ALUTO: 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.
ALUTO
Largest movements
- Receivables within one year -€83,248
down €83,248 (-52.1%), from €159,733 to €76,485
of which Trade receivables: -€82,603
- Tangible fixed assets -€36,466
down €36,466 (-10.2%), from €357,544 to €321,078
- Cash -€25,657
down €25,657 (-12.8%), from €200,854 to €175,197
mainly Other debts (-€100,717) and Advances received (-€20,000)
- Other debts -€100,717
down €100,717 (-36.3%), from €277,766 to €177,048
- Advances received -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Reserves +€17,850
up €17,850 (+7.9%), from €225,765 to €243,615
- Debts after one year -€16,517
down €16,517 (-11.1%), from €148,263 to €131,746
- Trade debts -€11,437
down €11,437 (-51.3%), from €22,294 to €10,857
- Gross operating margin -€50,314
down €50,314 (-38.3%), from €131,490 to €81,176
- Staff costs -€23,118
down €23,118 (-86.3%), from €26,783 to €3,665
- Taxes -€7,355
down €7,355 (-52.1%), from €14,115 to €6,760
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 | €757,354 | €616,470 | -€140,884 | -18.6% |
| Fixed assets | 21/28 | €357,544 | €321,078 | -€36,466 | -10.2% |
| Tangible fixed assets | 22/27 | €357,544 | €321,078 | -€36,466 | -10.2% |
| Land and buildings | 22 | €200,288 | €185,981 | -€14,306 | -7.1% |
| Plant, machinery and equipment | 23 | €4,185 | €1,550 | -€2,635 | -63.0% |
| Furniture and vehicles | 24 | €19,980 | €9,075 | -€10,905 | -54.6% |
| Other tangible fixed assets | 26 | €133,091 | €124,472 | -€8,619 | -6.5% |
| Current assets | 29/58 | €399,811 | €295,392 | -€104,419 | -26.1% |
| Stocks and contracts in progress | 3 | €39,224 | €43,710 | +€4,486 | +11.4% |
| Stocks | 30/36 | €39,224 | €43,710 | +€4,486 | +11.4% |
| Amounts receivable within one year | 40/41 | €159,733 | €76,485 | -€83,248 | -52.1% |
| Trade receivables | 40 | €151,840 | €69,238 | -€82,603 | -54.4% |
| Other amounts receivable | 41 | €7,893 | €7,247 | -€645 | -8.2% |
| Cash at bank and in hand | 54/58 | €200,854 | €175,197 | -€25,657 | -12.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €757,354 | €616,470 | -€140,884 | -18.6% |
| Equity | 10/15 | €245,511 | €263,385 | +€17,875 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €225,765 | €243,615 | +€17,850 | +7.9% |
| Distributable reserves | 133 | €225,765 | €243,615 | +€17,850 | +7.9% |
| Profit (loss) carried forward | 14 | €1,146 | €1,170 | +€25 | +2.2% |
| Amounts payable | 17/49 | €511,844 | €353,085 | -€158,759 | -31.0% |
| Amounts payable after more than one year | 17 | €148,263 | €131,746 | -€16,517 | -11.1% |
| Financial debts | 170/4 | €148,263 | €131,746 | -€16,517 | -11.1% |
| Amounts payable within one year | 42/48 | €346,311 | €204,422 | -€141,889 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €16,281 | €16,517 | +€236 | +1.4% |
| Trade debts | 44 | €22,294 | €10,857 | -€11,437 | -51.3% |
| Suppliers | 440/4 | €22,294 | €10,857 | -€11,437 | -51.3% |
| Advances received on contracts in progress | 46 | €20,000 | €0 | -€20,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,971 | €0 | -€9,971 | -100.0% |
| Taxes | 450/3 | €9,971 | €0 | -€9,971 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €277,766 | €177,048 | -€100,717 | -36.3% |
| Accrued charges and deferred income | 492/3 | €17,270 | €16,916 | -€353 | -2.0% |
| Remuneration, social security and pensions | 62 | €26,783 | €3,665 | -€23,118 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,169 | €36,466 | -€703 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€482 | €0 | +€482 | |
| Other operating charges | 640/8 | €3,065 | €2,660 | -€404 | -13.2% |
| Gross operating margin | 9900 | €131,490 | €81,176 | -€50,314 | -38.3% |
| Operating profit (loss) | 9901 | €64,955 | €38,385 | -€26,570 | -40.9% |
| Financial income | 75/76B | €1,334 | €1,118 | -€216 | -16.2% |
| Recurring financial income | 75 | €1,334 | €1,118 | -€216 | -16.2% |
| Financial charges | 65/66B | €15,379 | €14,868 | -€511 | -3.3% |
| Recurring financial charges | 65 | €15,379 | €14,868 | -€511 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €50,910 | €24,635 | -€26,275 | -51.6% |
| Income taxes | 67/77 | €14,115 | €6,760 | -€7,355 | -52.1% |
| Profit (loss) for the period | 9904 | €36,796 | €17,875 | -€18,921 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,796 | €17,875 | -€18,921 | -51.4% |
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 12 October 2026 via checked.be.