ALUNAM: 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.
ALUNAM
Largest movements
- Cash -€16,788
down €16,788 (-98.7%), from €17,016 to €228
mainly Net result for the year (-€13,712) and Trade debts (-€5,057)
- Receivables within one year +€3,582
up €3,582 (+3.7%), from €95,614 to €99,196
of which Trade receivables: +€3,582
- Profit (loss) carried forward -€13,651
new in 2025: -€13,651
- Other debts +€6,903
new in 2025: €6,903
- Trade debts -€5,057
down €5,057 (-87.3%), from €5,790 to €733
- Tax, wage and social debts -€2,175
down €2,175 (-21.5%), from €10,136 to €7,961
of which Taxes: -€2,176
- Gross operating margin -€16,949
down €16,949, from €6,093 to -€10,856
- Financial income +€11,032
up €11,032 (+96,180%), from €11 to €11,043
- Financial charges +€9,363
up €9,363 (+273%), from €3,428 to €12,791
- Taxes -€1,872
down €1,872 (-91.3%), from €2,050 to €178
- Depreciation +€431
up €431 (+216%), from €200 to €631
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 | €115,788 | €101,747 | -€14,041 | -12.1% |
| Fixed assets | 21/28 | €2,953 | €2,323 | -€631 | -21.4% |
| Tangible fixed assets | 22/27 | €2,953 | €2,323 | -€631 | -21.4% |
| Furniture and vehicles | 24 | €2,953 | €2,323 | -€631 | -21.4% |
| Current assets | 29/58 | €112,835 | €99,424 | -€13,410 | -11.9% |
| Amounts receivable within one year | 40/41 | €95,614 | €99,196 | +€3,582 | +3.7% |
| Trade receivables | 40 | €3,678 | €7,260 | +€3,582 | +97.4% |
| Other amounts receivable | 41 | €91,936 | €91,936 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,016 | €228 | -€16,788 | -98.7% |
| Deferred charges and accrued income | 490/1 | €204 | €0 | -€204 | -100% |
| Total equity and liabilities | 10/49 | €115,788 | €101,747 | -€14,041 | -12.1% |
| Equity | 10/15 | €1,861 | -€11,851 | -€13,712 | |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | €61 | €0 | -€61 | -100% |
| Distributable reserves | 133 | €61 | €0 | -€61 | -100% |
| Profit (loss) carried forward | 14 | - | -€13,651 | -€13,651 | |
| Amounts payable | 17/49 | €113,926 | €113,597 | -€329 | -0.3% |
| Amounts payable after more than one year | 17 | €98,000 | €98,000 | = | 0.0% |
| Financial debts | 170/4 | €98,000 | €98,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,926 | €15,597 | -€329 | -2.1% |
| Trade debts | 44 | €5,790 | €733 | -€5,057 | -87.3% |
| Suppliers | 440/4 | €5,790 | €733 | -€5,057 | -87.3% |
| Taxes, remuneration and social security | 45 | €10,136 | €7,961 | -€2,175 | -21.5% |
| Taxes | 450/3 | €7,957 | €5,781 | -€2,176 | -27.3% |
| Remuneration and social security | 454/9 | €2,179 | €2,179 | +€0 | 0.0% |
| Other amounts payable | 47/48 | - | €6,903 | +€6,903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €631 | +€431 | +216% |
| Other operating charges | 640/8 | €365 | €300 | -€65 | -17.9% |
| Gross operating margin | 9900 | €6,093 | -€10,856 | -€16,949 | |
| Operating profit (loss) | 9901 | €5,528 | -€11,786 | -€17,314 | |
| Financial income | 75/76B | €11 | €11,043 | +€11,032 | +96,180% |
| Recurring financial income | 75 | €11 | €11,043 | +€11,032 | +96,180% |
| Financial charges | 65/66B | €3,428 | €12,791 | +€9,363 | +273% |
| Recurring financial charges | 65 | €3,428 | €12,791 | +€9,363 | +273% |
| Profit (loss) for the period before taxes | 9903 | €2,112 | -€13,534 | -€15,646 | |
| Income taxes | 67/77 | €2,050 | €178 | -€1,872 | -91.3% |
| Profit (loss) for the period | 9904 | €61 | -€13,712 | -€13,774 | |
| Profit (loss) for the period to be appropriated | 9905 | €61 | -€13,712 | -€13,774 |
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 15 October 2026 via checked.be.