ALDER: what changed
ALDER
Largest movements
- Receivables within one year -€13,077
down €13,077 (-45.4%), from €28,828 to €15,751
of which Other amounts receivable: -€13,850
- Stocks and contracts +€4,856
up €4,856 (+184%), from €2,644 to €7,500
- Cash -€1,397
down €1,397 (-64.0%), from €2,184 to €787
mainly Trade debts (-€20,872) and Contributions, distributions and other (-€8,000)
- Financial fixed assets +€1,350
up €1,350 (+36.0%), from €3,750 to €5,100
- Trade debts -€20,872
down €20,872 (-96.1%), from €21,721 to €849
- Tax, wage and social debts +€15,641
up €15,641 (+289%), from €5,410 to €21,051
of which Remuneration and social security: +€12,237
- Contributions -€8,000
down €8,000 (-80.0%), from €10,000 to €2,000
- Other debts +€1,655
new in 2025: €1,655
- Profit (loss) carried forward +€1,543
up €1,543 (+30.7%), from €5,029 to €6,572
- Purchases and services +€127,064
new in 2025: €127,064
- Staff costs +€8,018
up €8,018 (+88.3%), from €9,084 to €17,102
- Gross operating margin +€6,605
up €6,605 (+36.9%), from €17,917 to €24,522
- Other operating charges +€2,581
new in 2025: €2,581
- Depreciation -€641
down €641 (-32.6%), from €1,967 to €1,326
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,160 | €33,566 | -€8,594 | -20.4% |
| Fixed assets | 21/28 | €8,504 | €9,527 | +€1,023 | +12.0% |
| Tangible fixed assets | 22/27 | €4,754 | €4,427 | -€327 | -6.9% |
| Plant, machinery and equipment | 23 | €2,568 | €1,939 | -€629 | -24.5% |
| Furniture and vehicles | 24 | €2,186 | €2,488 | +€302 | +13.8% |
| Financial fixed assets | 28 | €3,750 | €5,100 | +€1,350 | +36.0% |
| Current assets | 29/58 | €33,656 | €24,038 | -€9,618 | -28.6% |
| Stocks and contracts in progress | 3 | €2,644 | €7,500 | +€4,856 | +184% |
| Stocks | 30/36 | €2,644 | €7,500 | +€4,856 | +184% |
| Amounts receivable within one year | 40/41 | €28,828 | €15,751 | -€13,077 | -45.4% |
| Trade receivables | 40 | €14,978 | €15,751 | +€773 | +5.2% |
| Other amounts receivable | 41 | €13,850 | - | -€13,850 | |
| Cash at bank and in hand | 54/58 | €2,184 | €787 | -€1,397 | -64.0% |
| Total equity and liabilities | 10/49 | €42,160 | €33,566 | -€8,594 | -20.4% |
| Equity | 10/15 | €15,029 | €8,572 | -€6,457 | -43.0% |
| Contributions | 10/11 | €10,000 | €2,000 | -€8,000 | -80.0% |
| Contributions outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €5,029 | €6,572 | +€1,543 | +30.7% |
| Amounts payable | 17/49 | €27,131 | €24,993 | -€2,138 | -7.9% |
| Amounts payable within one year | 42/48 | €27,131 | €24,993 | -€2,138 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,439 | +€1,439 | |
| Trade debts | 44 | €21,721 | €849 | -€20,872 | -96.1% |
| Suppliers | 440/4 | €21,721 | €849 | -€20,872 | -96.1% |
| Taxes, remuneration and social security | 45 | €5,410 | €21,051 | +€15,641 | +289% |
| Taxes | 450/3 | €3,196 | €6,600 | +€3,404 | +106% |
| Remuneration and social security | 454/9 | €2,214 | €14,451 | +€12,237 | +553% |
| Other amounts payable | 47/48 | - | €1,655 | +€1,655 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €127,064 | +€127,064 | |
| Remuneration, social security and pensions | 62 | €9,084 | €17,102 | +€8,018 | +88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,967 | €1,326 | -€641 | -32.6% |
| Other operating charges | 640/8 | - | €2,581 | +€2,581 | |
| Gross operating margin | 9900 | €17,917 | €24,522 | +€6,605 | +36.9% |
| Operating profit (loss) | 9901 | €6,866 | €3,512 | -€3,354 | -48.8% |
| Financial income | 75/76B | €554 | €10 | -€544 | -98.2% |
| Recurring financial income | 75 | €554 | €10 | -€544 | -98.2% |
| Financial charges | 65/66B | €1,134 | €1,353 | +€219 | +19.4% |
| Recurring financial charges | 65 | €1,134 | €1,353 | +€219 | +19.3% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €6,286 | €2,169 | -€4,117 | -65.5% |
| Income taxes | 67/77 | €1,257 | €626 | -€631 | -50.2% |
| Profit (loss) for the period | 9904 | €5,029 | €1,543 | -€3,486 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,029 | €1,543 | -€3,486 | -69.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.