4 EYES: 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 EYES
Largest movements
- Receivables within one year -€15,603
down €15,603 (-68.4%), from €22,811 to €7,209
of which Trade receivables: -€16,394
- Deferred charges and accrued income -€781
down €781 (-72.3%), from €1,080 to €299
- Tangible fixed assets -€662
down €662 (-52.9%), from €1,252 to €590
- Profit (loss) carried forward -€12,097
down €12,097 (-84.2%), from €14,363 to €2,267
- Tax, wage and social debts -€2,610
down €2,610 (-15.2%), from €17,143 to €14,533
of which Remuneration and social security: -€1,685
- Other debts -€1,977
down €1,977 (-82.5%), from €2,395 to €418
- Staff costs +€14,823
new in 2025: €14,823
- Gross operating margin -€6,327
down €6,327 (-57.4%), from €11,020 to €4,693
- Other operating charges -€1,188
down €1,188 (-63.2%), from €1,878 to €690
- Taxes -€569
down €569 (-73.2%), from €777 to €208
- Depreciation -€369
down €369 (-35.8%), from €1,031 to €662
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 | €42,292 | €25,254 | -€17,038 | -40.3% |
| Fixed assets | 21/28 | €2,602 | €1,940 | -€662 | -25.5% |
| Tangible fixed assets | 22/27 | €1,252 | €590 | -€662 | -52.9% |
| Furniture and vehicles | 24 | €1,252 | €590 | -€662 | -52.9% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €39,690 | €23,314 | -€16,376 | -41.3% |
| Amounts receivable within one year | 40/41 | €22,811 | €7,209 | -€15,603 | -68.4% |
| Trade receivables | 40 | €22,732 | €6,338 | -€16,394 | -72.1% |
| Other amounts receivable | 41 | €79 | €871 | +€792 | +997% |
| Cash at bank and in hand | 54/58 | €15,798 | €15,806 | +€8 | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,080 | €299 | -€781 | -72.3% |
| Total equity and liabilities | 10/49 | €42,292 | €25,254 | -€17,038 | -40.3% |
| Equity | 10/15 | €20,563 | €8,467 | -€12,097 | -58.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,363 | €2,267 | -€12,097 | -84.2% |
| Amounts payable | 17/49 | €21,729 | €16,787 | -€4,941 | -22.7% |
| Amounts payable within one year | 42/48 | €21,729 | €16,787 | -€4,941 | -22.7% |
| Trade debts | 44 | €2,191 | €1,836 | -€355 | -16.2% |
| Suppliers | 440/4 | €2,191 | €1,836 | -€355 | -16.2% |
| Taxes, remuneration and social security | 45 | €17,143 | €14,533 | -€2,610 | -15.2% |
| Taxes | 450/3 | €11,143 | €10,218 | -€925 | -8.3% |
| Remuneration and social security | 454/9 | €6,000 | €4,315 | -€1,685 | -28.1% |
| Other amounts payable | 47/48 | €2,395 | €418 | -€1,977 | -82.5% |
| Remuneration, social security and pensions | 62 | - | €14,823 | +€14,823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,031 | €662 | -€369 | -35.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €201 | +€201 | |
| Other operating charges | 640/8 | €1,878 | €690 | -€1,188 | -63.2% |
| Gross operating margin | 9900 | €11,020 | €4,693 | -€6,327 | -57.4% |
| Operating profit (loss) | 9901 | €8,110 | -€11,684 | -€19,794 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €209 | €204 | -€5 | -2.2% |
| Recurring financial charges | 65 | €209 | €204 | -€5 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €7,901 | -€11,888 | -€19,789 | |
| Income taxes | 67/77 | €777 | €208 | -€569 | -73.2% |
| Profit (loss) for the period | 9904 | €7,124 | -€12,097 | -€19,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,124 | -€12,097 | -€19,221 |
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 30 October 2026 via checked.be.