ALL THE BEST: 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.
What changed
ALL THE BEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€134,138
2024 · €270,952-€136,815
Equity
€1.8m
2024 · €1.7m+€134,138
Cash
€179,512
2024 · €170,599+€8,913
Balance sheet total
€2.7m
2024 · €2.4m+€250,092
Largest movements
Assets
- Tangible fixed assets +€226,393
up €226,393 (+10.2%), from €2.2m to €2.4m
of which Land and buildings: +€214,632
Equity and liabilities
- Reserves +€134,137
up €134,137 (+8.7%), from €1.5m to €1.7m
of which Distributable reserves: +€134,137
- Debts after one year +€89,249
up €89,249 (+13.5%), from €660,789 to €750,038
- Current portion of long-term debt +€43,098
up €43,098 (+96.5%), from €44,657 to €87,755
Income statement
- Gross operating margin -€250,730
down €250,730 (-41.1%), from €610,152 to €359,423
- Depreciation -€71,990
down €71,990 (-39.9%), from €180,340 to €108,349
- Taxes -€57,660
down €57,660 (-44.0%), from €131,006 to €73,346
- Financial charges +€11,191
up €11,191 (+52.3%), from €21,383 to €32,574
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.
Result 2024
€270,952
Gross operating margin
-€250,730
Depreciation
+€71,990
Other operating charges
-€1,214
Financial income
-€3,330
Financial charges
-€11,191
Taxes
+€57,660
Result 2025
€134,138
raises the resultlowers the result
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.
From operations
+€214,191
Investment
-€337,626
Financing
+€132,348
Cash 2024
€170,599
From operations (derived)
+€214,191
Net result for the year
+€134,138
Depreciation
+€108,349
Receivables within one year
-€10,773
Deferred charges and accrued income
-€1,129
Trade debts
-€7,990
Tax, wage and social debts
-€12,184
Advances received
+€3,000
Smaller working-capital items
+€781
Investment (derived)
-€337,626
Investment in fixed assets (net)
-€337,626
Financing
+€132,348
Debts after one year
+€89,249
Current portion of long-term debt
+€43,098
Cash 2025
€179,512
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,449,664 | €2,699,757 | +€250,092 | +10.2% |
| Fixed assets | 21/28 | €2,233,301 | €2,462,578 | +€229,277 | +10.3% |
| Intangible fixed assets | 21 | €10,467 | €3,483 | -€6,984 | -66.7% |
| Tangible fixed assets | 22/27 | €2,222,834 | €2,449,227 | +€226,393 | +10.2% |
| Land and buildings | 22 | €2,199,060 | €2,413,692 | +€214,632 | +9.8% |
| Furniture and vehicles | 24 | €11,674 | €23,436 | +€11,762 | +101% |
| Other tangible fixed assets | 26 | €12,100 | €12,100 | = | 0.0% |
| Financial fixed assets | 28 | - | €9,868 | +€9,868 | |
| Current assets | 29/58 | €216,364 | €237,179 | +€20,815 | +9.6% |
| Amounts receivable within one year | 40/41 | €45,765 | €56,538 | +€10,773 | +23.5% |
| Trade receivables | 40 | €21,935 | €45,368 | +€23,433 | +107% |
| Other amounts receivable | 41 | €23,830 | €11,170 | -€12,660 | -53.1% |
| Cash at bank and in hand | 54/58 | €170,599 | €179,512 | +€8,913 | +5.2% |
| Deferred charges and accrued income | 490/1 | - | €1,129 | +€1,129 | |
| Total equity and liabilities | 10/49 | €2,449,664 | €2,699,757 | +€250,092 | +10.2% |
| Equity | 10/15 | €1,663,630 | €1,797,768 | +€134,138 | +8.1% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €1,544,046 | €1,678,183 | +€134,137 | +8.7% |
| Tax-exempt reserves | 132 | €236 | €236 | = | 0.0% |
| Distributable reserves | 133 | €1,543,810 | €1,677,947 | +€134,137 | +8.7% |
| Profit (loss) carried forward | 14 | €984 | €984 | +€1 | +0.1% |
| Amounts payable | 17/49 | €786,034 | €901,989 | +€115,955 | +14.8% |
| Amounts payable after more than one year | 17 | €660,789 | €750,038 | +€89,249 | +13.5% |
| Financial debts | 170/4 | €660,789 | €750,038 | +€89,249 | +13.5% |
| Amounts payable within one year | 42/48 | €116,159 | €142,244 | +€26,085 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €44,657 | €87,755 | +€43,098 | +96.5% |
| Trade debts | 44 | €23,480 | €15,490 | -€7,990 | -34.0% |
| Suppliers | 440/4 | €23,480 | €15,490 | -€7,990 | -34.0% |
| Advances received on contracts in progress | 46 | - | €3,000 | +€3,000 | |
| Taxes, remuneration and social security | 45 | €48,023 | €35,839 | -€12,184 | -25.4% |
| Taxes | 450/3 | €48,023 | €35,839 | -€12,184 | -25.4% |
| Other amounts payable | 47/48 | - | €160 | +€160 | |
| Accrued charges and deferred income | 492/3 | €9,086 | €9,706 | +€620 | +6.8% |
| Non-recurring operating income | 76A | €404,549 | - | -€404,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,340 | €108,349 | -€71,990 | -39.9% |
| Other operating charges | 640/8 | €10,157 | €11,372 | +€1,214 | +12.0% |
| Gross operating margin | 9900 | €610,152 | €359,423 | -€250,730 | -41.1% |
| Operating profit (loss) | 9901 | €419,655 | €239,702 | -€179,954 | -42.9% |
| Financial income | 75/76B | €3,686 | €356 | -€3,330 | -90.4% |
| Recurring financial income | 75 | €3,686 | €356 | -€3,330 | -90.4% |
| Financial charges | 65/66B | €21,383 | €32,574 | +€11,191 | +52.3% |
| Recurring financial charges | 65 | €21,383 | €32,574 | +€11,191 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | €401,959 | €207,484 | -€194,475 | -48.4% |
| Income taxes | 67/77 | €131,006 | €73,346 | -€57,660 | -44.0% |
| Profit (loss) for the period | 9904 | €270,952 | €134,138 | -€136,815 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €270,952 | €134,138 | -€136,815 | -50.5% |
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 26 October 2026 via checked.be.