ALUDES: 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.
ALUDES
Largest movements
- Tangible fixed assets -€10,752
down €10,752 (-3.8%), from €286,286 to €275,534
of which Other tangible fixed assets: -€6,963
- Cash -€5,390
down €5,390 (-65.9%), from €8,181 to €2,791
mainly Net result for the year (-€21,845)
- Profit (loss) carried forward -€21,845
down €21,845, from €1,056 to -€20,789
- Accrued charges and deferred income +€3,044
up €3,044 (+34.9%), from €8,716 to €11,760
- Gross operating margin -€12,787
down €12,787, from €11,000 to -€1,787
- Turnover -€11,456
down €11,456 (-43.3%), from €26,466 to €15,010
- Purchases and services +€2,428
up €2,428 (+7.2%), from €33,718 to €36,146
- Financial charges -€1,682
down €1,682 (-21.2%), from €7,937 to €6,255
- Other operating charges +€290
up €290 (+11.1%), from €2,621 to €2,911
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 | €298,910 | €282,290 | -€16,621 | -5.6% |
| Fixed assets | 21/28 | €287,230 | €276,477 | -€10,752 | -3.7% |
| Tangible fixed assets | 22/27 | €286,286 | €275,534 | -€10,752 | -3.8% |
| Land and buildings | 22 | €57,901 | €55,846 | -€2,055 | -3.5% |
| Plant, machinery and equipment | 23 | €9,500 | €7,766 | -€1,735 | -18.3% |
| Other tangible fixed assets | 26 | €218,885 | €211,923 | -€6,963 | -3.2% |
| Financial fixed assets | 28 | €943 | €943 | = | 0.0% |
| Current assets | 29/58 | €11,681 | €5,812 | -€5,868 | -50.2% |
| Amounts receivable within one year | 40/41 | €3,500 | €3,022 | -€478 | -13.7% |
| Trade receivables | 40 | €3,500 | €3,022 | -€478 | -13.7% |
| Cash at bank and in hand | 54/58 | €8,181 | €2,791 | -€5,390 | -65.9% |
| Total equity and liabilities | 10/49 | €298,910 | €282,290 | -€16,621 | -5.6% |
| Equity | 10/15 | €87,717 | €65,872 | -€21,845 | -24.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €26,661 | €26,661 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,550 | €16,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,550 | €16,550 | = | 0.0% |
| Distributable reserves | 133 | €10,111 | €10,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,056 | -€20,789 | -€21,845 | |
| Amounts payable | 17/49 | €211,193 | €216,418 | +€5,225 | +2.5% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,477 | €104,658 | +€2,181 | +2.1% |
| Trade debts | 44 | €1,869 | €3,650 | +€1,781 | +95.3% |
| Suppliers | 440/4 | €1,869 | €3,650 | +€1,781 | +95.3% |
| Taxes, remuneration and social security | 45 | €608 | €1,008 | +€400 | +65.8% |
| Taxes | 450/3 | €608 | €1,008 | +€400 | +65.8% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,716 | €11,760 | +€3,044 | +34.9% |
| Turnover | 70 | €26,466 | €15,010 | -€11,456 | -43.3% |
| Non-recurring operating income | 76A | €18,252 | €19,350 | +€1,098 | +6.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €33,718 | €36,146 | +€2,428 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,990 | €10,752 | -€238 | -2.2% |
| Other operating charges | 640/8 | €2,621 | €2,911 | +€290 | +11.1% |
| Gross operating margin | 9900 | €11,000 | -€1,787 | -€12,787 | |
| Operating profit (loss) | 9901 | -€2,612 | -€15,451 | -€12,839 | -492% |
| Financial charges | 65/66B | €7,937 | €6,255 | -€1,682 | -21.2% |
| Recurring financial charges | 65 | €7,937 | €6,255 | -€1,682 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,549 | -€21,706 | -€11,157 | -106% |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | -€10,681 | -€21,845 | -€11,165 | -105% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,681 | -€21,845 | -€11,165 | -105% |
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.