ALDHEM: 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.
What changed
ALDHEM
NACE 55.100, Hotels and similar accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€29,334
2024 · €131,624-€160,958
Equity
€8.7m
2024 · €8.7m-€29,334
Cash
€54,465
2024 · €23,249+€31,216
Balance sheet total
€10.8m
2024 · €10.9m-€163,050
Largest movements
Assets
- Tangible fixed assets -€238,225
down €238,225 (-2.9%), from €8.3m to €8.1m
of which Land and buildings: -€230,038
Equity and liabilities
- Debts after one year -€239,374
down €239,374 (-25.9%), from €925,353 to €685,979
Income statement
- Gross operating margin -€131,342
down €131,342 (-28.8%), from €455,738 to €324,397
- Depreciation +€23,418
up €23,418 (+10.6%), from €220,823 to €244,241
- Taxes +€10,859
up €10,859 (+1933.9%), from €561 to €11,420
- Financial charges -€5,696
down €5,696 (-8.6%), from €66,303 to €60,607
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.
Result 2024
€131,624
Gross operating margin
-€131,342
Depreciation
-€23,418
Other operating charges
-€1,283
Financial income
+€248
Financial charges
+€5,696
Taxes
-€10,859
Result 2025
-€29,334
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.
From operations
+€202,040
Investment
-€6,016
Financing
-€164,808
Cash 2024
€23,249
From operations (derived)
+€202,040
Net result for the year
-€29,334
Depreciation
+€244,241
Receivables within one year
-€40,322
Deferred charges and accrued income
-€3,636
Trade debts
-€43,487
Tax, wage and social debts
+€10,859
Other debts
+€42,120
Accrued charges and deferred income
+€21,600
Investment (derived)
-€6,016
Investment in fixed assets (net)
-€6,016
Financing
-€164,808
Debts after one year
-€239,374
Current portion of long-term debt
+€3,523
Short-term financial debts
+€71,043
Cash 2025
€54,465
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,930,775 | €10,767,724 | -€163,050 | -1.5% |
| Fixed assets | 21/28 | €10,049,224 | €9,810,999 | -€238,225 | -2.4% |
| Tangible fixed assets | 22/27 | €8,323,628 | €8,085,403 | -€238,225 | -2.9% |
| Land and buildings | 22 | €8,259,718 | €8,029,680 | -€230,038 | -2.8% |
| Plant, machinery and equipment | 23 | €60,138 | €52,755 | -€7,383 | -12.3% |
| Furniture and vehicles | 24 | €3,772 | €2,968 | -€804 | -21.3% |
| Financial fixed assets | 28 | €1,725,596 | €1,725,596 | = | 0.0% |
| Current assets | 29/58 | €881,551 | €956,725 | +€75,174 | +8.5% |
| Amounts receivable after more than one year | 29 | €100,500 | €100,500 | = | 0.0% |
| Other amounts receivable | 291 | €100,500 | €100,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €749,436 | €789,758 | +€40,322 | +5.4% |
| Trade receivables | 40 | €411,925 | €308,861 | -€103,064 | -25.0% |
| Other amounts receivable | 41 | €337,511 | €480,897 | +€143,386 | +42.5% |
| Cash at bank and in hand | 54/58 | €23,249 | €54,465 | +€31,216 | +134.3% |
| Deferred charges and accrued income | 490/1 | €8,366 | €12,002 | +€3,636 | +43.5% |
| Total equity and liabilities | 10/49 | €10,930,775 | €10,767,724 | -€163,050 | -1.5% |
| Equity | 10/15 | €8,719,995 | €8,690,661 | -€29,334 | -0.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,590,239 | €7,590,239 | = | 0.0% |
| Reserves | 13 | €879,755 | €850,422 | -€29,334 | -3.3% |
| Non-distributable reserves | 130/1 | €25,881 | €25,881 | = | 0.0% |
| Legal reserve | 130 | €25,881 | €25,881 | = | 0.0% |
| Distributable reserves | 133 | €853,874 | €824,541 | -€29,334 | -3.4% |
| Provisions and deferred taxes | 16 | €182,004 | €182,004 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €182,004 | €182,004 | = | 0.0% |
| Other liabilities and charges | 164/5 | €182,004 | €182,004 | = | 0.0% |
| Amounts payable | 17/49 | €2,028,775 | €1,895,059 | -€133,717 | -6.6% |
| Amounts payable after more than one year | 17 | €925,353 | €685,979 | -€239,374 | -25.9% |
| Financial debts | 170/4 | €925,353 | €685,979 | -€239,374 | -25.9% |
| Amounts payable within one year | 42/48 | €1,081,822 | €1,165,880 | +€84,057 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €235,851 | €239,374 | +€3,523 | +1.5% |
| Financial debts | 43 | €180,361 | €251,404 | +€71,043 | +39.4% |
| Credit institutions | 430/8 | €180,361 | €251,404 | +€71,043 | +39.4% |
| Trade debts | 44 | €59,168 | €15,681 | -€43,487 | -73.5% |
| Suppliers | 440/4 | €59,168 | €15,681 | -€43,487 | -73.5% |
| Taxes, remuneration and social security | 45 | €561 | €11,420 | +€10,859 | +1933.9% |
| Taxes | 450/3 | €561 | €11,420 | +€10,859 | +1933.9% |
| Other amounts payable | 47/48 | €605,880 | €648,000 | +€42,120 | +7.0% |
| Accrued charges and deferred income | 492/3 | €21,600 | €43,200 | +€21,600 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,823 | €244,241 | +€23,418 | +10.6% |
| Other operating charges | 640/8 | €42,457 | €43,739 | +€1,283 | +3.0% |
| Gross operating margin | 9900 | €455,738 | €324,397 | -€131,342 | -28.8% |
| Operating profit (loss) | 9901 | €192,459 | €36,416 | -€156,042 | -81.1% |
| Financial income | 75/76B | €6,030 | €6,278 | +€248 | +4.1% |
| Recurring financial income | 75 | €6,030 | €6,278 | +€248 | +4.1% |
| Financial charges | 65/66B | €66,303 | €60,607 | -€5,696 | -8.6% |
| Recurring financial charges | 65 | €66,303 | €60,607 | -€5,696 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €132,186 | -€17,913 | -€150,099 | |
| Income taxes | 67/77 | €561 | €11,420 | +€10,859 | +1933.9% |
| Profit (loss) for the period | 9904 | €131,624 | -€29,334 | -€160,958 | |
| Profit (loss) for the period to be appropriated | 9905 | €131,624 | -€29,334 | -€160,958 |
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.