ALDENARDA: 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.
ALDENARDA
Largest movements
- Receivables within one year -€227,526
down €227,526 (-30.8%), from €738,934 to €511,408
of which Trade receivables: -€158,143
- Receivables after one year -€69,000
down €69,000 (-100%), from €69,000 to €0
- Cash +€47,329
up €47,329 (+11.2%), from €423,977 to €471,306
mainly Receivables within one year (+€227,526) and Net result for the year (+€163,356)
- Current investments -€30,155
down €30,155 (-100%), from €30,155 to €0
- Financial fixed assets -€30,000
down €30,000 (-23.8%), from €126,307 to €96,307
- Trade debts -€302,566
down €302,566 (-46.2%), from €654,635 to €352,069
- Reserves +€81,119
up €81,119 (+18.1%), from €447,271 to €528,389
of which Distributable reserves: +€81,119
- Other debts -€42,588
down €42,588 (-27.1%), from €157,143 to €114,555
- Debts after one year -€27,474
down €27,474 (-33.3%), from €82,421 to €54,946
- Tax, wage and social debts -€18,554
down €18,554 (-13.5%), from €137,088 to €118,534
- Gross operating margin -€768,065
down €768,065 (-91.1%), from €843,339 to €75,274
- Staff costs -€305,142
down €305,142 (-99.9%), from €305,334 to €192
- Financial income +€162,798
up €162,798 (+1,138%), from €14,302 to €177,100
- Taxes -€139,299
down €139,299 (-85.4%), from €163,138 to €23,839
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 | €1,578,548 | €1,258,248 | -€320,300 | -20.3% |
| Fixed assets | 21/28 | €309,702 | €270,013 | -€39,688 | -12.8% |
| Tangible fixed assets | 22/27 | €183,395 | €173,706 | -€9,688 | -5.3% |
| Land and buildings | 22 | €130,717 | €144,517 | +€13,800 | +10.6% |
| Plant, machinery and equipment | 23 | €2,810 | €2,189 | -€621 | -22.1% |
| Furniture and vehicles | 24 | €49,868 | €27,001 | -€22,867 | -45.9% |
| Financial fixed assets | 28 | €126,307 | €96,307 | -€30,000 | -23.8% |
| Current assets | 29/58 | €1,268,847 | €988,235 | -€280,612 | -22.1% |
| Amounts receivable after more than one year | 29 | €69,000 | €0 | -€69,000 | -100% |
| Trade receivables | 290 | €69,000 | €0 | -€69,000 | -100% |
| Amounts receivable within one year | 40/41 | €738,934 | €511,408 | -€227,526 | -30.8% |
| Trade receivables | 40 | €455,901 | €297,758 | -€158,143 | -34.7% |
| Other amounts receivable | 41 | €283,033 | €213,650 | -€69,383 | -24.5% |
| Current investments | 50/53 | €30,155 | €0 | -€30,155 | -100% |
| Cash at bank and in hand | 54/58 | €423,977 | €471,306 | +€47,329 | +11.2% |
| Deferred charges and accrued income | 490/1 | €6,781 | €5,520 | -€1,261 | -18.6% |
| Total equity and liabilities | 10/49 | €1,578,548 | €1,258,248 | -€320,300 | -20.3% |
| Equity | 10/15 | €508,771 | €589,889 | +€81,119 | +15.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €447,271 | €528,389 | +€81,119 | +18.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €441,121 | €522,239 | +€81,119 | +18.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,069,778 | €668,359 | -€401,419 | -37.5% |
| Amounts payable after more than one year | 17 | €82,421 | €54,946 | -€27,474 | -33.3% |
| Financial debts | 170/4 | €82,421 | €54,946 | -€27,474 | -33.3% |
| Amounts payable within one year | 42/48 | €987,357 | €612,632 | -€374,725 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €38,492 | €27,474 | -€11,017 | -28.6% |
| Trade debts | 44 | €654,635 | €352,069 | -€302,566 | -46.2% |
| Suppliers | 440/4 | €654,635 | €352,069 | -€302,566 | -46.2% |
| Taxes, remuneration and social security | 45 | €137,088 | €118,534 | -€18,554 | -13.5% |
| Taxes | 450/3 | €137,088 | €118,534 | -€18,554 | -13.5% |
| Other amounts payable | 47/48 | €157,143 | €114,555 | -€42,588 | -27.1% |
| Accrued charges and deferred income | 492/3 | - | €781 | +€781 | |
| Non-recurring operating income | 76A | €5,909 | €0 | -€5,909 | -100% |
| Remuneration, social security and pensions | 62 | €305,334 | €192 | -€305,142 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,910 | €41,220 | -€690 | -1.6% |
| Other operating charges | 640/8 | €7,015 | €6,528 | -€487 | -6.9% |
| Non-recurring operating charges | 66A | €3,593 | €0 | -€3,593 | -100% |
| Gross operating margin | 9900 | €843,339 | €75,274 | -€768,065 | -91.1% |
| Operating profit (loss) | 9901 | €485,487 | €27,334 | -€458,153 | -94.4% |
| Financial income | 75/76B | €14,302 | €177,100 | +€162,798 | +1,138% |
| Recurring financial income | 75 | €14,302 | €177,100 | +€162,798 | +1,138% |
| Financial charges | 65/66B | €22,102 | €17,239 | -€4,863 | -22.0% |
| Recurring financial charges | 65 | €22,102 | €17,239 | -€4,863 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €477,688 | €187,196 | -€290,492 | -60.8% |
| Income taxes | 67/77 | €163,138 | €23,839 | -€139,299 | -85.4% |
| Profit (loss) for the period | 9904 | €314,550 | €163,356 | -€151,193 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €314,550 | €163,356 | -€151,193 | -48.1% |
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 22 October 2026 via checked.be.