ALINDUS: 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.
What changed
ALINDUS
NACE 80.010, Investigation and private security services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€256,479
2024 · €209,519+€46,960
Equity
€829,699
2024 · €923,221-€93,521
Cash
€666,961
2024 · €678,282-€11,321
Balance sheet total
€1.5m
2024 · €1.6m-€79,389
Largest movements
Assets
- Stocks and contracts -€38,957
down €38,957 (-9.8%), from €395,778 to €356,821
- Receivables within one year -€20,602
down €20,602 (-4.9%), from €418,771 to €398,168
of which Trade receivables: -€19,204
Equity and liabilities
- Reserves -€93,521
down €93,521 (-10.4%), from €898,221 to €804,699
of which Distributable reserves: -€93,521
- Accrued charges and deferred income +€28,372
up €28,372 (+13,399%), from €212 to €28,583
Income statement
- Staff costs -€37,174
down €37,174 (-9.6%), from €386,408 to €349,234
- Write-downs -€21,505
down €21,505, from €15,337 to -€6,167
- Taxes +€16,211
up €16,211 (+22.0%), from €73,642 to €89,853
- Gross operating margin +€8,287
up €8,287 (+1.1%), from €729,698 to €737,985
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.
Result 2024
€209,519
Gross operating margin
+€8,287
Staff costs
+€37,174
Depreciation
+€3,021
Write-downs
+€21,505
Other operating charges
-€704
Financial income
-€4,780
Financial charges
-€1,332
Taxes
-€16,211
Result 2025
€256,479
raises the resultlowers the result
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.
From operations
+€345,296
Investment
-€6,616
Financing
-€350,000
Cash 2024
€678,282
From operations (derived)
+€345,296
Net result for the year
+€256,479
Depreciation
+€15,580
Receivables after one year
+€3,250
Stocks and contracts
+€38,957
Receivables within one year
+€20,602
Deferred charges and accrued income
-€3,704
Trade debts
-€14,724
Tax, wage and social debts
+€484
Accrued charges and deferred income
+€28,372
Investment (derived)
-€6,616
Investment in fixed assets (net)
-€6,616
Financing
-€350,000
Contributions, distributions and other
-€350,000
Cash 2025
€666,961
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,575,171 | €1,495,781 | -€79,389 | -5.0% |
| Fixed assets | 21/28 | €70,795 | €61,832 | -€8,964 | -12.7% |
| Intangible fixed assets | 21 | €866 | €400 | -€466 | -53.8% |
| Tangible fixed assets | 22/27 | €69,930 | €61,432 | -€8,498 | -12.2% |
| Land and buildings | 22 | €52,553 | €45,170 | -€7,382 | -14.0% |
| Plant, machinery and equipment | 23 | €9,832 | €11,995 | +€2,163 | +22.0% |
| Furniture and vehicles | 24 | €7,545 | €4,267 | -€3,279 | -43.5% |
| Current assets | 29/58 | €1,504,375 | €1,433,950 | -€70,426 | -4.7% |
| Amounts receivable after more than one year | 29 | €5,750 | €2,500 | -€3,250 | -56.5% |
| Other amounts receivable | 291 | €5,750 | €2,500 | -€3,250 | -56.5% |
| Stocks and contracts in progress | 3 | €395,778 | €356,821 | -€38,957 | -9.8% |
| Stocks | 30/36 | €395,778 | €356,821 | -€38,957 | -9.8% |
| Amounts receivable within one year | 40/41 | €418,771 | €398,168 | -€20,602 | -4.9% |
| Trade receivables | 40 | €385,020 | €365,816 | -€19,204 | -5.0% |
| Other amounts receivable | 41 | €33,750 | €32,352 | -€1,398 | -4.1% |
| Cash at bank and in hand | 54/58 | €678,282 | €666,961 | -€11,321 | -1.7% |
| Deferred charges and accrued income | 490/1 | €5,795 | €9,499 | +€3,704 | +63.9% |
| Total equity and liabilities | 10/49 | €1,575,171 | €1,495,781 | -€79,389 | -5.0% |
| Equity | 10/15 | €923,221 | €829,699 | -€93,521 | -10.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €898,221 | €804,699 | -€93,521 | -10.4% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €860,721 | €767,199 | -€93,521 | -10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €651,950 | €666,082 | +€14,132 | +2.2% |
| Amounts payable within one year | 42/48 | €651,738 | €637,499 | -€14,239 | -2.2% |
| Trade debts | 44 | €213,588 | €198,864 | -€14,724 | -6.9% |
| Suppliers | 440/4 | €213,588 | €198,864 | -€14,724 | -6.9% |
| Taxes, remuneration and social security | 45 | €88,151 | €88,635 | +€484 | +0.5% |
| Taxes | 450/3 | €45,142 | €40,164 | -€4,978 | -11.0% |
| Remuneration and social security | 454/9 | €43,008 | €48,471 | +€5,463 | +12.7% |
| Other amounts payable | 47/48 | €350,000 | €350,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €212 | €28,583 | +€28,372 | +13,399% |
| Non-recurring operating income | 76A | €6,237 | €0 | -€6,237 | -100% |
| Remuneration, social security and pensions | 62 | €386,408 | €349,234 | -€37,174 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,600 | €15,580 | -€3,021 | -16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,337 | -€6,167 | -€21,505 | |
| Other operating charges | 640/8 | €9,342 | €10,045 | +€704 | +7.5% |
| Gross operating margin | 9900 | €729,698 | €737,985 | +€8,287 | +1.1% |
| Operating profit (loss) | 9901 | €300,010 | €369,293 | +€69,283 | +23.1% |
| Financial income | 75/76B | €6,864 | €2,084 | -€4,780 | -69.6% |
| Recurring financial income | 75 | €6,864 | €2,084 | -€4,780 | -69.6% |
| Financial charges | 65/66B | €23,713 | €25,045 | +€1,332 | +5.6% |
| Recurring financial charges | 65 | €23,713 | €25,045 | +€1,332 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €283,161 | €346,332 | +€63,171 | +22.3% |
| Income taxes | 67/77 | €73,642 | €89,853 | +€16,211 | +22.0% |
| Profit (loss) for the period | 9904 | €209,519 | €256,479 | +€46,960 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €209,519 | €256,479 | +€46,960 | +22.4% |
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.