ALLIAGES: 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.
What changed
ALLIAGES
NACE 73.110, Advertising agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€236,301
2024 · €170,968+€65,333
Equity
€899,114
2024 · €752,813+€146,301
Cash
€216,652
2024 · €299,155-€82,503
Balance sheet total
€1.8m
2024 · €2.0m-€161,850
Largest movements
Assets
- Receivables within one year -€148,326
down €148,326 (-34.3%), from €432,311 to €283,985
of which Other amounts receivable: -€149,923
- Cash -€82,503
down €82,503 (-27.6%), from €299,155 to €216,652
mainly Other debts (-€180,000) and Short-term financial debts (-€100,000)
- Tangible fixed assets +€69,274
up €69,274 (+5.7%), from €1.2m to €1.3m
of which Land and buildings: +€49,101
Equity and liabilities
- Other debts -€180,000
down €180,000 (-66.1%), from €272,248 to €92,248
- Profit (loss) carried forward +€152,069
up €152,069 (+558%), from €27,238 to €179,307
- Short-term financial debts -€100,000
down €100,000 (-40.0%), from €250,000 to €150,000
- Provisions -€29,407
down €29,407 (-4.4%), from €671,857 to €642,450
of which Provisions for liabilities and charges: -€26,500
Income statement
- Provisions +€112,101
up €112,101 (+80.9%), from -€138,601 to -€26,500
- Taxes +€58,838
up €58,838, from -€5,623 to €53,215
- Gross operating margin +€40,046
up €40,046 (+12.7%), from €316,377 to €356,423
- Financial charges -€12,850
down €12,850 (-16.4%), from €78,554 to €65,704
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.
Result 2024
€170,968
Gross operating margin
+€40,046
Depreciation
-€3,410
Provisions
-€112,101
Other operating charges
+€2,359
Other operating items
+€1,820
Financial income
+€1,079
Financial charges
+€12,850
Taxes
-€58,838
Deferred taxes and other
+€181,527
Result 2025
€236,301
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€178,488
Investment
-€94,043
Financing
-€166,948
Cash 2024
€299,155
From operations (derived)
+€178,488
Net result for the year
+€236,301
Depreciation
+€24,769
Receivables within one year
+€148,326
Deferred charges and accrued income
+€295
Provisions
-€29,407
Trade debts
-€4,363
Tax, wage and social debts
-€9,329
Other debts
-€180,000
Accrued charges and deferred income
-€8,105
Investment (derived)
-€94,043
Investment in fixed assets (net)
-€94,043
Financing
-€166,948
Debts after one year
+€17,357
Current portion of long-term debt
+€5,695
Short-term financial debts
-€100,000
Contributions, distributions and other
-€90,000
Cash 2025
€216,652
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,978,842 | €1,816,992 | -€161,850 | -8.2% |
| Fixed assets | 21/28 | €1,245,262 | €1,314,536 | +€69,274 | +5.6% |
| Tangible fixed assets | 22/27 | €1,224,262 | €1,293,536 | +€69,274 | +5.7% |
| Land and buildings | 22 | €1,000,909 | €1,050,011 | +€49,101 | +4.9% |
| Plant, machinery and equipment | 23 | €25,132 | €45,889 | +€20,757 | +82.6% |
| Furniture and vehicles | 24 | €1,221 | €636 | -€585 | -47.9% |
| Other tangible fixed assets | 26 | €197,000 | €197,000 | = | 0.0% |
| Financial fixed assets | 28 | €21,000 | €21,000 | = | 0.0% |
| Current assets | 29/58 | €733,580 | €502,455 | -€231,124 | -31.5% |
| Amounts receivable within one year | 40/41 | €432,311 | €283,985 | -€148,326 | -34.3% |
| Trade receivables | 40 | €28,578 | €30,174 | +€1,596 | +5.6% |
| Other amounts receivable | 41 | €403,733 | €253,811 | -€149,923 | -37.1% |
| Cash at bank and in hand | 54/58 | €299,155 | €216,652 | -€82,503 | -27.6% |
| Deferred charges and accrued income | 490/1 | €2,114 | €1,818 | -€295 | -14.0% |
| Total equity and liabilities | 10/49 | €1,978,842 | €1,816,992 | -€161,850 | -8.2% |
| Equity | 10/15 | €752,813 | €899,114 | +€146,301 | +19.4% |
| Contributions | 10/11 | €6,197 | €8,057 | +€1,859 | +30.0% |
| Revaluation surpluses | 12 | €242,000 | €242,000 | = | 0.0% |
| Reserves | 13 | €477,378 | €469,751 | -€7,627 | -1.6% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €368,105 | €362,338 | -€5,768 | -1.6% |
| Distributable reserves | 133 | €107,413 | €107,413 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,238 | €179,307 | +€152,069 | +558% |
| Provisions and deferred taxes | 16 | €671,857 | €642,450 | -€29,407 | -4.4% |
| Provisions for liabilities and charges | 160/5 | €525,269 | €498,770 | -€26,500 | -5.0% |
| Environmental obligations | 163 | €130,791 | - | -€130,791 | |
| Other liabilities and charges | 164/5 | €394,479 | €498,770 | +€104,291 | +26.4% |
| Deferred taxes | 168 | €146,588 | €143,680 | -€2,908 | -2.0% |
| Amounts payable | 17/49 | €554,172 | €275,428 | -€278,744 | -50.3% |
| Amounts payable after more than one year | 17 | - | €17,357 | +€17,357 | |
| Financial debts | 170/4 | - | €17,357 | +€17,357 | |
| Amounts payable within one year | 42/48 | €546,067 | €258,070 | -€287,997 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,695 | +€5,695 | |
| Financial debts | 43 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Credit institutions | 430/8 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Trade debts | 44 | €11,490 | €7,127 | -€4,363 | -38.0% |
| Suppliers | 440/4 | €11,490 | €7,127 | -€4,363 | -38.0% |
| Taxes, remuneration and social security | 45 | €12,329 | €3,000 | -€9,329 | -75.7% |
| Taxes | 450/3 | €12,329 | €3,000 | -€9,329 | -75.7% |
| Other amounts payable | 47/48 | €272,248 | €92,248 | -€180,000 | -66.1% |
| Accrued charges and deferred income | 492/3 | €8,105 | - | -€8,105 | |
| Non-recurring operating income | 76A | €192,234 | €245,234 | +€52,999 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,359 | €24,769 | +€3,410 | +16.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€138,601 | -€26,500 | +€112,101 | +80.9% |
| Other operating charges | 640/8 | €10,043 | €7,683 | -€2,359 | -23.5% |
| Non-recurring operating charges | 66A | €1,820 | - | -€1,820 | |
| Gross operating margin | 9900 | €316,377 | €356,423 | +€40,046 | +12.7% |
| Operating profit (loss) | 9901 | €421,755 | €350,470 | -€71,285 | -16.9% |
| Financial income | 75/76B | €764 | €1,843 | +€1,079 | +141% |
| Recurring financial income | 75 | €764 | €1,843 | +€1,079 | +141% |
| Financial charges | 65/66B | €78,554 | €65,704 | -€12,850 | -16.4% |
| Recurring financial charges | 65 | €78,554 | €65,704 | -€12,850 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €343,964 | €286,608 | -€57,356 | -16.7% |
| Transfer from deferred taxes | 780 | €1,970 | €2,908 | +€938 | +47.6% |
| Transfer to deferred taxes | 680 | €180,589 | - | -€180,589 | |
| Income taxes | 67/77 | -€5,623 | €53,215 | +€58,838 | |
| Profit (loss) for the period | 9904 | €170,968 | €236,301 | +€65,333 | +38.2% |
| Transfer from tax-exempt reserves | 789 | €2,955 | €5,768 | +€2,813 | +95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €173,923 | €242,069 | +€68,146 | +39.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.