4802: 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.
4802
Largest movements
- Tangible fixed assets +€25,281
up €25,281 (+77.8%), from €32,488 to €57,769
of which Furniture and vehicles: +€28,708
- Receivables within one year -€3,880
down €3,880 (-31.6%), from €12,267 to €8,387
of which Trade receivables: -€3,824
- Cash +€2,693
up €2,693 (+43.1%), from €6,247 to €8,941
mainly Depreciation (+€19,552) and Debts after one year (+€17,285)
- Debts after one year +€17,285
up €17,285 (+184.7%), from €9,360 to €26,645
- Current portion of long-term debt +€9,836
up €9,836 (+157.6%), from €6,240 to €16,076
- Trade debts -€5,302
down €5,302 (-81.4%), from €6,510 to €1,209
- Profit (loss) carried forward +€2,064
up €2,064 (+11.6%), from €17,730 to €19,793
- Gross operating margin -€11,014
down €11,014 (-30.2%), from €36,419 to €25,405
- Depreciation +€7,527
up €7,527 (+62.6%), from €12,026 to €19,552
- Taxes -€5,439
down €5,439 (-91.9%), from €5,917 to €478
- Financial charges +€1,351
up €1,351 (+564.2%), from €239 to €1,590
- Other operating charges +€1,322
up €1,322 (+303.7%), from €435 to €1,757
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 | €53,340 | €77,860 | +€24,519 | +46.0% |
| Fixed assets | 21/28 | €32,488 | €57,769 | +€25,281 | +77.8% |
| Tangible fixed assets | 22/27 | €32,488 | €57,769 | +€25,281 | +77.8% |
| Plant, machinery and equipment | 23 | €15,050 | €11,624 | -€3,426 | -22.8% |
| Furniture and vehicles | 24 | €17,438 | €46,146 | +€28,708 | +164.6% |
| Current assets | 29/58 | €20,852 | €20,090 | -€762 | -3.7% |
| Amounts receivable within one year | 40/41 | €12,267 | €8,387 | -€3,880 | -31.6% |
| Trade receivables | 40 | €7,225 | €3,401 | -€3,824 | -52.9% |
| Other amounts receivable | 41 | €5,042 | €4,986 | -€56 | -1.1% |
| Cash at bank and in hand | 54/58 | €6,247 | €8,941 | +€2,693 | +43.1% |
| Deferred charges and accrued income | 490/1 | €2,338 | €2,763 | +€425 | +18.2% |
| Total equity and liabilities | 10/49 | €53,340 | €77,860 | +€24,519 | +46.0% |
| Equity | 10/15 | €31,230 | €33,293 | +€2,064 | +6.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,730 | €19,793 | +€2,064 | +11.6% |
| Amounts payable | 17/49 | €22,111 | €44,566 | +€22,456 | +101.6% |
| Amounts payable after more than one year | 17 | €9,360 | €26,645 | +€17,285 | +184.7% |
| Financial debts | 170/4 | €9,360 | €26,645 | +€17,285 | +184.7% |
| Amounts payable within one year | 42/48 | €12,751 | €17,921 | +€5,171 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €6,240 | €16,076 | +€9,836 | +157.6% |
| Trade debts | 44 | €6,510 | €1,209 | -€5,302 | -81.4% |
| Suppliers | 440/4 | €6,510 | €1,209 | -€5,302 | -81.4% |
| Taxes, remuneration and social security | 45 | - | €135 | +€135 | |
| Taxes | 450/3 | - | €135 | +€135 | |
| Other amounts payable | 47/48 | - | €502 | +€502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,026 | €19,552 | +€7,527 | +62.6% |
| Other operating charges | 640/8 | €435 | €1,757 | +€1,322 | +303.7% |
| Gross operating margin | 9900 | €36,419 | €25,405 | -€11,014 | -30.2% |
| Operating profit (loss) | 9901 | €23,958 | €4,096 | -€19,862 | -82.9% |
| Financial income | 75/76B | €167 | €36 | -€131 | -78.4% |
| Recurring financial income | 75 | €167 | €36 | -€131 | -78.4% |
| Financial charges | 65/66B | €239 | €1,590 | +€1,351 | +564.2% |
| Recurring financial charges | 65 | €239 | €1,590 | +€1,351 | +564.2% |
| Profit (loss) for the period before taxes | 9903 | €23,885 | €2,542 | -€21,343 | -89.4% |
| Income taxes | 67/77 | €5,917 | €478 | -€5,439 | -91.9% |
| Profit (loss) for the period | 9904 | €17,968 | €2,064 | -€15,905 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,968 | €2,064 | -€15,905 | -88.5% |
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 9 October 2026 via checked.be.