Alltech - De Ster: 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.
Alltech - De Ster
Largest movements
- Receivables within one year +€481,896
up €481,896 (+36.1%), from €1.3m to €1.8m
of which Other amounts receivable: +€541,165
- Tangible fixed assets +€260,802
up €260,802 (+16.2%), from €1.6m to €1.9m
of which Plant, machinery and equipment: +€267,537
- Cash -€89,879
down €89,879 (-35.5%), from €253,412 to €163,533
mainly Investment in fixed assets (net) (-€663,004) and Receivables within one year (-€481,896)
- Reserves +€483,034
up €483,034 (+33.4%), from €1.4m to €1.9m
of which Distributable reserves: +€483,034
- Tax, wage and social debts +€139,868
up €139,868 (+26.7%), from €523,993 to €663,861
of which Remuneration and social security: +€86,305
- Trade debts +€99,869
up €99,869 (+17.5%), from €570,200 to €670,069
- Financial income -€1.3m
down €1.3m (-99.9%), from €1.3m to €1,399
of which Non-recurring financial income: -€1.3m
- Financial charges -€1.3m
down €1.3m (-99.7%), from €1.3m to €3,567
of which Non-recurring financial charges: -€1.3m
- Gross operating margin +€293,805
up €293,805 (+6.0%), from €4.9m to €5.2m
- Staff costs +€203,176
up €203,176 (+5.2%), from €3.9m to €4.1m
- Other operating charges -€81,262
down €81,262 (-76.6%), from €106,061 to €24,799
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 | €3,339,128 | €4,006,788 | +€667,660 | +20.0% |
| Fixed assets | 21/28 | €1,613,516 | €1,874,318 | +€260,802 | +16.2% |
| Tangible fixed assets | 22/27 | €1,612,234 | €1,873,036 | +€260,802 | +16.2% |
| Land and buildings | 22 | €1,050,731 | €988,408 | -€62,323 | -5.9% |
| Plant, machinery and equipment | 23 | €429,529 | €697,066 | +€267,537 | +62.3% |
| Furniture and vehicles | 24 | €88,372 | €169,647 | +€81,275 | +92.0% |
| Leasing and similar rights | 25 | €43,602 | €17,915 | -€25,687 | -58.9% |
| Financial fixed assets | 28 | €1,282 | €1,282 | = | 0.0% |
| Current assets | 29/58 | €1,725,612 | €2,132,470 | +€406,858 | +23.6% |
| Amounts receivable within one year | 40/41 | €1,334,569 | €1,816,465 | +€481,896 | +36.1% |
| Trade receivables | 40 | €933,565 | €874,296 | -€59,269 | -6.3% |
| Other amounts receivable | 41 | €401,004 | €942,169 | +€541,165 | +135% |
| Cash at bank and in hand | 54/58 | €253,412 | €163,533 | -€89,879 | -35.5% |
| Deferred charges and accrued income | 490/1 | €137,632 | €152,472 | +€14,841 | +10.8% |
| Total equity and liabilities | 10/49 | €3,339,128 | €4,006,788 | +€667,660 | +20.0% |
| Equity | 10/15 | €2,170,760 | €2,653,794 | +€483,034 | +22.3% |
| Contributions | 10/11 | €724,000 | €724,000 | = | 0.0% |
| Reserves | 13 | €1,446,760 | €1,929,794 | +€483,034 | +33.4% |
| Tax-exempt reserves | 132 | €53,616 | €53,616 | = | 0.0% |
| Distributable reserves | 133 | €1,393,144 | €1,876,179 | +€483,034 | +34.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,168,368 | €1,352,994 | +€184,626 | +15.8% |
| Amounts payable after more than one year | 17 | €19,063 | €0 | -€19,063 | -100% |
| Financial debts | 170/4 | €19,063 | €0 | -€19,063 | -100% |
| Amounts payable within one year | 42/48 | €1,121,097 | €1,352,994 | +€231,896 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €26,904 | €19,063 | -€7,841 | -29.1% |
| Trade debts | 44 | €570,200 | €670,069 | +€99,869 | +17.5% |
| Suppliers | 440/4 | €570,200 | €670,069 | +€99,869 | +17.5% |
| Taxes, remuneration and social security | 45 | €523,993 | €663,861 | +€139,868 | +26.7% |
| Taxes | 450/3 | €85,685 | €139,248 | +€53,563 | +62.5% |
| Remuneration and social security | 454/9 | €438,308 | €524,613 | +€86,305 | +19.7% |
| Accrued charges and deferred income | 492/3 | €28,208 | €0 | -€28,208 | -100% |
| Remuneration, social security and pensions | 62 | €3,889,865 | €4,093,041 | +€203,176 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367,251 | €402,202 | +€34,951 | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€55,687 | -€5,862 | +€49,825 | +89.5% |
| Other operating charges | 640/8 | €106,061 | €24,799 | -€81,262 | -76.6% |
| Non-recurring operating charges | 66A | €65,222 | €252 | -€64,970 | -99.6% |
| Gross operating margin | 9900 | €4,882,708 | €5,176,513 | +€293,805 | +6.0% |
| Operating profit (loss) | 9901 | €509,996 | €662,081 | +€152,086 | +29.8% |
| Financial income | 75/76B | €1,294,875 | €1,399 | -€1.3m | -99.9% |
| Recurring financial income | 75 | €34,516 | €1,399 | -€33,117 | -95.9% |
| Non-recurring financial income | 76B | €1,260,359 | €0 | -€1.3m | -100% |
| Financial charges | 65/66B | €1,272,389 | €3,567 | -€1.3m | -99.7% |
| Recurring financial charges | 65 | €12,030 | €3,567 | -€8,463 | -70.3% |
| Non-recurring financial charges | 66B | €1,260,359 | €0 | -€1.3m | -100% |
| Profit (loss) for the period before taxes | 9903 | €532,482 | €659,913 | +€127,432 | +23.9% |
| Income taxes | 67/77 | €136,393 | €176,879 | +€40,486 | +29.7% |
| Profit (loss) for the period | 9904 | €396,089 | €483,034 | +€86,946 | +22.0% |
| Transfer to tax-exempt reserves | 689 | €30,250 | €0 | -€30,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €365,839 | €483,034 | +€117,196 | +32.0% |
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 14 October 2026 via checked.be.