ALL-MR: 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-MR
Largest movements
- Cash -€425,278
down €425,278 (-63.0%), from €675,497 to €250,219
mainly Other debts (-€385,084) and Receivables within one year (-€216,450)
- Stocks and contracts -€353,925
down €353,925 (-83.7%), from €422,800 to €68,875
- Receivables within one year +€216,450
up €216,450 (+116%), from €186,115 to €402,565
of which Trade receivables: +€218,236
- Tangible fixed assets -€51,322
down €51,322 (-29.4%), from €174,389 to €123,067
of which Furniture and vehicles: -€27,293
- Other debts -€385,084
down €385,084 (-98.1%), from €392,684 to €7,600
- Trade debts -€185,720
down €185,720 (-79.0%), from €235,037 to €49,317
- Tax, wage and social debts -€49,348
down €49,348 (-71.3%), from €69,216 to €19,868
of which Taxes: -€33,671
- Reserves +€25,302
up €25,302 (+3.7%), from €692,813 to €718,115
of which Distributable reserves: +€25,302
- Current portion of long-term debt -€14,939
down €14,939 (-31.1%), from €47,984 to €33,045
- Gross operating margin -€88,669
down €88,669 (-22.6%), from €392,574 to €303,905
- Staff costs -€24,206
down €24,206 (-9.9%), from €245,491 to €221,285
- Taxes -€13,239
down €13,239 (-56.3%), from €23,505 to €10,266
- Financial income +€7,824
up €7,824 (+246%), from €3,176 to €11,000
- Depreciation +€5,489
up €5,489 (+12.0%), from €45,833 to €51,322
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 | €1,462,072 | €847,939 | -€614,133 | -42.0% |
| Fixed assets | 21/28 | €174,424 | €123,102 | -€51,322 | -29.4% |
| Tangible fixed assets | 22/27 | €174,389 | €123,067 | -€51,322 | -29.4% |
| Plant, machinery and equipment | 23 | €101,565 | €77,536 | -€24,029 | -23.7% |
| Furniture and vehicles | 24 | €72,824 | €45,531 | -€27,293 | -37.5% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €1,287,648 | €724,837 | -€562,811 | -43.7% |
| Stocks and contracts in progress | 3 | €422,800 | €68,875 | -€353,925 | -83.7% |
| Stocks | 30/36 | €422,800 | €68,875 | -€353,925 | -83.7% |
| Amounts receivable within one year | 40/41 | €186,115 | €402,565 | +€216,450 | +116% |
| Trade receivables | 40 | €182,028 | €400,264 | +€218,236 | +120% |
| Other amounts receivable | 41 | €4,087 | €2,301 | -€1,786 | -43.7% |
| Cash at bank and in hand | 54/58 | €675,497 | €250,219 | -€425,278 | -63.0% |
| Deferred charges and accrued income | 490/1 | €3,236 | €3,179 | -€58 | -1.8% |
| Total equity and liabilities | 10/49 | €1,462,072 | €847,939 | -€614,133 | -42.0% |
| Equity | 10/15 | €711,413 | €736,715 | +€25,302 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €692,813 | €718,115 | +€25,302 | +3.7% |
| Tax-exempt reserves | 132 | €9,300 | €9,300 | = | 0.0% |
| Distributable reserves | 133 | €683,513 | €708,815 | +€25,302 | +3.7% |
| Amounts payable | 17/49 | €750,659 | €111,224 | -€639,435 | -85.2% |
| Amounts payable after more than one year | 17 | €5,524 | €1,394 | -€4,130 | -74.8% |
| Financial debts | 170/4 | €5,524 | €1,394 | -€4,130 | -74.8% |
| Amounts payable within one year | 42/48 | €744,921 | €109,830 | -€635,091 | -85.3% |
| Current portion of amounts payable after more than one year | 42 | €47,984 | €33,045 | -€14,939 | -31.1% |
| Trade debts | 44 | €235,037 | €49,317 | -€185,720 | -79.0% |
| Suppliers | 440/4 | €235,037 | €49,317 | -€185,720 | -79.0% |
| Taxes, remuneration and social security | 45 | €69,216 | €19,868 | -€49,348 | -71.3% |
| Taxes | 450/3 | €38,758 | €5,087 | -€33,671 | -86.9% |
| Remuneration and social security | 454/9 | €30,458 | €14,781 | -€15,677 | -51.5% |
| Other amounts payable | 47/48 | €392,684 | €7,600 | -€385,084 | -98.1% |
| Accrued charges and deferred income | 492/3 | €214 | €0 | -€214 | -100% |
| Non-recurring operating income | 76A | €16,033 | €0 | -€16,033 | -100% |
| Remuneration, social security and pensions | 62 | €245,491 | €221,285 | -€24,206 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,833 | €51,322 | +€5,489 | +12.0% |
| Other operating charges | 640/8 | €2,921 | €4,334 | +€1,413 | +48.4% |
| Gross operating margin | 9900 | €392,574 | €303,905 | -€88,669 | -22.6% |
| Operating profit (loss) | 9901 | €98,329 | €26,964 | -€71,365 | -72.6% |
| Financial income | 75/76B | €3,176 | €11,000 | +€7,824 | +246% |
| Recurring financial income | 75 | €3,176 | €11,000 | +€7,824 | +246% |
| Financial charges | 65/66B | €3,077 | €2,395 | -€682 | -22.2% |
| Recurring financial charges | 65 | €3,077 | €2,395 | -€682 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €98,428 | €35,569 | -€62,859 | -63.9% |
| Income taxes | 67/77 | €23,505 | €10,266 | -€13,239 | -56.3% |
| Profit (loss) for the period | 9904 | €74,923 | €25,302 | -€49,620 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,923 | €25,302 | -€49,620 | -66.2% |
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 18 October 2026 via checked.be.