ALNADERM: 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.
ALNADERM
Largest movements
- Cash +€19,424
up €19,424 (+27.9%), from €69,622 to €89,046
mainly Net result for the year (+€70,057) and Other debts (+€19,102)
- Tangible fixed assets -€15,754
down €15,754 (-34.4%), from €45,832 to €30,078
of which Furniture and vehicles: -€8,164
- Receivables within one year +€2,111
up €2,111 (+57.0%), from €3,703 to €5,814
of which Trade receivables: +€2,471
- Deferred charges and accrued income +€2,000
up €2,000 (+28.3%), from €7,060 to €9,059
- Other debts +€19,102
up €19,102 (+21.5%), from €88,969 to €108,071
- Tax, wage and social debts -€11,616
no longer reported in 2025 (was €11,616)
- Trade debts +€6,288
up €6,288 (+640%), from €982 to €7,270
- Accrued charges and deferred income -€6,050
no longer reported in 2025 (was €6,050)
- Gross operating margin -€8,803
down €8,803 (-7.3%), from €120,318 to €111,515
- Taxes -€2,244
down €2,244 (-8.7%), from €25,901 to €23,657
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 | €126,217 | €133,998 | +€7,781 | +6.2% |
| Fixed assets | 21/28 | €45,832 | €30,078 | -€15,754 | -34.4% |
| Tangible fixed assets | 22/27 | €45,832 | €30,078 | -€15,754 | -34.4% |
| Plant, machinery and equipment | 23 | €3,143 | €1,703 | -€1,440 | -45.8% |
| Furniture and vehicles | 24 | €23,015 | €14,851 | -€8,164 | -35.5% |
| Other tangible fixed assets | 26 | €19,674 | €13,524 | -€6,150 | -31.3% |
| Current assets | 29/58 | €80,385 | €103,920 | +€23,535 | +29.3% |
| Amounts receivable within one year | 40/41 | €3,703 | €5,814 | +€2,111 | +57.0% |
| Trade receivables | 40 | - | €2,471 | +€2,471 | |
| Other amounts receivable | 41 | €3,703 | €3,343 | -€360 | -9.7% |
| Cash at bank and in hand | 54/58 | €69,622 | €89,046 | +€19,424 | +27.9% |
| Deferred charges and accrued income | 490/1 | €7,060 | €9,059 | +€2,000 | +28.3% |
| Total equity and liabilities | 10/49 | €126,217 | €133,998 | +€7,781 | +6.2% |
| Equity | 10/15 | €18,600 | €18,657 | +€57 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €57 | +€57 | |
| Distributable reserves | 133 | - | €57 | +€57 | |
| Amounts payable | 17/49 | €107,617 | €115,341 | +€7,724 | +7.2% |
| Amounts payable within one year | 42/48 | €101,568 | €115,341 | +€13,774 | +13.6% |
| Trade debts | 44 | €982 | €7,270 | +€6,288 | +640% |
| Suppliers | 440/4 | €982 | €7,270 | +€6,288 | +640% |
| Taxes, remuneration and social security | 45 | €11,616 | - | -€11,616 | |
| Taxes | 450/3 | €11,616 | - | -€11,616 | |
| Other amounts payable | 47/48 | €88,969 | €108,071 | +€19,102 | +21.5% |
| Accrued charges and deferred income | 492/3 | €6,050 | - | -€6,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,849 | €16,793 | -€56 | -0.3% |
| Other operating charges | 640/8 | - | €871 | +€871 | |
| Gross operating margin | 9900 | €120,318 | €111,515 | -€8,803 | -7.3% |
| Operating profit (loss) | 9901 | €103,468 | €93,851 | -€9,618 | -9.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €125 | €138 | +€13 | +10.8% |
| Recurring financial charges | 65 | €125 | €138 | +€13 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €103,344 | €93,714 | -€9,630 | -9.3% |
| Income taxes | 67/77 | €25,901 | €23,657 | -€2,244 | -8.7% |
| Profit (loss) for the period | 9904 | €77,443 | €70,057 | -€7,386 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,443 | €70,057 | -€7,386 | -9.5% |
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 24 October 2026 via checked.be.