DAVID ALLAN: 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.
DAVID ALLAN
Largest movements
- Cash -€1.1m
down €1.1m (-99.7%), from €1.1m to €3,062
mainly Receivables within one year (-€1.1m) and Contributions, distributions and other (-€144,051)
- Receivables within one year +€1.1m
up €1.1m (+6540.5%), from €17,440 to €1.2m
of which Other amounts receivable: +€1.1m
- Other debts +€139,837
up €139,837 (+3318.1%), from €4,214 to €144,051
- Tax, wage and social debts -€77,367
down €77,367 (-85.6%), from €90,432 to €13,065
- Reserves -€62,436
down €62,436 (-5.9%), from €1.1m to €992,087
- Financial income -€859,118
down €859,118 (-92.9%), from €925,049 to €65,931
of which Financial income: -€854,619
- Taxes -€62,105
down €62,105 (-59.2%), from €104,903 to €42,799
- Write-downs +€30,498
no longer reported in 2025 (was -€30,498)
- Gross operating margin +€13,615
up €13,615 (+28.3%), from €48,065 to €61,680
- Depreciation -€5,426
down €5,426 (-81.2%), from €6,684 to €1,257
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 | €1,175,868 | €1,175,854 | -€14 | 0.0% |
| Fixed assets | 21/28 | €11,154 | €6,140 | -€5,013 | -44.9% |
| Tangible fixed assets | 22/27 | €6,654 | €1,640 | -€5,013 | -75.3% |
| Furniture and vehicles | 24 | €6,654 | €1,640 | -€5,013 | -75.3% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €1,164,714 | €1,169,714 | +€4,999 | +0.4% |
| Amounts receivable within one year | 40/41 | €17,440 | €1,158,122 | +€1.1m | +6540.5% |
| Trade receivables | 40 | €9,060 | €14,501 | +€5,440 | +60.0% |
| Other amounts receivable | 41 | €8,380 | €1,143,621 | +€1.1m | +13547.5% |
| Cash at bank and in hand | 54/58 | €1,145,249 | €3,062 | -€1.1m | -99.7% |
| Deferred charges and accrued income | 490/1 | €2,025 | €8,530 | +€6,505 | +321.3% |
| Total equity and liabilities | 10/49 | €1,175,868 | €1,175,854 | -€14 | 0.0% |
| Equity | 10/15 | €1,079,403 | €1,016,966 | -€62,436 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,054,523 | €992,087 | -€62,436 | -5.9% |
| Distributable reserves | 133 | €1,054,523 | €992,087 | -€62,436 | -5.9% |
| Profit (loss) carried forward | 14 | €6,279 | €6,279 | = | 0.0% |
| Amounts payable | 17/49 | €96,465 | €158,887 | +€62,422 | +64.7% |
| Amounts payable within one year | 42/48 | €95,953 | €158,197 | +€62,244 | +64.9% |
| Trade debts | 44 | €1,307 | €1,081 | -€226 | -17.3% |
| Suppliers | 440/4 | €1,307 | €1,081 | -€226 | -17.3% |
| Taxes, remuneration and social security | 45 | €90,432 | €13,065 | -€77,367 | -85.6% |
| Taxes | 450/3 | €90,432 | €13,065 | -€77,367 | -85.6% |
| Other amounts payable | 47/48 | €4,214 | €144,051 | +€139,837 | +3318.1% |
| Accrued charges and deferred income | 492/3 | €512 | €690 | +€178 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,684 | €1,257 | -€5,426 | -81.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€30,498 | - | +€30,498 | |
| Other operating charges | 640/8 | €351 | €1,255 | +€904 | +257.8% |
| Gross operating margin | 9900 | €48,065 | €61,680 | +€13,615 | +28.3% |
| Operating profit (loss) | 9901 | €71,528 | €59,168 | -€12,360 | -17.3% |
| Financial income | 75/76B | €925,049 | €65,931 | -€859,118 | -92.9% |
| Recurring financial income | 75 | €920,550 | €65,931 | -€854,619 | -92.8% |
| Non-recurring financial income | 76B | €4,499 | - | -€4,499 | |
| Financial charges | 65/66B | €76 | €686 | +€610 | +806.2% |
| Recurring financial charges | 65 | €76 | €686 | +€610 | +806.2% |
| Profit (loss) for the period before taxes | 9903 | €996,502 | €124,413 | -€872,089 | -87.5% |
| Income taxes | 67/77 | €104,903 | €42,799 | -€62,105 | -59.2% |
| Profit (loss) for the period | 9904 | €891,599 | €81,615 | -€809,984 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €891,599 | €81,615 | -€809,984 | -90.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.