ALLOCKING: what changed
Two fiscal 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.
ALLOCKING
Largest movements
- Receivables within one year +€286,725
up €286,725 (+44.1%), from €650,446 to €937,171
of which Trade receivables: +€315,500
- Stocks and contracts -€87,223
down €87,223 (-11.0%), from €793,323 to €706,099
of which Stocks: -€95,578
- Intangible fixed assets +€64,908
up €64,908 (+266.3%), from €24,370 to €89,278
- Tangible fixed assets +€24,990
up €24,990 (+80.7%), from €30,960 to €55,950
of which Plant, machinery and equipment: +€15,396
- Profit (loss) carried forward +€528,834
up €528,834, from -€174,481 to €354,353
- Debts after one year -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Trade debts -€116,728
down €116,728 (-27.7%), from €421,214 to €304,487
- Accrued charges and deferred income -€45,100
down €45,100 (-100.0%), from €45,100 to €0
- Advances received +€38,460
up €38,460 (+68.4%), from €56,222 to €94,682
- Gross operating margin +€462,982
up €462,982 (+40.3%), from €1.1m to €1.6m
- Staff costs +€251,597
up €251,597 (+29.6%), from €851,277 to €1.1m
- Write-downs -€144,609
down €144,609, from €38,257 to -€106,352
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.
Cash bridge derived
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 | €1,892,781 | €2,168,060 | +€275,279 | +14.5% |
| Fixed assets | 21/28 | €55,631 | €145,529 | +€89,898 | +161.6% |
| Intangible fixed assets | 21 | €24,370 | €89,278 | +€64,908 | +266.3% |
| Tangible fixed assets | 22/27 | €30,960 | €55,950 | +€24,990 | +80.7% |
| Land and buildings | 22 | €3,743 | €3,327 | -€416 | -11.1% |
| Plant, machinery and equipment | 23 | €16,766 | €32,162 | +€15,396 | +91.8% |
| Furniture and vehicles | 24 | €7,437 | €11,918 | +€4,481 | +60.3% |
| Leasing and similar rights | 25 | €3,014 | €8,543 | +€5,529 | +183.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €1,837,150 | €2,022,531 | +€185,381 | +10.1% |
| Stocks and contracts in progress | 3 | €793,323 | €706,099 | -€87,223 | -11.0% |
| Stocks | 30/36 | €716,559 | €620,981 | -€95,578 | -13.3% |
| Contracts in progress | 37 | €76,764 | €85,119 | +€8,355 | +10.9% |
| Amounts receivable within one year | 40/41 | €650,446 | €937,171 | +€286,725 | +44.1% |
| Trade receivables | 40 | €581,876 | €897,376 | +€315,500 | +54.2% |
| Other amounts receivable | 41 | €68,570 | €39,794 | -€28,776 | -42.0% |
| Cash at bank and in hand | 54/58 | €384,895 | €372,392 | -€12,504 | -3.2% |
| Deferred charges and accrued income | 490/1 | €8,486 | €6,870 | -€1,617 | -19.1% |
| Total equity and liabilities | 10/49 | €1,892,781 | €2,168,060 | +€275,279 | +14.5% |
| Equity | 10/15 | €899,259 | €1,428,093 | +€528,834 | +58.8% |
| Contributions | 10/11 | €1,071,880 | €1,071,880 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,481 | €354,353 | +€528,834 | |
| Amounts payable | 17/49 | €993,522 | €739,967 | -€253,555 | -25.5% |
| Amounts payable after more than one year | 17 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Financial debts | 170/4 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Amounts payable within one year | 42/48 | €648,422 | €589,967 | -€58,455 | -9.0% |
| Financial debts | 43 | €55,712 | €45,158 | -€10,554 | -18.9% |
| Credit institutions | 430/8 | €55,712 | €45,158 | -€10,554 | -18.9% |
| Trade debts | 44 | €421,214 | €304,487 | -€116,728 | -27.7% |
| Suppliers | 440/4 | €421,214 | €304,487 | -€116,728 | -27.7% |
| Advances received on contracts in progress | 46 | €56,222 | €94,682 | +€38,460 | +68.4% |
| Taxes, remuneration and social security | 45 | €115,273 | €145,640 | +€30,366 | +26.3% |
| Taxes | 450/3 | €323 | €11,540 | +€11,217 | +3474.5% |
| Remuneration and social security | 454/9 | €114,951 | €134,100 | +€19,149 | +16.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €45,100 | €0 | -€45,100 | -100.0% |
| Non-recurring operating income | 76A | - | €3 | +€3 | |
| Remuneration, social security and pensions | 62 | €851,277 | €1,102,875 | +€251,597 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,264 | €37,626 | +€3,361 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,257 | -€106,352 | -€144,609 | |
| Other operating charges | 640/8 | €5,744 | €3,190 | -€2,554 | -44.5% |
| Gross operating margin | 9900 | €1,148,367 | €1,611,349 | +€462,982 | +40.3% |
| Operating profit (loss) | 9901 | €218,825 | €574,011 | +€355,186 | +162.3% |
| Financial income | 75/76B | €380 | €60 | -€320 | -84.1% |
| Recurring financial income | 75 | €380 | €60 | -€320 | -84.1% |
| Financial charges | 65/66B | €27,662 | €33,697 | +€6,035 | +21.8% |
| Recurring financial charges | 65 | €27,662 | €33,697 | +€6,035 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €191,543 | €540,374 | +€348,830 | +182.1% |
| Income taxes | 67/77 | -€0 | €11,540 | +€11,540 | |
| Profit (loss) for the period | 9904 | €191,544 | €528,834 | +€337,290 | +176.1% |
| Profit (loss) for the period to be appropriated | 9905 | €191,544 | €528,834 | +€337,290 | +176.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.