ALUNEO: 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.
ALUNEO
Largest movements
- Tangible fixed assets -€230,358
down €230,358 (-16.6%), from €1.4m to €1.2m
of which Leasing and similar rights: -€139,787
- Cash +€223,042
up €223,042 (+68.6%), from €325,056 to €548,098
mainly Net result for the year (+€380,968) and Depreciation (+€257,140)
- Stocks and contracts +€101,667
up €101,667 (+21.4%), from €475,297 to €576,964
- Receivables within one year -€31,146
down €31,146 (-12.7%), from €244,545 to €213,399
of which Other amounts receivable: -€24,713
- Profit (loss) carried forward +€190,968
up €190,968 (+29.2%), from €653,897 to €844,865
- Other debts -€137,434
down €137,434 (-33.4%), from €412,043 to €274,609
- Trade debts +€63,725
up €63,725 (+84.1%), from €75,763 to €139,487
- Debts after one year -€49,535
down €49,535 (-8.4%), from €591,202 to €541,667
- Advances received +€34,321
up €34,321 (+42.8%), from €80,265 to €114,587
- Gross operating margin +€107,407
up €107,407 (+9.6%), from €1.1m to €1.2m
- Taxes +€35,529
up €35,529 (+38.2%), from €93,001 to €128,531
- Financial charges -€13,857
down €13,857 (-25.5%), from €54,440 to €40,584
- Financial income +€13,668
up €13,668 (+95.5%), from €14,305 to €27,973
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 | €2,446,282 | €2,514,887 | +€68,605 | +2.8% |
| Fixed assets | 21/28 | €1,383,673 | €1,153,315 | -€230,358 | -16.6% |
| Tangible fixed assets | 22/27 | €1,383,673 | €1,153,315 | -€230,358 | -16.6% |
| Plant, machinery and equipment | 23 | €534,334 | €454,979 | -€79,355 | -14.9% |
| Furniture and vehicles | 24 | €17,303 | €19,912 | +€2,608 | +15.1% |
| Leasing and similar rights | 25 | €716,828 | €577,041 | -€139,787 | -19.5% |
| Other tangible fixed assets | 26 | €115,207 | €101,383 | -€13,825 | -12.0% |
| Current assets | 29/58 | €1,062,608 | €1,361,572 | +€298,963 | +28.1% |
| Stocks and contracts in progress | 3 | €475,297 | €576,964 | +€101,667 | +21.4% |
| Stocks | 30/36 | €475,297 | €576,964 | +€101,667 | +21.4% |
| Amounts receivable within one year | 40/41 | €244,545 | €213,399 | -€31,146 | -12.7% |
| Trade receivables | 40 | €171,832 | €165,399 | -€6,433 | -3.7% |
| Other amounts receivable | 41 | €72,713 | €48,000 | -€24,713 | -34.0% |
| Cash at bank and in hand | 54/58 | €325,056 | €548,098 | +€223,042 | +68.6% |
| Deferred charges and accrued income | 490/1 | €17,710 | €23,111 | +€5,401 | +30.5% |
| Total equity and liabilities | 10/49 | €2,446,282 | €2,514,887 | +€68,605 | +2.8% |
| Equity | 10/15 | €935,426 | €1,126,393 | +€190,968 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €262,929 | €262,929 | = | 0.0% |
| Distributable reserves | 133 | €262,929 | €262,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | €653,897 | €844,865 | +€190,968 | +29.2% |
| Amounts payable | 17/49 | €1,510,856 | €1,388,493 | -€122,363 | -8.1% |
| Amounts payable after more than one year | 17 | €591,202 | €541,667 | -€49,535 | -8.4% |
| Financial debts | 170/4 | €591,202 | €541,667 | -€49,535 | -8.4% |
| Amounts payable within one year | 42/48 | €899,603 | €845,508 | -€54,096 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €232,860 | €217,092 | -€15,768 | -6.8% |
| Financial debts | 43 | €25,363 | €12,685 | -€12,679 | -50.0% |
| Credit institutions | 430/8 | €25,363 | €12,685 | -€12,679 | -50.0% |
| Trade debts | 44 | €75,763 | €139,487 | +€63,725 | +84.1% |
| Suppliers | 440/4 | €75,763 | €139,487 | +€63,725 | +84.1% |
| Advances received on contracts in progress | 46 | €80,265 | €114,587 | +€34,321 | +42.8% |
| Taxes, remuneration and social security | 45 | €73,309 | €87,048 | +€13,739 | +18.7% |
| Taxes | 450/3 | €40,852 | €52,975 | +€12,123 | +29.7% |
| Remuneration and social security | 454/9 | €32,457 | €34,073 | +€1,616 | +5.0% |
| Other amounts payable | 47/48 | €412,043 | €274,609 | -€137,434 | -33.4% |
| Accrued charges and deferred income | 492/3 | €20,050 | €1,318 | -€18,732 | -93.4% |
| Remuneration, social security and pensions | 62 | €429,300 | €430,021 | +€721 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,900 | €257,140 | -€4,760 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €14,793 | €15,346 | +€554 | +3.7% |
| Gross operating margin | 9900 | €1,117,210 | €1,224,617 | +€107,407 | +9.6% |
| Operating profit (loss) | 9901 | €411,217 | €522,110 | +€110,893 | +27.0% |
| Financial income | 75/76B | €14,305 | €27,973 | +€13,668 | +95.5% |
| Recurring financial income | 75 | €14,305 | €27,973 | +€13,668 | +95.5% |
| Financial charges | 65/66B | €54,440 | €40,584 | -€13,857 | -25.5% |
| Recurring financial charges | 65 | €54,440 | €40,584 | -€13,857 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €371,081 | €509,499 | +€138,417 | +37.3% |
| Income taxes | 67/77 | €93,001 | €128,531 | +€35,529 | +38.2% |
| Profit (loss) for the period | 9904 | €278,080 | €380,968 | +€102,888 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €278,080 | €380,968 | +€102,888 | +37.0% |
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 10 October 2026 via checked.be.