ALLARD FREDERICK: 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 FREDERICK
Largest movements
- Receivables within one year -€7,712
down €7,712 (-35.6%), from €21,680 to €13,968
- Tangible fixed assets -€5,342
down €5,342 (-27.5%), from €19,450 to €14,108
- Cash +€2,357
up €2,357 (+114.1%), from €2,065 to €4,423
mainly Receivables within one year (+€7,712) and Depreciation (+€5,342)
- Deferred charges and accrued income +€1,152
up €1,152 (+33.3%), from €3,465 to €4,617
- Debts after one year -€6,216
no longer reported in 2025 (was €6,216)
- Other debts +€3,359
up €3,359 (+17.8%), from €18,860 to €22,219
- Profit (loss) carried forward -€3,174
down €3,174 (-47.2%), from -€6,726 to -€9,900
- Current portion of long-term debt -€2,803
down €2,803 (-31.1%), from €9,019 to €6,216
- Tax, wage and social debts -€1,447
down €1,447 (-28.8%), from €5,030 to €3,583
of which Taxes: -€2,347
- Gross operating margin -€10,262
down €10,262 (-55.0%), from €18,650 to €8,388
- Depreciation -€2,880
down €2,880 (-35.0%), from €8,222 to €5,342
- Taxes -€2,212
down €2,212 (-45.2%), from €4,895 to €2,683
- Other operating charges +€765
up €765 (+121.3%), from €631 to €1,396
- Financial charges -€371
down €371 (-14.7%), from €2,516 to €2,145
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 | €46,660 | €37,116 | -€9,544 | -20.5% |
| Fixed assets | 21/28 | €19,450 | €14,108 | -€5,342 | -27.5% |
| Tangible fixed assets | 22/27 | €19,450 | €14,108 | -€5,342 | -27.5% |
| Furniture and vehicles | 24 | €19,450 | €14,108 | -€5,342 | -27.5% |
| Current assets | 29/58 | €27,210 | €23,008 | -€4,202 | -15.4% |
| Amounts receivable within one year | 40/41 | €21,680 | €13,968 | -€7,712 | -35.6% |
| Trade receivables | 40 | €21,680 | €13,968 | -€7,712 | -35.6% |
| Cash at bank and in hand | 54/58 | €2,065 | €4,423 | +€2,357 | +114.1% |
| Deferred charges and accrued income | 490/1 | €3,465 | €4,617 | +€1,152 | +33.3% |
| Total equity and liabilities | 10/49 | €46,660 | €37,116 | -€9,544 | -20.5% |
| Equity | 10/15 | €7,534 | €4,360 | -€3,174 | -42.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,726 | -€9,900 | -€3,174 | -47.2% |
| Amounts payable | 17/49 | €39,126 | €32,755 | -€6,370 | -16.3% |
| Amounts payable after more than one year | 17 | €6,216 | - | -€6,216 | |
| Financial debts | 170/4 | €6,216 | - | -€6,216 | |
| Amounts payable within one year | 42/48 | €32,910 | €32,755 | -€154 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €9,019 | €6,216 | -€2,803 | -31.1% |
| Trade debts | 44 | - | €737 | +€737 | |
| Suppliers | 440/4 | - | €737 | +€737 | |
| Taxes, remuneration and social security | 45 | €5,030 | €3,583 | -€1,447 | -28.8% |
| Taxes | 450/3 | €5,030 | €2,683 | -€2,347 | -46.7% |
| Remuneration and social security | 454/9 | - | €900 | +€900 | |
| Other amounts payable | 47/48 | €18,860 | €22,219 | +€3,359 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,222 | €5,342 | -€2,880 | -35.0% |
| Other operating charges | 640/8 | €631 | €1,396 | +€765 | +121.3% |
| Gross operating margin | 9900 | €18,650 | €8,388 | -€10,262 | -55.0% |
| Operating profit (loss) | 9901 | €9,798 | €1,651 | -€8,147 | -83.2% |
| Financial income | 75/76B | €18 | €3 | -€15 | -83.2% |
| Recurring financial income | 75 | €18 | €3 | -€15 | -83.2% |
| Financial charges | 65/66B | €2,516 | €2,145 | -€371 | -14.7% |
| Recurring financial charges | 65 | €2,516 | €2,145 | -€371 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €7,300 | -€491 | -€7,791 | |
| Income taxes | 67/77 | €4,895 | €2,683 | -€2,212 | -45.2% |
| Profit (loss) for the period | 9904 | €2,405 | -€3,174 | -€5,579 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,405 | -€3,174 | -€5,579 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.