ALDO: 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.
ALDO
Largest movements
- Receivables within one year -€24,225
down €24,225 (-75.9%), from €31,909 to €7,684
of which Other amounts receivable: -€23,097
- Tangible fixed assets -€12,196
down €12,196 (-2.7%), from €457,178 to €444,983
- Cash -€9,834
down €9,834 (-35.6%), from €27,659 to €17,824
mainly Current portion of long-term debt (-€29,320) and Debts after one year (-€27,511)
- Reserves +€32,915
up €32,915 (+12.8%), from €256,543 to €289,458
- Current portion of long-term debt -€29,320
down €29,320 (-51.6%), from €56,831 to €27,511
- Debts after one year -€27,511
down €27,511 (-24.1%), from €114,002 to €86,491
- Other debts -€19,474
down €19,474 (-30.0%), from €64,870 to €45,397
- Taxes +€9,317
up €9,317 (+154.2%), from €6,043 to €15,360
- Financial charges -€9,226
down €9,226 (-62.4%), from €14,781 to €5,555
of which Financial charges: -€5,025
- Other operating charges -€2,797
down €2,797 (-58.3%), from €4,794 to €1,997
- Gross operating margin +€692
up €692 (+1.0%), from €67,331 to €68,023
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 | €517,736 | €471,591 | -€46,145 | -8.9% |
| Fixed assets | 21/28 | €457,428 | €445,233 | -€12,196 | -2.7% |
| Tangible fixed assets | 22/27 | €457,178 | €444,983 | -€12,196 | -2.7% |
| Land and buildings | 22 | €457,178 | €444,983 | -€12,196 | -2.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €60,308 | €26,359 | -€33,949 | -56.3% |
| Amounts receivable within one year | 40/41 | €31,909 | €7,684 | -€24,225 | -75.9% |
| Trade receivables | 40 | €8,645 | €7,518 | -€1,128 | -13.0% |
| Other amounts receivable | 41 | €23,263 | €166 | -€23,097 | -99.3% |
| Cash at bank and in hand | 54/58 | €27,659 | €17,824 | -€9,834 | -35.6% |
| Deferred charges and accrued income | 490/1 | €740 | €850 | +€110 | +14.9% |
| Total equity and liabilities | 10/49 | €517,736 | €471,591 | -€46,145 | -8.9% |
| Equity | 10/15 | €276,543 | €309,458 | +€32,915 | +11.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €256,543 | €289,458 | +€32,915 | +12.8% |
| Distributable reserves | 133 | €256,543 | €289,458 | +€32,915 | +12.8% |
| Amounts payable | 17/49 | €241,193 | €162,133 | -€79,060 | -32.8% |
| Amounts payable after more than one year | 17 | €114,002 | €86,491 | -€27,511 | -24.1% |
| Financial debts | 170/4 | €114,002 | €86,491 | -€27,511 | -24.1% |
| Amounts payable within one year | 42/48 | €127,191 | €75,643 | -€51,548 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €56,831 | €27,511 | -€29,320 | -51.6% |
| Financial debts | 43 | €4,377 | €2,598 | -€1,779 | -40.6% |
| Credit institutions | 430/8 | €4,377 | €2,598 | -€1,779 | -40.6% |
| Trade debts | 44 | €1,112 | €136 | -€976 | -87.8% |
| Suppliers | 440/4 | €1,112 | €136 | -€976 | -87.8% |
| Other amounts payable | 47/48 | €64,870 | €45,397 | -€19,474 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,196 | €12,196 | = | 0.0% |
| Other operating charges | 640/8 | €4,794 | €1,997 | -€2,797 | -58.3% |
| Gross operating margin | 9900 | €67,331 | €68,023 | +€692 | +1.0% |
| Operating profit (loss) | 9901 | €50,341 | €53,830 | +€3,489 | +6.9% |
| Financial charges | 65/66B | €14,781 | €5,555 | -€9,226 | -62.4% |
| Recurring financial charges | 65 | €10,580 | €5,555 | -€5,025 | -47.5% |
| Non-recurring financial charges | 66B | €4,202 | - | -€4,202 | |
| Profit (loss) for the period before taxes | 9903 | €35,560 | €48,275 | +€12,716 | +35.8% |
| Income taxes | 67/77 | €6,043 | €15,360 | +€9,317 | +154.2% |
| Profit (loss) for the period | 9904 | €29,517 | €32,915 | +€3,398 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,517 | €32,915 | +€3,398 | +11.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.