ALLARD: 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.
ALLARD
Largest movements
- Current investments +€99,000
up €99,000 (+57.4%), from €172,375 to €271,375
- Cash -€74,822
down €74,822 (-55.9%), from €133,851 to €59,028
mainly Current investments (-€99,000) and Investment in fixed assets (net) (-€11,861)
- Tangible fixed assets +€6,426
up €6,426 (+49.5%), from €12,991 to €19,417
of which Furniture and vehicles: +€4,653
- Deferred charges and accrued income -€5,923
down €5,923 (-33.1%), from €17,920 to €11,997
- Receivables within one year +€4,793
up €4,793 (+122.4%), from €3,916 to €8,709
of which Other amounts receivable: +€4,754
- Reserves +€42,119
up €42,119 (+15.7%), from €267,770 to €309,889
of which Distributable reserves: +€42,119
- Other debts -€9,082
down €9,082 (-15.9%), from €56,997 to €47,916
- Trade debts -€4,613
down €4,613 (-66.6%), from €6,926 to €2,312
- Gross operating margin +€9,298
up €9,298 (+14.8%), from €62,766 to €72,064
- Financial charges -€2,294
down €2,294 (-38.7%), from €5,932 to €3,639
- Taxes +€1,550
up €1,550 (+7.8%), from €19,848 to €21,399
- Depreciation +€855
up €855 (+18.1%), from €4,716 to €5,571
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,189 | €370,526 | +€29,337 | +8.6% |
| Fixed assets | 21/28 | €13,127 | €19,417 | +€6,290 | +47.9% |
| Tangible fixed assets | 22/27 | €12,991 | €19,417 | +€6,426 | +49.5% |
| Plant, machinery and equipment | 23 | €1,445 | €896 | -€549 | -38.0% |
| Furniture and vehicles | 24 | €1,502 | €6,155 | +€4,653 | +309.9% |
| Other tangible fixed assets | 26 | €10,044 | €12,366 | +€2,322 | +23.1% |
| Financial fixed assets | 28 | €136 | - | -€136 | |
| Current assets | 29/58 | €328,062 | €351,109 | +€23,047 | +7.0% |
| Amounts receivable within one year | 40/41 | €3,916 | €8,709 | +€4,793 | +122.4% |
| Trade receivables | 40 | €408 | €446 | +€38 | +9.4% |
| Other amounts receivable | 41 | €3,508 | €8,262 | +€4,754 | +135.5% |
| Current investments | 50/53 | €172,375 | €271,375 | +€99,000 | +57.4% |
| Cash at bank and in hand | 54/58 | €133,851 | €59,028 | -€74,822 | -55.9% |
| Deferred charges and accrued income | 490/1 | €17,920 | €11,997 | -€5,923 | -33.1% |
| Total equity and liabilities | 10/49 | €341,189 | €370,526 | +€29,337 | +8.6% |
| Equity | 10/15 | €273,967 | €316,086 | +€42,119 | +15.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €267,770 | €309,889 | +€42,119 | +15.7% |
| Tax-exempt reserves | 132 | €3,766 | €3,766 | = | 0.0% |
| Distributable reserves | 133 | €264,004 | €306,123 | +€42,119 | +16.0% |
| Amounts payable | 17/49 | €67,222 | €54,440 | -€12,782 | -19.0% |
| Amounts payable within one year | 42/48 | €67,222 | €54,440 | -€12,782 | -19.0% |
| Trade debts | 44 | €6,926 | €2,312 | -€4,613 | -66.6% |
| Suppliers | 440/4 | €6,926 | €2,312 | -€4,613 | -66.6% |
| Taxes, remuneration and social security | 45 | €3,299 | €4,212 | +€913 | +27.7% |
| Taxes | 450/3 | €3,299 | €4,212 | +€913 | +27.7% |
| Other amounts payable | 47/48 | €56,997 | €47,916 | -€9,082 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,716 | €5,571 | +€855 | +18.1% |
| Other operating charges | 640/8 | - | €136 | +€136 | |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €62,766 | €72,064 | +€9,298 | +14.8% |
| Operating profit (loss) | 9901 | €57,950 | €66,357 | +€8,407 | +14.5% |
| Financial income | 75/76B | €818 | €799 | -€19 | -2.3% |
| Recurring financial income | 75 | €818 | €799 | -€19 | -2.3% |
| Financial charges | 65/66B | €5,932 | €3,639 | -€2,294 | -38.7% |
| Recurring financial charges | 65 | €5,932 | €3,639 | -€2,294 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €52,836 | €63,518 | +€10,682 | +20.2% |
| Income taxes | 67/77 | €19,848 | €21,399 | +€1,550 | +7.8% |
| Profit (loss) for the period | 9904 | €32,987 | €42,119 | +€9,132 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,987 | €42,119 | +€9,132 | +27.7% |
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 9 October 2026 via checked.be.