ALL-TRADE: 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-TRADE
Largest movements
- Receivables within one year +€394,842
up €394,842 (+58.3%), from €676,759 to €1.1m
of which Trade receivables: +€412,218
- Deferred charges and accrued income -€203,835
down €203,835 (-89.9%), from €226,800 to €22,965
- Tangible fixed assets -€100,974
down €100,974 (-25.5%), from €396,636 to €295,662
of which Furniture and vehicles: -€104,016
- Cash -€65,562
down €65,562 (-39.1%), from €167,612 to €102,049
- Stocks and contracts +€20,046
up €20,046 (+57.6%), from €34,775 to €54,821
- Reserves +€83,114
up €83,114 (+46.2%), from €179,923 to €263,037
of which Distributable reserves: +€83,114
- Debts after one year -€35,584
down €35,584 (-18.7%), from €190,735 to €155,151
- Trade debts -€17,947
down €17,947 (-2.6%), from €677,793 to €659,846
- Gross operating margin +€228,693
up €228,693 (+126%), from €180,826 to €409,519
- Depreciation +€107,031
up €107,031 (+72.7%), from €147,305 to €254,336
- Staff costs +€49,813
new in 2025: €49,813
- Taxes +€12,161
up €12,161 (+395%), from €3,078 to €15,239
- Financial charges +€5,231
up €5,231 (+64.6%), from €8,101 to €13,331
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,505,582 | €1,550,099 | +€44,516 | +3.0% |
| Fixed assets | 21/28 | €399,636 | €298,662 | -€100,974 | -25.3% |
| Tangible fixed assets | 22/27 | €396,636 | €295,662 | -€100,974 | -25.5% |
| Plant, machinery and equipment | 23 | - | €3,042 | +€3,042 | |
| Furniture and vehicles | 24 | €396,636 | €292,621 | -€104,016 | -26.2% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €1,105,946 | €1,251,436 | +€145,490 | +13.2% |
| Stocks and contracts in progress | 3 | €34,775 | €54,821 | +€20,046 | +57.6% |
| Stocks | 30/36 | €34,775 | €54,821 | +€20,046 | +57.6% |
| Amounts receivable within one year | 40/41 | €676,759 | €1,071,601 | +€394,842 | +58.3% |
| Trade receivables | 40 | €645,513 | €1,057,732 | +€412,218 | +63.9% |
| Other amounts receivable | 41 | €31,246 | €13,870 | -€17,376 | -55.6% |
| Cash at bank and in hand | 54/58 | €167,612 | €102,049 | -€65,562 | -39.1% |
| Deferred charges and accrued income | 490/1 | €226,800 | €22,965 | -€203,835 | -89.9% |
| Total equity and liabilities | 10/49 | €1,505,582 | €1,550,099 | +€44,516 | +3.0% |
| Equity | 10/15 | €335,382 | €418,497 | +€83,114 | +24.8% |
| Contributions | 10/11 | €47,000 | €47,000 | = | 0.0% |
| Reserves | 13 | €179,923 | €263,037 | +€83,114 | +46.2% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,983 | +€1,983 | |
| Other | 1319 | €1,983 | - | -€1,983 | |
| Distributable reserves | 133 | €177,940 | €261,054 | +€83,114 | +46.7% |
| Profit (loss) carried forward | 14 | €108,460 | €108,460 | = | 0.0% |
| Amounts payable | 17/49 | €1,170,200 | €1,131,602 | -€38,598 | -3.3% |
| Amounts payable after more than one year | 17 | €190,735 | €155,151 | -€35,584 | -18.7% |
| Financial debts | 170/4 | €190,735 | €155,151 | -€35,584 | -18.7% |
| Amounts payable within one year | 42/48 | €979,465 | €973,142 | -€6,323 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €128,142 | €126,477 | -€1,666 | -1.3% |
| Trade debts | 44 | €677,793 | €659,846 | -€17,947 | -2.6% |
| Suppliers | 440/4 | €677,793 | €659,846 | -€17,947 | -2.6% |
| Taxes, remuneration and social security | 45 | €3,530 | €16,819 | +€13,289 | +376% |
| Taxes | 450/3 | €3,530 | €14,709 | +€11,179 | +317% |
| Remuneration and social security | 454/9 | - | €2,111 | +€2,111 | |
| Other amounts payable | 47/48 | €170,000 | €170,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €3,309 | +€3,309 | |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | - | €49,813 | +€49,813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,305 | €254,336 | +€107,031 | +72.7% |
| Other operating charges | 640/8 | €3,954 | €4,586 | +€631 | +16.0% |
| Gross operating margin | 9900 | €180,826 | €409,519 | +€228,693 | +126% |
| Operating profit (loss) | 9901 | €29,567 | €100,784 | +€71,217 | +241% |
| Financial income | 75/76B | €12,388 | €10,900 | -€1,488 | -12.0% |
| Recurring financial income | 75 | €12,388 | €10,900 | -€1,488 | -12.0% |
| Financial charges | 65/66B | €8,101 | €13,331 | +€5,231 | +64.6% |
| Recurring financial charges | 65 | €8,101 | €13,331 | +€5,231 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €33,855 | €98,353 | +€64,498 | +191% |
| Income taxes | 67/77 | €3,078 | €15,239 | +€12,161 | +395% |
| Profit (loss) for the period | 9904 | €30,777 | €83,114 | +€52,337 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €30,777 | €83,114 | +€52,337 | +170% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.