4A: 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.
4A
Largest movements
- Receivables within one year +€5,286
up €5,286 (+12.5%), from €42,397 to €47,683
of which Other amounts receivable: +€4,218
- Profit (loss) carried forward +€15,105
up €15,105, from -€11,014 to €4,091
- Tax, wage and social debts -€10,216
down €10,216 (-25.7%), from €39,685 to €29,469
- Gross operating margin +€5,244
up €5,244 (+33.5%), from €15,672 to €20,915
- Purchases and services -€5,047
down €5,047 (-7.4%), from €68,400 to €63,353
- Other operating charges -€1,664
down €1,664 (-83.2%), from €1,999 to €335
- Financial charges +€1,557
up €1,557 (+110.2%), from €1,413 to €2,970
- Taxes +€627
up €627 (+12.3%), from €5,100 to €5,727
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 | €43,483 | €48,518 | +€5,035 | +11.6% |
| Fixed assets | 21/28 | €336 | €84 | -€252 | -75.0% |
| Tangible fixed assets | 22/27 | €286 | €34 | -€252 | -88.1% |
| Furniture and vehicles | 24 | €286 | €34 | -€252 | -88.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €43,147 | €48,434 | +€5,287 | +12.3% |
| Amounts receivable within one year | 40/41 | €42,397 | €47,683 | +€5,286 | +12.5% |
| Trade receivables | 40 | €8,007 | €9,075 | +€1,068 | +13.3% |
| Other amounts receivable | 41 | €34,390 | €38,608 | +€4,218 | +12.3% |
| Cash at bank and in hand | 54/58 | €750 | €751 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €43,483 | €48,518 | +€5,035 | +11.6% |
| Equity | 10/15 | -€4,814 | €10,291 | +€15,105 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,014 | €4,091 | +€15,105 | |
| Amounts payable | 17/49 | €48,297 | €38,227 | -€10,070 | -20.8% |
| Amounts payable within one year | 42/48 | €48,297 | €38,227 | -€10,070 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €4,083 | €3,942 | -€141 | -3.5% |
| Trade debts | 44 | €4,529 | €4,816 | +€287 | +6.3% |
| Suppliers | 440/4 | €4,529 | €4,816 | +€287 | +6.3% |
| Taxes, remuneration and social security | 45 | €39,685 | €29,469 | -€10,216 | -25.7% |
| Taxes | 450/3 | €39,685 | €29,469 | -€10,216 | -25.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €68,400 | €63,353 | -€5,047 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €252 | = | 0.0% |
| Other operating charges | 640/8 | €1,999 | €335 | -€1,664 | -83.2% |
| Gross operating margin | 9900 | €15,672 | €20,915 | +€5,244 | +33.5% |
| Operating profit (loss) | 9901 | €13,420 | €20,329 | +€6,908 | +51.5% |
| Financial income | 75/76B | €3,966 | €3,474 | -€492 | -12.4% |
| Recurring financial income | 75 | €3,349 | €3,474 | +€125 | +3.7% |
| Non-recurring financial income | 76B | €617 | - | -€617 | |
| Financial charges | 65/66B | €1,413 | €2,970 | +€1,557 | +110.2% |
| Recurring financial charges | 65 | €1,413 | €2,970 | +€1,557 | +110.2% |
| Profit (loss) for the period before taxes | 9903 | €15,973 | €20,832 | +€4,859 | +30.4% |
| Income taxes | 67/77 | €5,100 | €5,727 | +€627 | +12.3% |
| Profit (loss) for the period | 9904 | €10,873 | €15,105 | +€4,232 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,873 | €15,105 | +€4,232 | +38.9% |
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 6 October 2026 via checked.be.