ALL 4 THE EU: what changed
ALL 4 THE EU
Largest movements
- Cash -€7,305
down €7,305 (-17.7%), from €41,365 to €34,060
mainly Receivables within one year (-€5,796) and Trade debts (-€4,998)
- Receivables within one year +€5,796
up €5,796 (+9.1%), from €63,387 to €69,183
of which Trade receivables: +€4,888
- Tax, wage and social debts +€6,277
up €6,277 (+61.4%), from €10,218 to €16,495
of which Remuneration and social security: +€5,555
- Trade debts -€4,998
down €4,998 (-14.5%), from €34,462 to €29,464
- Profit (loss) carried forward -€3,598
down €3,598 (-11.7%), from €30,704 to €27,106
- Gross operating margin +€15,771
up €15,771 (+49.6%), from €31,767 to €47,538
- Staff costs +€12,008
up €12,008 (+33.1%), from €36,290 to €48,298
- Depreciation -€1,200
down €1,200 (-79.9%), from €1,502 to €302
- Taxes +€700
new in 2025: €700
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,212 | €104,893 | -€2,319 | -2.2% |
| Fixed assets | 21/28 | €804 | €502 | -€302 | -37.6% |
| Tangible fixed assets | 22/27 | €302 | - | -€302 | |
| Furniture and vehicles | 24 | €302 | - | -€302 | |
| Financial fixed assets | 28 | €502 | €502 | = | 0.0% |
| Current assets | 29/58 | €106,408 | €104,391 | -€2,017 | -1.9% |
| Amounts receivable within one year | 40/41 | €63,387 | €69,183 | +€5,796 | +9.1% |
| Trade receivables | 40 | €57,851 | €62,739 | +€4,888 | +8.4% |
| Other amounts receivable | 41 | €5,536 | €6,444 | +€908 | +16.4% |
| Cash at bank and in hand | 54/58 | €41,365 | €34,060 | -€7,305 | -17.7% |
| Deferred charges and accrued income | 490/1 | €1,656 | €1,148 | -€508 | -30.7% |
| Total equity and liabilities | 10/49 | €107,212 | €104,893 | -€2,319 | -2.2% |
| Equity | 10/15 | €51,064 | €47,466 | -€3,598 | -7.0% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Capital | 10 | €18,500 | €18,500 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,704 | €27,106 | -€3,598 | -11.7% |
| Amounts payable | 17/49 | €56,148 | €57,427 | +€1,279 | +2.3% |
| Amounts payable within one year | 42/48 | €56,071 | €57,350 | +€1,279 | +2.3% |
| Trade debts | 44 | €34,462 | €29,464 | -€4,998 | -14.5% |
| Suppliers | 440/4 | €34,462 | €29,464 | -€4,998 | -14.5% |
| Advances received on contracts in progress | 46 | €11,391 | €11,391 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,218 | €16,495 | +€6,277 | +61.4% |
| Taxes | 450/3 | €4,248 | €4,970 | +€722 | +17.0% |
| Remuneration and social security | 454/9 | €5,970 | €11,525 | +€5,555 | +93.0% |
| Accrued charges and deferred income | 492/3 | €77 | €77 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €36,290 | €48,298 | +€12,008 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,502 | €302 | -€1,200 | -79.9% |
| Other operating charges | 640/8 | €1,179 | €1,328 | +€149 | +12.6% |
| Non-recurring operating charges | 66A | €626 | €508 | -€118 | -18.8% |
| Gross operating margin | 9900 | €31,767 | €47,538 | +€15,771 | +49.6% |
| Operating profit (loss) | 9901 | -€7,830 | -€2,898 | +€4,932 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,830 | -€2,898 | +€4,932 | +63.0% |
| Income taxes | 67/77 | - | €700 | +€700 | |
| Profit (loss) for the period | 9904 | -€7,830 | -€3,598 | +€4,232 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,830 | -€3,598 | +€4,232 | +54.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.