@4: 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.
@4
Largest movements
- Stocks and contracts +€2,063
up €2,063 (+59.2%), from €3,485 to €5,549
- Tangible fixed assets +€1,882
up €1,882 (+13.7%), from €13,763 to €15,645
of which Plant, machinery and equipment: +€2,957
- Cash +€1,506
up €1,506 (+8.7%), from €17,324 to €18,829
mainly Net result for the year (+€6,696) and Other debts (+€4,871)
- Intangible fixed assets -€1,500
down €1,500 (-10.5%), from €14,244 to €12,744
- Receivables within one year +€1,124
up €1,124 (+1,517%), from €74 to €1,198
- Profit (loss) carried forward +€6,696
up €6,696 (+29.8%), from -€22,481 to -€15,786
- Other debts +€4,871
up €4,871 (+12.9%), from €37,897 to €42,767
- Trade debts -€3,721
down €3,721 (-52.4%), from €7,094 to €3,373
- Tax, wage and social debts -€2,770
down €2,770 (-50.5%), from €5,485 to €2,715
of which Remuneration and social security: -€2,195
- Gross operating margin +€8,507
up €8,507 (+301%), from €2,822 to €11,329
- Depreciation +€2,793
up €2,793 (+235%), from €1,190 to €3,983
- Financial charges -€830
down €830 (-81.5%), from €1,019 to €189
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 | €48,890 | €53,965 | +€5,075 | +10.4% |
| Fixed assets | 21/28 | €28,007 | €28,389 | +€382 | +1.4% |
| Intangible fixed assets | 21 | €14,244 | €12,744 | -€1,500 | -10.5% |
| Tangible fixed assets | 22/27 | €13,763 | €15,645 | +€1,882 | +13.7% |
| Plant, machinery and equipment | 23 | €4,748 | €7,705 | +€2,957 | +62.3% |
| Furniture and vehicles | 24 | - | €764 | +€764 | |
| Other tangible fixed assets | 26 | €9,015 | €7,175 | -€1,839 | -20.4% |
| Current assets | 29/58 | €20,883 | €25,576 | +€4,693 | +22.5% |
| Stocks and contracts in progress | 3 | €3,485 | €5,549 | +€2,063 | +59.2% |
| Stocks | 30/36 | €3,485 | €5,549 | +€2,063 | +59.2% |
| Amounts receivable within one year | 40/41 | €74 | €1,198 | +€1,124 | +1,517% |
| Other amounts receivable | 41 | €74 | €1,198 | +€1,124 | +1,517% |
| Cash at bank and in hand | 54/58 | €17,324 | €18,829 | +€1,506 | +8.7% |
| Total equity and liabilities | 10/49 | €48,890 | €53,965 | +€5,075 | +10.4% |
| Equity | 10/15 | -€1,587 | €5,109 | +€6,696 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,345 | €2,345 | = | 0.0% |
| Non-distributable reserves | 130/1 | €186 | €186 | = | 0.0% |
| Reserves not available under the articles | 1311 | €186 | €186 | = | 0.0% |
| Distributable reserves | 133 | €2,159 | €2,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,481 | -€15,786 | +€6,696 | +29.8% |
| Amounts payable | 17/49 | €50,476 | €48,856 | -€1,620 | -3.2% |
| Amounts payable within one year | 42/48 | €50,476 | €48,856 | -€1,620 | -3.2% |
| Trade debts | 44 | €7,094 | €3,373 | -€3,721 | -52.4% |
| Suppliers | 440/4 | €7,094 | €3,373 | -€3,721 | -52.4% |
| Taxes, remuneration and social security | 45 | €5,485 | €2,715 | -€2,770 | -50.5% |
| Taxes | 450/3 | €3,290 | €2,715 | -€575 | -17.5% |
| Remuneration and social security | 454/9 | €2,195 | - | -€2,195 | |
| Other amounts payable | 47/48 | €37,897 | €42,767 | +€4,871 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,190 | €3,983 | +€2,793 | +235% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €2,822 | €11,329 | +€8,507 | +301% |
| Operating profit (loss) | 9901 | €1,105 | €6,803 | +€5,698 | +516% |
| Financial income | 75/76B | €9 | €81 | +€72 | +828% |
| Recurring financial income | 75 | €9 | €81 | +€72 | +828% |
| Financial charges | 65/66B | €1,019 | €189 | -€830 | -81.5% |
| Recurring financial charges | 65 | €1,019 | €189 | -€830 | -81.5% |
| Profit (loss) for the period before taxes | 9903 | €95 | €6,696 | +€6,601 | +6,966% |
| Profit (loss) for the period | 9904 | €95 | €6,696 | +€6,601 | +6,966% |
| Profit (loss) for the period to be appropriated | 9905 | €95 | €6,696 | +€6,601 | +6,966% |
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.