ALDO: 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.
ALDO
Largest movements
- Cash +€676,305
up €676,305 (+34.1%), from €2.0m to €2.7m
mainly Net result for the year (+€898,129) and Depreciation (+€319,362)
- Receivables within one year +€137,268
up €137,268 (+9.5%), from €1.4m to €1.6m
of which Trade receivables: +€148,479
- Tangible fixed assets -€95,388
down €95,388 (-5.1%), from €1.9m to €1.8m
of which Leasing and similar rights: -€93,700
- Reserves +€648,129
up €648,129 (+29.2%), from €2.2m to €2.9m
of which Distributable reserves: +€648,129
- Tax, wage and social debts +€226,729
up €226,729 (+96.3%), from €235,522 to €462,251
of which Taxes: +€186,188
- Trade debts -€205,627
down €205,627 (-31.1%), from €660,550 to €454,923
- Other debts +€117,349
up €117,349 (+48.2%), from €243,380 to €360,729
- Debts after one year -€86,045
down €86,045 (-8.0%), from €1.1m to €982,939
- Gross operating margin +€855,471
up €855,471 (+29.9%), from €2.9m to €3.7m
- Staff costs +€415,859
up €415,859 (+23.7%), from €1.8m to €2.2m
- Taxes +€117,034
up €117,034 (+54.0%), from €216,747 to €333,781
- Financial income +€44,631
up €44,631 (+95.7%), from €46,655 to €91,285
- Depreciation +€40,974
up €40,974 (+14.7%), from €278,388 to €319,362
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
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 | €5,452,078 | €6,173,055 | +€720,977 | +13.2% |
| Fixed assets | 21/28 | €1,937,519 | €1,835,284 | -€102,234 | -5.3% |
| Intangible fixed assets | 21 | €49,320 | €42,473 | -€6,847 | -13.9% |
| Tangible fixed assets | 22/27 | €1,888,199 | €1,792,811 | -€95,388 | -5.1% |
| Land and buildings | 22 | €568,107 | €521,047 | -€47,060 | -8.3% |
| Plant, machinery and equipment | 23 | €377,764 | €434,692 | +€56,928 | +15.1% |
| Furniture and vehicles | 24 | €262,429 | €250,873 | -€11,556 | -4.4% |
| Leasing and similar rights | 25 | €679,899 | €586,199 | -€93,700 | -13.8% |
| Current assets | 29/58 | €3,514,559 | €4,337,771 | +€823,211 | +23.4% |
| Stocks and contracts in progress | 3 | €75,466 | €83,013 | +€7,547 | +10.0% |
| Stocks | 30/36 | €75,466 | €83,013 | +€7,547 | +10.0% |
| Amounts receivable within one year | 40/41 | €1,438,577 | €1,575,844 | +€137,268 | +9.5% |
| Trade receivables | 40 | €1,272,128 | €1,420,607 | +€148,479 | +11.7% |
| Other amounts receivable | 41 | €166,449 | €155,237 | -€11,212 | -6.7% |
| Cash at bank and in hand | 54/58 | €1,982,007 | €2,658,312 | +€676,305 | +34.1% |
| Deferred charges and accrued income | 490/1 | €18,509 | €20,601 | +€2,092 | +11.3% |
| Total equity and liabilities | 10/49 | €5,452,078 | €6,173,055 | +€720,977 | +13.2% |
| Equity | 10/15 | €3,074,085 | €3,722,214 | +€648,129 | +21.1% |
| Contributions | 10/11 | €336,170 | €336,170 | = | 0.0% |
| Capital | 10 | €336,170 | €336,170 | = | 0.0% |
| Issued capital | 100 | €336,170 | €336,170 | = | 0.0% |
| Reserves | 13 | €2,217,401 | €2,865,530 | +€648,129 | +29.2% |
| Non-distributable reserves | 130/1 | €33,617 | €33,617 | = | 0.0% |
| Legal reserve | 130 | €33,617 | €33,617 | = | 0.0% |
| Distributable reserves | 133 | €2,183,784 | €2,831,913 | +€648,129 | +29.7% |
| Profit (loss) carried forward | 14 | €520,514 | €520,514 | = | 0.0% |
| Amounts payable | 17/49 | €2,377,993 | €2,450,841 | +€72,847 | +3.1% |
| Amounts payable after more than one year | 17 | €1,068,984 | €982,939 | -€86,045 | -8.0% |
| Financial debts | 170/4 | €1,068,984 | €982,939 | -€86,045 | -8.0% |
| Amounts payable within one year | 42/48 | €1,300,567 | €1,460,855 | +€160,288 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €161,115 | €182,952 | +€21,836 | +13.6% |
| Trade debts | 44 | €660,550 | €454,923 | -€205,627 | -31.1% |
| Suppliers | 440/4 | €660,550 | €454,923 | -€205,627 | -31.1% |
| Taxes, remuneration and social security | 45 | €235,522 | €462,251 | +€226,729 | +96.3% |
| Taxes | 450/3 | €98,093 | €284,281 | +€186,188 | +190% |
| Remuneration and social security | 454/9 | €137,429 | €177,970 | +€40,542 | +29.5% |
| Other amounts payable | 47/48 | €243,380 | €360,729 | +€117,349 | +48.2% |
| Accrued charges and deferred income | 492/3 | €8,442 | €7,046 | -€1,396 | -16.5% |
| Non-recurring operating income | 76A | €0 | €4,525 | +€4,525 | |
| Remuneration, social security and pensions | 62 | €1,753,259 | €2,169,118 | +€415,859 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,388 | €319,362 | +€40,974 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,911 | €0 | +€4,911 | |
| Other operating charges | 640/8 | €53,699 | €51,179 | -€2,521 | -4.7% |
| Gross operating margin | 9900 | €2,857,722 | €3,713,192 | +€855,471 | +29.9% |
| Operating profit (loss) | 9901 | €777,286 | €1,173,534 | +€396,248 | +51.0% |
| Financial income | 75/76B | €46,655 | €91,285 | +€44,631 | +95.7% |
| Recurring financial income | 75 | €46,655 | €91,285 | +€44,631 | +95.7% |
| Financial charges | 65/66B | €43,915 | €32,909 | -€11,006 | -25.1% |
| Recurring financial charges | 65 | €43,915 | €32,909 | -€11,006 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €780,026 | €1,231,910 | +€451,884 | +57.9% |
| Income taxes | 67/77 | €216,747 | €333,781 | +€117,034 | +54.0% |
| Profit (loss) for the period | 9904 | €563,279 | €898,129 | +€334,850 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €563,279 | €898,129 | +€334,850 | +59.4% |
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 14 October 2026 via checked.be.