Alutra: 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.
Alutra
Largest movements
- Tangible fixed assets -€40,608
down €40,608 (-22.1%), from €183,594 to €142,986
of which Land and buildings: -€29,401
- Cash +€32,316
up €32,316 (+35.8%), from €90,279 to €122,595
mainly Net result for the year (+€108,022) and Depreciation (+€40,608)
- Stocks and contracts +€20,117
up €20,117 (+17.9%), from €112,336 to €132,452
of which Stocks: +€20,567
- Receivables within one year -€11,886
down €11,886 (-28.1%), from €42,264 to €30,378
of which Trade receivables: -€7,024
- Debts after one year -€24,499
down €24,499 (-21.7%), from €113,096 to €88,597
- Trade debts +€23,646
up €23,646 (+589.1%), from €4,014 to €27,660
- Tax, wage and social debts -€11,594
down €11,594 (-57.4%), from €20,200 to €8,607
of which Remuneration and social security: -€11,088
- Reserves +€8,022
up €8,022 (+2.8%), from €282,359 to €290,381
of which Distributable reserves: +€8,022
- Other debts +€6,692
up €6,692 (+7.0%), from €96,015 to €102,708
- Staff costs -€17,814
down €17,814 (-20.4%), from €87,231 to €69,418
- Gross operating margin -€9,913
down €9,913 (-4.1%), from €240,023 to €230,111
- Depreciation -€7,099
down €7,099 (-14.9%), from €47,707 to €40,608
- Taxes +€3,796
up €3,796 (+207.0%), from €1,833 to €5,629
- Other operating charges +€2,764
up €2,764 (+46.2%), from €5,977 to €8,741
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 | €563,647 | €564,047 | +€401 | +0.1% |
| Fixed assets | 21/28 | €183,594 | €142,986 | -€40,608 | -22.1% |
| Tangible fixed assets | 22/27 | €183,594 | €142,986 | -€40,608 | -22.1% |
| Land and buildings | 22 | €159,268 | €129,867 | -€29,401 | -18.5% |
| Plant, machinery and equipment | 23 | €22,186 | €12,401 | -€9,785 | -44.1% |
| Furniture and vehicles | 24 | €2,140 | €718 | -€1,422 | -66.5% |
| Current assets | 29/58 | €380,053 | €421,062 | +€41,009 | +10.8% |
| Amounts receivable after more than one year | 29 | €134,000 | €134,000 | = | 0.0% |
| Other amounts receivable | 291 | €134,000 | €134,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €112,336 | €132,452 | +€20,117 | +17.9% |
| Stocks | 30/36 | €91,236 | €111,802 | +€20,567 | +22.5% |
| Contracts in progress | 37 | €21,100 | €20,650 | -€450 | -2.1% |
| Amounts receivable within one year | 40/41 | €42,264 | €30,378 | -€11,886 | -28.1% |
| Trade receivables | 40 | €29,819 | €22,795 | -€7,024 | -23.6% |
| Other amounts receivable | 41 | €12,445 | €7,583 | -€4,861 | -39.1% |
| Cash at bank and in hand | 54/58 | €90,279 | €122,595 | +€32,316 | +35.8% |
| Deferred charges and accrued income | 490/1 | €1,174 | €1,636 | +€462 | +39.3% |
| Total equity and liabilities | 10/49 | €563,647 | €564,047 | +€401 | +0.1% |
| Equity | 10/15 | €300,959 | €308,981 | +€8,022 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €282,359 | €290,381 | +€8,022 | +2.8% |
| Tax-exempt reserves | 132 | €8,519 | €8,519 | = | 0.0% |
| Distributable reserves | 133 | €273,839 | €281,862 | +€8,022 | +2.9% |
| Amounts payable | 17/49 | €262,688 | €255,066 | -€7,622 | -2.9% |
| Amounts payable after more than one year | 17 | €113,096 | €88,597 | -€24,499 | -21.7% |
| Financial debts | 170/4 | €113,096 | €88,597 | -€24,499 | -21.7% |
| Amounts payable within one year | 42/48 | €149,592 | €165,544 | +€15,952 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €24,147 | €24,499 | +€352 | +1.5% |
| Trade debts | 44 | €4,014 | €27,660 | +€23,646 | +589.1% |
| Suppliers | 440/4 | €4,014 | €27,660 | +€23,646 | +589.1% |
| Advances received on contracts in progress | 46 | €5,215 | €2,070 | -€3,145 | -60.3% |
| Taxes, remuneration and social security | 45 | €20,200 | €8,607 | -€11,594 | -57.4% |
| Taxes | 450/3 | €1,454 | €949 | -€506 | -34.8% |
| Remuneration and social security | 454/9 | €18,746 | €7,658 | -€11,088 | -59.1% |
| Other amounts payable | 47/48 | €96,015 | €102,708 | +€6,692 | +7.0% |
| Accrued charges and deferred income | 492/3 | - | €925 | +€925 | |
| Non-recurring operating income | 76A | €13,034 | - | -€13,034 | |
| Remuneration, social security and pensions | 62 | €87,231 | €69,418 | -€17,814 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,707 | €40,608 | -€7,099 | -14.9% |
| Other operating charges | 640/8 | €5,977 | €8,741 | +€2,764 | +46.2% |
| Gross operating margin | 9900 | €240,023 | €230,111 | -€9,913 | -4.1% |
| Operating profit (loss) | 9901 | €99,108 | €111,344 | +€12,235 | +12.3% |
| Financial income | 75/76B | €2,076 | €4,596 | +€2,520 | +121.4% |
| Recurring financial income | 75 | €2,076 | €4,596 | +€2,520 | +121.4% |
| Financial charges | 65/66B | €2,554 | €2,288 | -€266 | -10.4% |
| Recurring financial charges | 65 | €2,554 | €2,288 | -€266 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €98,630 | €113,652 | +€15,022 | +15.2% |
| Income taxes | 67/77 | €1,833 | €5,629 | +€3,796 | +207.0% |
| Profit (loss) for the period | 9904 | €96,796 | €108,022 | +€11,226 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,796 | €108,022 | +€11,226 | +11.6% |
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.