ALLIANCE TRADING: 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

ALLIANCE TRADING

BE 0461.804.528

NACE 46.423, Wholesale of clothing, excluding workwear and underwear

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financial year 2025 compared with 2024filed annual accounts (NBB)

Net result for the year

2024 · -€11,422+€11,422

Equity

€23,813

2024 · €23,813

Cash

not filed

Balance sheet total

€210,171

2024 · €322,620-€112,449

Largest movements

2024 to 2025

Assets

Receivables within one year -€106,060

down €106,060 (-37.2%), from €285,078 to €179,018
of which Trade receivables: -€117,172
Deferred charges and accrued income -€3,673

down €3,673 (-58.9%), from €6,239 to €2,566

Equity and liabilities

Trade debts -€128,743

down €128,743 (-55.6%), from €231,617 to €102,874
Other debts +€15,611

up €15,611 (+35.9%), from €43,452 to €59,063

Income statement

Gross operating margin +€12,439

up €12,439, from -€10,483 to €1,956
Other operating charges +€613

up €613 (+163%), from €377 to €990
Financial charges +€392

up €392 (+13.6%), from €2,874 to €3,265
Taxes +€350

up €350, from -€228 to €122
Financial income +€338

up €338 (+16.2%), from €2,084 to €2,422

From the 2024 result to the 2025 result

effect on the result

The net result is not in both sets of accounts; without it the difference cannot be explained line by line.

Derived cash bridge

cash 2024 to 2025

Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.

Every line side by side 39 lines

Line	Code	2024	2025	Change	%
Total assets	20/58	€322,620	€210,171	-€112,449	-34.9%
Fixed assets	21/28	€4,074	€4,074	=	0.0%
Financial fixed assets	28	€4,074	€4,074	=	0.0%
Current assets	29/58	€318,547	€206,097	-€112,449	-35.3%
Stocks and contracts in progress	3	€27,230	€24,514	-€2,716	-10.0%
Stocks	30/36	€27,230	€24,514	-€2,716	-10.0%
Amounts receivable within one year	40/41	€285,078	€179,018	-€106,060	-37.2%
Trade receivables	40	€246,365	€129,193	-€117,172	-47.6%
Other amounts receivable	41	€38,713	€49,825	+€11,112	+28.7%
Deferred charges and accrued income	490/1	€6,239	€2,566	-€3,673	-58.9%
Total equity and liabilities	10/49	€322,620	€210,171	-€112,449	-34.9%
Equity	10/15	€23,813	€23,813	=	0.0%
Contributions	10/11	€61,973	€61,973	=	0.0%
Capital	10	€61,973	€61,973	=	0.0%
Issued capital	100	€61,973	€61,973	=	0.0%
Reserves	13	€5,810	€5,810	=	0.0%
Non-distributable reserves	130/1	€5,810	€5,810	=	0.0%
Legal reserve	130	€5,810	€5,810	=	0.0%
Profit (loss) carried forward	14	-€43,971	-€43,971	=	0.0%
Amounts payable	17/49	€298,808	€186,358	-€112,449	-37.6%
Amounts payable within one year	42/48	€298,808	€186,358	-€112,449	-37.6%
Financial debts	43	€22,425	€24,300	+€1,874	+8.4%
Credit institutions	430/8	€22,425	€24,300	+€1,874	+8.4%
Trade debts	44	€231,617	€102,874	-€128,743	-55.6%
Suppliers	440/4	€231,617	€102,874	-€128,743	-55.6%
Taxes, remuneration and social security	45	€1,314	€122	-€1,191	-90.7%
Taxes	450/3	€1,314	€122	-€1,191	-90.7%
Other amounts payable	47/48	€43,452	€59,063	+€15,611	+35.9%
Other operating charges	640/8	€377	€990	+€613	+163%
Gross operating margin	9900	-€10,483	€1,956	+€12,439
Operating profit (loss)	9901	-€10,860	€966	+€11,826
Financial income	75/76B	€2,084	€2,422	+€338	+16.2%
Recurring financial income	75	€2,084	€2,422	+€338	+16.2%
Financial charges	65/66B	€2,874	€3,265	+€392	+13.6%
Recurring financial charges	65	€2,874	€3,265	+€392	+13.6%
Profit (loss) for the period before taxes	9903	-€11,650	€122	+€11,772
Income taxes	67/77	-€228	€122	+€350
Profit (loss) for the period	9904	-€11,422	-	+€11,422
Profit (loss) for the period to be appropriated	9905	-€11,422	-	+€11,422

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 31 October 2026 via checked.be.