ALLERT S: 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.
ALLERT S
Largest movements
- Tangible fixed assets -€19,058
down €19,058 (-25.0%), from €76,324 to €57,267
of which Furniture and vehicles: -€18,723
- Receivables within one year +€17,711
up €17,711 (+39.1%), from €45,296 to €63,007
of which Other amounts receivable: +€10,225
- Cash +€9,269
up €9,269 (+26.1%), from €35,452 to €44,721
mainly Net result for the year (+€40,234) and Other debts (+€38,509)
- Other debts +€38,509
up €38,509 (+69.3%), from €55,607 to €94,116
- Reserves -€36,661
down €36,661 (-92.0%), from €39,854 to €3,193
of which Distributable reserves: -€37,140
- Tax, wage and social debts +€5,678
up €5,678 (+43.6%), from €13,011 to €18,688
- Gross operating margin +€14,045
up €14,045 (+19.9%), from €70,652 to €84,696
- Taxes +€2,880
up €2,880 (+24.2%), from €11,895 to €14,775
- Depreciation +€2,205
up €2,205 (+10.4%), from €21,239 to €23,443
- Other operating charges +€1,016
up €1,016 (+75.2%), from €1,351 to €2,368
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 | €157,072 | €164,994 | +€7,922 | +5.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €76,324 | €57,267 | -€19,058 | -25.0% |
| Tangible fixed assets | 22/27 | €76,324 | €57,267 | -€19,058 | -25.0% |
| Plant, machinery and equipment | 23 | €3,507 | €3,173 | -€335 | -9.5% |
| Furniture and vehicles | 24 | €72,817 | €54,094 | -€18,723 | -25.7% |
| Current assets | 29/58 | €80,748 | €107,727 | +€26,979 | +33.4% |
| Amounts receivable within one year | 40/41 | €45,296 | €63,007 | +€17,711 | +39.1% |
| Trade receivables | 40 | €38,691 | €46,177 | +€7,486 | +19.3% |
| Other amounts receivable | 41 | €6,605 | €16,830 | +€10,225 | +155% |
| Cash at bank and in hand | 54/58 | €35,452 | €44,721 | +€9,269 | +26.1% |
| Total equity and liabilities | 10/49 | €157,072 | €164,994 | +€7,922 | +5.0% |
| Equity | 10/15 | €58,454 | €21,793 | -€36,661 | -62.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,854 | €3,193 | -€36,661 | -92.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €854 | €1,333 | +€479 | +56.1% |
| Distributable reserves | 133 | €37,140 | - | -€37,140 | |
| Amounts payable | 17/49 | €98,618 | €143,201 | +€44,583 | +45.2% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,618 | €113,201 | +€44,583 | +65.0% |
| Trade debts | 44 | €0 | €397 | +€397 | |
| Suppliers | 440/4 | €0 | €397 | +€397 | |
| Taxes, remuneration and social security | 45 | €13,011 | €18,688 | +€5,678 | +43.6% |
| Taxes | 450/3 | €13,011 | €18,688 | +€5,678 | +43.6% |
| Other amounts payable | 47/48 | €55,607 | €94,116 | +€38,509 | +69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,239 | €23,443 | +€2,205 | +10.4% |
| Other operating charges | 640/8 | €1,351 | €2,368 | +€1,016 | +75.2% |
| Gross operating margin | 9900 | €70,652 | €84,696 | +€14,045 | +19.9% |
| Operating profit (loss) | 9901 | €48,061 | €58,885 | +€10,824 | +22.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €3,716 | €3,876 | +€160 | +4.3% |
| Recurring financial charges | 65 | €3,716 | €3,876 | +€160 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €44,347 | €55,009 | +€10,662 | +24.0% |
| Income taxes | 67/77 | €11,895 | €14,775 | +€2,880 | +24.2% |
| Profit (loss) for the period | 9904 | €32,452 | €40,234 | +€7,782 | +24.0% |
| Transfer to tax-exempt reserves | 689 | €479 | €479 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,973 | €39,755 | +€7,782 | +24.3% |
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 13 October 2026 via checked.be.