ALUZON: 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
ALUZON
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €1.2m+€572,323
Equity
€5.1m
2024 · €4.2m+€837,273
Cash
€2.1m
2024 · €1.5m+€590,555
Balance sheet total
€8.9m
2024 · €8.3m+€601,037
Largest movements
Assets
- Cash +€590,555
up €590,555 (+39.9%), from €1.5m to €2.1m
mainly Net result for the year (+€1.8m) and Depreciation (+€525,730)
- Current investments +€300,000
up €300,000 (+40.0%), from €750,000 to €1.1m
- Tangible fixed assets -€232,954
down €232,954 (-9.6%), from €2.4m to €2.2m
of which Leasing and similar rights: -€325,485
Equity and liabilities
- Reserves +€837,273
up €837,273 (+22.4%), from €3.7m to €4.6m
of which Distributable reserves: +€837,273
- Debts after one year -€395,803
down €395,803 (-31.4%), from €1.3m to €866,531
- Tax, wage and social debts +€265,639
up €265,639 (+44.0%), from €603,710 to €869,349
of which Remuneration and social security: +€175,330
- Other debts -€189,272
down €189,272 (-43.0%), from €439,887 to €250,615
- Current portion of long-term debt -€109,544
down €109,544 (-21.5%), from €509,339 to €399,795
Income statement
- Turnover +€1.9m
up €1.9m (+12.4%), from €15.3m to €17.2m
- Goods and materials +€692,566
up €692,566 (+7.4%), from €9.4m to €10.0m
of which Purchases: +€751,320
- Staff costs +€311,000
up €311,000 (+11.5%), from €2.7m to €3.0m
- Services and other goods +€293,576
up €293,576 (+17.2%), from €1.7m to €2.0m
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
€1.2m
Turnover
+€1.9m
Other operating income
+€73,077
Goods and materials
-€692,566
Services and other goods
-€293,576
Staff costs
-€311,000
Depreciation
+€84,850
Write-downs
+€70,001
Other operating charges
+€10,548
Other operating items
-€94,873
Financial income
+€19,413
Financial charges
-€30,523
Taxes
-€158,540
Result 2025
€1.8m
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
+€2.6m
Investment
-€572,776
Financing
-€1.5m
Cash 2024
€1.5m
From operations (derived)
+€2.6m
Net result for the year
+€1.8m
Depreciation
+€525,730
Stocks and contracts
+€2,453
Receivables within one year
+€27,369
Deferred charges and accrued income
+€6,743
Trade debts
+€95,955
Tax, wage and social debts
+€265,639
Advances received
+€31,551
Other debts
-€189,272
Accrued charges and deferred income
+€65,237
Investment (derived)
-€572,776
Investment in fixed assets (net)
-€272,776
Current investments
-€300,000
Financing
-€1.5m
Debts after one year
-€395,803
Current portion of long-term debt
-€109,544
Contributions, distributions and other
-€950,000
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,250,898 | €8,851,935 | +€601,037 | +7.3% |
| Fixed assets | 21/28 | €3,276,850 | €3,023,896 | -€252,954 | -7.7% |
| Tangible fixed assets | 22/27 | €2,424,378 | €2,191,424 | -€232,954 | -9.6% |
| Land and buildings | 22 | €346,824 | €297,902 | -€48,922 | -14.1% |
| Plant, machinery and equipment | 23 | €254,325 | €266,808 | +€12,483 | +4.9% |
| Furniture and vehicles | 24 | €197,154 | €144,067 | -€53,086 | -26.9% |
| Leasing and similar rights | 25 | €1,626,074 | €1,300,589 | -€325,485 | -20.0% |
| Other tangible fixed assets | 26 | - | €106,056 | +€106,056 | |
| Assets under construction and advance payments | 27 | - | €76,000 | +€76,000 | |
| Financial fixed assets | 28 | €852,472 | €832,472 | -€20,000 | -2.3% |
| Affiliated companies | 280/1 | €846,225 | €826,225 | -€20,000 | -2.4% |
| Participating interests | 280 | €666,225 | €666,225 | = | 0.0% |
| Amounts receivable | 281 | €180,000 | €160,000 | -€20,000 | -11.1% |
| Other financial fixed assets | 284/8 | €6,247 | €6,247 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,247 | €6,247 | = | 0.0% |
| Current assets | 29/58 | €4,974,048 | €5,828,039 | +€853,991 | +17.2% |
| Stocks and contracts in progress | 3 | €989,049 | €986,596 | -€2,453 | -0.2% |
| Stocks | 30/36 | €421,657 | €421,173 | -€484 | -0.1% |
| Goods purchased for resale | 34 | €421,657 | €421,173 | -€484 | -0.1% |
| Contracts in progress | 37 | €567,392 | €565,423 | -€1,969 | -0.3% |
| Amounts receivable within one year | 40/41 | €1,707,468 | €1,680,099 | -€27,369 | -1.6% |
| Trade receivables | 40 | €1,687,856 | €1,680,099 | -€7,757 | -0.5% |
| Other amounts receivable | 41 | €19,612 | €0 | -€19,612 | -100.0% |
| Current investments | 50/53 | €750,000 | €1,050,000 | +€300,000 | +40.0% |
| Other investments | 51/53 | €750,000 | €1,050,000 | +€300,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €1,478,700 | €2,069,255 | +€590,555 | +39.9% |
| Deferred charges and accrued income | 490/1 | €48,831 | €42,089 | -€6,743 | -13.8% |
| Total equity and liabilities | 10/49 | €8,250,898 | €8,851,935 | +€601,037 | +7.3% |
| Equity | 10/15 | €4,240,474 | €5,077,746 | +€837,273 | +19.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €3,740,474 | €4,577,746 | +€837,273 | +22.4% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €3,690,474 | €4,527,746 | +€837,273 | +22.7% |
| Provisions and deferred taxes | 16 | €1,470 | €1,470 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,470 | €1,470 | = | 0.0% |
| Pensions and similar obligations | 160 | €1,470 | €1,470 | = | 0.0% |
| Amounts payable | 17/49 | €4,008,954 | €3,772,718 | -€236,236 | -5.9% |
| Amounts payable after more than one year | 17 | €1,262,334 | €866,531 | -€395,803 | -31.4% |
| Financial debts | 170/4 | €1,262,334 | €866,531 | -€395,803 | -31.4% |
| Leasing and similar obligations | 172 | €1,262,334 | €866,531 | -€395,803 | -31.4% |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,570,940 | €2,665,270 | +€94,330 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €509,339 | €399,795 | -€109,544 | -21.5% |
| Trade debts | 44 | €683,577 | €779,532 | +€95,955 | +14.0% |
| Suppliers | 440/4 | €683,577 | €779,532 | +€95,955 | +14.0% |
| Advances received on contracts in progress | 46 | €334,428 | €365,978 | +€31,551 | +9.4% |
| Taxes, remuneration and social security | 45 | €603,710 | €869,349 | +€265,639 | +44.0% |
| Taxes | 450/3 | €118,759 | €209,069 | +€90,310 | +76.0% |
| Remuneration and social security | 454/9 | €484,951 | €660,280 | +€175,330 | +36.2% |
| Other amounts payable | 47/48 | €439,887 | €250,615 | -€189,272 | -43.0% |
| Accrued charges and deferred income | 492/3 | €175,681 | €240,918 | +€65,237 | +37.1% |
| Operating income | 70/76A | €15,650,613 | €17,524,330 | +€1.9m | +12.0% |
| Turnover | 70 | €15,340,127 | €17,235,640 | +€1.9m | +12.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €92,904 | -€1,969 | -€94,873 | |
| Other operating income | 74 | €217,582 | €290,659 | +€73,077 | +33.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €14,475,210 | €15,606,954 | +€1.1m | +7.8% |
| Goods for resale, raw materials and consumables | 60 | €9,352,091 | €10,044,657 | +€692,566 | +7.4% |
| Purchases | 600/8 | €9,292,853 | €10,044,173 | +€751,320 | +8.1% |
| Change in stocks: decrease (increase) | 609 | €59,238 | €484 | -€58,754 | -99.2% |
| Services and other goods | 61 | €1,703,606 | €1,997,182 | +€293,576 | +17.2% |
| Remuneration, social security and pensions | 62 | €2,709,786 | €3,020,786 | +€311,000 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €610,580 | €525,730 | -€84,850 | -13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,387 | -€32,614 | -€70,001 | |
| Other operating charges | 640/8 | €61,760 | €51,212 | -€10,548 | -17.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,175,403 | €1,917,377 | +€741,974 | +63.1% |
| Financial income | 75/76B | €247,580 | €266,993 | +€19,413 | +7.8% |
| Recurring financial income | 75 | €247,580 | €266,993 | +€19,413 | +7.8% |
| Income from current assets | 751 | €27,026 | €36,975 | +€9,949 | +36.8% |
| Other financial income | 752/9 | €220,553 | €230,017 | +€9,464 | +4.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €102,456 | €132,978 | +€30,523 | +29.8% |
| Recurring financial charges | 65 | €102,456 | €132,978 | +€30,523 | +29.8% |
| Debt charges | 650 | €61,025 | €53,333 | -€7,692 | -12.6% |
| Other financial charges | 652/9 | €41,431 | €79,645 | +€38,214 | +92.2% |
| Profit (loss) for the period before taxes | 9903 | €1,320,527 | €2,051,391 | +€730,864 | +55.3% |
| Income taxes | 67/77 | €105,578 | €264,118 | +€158,540 | +150.2% |
| Taxes | 670/3 | €105,578 | €268,017 | +€162,439 | +153.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €3,899 | +€3,899 | |
| Profit (loss) for the period | 9904 | €1,214,949 | €1,787,273 | +€572,323 | +47.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,214,949 | €1,787,273 | +€572,323 | +47.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.