400Degrees: 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.
400Degrees
Largest movements
- Cash -€140,710
down €140,710 (-70.4%), from €199,862 to €59,153
mainly Other debts (-€192,449) and Receivables within one year (-€132,420)
- Receivables within one year +€132,420
up €132,420 (+491%), from €26,993 to €159,413
of which Other amounts receivable: +€92,206
- Other debts -€192,449
down €192,449 (-53.6%), from €359,382 to €166,933
- Reserves +€176,986
up €176,986 (+3,338%), from €5,302 to €182,288
- Financial income -€94,277
down €94,277 (-48.8%), from €193,277 to €99,000
of which Financial income: -€72,444
- Depreciation -€2,819
down €2,819 (-45.8%), from €6,159 to €3,340
- Gross operating margin -€1,463
down €1,463 (-1.3%), from €111,770 to €110,307
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 | €495,740 | €480,137 | -€15,604 | -3.1% |
| Fixed assets | 21/28 | €261,963 | €258,623 | -€3,340 | -1.3% |
| Tangible fixed assets | 22/27 | €3,340 | - | -€3,340 | |
| Furniture and vehicles | 24 | €3,340 | - | -€3,340 | |
| Financial fixed assets | 28 | €258,623 | €258,623 | = | 0.0% |
| Current assets | 29/58 | €233,777 | €221,514 | -€12,264 | -5.2% |
| Amounts receivable within one year | 40/41 | €26,993 | €159,413 | +€132,420 | +491% |
| Trade receivables | 40 | €19,820 | €60,034 | +€40,214 | +203% |
| Other amounts receivable | 41 | €7,173 | €99,379 | +€92,206 | +1,285% |
| Cash at bank and in hand | 54/58 | €199,862 | €59,153 | -€140,710 | -70.4% |
| Deferred charges and accrued income | 490/1 | €6,922 | €2,948 | -€3,973 | -57.4% |
| Total equity and liabilities | 10/49 | €495,740 | €480,137 | -€15,604 | -3.1% |
| Equity | 10/15 | €125,302 | €302,288 | +€176,986 | +141% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €5,302 | €182,288 | +€176,986 | +3,338% |
| Distributable reserves | 133 | €5,302 | €182,288 | +€176,986 | +3,338% |
| Amounts payable | 17/49 | €370,438 | €177,849 | -€192,589 | -52.0% |
| Amounts payable within one year | 42/48 | €370,438 | €177,849 | -€192,589 | -52.0% |
| Trade debts | 44 | €1,268 | €966 | -€302 | -23.8% |
| Suppliers | 440/4 | €1,268 | €966 | -€302 | -23.8% |
| Taxes, remuneration and social security | 45 | €9,788 | €9,950 | +€162 | +1.7% |
| Taxes | 450/3 | €9,788 | €9,950 | +€162 | +1.7% |
| Other amounts payable | 47/48 | €359,382 | €166,933 | -€192,449 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,159 | €3,340 | -€2,819 | -45.8% |
| Other operating charges | 640/8 | €1,318 | €1,297 | -€21 | -1.6% |
| Gross operating margin | 9900 | €111,770 | €110,307 | -€1,463 | -1.3% |
| Operating profit (loss) | 9901 | €104,293 | €105,670 | +€1,376 | +1.3% |
| Financial income | 75/76B | €193,277 | €99,000 | -€94,277 | -48.8% |
| Recurring financial income | 75 | €171,444 | €99,000 | -€72,444 | -42.3% |
| Non-recurring financial income | 76B | €21,833 | - | -€21,833 | |
| Financial charges | 65/66B | €69 | €63 | -€6 | -8.9% |
| Recurring financial charges | 65 | €69 | €63 | -€6 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €297,501 | €204,607 | -€92,894 | -31.2% |
| Income taxes | 67/77 | €27,827 | €27,621 | -€206 | -0.7% |
| Profit (loss) for the period | 9904 | €269,674 | €176,986 | -€92,688 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €269,674 | €176,986 | -€92,688 | -34.4% |
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 15 October 2026 via checked.be.