ALUSIM: what changed
ALUSIM
Largest movements
- Receivables within one year -€134,080
down €134,080 (-83.7%), from €160,222 to €26,142
of which Trade receivables: -€139,238
- Cash +€21,263
up €21,263, from €0 to €21,263
mainly Receivables within one year (+€134,080) and Net result for the year (+€36,506)
- Tangible fixed assets -€19,308
down €19,308 (-11.4%), from €169,910 to €150,602
of which Land and buildings: -€13,158
- Current portion of long-term debt -€118,156
down €118,156 (-79.7%), from €148,190 to €30,034
- Reserves +€36,506
up €36,506 (+61.6%), from €59,294 to €95,800
of which Distributable reserves: +€36,506
- Trade debts -€19,410
down €19,410 (-85.0%), from €22,837 to €3,426
- Debts after one year -€17,561
down €17,561 (-22.3%), from €78,760 to €61,198
- Tax, wage and social debts -€9,136
down €9,136 (-89.6%), from €10,191 to €1,055
- Gross operating margin +€48,320
up €48,320 (+127%), from €38,079 to €86,399
- Taxes +€11,071
up €11,071 (+715%), from €1,549 to €12,620
- Other operating charges +€4,947
up €4,947 (+78.7%), from €6,286 to €11,233
- Depreciation +€2,783
up €2,783 (+16.8%), from €16,525 to €19,308
- Staff costs -€1,189
down €1,189 (-43.9%), from €2,710 to €1,520
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,409 | €198,352 | -€132,057 | -40.0% |
| Fixed assets | 21/28 | €169,910 | €150,602 | -€19,308 | -11.4% |
| Tangible fixed assets | 22/27 | €169,910 | €150,602 | -€19,308 | -11.4% |
| Land and buildings | 22 | €146,022 | €132,863 | -€13,158 | -9.0% |
| Plant, machinery and equipment | 23 | €922 | €533 | -€389 | -42.2% |
| Furniture and vehicles | 24 | €22,966 | €17,206 | -€5,760 | -25.1% |
| Current assets | 29/58 | €160,499 | €47,750 | -€112,750 | -70.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €160,222 | €26,142 | -€134,080 | -83.7% |
| Trade receivables | 40 | €154,351 | €15,113 | -€139,238 | -90.2% |
| Other amounts receivable | 41 | €5,871 | €11,029 | +€5,159 | +87.9% |
| Cash at bank and in hand | 54/58 | €0 | €21,263 | +€21,263 | |
| Deferred charges and accrued income | 490/1 | €278 | €345 | +€67 | +24.2% |
| Total equity and liabilities | 10/49 | €330,409 | €198,352 | -€132,057 | -40.0% |
| Equity | 10/15 | €65,494 | €102,000 | +€36,506 | +55.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,294 | €95,800 | +€36,506 | +61.6% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €58,674 | €95,180 | +€36,506 | +62.2% |
| Amounts payable | 17/49 | €264,915 | €96,351 | -€168,564 | -63.6% |
| Amounts payable after more than one year | 17 | €78,760 | €61,198 | -€17,561 | -22.3% |
| Financial debts | 170/4 | €78,760 | €61,198 | -€17,561 | -22.3% |
| Amounts payable within one year | 42/48 | €186,155 | €34,515 | -€151,640 | -81.5% |
| Current portion of amounts payable after more than one year | 42 | €148,190 | €30,034 | -€118,156 | -79.7% |
| Financial debts | 43 | €4,938 | €0 | -€4,938 | -100% |
| Credit institutions | 430/8 | €4,938 | €0 | -€4,938 | -100% |
| Trade debts | 44 | €22,837 | €3,426 | -€19,410 | -85.0% |
| Suppliers | 440/4 | €22,837 | €3,426 | -€19,410 | -85.0% |
| Taxes, remuneration and social security | 45 | €10,191 | €1,055 | -€9,136 | -89.6% |
| Taxes | 450/3 | €10,191 | €1,055 | -€9,136 | -89.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €638 | +€638 | |
| Remuneration, social security and pensions | 62 | €2,710 | €1,520 | -€1,189 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,525 | €19,308 | +€2,783 | +16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,286 | €11,233 | +€4,947 | +78.7% |
| Gross operating margin | 9900 | €38,079 | €86,399 | +€48,320 | +127% |
| Operating profit (loss) | 9901 | €12,558 | €54,338 | +€41,780 | +333% |
| Financial income | 75/76B | €0 | €40 | +€40 | +399,100% |
| Recurring financial income | 75 | €0 | €40 | +€40 | +399,100% |
| Financial charges | 65/66B | €5,789 | €5,251 | -€538 | -9.3% |
| Recurring financial charges | 65 | €5,789 | €5,251 | -€538 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €6,769 | €49,126 | +€42,358 | +626% |
| Income taxes | 67/77 | €1,549 | €12,620 | +€11,071 | +715% |
| Profit (loss) for the period | 9904 | €5,220 | €36,506 | +€31,287 | +599% |
| Profit (loss) for the period to be appropriated | 9905 | €5,220 | €36,506 | +€31,287 | +599% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.