All-Ro Act: 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-Ro Act
Largest movements
- Cash -€99,975
down €99,975 (-67.4%), from €148,256 to €48,281
mainly Contributions, distributions and other (-€93,333) and Net result for the year (-€40,066)
- Receivables within one year -€19,302
down €19,302 (-80.1%), from €24,086 to €4,784
of which Trade receivables: -€11,979
- Tangible fixed assets -€11,613
down €11,613 (-15.7%), from €74,173 to €62,560
of which Plant, machinery and equipment: -€7,353
- Reserves -€133,399
down €133,399 (-67.0%), from €198,964 to €65,565
- Tax, wage and social debts +€8,597
up €8,597 (+84.3%), from €10,200 to €18,797
of which Taxes: +€11,747
- Other debts -€7,158
down €7,158 (-46.2%), from €15,499 to €8,341
- Gross operating margin -€90,895
down €90,895, from €73,349 to -€17,546
- Taxes -€12,797
no longer reported in 2025 (was €12,797)
- Depreciation +€4,693
up €4,693 (+26.8%), from €17,483 to €22,176
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 | €246,515 | €115,625 | -€130,890 | -53.1% |
| Fixed assets | 21/28 | €74,173 | €62,560 | -€11,613 | -15.7% |
| Tangible fixed assets | 22/27 | €74,173 | €62,560 | -€11,613 | -15.7% |
| Plant, machinery and equipment | 23 | €62,076 | €54,723 | -€7,353 | -11.8% |
| Furniture and vehicles | 24 | €12,097 | €7,837 | -€4,260 | -35.2% |
| Current assets | 29/58 | €172,342 | €53,065 | -€119,277 | -69.2% |
| Amounts receivable within one year | 40/41 | €24,086 | €4,784 | -€19,302 | -80.1% |
| Trade receivables | 40 | €11,979 | - | -€11,979 | |
| Other amounts receivable | 41 | €12,107 | €4,784 | -€7,323 | -60.5% |
| Cash at bank and in hand | 54/58 | €148,256 | €48,281 | -€99,975 | -67.4% |
| Total equity and liabilities | 10/49 | €246,515 | €115,625 | -€130,890 | -53.1% |
| Equity | 10/15 | €217,564 | €84,165 | -€133,399 | -61.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,964 | €65,565 | -€133,399 | -67.0% |
| Distributable reserves | 133 | €198,964 | €65,565 | -€133,399 | -67.0% |
| Amounts payable | 17/49 | €28,951 | €31,460 | +€2,509 | +8.7% |
| Amounts payable within one year | 42/48 | €28,951 | €31,460 | +€2,509 | +8.7% |
| Trade debts | 44 | €3,252 | €4,322 | +€1,070 | +32.9% |
| Suppliers | 440/4 | €3,252 | €4,322 | +€1,070 | +32.9% |
| Taxes, remuneration and social security | 45 | €10,200 | €18,797 | +€8,597 | +84.3% |
| Taxes | 450/3 | €7,050 | €18,797 | +€11,747 | +167% |
| Remuneration and social security | 454/9 | €3,150 | - | -€3,150 | |
| Other amounts payable | 47/48 | €15,499 | €8,341 | -€7,158 | -46.2% |
| Non-recurring operating income | 76A | - | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,483 | €22,176 | +€4,693 | +26.8% |
| Other operating charges | 640/8 | €839 | €120 | -€719 | -85.7% |
| Gross operating margin | 9900 | €73,349 | -€17,546 | -€90,895 | |
| Operating profit (loss) | 9901 | €55,027 | -€39,842 | -€94,869 | |
| Financial charges | 65/66B | €124 | €224 | +€100 | +80.6% |
| Recurring financial charges | 65 | €124 | €224 | +€100 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | €54,903 | -€40,066 | -€94,969 | |
| Income taxes | 67/77 | €12,797 | - | -€12,797 | |
| Profit (loss) for the period | 9904 | €42,106 | -€40,066 | -€82,172 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,106 | -€40,066 | -€82,172 |
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 14 October 2026 via checked.be.