ALDEC: 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.
ALDEC
Largest movements
- Tangible fixed assets -€66,197
down €66,197 (-5.6%), from €1.2m to €1.1m
of which Land and buildings: -€41,375
- Current investments -€49,791
down €49,791 (-24.9%), from €200,000 to €150,209
- Other debts -€59,458
down €59,458 (-59.9%), from €99,266 to €39,808
- Debts after one year -€49,067
down €49,067 (-5.9%), from €825,829 to €776,762
- Reserves -€40,259
down €40,259 (-7.9%), from €511,690 to €471,431
of which Distributable reserves: -€40,259
- Gross operating margin +€15,133
up €15,133 (+32.9%), from €45,953 to €61,086
- Financial income -€1,177
down €1,177 (-35.7%), from €3,300 to €2,124
- Other operating charges +€704
up €704 (+4.8%), from €14,793 to €15,498
- Financial charges -€646
down €646 (-5.2%), from €12,468 to €11,821
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 | €1,588,628 | €1,445,577 | -€143,051 | -9.0% |
| Fixed assets | 21/28 | €1,188,271 | €1,122,074 | -€66,197 | -5.6% |
| Tangible fixed assets | 22/27 | €1,188,271 | €1,122,074 | -€66,197 | -5.6% |
| Land and buildings | 22 | €1,126,165 | €1,084,790 | -€41,375 | -3.7% |
| Plant, machinery and equipment | 23 | €2,937 | €1,852 | -€1,085 | -36.9% |
| Furniture and vehicles | 24 | €9,769 | €1,232 | -€8,537 | -87.4% |
| Other tangible fixed assets | 26 | €49,400 | €34,200 | -€15,200 | -30.8% |
| Current assets | 29/58 | €400,358 | €323,503 | -€76,855 | -19.2% |
| Amounts receivable within one year | 40/41 | €27,410 | €18,309 | -€9,101 | -33.2% |
| Trade receivables | 40 | €27,410 | €17,893 | -€9,517 | -34.7% |
| Other amounts receivable | 41 | - | €416 | +€416 | |
| Current investments | 50/53 | €200,000 | €150,209 | -€49,791 | -24.9% |
| Cash at bank and in hand | 54/58 | €167,744 | €154,985 | -€12,760 | -7.6% |
| Deferred charges and accrued income | 490/1 | €5,203 | €0 | -€5,203 | -100% |
| Total equity and liabilities | 10/49 | €1,588,628 | €1,445,577 | -€143,051 | -9.0% |
| Equity | 10/15 | €573,690 | €533,431 | -€40,259 | -7.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €511,690 | €471,431 | -€40,259 | -7.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €505,490 | €465,231 | -€40,259 | -8.0% |
| Amounts payable | 17/49 | €1,014,939 | €912,146 | -€102,792 | -10.1% |
| Amounts payable after more than one year | 17 | €825,829 | €776,762 | -€49,067 | -5.9% |
| Financial debts | 170/4 | €825,829 | €776,762 | -€49,067 | -5.9% |
| Amounts payable within one year | 42/48 | €184,111 | €130,385 | -€53,726 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €48,404 | €49,067 | +€663 | +1.4% |
| Trade debts | 44 | €33,490 | €36,671 | +€3,181 | +9.5% |
| Suppliers | 440/4 | €33,490 | €36,671 | +€3,181 | +9.5% |
| Taxes, remuneration and social security | 45 | €2,952 | €4,840 | +€1,888 | +64.0% |
| Taxes | 450/3 | €2,952 | €4,840 | +€1,888 | +64.0% |
| Other amounts payable | 47/48 | €99,266 | €39,808 | -€59,458 | -59.9% |
| Accrued charges and deferred income | 492/3 | €4,999 | €4,999 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,528 | €75,928 | +€401 | +0.5% |
| Other operating charges | 640/8 | €14,793 | €15,498 | +€704 | +4.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €45,953 | €61,086 | +€15,133 | +32.9% |
| Operating profit (loss) | 9901 | -€44,369 | -€30,340 | +€14,028 | +31.6% |
| Financial income | 75/76B | €3,300 | €2,124 | -€1,177 | -35.7% |
| Recurring financial income | 75 | €3,300 | €2,124 | -€1,177 | -35.7% |
| Financial charges | 65/66B | €12,468 | €11,821 | -€646 | -5.2% |
| Recurring financial charges | 65 | €12,468 | €11,821 | -€646 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€53,536 | -€40,038 | +€13,498 | +25.2% |
| Income taxes | 67/77 | €347 | €221 | -€126 | -36.3% |
| Profit (loss) for the period | 9904 | -€53,883 | -€40,259 | +€13,624 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,883 | -€40,259 | +€13,624 | +25.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.