ALUNOX: 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.
ALUNOX
Largest movements
- Cash +€153,904
up €153,904 (+62.2%), from €247,366 to €401,270
mainly Net result for the year (+€143,766) and Current investments (+€65,110)
- Current investments -€65,110
down €65,110 (-16.6%), from €392,668 to €327,559
- Receivables within one year -€25,281
down €25,281 (-21.8%), from €115,916 to €90,635
of which Other amounts receivable: -€19,429
- Stocks and contracts -€12,784
down €12,784 (-81.6%), from €15,673 to €2,889
- Other debts +€38,105
up €38,105 (+32.4%), from €117,618 to €155,723
- Reserves +€32,421
up €32,421 (+5.3%), from €607,989 to €640,410
of which Distributable reserves: +€32,421
- Tax, wage and social debts -€28,959
down €28,959 (-62.1%), from €46,613 to €17,654
of which Taxes: -€28,959
- Trade debts +€12,300
up €12,300 (+82.4%), from €14,931 to €27,232
- Gross operating margin -€32,131
down €32,131 (-16.5%), from €195,275 to €163,144
- Financial income +€27,063
up €27,063 (+295%), from €9,163 to €36,225
- Taxes -€13,681
down €13,681 (-21.8%), from €62,813 to €49,132
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 | €799,824 | €853,711 | +€53,887 | +6.7% |
| Fixed assets | 21/28 | €12,040 | €15,199 | +€3,158 | +26.2% |
| Tangible fixed assets | 22/27 | €11,915 | €15,074 | +€3,158 | +26.5% |
| Plant, machinery and equipment | 23 | €396 | €5,263 | +€4,867 | +1,229% |
| Other tangible fixed assets | 26 | €11,520 | €9,811 | -€1,709 | -14.8% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €787,783 | €838,512 | +€50,729 | +6.4% |
| Stocks and contracts in progress | 3 | €15,673 | €2,889 | -€12,784 | -81.6% |
| Stocks | 30/36 | €15,673 | €2,889 | -€12,784 | -81.6% |
| Amounts receivable within one year | 40/41 | €115,916 | €90,635 | -€25,281 | -21.8% |
| Trade receivables | 40 | €96,488 | €90,635 | -€5,853 | -6.1% |
| Other amounts receivable | 41 | €19,429 | - | -€19,429 | |
| Current investments | 50/53 | €392,668 | €327,559 | -€65,110 | -16.6% |
| Cash at bank and in hand | 54/58 | €247,366 | €401,270 | +€153,904 | +62.2% |
| Deferred charges and accrued income | 490/1 | €16,160 | €16,160 | = | 0.0% |
| Total equity and liabilities | 10/49 | €799,824 | €853,711 | +€53,887 | +6.7% |
| Equity | 10/15 | €618,989 | €651,410 | +€32,421 | +5.2% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €607,989 | €640,410 | +€32,421 | +5.3% |
| Tax-exempt reserves | 132 | €52,500 | €52,500 | = | 0.0% |
| Distributable reserves | 133 | €555,489 | €587,910 | +€32,421 | +5.8% |
| Amounts payable | 17/49 | €180,835 | €202,301 | +€21,467 | +11.9% |
| Amounts payable within one year | 42/48 | €179,162 | €200,609 | +€21,447 | +12.0% |
| Trade debts | 44 | €14,931 | €27,232 | +€12,300 | +82.4% |
| Suppliers | 440/4 | €14,931 | €27,232 | +€12,300 | +82.4% |
| Taxes, remuneration and social security | 45 | €46,613 | €17,654 | -€28,959 | -62.1% |
| Taxes | 450/3 | €44,238 | €15,279 | -€28,959 | -65.5% |
| Remuneration and social security | 454/9 | €2,375 | €2,375 | = | 0.0% |
| Other amounts payable | 47/48 | €117,618 | €155,723 | +€38,105 | +32.4% |
| Accrued charges and deferred income | 492/3 | €1,673 | €1,692 | +€20 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,083 | €2,492 | +€409 | +19.6% |
| Other operating charges | 640/8 | €2,565 | €2,512 | -€53 | -2.1% |
| Gross operating margin | 9900 | €195,275 | €163,144 | -€32,131 | -16.5% |
| Operating profit (loss) | 9901 | €190,627 | €158,140 | -€32,487 | -17.0% |
| Financial income | 75/76B | €9,163 | €36,225 | +€27,063 | +295% |
| Recurring financial income | 75 | €9,163 | €36,225 | +€27,063 | +295% |
| Financial charges | 65/66B | €1,689 | €1,468 | -€221 | -13.1% |
| Recurring financial charges | 65 | €1,689 | €1,468 | -€221 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €198,101 | €192,898 | -€5,203 | -2.6% |
| Income taxes | 67/77 | €62,813 | €49,132 | -€13,681 | -21.8% |
| Profit (loss) for the period | 9904 | €135,288 | €143,766 | +€8,478 | +6.3% |
| Transfer from tax-exempt reserves | 789 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €177,388 | €143,766 | -€33,622 | -19.0% |
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 14 October 2026 via checked.be.