Patrick Allemeersch: 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.
Patrick Allemeersch
Largest movements
- Cash +€9,289
up €9,289 (+118%), from €7,855 to €17,145
mainly Other debts (+€23,414) and Net result for the year (+€6,508)
- Receivables within one year +€7,582
up €7,582 (+55.7%), from €13,606 to €21,188
of which Trade receivables: +€12,129
- Tangible fixed assets -€5,894
down €5,894 (-39.3%), from €15,003 to €9,109
of which Plant, machinery and equipment: -€4,759
- Other debts +€23,414
up €23,414 (+308%), from €7,610 to €31,024
- Debts after one year -€15,000
no longer reported in 2025 (was €15,000)
- Profit (loss) carried forward +€6,508
up €6,508 (+14.9%), from -€43,760 to -€37,252
- Trade debts -€6,038
down €6,038 (-56.1%), from €10,769 to €4,731
- Tax, wage and social debts +€1,758
up €1,758 (+122%), from €1,436 to €3,194
of which Remuneration and social security: +€1,900
- Gross operating margin +€16,650
up €16,650, from -€5,495 to €11,155
- Depreciation -€5,653
down €5,653 (-49.0%), from €11,547 to €5,894
- Financial income +€3,386
up €3,386 (+2,872%), from €118 to €3,503
- Financial charges +€491
up €491 (+212%), from €231 to €722
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 | €36,800 | €47,442 | +€10,642 | +28.9% |
| Fixed assets | 21/28 | €15,193 | €9,109 | -€6,084 | -40.0% |
| Tangible fixed assets | 22/27 | €15,003 | €9,109 | -€5,894 | -39.3% |
| Land and buildings | 22 | €4,176 | €3,437 | -€739 | -17.7% |
| Plant, machinery and equipment | 23 | €9,499 | €4,740 | -€4,759 | -50.1% |
| Furniture and vehicles | 24 | €1,328 | €932 | -€396 | -29.8% |
| Financial fixed assets | 28 | €190 | - | -€190 | |
| Current assets | 29/58 | €21,607 | €38,332 | +€16,726 | +77.4% |
| Amounts receivable within one year | 40/41 | €13,606 | €21,188 | +€7,582 | +55.7% |
| Trade receivables | 40 | €8,661 | €20,790 | +€12,129 | +140% |
| Other amounts receivable | 41 | €4,944 | €397 | -€4,547 | -92.0% |
| Cash at bank and in hand | 54/58 | €7,855 | €17,145 | +€9,289 | +118% |
| Deferred charges and accrued income | 490/1 | €146 | - | -€146 | |
| Total equity and liabilities | 10/49 | €36,800 | €47,442 | +€10,642 | +28.9% |
| Equity | 10/15 | €1,985 | €8,493 | +€6,508 | +328% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €44,745 | €44,745 | = | 0.0% |
| Distributable reserves | 133 | €44,745 | €44,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,760 | -€37,252 | +€6,508 | +14.9% |
| Amounts payable | 17/49 | €34,815 | €38,949 | +€4,134 | +11.9% |
| Amounts payable after more than one year | 17 | €15,000 | - | -€15,000 | |
| Financial debts | 170/4 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €19,815 | €38,949 | +€19,134 | +96.6% |
| Trade debts | 44 | €10,769 | €4,731 | -€6,038 | -56.1% |
| Suppliers | 440/4 | €10,769 | €4,731 | -€6,038 | -56.1% |
| Taxes, remuneration and social security | 45 | €1,436 | €3,194 | +€1,758 | +122% |
| Taxes | 450/3 | €1,436 | €1,294 | -€142 | -9.9% |
| Remuneration and social security | 454/9 | - | €1,900 | +€1,900 | |
| Other amounts payable | 47/48 | €7,610 | €31,024 | +€23,414 | +308% |
| Remuneration, social security and pensions | 62 | €417 | €415 | -€2 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,547 | €5,894 | -€5,653 | -49.0% |
| Other operating charges | 640/8 | €1,117 | €1,119 | +€3 | +0.3% |
| Gross operating margin | 9900 | -€5,495 | €11,155 | +€16,650 | |
| Operating profit (loss) | 9901 | -€18,575 | €3,727 | +€22,302 | |
| Financial income | 75/76B | €118 | €3,503 | +€3,386 | +2,872% |
| Recurring financial income | 75 | €118 | €3,503 | +€3,386 | +2,872% |
| Financial charges | 65/66B | €231 | €722 | +€491 | +212% |
| Recurring financial charges | 65 | €231 | €722 | +€491 | +212% |
| Profit (loss) for the period before taxes | 9903 | -€18,688 | €6,508 | +€25,196 | |
| Profit (loss) for the period | 9904 | -€18,688 | €6,508 | +€25,196 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,688 | €6,508 | +€25,196 |
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 21 October 2026 via checked.be.