ALLAERT CLASSICS: 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 CLASSICS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€803,946
2024 · -€175,206+€979,152
Equity
€2.2m
2024 · €1.5m+€703,506
Cash
€7,474
2024 · €11,257-€3,783
Balance sheet total
€5.0m
2024 · €5.1m-€98,941
Largest movements
Assets
- Stocks and contracts -€1.2m
down €1.2m (-33.8%), from €3.7m to €2.4m
- Receivables after one year +€931,634
new in 2025: €931,634
- Tangible fixed assets +€206,223
up €206,223 (+14.4%), from €1.4m to €1.6m
of which Land and buildings: +€204,294
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-70.4%), from €1.5m to €449,284
- Profit (loss) carried forward +€703,506
up €703,506, from -€703,506 to €0
- Other debts +€221,998
up €221,998 (+3724.1%), from €5,961 to €227,960
- Tax, wage and social debts +€68,988
new in 2025: €68,988
Income statement
- Gross operating margin +€1.1m
up €1.1m (+9543.7%), from €11,393 to €1.1m
- Taxes +€68,988
new in 2025: €68,988
- Financial charges -€25,311
down €25,311 (-17.9%), from €141,512 to €116,201
- Financial income +€18,118
up €18,118 (+3471.4%), from €522 to €18,640
- Depreciation +€13,698
up €13,698 (+38.6%), from €35,463 to €49,161
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
-€175,206
Gross operating margin
+€1.1m
Depreciation
-€13,698
Write-downs
-€479
Other operating charges
+€580
Other operating items
-€69,019
Financial income
+€18,118
Financial charges
+€25,311
Taxes
-€68,988
Result 2025
€803,946
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
+€1.4m
Investment
-€255,383
Financing
-€1.1m
Cash 2024
€11,257
From operations (derived)
+€1.4m
Net result for the year
+€803,946
Depreciation
+€49,161
Receivables after one year
-€931,634
Stocks and contracts
+€1.2m
Smaller working-capital items
+€3,141
Deferred charges and accrued income
-€7,409
Trade debts
-€51,029
Tax, wage and social debts
+€68,988
Other debts
+€221,998
Accrued charges and deferred income
+€4,047
Investment (derived)
-€255,383
Investment in fixed assets (net)
-€255,383
Financing
-€1.1m
Debts after one year
-€1.1m
Current portion of long-term debt
+€1,188
Short-term financial debts
+€20,000
Contributions, distributions and other
-€100,441
Cash 2025
€7,474
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,147,567 | €5,048,626 | -€98,941 | -1.9% |
| Fixed assets | 21/28 | €1,433,779 | €1,640,002 | +€206,223 | +14.4% |
| Tangible fixed assets | 22/27 | €1,433,779 | €1,640,002 | +€206,223 | +14.4% |
| Land and buildings | 22 | €1,433,779 | €1,638,073 | +€204,294 | +14.2% |
| Plant, machinery and equipment | 23 | - | €1,929 | +€1,929 | |
| Current assets | 29/58 | €3,713,788 | €3,408,624 | -€305,164 | -8.2% |
| Amounts receivable after more than one year | 29 | - | €931,634 | +€931,634 | |
| Other amounts receivable | 291 | - | €931,634 | +€931,634 | |
| Stocks and contracts in progress | 3 | €3,665,601 | €2,427,903 | -€1.2m | -33.8% |
| Stocks | 30/36 | €3,665,601 | €2,427,903 | -€1.2m | -33.8% |
| Amounts receivable within one year | 40/41 | €32,664 | €29,938 | -€2,726 | -8.3% |
| Trade receivables | 40 | €18,081 | €3,878 | -€14,203 | -78.5% |
| Other amounts receivable | 41 | €14,583 | €26,060 | +€11,477 | +78.7% |
| Cash at bank and in hand | 54/58 | €11,257 | €7,474 | -€3,783 | -33.6% |
| Deferred charges and accrued income | 490/1 | €4,266 | €11,675 | +€7,409 | +173.7% |
| Total equity and liabilities | 10/49 | €5,147,567 | €5,048,626 | -€98,941 | -1.9% |
| Equity | 10/15 | €1,511,494 | €2,215,000 | +€703,506 | +46.5% |
| Contributions | 10/11 | €2,215,000 | €2,215,000 | = | 0.0% |
| Capital | 10 | €2,215,000 | €2,215,000 | = | 0.0% |
| Issued capital | 100 | €2,215,000 | €2,215,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€703,506 | €0 | +€703,506 | |
| Amounts payable | 17/49 | €3,636,073 | €2,833,626 | -€802,447 | -22.1% |
| Amounts payable after more than one year | 17 | €1,517,338 | €449,284 | -€1.1m | -70.4% |
| Financial debts | 170/4 | €1,517,338 | €449,284 | -€1.1m | -70.4% |
| Amounts payable within one year | 42/48 | €2,106,780 | €2,368,340 | +€261,560 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €66,175 | €67,363 | +€1,188 | +1.8% |
| Financial debts | 43 | €1,955,000 | €1,975,000 | +€20,000 | +1.0% |
| Credit institutions | 430/8 | €1,955,000 | €1,975,000 | +€20,000 | +1.0% |
| Trade debts | 44 | €79,644 | €28,614 | -€51,029 | -64.1% |
| Suppliers | 440/4 | €79,644 | €28,614 | -€51,029 | -64.1% |
| Advances received on contracts in progress | 46 | €0 | €415 | +€415 | |
| Taxes, remuneration and social security | 45 | - | €68,988 | +€68,988 | |
| Taxes | 450/3 | - | €68,988 | +€68,988 | |
| Other amounts payable | 47/48 | €5,961 | €227,960 | +€221,998 | +3724.1% |
| Accrued charges and deferred income | 492/3 | €11,955 | €16,002 | +€4,047 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,463 | €49,161 | +€13,698 | +38.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€479 | €0 | +€479 | |
| Other operating charges | 640/8 | €10,625 | €10,045 | -€580 | -5.5% |
| Non-recurring operating charges | 66A | - | €69,019 | +€69,019 | |
| Gross operating margin | 9900 | €11,393 | €1,098,720 | +€1.1m | +9543.7% |
| Operating profit (loss) | 9901 | -€34,216 | €970,495 | +€1.0m | |
| Financial income | 75/76B | €522 | €18,640 | +€18,118 | +3471.4% |
| Recurring financial income | 75 | €522 | €18,640 | +€18,118 | +3471.4% |
| Financial charges | 65/66B | €141,512 | €116,201 | -€25,311 | -17.9% |
| Recurring financial charges | 65 | €141,512 | €116,201 | -€25,311 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€175,206 | €872,934 | +€1.0m | |
| Income taxes | 67/77 | - | €68,988 | +€68,988 | |
| Profit (loss) for the period | 9904 | -€175,206 | €803,946 | +€979,152 | |
| Profit (loss) for the period to be appropriated | 9905 | -€175,206 | €803,946 | +€979,152 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.