ALUTRADE: 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.
What changed
ALUTRADE
NACE 46.180, Agents specialised in the wholesale of other particular products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€496,915
2024 · €49,541+€447,375
Equity
€6.6m
2024 · €6.1m+€466,421
Cash
€117,629
2024 · €77,427+€40,202
Balance sheet total
€6.6m
2024 · €7.0m-€349,489
Largest movements
Assets
- Current investments -€420,000
down €420,000 (-100.0%), from €420,000 to €0
Equity and liabilities
- Other debts -€821,000
down €821,000 (-100.0%), from €821,000 to €0
- Reserves +€466,421
up €466,421 (+16.9%), from €2.8m to €3.2m
of which Distributable reserves: +€466,421
Income statement
- Financial income +€425,842
up €425,842 (+11313.7%), from €3,764 to €429,606
- Gross operating margin +€22,968
up €22,968 (+14.1%), from €162,906 to €185,874
- Taxes +€6,539
up €6,539 (+35.4%), from €18,467 to €25,006
- Staff costs +€4,522
up €4,522 (+5.3%), from €84,748 to €89,270
- Depreciation -€3,446
down €3,446 (-69.6%), from €4,947 to €1,502
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
€49,541
Gross operating margin
+€22,968
Staff costs
-€4,522
Depreciation
+€3,446
Other operating charges
+€2,092
Other operating items
+€4,484
Financial income
+€425,842
Financial charges
-€396
Taxes
-€6,539
Result 2025
€496,915
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.
From operations
-€306,915
Investment
+€377,610
Financing
-€30,494
Cash 2024
€77,427
From operations (derived)
-€306,915
Net result for the year
+€496,915
Depreciation
+€1,502
Receivables within one year
+€10,359
Smaller working-capital items
-€1,139
Tax, wage and social debts
+€6,448
Other debts
-€821,000
Investment (derived)
+€377,610
Investment in fixed assets (net)
-€42,390
Current investments
+€420,000
Financing
-€30,494
Contributions, distributions and other
-€30,494
Cash 2025
€117,629
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,975,734 | €6,626,245 | -€349,489 | -5.0% |
| Fixed assets | 21/28 | €6,422,633 | €6,463,521 | +€40,888 | +0.6% |
| Tangible fixed assets | 22/27 | €1,811 | €42,699 | +€40,888 | +2257.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,811 | €42,699 | +€40,888 | +2257.3% |
| Financial fixed assets | 28 | €6,420,822 | €6,420,822 | = | 0.0% |
| Current assets | 29/58 | €553,100 | €162,723 | -€390,377 | -70.6% |
| Amounts receivable within one year | 40/41 | €53,965 | €43,606 | -€10,359 | -19.2% |
| Trade receivables | 40 | €9,255 | €7,447 | -€1,808 | -19.5% |
| Other amounts receivable | 41 | €44,710 | €36,160 | -€8,551 | -19.1% |
| Current investments | 50/53 | €420,000 | €0 | -€420,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €77,427 | €117,629 | +€40,202 | +51.9% |
| Deferred charges and accrued income | 490/1 | €1,708 | €1,488 | -€220 | -12.9% |
| Total equity and liabilities | 10/49 | €6,975,734 | €6,626,245 | -€349,489 | -5.0% |
| Equity | 10/15 | €6,136,241 | €6,602,663 | +€466,421 | +7.6% |
| Contributions | 10/11 | €3,371,352 | €3,371,352 | = | 0.0% |
| Capital | 10 | €3,371,352 | €3,371,352 | = | 0.0% |
| Issued capital | 100 | €3,371,352 | €3,371,352 | = | 0.0% |
| Reserves | 13 | €2,764,890 | €3,231,311 | +€466,421 | +16.9% |
| Non-distributable reserves | 130/1 | €337,135 | €337,135 | = | 0.0% |
| Legal reserve | 130 | €337,135 | €337,135 | = | 0.0% |
| Distributable reserves | 133 | €2,427,754 | €2,894,176 | +€466,421 | +19.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €839,492 | €23,582 | -€815,910 | -97.2% |
| Amounts payable within one year | 42/48 | €839,492 | €23,582 | -€815,910 | -97.2% |
| Trade debts | 44 | €7,179 | €5,821 | -€1,358 | -18.9% |
| Suppliers | 440/4 | €7,179 | €5,821 | -€1,358 | -18.9% |
| Taxes, remuneration and social security | 45 | €11,313 | €17,761 | +€6,448 | +57.0% |
| Taxes | 450/3 | €1,994 | €4,321 | +€2,327 | +116.7% |
| Remuneration and social security | 454/9 | €9,319 | €13,440 | +€4,121 | +44.2% |
| Other amounts payable | 47/48 | €821,000 | €0 | -€821,000 | -100.0% |
| Non-recurring operating income | 76A | - | €2,689 | +€2,689 | |
| Remuneration, social security and pensions | 62 | €84,748 | €89,270 | +€4,522 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,947 | €1,502 | -€3,446 | -69.6% |
| Other operating charges | 640/8 | €3,349 | €1,257 | -€2,092 | -62.5% |
| Non-recurring operating charges | 66A | €4,484 | €0 | -€4,484 | -100.0% |
| Gross operating margin | 9900 | €162,906 | €185,874 | +€22,968 | +14.1% |
| Operating profit (loss) | 9901 | €65,377 | €93,844 | +€28,468 | +43.5% |
| Financial income | 75/76B | €3,764 | €429,606 | +€425,842 | +11313.7% |
| Recurring financial income | 75 | €3,764 | €429,606 | +€425,842 | +11313.7% |
| Financial charges | 65/66B | €1,133 | €1,529 | +€396 | +35.0% |
| Recurring financial charges | 65 | €1,133 | €1,529 | +€396 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €68,008 | €521,921 | +€453,914 | +667.4% |
| Income taxes | 67/77 | €18,467 | €25,006 | +€6,539 | +35.4% |
| Profit (loss) for the period | 9904 | €49,541 | €496,915 | +€447,375 | +903.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,541 | €496,915 | +€447,375 | +903.0% |
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 4 October 2026 via checked.be.