ALDERA: what changed
What changed
ALDERA
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€7,968
2024 · -€36,842+€44,810
Equity
€851,500
2024 · €843,532+€7,968
Cash
€10,804
2024 · €4,382+€6,422
Balance sheet total
€1.2m
2024 · €1.1m+€26,708
Largest movements
Assets
- Receivables within one year +€62,190
up €62,190 (+8.7%), from €711,119 to €773,309
of which Trade receivables: +€547,816
- Stocks and contracts -€40,139
down €40,139 (-10.9%), from €369,460 to €329,322
of which Stocks: -€46,322
Equity and liabilities
- Trade debts +€43,767
up €43,767 (+76.4%), from €57,278 to €101,045
- Accrued charges and deferred income -€18,116
down €18,116 (-98.4%), from €18,420 to €304
Income statement
- Gross operating margin +€33,357
up €33,357 (+3.9%), from €863,545 to €896,902
- Financial charges -€25,951
down €25,951 (-89.9%), from €28,863 to €2,912
- Write-downs +€11,407
up €11,407 (+153%), from €7,448 to €18,856
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.
Result 2024
-€36,842
Gross operating margin
+€33,357
Staff costs
-€5,173
Depreciation
+€1,245
Write-downs
-€11,407
Other operating charges
+€151
Financial income
+€4,371
Financial charges
+€25,951
Taxes
-€3,686
Result 2025
€7,968
raises the resultlowers the result
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.
From operations
+€13,528
Investment
-€5,008
Financing
-€2,098
Cash 2024
€4,382
From operations (derived)
+€13,528
Net result for the year
+€7,968
Depreciation
+€6,354
Stocks and contracts
+€40,139
Receivables within one year
-€62,190
Deferred charges and accrued income
+€420
Trade debts
+€43,767
Tax, wage and social debts
-€4,814
Accrued charges and deferred income
-€18,116
Investment (derived)
-€5,008
Investment in fixed assets (net)
-€5,008
Financing
-€2,098
Short-term financial debts
-€2,098
Cash 2025
€10,804
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,136,944 | €1,163,652 | +€26,708 | +2.3% |
| Fixed assets | 21/28 | €50,209 | €48,863 | -€1,346 | -2.7% |
| Tangible fixed assets | 22/27 | €46,916 | €45,445 | -€1,471 | -3.1% |
| Plant, machinery and equipment | 23 | €3,694 | €1,212 | -€2,482 | -67.2% |
| Furniture and vehicles | 24 | €6,980 | €6,980 | = | 0.0% |
| Other tangible fixed assets | 26 | €36,242 | €37,252 | +€1,010 | +2.8% |
| Financial fixed assets | 28 | €3,293 | €3,418 | +€125 | +3.8% |
| Current assets | 29/58 | €1,086,735 | €1,114,789 | +€28,054 | +2.6% |
| Stocks and contracts in progress | 3 | €369,460 | €329,322 | -€40,139 | -10.9% |
| Stocks | 30/36 | €305,642 | €259,320 | -€46,322 | -15.2% |
| Contracts in progress | 37 | €63,819 | €70,002 | +€6,183 | +9.7% |
| Amounts receivable within one year | 40/41 | €711,119 | €773,309 | +€62,190 | +8.7% |
| Trade receivables | 40 | €213,830 | €761,646 | +€547,816 | +256% |
| Other amounts receivable | 41 | €497,289 | €11,664 | -€485,626 | -97.7% |
| Cash at bank and in hand | 54/58 | €4,382 | €10,804 | +€6,422 | +147% |
| Deferred charges and accrued income | 490/1 | €1,774 | €1,354 | -€420 | -23.7% |
| Total equity and liabilities | 10/49 | €1,136,944 | €1,163,652 | +€26,708 | +2.3% |
| Equity | 10/15 | €843,532 | €851,500 | +€7,968 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €824,932 | €832,900 | +€7,968 | +1.0% |
| Tax-exempt reserves | 132 | €1,558 | €1,558 | = | 0.0% |
| Distributable reserves | 133 | €823,374 | €831,342 | +€7,968 | +1.0% |
| Amounts payable | 17/49 | €293,412 | €312,152 | +€18,740 | +6.4% |
| Amounts payable within one year | 42/48 | €274,992 | €311,848 | +€36,856 | +13.4% |
| Financial debts | 43 | €37,730 | €35,632 | -€2,098 | -5.6% |
| Credit institutions | 430/8 | €37,730 | €35,632 | -€2,098 | -5.6% |
| Trade debts | 44 | €57,278 | €101,045 | +€43,767 | +76.4% |
| Suppliers | 440/4 | €57,278 | €101,045 | +€43,767 | +76.4% |
| Advances received on contracts in progress | 46 | €5,988 | €5,988 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €173,997 | €169,183 | -€4,814 | -2.8% |
| Taxes | 450/3 | €173,997 | €32,471 | -€141,527 | -81.3% |
| Remuneration and social security | 454/9 | - | €136,713 | +€136,713 | |
| Accrued charges and deferred income | 492/3 | €18,420 | €304 | -€18,116 | -98.4% |
| Non-recurring operating income | 76A | €413 | €17,700 | +€17,287 | +4,183% |
| Remuneration, social security and pensions | 62 | €872,642 | €877,815 | +€5,173 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,599 | €6,354 | -€1,245 | -16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,448 | €18,856 | +€11,407 | +153% |
| Other operating charges | 640/8 | €3,486 | €3,335 | -€151 | -4.3% |
| Gross operating margin | 9900 | €863,545 | €896,902 | +€33,357 | +3.9% |
| Operating profit (loss) | 9901 | -€27,631 | -€9,458 | +€18,173 | +65.8% |
| Financial income | 75/76B | €20,069 | €24,440 | +€4,371 | +21.8% |
| Recurring financial income | 75 | €20,069 | €24,440 | +€4,371 | +21.8% |
| Financial charges | 65/66B | €28,863 | €2,912 | -€25,951 | -89.9% |
| Recurring financial charges | 65 | €28,863 | €2,912 | -€25,951 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,426 | €12,070 | +€48,495 | |
| Income taxes | 67/77 | €416 | €4,102 | +€3,686 | +886% |
| Profit (loss) for the period | 9904 | -€36,842 | €7,968 | +€44,810 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,842 | €7,968 | +€44,810 |
Next steps
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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 7 November 2026 via checked.be.