All Generations Projects: 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.
What changed
All Generations Projects
NACE 43.211, General electrical installation work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€853,569
2024 · -€291,684+€1.1m
Equity
€251,224
2024 · -€602,345+€853,569
Cash
€151
2024 · €372-€221
Balance sheet total
€3.8m
2024 · €4.1m-€265,364
Largest movements
Assets
- Stocks and contracts -€376,390
down €376,390 (-10.4%), from €3.6m to €3.2m
- Receivables within one year +€109,566
up €109,566 (+25.6%), from €427,677 to €537,243
of which Other amounts receivable: +€119,230
Equity and liabilities
- Profit (loss) carried forward +€853,569
up €853,569 (+73.9%), from -€1.2m to -€300,776
- Debts after one year -€714,831
down €714,831 (-100.0%), from €714,831 to €0
- Advances received -€467,181
down €467,181 (-100.0%), from €467,181 to €0
- Short-term financial debts -€177,469
down €177,469 (-5.3%), from €3.4m to €3.2m
- Tax, wage and social debts +€166,800
new in 2025: €166,800
Income statement
- Gross operating margin +€1.1m
up €1.1m, from -€88,731 to €995,355
- Financial charges -€54,057
down €54,057 (-27.2%), from €198,689 to €144,632
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.
Result 2024
-€291,684
Gross operating margin
+€1.1m
Staff costs
+€185
Other operating charges
+€8,846
Financial income
-€1,921
Financial charges
+€54,057
Result 2025
€853,569
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.
From operations
+€892,079
Investment
€0
Financing
-€892,300
Cash 2024
€372
From operations (derived)
+€892,079
Net result for the year
+€853,569
Depreciation
+€150
Stocks and contracts
+€376,390
Receivables within one year
-€109,566
Deferred charges and accrued income
-€1,830
Trade debts
+€85,102
Tax, wage and social debts
+€166,800
Advances received
-€467,181
Other debts
-€9,059
Accrued charges and deferred income
-€2,296
Financing
-€892,300
Debts after one year
-€714,831
Short-term financial debts
-€177,469
Cash 2025
€151
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,062,549 | €3,797,185 | -€265,364 | -6.5% |
| Fixed assets | 21/28 | €24,980 | €24,830 | -€150 | -0.6% |
| Tangible fixed assets | 22/27 | €24,980 | €24,830 | -€150 | -0.6% |
| Land and buildings | 22 | €24,789 | €24,789 | = | 0.0% |
| Plant, machinery and equipment | 23 | €191 | €41 | -€150 | -78.7% |
| Current assets | 29/58 | €4,037,569 | €3,772,355 | -€265,214 | -6.6% |
| Stocks and contracts in progress | 3 | €3,607,859 | €3,231,469 | -€376,390 | -10.4% |
| Stocks | 30/36 | €3,607,859 | €3,231,469 | -€376,390 | -10.4% |
| Amounts receivable within one year | 40/41 | €427,677 | €537,243 | +€109,566 | +25.6% |
| Trade receivables | 40 | €105,248 | €95,584 | -€9,664 | -9.2% |
| Other amounts receivable | 41 | €322,429 | €441,660 | +€119,230 | +37.0% |
| Cash at bank and in hand | 54/58 | €372 | €151 | -€221 | -59.3% |
| Deferred charges and accrued income | 490/1 | €1,661 | €3,491 | +€1,830 | +110.2% |
| Total equity and liabilities | 10/49 | €4,062,549 | €3,797,185 | -€265,364 | -6.5% |
| Equity | 10/15 | -€602,345 | €251,224 | +€853,569 | |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €52,000 | €52,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,154,345 | -€300,776 | +€853,569 | +73.9% |
| Amounts payable | 17/49 | €4,664,894 | €3,545,961 | -€1.1m | -24.0% |
| Amounts payable after more than one year | 17 | €714,831 | €0 | -€714,831 | -100.0% |
| Financial debts | 170/4 | €714,831 | €0 | -€714,831 | -100.0% |
| Amounts payable within one year | 42/48 | €3,947,767 | €3,545,961 | -€401,807 | -10.2% |
| Financial debts | 43 | €3,374,121 | €3,196,653 | -€177,469 | -5.3% |
| Credit institutions | 430/8 | €3,374,121 | €3,196,653 | -€177,469 | -5.3% |
| Trade debts | 44 | €97,406 | €182,508 | +€85,102 | +87.4% |
| Suppliers | 440/4 | €97,406 | €182,508 | +€85,102 | +87.4% |
| Advances received on contracts in progress | 46 | €467,181 | €0 | -€467,181 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €166,800 | +€166,800 | |
| Taxes | 450/3 | - | €166,800 | +€166,800 | |
| Other amounts payable | 47/48 | €9,059 | €0 | -€9,059 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,296 | €0 | -€2,296 | -100.0% |
| Non-recurring operating income | 76A | €0 | €739,969 | +€739,969 | |
| Remuneration, social security and pensions | 62 | €334 | €149 | -€185 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150 | €150 | = | 0.0% |
| Other operating charges | 640/8 | €19,245 | €10,399 | -€8,846 | -46.0% |
| Gross operating margin | 9900 | -€88,731 | €995,355 | +€1.1m | |
| Operating profit (loss) | 9901 | -€108,460 | €984,657 | +€1.1m | |
| Financial income | 75/76B | €15,464 | €13,544 | -€1,921 | -12.4% |
| Recurring financial income | 75 | €15,464 | €13,544 | -€1,921 | -12.4% |
| Financial charges | 65/66B | €198,689 | €144,632 | -€54,057 | -27.2% |
| Recurring financial charges | 65 | €198,689 | €144,632 | -€54,057 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | -€291,684 | €853,569 | +€1.1m | |
| Profit (loss) for the period | 9904 | -€291,684 | €853,569 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€291,684 | €853,569 | +€1.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.