ALL-PROJECT: 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-PROJECT
Largest movements
- Tangible fixed assets -€22,879
down €22,879 (-25.9%), from €88,408 to €65,529
of which Land and buildings: -€16,000
- Receivables within one year +€20,550
up €20,550 (+52.5%), from €39,155 to €59,705
of which Trade receivables: +€12,795
- Cash +€11,821
up €11,821 (+16.4%), from €72,252 to €84,073
mainly Net result for the year (+€42,955) and Depreciation (+€26,636)
- Other debts -€26,112
down €26,112 (-50.7%), from €51,495 to €25,383
- Reserves +€24,188
up €24,188 (+21.2%), from €114,260 to €138,448
of which Distributable reserves: +€24,188
- Tax, wage and social debts +€9,275
up €9,275 (+62.9%), from €14,742 to €24,017
- Trade debts +€2,141
up €2,141 (+298.0%), from €718 to €2,859
- Gross operating margin +€13,652
up €13,652 (+16.8%), from €81,046 to €94,698
- Taxes +€6,716
up €6,716 (+52.3%), from €12,838 to €19,554
- Other operating charges -€1,545
down €1,545 (-19.6%), from €7,885 to €6,340
- Financial income +€963
new in 2025: €963
of which Non-recurring financial income: +€742
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 | €199,815 | €209,307 | +€9,492 | +4.8% |
| Fixed assets | 21/28 | €88,408 | €65,529 | -€22,879 | -25.9% |
| Tangible fixed assets | 22/27 | €88,408 | €65,529 | -€22,879 | -25.9% |
| Land and buildings | 22 | €64,000 | €48,000 | -€16,000 | -25.0% |
| Plant, machinery and equipment | 23 | €14,600 | €7,783 | -€6,818 | -46.7% |
| Furniture and vehicles | 24 | €9,808 | €9,746 | -€62 | -0.6% |
| Current assets | 29/58 | €111,406 | €143,778 | +€32,371 | +29.1% |
| Amounts receivable within one year | 40/41 | €39,155 | €59,705 | +€20,550 | +52.5% |
| Trade receivables | 40 | €36,487 | €49,282 | +€12,795 | +35.1% |
| Other amounts receivable | 41 | €2,668 | €10,423 | +€7,755 | +290.7% |
| Cash at bank and in hand | 54/58 | €72,252 | €84,073 | +€11,821 | +16.4% |
| Total equity and liabilities | 10/49 | €199,815 | €209,307 | +€9,492 | +4.8% |
| Equity | 10/15 | €132,860 | €157,048 | +€24,188 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,260 | €138,448 | +€24,188 | +21.2% |
| Tax-exempt reserves | 132 | €9,400 | €9,400 | = | 0.0% |
| Distributable reserves | 133 | €104,860 | €129,048 | +€24,188 | +23.1% |
| Amounts payable | 17/49 | €66,955 | €52,259 | -€14,696 | -21.9% |
| Amounts payable within one year | 42/48 | €66,955 | €52,259 | -€14,696 | -21.9% |
| Trade debts | 44 | €718 | €2,859 | +€2,141 | +298.0% |
| Suppliers | 440/4 | €718 | €2,859 | +€2,141 | +298.0% |
| Taxes, remuneration and social security | 45 | €14,742 | €24,017 | +€9,275 | +62.9% |
| Taxes | 450/3 | €14,742 | €24,017 | +€9,275 | +62.9% |
| Other amounts payable | 47/48 | €51,495 | €25,383 | -€26,112 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,893 | €26,636 | +€744 | +2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €581 | - | -€581 | |
| Other operating charges | 640/8 | €7,885 | €6,340 | -€1,545 | -19.6% |
| Gross operating margin | 9900 | €81,046 | €94,698 | +€13,652 | +16.8% |
| Operating profit (loss) | 9901 | €46,688 | €61,722 | +€15,034 | +32.2% |
| Financial income | 75/76B | - | €963 | +€963 | |
| Recurring financial income | 75 | - | €221 | +€221 | |
| Non-recurring financial income | 76B | - | €742 | +€742 | |
| Financial charges | 65/66B | €224 | €176 | -€47 | -21.2% |
| Recurring financial charges | 65 | €224 | €176 | -€47 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €46,465 | €62,509 | +€16,044 | +34.5% |
| Income taxes | 67/77 | €12,838 | €19,554 | +€6,716 | +52.3% |
| Profit (loss) for the period | 9904 | €33,627 | €42,955 | +€9,328 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,627 | €42,955 | +€9,328 | +27.7% |
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 6 October 2026 via checked.be.