ALUSTEEL+: what changed
Two fiscal 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.
ALUSTEEL+
Largest movements
- Cash -€90,215
down €90,215 (-82.0%), from €110,073 to €19,858
mainly Trade debts (-€44,335) and Receivables within one year (-€29,086)
- Receivables within one year +€29,086
up €29,086 (+45.1%), from €64,428 to €93,514
of which Trade receivables: +€21,884
- Deferred charges and accrued income +€14,500
up €14,500 (+12083.5%), from €120 to €14,620
- Tangible fixed assets -€2,001
down €2,001 (-36.3%), from €5,517 to €3,516
of which Furniture and vehicles: -€1,225
- Trade debts -€44,335
down €44,335 (-64.3%), from €68,966 to €24,631
- Tax, wage and social debts -€9,912
down €9,912 (-68.6%), from €14,439 to €4,527
- Reserves +€3,219
up €3,219 (+3.5%), from €90,903 to €94,121
- Other debts +€2,399
up €2,399 (+289.1%), from €830 to €3,229
- Gross operating margin +€5,453
up €5,453 (+69.9%), from €7,807 to €13,260
- Other operating charges +€1,445
up €1,445 (+342.7%), from €422 to €1,866
- Depreciation -€1,222
down €1,222 (-37.9%), from €3,223 to €2,001
- Financial charges +€738
up €738 (+94.3%), from €783 to €1,521
- Financial income -€347
down €347 (-56.4%), from €614 to €267
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 | €180,138 | €131,508 | -€48,630 | -27.0% |
| Fixed assets | 21/28 | €5,517 | €3,516 | -€2,001 | -36.3% |
| Tangible fixed assets | 22/27 | €5,517 | €3,516 | -€2,001 | -36.3% |
| Plant, machinery and equipment | 23 | €1,489 | €713 | -€776 | -52.1% |
| Furniture and vehicles | 24 | €4,028 | €2,803 | -€1,225 | -30.4% |
| Current assets | 29/58 | €174,621 | €127,992 | -€46,629 | -26.7% |
| Amounts receivable within one year | 40/41 | €64,428 | €93,514 | +€29,086 | +45.1% |
| Trade receivables | 40 | €47,517 | €69,400 | +€21,884 | +46.1% |
| Other amounts receivable | 41 | €16,911 | €24,114 | +€7,202 | +42.6% |
| Cash at bank and in hand | 54/58 | €110,073 | €19,858 | -€90,215 | -82.0% |
| Deferred charges and accrued income | 490/1 | €120 | €14,620 | +€14,500 | +12083.5% |
| Total equity and liabilities | 10/49 | €180,138 | €131,508 | -€48,630 | -27.0% |
| Equity | 10/15 | €95,903 | €99,121 | +€3,219 | +3.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,903 | €94,121 | +€3,219 | +3.5% |
| Distributable reserves | 133 | €90,903 | €94,121 | +€3,219 | +3.5% |
| Amounts payable | 17/49 | €84,235 | €32,387 | -€51,848 | -61.6% |
| Amounts payable within one year | 42/48 | €84,235 | €32,387 | -€51,848 | -61.6% |
| Trade debts | 44 | €68,966 | €24,631 | -€44,335 | -64.3% |
| Suppliers | 440/4 | €68,966 | €24,631 | -€44,335 | -64.3% |
| Taxes, remuneration and social security | 45 | €14,439 | €4,527 | -€9,912 | -68.6% |
| Taxes | 450/3 | €14,439 | €4,527 | -€9,912 | -68.6% |
| Other amounts payable | 47/48 | €830 | €3,229 | +€2,399 | +289.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,223 | €2,001 | -€1,222 | -37.9% |
| Other operating charges | 640/8 | €422 | €1,866 | +€1,445 | +342.7% |
| Non-recurring operating charges | 66A | - | €3,742 | +€3,742 | |
| Gross operating margin | 9900 | €7,807 | €13,260 | +€5,453 | +69.9% |
| Operating profit (loss) | 9901 | €4,162 | €5,651 | +€1,488 | +35.8% |
| Financial income | 75/76B | €614 | €267 | -€347 | -56.4% |
| Recurring financial income | 75 | €614 | €267 | -€347 | -56.4% |
| Financial charges | 65/66B | €783 | €1,521 | +€738 | +94.3% |
| Recurring financial charges | 65 | €783 | €1,521 | +€738 | +94.3% |
| Profit (loss) for the period before taxes | 9903 | €3,993 | €4,397 | +€404 | +10.1% |
| Income taxes | 67/77 | €1,181 | €1,179 | -€3 | -0.2% |
| Profit (loss) for the period | 9904 | €2,812 | €3,219 | +€407 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,812 | €3,219 | +€407 | +14.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.