ALDUVA: 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.
ALDUVA
Largest movements
- Cash +€270,143
up €270,143 (+191%), from €141,429 to €411,572
mainly Net result for the year (+€702,342) and Other debts (+€222,300)
- Tangible fixed assets -€82,384
down €82,384 (-6.2%), from €1.3m to €1.2m
- Receivables within one year -€30,574
down €30,574 (-46.4%), from €65,923 to €35,350
of which Other amounts receivable: -€31,426
- Intangible fixed assets -€22,750
down €22,750 (-27.5%), from €82,750 to €60,000
- Other debts +€222,300
up €222,300 (+46.1%), from €481,712 to €704,012
- Debts after one year -€117,414
down €117,414 (-12.1%), from €970,203 to €852,789
- Tax, wage and social debts +€25,815
up €25,815 (+70.9%), from €36,429 to €62,244
of which Remuneration and social security: +€25,315
- Gross operating margin +€161,514
up €161,514 (+14.7%), from €1.1m to €1.3m
- Staff costs -€17,806
down €17,806 (-4.8%), from €368,862 to €351,055
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 | €1,794,919 | €1,924,205 | +€129,286 | +7.2% |
| Fixed assets | 21/28 | €1,409,448 | €1,304,314 | -€105,134 | -7.5% |
| Intangible fixed assets | 21 | €82,750 | €60,000 | -€22,750 | -27.5% |
| Tangible fixed assets | 22/27 | €1,326,698 | €1,244,314 | -€82,384 | -6.2% |
| Land and buildings | 22 | €705,574 | €670,673 | -€34,900 | -4.9% |
| Plant, machinery and equipment | 23 | €505,906 | €471,642 | -€34,263 | -6.8% |
| Furniture and vehicles | 24 | €115,219 | €101,998 | -€13,221 | -11.5% |
| Current assets | 29/58 | €385,471 | €619,892 | +€234,420 | +60.8% |
| Amounts receivable within one year | 40/41 | €65,923 | €35,350 | -€30,574 | -46.4% |
| Trade receivables | 40 | €798 | €1,650 | +€852 | +107% |
| Other amounts receivable | 41 | €65,125 | €33,699 | -€31,426 | -48.3% |
| Current investments | 50/53 | €90,000 | €90,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €141,429 | €411,572 | +€270,143 | +191% |
| Deferred charges and accrued income | 490/1 | €88,120 | €82,971 | -€5,149 | -5.8% |
| Total equity and liabilities | 10/49 | €1,794,919 | €1,924,205 | +€129,286 | +7.2% |
| Equity | 10/15 | €160,908 | €159,283 | -€1,626 | -1.0% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €60,795 | €60,795 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,435 | €1,435 | = | 0.0% |
| Distributable reserves | 133 | €59,360 | €59,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,513 | €4,887 | -€1,626 | -25.0% |
| Amounts payable | 17/49 | €1,634,011 | €1,764,923 | +€130,912 | +8.0% |
| Amounts payable after more than one year | 17 | €970,203 | €852,789 | -€117,414 | -12.1% |
| Financial debts | 170/4 | €970,203 | €852,789 | -€117,414 | -12.1% |
| Amounts payable within one year | 42/48 | €663,808 | €912,134 | +€248,326 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €116,552 | €117,414 | +€862 | +0.7% |
| Trade debts | 44 | €28,286 | €27,635 | -€651 | -2.3% |
| Suppliers | 440/4 | €28,286 | €27,635 | -€651 | -2.3% |
| Advances received on contracts in progress | 46 | €829 | €829 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €36,429 | €62,244 | +€25,815 | +70.9% |
| Taxes | 450/3 | - | €500 | +€500 | |
| Remuneration and social security | 454/9 | €36,429 | €61,744 | +€25,315 | +69.5% |
| Other amounts payable | 47/48 | €481,712 | €704,012 | +€222,300 | +46.1% |
| Non-recurring operating income | 76A | €15,108 | - | -€15,108 | |
| Remuneration, social security and pensions | 62 | €368,862 | €351,055 | -€17,806 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,937 | €155,198 | +€8,261 | +5.6% |
| Other operating charges | 640/8 | €6,033 | €8,700 | +€2,667 | +44.2% |
| Gross operating margin | 9900 | €1,100,008 | €1,261,522 | +€161,514 | +14.7% |
| Operating profit (loss) | 9901 | €578,177 | €746,569 | +€168,392 | +29.1% |
| Financial income | 75/76B | €3,420 | €5,151 | +€1,731 | +50.6% |
| Recurring financial income | 75 | €3,420 | €5,151 | +€1,731 | +50.6% |
| Financial charges | 65/66B | €18,253 | €17,110 | -€1,143 | -6.3% |
| Recurring financial charges | 65 | €18,253 | €17,110 | -€1,143 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €563,344 | €734,610 | +€171,267 | +30.4% |
| Income taxes | 67/77 | €25,690 | €32,268 | +€6,578 | +25.6% |
| Profit (loss) for the period | 9904 | €537,654 | €702,342 | +€164,689 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €537,654 | €702,342 | +€164,689 | +30.6% |
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 20 October 2026 via checked.be.