diff --git a/Makefile b/Makefile
index 3a69a0494d..e6cff9a9e5 100644
--- a/Makefile
+++ b/Makefile
@@ -17,13 +17,13 @@ else
 DOCS=
 endif
 
+all: $(TOOLS) $(DOCS) recurse-all
+
 subdir-%: dyngen$(EXESUF)
 	$(MAKE) -C $(subst subdir-,,$@) all
 
 recurse-all: $(patsubst %,subdir-%, $(TARGET_DIRS))
         
-all: $(TOOLS) $(DOCS) recurse-all
-
 qemu-img$(EXESUF): qemu-img.c block.c block-cow.c block-qcow.c aes.c block-vmdk.c block-cloop.c block-dmg.c block-bochs.c block-vpc.c block-vvfat.c
 	$(CC) -DQEMU_TOOL $(CFLAGS) $(LDFLAGS) $(DEFINES) -o $@ $^ -lz $(LIBS)