Aluro: 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.
Aluro
Largest movements
- Cash -€370,422
down €370,422 (-68.7%), from €539,298 to €168,875
mainly Trade debts (-€938,406) and Investment in fixed assets (net) (-€764,063)
- Stocks and contracts +€137,282
up €137,282 (+4.4%), from €3.1m to €3.3m
of which Contracts in progress: +€980,220
- Tangible fixed assets +€130,923
up €130,923 (+11.9%), from €1.1m to €1.2m
of which Leasing and similar rights: +€159,019
- Trade debts -€938,406
down €938,406 (-47.7%), from €2.0m to €1.0m
- Reserves +€282,494
up €282,494 (+28.0%), from €1.0m to €1.3m
of which Distributable reserves: +€282,494
- Advances received +€276,922
up €276,922 (+139.0%), from €199,293 to €476,215
- Debts after one year +€179,804
up €179,804 (+10.1%), from €1.8m to €2.0m
of which Financial debts: +€179,804
- Tax, wage and social debts +€82,712
up €82,712 (+32.3%), from €256,433 to €339,145
of which Remuneration and social security: +€87,455
- Staff costs -€155,441
down €155,441 (-6.1%), from €2.6m to €2.4m
- Gross operating margin -€132,502
down €132,502 (-3.4%), from €3.9m to €3.8m
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 | €6,995,570 | €6,811,005 | -€184,565 | -2.6% |
| Fixed assets | 21/28 | €2,253,238 | €2,326,016 | +€72,778 | +3.2% |
| Intangible fixed assets | 21 | €1,155,124 | €1,096,979 | -€58,145 | -5.0% |
| Tangible fixed assets | 22/27 | €1,098,114 | €1,229,037 | +€130,923 | +11.9% |
| Plant, machinery and equipment | 23 | €109,655 | €108,462 | -€1,193 | -1.1% |
| Furniture and vehicles | 24 | €47,207 | €43,403 | -€3,804 | -8.1% |
| Leasing and similar rights | 25 | €660,056 | €819,075 | +€159,019 | +24.1% |
| Other tangible fixed assets | 26 | €281,196 | €258,098 | -€23,098 | -8.2% |
| Current assets | 29/58 | €4,742,332 | €4,484,989 | -€257,343 | -5.4% |
| Stocks and contracts in progress | 3 | €3,137,911 | €3,275,193 | +€137,282 | +4.4% |
| Stocks | 30/36 | €3,137,911 | €2,294,973 | -€842,939 | -26.9% |
| Contracts in progress | 37 | - | €980,220 | +€980,220 | |
| Amounts receivable within one year | 40/41 | €1,058,669 | €1,040,921 | -€17,748 | -1.7% |
| Trade receivables | 40 | €807,903 | €907,316 | +€99,413 | +12.3% |
| Other amounts receivable | 41 | €250,766 | €133,605 | -€117,161 | -46.7% |
| Cash at bank and in hand | 54/58 | €539,298 | €168,875 | -€370,422 | -68.7% |
| Deferred charges and accrued income | 490/1 | €6,454 | - | -€6,454 | |
| Total equity and liabilities | 10/49 | €6,995,570 | €6,811,005 | -€184,565 | -2.6% |
| Equity | 10/15 | €1,509,722 | €1,792,216 | +€282,494 | +18.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,009,722 | €1,292,216 | +€282,494 | +28.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,289 | €49,289 | = | 0.0% |
| Distributable reserves | 133 | €910,432 | €1,192,927 | +€282,494 | +31.0% |
| Amounts payable | 17/49 | €5,485,848 | €5,018,789 | -€467,059 | -8.5% |
| Amounts payable after more than one year | 17 | €1,772,418 | €1,952,222 | +€179,804 | +10.1% |
| Financial debts | 170/4 | €432,076 | €611,880 | +€179,804 | +41.6% |
| Other amounts payable | 178/9 | €1,340,342 | €1,340,342 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,644,325 | €3,020,648 | -€623,677 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €362,321 | €286,775 | -€75,545 | -20.9% |
| Financial debts | 43 | €659,859 | €690,500 | +€30,641 | +4.6% |
| Credit institutions | 430/8 | €659,859 | €690,500 | +€30,641 | +4.6% |
| Trade debts | 44 | €1,966,419 | €1,028,013 | -€938,406 | -47.7% |
| Suppliers | 440/4 | €1,966,419 | €1,028,013 | -€938,406 | -47.7% |
| Advances received on contracts in progress | 46 | €199,293 | €476,215 | +€276,922 | +139.0% |
| Taxes, remuneration and social security | 45 | €256,433 | €339,145 | +€82,712 | +32.3% |
| Taxes | 450/3 | €4,744 | - | -€4,744 | |
| Remuneration and social security | 454/9 | €251,689 | €339,145 | +€87,455 | +34.7% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €69,106 | €45,920 | -€23,186 | -33.6% |
| Non-recurring operating income | 76A | €23,132 | €164,450 | +€141,318 | +610.9% |
| Remuneration, social security and pensions | 62 | €2,566,792 | €2,411,351 | -€155,441 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €657,996 | €691,285 | +€33,288 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €263,086 | €263,793 | +€708 | +0.3% |
| Other operating charges | 640/8 | €18,714 | €17,373 | -€1,341 | -7.2% |
| Gross operating margin | 9900 | €3,946,021 | €3,813,519 | -€132,502 | -3.4% |
| Operating profit (loss) | 9901 | €439,434 | €429,717 | -€9,716 | -2.2% |
| Financial income | 75/76B | €8,346 | €21,509 | +€13,163 | +157.7% |
| Recurring financial income | 75 | €8,346 | €21,509 | +€13,163 | +157.7% |
| Financial charges | 65/66B | €143,773 | €140,016 | -€3,758 | -2.6% |
| Recurring financial charges | 65 | €143,773 | €140,016 | -€3,758 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €304,007 | €311,211 | +€7,204 | +2.4% |
| Income taxes | 67/77 | €4,744 | €28,717 | +€23,973 | +505.3% |
| Profit (loss) for the period | 9904 | €299,263 | €282,494 | -€16,769 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €299,263 | €282,494 | -€16,769 | -5.6% |
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 11 October 2026 via checked.be.