Aluho: 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.
Aluho
Largest movements
- Current investments +€230,670
up €230,670 (+36.3%), from €635,000 to €865,670
- Tangible fixed assets -€15,497
down €15,497 (-8.5%), from €181,862 to €166,365
of which Land and buildings: -€13,280
- Other debts +€263,593
up €263,593 (+3,044%), from €8,661 to €272,253
- Profit (loss) carried forward -€67,893
down €67,893 (-142%), from -€47,924 to -€115,817
- Financial income -€16,743
down €16,743 (-56.3%), from €29,756 to €13,013
- Gross operating margin -€4,201
down €4,201 (-7.5%), from -€55,931 to -€60,132
- Depreciation -€1,479
down €1,479 (-8.7%), from €16,976 to €15,497
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 | €879,561 | €1,083,726 | +€204,165 | +23.2% |
| Fixed assets | 21/28 | €181,862 | €167,365 | -€14,497 | -8.0% |
| Tangible fixed assets | 22/27 | €181,862 | €166,365 | -€15,497 | -8.5% |
| Land and buildings | 22 | €169,320 | €156,040 | -€13,280 | -7.8% |
| Plant, machinery and equipment | 23 | €8,123 | €7,575 | -€548 | -6.7% |
| Furniture and vehicles | 24 | €4,420 | €2,751 | -€1,669 | -37.8% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €697,699 | €916,361 | +€218,662 | +31.3% |
| Amounts receivable within one year | 40/41 | €43,352 | €37,439 | -€5,914 | -13.6% |
| Trade receivables | 40 | €6,111 | €30,914 | +€24,803 | +406% |
| Other amounts receivable | 41 | €37,241 | €6,524 | -€30,717 | -82.5% |
| Current investments | 50/53 | €635,000 | €865,670 | +€230,670 | +36.3% |
| Cash at bank and in hand | 54/58 | €12,219 | €6,770 | -€5,449 | -44.6% |
| Deferred charges and accrued income | 490/1 | €7,128 | €6,482 | -€645 | -9.1% |
| Total equity and liabilities | 10/49 | €879,561 | €1,083,726 | +€204,165 | +23.2% |
| Equity | 10/15 | €858,381 | €790,488 | -€67,893 | -7.9% |
| Contributions | 10/11 | €9,051 | €9,051 | = | 0.0% |
| Reserves | 13 | €897,254 | €897,254 | = | 0.0% |
| Distributable reserves | 133 | €897,254 | €897,254 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,924 | -€115,817 | -€67,893 | -142% |
| Amounts payable | 17/49 | €21,180 | €293,239 | +€272,058 | +1,284% |
| Amounts payable within one year | 42/48 | €21,180 | €293,239 | +€272,058 | +1,284% |
| Trade debts | 44 | €11,375 | €18,037 | +€6,662 | +58.6% |
| Suppliers | 440/4 | €11,375 | €18,037 | +€6,662 | +58.6% |
| Taxes, remuneration and social security | 45 | €1,145 | €2,948 | +€1,803 | +158% |
| Taxes | 450/3 | €841 | €2,644 | +€1,803 | +214% |
| Remuneration and social security | 454/9 | €304 | €304 | = | 0.0% |
| Other amounts payable | 47/48 | €8,661 | €272,253 | +€263,593 | +3,044% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,976 | €15,497 | -€1,479 | -8.7% |
| Other operating charges | 640/8 | €4,441 | €4,936 | +€494 | +11.1% |
| Gross operating margin | 9900 | -€55,931 | -€60,132 | -€4,201 | -7.5% |
| Operating profit (loss) | 9901 | -€77,348 | -€80,565 | -€3,217 | -4.2% |
| Financial income | 75/76B | €29,756 | €13,013 | -€16,743 | -56.3% |
| Recurring financial income | 75 | €29,756 | €13,013 | -€16,743 | -56.3% |
| Financial charges | 65/66B | €187 | €198 | +€12 | +6.2% |
| Recurring financial charges | 65 | €187 | €198 | +€12 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,780 | -€67,751 | -€19,971 | -41.8% |
| Income taxes | 67/77 | €144 | €142 | -€2 | -1.3% |
| Profit (loss) for the period | 9904 | -€47,924 | -€67,893 | -€19,969 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,924 | -€67,893 | -€19,969 | -41.7% |
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 26 October 2026 via checked.be.