1T4U: 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.
1T4U
Largest movements
- Tangible fixed assets -€32,901
down €32,901 (-26.5%), from €124,213 to €91,312
of which Furniture and vehicles: -€17,682
- Intangible fixed assets -€32,000
down €32,000 (-15.9%), from €201,468 to €169,468
- Deferred charges and accrued income +€20,337
up €20,337 (+1,075%), from €1,892 to €22,229
- Cash +€15,000
up €15,000 (+214%), from €7,000 to €22,000
mainly Depreciation (+€49,213) and Net result for the year (+€29,883)
- Receivables within one year +€14,171
up €14,171 (+17.5%), from €80,970 to €95,141
of which Other amounts receivable: +€12,496
- Profit (loss) carried forward +€93,033
up €93,033 (+9,927%), from €937 to €93,970
- Reserves -€63,150
down €63,150 (-97.1%), from €65,010 to €1,860
of which Tax-exempt reserves: -€63,150
- Debts after one year -€41,266
down €41,266 (-21.8%), from €189,272 to €148,005
- Current portion of long-term debt -€12,798
down €12,798 (-23.7%), from €54,064 to €41,266
- Short-term financial debts +€10,060
up €10,060 (+1,734%), from €580 to €10,640
- Staff costs +€22,642
up €22,642 (+21.4%), from €105,715 to €128,357
- Gross operating margin +€19,490
up €19,490 (+8.9%), from €220,119 to €239,609
- Taxes +€7,184
up €7,184 (+58.3%), from €12,317 to €19,501
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 | €415,673 | €400,280 | -€15,393 | -3.7% |
| Fixed assets | 21/28 | €325,811 | €260,910 | -€64,901 | -19.9% |
| Intangible fixed assets | 21 | €201,468 | €169,468 | -€32,000 | -15.9% |
| Tangible fixed assets | 22/27 | €124,213 | €91,312 | -€32,901 | -26.5% |
| Land and buildings | 22 | €26,957 | €23,710 | -€3,247 | -12.0% |
| Plant, machinery and equipment | 23 | €72,506 | €60,533 | -€11,973 | -16.5% |
| Furniture and vehicles | 24 | €24,750 | €7,069 | -€17,682 | -71.4% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €89,861 | €139,370 | +€49,508 | +55.1% |
| Amounts receivable within one year | 40/41 | €80,970 | €95,141 | +€14,171 | +17.5% |
| Trade receivables | 40 | €50,122 | €51,797 | +€1,675 | +3.3% |
| Other amounts receivable | 41 | €30,848 | €43,344 | +€12,496 | +40.5% |
| Cash at bank and in hand | 54/58 | €7,000 | €22,000 | +€15,000 | +214% |
| Deferred charges and accrued income | 490/1 | €1,892 | €22,229 | +€20,337 | +1,075% |
| Total equity and liabilities | 10/49 | €415,673 | €400,280 | -€15,393 | -3.7% |
| Equity | 10/15 | €84,542 | €114,425 | +€29,883 | +35.3% |
| Contributions | 10/11 | €18,595 | €18,595 | = | 0.0% |
| Reserves | 13 | €65,010 | €1,860 | -€63,150 | -97.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | - | -€63,150 | |
| Profit (loss) carried forward | 14 | €937 | €93,970 | +€93,033 | +9,927% |
| Amounts payable | 17/49 | €331,131 | €285,855 | -€45,276 | -13.7% |
| Amounts payable after more than one year | 17 | €189,272 | €148,005 | -€41,266 | -21.8% |
| Financial debts | 170/4 | €189,272 | €148,005 | -€41,266 | -21.8% |
| Amounts payable within one year | 42/48 | €141,859 | €137,850 | -€4,009 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €54,064 | €41,266 | -€12,798 | -23.7% |
| Financial debts | 43 | €580 | €10,640 | +€10,060 | +1,734% |
| Credit institutions | 430/8 | €580 | €10,640 | +€10,060 | +1,734% |
| Trade debts | 44 | €6,758 | €6,284 | -€475 | -7.0% |
| Suppliers | 440/4 | €6,758 | €6,284 | -€475 | -7.0% |
| Taxes, remuneration and social security | 45 | €18,107 | €26,670 | +€8,563 | +47.3% |
| Taxes | 450/3 | €1,140 | €8,468 | +€7,328 | +643% |
| Remuneration and social security | 454/9 | €16,967 | €18,202 | +€1,235 | +7.3% |
| Other amounts payable | 47/48 | €62,349 | €52,989 | -€9,360 | -15.0% |
| Remuneration, social security and pensions | 62 | €105,715 | €128,357 | +€22,642 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,225 | €49,213 | -€2,011 | -3.9% |
| Other operating charges | 640/8 | €5,050 | €4,864 | -€185 | -3.7% |
| Non-recurring operating charges | 66A | €40 | - | -€40 | |
| Gross operating margin | 9900 | €220,119 | €239,609 | +€19,490 | +8.9% |
| Operating profit (loss) | 9901 | €58,090 | €57,175 | -€915 | -1.6% |
| Financial income | 75/76B | €204 | €438 | +€234 | +115% |
| Recurring financial income | 75 | €204 | €438 | +€234 | +115% |
| Financial charges | 65/66B | €7,201 | €8,229 | +€1,028 | +14.3% |
| Recurring financial charges | 65 | €7,201 | €8,229 | +€1,028 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €51,093 | €49,384 | -€1,709 | -3.3% |
| Income taxes | 67/77 | €12,317 | €19,501 | +€7,184 | +58.3% |
| Profit (loss) for the period | 9904 | €38,776 | €29,883 | -€8,893 | -22.9% |
| Transfer from tax-exempt reserves | 789 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,776 | €93,033 | +€54,257 | +140% |
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.