All Guard: 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.
All Guard
Largest movements
- Cash +€4,686
up €4,686 (+61.6%), from €7,609 to €12,295
mainly Tax, wage and social debts (+€6,735) and Depreciation (+€2,478)
- Tangible fixed assets +€2,452
up €2,452 (+440.8%), from €556 to €3,009
- Deferred charges and accrued income +€1,742
up €1,742 (+973.9%), from €179 to €1,921
- Formation expenses -€1,242
down €1,242 (-47.3%), from €2,625 to €1,383
- Receivables within one year -€521
down €521 (-33.9%), from €1,538 to €1,017
of which Trade receivables: -€381
- Tax, wage and social debts +€6,735
new in 2025: €6,735
of which Taxes: +€3,492
- Trade debts +€365
up €365 (+31.5%), from €1,159 to €1,523
- Gross operating margin +€30,996
up €30,996, from -€6,596 to €24,400
- Staff costs +€18,796
new in 2025: €18,796
- Other operating charges +€2,575
up €2,575 (+5150.0%), from €50 to €2,625
- Depreciation +€1,377
up €1,377 (+125.0%), from €1,102 to €2,478
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 | €12,507 | €19,625 | +€7,118 | +56.9% |
| Formation expenses | 20 | €2,625 | €1,383 | -€1,242 | -47.3% |
| Fixed assets | 21/28 | €556 | €3,009 | +€2,452 | +440.8% |
| Tangible fixed assets | 22/27 | €556 | €3,009 | +€2,452 | +440.8% |
| Plant, machinery and equipment | 23 | €556 | €3,009 | +€2,452 | +440.8% |
| Current assets | 29/58 | €9,326 | €15,233 | +€5,908 | +63.3% |
| Amounts receivable within one year | 40/41 | €1,538 | €1,017 | -€521 | -33.9% |
| Trade receivables | 40 | €1,392 | €1,010 | -€381 | -27.4% |
| Other amounts receivable | 41 | €146 | €7 | -€140 | -95.4% |
| Cash at bank and in hand | 54/58 | €7,609 | €12,295 | +€4,686 | +61.6% |
| Deferred charges and accrued income | 490/1 | €179 | €1,921 | +€1,742 | +973.9% |
| Total equity and liabilities | 10/49 | €12,507 | €19,625 | +€7,118 | +56.9% |
| Equity | 10/15 | €10,656 | €10,725 | +€68 | +0.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,344 | -€8,275 | +€68 | +0.8% |
| Amounts payable | 17/49 | €1,850 | €8,901 | +€7,050 | +381.0% |
| Amounts payable within one year | 42/48 | €1,850 | €8,901 | +€7,050 | +381.0% |
| Trade debts | 44 | €1,159 | €1,523 | +€365 | +31.5% |
| Suppliers | 440/4 | €1,159 | €1,523 | +€365 | +31.5% |
| Taxes, remuneration and social security | 45 | - | €6,735 | +€6,735 | |
| Taxes | 450/3 | - | €3,492 | +€3,492 | |
| Remuneration and social security | 454/9 | - | €3,243 | +€3,243 | |
| Other amounts payable | 47/48 | €692 | €642 | -€50 | -7.2% |
| Remuneration, social security and pensions | 62 | - | €18,796 | +€18,796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,102 | €2,478 | +€1,377 | +125.0% |
| Other operating charges | 640/8 | €50 | €2,625 | +€2,575 | +5150.0% |
| Gross operating margin | 9900 | -€6,596 | €24,400 | +€30,996 | |
| Operating profit (loss) | 9901 | -€7,747 | €501 | +€8,248 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €596 | €437 | -€159 | -26.7% |
| Recurring financial charges | 65 | €596 | €437 | -€159 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,344 | €68 | +€8,412 | |
| Profit (loss) for the period | 9904 | -€8,344 | €68 | +€8,412 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,344 | €68 | +€8,412 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.