ALUSO: 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
ALUSO
NACE 24.420, Manufacture of basic metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€643,791
2024 · €436,241+€207,550
Equity
€3.5m
2024 · €2.8m+€625,282
Cash
€1.7m
2024 · €1.1m+€612,733
Balance sheet total
€4.3m
2024 · €3.8m+€556,363
Largest movements
Assets
- Cash +€612,733
up €612,733 (+57.6%), from €1.1m to €1.7m
mainly Net result for the year (+€643,791) and Depreciation (+€513,981)
- Tangible fixed assets -€257,961
down €257,961 (-13.5%), from €1.9m to €1.7m
of which Leasing and similar rights: -€280,000
- Stocks and contracts +€100,258
up €100,258 (+22.5%), from €446,145 to €546,403
- Receivables within one year +€85,204
up €85,204 (+25.6%), from €333,232 to €418,436
of which Trade receivables: +€130,190
Equity and liabilities
- Debts after one year -€423,232
down €423,232 (-100%), from €423,232 to €0
- Reserves +€317,343
new in 2025: €317,343
- Profit (loss) carried forward +€317,343
up €317,343 (+12.4%), from €2.6m to €2.9m
- Accrued charges and deferred income +€213,717
up €213,717 (+1,050%), from €20,346 to €234,063
- Tax, wage and social debts +€163,723
up €163,723 (+328%), from €49,865 to €213,588
of which Remuneration and social security: +€115,102
Income statement
- Turnover +€7.3m
new in 2025: €7.3m
- Goods and materials +€2.7m
new in 2025: €2.7m
of which Purchases: +€2.8m
- Gross operating margin -€2.4m
no longer reported in 2025 (was €2.4m)
- Services and other goods +€2.2m
new in 2025: €2.2m
- Other operating income +€314,780
new in 2025: €314,780
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.
Result 2024
€436,241
Turnover
+€7.3m
Other operating income
+€314,780
Goods and materials
-€2.7m
Services and other goods
-€2.2m
Staff costs
-€134,075
Depreciation
-€7,781
Other operating charges
-€18,781
Other operating items
-€2.4m
Financial income
+€3,845
Financial charges
+€19,700
Taxes
-€70,829
Result 2025
€643,791
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€256,020
Financing
-€536,911
Cash 2024
€1.1m
From operations (derived)
+€1.4m
Net result for the year
+€643,791
Depreciation
+€513,981
Stocks and contracts
-€100,258
Receivables within one year
-€85,204
Deferred charges and accrued income
-€16,128
Trade debts
+€71,880
Tax, wage and social debts
+€163,723
Other debts
+€164
Accrued charges and deferred income
+€213,717
Investment (derived)
-€256,020
Investment in fixed assets (net)
-€256,020
Financing
-€536,911
Debts after one year
-€423,232
Current portion of long-term debt
-€95,171
Contributions, distributions and other
-€18,509
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,781,044 | €4,337,407 | +€556,363 | +14.7% |
| Fixed assets | 21/28 | €1,908,520 | €1,650,558 | -€257,961 | -13.5% |
| Tangible fixed assets | 22/27 | €1,908,520 | €1,650,558 | -€257,961 | -13.5% |
| Plant, machinery and equipment | 23 | €1,014,524 | €1,046,447 | +€31,922 | +3.1% |
| Furniture and vehicles | 24 | €33,900 | €25,562 | -€8,339 | -24.6% |
| Leasing and similar rights | 25 | €850,000 | €570,000 | -€280,000 | -32.9% |
| Other tangible fixed assets | 26 | €10,095 | €8,550 | -€1,545 | -15.3% |
| Current assets | 29/58 | €1,872,525 | €2,686,848 | +€814,324 | +43.5% |
| Stocks and contracts in progress | 3 | €446,145 | €546,403 | +€100,258 | +22.5% |
| Stocks | 30/36 | €446,145 | €546,403 | +€100,258 | +22.5% |
| Raw materials and consumables | 30/31 | - | €434,495 | +€434,495 | |
| Work in progress | 32 | - | €12,086 | +€12,086 | |
| Finished goods | 33 | - | €99,822 | +€99,822 | |
| Amounts receivable within one year | 40/41 | €333,232 | €418,436 | +€85,204 | +25.6% |
| Trade receivables | 40 | €288,247 | €418,436 | +€130,190 | +45.2% |
| Other amounts receivable | 41 | €44,986 | €0 | -€44,986 | -100% |
| Cash at bank and in hand | 54/58 | €1,063,996 | €1,676,729 | +€612,733 | +57.6% |
| Deferred charges and accrued income | 490/1 | €29,152 | €45,279 | +€16,128 | +55.3% |
| Total equity and liabilities | 10/49 | €3,781,044 | €4,337,407 | +€556,363 | +14.7% |
| Equity | 10/15 | €2,842,099 | €3,467,381 | +€625,282 | +22.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | - | €317,343 | +€317,343 | |
| Tax-exempt reserves | 132 | - | €317,343 | +€317,343 | |
| Profit (loss) carried forward | 14 | €2,554,484 | €2,871,827 | +€317,343 | +12.4% |
| Investment grants | 15 | €37,615 | €28,211 | -€9,404 | -25.0% |
| Amounts payable | 17/49 | €938,945 | €870,026 | -€68,919 | -7.3% |
| Amounts payable after more than one year | 17 | €423,232 | €0 | -€423,232 | -100% |
| Financial debts | 170/4 | €423,232 | €0 | -€423,232 | -100% |
| Leasing and similar obligations | 172 | - | €0 | = | |
| Other loans | 174 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €495,368 | €635,963 | +€140,595 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €197,264 | €102,093 | -€95,171 | -48.2% |
| Trade debts | 44 | €239,178 | €311,057 | +€71,880 | +30.1% |
| Suppliers | 440/4 | €239,178 | €311,057 | +€71,880 | +30.1% |
| Taxes, remuneration and social security | 45 | €49,865 | €213,588 | +€163,723 | +328% |
| Taxes | 450/3 | €41,591 | €90,212 | +€48,621 | +117% |
| Remuneration and social security | 454/9 | €8,274 | €123,376 | +€115,102 | +1,391% |
| Other amounts payable | 47/48 | €9,061 | €9,225 | +€164 | +1.8% |
| Accrued charges and deferred income | 492/3 | €20,346 | €234,063 | +€213,717 | +1,050% |
| Operating income | 70/76A | - | €7,668,473 | +€7.7m | |
| Turnover | 70 | - | €7,341,607 | +€7.3m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €12,086 | +€12,086 | |
| Other operating income | 74 | - | €314,780 | +€314,780 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | - | €6,846,028 | +€6.8m | |
| Goods for resale, raw materials and consumables | 60 | - | €2,669,502 | +€2.7m | |
| Purchases | 600/8 | - | €2,757,674 | +€2.8m | |
| Change in stocks: decrease (increase) | 609 | - | -€88,172 | -€88,172 | |
| Services and other goods | 61 | - | €2,211,113 | +€2.2m | |
| Remuneration, social security and pensions | 62 | €1,277,549 | €1,411,624 | +€134,075 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506,201 | €513,981 | +€7,781 | +1.5% |
| Other operating charges | 640/8 | €21,027 | €39,808 | +€18,781 | +89.3% |
| Gross operating margin | 9900 | €2,372,387 | - | -€2.4m | |
| Operating profit (loss) | 9901 | €567,610 | €822,445 | +€254,834 | +44.9% |
| Financial income | 75/76B | €38,950 | €42,795 | +€3,845 | +9.9% |
| Recurring financial income | 75 | €38,950 | €42,795 | +€3,845 | +9.9% |
| Other financial income | 752/9 | - | €42,795 | +€42,795 | |
| Financial charges | 65/66B | €23,371 | €3,672 | -€19,700 | -84.3% |
| Recurring financial charges | 65 | €23,371 | €3,672 | -€19,700 | -84.3% |
| Debt charges | 650 | - | €2,963 | +€2,963 | |
| Other financial charges | 652/9 | - | €709 | +€709 | |
| Profit (loss) for the period before taxes | 9903 | €583,189 | €861,568 | +€278,379 | +47.7% |
| Income taxes | 67/77 | €146,948 | €217,777 | +€70,829 | +48.2% |
| Taxes | 670/3 | - | €217,777 | +€217,777 | |
| Profit (loss) for the period | 9904 | €436,241 | €643,791 | +€207,550 | +47.6% |
| Transfer to tax-exempt reserves | 689 | - | €317,343 | +€317,343 | |
| Profit (loss) for the period to be appropriated | 9905 | €436,241 | €326,448 | -€109,793 | -25.2% |
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 14 October 2026 via checked.be.