down €64,604 (-16.4%), from €394,201 to €329,597
of which Furniture and vehicles: -€43,853
- Cash +€37,111
up €37,111 (+200.8%), from €18,478 to €55,589
mainly Trade debts (+€219,720) and Other debts (+€184,528)
- Trade debts +€219,720
up €219,720 (+221.1%), from €99,372 to €319,091
- Other debts +€184,528
up €184,528 (+87.5%), from €210,785 to €395,313
- Profit (loss) carried forward -€83,052
down €83,052 (-32.0%), from €259,607 to €176,555
- Debts after one year -€50,658
down €50,658 (-35.1%), from €144,427 to €93,769
- Tax, wage and social debts -€27,160
down €27,160 (-20.8%), from €130,330 to €103,170
of which Taxes: -€21,945
- Staff costs +€119,204
up €119,204 (+19.5%), from €611,128 to €730,332
- Gross operating margin -€115,489
down €115,489 (-13.7%), from €840,219 to €724,730
- Taxes -€45,000
no longer reported in 2025 (was €45,000)
- Depreciation +€14,408
up €14,408 (+25.7%), from €56,015 to €70,423
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 | €963,526 | €1,180,474 | +€216,948 | +22.5% |
| Fixed assets | 21/28 | €394,576 | €329,972 | -€64,604 | -16.4% |
| Tangible fixed assets | 22/27 | €394,201 | €329,597 | -€64,604 | -16.4% |
| Furniture and vehicles | 24 | €175,180 | €131,327 | -€43,853 | -25.0% |
| Leasing and similar rights | 25 | €211,614 | €191,947 | -€19,667 | -9.3% |
| Other tangible fixed assets | 26 | €7,407 | €6,323 | -€1,084 | -14.6% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €568,950 | €850,502 | +€281,552 | +49.5% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €200,000 | €307,470 | +€107,470 | +53.7% |
| Stocks | 30/36 | €200,000 | €307,470 | +€107,470 | +53.7% |
| Amounts receivable within one year | 40/41 | €350,471 | €343,172 | -€7,300 | -2.1% |
| Trade receivables | 40 | €312,983 | €194,986 | -€117,997 | -37.7% |
| Other amounts receivable | 41 | €37,488 | €148,185 | +€110,697 | +295.3% |
| Cash at bank and in hand | 54/58 | €18,478 | €55,589 | +€37,111 | +200.8% |
| Deferred charges and accrued income | 490/1 | - | €144,271 | +€144,271 | |
| Total equity and liabilities | 10/49 | €963,526 | €1,180,474 | +€216,948 | +22.5% |
| Equity | 10/15 | €280,067 | €197,015 | -€83,052 | -29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €259,607 | €176,555 | -€83,052 | -32.0% |
| Amounts payable | 17/49 | €683,459 | €983,459 | +€300,000 | +43.9% |
| Amounts payable after more than one year | 17 | €144,427 | €93,769 | -€50,658 | -35.1% |
| Financial debts | 170/4 | €144,427 | €93,769 | -€50,658 | -35.1% |
| Amounts payable within one year | 42/48 | €518,512 | €875,548 | +€357,037 | +68.9% |
| Current portion of amounts payable after more than one year | 42 | €78,024 | €57,974 | -€20,050 | -25.7% |
| Trade debts | 44 | €99,372 | €319,091 | +€219,720 | +221.1% |
| Suppliers | 440/4 | €99,372 | €319,091 | +€219,720 | +221.1% |
| Taxes, remuneration and social security | 45 | €130,330 | €103,170 | -€27,160 | -20.8% |
| Taxes | 450/3 | €77,443 | €55,498 | -€21,945 | -28.3% |
| Remuneration and social security | 454/9 | €52,887 | €47,672 | -€5,216 | -9.9% |
| Other amounts payable | 47/48 | €210,785 | €395,313 | +€184,528 | +87.5% |
| Accrued charges and deferred income | 492/3 | €20,520 | €14,141 | -€6,379 | -31.1% |
| Remuneration, social security and pensions | 62 | €611,128 | €730,332 | +€119,204 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,015 | €70,423 | +€14,408 | +25.7% |
| Other operating charges | 640/8 | €1,379 | €2,210 | +€831 | +60.3% |
| Gross operating margin | 9900 | €840,219 | €724,730 | -€115,489 | -13.7% |
| Operating profit (loss) | 9901 | €171,697 | -€78,235 | -€249,933 | |
| Financial income | 75/76B | €5,127 | - | -€5,127 | |
| Recurring financial income | 75 | €5,127 | - | -€5,127 | |
| Financial charges | 65/66B | €3,361 | €4,816 | +€1,456 | +43.3% |
| Recurring financial charges | 65 | €3,361 | €4,816 | +€1,456 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €173,463 | -€83,052 | -€256,515 | |
| Income taxes | 67/77 | €45,000 | - | -€45,000 | |
| Profit (loss) for the period | 9904 | €128,463 | -€83,052 | -€211,515 | |
| Profit (loss) for the period to be appropriated | 9905 | €128,463 | -€83,052 | -€211,515 |
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 10 October 2026 via checked.be.