ALUMETAL: 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.
ALUMETAL
Largest movements
- Stocks and contracts -€52,079
down €52,079 (-18.0%), from €290,040 to €237,962
of which Stocks: -€51,079
- Cash +€46,217
up €46,217 (+9.5%), from €487,726 to €533,944
mainly Net result for the year (+€115,139) and Stocks and contracts (+€52,079)
- Tangible fixed assets -€41,006
down €41,006 (-7.4%), from €557,087 to €516,081
of which Land and buildings: -€24,341
- Receivables within one year +€37,439
up €37,439 (+45.8%), from €81,776 to €119,215
of which Trade receivables: +€37,439
- Reserves +€43,719
up €43,719 (+8.1%), from €542,201 to €585,920
of which Distributable reserves: +€50,048
- Debts after one year -€33,450
down €33,450 (-37.4%), from €89,355 to €55,904
- Trade debts -€21,669
down €21,669 (-49.3%), from €43,971 to €22,303
- Tax, wage and social debts +€17,838
up €17,838 (+50.0%), from €35,704 to €53,542
of which Taxes: +€15,338
- Taxes -€3,737
down €3,737 (-6.8%), from €54,898 to €51,161
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 | €1,420,810 | €1,411,977 | -€8,833 | -0.6% |
| Fixed assets | 21/28 | €557,587 | €516,517 | -€41,070 | -7.4% |
| Intangible fixed assets | 21 | €365 | €301 | -€64 | -17.5% |
| Tangible fixed assets | 22/27 | €557,087 | €516,081 | -€41,006 | -7.4% |
| Land and buildings | 22 | €502,727 | €478,385 | -€24,341 | -4.8% |
| Plant, machinery and equipment | 23 | €2,105 | €1,223 | -€882 | -41.9% |
| Furniture and vehicles | 24 | €52,255 | €36,473 | -€15,783 | -30.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €863,223 | €895,460 | +€32,237 | +3.7% |
| Stocks and contracts in progress | 3 | €290,040 | €237,962 | -€52,079 | -18.0% |
| Stocks | 30/36 | €284,040 | €232,962 | -€51,079 | -18.0% |
| Contracts in progress | 37 | €6,000 | €5,000 | -€1,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €81,776 | €119,215 | +€37,439 | +45.8% |
| Trade receivables | 40 | €81,776 | €119,215 | +€37,439 | +45.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €487,726 | €533,944 | +€46,217 | +9.5% |
| Deferred charges and accrued income | 490/1 | €3,680 | €4,340 | +€660 | +17.9% |
| Total equity and liabilities | 10/49 | €1,420,810 | €1,411,977 | -€8,833 | -0.6% |
| Equity | 10/15 | €702,474 | €746,193 | +€43,719 | +6.2% |
| Contributions | 10/11 | €154,900 | €154,900 | = | 0.0% |
| Reserves | 13 | €542,201 | €585,920 | +€43,719 | +8.1% |
| Non-distributable reserves | 130/1 | €6,157 | €6,157 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,157 | €6,157 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,238 | €57,909 | -€6,329 | -9.9% |
| Distributable reserves | 133 | €471,806 | €521,854 | +€50,048 | +10.6% |
| Profit (loss) carried forward | 14 | €5,374 | €5,374 | = | 0.0% |
| Provisions and deferred taxes | 16 | €20,748 | €18,640 | -€2,107 | -10.2% |
| Deferred taxes | 168 | €20,748 | €18,640 | -€2,107 | -10.2% |
| Amounts payable | 17/49 | €697,588 | €647,144 | -€50,444 | -7.2% |
| Amounts payable after more than one year | 17 | €89,355 | €55,904 | -€33,450 | -37.4% |
| Financial debts | 170/4 | €89,355 | €55,904 | -€33,450 | -37.4% |
| Amounts payable within one year | 42/48 | €603,197 | €587,816 | -€15,381 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €35,321 | €33,450 | -€1,871 | -5.3% |
| Financial debts | 43 | €80,126 | €80,120 | -€6 | 0.0% |
| Credit institutions | 430/8 | €80,126 | €80,120 | -€6 | 0.0% |
| Trade debts | 44 | €43,971 | €22,303 | -€21,669 | -49.3% |
| Suppliers | 440/4 | €43,971 | €22,303 | -€21,669 | -49.3% |
| Taxes, remuneration and social security | 45 | €35,704 | €53,542 | +€17,838 | +50.0% |
| Taxes | 450/3 | €35,704 | €51,042 | +€15,338 | +43.0% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €408,075 | €398,401 | -€9,673 | -2.4% |
| Accrued charges and deferred income | 492/3 | €5,036 | €3,423 | -€1,613 | -32.0% |
| Non-recurring operating income | 76A | €0 | €40,000 | +€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,672 | €41,070 | -€1,602 | -3.8% |
| Other operating charges | 640/8 | €10,421 | €10,074 | -€347 | -3.3% |
| Gross operating margin | 9900 | €252,312 | €252,291 | -€22 | 0.0% |
| Operating profit (loss) | 9901 | €199,219 | €201,146 | +€1,927 | +1.0% |
| Financial income | 75/76B | €2,135 | €2,480 | +€345 | +16.2% |
| Recurring financial income | 75 | €2,135 | €2,480 | +€345 | +16.2% |
| Financial charges | 65/66B | €41,609 | €39,433 | -€2,176 | -5.2% |
| Recurring financial charges | 65 | €41,609 | €39,433 | -€2,176 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €159,745 | €164,193 | +€4,449 | +2.8% |
| Transfer from deferred taxes | 780 | €2,107 | €2,107 | = | 0.0% |
| Income taxes | 67/77 | €54,898 | €51,161 | -€3,737 | -6.8% |
| Profit (loss) for the period | 9904 | €106,954 | €115,139 | +€8,185 | +7.7% |
| Transfer from tax-exempt reserves | 789 | €6,329 | €6,329 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €113,283 | €121,468 | +€8,185 | +7.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.