ALL41: what changed
ALL41
Largest movements
- Financial fixed assets -€900,000
no longer reported in 2025 (was €900,000)
- Cash -€145,692
down €145,692 (-20.6%), from €706,618 to €560,926
mainly Trade debts (-€708,245) and Other debts (-€661,214)
- Receivables within one year -€82,747
down €82,747 (-10.6%), from €780,995 to €698,248
of which Other amounts receivable: -€177,163
- Trade debts -€708,245
down €708,245 (-91.4%), from €774,463 to €66,218
- Other debts -€661,214
no longer reported in 2025 (was €661,214)
- Reserves +€358,642
new in 2025: €358,642
- Tax, wage and social debts -€113,901
down €113,901 (-80.7%), from €141,217 to €27,316
- Financial charges -€9.0m
down €9.0m (-100.0%), from €9.0m to €48
of which Non-recurring financial charges: -€7.7m
- Financial income -€7.7m
down €7.7m (-96.3%), from €8.0m to €300,000
of which Non-recurring financial income: -€6.0m
- Gross operating margin +€502,293
up €502,293, from -€374,339 to €127,955
- Other operating charges -€93,478
down €93,478 (-98.9%), from €94,523 to €1,044
- Taxes -€18,093
down €18,093 (-21.1%), from €85,740 to €67,647
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,387,613 | €1,262,895 | -€1.1m | -47.1% |
| Fixed assets | 21/28 | €900,000 | €3,490 | -€896,510 | -99.6% |
| Tangible fixed assets | 22/27 | - | €3,490 | +€3,490 | |
| Furniture and vehicles | 24 | - | €3,490 | +€3,490 | |
| Financial fixed assets | 28 | €900,000 | - | -€900,000 | |
| Current assets | 29/58 | €1,487,613 | €1,259,405 | -€228,208 | -15.3% |
| Amounts receivable within one year | 40/41 | €780,995 | €698,248 | -€82,747 | -10.6% |
| Trade receivables | 40 | - | €94,416 | +€94,416 | |
| Other amounts receivable | 41 | €780,995 | €603,832 | -€177,163 | -22.7% |
| Cash at bank and in hand | 54/58 | €706,618 | €560,926 | -€145,692 | -20.6% |
| Deferred charges and accrued income | 490/1 | - | €231 | +€231 | |
| Total equity and liabilities | 10/49 | €2,387,613 | €1,262,895 | -€1.1m | -47.1% |
| Equity | 10/15 | €810,719 | €1,169,361 | +€358,642 | +44.2% |
| Contributions | 10/11 | €13,640 | €13,640 | = | 0.0% |
| Reserves | 13 | - | €358,642 | +€358,642 | |
| Distributable reserves | 133 | - | €358,642 | +€358,642 | |
| Profit (loss) carried forward | 14 | €797,079 | €797,079 | = | 0.0% |
| Amounts payable | 17/49 | €1,576,895 | €93,535 | -€1.5m | -94.1% |
| Amounts payable within one year | 42/48 | €1,576,895 | €93,535 | -€1.5m | -94.1% |
| Trade debts | 44 | €774,463 | €66,218 | -€708,245 | -91.4% |
| Suppliers | 440/4 | €774,463 | €66,218 | -€708,245 | -91.4% |
| Taxes, remuneration and social security | 45 | €141,217 | €27,316 | -€113,901 | -80.7% |
| Taxes | 450/3 | €141,217 | €27,316 | -€113,901 | -80.7% |
| Other amounts payable | 47/48 | €661,214 | - | -€661,214 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €574 | +€574 | |
| Other operating charges | 640/8 | €94,523 | €1,044 | -€93,478 | -98.9% |
| Gross operating margin | 9900 | -€374,339 | €127,955 | +€502,293 | |
| Operating profit (loss) | 9901 | -€468,861 | €126,337 | +€595,198 | |
| Financial income | 75/76B | €8,006,803 | €300,000 | -€7.7m | -96.3% |
| Recurring financial income | 75 | €2,006,803 | €300,000 | -€1.7m | -85.1% |
| Non-recurring financial income | 76B | €6,000,000 | - | -€6.0m | |
| Financial charges | 65/66B | €9,021,423 | €48 | -€9.0m | -100.0% |
| Recurring financial charges | 65 | €1,370,423 | €48 | -€1.4m | -100.0% |
| Non-recurring financial charges | 66B | €7,651,000 | - | -€7.7m | |
| Profit (loss) for the period before taxes | 9903 | -€1,483,481 | €426,289 | +€1.9m | |
| Income taxes | 67/77 | €85,740 | €67,647 | -€18,093 | -21.1% |
| Profit (loss) for the period | 9904 | -€1,569,220 | €358,642 | +€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,569,220 | €358,642 | +€1.9m |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.