ALUHOVER: what changed
Two fiscal 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.
ALUHOVER
Largest movements
- Receivables within one year -€61,738
down €61,738 (-39.6%), from €155,951 to €94,212
of which Trade receivables: -€69,516
- Stocks and contracts +€5,804
up €5,804 (+56.6%), from €10,261 to €16,064
- Cash +€5,784
up €5,784 (+11.2%), from €51,738 to €57,522
mainly Receivables within one year (+€61,738) and Depreciation (+€11,754)
- Tangible fixed assets -€5,619
down €5,619 (-5.6%), from €100,376 to €94,757
of which Land and buildings: -€6,111
- Trade debts -€33,255
down €33,255 (-61.9%), from €53,762 to €20,507
- Debts after one year -€23,246
down €23,246 (-22.7%), from €102,257 to €79,010
- Other debts +€9,263
up €9,263 (+58.6%), from €15,805 to €25,068
- Tax, wage and social debts -€4,775
no longer reported in 2025 (was €4,775)
- Short-term financial debts -€4,572
no longer reported in 2025 (was €4,572)
- Financial charges -€2,758
down €2,758 (-30.5%), from €9,037 to €6,279
- Other operating charges +€815
up €815 (+19.3%), from €4,224 to €5,039
- Depreciation -€600
down €600 (-4.9%), from €12,353 to €11,754
- Gross operating margin +€496
up €496 (+1.7%), from €29,661 to €30,157
- Financial income +€459
up €459 (+44.3%), from €1,036 to €1,495
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 | €387,775 | €332,005 | -€55,770 | -14.4% |
| Fixed assets | 21/28 | €169,826 | €164,207 | -€5,619 | -3.3% |
| Tangible fixed assets | 22/27 | €100,376 | €94,757 | -€5,619 | -5.6% |
| Land and buildings | 22 | €84,475 | €78,364 | -€6,111 | -7.2% |
| Plant, machinery and equipment | 23 | €10,553 | €6,062 | -€4,491 | -42.6% |
| Furniture and vehicles | 24 | €5,349 | €10,332 | +€4,983 | +93.2% |
| Financial fixed assets | 28 | €69,450 | €69,450 | = | 0.0% |
| Current assets | 29/58 | €217,949 | €167,798 | -€50,151 | -23.0% |
| Stocks and contracts in progress | 3 | €10,261 | €16,064 | +€5,804 | +56.6% |
| Stocks | 30/36 | €10,261 | €16,064 | +€5,804 | +56.6% |
| Amounts receivable within one year | 40/41 | €155,951 | €94,212 | -€61,738 | -39.6% |
| Trade receivables | 40 | €155,082 | €85,567 | -€69,516 | -44.8% |
| Other amounts receivable | 41 | €869 | €8,646 | +€7,777 | +895.5% |
| Cash at bank and in hand | 54/58 | €51,738 | €57,522 | +€5,784 | +11.2% |
| Total equity and liabilities | 10/49 | €387,775 | €332,005 | -€55,770 | -14.4% |
| Equity | 10/15 | €179,684 | €182,170 | +€2,486 | +1.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €159,224 | €161,710 | +€2,486 | +1.6% |
| Tax-exempt reserves | 132 | €9,146 | €9,146 | = | 0.0% |
| Distributable reserves | 133 | €150,078 | €152,564 | +€2,486 | +1.7% |
| Amounts payable | 17/49 | €208,091 | €149,836 | -€58,255 | -28.0% |
| Amounts payable after more than one year | 17 | €102,257 | €79,010 | -€23,246 | -22.7% |
| Financial debts | 170/4 | €102,257 | €79,010 | -€23,246 | -22.7% |
| Amounts payable within one year | 42/48 | €103,834 | €70,825 | -€33,009 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €24,921 | €25,251 | +€330 | +1.3% |
| Financial debts | 43 | €4,572 | - | -€4,572 | |
| Credit institutions | 430/8 | €4,572 | - | -€4,572 | |
| Trade debts | 44 | €53,762 | €20,507 | -€33,255 | -61.9% |
| Suppliers | 440/4 | €53,762 | €20,507 | -€33,255 | -61.9% |
| Taxes, remuneration and social security | 45 | €4,775 | - | -€4,775 | |
| Taxes | 450/3 | €4,775 | - | -€4,775 | |
| Other amounts payable | 47/48 | €15,805 | €25,068 | +€9,263 | +58.6% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,353 | €11,754 | -€600 | -4.9% |
| Other operating charges | 640/8 | €4,224 | €5,039 | +€815 | +19.3% |
| Non-recurring operating charges | 66A | - | €4,541 | +€4,541 | |
| Gross operating margin | 9900 | €29,661 | €30,157 | +€496 | +1.7% |
| Operating profit (loss) | 9901 | €13,084 | €8,823 | -€4,260 | -32.6% |
| Financial income | 75/76B | €1,036 | €1,495 | +€459 | +44.3% |
| Recurring financial income | 75 | €1,036 | €1,495 | +€459 | +44.3% |
| Financial charges | 65/66B | €9,037 | €6,279 | -€2,758 | -30.5% |
| Recurring financial charges | 65 | €9,037 | €6,279 | -€2,758 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €5,083 | €4,039 | -€1,044 | -20.5% |
| Income taxes | 67/77 | €1,631 | €1,553 | -€78 | -4.8% |
| Profit (loss) for the period | 9904 | €3,451 | €2,486 | -€965 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,451 | €2,486 | -€965 | -28.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.