ALLEGRO MODERATO: 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 MODERATO
Largest movements
- Receivables within one year -€45,383
down €45,383 (-47.8%), from €94,886 to €49,503
of which Trade receivables: -€24,753
- Stocks and contracts -€21,213
down €21,213 (-70.5%), from €30,091 to €8,878
- Cash -€15,985
down €15,985 (-65.7%), from €24,337 to €8,352
mainly Net result for the year (-€153,727) and Other debts (-€21,453)
- Tangible fixed assets -€7,223
down €7,223 (-14.9%), from €48,585 to €41,362
of which Plant, machinery and equipment: -€5,655
- Profit (loss) carried forward -€153,727
down €153,727 (-186%), from -€82,461 to -€236,188
- Tax, wage and social debts +€40,257
up €40,257 (+103%), from €39,039 to €79,296
of which Taxes: +€24,042
- Trade debts +€28,995
up €28,995 (+44.7%), from €64,870 to €93,865
- Short-term financial debts +€24,189
up €24,189 (+390%), from €6,197 to €30,386
- Other debts -€21,453
down €21,453 (-63.0%), from €34,042 to €12,589
- Turnover -€742,312
no longer reported in 2024 (was €742,312)
- Purchases and services -€424,587
no longer reported in 2024 (was €424,587)
- Gross operating margin -€126,502
down €126,502 (-39.8%), from €317,725 to €191,223
- Staff costs -€22,657
down €22,657 (-7.3%), from €308,539 to €285,882
- Financial charges +€10,670
up €10,670 (+143%), from €7,479 to €18,149
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,883 | €118,300 | -€91,583 | -43.6% |
| Fixed assets | 21/28 | €59,209 | €51,566 | -€7,643 | -12.9% |
| Intangible fixed assets | 21 | €1,191 | €771 | -€420 | -35.3% |
| Tangible fixed assets | 22/27 | €48,585 | €41,362 | -€7,223 | -14.9% |
| Land and buildings | 22 | €11,821 | €11,686 | -€135 | -1.1% |
| Plant, machinery and equipment | 23 | €30,502 | €24,847 | -€5,655 | -18.5% |
| Furniture and vehicles | 24 | €6,262 | €4,829 | -€1,433 | -22.9% |
| Financial fixed assets | 28 | €9,433 | €9,433 | -€0 | 0.0% |
| Current assets | 29/58 | €150,674 | €66,734 | -€83,940 | -55.7% |
| Stocks and contracts in progress | 3 | €30,091 | €8,878 | -€21,213 | -70.5% |
| Stocks | 30/36 | €30,091 | €8,878 | -€21,213 | -70.5% |
| Amounts receivable within one year | 40/41 | €94,886 | €49,503 | -€45,383 | -47.8% |
| Trade receivables | 40 | €36,667 | €11,914 | -€24,753 | -67.5% |
| Other amounts receivable | 41 | €58,219 | €37,589 | -€20,630 | -35.4% |
| Current investments | 50/53 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €24,337 | €8,352 | -€15,985 | -65.7% |
| Deferred charges and accrued income | 490/1 | €1,360 | €0 | -€1,360 | -100% |
| Total equity and liabilities | 10/49 | €209,883 | €118,300 | -€91,583 | -43.6% |
| Equity | 10/15 | €22,222 | -€131,504 | -€153,726 | |
| Contributions | 10/11 | €61,973 | €61,973 | +€0 | 0.0% |
| Reserves | 13 | €42,710 | €42,711 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €3,972 | €3,972 | +€0 | 0.0% |
| Distributable reserves | 133 | €32,541 | €32,541 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€82,461 | -€236,188 | -€153,727 | -186% |
| Amounts payable | 17/49 | €187,661 | €249,804 | +€62,143 | +33.1% |
| Amounts payable after more than one year | 17 | €27,471 | €16,626 | -€10,845 | -39.5% |
| Financial debts | 170/4 | €27,471 | €10,428 | -€17,043 | -62.0% |
| Other amounts payable | 178/9 | - | €6,197 | +€6,197 | |
| Amounts payable within one year | 42/48 | €160,190 | €233,178 | +€72,988 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €16,042 | €17,043 | +€1,001 | +6.2% |
| Financial debts | 43 | €6,197 | €30,386 | +€24,189 | +390% |
| Credit institutions | 430/8 | €6,197 | €30,386 | +€24,189 | +390% |
| Trade debts | 44 | €64,870 | €93,865 | +€28,995 | +44.7% |
| Suppliers | 440/4 | €64,870 | €93,865 | +€28,995 | +44.7% |
| Taxes, remuneration and social security | 45 | €39,039 | €79,296 | +€40,257 | +103% |
| Taxes | 450/3 | €15,727 | €39,769 | +€24,042 | +153% |
| Remuneration and social security | 454/9 | €23,312 | €39,527 | +€16,215 | +69.6% |
| Other amounts payable | 47/48 | €34,042 | €12,589 | -€21,453 | -63.0% |
| Turnover | 70 | €742,312 | - | -€742,312 | |
| Non-recurring operating income | 76A | - | €10,683 | +€10,683 | |
| Goods, raw materials, services and sundry goods | 60/61 | €424,587 | - | -€424,587 | |
| Remuneration, social security and pensions | 62 | €308,539 | €285,882 | -€22,657 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,913 | €14,862 | -€4,051 | -21.4% |
| Other operating charges | 640/8 | €4,834 | €10,731 | +€5,897 | +122% |
| Non-recurring operating charges | 66A | - | €18,166 | +€18,166 | |
| Gross operating margin | 9900 | €317,725 | €191,223 | -€126,502 | -39.8% |
| Operating profit (loss) | 9901 | -€14,561 | -€138,417 | -€123,856 | -851% |
| Financial income | 75/76B | €48 | €2,839 | +€2,791 | +5,815% |
| Recurring financial income | 75 | €48 | €2,839 | +€2,791 | +5,815% |
| Financial charges | 65/66B | €7,479 | €18,149 | +€10,670 | +143% |
| Recurring financial charges | 65 | €7,479 | €18,149 | +€10,670 | +143% |
| Profit (loss) for the period before taxes | 9903 | -€21,992 | -€153,727 | -€131,735 | -599% |
| Profit (loss) for the period | 9904 | -€21,992 | -€153,727 | -€131,735 | -599% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,992 | -€153,727 | -€131,735 | -599% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.