ALL 4 UP: 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.
ALL 4 UP
Largest movements
- Receivables within one year +€58,620
up €58,620 (+43.3%), from €135,346 to €193,966
of which Trade receivables: +€56,343
- Debts after one year -€144,959
down €144,959 (-37.8%), from €383,587 to €238,628
- Profit (loss) carried forward +€131,372
up €131,372 (+17.7%), from €741,634 to €873,006
- Trade debts +€72,767
up €72,767 (+3,083%), from €2,361 to €75,127
- Financial charges -€72,632
down €72,632 (-88.7%), from €81,902 to €9,270
of which Non-recurring financial charges: -€70,553
- Taxes +€3,540
up €3,540 (+8.0%), from €44,282 to €47,822
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 | €1,664,850 | €1,727,427 | +€62,577 | +3.8% |
| Fixed assets | 21/28 | €1,521,298 | €1,521,298 | = | 0.0% |
| Financial fixed assets | 28 | €1,521,298 | €1,521,298 | = | 0.0% |
| Current assets | 29/58 | €143,552 | €206,129 | +€62,577 | +43.6% |
| Amounts receivable within one year | 40/41 | €135,346 | €193,966 | +€58,620 | +43.3% |
| Trade receivables | 40 | €133,400 | €189,743 | +€56,343 | +42.2% |
| Other amounts receivable | 41 | €1,946 | €4,223 | +€2,277 | +117% |
| Cash at bank and in hand | 54/58 | €8,206 | €12,163 | +€3,957 | +48.2% |
| Total equity and liabilities | 10/49 | €1,664,850 | €1,727,427 | +€62,577 | +3.8% |
| Equity | 10/15 | €1,028,634 | €1,160,006 | +€131,372 | +12.8% |
| Contributions | 10/11 | €287,000 | €287,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €741,634 | €873,006 | +€131,372 | +17.7% |
| Amounts payable | 17/49 | €636,216 | €567,421 | -€68,795 | -10.8% |
| Amounts payable after more than one year | 17 | €383,587 | €238,628 | -€144,959 | -37.8% |
| Financial debts | 170/4 | €383,587 | €238,628 | -€144,959 | -37.8% |
| Amounts payable within one year | 42/48 | €252,628 | €328,793 | +€76,165 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €143,441 | €144,959 | +€1,518 | +1.1% |
| Trade debts | 44 | €2,361 | €75,127 | +€72,767 | +3,083% |
| Suppliers | 440/4 | €2,361 | €75,127 | +€72,767 | +3,083% |
| Taxes, remuneration and social security | 45 | €106,826 | €108,706 | +€1,880 | +1.8% |
| Taxes | 450/3 | €106,826 | €108,706 | +€1,880 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51 | - | -€51 | |
| Other operating charges | 640/8 | €200 | - | -€200 | |
| Gross operating margin | 9900 | €186,742 | €188,463 | +€1,721 | +0.9% |
| Operating profit (loss) | 9901 | €186,492 | €188,463 | +€1,972 | +1.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €81,902 | €9,270 | -€72,632 | -88.7% |
| Recurring financial charges | 65 | €11,349 | €9,270 | -€2,079 | -18.3% |
| Non-recurring financial charges | 66B | €70,553 | - | -€70,553 | |
| Profit (loss) for the period before taxes | 9903 | €104,590 | €179,194 | +€74,604 | +71.3% |
| Income taxes | 67/77 | €44,282 | €47,822 | +€3,540 | +8.0% |
| Profit (loss) for the period | 9904 | €60,307 | €131,372 | +€71,064 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €60,307 | €131,372 | +€71,064 | +118% |
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.