ALDES: what changed
Two fiscal 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.
ALDES
Largest movements
- Cash -€117,612
down €117,612 (-85.8%), from €137,151 to €19,539
mainly Contributions, distributions and other (-€105,263) and Receivables within one year (-€85,159)
- Receivables within one year +€85,159
up €85,159 (+45.9%), from €185,362 to €270,521
of which Trade receivables: +€68,924
- Deferred charges and accrued income +€57,014
up €57,014 (+3003.7%), from €1,898 to €58,912
- Tangible fixed assets -€26,064
down €26,064 (-29.4%), from €88,700 to €62,635
of which Furniture and vehicles: -€26,846
- Tax, wage and social debts +€17,297
up €17,297 (+3966.6%), from €436 to €17,733
of which Remuneration and social security: +€10,433
- Reserves -€13,555
down €13,555 (-1.6%), from €851,979 to €838,425
- Gross operating margin -€23,717
down €23,717 (-13.4%), from €176,735 to €153,018
- Financial income +€8,278
up €8,278 (+636.2%), from €1,301 to €9,580
- Taxes -€6,584
down €6,584 (-15.4%), from €42,747 to €36,163
- Depreciation +€3,020
up €3,020 (+12.1%), from €25,035 to €28,055
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.
Cash bridge derived
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 | €882,079 | €889,074 | +€6,995 | +0.8% |
| Fixed assets | 21/28 | €88,700 | €62,635 | -€26,064 | -29.4% |
| Tangible fixed assets | 22/27 | €88,700 | €62,635 | -€26,064 | -29.4% |
| Plant, machinery and equipment | 23 | €1,365 | €2,147 | +€781 | +57.2% |
| Furniture and vehicles | 24 | €87,334 | €60,489 | -€26,846 | -30.7% |
| Current assets | 29/58 | €793,380 | €826,439 | +€33,059 | +4.2% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €185,362 | €270,521 | +€85,159 | +45.9% |
| Trade receivables | 40 | €177,070 | €245,994 | +€68,924 | +38.9% |
| Other amounts receivable | 41 | €8,292 | €24,527 | +€16,234 | +195.8% |
| Current investments | 50/53 | €378,969 | €387,467 | +€8,498 | +2.2% |
| Cash at bank and in hand | 54/58 | €137,151 | €19,539 | -€117,612 | -85.8% |
| Deferred charges and accrued income | 490/1 | €1,898 | €58,912 | +€57,014 | +3003.7% |
| Total equity and liabilities | 10/49 | €882,079 | €889,074 | +€6,995 | +0.8% |
| Equity | 10/15 | €871,979 | €858,425 | -€13,555 | -1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €851,979 | €838,425 | -€13,555 | -1.6% |
| Distributable reserves | 133 | €851,979 | €838,425 | -€13,555 | -1.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €10,100 | €30,650 | +€20,549 | +203.5% |
| Amounts payable within one year | 42/48 | €10,100 | €29,365 | +€19,264 | +190.7% |
| Trade debts | 44 | €5,636 | €7,683 | +€2,047 | +36.3% |
| Suppliers | 440/4 | €5,636 | €7,683 | +€2,047 | +36.3% |
| Taxes, remuneration and social security | 45 | €436 | €17,733 | +€17,297 | +3966.6% |
| Taxes | 450/3 | €436 | €7,300 | +€6,864 | +1574.0% |
| Remuneration and social security | 454/9 | €0 | €10,433 | +€10,433 | |
| Other amounts payable | 47/48 | €4,028 | €3,949 | -€80 | -2.0% |
| Accrued charges and deferred income | 492/3 | - | €1,285 | +€1,285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,035 | €28,055 | +€3,020 | +12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,973 | €4,350 | -€1,623 | -27.2% |
| Gross operating margin | 9900 | €176,735 | €153,018 | -€23,717 | -13.4% |
| Operating profit (loss) | 9901 | €145,726 | €120,612 | -€25,114 | -17.2% |
| Financial income | 75/76B | €1,301 | €9,580 | +€8,278 | +636.2% |
| Recurring financial income | 75 | €1,301 | €9,580 | +€8,278 | +636.2% |
| Financial charges | 65/66B | €1,816 | €2,320 | +€505 | +27.8% |
| Recurring financial charges | 65 | €1,816 | €2,283 | +€468 | +25.8% |
| Non-recurring financial charges | 66B | - | €37 | +€37 | |
| Profit (loss) for the period before taxes | 9903 | €145,212 | €127,872 | -€17,340 | -11.9% |
| Income taxes | 67/77 | €42,747 | €36,163 | -€6,584 | -15.4% |
| Profit (loss) for the period | 9904 | €102,464 | €91,709 | -€10,756 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,464 | €91,709 | -€10,756 | -10.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.