All-Co: 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-Co
Largest movements
- Receivables within one year +€28,319
up €28,319 (+65.2%), from €43,426 to €71,745
of which Trade receivables: +€18,567
- Tangible fixed assets -€6,311
down €6,311 (-30.9%), from €20,434 to €14,123
of which Plant, machinery and equipment: -€6,120
- Stocks and contracts +€4,326
new in 2025: €4,326
- Reserves +€19,728
up €19,728 (+30.6%), from €64,450 to €84,178
- Trade debts +€5,617
up €5,617 (+96.0%), from €5,849 to €11,466
- Tax, wage and social debts +€3,460
up €3,460 (+185.8%), from €1,863 to €5,323
- Current portion of long-term debt -€2,276
down €2,276 (-100.0%), from €2,276 to €0
- Gross operating margin +€12,879
up €12,879 (+56.8%), from €22,671 to €35,550
- Taxes +€5,055
up €5,055 (+113.0%), from €4,472 to €9,527
- Depreciation -€1,458
down €1,458 (-18.8%), from €7,769 to €6,311
- Financial income +€725
up €725 (+1825.5%), from €40 to €765
- Other operating charges -€691
down €691 (-53.0%), from €1,302 to €612
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 | €134,438 | €160,967 | +€26,529 | +19.7% |
| Fixed assets | 21/28 | €80,434 | €74,123 | -€6,311 | -7.8% |
| Intangible fixed assets | 21 | €60,000 | €60,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €20,434 | €14,123 | -€6,311 | -30.9% |
| Land and buildings | 22 | €2,503 | €2,312 | -€191 | -7.6% |
| Plant, machinery and equipment | 23 | €17,931 | €11,812 | -€6,120 | -34.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €54,004 | €86,844 | +€32,840 | +60.8% |
| Stocks and contracts in progress | 3 | - | €4,326 | +€4,326 | |
| Stocks | 30/36 | - | €4,326 | +€4,326 | |
| Amounts receivable within one year | 40/41 | €43,426 | €71,745 | +€28,319 | +65.2% |
| Trade receivables | 40 | €34,043 | €52,610 | +€18,567 | +54.5% |
| Other amounts receivable | 41 | €9,383 | €19,135 | +€9,752 | +103.9% |
| Cash at bank and in hand | 54/58 | €8,946 | €10,001 | +€1,055 | +11.8% |
| Deferred charges and accrued income | 490/1 | €1,631 | €772 | -€859 | -52.7% |
| Total equity and liabilities | 10/49 | €134,438 | €160,967 | +€26,529 | +19.7% |
| Equity | 10/15 | €124,450 | €144,178 | +€19,728 | +15.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €64,450 | €84,178 | +€19,728 | +30.6% |
| Distributable reserves | 133 | €64,450 | €84,178 | +€19,728 | +30.6% |
| Amounts payable | 17/49 | €9,988 | €16,789 | +€6,801 | +68.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €9,988 | €16,789 | +€6,801 | +68.1% |
| Current portion of amounts payable after more than one year | 42 | €2,276 | €0 | -€2,276 | -100.0% |
| Trade debts | 44 | €5,849 | €11,466 | +€5,617 | +96.0% |
| Suppliers | 440/4 | €5,849 | €11,466 | +€5,617 | +96.0% |
| Taxes, remuneration and social security | 45 | €1,863 | €5,323 | +€3,460 | +185.8% |
| Taxes | 450/3 | €1,863 | €5,323 | +€3,460 | +185.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,687 | €0 | -€3,687 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,769 | €6,311 | -€1,458 | -18.8% |
| Other operating charges | 640/8 | €1,302 | €612 | -€691 | -53.0% |
| Gross operating margin | 9900 | €22,671 | €35,550 | +€12,879 | +56.8% |
| Operating profit (loss) | 9901 | €13,600 | €28,628 | +€15,027 | +110.5% |
| Financial income | 75/76B | €40 | €765 | +€725 | +1825.5% |
| Recurring financial income | 75 | €40 | €765 | +€725 | +1825.5% |
| Financial charges | 65/66B | €290 | €138 | -€152 | -52.5% |
| Recurring financial charges | 65 | €290 | €138 | -€152 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €13,350 | €29,254 | +€15,905 | +119.1% |
| Income taxes | 67/77 | €4,472 | €9,527 | +€5,055 | +113.0% |
| Profit (loss) for the period | 9904 | €8,878 | €19,728 | +€10,850 | +122.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,878 | €19,728 | +€10,850 | +122.2% |
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 12 October 2026 via checked.be.