4-EYES: what changed
Two fiscal 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
- Cash -€24,602
down €24,602 (-37.3%), from €65,953 to €41,351
mainly Contributions, distributions and other (-€16,000) and Receivables within one year (-€7,634)
- Receivables within one year +€7,634
up €7,634 (+173.6%), from €4,397 to €12,031
of which Trade receivables: +€12,031
- Tangible fixed assets +€1,702
up €1,702 (+73.4%), from €2,321 to €4,023
- Reserves -€16,000
down €16,000 (-32.1%), from €49,860 to €33,860
- Other debts +€3,081
up €3,081 (+25.0%), from €12,350 to €15,431
- Profit (loss) carried forward -€2,034
down €2,034 (-80.7%), from €2,521 to €487
- Gross operating margin +€2,347
up €2,347, from -€247 to €2,100
- Other operating charges +€707
up €707 (+114.3%), from €618 to €1,325
- Financial charges +€443
up €443 (+1266.1%), from €35 to €478
- Taxes +€398
up €398, from -€157 to €241
- Financial income -€146
no longer reported in 2025 (was €146)
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.
Cash bridge derived
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 | €73,271 | €58,106 | -€15,166 | -20.7% |
| Fixed assets | 21/28 | €2,321 | €4,023 | +€1,702 | +73.4% |
| Tangible fixed assets | 22/27 | €2,321 | €4,023 | +€1,702 | +73.4% |
| Furniture and vehicles | 24 | €2,321 | €4,023 | +€1,702 | +73.4% |
| Current assets | 29/58 | €70,951 | €54,082 | -€16,868 | -23.8% |
| Amounts receivable within one year | 40/41 | €4,397 | €12,031 | +€7,634 | +173.6% |
| Trade receivables | 40 | - | €12,031 | +€12,031 | |
| Other amounts receivable | 41 | €4,397 | - | -€4,397 | |
| Cash at bank and in hand | 54/58 | €65,953 | €41,351 | -€24,602 | -37.3% |
| Deferred charges and accrued income | 490/1 | €600 | €700 | +€100 | +16.7% |
| Total equity and liabilities | 10/49 | €73,271 | €58,106 | -€15,166 | -20.7% |
| Equity | 10/15 | €58,581 | €40,547 | -€18,034 | -30.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,860 | €33,860 | -€16,000 | -32.1% |
| Distributable reserves | 133 | €49,860 | €33,860 | -€16,000 | -32.1% |
| Profit (loss) carried forward | 14 | €2,521 | €487 | -€2,034 | -80.7% |
| Amounts payable | 17/49 | €14,690 | €17,558 | +€2,868 | +19.5% |
| Amounts payable within one year | 42/48 | €14,690 | €17,558 | +€2,868 | +19.5% |
| Trade debts | 44 | €1,534 | €858 | -€677 | -44.1% |
| Suppliers | 440/4 | €1,534 | €858 | -€677 | -44.1% |
| Taxes, remuneration and social security | 45 | €806 | €1,269 | +€464 | +57.6% |
| Taxes | 450/3 | €806 | €1,269 | +€464 | +57.6% |
| Other amounts payable | 47/48 | €12,350 | €15,431 | +€3,081 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,208 | €2,090 | -€117 | -5.3% |
| Other operating charges | 640/8 | €618 | €1,325 | +€707 | +114.3% |
| Non-recurring operating charges | 66A | €280 | - | -€280 | |
| Gross operating margin | 9900 | -€247 | €2,100 | +€2,347 | |
| Operating profit (loss) | 9901 | -€3,353 | -€1,315 | +€2,038 | +60.8% |
| Financial income | 75/76B | €146 | - | -€146 | |
| Recurring financial income | 75 | €146 | - | -€146 | |
| Financial charges | 65/66B | €35 | €478 | +€443 | +1266.1% |
| Recurring financial charges | 65 | €35 | €478 | +€443 | +1266.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,242 | -€1,793 | +€1,448 | +44.7% |
| Income taxes | 67/77 | -€157 | €241 | +€398 | |
| Profit (loss) for the period | 9904 | -€3,085 | -€2,034 | +€1,051 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,085 | -€2,034 | +€1,051 | +34.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.