Aldex: 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.
Aldex
Largest movements
- Receivables within one year +€22,570
up €22,570 (+119%), from €18,970 to €41,539
of which Trade receivables: +€16,224
- Stocks and contracts +€9,926
up €9,926 (+76.7%), from €12,934 to €22,860
- Formation expenses +€2,289
up €2,289 (+183%), from €1,248 to €3,538
- Tangible fixed assets +€1,727
up €1,727 (+2.9%), from €58,558 to €60,284
of which Furniture and vehicles: +€9,914
- Trade debts +€44,517
up €44,517 (+198%), from €22,436 to €66,953
- Debts after one year -€9,968
down €9,968 (-24.0%), from €41,498 to €31,530
- Tax, wage and social debts +€1,627
up €1,627 (+41.5%), from €3,916 to €5,542
of which Taxes: +€1,204
- Gross operating margin +€55,622
up €55,622 (+303%), from €18,330 to €73,952
- Staff costs +€37,803
up €37,803 (+288%), from €13,125 to €50,928
- Depreciation +€12,377
up €12,377 (+444%), from €2,787 to €15,164
- Financial charges +€4,388
up €4,388 (+284%), from €1,543 to €5,931
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,925 | €130,486 | +€36,561 | +38.9% |
| Formation expenses | 20 | €1,248 | €3,538 | +€2,289 | +183% |
| Fixed assets | 21/28 | €60,477 | €61,805 | +€1,328 | +2.2% |
| Intangible fixed assets | 21 | €1,919 | €1,520 | -€399 | -20.8% |
| Tangible fixed assets | 22/27 | €58,558 | €60,284 | +€1,727 | +2.9% |
| Plant, machinery and equipment | 23 | €4,926 | €7,429 | +€2,503 | +50.8% |
| Furniture and vehicles | 24 | €2,357 | €12,272 | +€9,914 | +421% |
| Leasing and similar rights | 25 | €51,274 | €40,584 | -€10,690 | -20.8% |
| Current assets | 29/58 | €32,199 | €65,143 | +€32,944 | +102% |
| Stocks and contracts in progress | 3 | €12,934 | €22,860 | +€9,926 | +76.7% |
| Stocks | 30/36 | €12,934 | €22,860 | +€9,926 | +76.7% |
| Amounts receivable within one year | 40/41 | €18,970 | €41,539 | +€22,570 | +119% |
| Trade receivables | 40 | €18,879 | €35,103 | +€16,224 | +85.9% |
| Other amounts receivable | 41 | €91 | €6,436 | +€6,346 | +7,000% |
| Deferred charges and accrued income | 490/1 | €296 | €744 | +€449 | +152% |
| Total equity and liabilities | 10/49 | €93,925 | €130,486 | +€36,561 | +38.9% |
| Equity | 10/15 | €10,407 | €10,972 | +€565 | +5.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €407 | €972 | +€565 | +139% |
| Distributable reserves | 133 | €407 | €972 | +€565 | +139% |
| Amounts payable | 17/49 | €83,518 | €119,514 | +€35,996 | +43.1% |
| Amounts payable after more than one year | 17 | €41,498 | €31,530 | -€9,968 | -24.0% |
| Financial debts | 170/4 | €41,498 | €31,530 | -€9,968 | -24.0% |
| Amounts payable within one year | 42/48 | €42,020 | €87,984 | +€45,964 | +109% |
| Current portion of amounts payable after more than one year | 42 | €8,819 | €9,151 | +€332 | +3.8% |
| Financial debts | 43 | €6,581 | €5,867 | -€713 | -10.8% |
| Credit institutions | 430/8 | €6,581 | €5,867 | -€713 | -10.8% |
| Trade debts | 44 | €22,436 | €66,953 | +€44,517 | +198% |
| Suppliers | 440/4 | €22,436 | €66,953 | +€44,517 | +198% |
| Advances received on contracts in progress | 46 | €269 | - | -€269 | |
| Taxes, remuneration and social security | 45 | €3,916 | €5,542 | +€1,627 | +41.5% |
| Taxes | 450/3 | €2,589 | €3,794 | +€1,204 | +46.5% |
| Remuneration and social security | 454/9 | €1,326 | €1,749 | +€422 | +31.8% |
| Other amounts payable | 47/48 | - | €471 | +€471 | |
| Remuneration, social security and pensions | 62 | €13,125 | €50,928 | +€37,803 | +288% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,787 | €15,164 | +€12,377 | +444% |
| Other operating charges | 640/8 | €868 | €1,283 | +€415 | +47.8% |
| Non-recurring operating charges | 66A | - | -€0 | -€0 | |
| Gross operating margin | 9900 | €18,330 | €73,952 | +€55,622 | +303% |
| Operating profit (loss) | 9901 | €1,550 | €6,577 | +€5,027 | +324% |
| Financial income | 75/76B | €428 | €63 | -€365 | -85.2% |
| Recurring financial income | 75 | €428 | €63 | -€365 | -85.2% |
| Financial charges | 65/66B | €1,543 | €5,931 | +€4,388 | +284% |
| Recurring financial charges | 65 | €1,543 | €5,931 | +€4,388 | +284% |
| Profit (loss) for the period before taxes | 9903 | €434 | €710 | +€275 | +63.4% |
| Income taxes | 67/77 | €27 | €144 | +€117 | +426% |
| Profit (loss) for the period | 9904 | €407 | €565 | +€158 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €407 | €565 | +€158 | +38.9% |
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 13 October 2026 via checked.be.