ALUSENSE: 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.
What changed
ALUSENSE
NACE 25.920, Manufacture of fabricated metal products, except machinery and equipment
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2023 · €678,182+€399,867
Equity
€4.6m
2023 · €3.5m+€1.1m
Cash
€1.1m
2023 · €864,088+€211,417
Balance sheet total
€14.9m
2023 · €12.9m+€2.0m
Largest movements
Assets
- Receivables within one year +€1.8m
up €1.8m (+37.2%), from €4.9m to €6.8m
of which Other amounts receivable: +€1.1m
- Tangible fixed assets -€927,314
down €927,314 (-22.0%), from €4.2m to €3.3m
of which Assets under construction and advance payments: -€1.4m
- Stocks and contracts +€903,356
up €903,356 (+40.9%), from €2.2m to €3.1m
- Cash +€211,417
up €211,417 (+24.5%), from €864,088 to €1.1m
mainly Trade debts (+€2.3m) and Depreciation (+€1.3m)
Equity and liabilities
- Debts after one year -€2.4m
down €2.4m (-44.6%), from €5.4m to €3.0m
- Trade debts +€2.3m
up €2.3m (+85.1%), from €2.7m to €5.1m
- Profit (loss) carried forward +€1.1m
up €1.1m (+31.8%), from €3.4m to €4.5m
- Short-term financial debts +€499,430
up €499,430 (+87662.4%), from €570 to €500,000
- Tax, wage and social debts +€270,976
up €270,976 (+38.5%), from €703,500 to €974,477
of which Taxes: +€192,489
Income statement
- Turnover +€3.3m
up €3.3m (+15.9%), from €21.0m to €24.3m
- Depreciation -€2.2m
down €2.2m (-63.3%), from €3.5m to €1.3m
- Goods and materials +€1.7m
up €1.7m (+14.9%), from €11.8m to €13.5m
of which Purchases: +€3.1m
- Staff costs +€642,208
up €642,208 (+115.2%), from €557,509 to €1.2m
From the 2023 result to the 2024 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.
Result 2023
€678,182
Turnover
+€3.3m
Other operating income
-€122,595
Goods and materials
-€1.7m
Services and other goods
-€126,470
Staff costs
-€642,208
Depreciation
+€2.2m
Write-downs
+€7,720
Provisions
-€170,000
Other operating charges
-€38,955
Other operating items
-€2.1m
Financial income
+€22,574
Financial charges
+€592
Taxes
-€174,281
Result 2024
€1.1m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.2m
Investment
-€289,352
Financing
-€1.7m
Cash 2023
€864,088
From operations (derived)
+€2.2m
Net result for the year
+€1.1m
Depreciation
+€1.3m
Stocks and contracts
-€903,356
Receivables within one year
-€1.8m
Deferred charges and accrued income
+€3,512
Trade debts
+€2.3m
Tax, wage and social debts
+€270,976
Investment (derived)
-€289,352
Investment in fixed assets (net)
-€289,352
Financing
-€1.7m
Debts after one year
-€2.4m
Current portion of long-term debt
+€173,130
Short-term financial debts
+€499,430
Cash 2024
€1.1m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,906,947 | €14,860,996 | +€2.0m | +15.1% |
| Fixed assets | 21/28 | €4,295,906 | €3,303,054 | -€992,852 | -23.1% |
| Intangible fixed assets | 21 | €78,017 | €12,479 | -€65,538 | -84.0% |
| Tangible fixed assets | 22/27 | €4,209,013 | €3,281,699 | -€927,314 | -22.0% |
| Plant, machinery and equipment | 23 | €1,110,480 | €311,181 | -€799,299 | -72.0% |
| Furniture and vehicles | 24 | €35,458 | €23,811 | -€11,647 | -32.8% |
| Leasing and similar rights | 25 | €16,912 | €1,289,705 | +€1.3m | +7525.8% |
| Other tangible fixed assets | 26 | €700,687 | €700,687 | = | 0.0% |
| Assets under construction and advance payments | 27 | €2,345,475 | €956,314 | -€1.4m | -59.2% |
| Financial fixed assets | 28 | €8,876 | €8,876 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,876 | €8,876 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,876 | €8,876 | = | 0.0% |
| Current assets | 29/58 | €8,611,041 | €11,557,942 | +€2.9m | +34.2% |
| Stocks and contracts in progress | 3 | €2,206,743 | €3,110,100 | +€903,356 | +40.9% |
| Stocks | 30/36 | €2,206,743 | €3,110,100 | +€903,356 | +40.9% |
| Raw materials and consumables | 30/31 | €1,496,546 | €1,646,433 | +€149,886 | +10.0% |
| Goods purchased for resale | 34 | €710,197 | €1,463,667 | +€753,470 | +106.1% |
| Amounts receivable within one year | 40/41 | €4,932,899 | €6,768,539 | +€1.8m | +37.2% |
| Trade receivables | 40 | €1,161,319 | €1,889,226 | +€727,907 | +62.7% |
| Other amounts receivable | 41 | €3,771,580 | €4,879,313 | +€1.1m | +29.4% |
| Cash at bank and in hand | 54/58 | €864,088 | €1,075,505 | +€211,417 | +24.5% |
| Deferred charges and accrued income | 490/1 | €607,310 | €603,798 | -€3,512 | -0.6% |
| Total equity and liabilities | 10/49 | €12,906,947 | €14,860,996 | +€2.0m | +15.1% |
| Equity | 10/15 | €3,487,833 | €4,565,882 | +€1.1m | +30.9% |
| Contributions | 10/11 | €85,692 | €85,692 | = | 0.0% |
| Capital | 10 | €85,692 | €85,692 | = | 0.0% |
| Issued capital | 100 | €85,692 | €85,692 | = | 0.0% |
| Reserves | 13 | €9,044 | €9,044 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,569 | €8,569 | = | 0.0% |
| Legal reserve | 130 | €8,569 | €8,569 | = | 0.0% |
| Distributable reserves | 133 | €475 | €475 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,393,097 | €4,471,146 | +€1.1m | +31.8% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €9,419,114 | €10,295,114 | +€876,000 | +9.3% |
| Amounts payable after more than one year | 17 | €5,367,925 | €2,973,213 | -€2.4m | -44.6% |
| Financial debts | 170/4 | €5,367,925 | €2,973,213 | -€2.4m | -44.6% |
| Leasing and similar obligations | 172 | €2,542,808 | €2,973,213 | +€430,405 | +16.9% |
| Other loans | 174 | €2,825,117 | €0 | -€2.8m | -100.0% |
| Amounts payable within one year | 42/48 | €4,051,189 | €7,321,900 | +€3.3m | +80.7% |
| Current portion of amounts payable after more than one year | 42 | €613,257 | €786,387 | +€173,130 | +28.2% |
| Financial debts | 43 | €570 | €500,000 | +€499,430 | +87662.4% |
| Credit institutions | 430/8 | €570 | €500,000 | +€499,430 | +87662.4% |
| Trade debts | 44 | €2,733,862 | €5,061,037 | +€2.3m | +85.1% |
| Suppliers | 440/4 | €2,733,862 | €5,061,037 | +€2.3m | +85.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €703,500 | €974,477 | +€270,976 | +38.5% |
| Taxes | 450/3 | €601,028 | €793,517 | +€192,489 | +32.0% |
| Remuneration and social security | 454/9 | €102,472 | €180,960 | +€78,488 | +76.6% |
| Operating income | 70/76A | €21,449,447 | €24,658,284 | +€3.2m | +15.0% |
| Turnover | 70 | €21,002,870 | €24,334,302 | +€3.3m | +15.9% |
| Other operating income | 74 | €446,577 | €323,982 | -€122,595 | -27.5% |
| Operating charges | 60/66A | €20,200,962 | €22,858,817 | +€2.7m | +13.2% |
| Goods for resale, raw materials and consumables | 60 | €11,765,373 | €13,514,628 | +€1.7m | +14.9% |
| Purchases | 600/8 | €11,287,586 | €14,410,265 | +€3.1m | +27.7% |
| Change in stocks: decrease (increase) | 609 | €477,786 | -€895,637 | -€1.4m | |
| Services and other goods | 61 | €4,518,032 | €4,644,502 | +€126,470 | +2.8% |
| Remuneration, social security and pensions | 62 | €557,509 | €1,199,717 | +€642,208 | +115.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,489,738 | €1,282,204 | -€2.2m | -63.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€7,720 | -€7,720 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€170,000 | - | +€170,000 | |
| Other operating charges | 640/8 | €11,529 | €50,485 | +€38,955 | +337.9% |
| Non-recurring operating charges | 66A | €28,781 | €2,175,000 | +€2.1m | +7457.1% |
| Operating profit (loss) | 9901 | €1,248,485 | €1,799,467 | +€550,982 | +44.1% |
| Financial income | 75/76B | €6,430 | €29,005 | +€22,574 | +351.1% |
| Recurring financial income | 75 | €6,430 | €29,005 | +€22,574 | +351.1% |
| Other financial income | 752/9 | €6,430 | €29,005 | +€22,574 | +351.1% |
| Financial charges | 65/66B | €260,603 | €260,010 | -€592 | -0.2% |
| Recurring financial charges | 65 | €260,603 | €260,010 | -€592 | -0.2% |
| Debt charges | 650 | €142,125 | €166,564 | +€24,439 | +17.2% |
| Other financial charges | 652/9 | €118,478 | €93,446 | -€25,031 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €994,313 | €1,568,461 | +€574,149 | +57.7% |
| Income taxes | 67/77 | €316,131 | €490,412 | +€174,281 | +55.1% |
| Taxes | 670/3 | €316,131 | €490,412 | +€174,281 | +55.1% |
| Profit (loss) for the period | 9904 | €678,182 | €1,078,049 | +€399,867 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €678,182 | €1,078,049 | +€399,867 | +59.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.