ALL RIGHT: 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 RIGHT
Largest movements
- Cash +€117,077
up €117,077 (+405%), from €28,898 to €145,975
mainly Net result for the year (+€77,262) and Current investments (+€30,000)
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Tangible fixed assets -€20,364
down €20,364 (-20.1%), from €101,239 to €80,875
of which Furniture and vehicles: -€18,796
- Profit (loss) carried forward +€34,984
no longer reported in 2025 (was -€34,984)
- Reserves +€25,269
up €25,269 (+18.5%), from €136,889 to €162,157
of which Distributable reserves: +€25,269
- Other debts +€3,276
up €3,276 (+481%), from €681 to €3,957
- Gross operating margin +€63,588
up €63,588 (+100.0%), from €63,591 to €127,179
- Taxes +€15,561
up €15,561 (+125%), from €12,409 to €27,969
- Financial income +€1,767
new in 2025: €1,767
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 | €166,432 | €229,898 | +€63,465 | +38.1% |
| Fixed assets | 21/28 | €101,556 | €81,177 | -€20,379 | -20.1% |
| Intangible fixed assets | 21 | €2 | €2 | = | 0.0% |
| Tangible fixed assets | 22/27 | €101,239 | €80,875 | -€20,364 | -20.1% |
| Plant, machinery and equipment | 23 | €7,966 | €7,375 | -€591 | -7.4% |
| Furniture and vehicles | 24 | €74,518 | €55,722 | -€18,796 | -25.2% |
| Other tangible fixed assets | 26 | €18,755 | €17,778 | -€977 | -5.2% |
| Financial fixed assets | 28 | €315 | €300 | -€15 | -4.8% |
| Current assets | 29/58 | €64,877 | €148,721 | +€83,844 | +129% |
| Amounts receivable within one year | 40/41 | €2,048 | - | -€2,048 | |
| Trade receivables | 40 | €455 | - | -€455 | |
| Other amounts receivable | 41 | €1,593 | - | -€1,593 | |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €28,898 | €145,975 | +€117,077 | +405% |
| Deferred charges and accrued income | 490/1 | €3,931 | €2,747 | -€1,184 | -30.1% |
| Total equity and liabilities | 10/49 | €166,432 | €229,898 | +€63,465 | +38.1% |
| Equity | 10/15 | €163,905 | €224,157 | +€60,253 | +36.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €136,889 | €162,157 | +€25,269 | +18.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €130,689 | €155,957 | +€25,269 | +19.3% |
| Profit (loss) carried forward | 14 | -€34,984 | - | +€34,984 | |
| Amounts payable | 17/49 | €2,528 | €5,741 | +€3,213 | +127% |
| Amounts payable within one year | 42/48 | €2,431 | €5,729 | +€3,298 | +136% |
| Trade debts | 44 | - | €42 | +€42 | |
| Suppliers | 440/4 | - | €42 | +€42 | |
| Taxes, remuneration and social security | 45 | €1,751 | €1,731 | -€20 | -1.1% |
| Taxes | 450/3 | €1,751 | €1,731 | -€20 | -1.1% |
| Other amounts payable | 47/48 | €681 | €3,957 | +€3,276 | +481% |
| Accrued charges and deferred income | 492/3 | €97 | €11 | -€85 | -88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,857 | €21,769 | +€912 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €917 | +€917 | |
| Other operating charges | 640/8 | €930 | €958 | +€28 | +3.1% |
| Gross operating margin | 9900 | €63,591 | €127,179 | +€63,588 | +100.0% |
| Operating profit (loss) | 9901 | €41,804 | €103,535 | +€61,731 | +148% |
| Financial income | 75/76B | - | €1,767 | +€1,767 | |
| Recurring financial income | 75 | - | €1,767 | +€1,767 | |
| Financial charges | 65/66B | €374 | €70 | -€304 | -81.2% |
| Recurring financial charges | 65 | €374 | €70 | -€304 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €41,430 | €105,232 | +€63,802 | +154% |
| Income taxes | 67/77 | €12,409 | €27,969 | +€15,561 | +125% |
| Profit (loss) for the period | 9904 | €29,022 | €77,262 | +€48,241 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €29,022 | €77,262 | +€48,241 | +166% |
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 15 October 2026 via checked.be.