ALUMAT: 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.
ALUMAT
Largest movements
- Cash -€48,215
down €48,215 (-38.0%), from €126,850 to €78,635
- Current investments -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Tangible fixed assets -€19,425
down €19,425 (-67.8%), from €28,640 to €9,215
of which Furniture and vehicles: -€12,101
- Stocks and contracts -€10,116
down €10,116 (-13.0%), from €78,045 to €67,928
of which Stocks: -€10,562
- Deferred charges and accrued income -€7,667
down €7,667 (-53.0%), from €14,452 to €6,785
- Profit (loss) carried forward -€81,319
down €81,319, from €0 to -€81,319
- Trade debts -€14,856
down €14,856 (-13.7%), from €108,679 to €93,823
- Other debts -€13,600
down €13,600 (-100.0%), from €13,600 to €0
- Gross operating margin -€74,004
down €74,004 (-84.7%), from €87,422 to €13,418
- Staff costs +€20,757
up €20,757 (+39.0%), from €53,214 to €73,971
- Depreciation +€1,715
up €1,715 (+9.7%), from €17,710 to €19,425
- Financial charges -€1,334
down €1,334 (-82.6%), from €1,614 to €280
- Other operating charges +€1,164
up €1,164 (+67.5%), from €1,725 to €2,890
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,893 | €279,923 | -€112,970 | -28.8% |
| Fixed assets | 21/28 | €28,942 | €9,517 | -€19,425 | -67.1% |
| Tangible fixed assets | 22/27 | €28,640 | €9,215 | -€19,425 | -67.8% |
| Plant, machinery and equipment | 23 | €14,816 | €7,493 | -€7,324 | -49.4% |
| Furniture and vehicles | 24 | €13,823 | €1,722 | -€12,101 | -87.5% |
| Financial fixed assets | 28 | €302 | €302 | = | 0.0% |
| Current assets | 29/58 | €363,951 | €270,407 | -€93,545 | -25.7% |
| Stocks and contracts in progress | 3 | €78,045 | €67,928 | -€10,116 | -13.0% |
| Stocks | 30/36 | €77,792 | €67,229 | -€10,562 | -13.6% |
| Contracts in progress | 37 | €253 | €699 | +€446 | +176.3% |
| Amounts receivable within one year | 40/41 | €69,604 | €67,058 | -€2,546 | -3.7% |
| Trade receivables | 40 | €58,455 | €57,166 | -€1,290 | -2.2% |
| Other amounts receivable | 41 | €11,149 | €9,893 | -€1,257 | -11.3% |
| Current investments | 50/53 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €126,850 | €78,635 | -€48,215 | -38.0% |
| Deferred charges and accrued income | 490/1 | €14,452 | €6,785 | -€7,667 | -53.0% |
| Total equity and liabilities | 10/49 | €392,893 | €279,923 | -€112,970 | -28.8% |
| Equity | 10/15 | €248,939 | €167,620 | -€81,319 | -32.7% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Capital | 10 | €74,500 | €74,500 | = | 0.0% |
| Issued capital | 100 | €74,500 | €74,500 | = | 0.0% |
| Reserves | 13 | €174,439 | €174,439 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,450 | €7,450 | = | 0.0% |
| Legal reserve | 130 | €7,450 | €7,450 | = | 0.0% |
| Distributable reserves | 133 | €166,989 | €166,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€81,319 | -€81,319 | |
| Amounts payable | 17/49 | €143,954 | €112,303 | -€31,651 | -22.0% |
| Amounts payable within one year | 42/48 | €143,954 | €112,303 | -€31,651 | -22.0% |
| Trade debts | 44 | €108,679 | €93,823 | -€14,856 | -13.7% |
| Suppliers | 440/4 | €108,679 | €93,823 | -€14,856 | -13.7% |
| Advances received on contracts in progress | 46 | €13,435 | €9,520 | -€3,915 | -29.1% |
| Taxes, remuneration and social security | 45 | €8,240 | €8,960 | +€720 | +8.7% |
| Taxes | 450/3 | €1,980 | €1,967 | -€13 | -0.7% |
| Remuneration and social security | 454/9 | €6,260 | €6,993 | +€733 | +11.7% |
| Other amounts payable | 47/48 | €13,600 | €0 | -€13,600 | -100.0% |
| Remuneration, social security and pensions | 62 | €53,214 | €73,971 | +€20,757 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,710 | €19,425 | +€1,715 | +9.7% |
| Other operating charges | 640/8 | €1,725 | €2,890 | +€1,164 | +67.5% |
| Gross operating margin | 9900 | €87,422 | €13,418 | -€74,004 | -84.7% |
| Operating profit (loss) | 9901 | €14,773 | -€82,867 | -€97,640 | |
| Financial income | 75/76B | €3,002 | €1,962 | -€1,040 | -34.7% |
| Recurring financial income | 75 | €3,002 | €1,962 | -€1,040 | -34.7% |
| Financial charges | 65/66B | €1,614 | €280 | -€1,334 | -82.6% |
| Recurring financial charges | 65 | €1,614 | €280 | -€1,334 | -82.6% |
| Profit (loss) for the period before taxes | 9903 | €16,160 | -€81,186 | -€97,346 | |
| Income taxes | 67/77 | €956 | €133 | -€823 | -86.1% |
| Profit (loss) for the period | 9904 | €15,205 | -€81,319 | -€96,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,205 | -€81,319 | -€96,523 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 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.