ALL IN MANAGEMENT: 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 IN MANAGEMENT
Largest movements
- Receivables after one year +€172,517
up €172,517 (+2.4%), from €7.2m to €7.4m
- Stocks and contracts +€140,469
new in 2025: €140,469
- Tangible fixed assets -€120,129
no longer reported in 2025 (was €120,129)
- Reserves +€145,000
up €145,000 (+2.1%), from €6.9m to €7.0m
- Gross operating margin +€12,518
up €12,518, from -€2,454 to €10,065
- Taxes -€12,010
down €12,010 (-20.0%), from €60,194 to €48,184
- Financial income +€3,048
up €3,048 (+1.6%), from €185,876 to €188,924
of which Non-recurring financial income: +€1,715
- Financial charges +€1,061
up €1,061 (+22.7%), from €4,664 to €5,725
- Other operating charges -€948
down €948 (-97.9%), from €968 to €20
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 | €7,333,869 | €7,513,884 | +€180,015 | +2.5% |
| Fixed assets | 21/28 | €120,129 | - | -€120,129 | |
| Tangible fixed assets | 22/27 | €120,129 | - | -€120,129 | |
| Assets under construction and advance payments | 27 | €120,129 | - | -€120,129 | |
| Current assets | 29/58 | €7,213,740 | €7,513,884 | +€300,144 | +4.2% |
| Amounts receivable after more than one year | 29 | €7,194,394 | €7,366,911 | +€172,517 | +2.4% |
| Other amounts receivable | 291 | €7,194,394 | €7,366,911 | +€172,517 | +2.4% |
| Stocks and contracts in progress | 3 | - | €140,469 | +€140,469 | |
| Stocks | 30/36 | - | €140,469 | +€140,469 | |
| Amounts receivable within one year | 40/41 | €6,379 | €6,473 | +€94 | +1.5% |
| Other amounts receivable | 41 | €6,379 | €6,473 | +€94 | +1.5% |
| Current investments | 50/53 | €11,011 | - | -€11,011 | |
| Cash at bank and in hand | 54/58 | €1,956 | €30 | -€1,926 | -98.5% |
| Total equity and liabilities | 10/49 | €7,333,869 | €7,513,884 | +€180,015 | +2.5% |
| Equity | 10/15 | €6,959,525 | €7,104,585 | +€145,060 | +2.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €6,884,000 | €7,029,000 | +€145,000 | +2.1% |
| Distributable reserves | 133 | €6,884,000 | €7,029,000 | +€145,000 | +2.1% |
| Profit (loss) carried forward | 14 | €525 | €585 | +€60 | +11.5% |
| Amounts payable | 17/49 | €374,344 | €409,299 | +€34,955 | +9.3% |
| Amounts payable within one year | 42/48 | €374,344 | €409,299 | +€34,955 | +9.3% |
| Trade debts | 44 | - | €528 | +€528 | |
| Suppliers | 440/4 | - | €528 | +€528 | |
| Taxes, remuneration and social security | 45 | €116,964 | €141,447 | +€24,483 | +20.9% |
| Taxes | 450/3 | €116,964 | €141,447 | +€24,483 | +20.9% |
| Other amounts payable | 47/48 | €257,380 | €267,324 | +€9,943 | +3.9% |
| Other operating charges | 640/8 | €968 | €20 | -€948 | -97.9% |
| Gross operating margin | 9900 | -€2,454 | €10,065 | +€12,518 | |
| Operating profit (loss) | 9901 | -€3,421 | €10,045 | +€13,466 | |
| Financial income | 75/76B | €185,876 | €188,924 | +€3,048 | +1.6% |
| Recurring financial income | 75 | €185,876 | €187,210 | +€1,334 | +0.7% |
| Non-recurring financial income | 76B | - | €1,715 | +€1,715 | |
| Financial charges | 65/66B | €4,664 | €5,725 | +€1,061 | +22.7% |
| Recurring financial charges | 65 | €4,664 | €5,725 | +€1,061 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €177,791 | €193,244 | +€15,453 | +8.7% |
| Income taxes | 67/77 | €60,194 | €48,184 | -€12,010 | -20.0% |
| Profit (loss) for the period | 9904 | €117,596 | €145,060 | +€27,464 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,596 | €145,060 | +€27,464 | +23.4% |
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 27 October 2026 via checked.be.