ALLIANZ MANAGEMENT: 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.
ALLIANZ MANAGEMENT
Largest movements
- Receivables within one year +€52,041
up €52,041 (+22.2%), from €234,031 to €286,072
of which Trade receivables: +€36,414
- Cash +€14,503
up €14,503 (+311%), from €4,657 to €19,159
mainly Net result for the year (+€127,960)
- Profit (loss) carried forward +€127,960
up €127,960 (+125%), from €102,303 to €230,263
- Other debts -€51,838
down €51,838 (-100%), from €51,838 to €0
- Tax, wage and social debts -€8,258
down €8,258 (-13.0%), from €63,650 to €55,392
- Gross operating margin +€82,558
up €82,558 (+84.3%), from €97,907 to €180,464
- Taxes +€22,436
up €22,436 (+82.0%), from €27,350 to €49,786
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 | €239,861 | €306,674 | +€66,813 | +27.9% |
| Current assets | 29/58 | €239,861 | €306,674 | +€66,813 | +27.9% |
| Amounts receivable within one year | 40/41 | €234,031 | €286,072 | +€52,041 | +22.2% |
| Trade receivables | 40 | €213,586 | €250,000 | +€36,414 | +17.0% |
| Other amounts receivable | 41 | €20,445 | €36,072 | +€15,627 | +76.4% |
| Cash at bank and in hand | 54/58 | €4,657 | €19,159 | +€14,503 | +311% |
| Deferred charges and accrued income | 490/1 | €1,173 | €1,442 | +€269 | +22.9% |
| Total equity and liabilities | 10/49 | €239,861 | €306,674 | +€66,813 | +27.9% |
| Equity | 10/15 | €120,303 | €248,263 | +€127,960 | +106% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,303 | €230,263 | +€127,960 | +125% |
| Amounts payable | 17/49 | €119,559 | €58,411 | -€61,147 | -51.1% |
| Amounts payable within one year | 42/48 | €119,559 | €58,411 | -€61,147 | -51.1% |
| Trade debts | 44 | €4,070 | €3,019 | -€1,051 | -25.8% |
| Suppliers | 440/4 | €4,070 | €3,019 | -€1,051 | -25.8% |
| Taxes, remuneration and social security | 45 | €63,650 | €55,392 | -€8,258 | -13.0% |
| Taxes | 450/3 | €63,650 | €55,392 | -€8,258 | -13.0% |
| Other amounts payable | 47/48 | €51,838 | €0 | -€51,838 | -100% |
| Other operating charges | 640/8 | €1,892 | €1,892 | +€0 | 0.0% |
| Gross operating margin | 9900 | €97,907 | €180,464 | +€82,558 | +84.3% |
| Operating profit (loss) | 9901 | €96,015 | €178,572 | +€82,557 | +86.0% |
| Financial income | 75/76B | €434 | €743 | +€309 | +71.2% |
| Recurring financial income | 75 | €434 | €743 | +€309 | +71.2% |
| Financial charges | 65/66B | €2,184 | €1,569 | -€614 | -28.1% |
| Recurring financial charges | 65 | €2,184 | €1,569 | -€614 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €94,265 | €177,746 | +€83,481 | +88.6% |
| Income taxes | 67/77 | €27,350 | €49,786 | +€22,436 | +82.0% |
| Profit (loss) for the period | 9904 | €66,915 | €127,960 | +€61,044 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,915 | €127,960 | +€61,044 | +91.2% |
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.