ALLEGRO: 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.
ALLEGRO
Largest movements
- Intangible fixed assets +€1.4m
up €1.4m (+64.7%), from €2.2m to €3.7m
- Tangible fixed assets +€523,255
up €523,255 (+268%), from €195,181 to €718,436
of which Plant, machinery and equipment: +€521,227
- Cash +€396,873
up €396,873 (+32.6%), from €1.2m to €1.6m
mainly Debts after one year (+€2.7m) and Depreciation (+€588,116)
- Receivables within one year -€141,569
down €141,569 (-33.4%), from €423,498 to €281,928
of which Other amounts receivable: -€174,679
- Debts after one year +€2.7m
up €2.7m (+2,155%), from €123,002 to €2.8m
- Profit (loss) carried forward -€530,183
down €530,183 (-63.0%), from -€841,996 to -€1.4m
- Current portion of long-term debt +€83,658
up €83,658 (+452%), from €18,511 to €102,169
- Gross operating margin +€799,889
up €799,889 (+703%), from €113,743 to €913,632
- Depreciation +€310,592
up €310,592 (+112%), from €277,524 to €588,116
- Staff costs +€241,401
up €241,401 (+57.1%), from €422,537 to €663,939
- Financial charges +€183,477
up €183,477 (+1,305%), from €14,056 to €197,533
- Financial income -€17,346
down €17,346 (-67.3%), from €25,788 to €8,442
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 | €4,081,525 | €6,297,118 | +€2.2m | +54.3% |
| Fixed assets | 21/28 | €2,421,249 | €4,385,858 | +€2.0m | +81.1% |
| Intangible fixed assets | 21 | €2,226,068 | €3,667,423 | +€1.4m | +64.7% |
| Tangible fixed assets | 22/27 | €195,181 | €718,436 | +€523,255 | +268% |
| Plant, machinery and equipment | 23 | €183,857 | €705,084 | +€521,227 | +283% |
| Furniture and vehicles | 24 | €11,324 | €13,352 | +€2,028 | +17.9% |
| Current assets | 29/58 | €1,660,276 | €1,911,260 | +€250,984 | +15.1% |
| Amounts receivable within one year | 40/41 | €423,498 | €281,928 | -€141,569 | -33.4% |
| Trade receivables | 40 | €605 | €33,714 | +€33,109 | +5,473% |
| Other amounts receivable | 41 | €422,893 | €248,214 | -€174,679 | -41.3% |
| Cash at bank and in hand | 54/58 | €1,218,049 | €1,614,922 | +€396,873 | +32.6% |
| Deferred charges and accrued income | 490/1 | €18,730 | €14,409 | -€4,320 | -23.1% |
| Total equity and liabilities | 10/49 | €4,081,525 | €6,297,118 | +€2.2m | +54.3% |
| Equity | 10/15 | €3,777,537 | €3,247,354 | -€530,183 | -14.0% |
| Contributions | 10/11 | €3,124,999 | €3,124,999 | = | 0.0% |
| Contributions outside capital | 11 | €3,124,999 | €3,124,999 | = | 0.0% |
| Other | 1109/19 | €3,124,999 | €3,124,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€841,996 | -€1,372,178 | -€530,183 | -63.0% |
| Investment grants | 15 | €1,494,534 | €1,494,534 | = | 0.0% |
| Provisions and deferred taxes | 16 | €18,000 | €18,000 | = | 0.0% |
| Deferred taxes | 168 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable | 17/49 | €285,988 | €3,031,764 | +€2.7m | +960% |
| Amounts payable after more than one year | 17 | €123,002 | €2,773,620 | +€2.7m | +2,155% |
| Financial debts | 170/4 | €123,002 | €2,773,620 | +€2.7m | +2,155% |
| Amounts payable within one year | 42/48 | €162,987 | €258,144 | +€95,157 | +58.4% |
| Current portion of amounts payable after more than one year | 42 | €18,511 | €102,169 | +€83,658 | +452% |
| Financial debts | 43 | €0 | €660 | +€660 | |
| Credit institutions | 430/8 | €0 | €660 | +€660 | |
| Trade debts | 44 | €86,236 | €92,762 | +€6,526 | +7.6% |
| Suppliers | 440/4 | €86,236 | €92,762 | +€6,526 | +7.6% |
| Taxes, remuneration and social security | 45 | €58,188 | €62,525 | +€4,337 | +7.5% |
| Taxes | 450/3 | €10,840 | €8,591 | -€2,249 | -20.7% |
| Remuneration and social security | 454/9 | €47,349 | €53,934 | +€6,586 | +13.9% |
| Other amounts payable | 47/48 | €52 | €28 | -€24 | -46.4% |
| Remuneration, social security and pensions | 62 | €422,537 | €663,939 | +€241,401 | +57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277,524 | €588,116 | +€310,592 | +112% |
| Other operating charges | 640/8 | €118 | €2,281 | +€2,163 | +1,833% |
| Gross operating margin | 9900 | €113,743 | €913,632 | +€799,889 | +703% |
| Operating profit (loss) | 9901 | -€586,436 | -€340,704 | +€245,732 | +41.9% |
| Financial income | 75/76B | €25,788 | €8,442 | -€17,346 | -67.3% |
| Recurring financial income | 75 | €25,788 | €8,442 | -€17,346 | -67.3% |
| Financial charges | 65/66B | €14,056 | €197,533 | +€183,477 | +1,305% |
| Recurring financial charges | 65 | €14,056 | €197,533 | +€183,477 | +1,305% |
| Profit (loss) for the period before taxes | 9903 | -€574,704 | -€529,795 | +€44,909 | +7.8% |
| Income taxes | 67/77 | €330 | €388 | +€58 | +17.4% |
| Profit (loss) for the period | 9904 | -€575,034 | -€530,183 | +€44,851 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€575,034 | -€530,183 | +€44,851 | +7.8% |
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 14 October 2026 via checked.be.