ALULAK: 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.
ALULAK
Largest movements
- Tangible fixed assets -€21,280
down €21,280 (-20.7%), from €102,685 to €81,405
of which Furniture and vehicles: -€16,985
- Debts after one year -€9,504
down €9,504 (-17.7%), from €53,552 to €44,049
- Tax, wage and social debts -€7,444
down €7,444 (-79.4%), from €9,374 to €1,929
- Short-term financial debts -€7,432
down €7,432 (-51.4%), from €14,466 to €7,035
- Trade debts +€6,479
up €6,479 (+343.6%), from €1,885 to €8,364
- Current portion of long-term debt -€5,852
down €5,852 (-38.1%), from €15,355 to €9,504
- Gross operating margin -€24,646
down €24,646 (-43.9%), from €56,175 to €31,529
- Taxes -€7,178
down €7,178 (-82.3%), from €8,724 to €1,547
- Financial income +€1,420
up €1,420 (+53.8%), from €2,638 to €4,057
- Depreciation +€1,203
up €1,203 (+6.7%), from €17,997 to €19,200
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,677 | €181,648 | -€22,029 | -10.8% |
| Fixed assets | 21/28 | €102,685 | €81,405 | -€21,280 | -20.7% |
| Tangible fixed assets | 22/27 | €102,685 | €81,405 | -€21,280 | -20.7% |
| Plant, machinery and equipment | 23 | €8,975 | €4,680 | -€4,295 | -47.9% |
| Furniture and vehicles | 24 | €93,710 | €76,724 | -€16,985 | -18.1% |
| Current assets | 29/58 | €100,992 | €100,244 | -€748 | -0.7% |
| Amounts receivable within one year | 40/41 | €100,863 | €100,142 | -€721 | -0.7% |
| Trade receivables | 40 | €22,545 | €23,565 | +€1,020 | +4.5% |
| Other amounts receivable | 41 | €78,318 | €76,577 | -€1,741 | -2.2% |
| Deferred charges and accrued income | 490/1 | €129 | €102 | -€27 | -21.1% |
| Total equity and liabilities | 10/49 | €203,677 | €181,648 | -€22,029 | -10.8% |
| Equity | 10/15 | €109,044 | €110,768 | +€1,724 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,836 | €63,560 | +€1,724 | +2.8% |
| Distributable reserves | 133 | €61,836 | €63,560 | +€1,724 | +2.8% |
| Profit (loss) carried forward | 14 | €41,008 | €41,008 | = | 0.0% |
| Amounts payable | 17/49 | €94,633 | €70,880 | -€23,752 | -25.1% |
| Amounts payable after more than one year | 17 | €53,552 | €44,049 | -€9,504 | -17.7% |
| Financial debts | 170/4 | €53,552 | €44,049 | -€9,504 | -17.7% |
| Amounts payable within one year | 42/48 | €41,080 | €26,832 | -€14,249 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €15,355 | €9,504 | -€5,852 | -38.1% |
| Financial debts | 43 | €14,466 | €7,035 | -€7,432 | -51.4% |
| Credit institutions | 430/8 | €14,466 | €7,035 | -€7,432 | -51.4% |
| Trade debts | 44 | €1,885 | €8,364 | +€6,479 | +343.6% |
| Suppliers | 440/4 | €1,885 | €8,364 | +€6,479 | +343.6% |
| Taxes, remuneration and social security | 45 | €9,374 | €1,929 | -€7,444 | -79.4% |
| Taxes | 450/3 | €9,374 | €1,929 | -€7,444 | -79.4% |
| Non-recurring operating income | 76A | €11,570 | €0 | -€11,570 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,105 | €904 | -€201 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,997 | €19,200 | +€1,203 | +6.7% |
| Other operating charges | 640/8 | €1,545 | €1,341 | -€203 | -13.2% |
| Non-recurring operating charges | 66A | - | €5,347 | +€5,347 | |
| Gross operating margin | 9900 | €56,175 | €31,529 | -€24,646 | -43.9% |
| Operating profit (loss) | 9901 | €35,528 | €4,737 | -€30,791 | -86.7% |
| Financial income | 75/76B | €2,638 | €4,057 | +€1,420 | +53.8% |
| Recurring financial income | 75 | €2,638 | €4,057 | +€1,420 | +53.8% |
| Financial charges | 65/66B | €4,983 | €5,524 | +€541 | +10.9% |
| Recurring financial charges | 65 | €4,983 | €5,524 | +€541 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €33,183 | €3,270 | -€29,913 | -90.1% |
| Income taxes | 67/77 | €8,724 | €1,547 | -€7,178 | -82.3% |
| Profit (loss) for the period | 9904 | €24,458 | €1,724 | -€22,735 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,458 | €1,724 | -€22,735 | -93.0% |
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 9 October 2026 via checked.be.