ALUPO: 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.
ALUPO
Largest movements
- Receivables within one year +€16,863
up €16,863 (+17.4%), from €96,859 to €113,721
of which Trade receivables: +€21,764
- Tangible fixed assets +€7,151
up €7,151 (+50.0%), from €14,310 to €21,462
of which Furniture and vehicles: +€7,574
- Cash +€5,227
up €5,227 (+11.0%), from €47,362 to €52,590
mainly Trade debts (+€24,376) and Net result for the year (+€17,138)
- Trade debts +€24,376
up €24,376 (+25.8%), from €94,564 to €118,940
- Reserves +€3,816
up €3,816 (+7.2%), from €52,890 to €56,706
- Gross operating margin +€23,969
up €23,969 (+312%), from €7,671 to €31,640
- Taxes +€5,307
up €5,307 (+181%), from €2,931 to €8,238
- Depreciation +€1,436
up €1,436 (+61.3%), from €2,343 to €3,779
- Other operating charges +€376
up €376 (+28.0%), from €1,341 to €1,716
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 | €186,715 | €214,761 | +€28,045 | +15.0% |
| Fixed assets | 21/28 | €14,310 | €21,462 | +€7,151 | +50.0% |
| Tangible fixed assets | 22/27 | €14,310 | €21,462 | +€7,151 | +50.0% |
| Land and buildings | 22 | €8,181 | €7,667 | -€514 | -6.3% |
| Plant, machinery and equipment | 23 | €6,129 | €6,220 | +€91 | +1.5% |
| Furniture and vehicles | 24 | - | €7,574 | +€7,574 | |
| Current assets | 29/58 | €172,405 | €193,299 | +€20,894 | +12.1% |
| Amounts receivable within one year | 40/41 | €96,859 | €113,721 | +€16,863 | +17.4% |
| Trade receivables | 40 | €71,509 | €93,273 | +€21,764 | +30.4% |
| Other amounts receivable | 41 | €25,350 | €20,448 | -€4,901 | -19.3% |
| Cash at bank and in hand | 54/58 | €47,362 | €52,590 | +€5,227 | +11.0% |
| Deferred charges and accrued income | 490/1 | €28,184 | €26,988 | -€1,196 | -4.2% |
| Total equity and liabilities | 10/49 | €186,715 | €214,761 | +€28,045 | +15.0% |
| Equity | 10/15 | €86,901 | €90,717 | +€3,816 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,890 | €56,706 | +€3,816 | +7.2% |
| Distributable reserves | 133 | €52,890 | €56,706 | +€3,816 | +7.2% |
| Profit (loss) carried forward | 14 | €15,410 | €15,410 | = | 0.0% |
| Amounts payable | 17/49 | €99,814 | €124,044 | +€24,229 | +24.3% |
| Amounts payable within one year | 42/48 | €99,814 | €124,044 | +€24,229 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €94,564 | €118,940 | +€24,376 | +25.8% |
| Suppliers | 440/4 | €94,564 | €118,940 | +€24,376 | +25.8% |
| Taxes, remuneration and social security | 45 | €5,250 | €5,104 | -€146 | -2.8% |
| Taxes | 450/3 | €5,250 | €5,104 | -€146 | -2.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,343 | €3,779 | +€1,436 | +61.3% |
| Other operating charges | 640/8 | €1,341 | €1,716 | +€376 | +28.0% |
| Gross operating margin | 9900 | €7,671 | €31,640 | +€23,969 | +312% |
| Operating profit (loss) | 9901 | €3,988 | €26,145 | +€22,157 | +556% |
| Financial income | 75/76B | €540 | €302 | -€237 | -44.0% |
| Recurring financial income | 75 | €540 | €302 | -€237 | -44.0% |
| Financial charges | 65/66B | €1,311 | €1,071 | -€240 | -18.3% |
| Recurring financial charges | 65 | €1,311 | €1,071 | -€240 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €3,217 | €25,376 | +€22,159 | +689% |
| Income taxes | 67/77 | €2,931 | €8,238 | +€5,307 | +181% |
| Profit (loss) for the period | 9904 | €286 | €17,138 | +€16,853 | +5,902% |
| Profit (loss) for the period to be appropriated | 9905 | €286 | €17,138 | +€16,853 | +5,902% |
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 29 October 2026 via checked.be.