ALDEN: 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.
ALDEN
Largest movements
- Cash -€60,475
down €60,475 (-74.5%), from €81,123 to €20,648
mainly Contributions, distributions and other (-€600,000) and Debts after one year (-€101,828)
- Tangible fixed assets -€16,821
down €16,821 (-10.1%), from €167,061 to €150,239
of which Land and buildings: -€20,332
- Other debts +€334,407
up €334,407 (+1,509%), from €22,165 to €356,572
- Profit (loss) carried forward -€304,760
down €304,760 (-46.1%), from €661,527 to €356,767
- Debts after one year -€101,828
down €101,828 (-16.5%), from €618,536 to €516,709
- Financial income +€119,935
up €119,935 (+120%), from €99,996 to €219,931
- Gross operating margin +€24,630
up €24,630 (+20.8%), from €118,277 to €142,907
- Financial charges +€5,323
up €5,323 (+31.5%), from €16,915 to €22,238
- Taxes +€1,894
up €1,894 (+9.8%), from €19,414 to €21,308
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 | €1,441,634 | €1,370,821 | -€70,812 | -4.9% |
| Fixed assets | 21/28 | €1,354,278 | €1,337,457 | -€16,821 | -1.2% |
| Tangible fixed assets | 22/27 | €167,061 | €150,239 | -€16,821 | -10.1% |
| Land and buildings | 22 | €162,647 | €142,315 | -€20,332 | -12.5% |
| Furniture and vehicles | 24 | €4,414 | €7,924 | +€3,511 | +79.5% |
| Financial fixed assets | 28 | €1,187,218 | €1,187,218 | = | 0.0% |
| Current assets | 29/58 | €87,356 | €33,364 | -€53,991 | -61.8% |
| Amounts receivable within one year | 40/41 | €5,586 | €3,692 | -€1,894 | -33.9% |
| Other amounts receivable | 41 | €5,586 | €3,692 | -€1,894 | -33.9% |
| Cash at bank and in hand | 54/58 | €81,123 | €20,648 | -€60,475 | -74.5% |
| Deferred charges and accrued income | 490/1 | €647 | €9,024 | +€8,377 | +1,295% |
| Total equity and liabilities | 10/49 | €1,441,634 | €1,370,821 | -€70,812 | -4.9% |
| Equity | 10/15 | €681,987 | €377,227 | -€304,760 | -44.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €661,527 | €356,767 | -€304,760 | -46.1% |
| Amounts payable | 17/49 | €759,646 | €993,594 | +€233,948 | +30.8% |
| Amounts payable after more than one year | 17 | €618,536 | €516,709 | -€101,828 | -16.5% |
| Financial debts | 170/4 | €618,536 | €516,709 | -€101,828 | -16.5% |
| Amounts payable within one year | 42/48 | €137,424 | €474,717 | +€337,293 | +245% |
| Current portion of amounts payable after more than one year | 42 | €113,775 | €112,105 | -€1,669 | -1.5% |
| Trade debts | 44 | €1,484 | €6,040 | +€4,556 | +307% |
| Suppliers | 440/4 | €1,484 | €6,040 | +€4,556 | +307% |
| Other amounts payable | 47/48 | €22,165 | €356,572 | +€334,407 | +1,509% |
| Accrued charges and deferred income | 492/3 | €3,686 | €2,168 | -€1,518 | -41.2% |
| Remuneration, social security and pensions | 62 | €984 | - | -€984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,463 | €20,771 | +€308 | +1.5% |
| Other operating charges | 640/8 | €4,666 | €3,280 | -€1,385 | -29.7% |
| Gross operating margin | 9900 | €118,277 | €142,907 | +€24,630 | +20.8% |
| Operating profit (loss) | 9901 | €92,164 | €118,855 | +€26,692 | +29.0% |
| Financial income | 75/76B | €99,996 | €219,931 | +€119,935 | +120% |
| Recurring financial income | 75 | €99,996 | €219,931 | +€119,935 | +120% |
| Financial charges | 65/66B | €16,915 | €22,238 | +€5,323 | +31.5% |
| Recurring financial charges | 65 | €16,915 | €22,238 | +€5,323 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €175,244 | €316,548 | +€141,304 | +80.6% |
| Income taxes | 67/77 | €19,414 | €21,308 | +€1,894 | +9.8% |
| Profit (loss) for the period | 9904 | €155,830 | €295,240 | +€139,410 | +89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €155,830 | €295,240 | +€139,410 | +89.5% |
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 15 October 2026 via checked.be.