ALUMAR: 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.
ALUMAR
Largest movements
- Cash -€57,034
down €57,034 (-75.3%), from €75,721 to €18,687
mainly Receivables within one year (-€49,048) and Short-term financial debts (-€40,000)
- Receivables within one year +€49,048
up €49,048 (+145.9%), from €33,619 to €82,667
of which Trade receivables: +€52,594
- Stocks and contracts -€30,000
down €30,000 (-40.7%), from €73,700 to €43,700
of which Stocks: -€30,000
- Short-term financial debts -€40,000
down €40,000 (-20.5%), from €195,000 to €155,000
- Other debts +€10,674
new in 2025: €10,674
- Debts after one year -€5,888
no longer reported in 2025 (was €5,888)
- Trade debts -€4,332
down €4,332 (-54.1%), from €8,009 to €3,677
- Profit (loss) carried forward +€3,166
up €3,166 (+17.2%), from €18,378 to €21,544
- Gross operating margin +€10,093
up €10,093 (+39.1%), from €25,806 to €35,899
- Depreciation +€1,004
up €1,004 (+5.3%), from €18,817 to €19,821
- Financial charges -€615
down €615 (-4.9%), from €12,590 to €11,975
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 | €236,335 | €199,955 | -€36,380 | -15.4% |
| Fixed assets | 21/28 | €53,295 | €54,901 | +€1,606 | +3.0% |
| Tangible fixed assets | 22/27 | €53,295 | €54,901 | +€1,606 | +3.0% |
| Land and buildings | 22 | - | €14,190 | +€14,190 | |
| Plant, machinery and equipment | 23 | €22,171 | €15,865 | -€6,306 | -28.4% |
| Furniture and vehicles | 24 | €12,349 | €8,558 | -€3,791 | -30.7% |
| Assets under construction and advance payments | 27 | €18,775 | €16,288 | -€2,487 | -13.2% |
| Current assets | 29/58 | €183,040 | €145,054 | -€37,986 | -20.8% |
| Stocks and contracts in progress | 3 | €73,700 | €43,700 | -€30,000 | -40.7% |
| Stocks | 30/36 | €50,400 | €20,400 | -€30,000 | -59.5% |
| Contracts in progress | 37 | €23,300 | €23,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,619 | €82,667 | +€49,048 | +145.9% |
| Trade receivables | 40 | €22,371 | €74,965 | +€52,594 | +235.1% |
| Other amounts receivable | 41 | €11,248 | €7,702 | -€3,546 | -31.5% |
| Cash at bank and in hand | 54/58 | €75,721 | €18,687 | -€57,034 | -75.3% |
| Total equity and liabilities | 10/49 | €236,335 | €199,955 | -€36,380 | -15.4% |
| Equity | 10/15 | €26,438 | €29,604 | +€3,166 | +12.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,378 | €21,544 | +€3,166 | +17.2% |
| Amounts payable | 17/49 | €209,897 | €170,351 | -€39,546 | -18.8% |
| Amounts payable after more than one year | 17 | €5,888 | - | -€5,888 | |
| Financial debts | 170/4 | €5,888 | - | -€5,888 | |
| Amounts payable within one year | 42/48 | €204,009 | €170,351 | -€33,658 | -16.5% |
| Financial debts | 43 | €195,000 | €155,000 | -€40,000 | -20.5% |
| Credit institutions | 430/8 | €195,000 | €155,000 | -€40,000 | -20.5% |
| Trade debts | 44 | €8,009 | €3,677 | -€4,332 | -54.1% |
| Suppliers | 440/4 | €8,009 | €3,677 | -€4,332 | -54.1% |
| Taxes, remuneration and social security | 45 | €1,000 | €1,000 | = | 0.0% |
| Taxes | 450/3 | - | €1,000 | +€1,000 | |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | - | €10,674 | +€10,674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,817 | €19,821 | +€1,004 | +5.3% |
| Other operating charges | 640/8 | €757 | €937 | +€180 | +23.8% |
| Gross operating margin | 9900 | €25,806 | €35,899 | +€10,093 | +39.1% |
| Operating profit (loss) | 9901 | €6,232 | €15,141 | +€8,909 | +143.0% |
| Financial charges | 65/66B | €12,590 | €11,975 | -€615 | -4.9% |
| Recurring financial charges | 65 | €12,590 | €11,975 | -€615 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,358 | €3,166 | +€9,524 | |
| Income taxes | 67/77 | €107 | - | -€107 | |
| Profit (loss) for the period | 9904 | -€6,465 | €3,166 | +€9,631 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,465 | €3,166 | +€9,631 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.