ALARDSON: 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.
ALARDSON
Largest movements
- Stocks and contracts +€22,984
up €22,984 (+113.4%), from €20,266 to €43,250
- Cash -€10,462
down €10,462 (-41.7%), from €25,091 to €14,629
mainly Stocks and contracts (-€22,984) and Investment in fixed assets (net) (-€9,320)
- Tangible fixed assets +€8,471
new in 2025: €8,471
- Trade debts +€23,790
up €23,790 (+599.1%), from €3,971 to €27,761
- Other debts -€3,740
down €3,740 (-36.9%), from €10,130 to €6,390
- Tax, wage and social debts -€1,803
down €1,803 (-16.6%), from €10,845 to €9,042
of which Taxes: -€1,978
- Profit (loss) carried forward +€1,766
up €1,766 (+9.1%), from -€19,459 to -€17,693
- Gross operating margin +€24,097
up €24,097 (+116.5%), from €20,687 to €44,784
- Write-downs +€10,625
no longer reported in 2025 (was -€10,625)
- Staff costs +€3,811
up €3,811 (+10.2%), from €37,546 to €41,357
- Depreciation +€849
new in 2025: €849
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 | €55,687 | €75,700 | +€20,013 | +35.9% |
| Fixed assets | 21/28 | - | €8,471 | +€8,471 | |
| Tangible fixed assets | 22/27 | - | €8,471 | +€8,471 | |
| Furniture and vehicles | 24 | - | €8,471 | +€8,471 | |
| Current assets | 29/58 | €55,687 | €67,229 | +€11,542 | +20.7% |
| Stocks and contracts in progress | 3 | €20,266 | €43,250 | +€22,984 | +113.4% |
| Stocks | 30/36 | €20,266 | €43,250 | +€22,984 | +113.4% |
| Amounts receivable within one year | 40/41 | €9,637 | €9,350 | -€287 | -3.0% |
| Trade receivables | 40 | €9,637 | €9,016 | -€621 | -6.4% |
| Other amounts receivable | 41 | - | €334 | +€334 | |
| Cash at bank and in hand | 54/58 | €25,091 | €14,629 | -€10,462 | -41.7% |
| Deferred charges and accrued income | 490/1 | €693 | - | -€693 | |
| Total equity and liabilities | 10/49 | €55,687 | €75,700 | +€20,013 | +35.9% |
| Equity | 10/15 | €30,741 | €32,507 | +€1,766 | +5.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,459 | -€17,693 | +€1,766 | +9.1% |
| Amounts payable | 17/49 | €24,946 | €43,193 | +€18,247 | +73.1% |
| Amounts payable within one year | 42/48 | €24,946 | €43,193 | +€18,247 | +73.1% |
| Trade debts | 44 | €3,971 | €27,761 | +€23,790 | +599.1% |
| Suppliers | 440/4 | €3,971 | €27,761 | +€23,790 | +599.1% |
| Taxes, remuneration and social security | 45 | €10,845 | €9,042 | -€1,803 | -16.6% |
| Taxes | 450/3 | €5,692 | €3,714 | -€1,978 | -34.8% |
| Remuneration and social security | 454/9 | €5,153 | €5,328 | +€175 | +3.4% |
| Other amounts payable | 47/48 | €10,130 | €6,390 | -€3,740 | -36.9% |
| Remuneration, social security and pensions | 62 | €37,546 | €41,357 | +€3,811 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €849 | +€849 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,625 | - | +€10,625 | |
| Other operating charges | 640/8 | €799 | €686 | -€113 | -14.1% |
| Gross operating margin | 9900 | €20,687 | €44,784 | +€24,097 | +116.5% |
| Operating profit (loss) | 9901 | -€7,033 | €1,892 | +€8,925 | |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €235 | €165 | -€70 | -29.8% |
| Recurring financial charges | 65 | €235 | €165 | -€70 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,268 | €1,766 | +€9,034 | |
| Profit (loss) for the period | 9904 | -€7,268 | €1,766 | +€9,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,268 | €1,766 | +€9,034 |
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 3 October 2026 via checked.be.