ALLAERT: what changed
Two fiscal 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
ALLAERT
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€844,353
2024 · -€2.1m+€1.3m
Equity
€534,108
2024 · €851,722-€317,614
Cash
€69,567
2024 · €165,445-€95,878
Balance sheet total
€8.3m
2024 · €11.4m-€3.1m
Largest movements
Assets
- Tangible fixed assets -€2.0m
down €2.0m (-41.2%), from €4.9m to €2.9m
of which Land and buildings: -€1.4m
- Receivables after one year -€709,387
down €709,387 (-53.0%), from €1.3m to €628,768
- Stocks and contracts -€487,506
down €487,506 (-32.1%), from €1.5m to €1.0m
of which Stocks: -€467,910
- Receivables within one year +€461,199
up €461,199 (+39.5%), from €1.2m to €1.6m
of which Trade receivables: +€470,228
- Financial fixed assets -€203,000
down €203,000 (-9.2%), from €2.2m to €2.0m
of which Affiliated companies: -€203,000
Equity and liabilities
- Reserves -€1.7m
down €1.7m (-60.5%), from €2.8m to €1.1m
of which Tax-exempt reserves: -€1.7m
- Other debts +€1.6m
up €1.6m (+747.0%), from €210,000 to €1.8m
- Trade debts -€1.4m
down €1.4m (-52.3%), from €2.8m to €1.3m
- Advances received -€1.1m
down €1.1m (-52.5%), from €2.2m to €1.0m
- Contributions +€1.0m
up €1.0m (+162.9%), from €614,000 to €1.6m
Income statement
- Turnover -€2.0m
down €2.0m (-16.9%), from €11.6m to €9.6m
- Goods and materials -€908,305
down €908,305 (-12.3%), from €7.4m to €6.5m
of which Purchases: -€1.1m
- Services and other goods -€446,751
down €446,751 (-18.8%), from €2.4m to €1.9m
- Staff costs -€233,496
down €233,496 (-7.2%), from €3.2m to €3.0m
- Financial charges +€208,582
up €208,582 (+79.0%), from €264,168 to €472,750
of which Non-recurring financial charges: +€203,000
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
-€2.1m
Turnover
-€2.0m
Other operating income
-€2,012
Goods and materials
+€908,305
Services and other goods
+€446,751
Staff costs
+€233,496
Depreciation
-€131,753
Write-downs
-€10,721
Provisions
+€25,000
Other operating charges
-€38,971
Other operating items
+€2.0m
Financial income
+€53,409
Financial charges
-€208,582
Taxes
+€2,108
Result 2025
-€844,353
Cash bridge derived
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
-€546,715
Investment
+€1.7m
Financing
-€1.2m
Cash 2024
€165,445
From operations (derived)
-€546,715
Net result for the year
-€844,353
Depreciation
+€619,049
Receivables after one year
+€709,387
Stocks and contracts
+€487,506
Receivables within one year
-€461,199
Deferred charges and accrued income
-€84,199
Trade debts
-€1.4m
Tax, wage and social debts
+€33,374
Advances received
-€1.1m
Other debts
+€1.6m
Accrued charges and deferred income
+€9,143
Investment (derived)
+€1.7m
Investment in fixed assets (net)
+€1.7m
Financing
-€1.2m
Debts after one year
-€430,498
Current portion of long-term debt
-€449,083
Short-term financial debts
-€895,929
Contributions, distributions and other
+€526,739
Cash 2025
€69,567
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,414,467 | €8,348,437 | -€3.1m | -26.9% |
| Fixed assets | 21/28 | €7,201,559 | €4,882,902 | -€2.3m | -32.2% |
| Intangible fixed assets | 21 | €107,308 | €0 | -€107,308 | -100.0% |
| Tangible fixed assets | 22/27 | €4,880,016 | €2,871,667 | -€2.0m | -41.2% |
| Land and buildings | 22 | €3,560,707 | €2,176,969 | -€1.4m | -38.9% |
| Plant, machinery and equipment | 23 | €303,154 | €96,853 | -€206,301 | -68.1% |
| Furniture and vehicles | 24 | €477,145 | €253,535 | -€223,610 | -46.9% |
| Leasing and similar rights | 25 | €84,509 | €139,809 | +€55,300 | +65.4% |
| Other tangible fixed assets | 26 | €454,500 | €204,500 | -€250,000 | -55.0% |
| Financial fixed assets | 28 | €2,214,236 | €2,011,236 | -€203,000 | -9.2% |
| Affiliated companies | 280/1 | €2,214,000 | €2,011,000 | -€203,000 | -9.2% |
| Participating interests | 280 | €2,214,000 | €2,011,000 | -€203,000 | -9.2% |
| Other financial fixed assets | 284/8 | €236 | €236 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €236 | €236 | = | 0.0% |
| Current assets | 29/58 | €4,212,908 | €3,465,534 | -€747,374 | -17.7% |
| Amounts receivable after more than one year | 29 | €1,338,156 | €628,768 | -€709,387 | -53.0% |
| Other amounts receivable | 291 | €1,338,156 | €628,768 | -€709,387 | -53.0% |
| Stocks and contracts in progress | 3 | €1,519,411 | €1,031,905 | -€487,506 | -32.1% |
| Stocks | 30/36 | €989,108 | €521,199 | -€467,910 | -47.3% |
| Raw materials and consumables | 30/31 | €989,108 | €521,199 | -€467,910 | -47.3% |
| Contracts in progress | 37 | €530,303 | €510,706 | -€19,597 | -3.7% |
| Amounts receivable within one year | 40/41 | €1,168,964 | €1,630,163 | +€461,199 | +39.5% |
| Trade receivables | 40 | €662,517 | €1,132,745 | +€470,228 | +71.0% |
| Other amounts receivable | 41 | €506,447 | €497,417 | -€9,029 | -1.8% |
| Cash at bank and in hand | 54/58 | €165,445 | €69,567 | -€95,878 | -58.0% |
| Deferred charges and accrued income | 490/1 | €20,932 | €105,131 | +€84,199 | +402.2% |
| Total equity and liabilities | 10/49 | €11,414,467 | €8,348,437 | -€3.1m | -26.9% |
| Equity | 10/15 | €851,722 | €534,108 | -€317,614 | -37.3% |
| Contributions | 10/11 | €614,000 | €1,614,000 | +€1.0m | +162.9% |
| Capital | 10 | €614,000 | €1,614,000 | +€1.0m | +162.9% |
| Issued capital | 100 | €614,000 | €1,614,000 | +€1.0m | +162.9% |
| Revaluation surpluses | 12 | €1,198,632 | €725,371 | -€473,261 | -39.5% |
| Reserves | 13 | €2,755,350 | €1,088,895 | -€1.7m | -60.5% |
| Non-distributable reserves | 130/1 | €61,400 | €61,400 | = | 0.0% |
| Legal reserve | 130 | €61,400 | €61,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,693,950 | €1,027,495 | -€1.7m | -61.9% |
| Profit (loss) carried forward | 14 | -€3,716,259 | -€2,894,158 | +€822,102 | +22.1% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €10,537,745 | €7,789,329 | -€2.7m | -26.1% |
| Amounts payable after more than one year | 17 | €2,295,530 | €1,865,032 | -€430,498 | -18.8% |
| Financial debts | 170/4 | €1,605,008 | €545,832 | -€1.1m | -66.0% |
| Leasing and similar obligations | 172 | €75,210 | €68,414 | -€6,796 | -9.0% |
| Credit institutions | 173 | €1,033,965 | €158,294 | -€875,671 | -84.7% |
| Other loans | 174 | €495,833 | €319,124 | -€176,709 | -35.6% |
| Other amounts payable | 178/9 | €690,522 | €1,319,200 | +€628,678 | +91.0% |
| Amounts payable within one year | 42/48 | €8,216,777 | €5,889,715 | -€2.3m | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €832,540 | €383,457 | -€449,083 | -53.9% |
| Financial debts | 43 | €1,785,929 | €890,000 | -€895,929 | -50.2% |
| Credit institutions | 430/8 | €1,785,929 | €890,000 | -€895,929 | -50.2% |
| Trade debts | 44 | €2,764,578 | €1,318,677 | -€1.4m | -52.3% |
| Suppliers | 440/4 | €2,764,578 | €1,318,677 | -€1.4m | -52.3% |
| Advances received on contracts in progress | 46 | €2,166,220 | €1,028,042 | -€1.1m | -52.5% |
| Taxes, remuneration and social security | 45 | €457,510 | €490,884 | +€33,374 | +7.3% |
| Taxes | 450/3 | €147,078 | €94,715 | -€52,363 | -35.6% |
| Remuneration and social security | 454/9 | €310,432 | €396,169 | +€85,737 | +27.6% |
| Other amounts payable | 47/48 | €210,000 | €1,778,655 | +€1.6m | +747.0% |
| Accrued charges and deferred income | 492/3 | €25,439 | €34,582 | +€9,143 | +35.9% |
| Operating income | 70/76A | €11,591,108 | €11,959,523 | +€368,415 | +3.2% |
| Turnover | 70 | €11,570,633 | €9,617,698 | -€2.0m | -16.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€206,639 | -€19,597 | +€187,042 | +90.5% |
| Own construction capitalised | 72 | €0 | - | = | |
| Other operating income | 74 | €182,148 | €180,136 | -€2,012 | -1.1% |
| Non-recurring operating income | 76A | €44,966 | €2,181,286 | +€2.1m | +4751.0% |
| Operating charges | 60/66A | €13,579,762 | €12,502,280 | -€1.1m | -7.9% |
| Goods for resale, raw materials and consumables | 60 | €7,390,961 | €6,482,656 | -€908,305 | -12.3% |
| Purchases | 600/8 | €7,160,807 | €6,014,747 | -€1.1m | -16.0% |
| Change in stocks: decrease (increase) | 609 | €230,154 | €467,910 | +€237,756 | +103.3% |
| Services and other goods | 61 | €2,379,105 | €1,932,354 | -€446,751 | -18.8% |
| Remuneration, social security and pensions | 62 | €3,245,028 | €3,011,532 | -€233,496 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487,296 | €619,049 | +€131,753 | +27.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,721 | +€10,721 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,000 | €0 | -€25,000 | -100.0% |
| Other operating charges | 640/8 | €49,357 | €88,327 | +€38,971 | +79.0% |
| Non-recurring operating charges | 66A | €3,015 | €357,641 | +€354,626 | +11762.2% |
| Operating profit (loss) | 9901 | -€1,988,653 | -€542,757 | +€1.4m | +72.7% |
| Financial income | 75/76B | €123,753 | €177,162 | +€53,409 | +43.2% |
| Recurring financial income | 75 | €123,753 | €177,162 | +€53,409 | +43.2% |
| Income from financial fixed assets | 750 | - | €100,419 | +€100,419 | |
| Income from current assets | 751 | €60,876 | €41,139 | -€19,737 | -32.4% |
| Other financial income | 752/9 | €62,877 | €35,604 | -€27,273 | -43.4% |
| Financial charges | 65/66B | €264,168 | €472,750 | +€208,582 | +79.0% |
| Recurring financial charges | 65 | €264,168 | €269,750 | +€5,582 | +2.1% |
| Debt charges | 650 | €173,133 | €213,156 | +€40,023 | +23.1% |
| Other financial charges | 652/9 | €91,035 | €56,594 | -€34,441 | -37.8% |
| Non-recurring financial charges | 66B | - | €203,000 | +€203,000 | |
| Profit (loss) for the period before taxes | 9903 | -€2,129,069 | -€838,345 | +€1.3m | +60.6% |
| Income taxes | 67/77 | €8,116 | €6,008 | -€2,108 | -26.0% |
| Taxes | 670/3 | €8,116 | €6,008 | -€2,108 | -26.0% |
| Profit (loss) for the period | 9904 | -€2,137,185 | -€844,353 | +€1.3m | +60.5% |
| Transfer from tax-exempt reserves | 789 | - | €1,666,455 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,137,185 | €822,102 | +€3.0m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.