4 us: 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 us
Largest movements
- Cash -€18,338
down €18,338 (-92.0%), from €19,940 to €1,602
mainly Debts after one year (-€72,500) and Investment in fixed assets (net) (-€60,000)
- Receivables within one year -€13,932
down €13,932 (-100.0%), from €13,932 to €0
- Debts after one year -€72,500
down €72,500 (-10.8%), from €672,500 to €600,000
- Current portion of long-term debt +€37,665
new in 2025: €37,665
- Profit (loss) carried forward +€34,546
up €34,546 (+55.3%), from -€62,441 to -€27,895
- Other debts -€29,225
down €29,225 (-70.6%), from €41,404 to €12,179
- Trade debts +€8,899
up €8,899 (+9806.5%), from €91 to €8,990
- Gross operating margin +€24,364
up €24,364 (+34.4%), from €70,732 to €95,096
- Other operating charges -€5,473
down €5,473 (-48.5%), from €11,281 to €5,808
- Depreciation +€3,368
up €3,368 (+6.7%), from €50,469 to €53,836
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 | €710,136 | €684,030 | -€26,106 | -3.7% |
| Fixed assets | 21/28 | €676,264 | €682,428 | +€6,164 | +0.9% |
| Tangible fixed assets | 22/27 | €675,752 | €681,915 | +€6,164 | +0.9% |
| Land and buildings | 22 | €674,827 | €681,307 | +€6,480 | +1.0% |
| Plant, machinery and equipment | 23 | €925 | €609 | -€316 | -34.2% |
| Financial fixed assets | 28 | €513 | €513 | = | 0.0% |
| Current assets | 29/58 | €33,872 | €1,602 | -€32,270 | -95.3% |
| Amounts receivable within one year | 40/41 | €13,932 | €0 | -€13,932 | -100.0% |
| Trade receivables | 40 | €13,932 | €0 | -€13,932 | -100.0% |
| Cash at bank and in hand | 54/58 | €19,940 | €1,602 | -€18,338 | -92.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €710,136 | €684,030 | -€26,106 | -3.7% |
| Equity | 10/15 | -€12,441 | €22,105 | +€34,546 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,441 | -€27,895 | +€34,546 | +55.3% |
| Amounts payable | 17/49 | €722,577 | €661,925 | -€60,652 | -8.4% |
| Amounts payable after more than one year | 17 | €672,500 | €600,000 | -€72,500 | -10.8% |
| Financial debts | 170/4 | €672,500 | €600,000 | -€72,500 | -10.8% |
| Amounts payable within one year | 42/48 | €43,193 | €61,925 | +€18,732 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | - | €37,665 | +€37,665 | |
| Trade debts | 44 | €91 | €8,990 | +€8,899 | +9806.5% |
| Suppliers | 440/4 | €91 | €8,990 | +€8,899 | +9806.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,698 | €3,091 | +€1,393 | +82.0% |
| Taxes | 450/3 | €1,698 | €3,091 | +€1,393 | +82.0% |
| Other amounts payable | 47/48 | €41,404 | €12,179 | -€29,225 | -70.6% |
| Accrued charges and deferred income | 492/3 | €6,884 | €0 | -€6,884 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,469 | €53,836 | +€3,368 | +6.7% |
| Other operating charges | 640/8 | €11,281 | €5,808 | -€5,473 | -48.5% |
| Gross operating margin | 9900 | €70,732 | €95,096 | +€24,364 | +34.4% |
| Operating profit (loss) | 9901 | €8,982 | €35,451 | +€26,470 | +294.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €74 | €906 | +€832 | +1132.0% |
| Recurring financial charges | 65 | €74 | €906 | +€832 | +1132.0% |
| Profit (loss) for the period before taxes | 9903 | €8,908 | €34,546 | +€25,638 | +287.8% |
| Profit (loss) for the period | 9904 | €8,908 | €34,546 | +€25,638 | +287.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,908 | €34,546 | +€25,638 | +287.8% |
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 3 October 2026 via checked.be.