ALULACK: 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.
What changed
ALULACK
NACE 25.530, Machining of metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€170,199
2024 · €276,035-€105,836
Equity
€3.8m
2024 · €3.9m-€36,300
Cash
€614,384
2024 · €492,584+€121,801
Balance sheet total
€4.6m
2024 · €4.7m-€183,620
Largest movements
Assets
- Receivables within one year -€187,477
down €187,477 (-38.2%), from €490,937 to €303,460
of which Trade receivables: -€161,493
- Tangible fixed assets -€179,697
down €179,697 (-11.2%), from €1.6m to €1.4m
of which Land and buildings: -€107,177
- Cash +€121,801
up €121,801 (+24.7%), from €492,584 to €614,384
mainly Receivables within one year (+€187,477) and Depreciation (+€179,697)
- Current investments +€100,000
up €100,000 (+5.3%), from €1.9m to €2.0m
Equity and liabilities
- Debts after one year -€80,540
down €80,540 (-21.8%), from €368,987 to €288,447
of which Financial debts: -€80,540
Income statement
- Gross operating margin -€300,564
down €300,564 (-18.8%), from €1.6m to €1.3m
- Staff costs -€141,618
down €141,618 (-14.8%), from €957,923 to €816,305
- Provisions -€51,113
down €51,113, from €29,000 to -€22,113
- Write-downs +€27,439
up €27,439, from -€27,349 to €90
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.
Result 2024
€276,035
Gross operating margin
-€300,564
Staff costs
+€141,618
Depreciation
+€14,880
Write-downs
-€27,439
Provisions
+€51,113
Other operating charges
+€9,747
Other operating items
-€9,520
Financial income
+€212
Financial charges
-€1,413
Taxes
+€15,530
Result 2025
€170,199
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€508,269
Investment
-€100,000
Financing
-€286,468
Cash 2024
€492,584
From operations (derived)
+€508,269
Net result for the year
+€170,199
Depreciation
+€179,697
Stocks and contracts
+€33,739
Receivables within one year
+€187,477
Deferred charges and accrued income
+€4,507
Provisions
-€22,113
Trade debts
-€2,510
Tax, wage and social debts
-€41,462
Accrued charges and deferred income
-€1,265
Investment (derived)
-€100,000
Current investments
-€100,000
Financing
-€286,468
Debts after one year
-€80,540
Current portion of long-term debt
+€553
Short-term financial debts
+€17
Contributions, distributions and other
-€206,498
Cash 2025
€614,384
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,745,538 | €4,561,919 | -€183,620 | -3.9% |
| Fixed assets | 21/28 | €1,611,886 | €1,432,189 | -€179,697 | -11.1% |
| Tangible fixed assets | 22/27 | €1,610,886 | €1,431,189 | -€179,697 | -11.2% |
| Land and buildings | 22 | €1,402,407 | €1,295,230 | -€107,177 | -7.6% |
| Plant, machinery and equipment | 23 | €79,477 | €46,987 | -€32,490 | -40.9% |
| Furniture and vehicles | 24 | €129,002 | €88,972 | -€40,031 | -31.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €3,133,652 | €3,129,730 | -€3,922 | -0.1% |
| Stocks and contracts in progress | 3 | €210,876 | €177,137 | -€33,739 | -16.0% |
| Stocks | 30/36 | €210,876 | €177,137 | -€33,739 | -16.0% |
| Amounts receivable within one year | 40/41 | €490,937 | €303,460 | -€187,477 | -38.2% |
| Trade receivables | 40 | €401,892 | €240,399 | -€161,493 | -40.2% |
| Other amounts receivable | 41 | €89,045 | €63,062 | -€25,984 | -29.2% |
| Current investments | 50/53 | €1,900,000 | €2,000,000 | +€100,000 | +5.3% |
| Cash at bank and in hand | 54/58 | €492,584 | €614,384 | +€121,801 | +24.7% |
| Deferred charges and accrued income | 490/1 | €39,255 | €34,748 | -€4,507 | -11.5% |
| Total equity and liabilities | 10/49 | €4,745,538 | €4,561,919 | -€183,620 | -3.9% |
| Equity | 10/15 | €3,861,899 | €3,825,600 | -€36,300 | -0.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €3,703,590 | €3,673,788 | -€29,801 | -0.8% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €710,040 | €352,190 | -€357,850 | -50.4% |
| Distributable reserves | 133 | €2,981,050 | €3,309,098 | +€328,049 | +11.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €33,310 | €26,812 | -€6,498 | -19.5% |
| Provisions and deferred taxes | 16 | €49,314 | €27,201 | -€22,113 | -44.8% |
| Provisions for liabilities and charges | 160/5 | €49,314 | €27,201 | -€22,113 | -44.8% |
| Major repairs and maintenance | 162 | €20,314 | €20,314 | = | 0.0% |
| Environmental obligations | 163 | €29,000 | €6,887 | -€22,113 | -76.3% |
| Amounts payable | 17/49 | €834,325 | €709,118 | -€125,207 | -15.0% |
| Amounts payable after more than one year | 17 | €368,987 | €288,447 | -€80,540 | -21.8% |
| Financial debts | 170/4 | €366,837 | €286,297 | -€80,540 | -22.0% |
| Other amounts payable | 178/9 | €2,150 | €2,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €459,751 | €416,349 | -€43,402 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €79,986 | €80,540 | +€553 | +0.7% |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | €62,032 | €59,523 | -€2,510 | -4.0% |
| Suppliers | 440/4 | €62,032 | €59,523 | -€2,510 | -4.0% |
| Taxes, remuneration and social security | 45 | €117,732 | €76,270 | -€41,462 | -35.2% |
| Taxes | 450/3 | €44,415 | €12,793 | -€31,622 | -71.2% |
| Remuneration and social security | 454/9 | €73,318 | €63,477 | -€9,840 | -13.4% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,587 | €4,322 | -€1,265 | -22.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €957,923 | €816,305 | -€141,618 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,578 | €179,697 | -€14,880 | -7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27,349 | €90 | +€27,439 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €29,000 | -€22,113 | -€51,113 | |
| Other operating charges | 640/8 | €92,490 | €82,743 | -€9,747 | -10.5% |
| Non-recurring operating charges | 66A | €0 | €9,520 | +€9,520 | |
| Gross operating margin | 9900 | €1,595,004 | €1,294,440 | -€300,564 | -18.8% |
| Operating profit (loss) | 9901 | €348,362 | €228,198 | -€120,164 | -34.5% |
| Financial income | 75/76B | €61,825 | €62,037 | +€212 | +0.3% |
| Recurring financial income | 75 | €61,825 | €62,037 | +€212 | +0.3% |
| Financial charges | 65/66B | €2,176 | €3,589 | +€1,413 | +65.0% |
| Recurring financial charges | 65 | €2,176 | €3,589 | +€1,413 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €408,012 | €286,646 | -€121,366 | -29.7% |
| Income taxes | 67/77 | €131,977 | €116,448 | -€15,530 | -11.8% |
| Profit (loss) for the period | 9904 | €276,035 | €170,199 | -€105,836 | -38.3% |
| Transfer from tax-exempt reserves | 789 | €0 | €357,850 | +€357,850 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €276,035 | €528,049 | +€252,014 | +91.3% |
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 14 October 2026 via checked.be.