ALDRIN: 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.
ALDRIN
Largest movements
- Receivables within one year +€33,424
up €33,424 (+21.6%), from €154,746 to €188,170
of which Trade receivables: +€35,968
- Tangible fixed assets -€32,997
down €32,997 (-8.8%), from €376,628 to €343,631
- Cash -€22,431
down €22,431 (-27.5%), from €81,644 to €59,212
mainly Receivables within one year (-€33,424) and Debts after one year (-€25,760)
- Profit (loss) carried forward +€35,968
up €35,968 (+65.9%), from -€54,609 to -€18,641
- Debts after one year -€25,760
down €25,760 (-15.7%), from €163,785 to €138,025
- Tax, wage and social debts -€14,707
down €14,707 (-15.8%), from €93,234 to €78,527
of which Remuneration and social security: -€9,350
- Current portion of long-term debt -€11,673
down €11,673 (-5.6%), from €206,644 to €194,971
- Trade debts -€8,523
down €8,523 (-4.5%), from €189,671 to €181,147
- Staff costs -€199,315
down €199,315 (-42.8%), from €465,423 to €266,108
- Gross operating margin -€74,555
down €74,555 (-18.0%), from €413,419 to €338,864
- Financial income +€12,502
new in 2025: €12,502
- Other operating charges -€11,411
down €11,411 (-82.5%), from €13,838 to €2,427
- Depreciation -€6,996
down €6,996 (-17.5%), from €39,938 to €32,942
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 | €620,979 | €596,519 | -€24,461 | -3.9% |
| Fixed assets | 21/28 | €376,628 | €343,631 | -€32,997 | -8.8% |
| Tangible fixed assets | 22/27 | €376,628 | €343,631 | -€32,997 | -8.8% |
| Land and buildings | 22 | €310,041 | €300,500 | -€9,540 | -3.1% |
| Plant, machinery and equipment | 23 | €36,903 | €26,285 | -€10,618 | -28.8% |
| Furniture and vehicles | 24 | €15,931 | €6,806 | -€9,126 | -57.3% |
| Other tangible fixed assets | 26 | €13,753 | €10,040 | -€3,712 | -27.0% |
| Current assets | 29/58 | €244,352 | €252,887 | +€8,536 | +3.5% |
| Amounts receivable within one year | 40/41 | €154,746 | €188,170 | +€33,424 | +21.6% |
| Trade receivables | 40 | €152,179 | €188,147 | +€35,968 | +23.6% |
| Other amounts receivable | 41 | €2,567 | €23 | -€2,543 | -99.1% |
| Cash at bank and in hand | 54/58 | €81,644 | €59,212 | -€22,431 | -27.5% |
| Deferred charges and accrued income | 490/1 | €7,962 | €5,505 | -€2,457 | -30.9% |
| Total equity and liabilities | 10/49 | €620,979 | €596,519 | -€24,461 | -3.9% |
| Equity | 10/15 | -€34,149 | €1,819 | +€35,968 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,609 | -€18,641 | +€35,968 | +65.9% |
| Amounts payable | 17/49 | €655,129 | €594,700 | -€60,429 | -9.2% |
| Amounts payable after more than one year | 17 | €163,785 | €138,025 | -€25,760 | -15.7% |
| Financial debts | 170/4 | €163,785 | €138,025 | -€25,760 | -15.7% |
| Amounts payable within one year | 42/48 | €491,343 | €456,440 | -€34,903 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €206,644 | €194,971 | -€11,673 | -5.6% |
| Trade debts | 44 | €189,671 | €181,147 | -€8,523 | -4.5% |
| Suppliers | 440/4 | €189,671 | €181,147 | -€8,523 | -4.5% |
| Taxes, remuneration and social security | 45 | €93,234 | €78,527 | -€14,707 | -15.8% |
| Taxes | 450/3 | €57,737 | €52,380 | -€5,357 | -9.3% |
| Remuneration and social security | 454/9 | €35,497 | €26,147 | -€9,350 | -26.3% |
| Other amounts payable | 47/48 | €1,794 | €1,794 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €235 | +€235 | |
| Non-recurring operating income | 76A | - | €8,294 | +€8,294 | |
| Remuneration, social security and pensions | 62 | €465,423 | €266,108 | -€199,315 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,938 | €32,942 | -€6,996 | -17.5% |
| Other operating charges | 640/8 | €13,838 | €2,427 | -€11,411 | -82.5% |
| Non-recurring operating charges | 66A | - | €1,737 | +€1,737 | |
| Gross operating margin | 9900 | €413,419 | €338,864 | -€74,555 | -18.0% |
| Operating profit (loss) | 9901 | -€105,780 | €35,651 | +€141,431 | |
| Financial income | 75/76B | - | €12,502 | +€12,502 | |
| Recurring financial income | 75 | - | €12,502 | +€12,502 | |
| Financial charges | 65/66B | €15,083 | €11,977 | -€3,106 | -20.6% |
| Recurring financial charges | 65 | €15,083 | €11,977 | -€3,106 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€120,863 | €36,176 | +€157,039 | |
| Income taxes | 67/77 | €375 | €208 | -€167 | -44.4% |
| Profit (loss) for the period | 9904 | -€121,238 | €35,968 | +€157,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€121,238 | €35,968 | +€157,206 |
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 17 October 2026 via checked.be.