Alumbuco: 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.
Alumbuco
Largest movements
- Cash -€43,714
down €43,714 (-41.9%), from €104,323 to €60,608
mainly Contributions, distributions and other (-€120,114) and Investment in fixed assets (net) (-€37,492)
- Reserves -€34,863
down €34,863 (-1.8%), from €2.0m to €1.9m
of which Distributable reserves: -€34,863
- Gross operating margin +€20,232
up €20,232 (+18.2%), from €111,106 to €131,339
- Taxes +€8,946
up €8,946 (+28.8%), from €31,025 to €39,972
- Depreciation +€8,271
up €8,271 (+34.8%), from €23,773 to €32,044
- Financial charges -€6,518
down €6,518 (-50.9%), from €12,808 to €6,289
- Financial income +€3,269
up €3,269 (+6.1%), from €53,640 to €56,908
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,161,973 | €2,120,960 | -€41,013 | -1.9% |
| Fixed assets | 21/28 | €434,687 | €440,134 | +€5,447 | +1.3% |
| Tangible fixed assets | 22/27 | €434,687 | €440,134 | +€5,447 | +1.3% |
| Land and buildings | 22 | €377,467 | €394,756 | +€17,289 | +4.6% |
| Plant, machinery and equipment | 23 | €478 | €110 | -€368 | -77.0% |
| Furniture and vehicles | 24 | €56,742 | €45,268 | -€11,474 | -20.2% |
| Current assets | 29/58 | €1,727,286 | €1,680,826 | -€46,460 | -2.7% |
| Amounts receivable within one year | 40/41 | €12,898 | €18,476 | +€5,578 | +43.2% |
| Other amounts receivable | 41 | €12,898 | €18,476 | +€5,578 | +43.2% |
| Current investments | 50/53 | €1,583,836 | €1,595,566 | +€11,730 | +0.7% |
| Cash at bank and in hand | 54/58 | €104,323 | €60,608 | -€43,714 | -41.9% |
| Deferred charges and accrued income | 490/1 | €26,229 | €6,176 | -€20,054 | -76.5% |
| Total equity and liabilities | 10/49 | €2,161,973 | €2,120,960 | -€41,013 | -1.9% |
| Equity | 10/15 | €2,039,165 | €2,004,302 | -€34,863 | -1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,977,165 | €1,942,302 | -€34,863 | -1.8% |
| Non-distributable reserves | 130/1 | €9,269 | €9,269 | = | 0.0% |
| Legal reserve | 130 | €8,503 | €8,503 | = | 0.0% |
| Reserves not available under the articles | 1311 | €766 | €766 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,691 | €15,691 | = | 0.0% |
| Distributable reserves | 133 | €1,952,204 | €1,917,342 | -€34,863 | -1.8% |
| Amounts payable | 17/49 | €122,808 | €116,658 | -€6,150 | -5.0% |
| Amounts payable within one year | 42/48 | €274 | €459 | +€185 | +67.6% |
| Trade debts | 44 | €274 | €459 | +€185 | +67.6% |
| Suppliers | 440/4 | €274 | €459 | +€185 | +67.6% |
| Accrued charges and deferred income | 492/3 | €122,534 | €116,199 | -€6,335 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,773 | €32,044 | +€8,271 | +34.8% |
| Other operating charges | 640/8 | €24,026 | €24,691 | +€665 | +2.8% |
| Gross operating margin | 9900 | €111,106 | €131,339 | +€20,232 | +18.2% |
| Operating profit (loss) | 9901 | €63,306 | €74,603 | +€11,297 | +17.8% |
| Financial income | 75/76B | €53,640 | €56,908 | +€3,269 | +6.1% |
| Recurring financial income | 75 | €53,640 | €56,908 | +€3,269 | +6.1% |
| Financial charges | 65/66B | €12,808 | €6,289 | -€6,518 | -50.9% |
| Recurring financial charges | 65 | €12,808 | €6,289 | -€6,518 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €104,138 | €125,222 | +€21,084 | +20.2% |
| Income taxes | 67/77 | €31,025 | €39,972 | +€8,946 | +28.8% |
| Profit (loss) for the period | 9904 | €73,113 | €85,251 | +€12,138 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,113 | €85,251 | +€12,138 | +16.6% |
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.