ALDEA GROUP: 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.
What changed
ALDEA GROUP
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4.8m
2024 · -€16.5m+€11.7m
Equity
€64.6m
2024 · €69.4m-€4.8m
Cash
€258,579
2024 · €205,134+€53,445
Balance sheet total
€96.7m
2024 · €102.6m-€6.0m
Largest movements
Assets
- Tangible fixed assets -€12.3m
down €12.3m (-36.7%), from €33.6m to €21.2m
of which Land and buildings: -€12.3m
- Financial fixed assets +€7.1m
up €7.1m (+10.8%), from €65.7m to €72.8m
of which Affiliated companies: +€7.1m
Equity and liabilities
- Profit (loss) carried forward -€4.8m
down €4.8m (-19.8%), from -€24.3m to -€29.1m
- Short-term financial debts -€3.0m
down €3.0m (-94.7%), from €3.2m to €168,000
- Debts after one year +€2.1m
up €2.1m (+7.7%), from €27.9m to €30.0m
Income statement
- Financial charges -€10.1m
down €10.1m (-70.5%), from €14.3m to €4.2m
of which Non-recurring financial charges: -€9.2m
- Depreciation -€473,308
down €473,308 (-42.4%), from €1.1m to €641,749
- Services and other goods -€450,933
down €450,933 (-29.8%), from €1.5m to €1.1m
- Financial income -€134,652
down €134,652 (-8.1%), from €1.7m to €1.5m
- Staff costs -€92,304
down €92,304 (-15.8%), from €585,505 to €493,202
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
-€16.5m
Turnover
+€39,218
Other operating income
+€25,234
Services and other goods
+€450,933
Staff costs
+€92,304
Depreciation
+€473,308
Other operating charges
-€42,923
Other operating items
+€750,208
Financial income
-€134,652
Financial charges
+€10.1m
Taxes
+€176
Result 2025
-€4.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€4.5m
Investment
+€5.6m
Financing
-€1.1m
Cash 2024
€205,134
From operations (derived)
-€4.5m
Net result for the year
-€4.8m
Depreciation
+€641,749
Receivables after one year
+€106,644
Receivables within one year
-€354,313
Deferred charges and accrued income
+€44,006
Trade debts
+€292,269
Smaller working-capital items
-€10,551
Accrued charges and deferred income
-€369,857
Investment (derived)
+€5.6m
Investment in fixed assets (net)
+€4.6m
Current investments
+€1.0m
Financing
-€1.1m
Debts after one year
+€2.1m
Current portion of long-term debt
-€179,926
Short-term financial debts
-€3.0m
Cash 2025
€258,579
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,619,518 | €96,660,630 | -€6.0m | -5.8% |
| Formation expenses | 20 | €11,405 | €0 | -€11,405 | -100% |
| Fixed assets | 21/28 | €99,272,639 | €94,068,048 | -€5.2m | -5.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €33,575,432 | €21,244,450 | -€12.3m | -36.7% |
| Land and buildings | 22 | €33,574,565 | €21,242,502 | -€12.3m | -36.7% |
| Furniture and vehicles | 24 | €867 | €1,948 | +€1,081 | +125% |
| Financial fixed assets | 28 | €65,697,207 | €72,823,598 | +€7.1m | +10.8% |
| Affiliated companies | 280/1 | €65,697,027 | €72,823,419 | +€7.1m | +10.8% |
| Participating interests | 280 | €42,147,240 | €47,640,046 | +€5.5m | +13.0% |
| Amounts receivable | 281 | €23,549,787 | €25,183,373 | +€1.6m | +6.9% |
| Other financial fixed assets | 284/8 | €180 | €180 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €3,335,474 | €2,592,582 | -€742,892 | -22.3% |
| Amounts receivable after more than one year | 29 | €486,575 | €379,931 | -€106,644 | -21.9% |
| Other amounts receivable | 291 | €486,575 | €379,931 | -€106,644 | -21.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €63,805 | €418,118 | +€354,313 | +555% |
| Trade receivables | 40 | €56,267 | €292,352 | +€236,084 | +420% |
| Other amounts receivable | 41 | €7,538 | €125,767 | +€118,228 | +1,568% |
| Current investments | 50/53 | €1,000,000 | €0 | -€1.0m | -100% |
| Other investments | 51/53 | €1,000,000 | €0 | -€1.0m | -100% |
| Cash at bank and in hand | 54/58 | €205,134 | €258,579 | +€53,445 | +26.1% |
| Deferred charges and accrued income | 490/1 | €1,579,960 | €1,535,954 | -€44,006 | -2.8% |
| Total equity and liabilities | 10/49 | €102,619,518 | €96,660,630 | -€6.0m | -5.8% |
| Equity | 10/15 | €69,409,435 | €64,605,982 | -€4.8m | -6.9% |
| Contributions | 10/11 | €93,687,400 | €93,687,400 | = | 0.0% |
| Capital | 10 | €93,687,400 | €93,687,400 | = | 0.0% |
| Issued capital | 100 | €93,687,400 | €93,687,400 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,288,965 | -€29,092,418 | -€4.8m | -19.8% |
| Amounts payable | 17/49 | €33,210,083 | €32,054,648 | -€1.2m | -3.5% |
| Amounts payable after more than one year | 17 | €27,868,035 | €30,004,665 | +€2.1m | +7.7% |
| Financial debts | 170/4 | €27,868,035 | €30,004,665 | +€2.1m | +7.7% |
| Subordinated loans | 170 | €9,836,237 | €10,094,351 | +€258,115 | +2.6% |
| Credit institutions | 173 | €10,228,463 | €10,685,459 | +€456,996 | +4.5% |
| Other loans | 174 | €7,803,336 | €9,224,855 | +€1.4m | +18.2% |
| Amounts payable within one year | 42/48 | €4,329,310 | €1,407,101 | -€2.9m | -67.5% |
| Current portion of amounts payable after more than one year | 42 | €763,918 | €583,992 | -€179,926 | -23.6% |
| Financial debts | 43 | €3,192,000 | €168,000 | -€3.0m | -94.7% |
| Credit institutions | 430/8 | €3,192,000 | €168,000 | -€3.0m | -94.7% |
| Trade debts | 44 | €270,201 | €562,470 | +€292,269 | +108% |
| Suppliers | 440/4 | €270,201 | €562,470 | +€292,269 | +108% |
| Taxes, remuneration and social security | 45 | €66,249 | €55,817 | -€10,431 | -15.7% |
| Taxes | 450/3 | €1,124 | €13,743 | +€12,619 | +1,123% |
| Remuneration and social security | 454/9 | €65,125 | €42,075 | -€23,050 | -35.4% |
| Other amounts payable | 47/48 | €36,943 | €36,823 | -€120 | -0.3% |
| Accrued charges and deferred income | 492/3 | €1,012,738 | €642,881 | -€369,857 | -36.5% |
| Operating income | 70/76A | €1,632,872 | €1,752,098 | +€119,226 | +7.3% |
| Turnover | 70 | €1,540,321 | €1,579,539 | +€39,218 | +2.5% |
| Other operating income | 74 | €92,551 | €117,786 | +€25,234 | +27.3% |
| Non-recurring operating income | 76A | €0 | €54,773 | +€54,773 | |
| Operating charges | 60/66A | €5,534,538 | €3,865,483 | -€1.7m | -30.2% |
| Services and other goods | 61 | €1,511,651 | €1,060,718 | -€450,933 | -29.8% |
| Remuneration, social security and pensions | 62 | €585,505 | €493,202 | -€92,304 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,115,057 | €641,749 | -€473,308 | -42.4% |
| Other operating charges | 640/8 | €38,348 | €81,271 | +€42,923 | +112% |
| Non-recurring operating charges | 66A | €2,283,976 | €1,588,542 | -€695,434 | -30.4% |
| Operating profit (loss) | 9901 | -€3,901,666 | -€2,113,385 | +€1.8m | +45.8% |
| Financial income | 75/76B | €1,658,905 | €1,524,253 | -€134,652 | -8.1% |
| Recurring financial income | 75 | €1,658,905 | €1,524,253 | -€134,652 | -8.1% |
| Income from financial fixed assets | 750 | - | €1,520,976 | +€1.5m | |
| Income from current assets | 751 | €1,658,530 | €3,260 | -€1.7m | -99.8% |
| Other financial income | 752/9 | €375 | €18 | -€357 | -95.3% |
| Financial charges | 65/66B | €14,303,930 | €4,213,476 | -€10.1m | -70.5% |
| Recurring financial charges | 65 | €2,382,853 | €1,483,599 | -€899,254 | -37.7% |
| Debt charges | 650 | €2,367,563 | €1,471,372 | -€896,191 | -37.9% |
| Other financial charges | 652/9 | €15,290 | €12,227 | -€3,063 | -20.0% |
| Non-recurring financial charges | 66B | €11,921,077 | €2,729,877 | -€9.2m | -77.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,546,691 | -€4,802,608 | +€11.7m | +71.0% |
| Income taxes | 67/77 | €1,021 | €845 | -€176 | -17.2% |
| Taxes | 670/3 | €1,021 | €845 | -€176 | -17.2% |
| Profit (loss) for the period | 9904 | -€16,547,712 | -€4,803,453 | +€11.7m | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,547,712 | -€4,803,453 | +€11.7m | +71.0% |
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 21 October 2026 via checked.be.