Aldenburgh Management: 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.
Aldenburgh Management
Largest movements
- Receivables within one year -€22,780
down €22,780 (-18.7%), from €121,831 to €99,050
of which Trade receivables: -€27,851
- Tangible fixed assets -€13,866
down €13,866 (-27.5%), from €50,344 to €36,477
- Cash -€8,566
down €8,566 (-26.8%), from €31,975 to €23,409
mainly Debts after one year (-€168,000) and Net result for the year (-€67,647)
- Deferred charges and accrued income -€2,208
down €2,208 (-56.1%), from €3,932 to €1,725
- Contributions +€200,000
up €200,000 (+818%), from €24,460 to €224,460
- Debts after one year -€168,000
down €168,000 (-58.8%), from €285,500 to €117,500
of which Other amounts payable: -€168,000
- Profit (loss) carried forward -€67,647
down €67,647 (-42.4%), from -€159,441 to -€227,088
- Trade debts -€16,429
down €16,429 (-88.8%), from €18,501 to €2,072
- Tax, wage and social debts +€2,884
up €2,884, from €0 to €2,884
of which Remuneration and social security: +€2,758
- Gross operating margin -€51,379
down €51,379, from €1,712 to -€49,667
- Financial income -€16,664
down €16,664 (-88.3%), from €18,868 to €2,204
- Other operating charges +€3,566
up €3,566 (+510%), from €699 to €4,265
- Depreciation +€895
up €895 (+6.0%), from €14,904 to €15,799
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 | €213,082 | €165,661 | -€47,421 | -22.3% |
| Fixed assets | 21/28 | €55,344 | €41,477 | -€13,866 | -25.1% |
| Tangible fixed assets | 22/27 | €50,344 | €36,477 | -€13,866 | -27.5% |
| Furniture and vehicles | 24 | €50,344 | €36,477 | -€13,866 | -27.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €157,738 | €124,184 | -€33,554 | -21.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €121,831 | €99,050 | -€22,780 | -18.7% |
| Trade receivables | 40 | €40,263 | €12,412 | -€27,851 | -69.2% |
| Other amounts receivable | 41 | €81,568 | €86,638 | +€5,070 | +6.2% |
| Cash at bank and in hand | 54/58 | €31,975 | €23,409 | -€8,566 | -26.8% |
| Deferred charges and accrued income | 490/1 | €3,932 | €1,725 | -€2,208 | -56.1% |
| Total equity and liabilities | 10/49 | €213,082 | €165,661 | -€47,421 | -22.3% |
| Equity | 10/15 | -€97,535 | €34,818 | +€132,353 | |
| Contributions | 10/11 | €24,460 | €224,460 | +€200,000 | +818% |
| Reserves | 13 | €37,446 | €37,446 | = | 0.0% |
| Distributable reserves | 133 | €37,446 | €37,446 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,441 | -€227,088 | -€67,647 | -42.4% |
| Amounts payable | 17/49 | €310,617 | €130,843 | -€179,774 | -57.9% |
| Amounts payable after more than one year | 17 | €285,500 | €117,500 | -€168,000 | -58.8% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €285,500 | €117,500 | -€168,000 | -58.8% |
| Amounts payable within one year | 42/48 | €24,251 | €12,026 | -€12,225 | -50.4% |
| Trade debts | 44 | €18,501 | €2,072 | -€16,429 | -88.8% |
| Suppliers | 440/4 | €18,501 | €2,072 | -€16,429 | -88.8% |
| Taxes, remuneration and social security | 45 | €0 | €2,884 | +€2,884 | |
| Taxes | 450/3 | €0 | €126 | +€126 | |
| Remuneration and social security | 454/9 | €0 | €2,758 | +€2,758 | |
| Other amounts payable | 47/48 | €5,750 | €7,070 | +€1,320 | +23.0% |
| Accrued charges and deferred income | 492/3 | €866 | €1,317 | +€451 | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,904 | €15,799 | +€895 | +6.0% |
| Other operating charges | 640/8 | €699 | €4,265 | +€3,566 | +510% |
| Gross operating margin | 9900 | €1,712 | -€49,667 | -€51,379 | |
| Operating profit (loss) | 9901 | -€13,891 | -€69,732 | -€55,840 | -402% |
| Financial income | 75/76B | €18,868 | €2,204 | -€16,664 | -88.3% |
| Recurring financial income | 75 | €18,868 | €2,204 | -€16,664 | -88.3% |
| Financial charges | 65/66B | €481 | €120 | -€361 | -75.1% |
| Recurring financial charges | 65 | €481 | €120 | -€361 | -75.1% |
| Profit (loss) for the period before taxes | 9903 | €4,495 | -€67,647 | -€72,142 | |
| Profit (loss) for the period | 9904 | €4,495 | -€67,647 | -€72,142 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,495 | -€67,647 | -€72,142 |
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 29 October 2026 via checked.be.