ALANDAG: 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.
ALANDAG
Largest movements
- Cash -€38,857
down €38,857 (-43.0%), from €90,285 to €51,429
mainly Trade debts (-€98,936) and Debts after one year (-€29,993)
- Receivables within one year -€35,228
down €35,228 (-24.5%), from €143,643 to €108,414
of which Other amounts receivable: -€25,026
- Trade debts -€98,936
down €98,936 (-85.0%), from €116,372 to €17,436
- Debts after one year -€29,993
down €29,993 (-22.5%), from €133,579 to €103,586
- Other debts +€26,577
up €26,577 (+21.8%), from €121,936 to €148,513
- Profit (loss) carried forward +€14,467
up €14,467 (+16.5%), from €87,608 to €102,075
- Tax, wage and social debts +€5,903
up €5,903 (+34.8%), from €16,986 to €22,888
- Gross operating margin -€13,350
down €13,350 (-17.1%), from €77,993 to €64,643
- Staff costs -€6,020
down €6,020 (-26.2%), from €22,940 to €16,919
- Financial charges -€4,148
down €4,148 (-29.8%), from €13,902 to €9,753
- Other operating charges +€3,237
up €3,237 (+34.9%), from €9,263 to €12,500
- Depreciation -€2,232
down €2,232 (-28.7%), from €7,782 to €5,551
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.
Derived cash bridge
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 | €557,133 | €477,497 | -€79,635 | -14.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €151,406 | €145,855 | -€5,551 | -3.7% |
| Tangible fixed assets | 22/27 | €151,406 | €145,855 | -€5,551 | -3.7% |
| Land and buildings | 22 | €145,672 | €142,491 | -€3,182 | -2.2% |
| Plant, machinery and equipment | 23 | €1,243 | €632 | -€610 | -49.1% |
| Furniture and vehicles | 24 | €2,512 | €753 | -€1,759 | -70.0% |
| Other tangible fixed assets | 26 | €1,979 | €1,979 | = | 0.0% |
| Current assets | 29/58 | €405,727 | €331,642 | -€74,085 | -18.3% |
| Stocks and contracts in progress | 3 | €171,799 | €171,799 | = | 0.0% |
| Stocks | 30/36 | €171,799 | €171,799 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €143,643 | €108,414 | -€35,228 | -24.5% |
| Trade receivables | 40 | €110,824 | €100,622 | -€10,202 | -9.2% |
| Other amounts receivable | 41 | €32,819 | €7,792 | -€25,026 | -76.3% |
| Cash at bank and in hand | 54/58 | €90,285 | €51,429 | -€38,857 | -43.0% |
| Total equity and liabilities | 10/49 | €557,133 | €477,497 | -€79,635 | -14.3% |
| Equity | 10/15 | €95,668 | €110,135 | +€14,467 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,608 | €102,075 | +€14,467 | +16.5% |
| Amounts payable | 17/49 | €461,465 | €367,362 | -€94,103 | -20.4% |
| Amounts payable after more than one year | 17 | €133,579 | €103,586 | -€29,993 | -22.5% |
| Financial debts | 170/4 | €133,579 | €103,586 | -€29,993 | -22.5% |
| Amounts payable within one year | 42/48 | €327,886 | €263,776 | -€64,110 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €20,845 | €23,113 | +€2,268 | +10.9% |
| Financial debts | 43 | €51,747 | €51,825 | +€78 | +0.2% |
| Credit institutions | 430/8 | €51,747 | €51,825 | +€78 | +0.2% |
| Trade debts | 44 | €116,372 | €17,436 | -€98,936 | -85.0% |
| Suppliers | 440/4 | €116,372 | €17,436 | -€98,936 | -85.0% |
| Taxes, remuneration and social security | 45 | €16,986 | €22,888 | +€5,903 | +34.8% |
| Taxes | 450/3 | €16,986 | €22,888 | +€5,903 | +34.8% |
| Other amounts payable | 47/48 | €121,936 | €148,513 | +€26,577 | +21.8% |
| Remuneration, social security and pensions | 62 | €22,940 | €16,919 | -€6,020 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,782 | €5,551 | -€2,232 | -28.7% |
| Other operating charges | 640/8 | €9,263 | €12,500 | +€3,237 | +34.9% |
| Gross operating margin | 9900 | €77,993 | €64,643 | -€13,350 | -17.1% |
| Operating profit (loss) | 9901 | €38,009 | €29,674 | -€8,335 | -21.9% |
| Financial income | 75/76B | €693 | €449 | -€244 | -35.2% |
| Recurring financial income | 75 | €693 | €449 | -€244 | -35.2% |
| Financial charges | 65/66B | €13,902 | €9,753 | -€4,148 | -29.8% |
| Recurring financial charges | 65 | €13,902 | €9,753 | -€4,148 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €24,800 | €20,370 | -€4,430 | -17.9% |
| Income taxes | 67/77 | €7,094 | €5,903 | -€1,191 | -16.8% |
| Profit (loss) for the period | 9904 | €17,706 | €14,467 | -€3,239 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,706 | €14,467 | -€3,239 | -18.3% |
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 26 October 2026 via checked.be.