ALLAERT & PARTNERS: 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.
ALLAERT & PARTNERS
Largest movements
- Receivables within one year +€57,709
up €57,709 (+10.3%), from €558,267 to €615,975
of which Other amounts receivable: +€73,995
- Cash -€15,184
down €15,184 (-8.6%), from €175,610 to €160,426
mainly Receivables within one year (-€57,709) and Tax, wage and social debts (-€36,504)
- Trade debts +€129,378
up €129,378 (+708%), from €18,270 to €147,649
- Tax, wage and social debts -€36,504
down €36,504 (-13.6%), from €268,014 to €231,510
of which Taxes: -€47,918
- Other debts -€33,199
down €33,199 (-8.2%), from €405,875 to €372,676
- Debts after one year -€28,448
down €28,448 (-79.9%), from €35,591 to €7,143
- Staff costs +€108,694
up €108,694 (+23.0%), from €473,161 to €581,855
- Gross operating margin +€63,366
up €63,366 (+11.3%), from €560,993 to €624,359
- Taxes -€22,825
down €22,825 (-54.4%), from €41,923 to €19,098
- Financial charges -€16,896
down €16,896 (-80.5%), from €20,997 to €4,101
of which Financial charges: -€12,267
- Other operating charges +€13,341
up €13,341 (+281%), from €4,746 to €18,087
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 | €1,083,122 | €1,126,527 | +€43,405 | +4.0% |
| Fixed assets | 21/28 | €153,528 | €148,305 | -€5,224 | -3.4% |
| Tangible fixed assets | 22/27 | €44,628 | €35,355 | -€9,274 | -20.8% |
| Plant, machinery and equipment | 23 | €8,805 | €6,832 | -€1,973 | -22.4% |
| Furniture and vehicles | 24 | €35,823 | €28,523 | -€7,300 | -20.4% |
| Financial fixed assets | 28 | €108,900 | €112,950 | +€4,050 | +3.7% |
| Current assets | 29/58 | €929,593 | €978,222 | +€48,629 | +5.2% |
| Amounts receivable within one year | 40/41 | €558,267 | €615,975 | +€57,709 | +10.3% |
| Trade receivables | 40 | €377,782 | €361,496 | -€16,286 | -4.3% |
| Other amounts receivable | 41 | €180,484 | €254,479 | +€73,995 | +41.0% |
| Current investments | 50/53 | €168,000 | €168,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €175,610 | €160,426 | -€15,184 | -8.6% |
| Deferred charges and accrued income | 490/1 | €27,717 | €33,821 | +€6,104 | +22.0% |
| Total equity and liabilities | 10/49 | €1,083,122 | €1,126,527 | +€43,405 | +4.0% |
| Equity | 10/15 | €325,895 | €335,719 | +€9,824 | +3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €305,895 | €315,719 | +€9,824 | +3.2% |
| Non-distributable reserves | 130/1 | €170,000 | €170,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Own shares acquired | 1312 | €168,000 | €168,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,155 | €9,155 | = | 0.0% |
| Distributable reserves | 133 | €126,740 | €136,564 | +€9,824 | +7.8% |
| Amounts payable | 17/49 | €757,227 | €790,808 | +€33,581 | +4.4% |
| Amounts payable after more than one year | 17 | €35,591 | €7,143 | -€28,448 | -79.9% |
| Financial debts | 170/4 | €35,591 | €7,143 | -€28,448 | -79.9% |
| Amounts payable within one year | 42/48 | €720,407 | €780,282 | +€59,875 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €28,247 | €28,448 | +€200 | +0.7% |
| Trade debts | 44 | €18,270 | €147,649 | +€129,378 | +708% |
| Suppliers | 440/4 | €18,270 | €147,649 | +€129,378 | +708% |
| Taxes, remuneration and social security | 45 | €268,014 | €231,510 | -€36,504 | -13.6% |
| Taxes | 450/3 | €207,810 | €159,893 | -€47,918 | -23.1% |
| Remuneration and social security | 454/9 | €60,204 | €71,617 | +€11,413 | +19.0% |
| Other amounts payable | 47/48 | €405,875 | €372,676 | -€33,199 | -8.2% |
| Accrued charges and deferred income | 492/3 | €1,228 | €3,383 | +€2,154 | +175% |
| Non-recurring operating income | 76A | €13,786 | €0 | -€13,786 | -100% |
| Remuneration, social security and pensions | 62 | €473,161 | €581,855 | +€108,694 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,319 | €11,357 | +€2,038 | +21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€13,103 | -€13,103 | |
| Other operating charges | 640/8 | €4,746 | €18,087 | +€13,341 | +281% |
| Gross operating margin | 9900 | €560,993 | €624,359 | +€63,366 | +11.3% |
| Operating profit (loss) | 9901 | €73,768 | €26,164 | -€47,604 | -64.5% |
| Financial income | 75/76B | €3,160 | €6,859 | +€3,699 | +117% |
| Recurring financial income | 75 | €3,160 | €6,859 | +€3,699 | +117% |
| Financial charges | 65/66B | €20,997 | €4,101 | -€16,896 | -80.5% |
| Recurring financial charges | 65 | €15,571 | €3,304 | -€12,267 | -78.8% |
| Non-recurring financial charges | 66B | €5,426 | €797 | -€4,629 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €55,931 | €28,922 | -€27,009 | -48.3% |
| Income taxes | 67/77 | €41,923 | €19,098 | -€22,825 | -54.4% |
| Profit (loss) for the period | 9904 | €14,008 | €9,824 | -€4,184 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,008 | €9,824 | -€4,184 | -29.9% |
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 30 October 2026 via checked.be.