ALLARD: 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.
ALLARD
Largest movements
- Cash -€216,922
down €216,922 (-49.6%), from €437,128 to €220,206
mainly Current investments (-€99,302) and Other debts (-€59,108)
- Current investments +€99,302
new in 2025: €99,302
- Tangible fixed assets +€15,431
up €15,431 (+7.5%), from €204,433 to €219,865
of which Furniture and vehicles: +€19,338
- Receivables within one year +€8,915
up €8,915 (+29.2%), from €30,555 to €39,470
of which Trade receivables: +€13,697
- Other debts -€59,108
down €59,108 (-89.1%), from €66,365 to €7,257
- Profit (loss) carried forward -€21,218
new in 2025: -€21,218
- Trade debts -€12,762
down €12,762 (-65.7%), from €19,430 to €6,668
- Gross operating margin -€470,089
down €470,089 (-98.9%), from €475,345 to €5,256
- Taxes -€153,506
down €153,506 (-99.2%), from €154,712 to €1,206
- Depreciation +€6,928
up €6,928 (+48.3%), from €14,340 to €21,269
- Financial charges -€6,545
down €6,545 (-69.9%), from €9,366 to €2,821
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 | €676,881 | €581,342 | -€95,539 | -14.1% |
| Fixed assets | 21/28 | €206,933 | €222,365 | +€15,431 | +7.5% |
| Tangible fixed assets | 22/27 | €204,433 | €219,865 | +€15,431 | +7.5% |
| Land and buildings | 22 | €202,741 | €199,010 | -€3,732 | -1.8% |
| Plant, machinery and equipment | 23 | €245 | €70 | -€175 | -71.6% |
| Furniture and vehicles | 24 | €1,448 | €20,785 | +€19,338 | +1335.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €469,948 | €358,978 | -€110,970 | -23.6% |
| Amounts receivable within one year | 40/41 | €30,555 | €39,470 | +€8,915 | +29.2% |
| Trade receivables | 40 | €8,661 | €22,358 | +€13,697 | +158.2% |
| Other amounts receivable | 41 | €21,895 | €17,112 | -€4,783 | -21.8% |
| Current investments | 50/53 | - | €99,302 | +€99,302 | |
| Cash at bank and in hand | 54/58 | €437,128 | €220,206 | -€216,922 | -49.6% |
| Deferred charges and accrued income | 490/1 | €2,264 | €0 | -€2,264 | -100.0% |
| Total equity and liabilities | 10/49 | €676,881 | €581,342 | -€95,539 | -14.1% |
| Equity | 10/15 | €406,925 | €383,055 | -€23,870 | -5.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €388,333 | €385,680 | -€2,652 | -0.7% |
| Tax-exempt reserves | 132 | €47,120 | €44,468 | -€2,652 | -5.6% |
| Distributable reserves | 133 | €341,213 | €341,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€21,218 | -€21,218 | |
| Provisions and deferred taxes | 16 | €11,743 | €11,063 | -€680 | -5.8% |
| Deferred taxes | 168 | €11,743 | €11,063 | -€680 | -5.8% |
| Amounts payable | 17/49 | €258,213 | €187,224 | -€70,989 | -27.5% |
| Amounts payable after more than one year | 17 | €13,252 | €8,663 | -€4,589 | -34.6% |
| Financial debts | 170/4 | €13,252 | €8,663 | -€4,589 | -34.6% |
| Amounts payable within one year | 42/48 | €244,962 | €178,561 | -€66,400 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €4,495 | €4,589 | +€94 | +2.1% |
| Trade debts | 44 | €19,430 | €6,668 | -€12,762 | -65.7% |
| Suppliers | 440/4 | €19,430 | €6,668 | -€12,762 | -65.7% |
| Taxes, remuneration and social security | 45 | €154,672 | €160,048 | +€5,376 | +3.5% |
| Taxes | 450/3 | €154,672 | €160,048 | +€5,376 | +3.5% |
| Other amounts payable | 47/48 | €66,365 | €7,257 | -€59,108 | -89.1% |
| Non-recurring operating income | 76A | €615,820 | €8,192 | -€607,628 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,340 | €21,269 | +€6,928 | +48.3% |
| Other operating charges | 640/8 | €6,643 | €4,093 | -€2,550 | -38.4% |
| Non-recurring operating charges | 66A | €326 | €2,559 | +€2,233 | +684.7% |
| Gross operating margin | 9900 | €475,345 | €5,256 | -€470,089 | -98.9% |
| Operating profit (loss) | 9901 | €454,035 | -€22,665 | -€476,700 | |
| Financial income | 75/76B | €131 | €2,141 | +€2,010 | +1533.9% |
| Recurring financial income | 75 | €131 | €2,141 | +€2,010 | +1533.9% |
| Financial charges | 65/66B | €9,366 | €2,821 | -€6,545 | -69.9% |
| Recurring financial charges | 65 | €9,366 | €2,821 | -€6,545 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €444,800 | -€23,344 | -€468,144 | |
| Transfer from deferred taxes | 780 | €680 | €680 | = | 0.0% |
| Income taxes | 67/77 | €154,712 | €1,206 | -€153,506 | -99.2% |
| Profit (loss) for the period | 9904 | €290,768 | -€23,870 | -€314,638 | |
| Transfer from tax-exempt reserves | 789 | €2,652 | €2,652 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €293,421 | -€21,218 | -€314,638 |
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 4 October 2026 via checked.be.