4ED ADVICE: 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.
4ED ADVICE
Largest movements
- Cash -€48,276
down €48,276 (-79.8%), from €60,471 to €12,195
mainly Contributions, distributions and other (-€304,059) and Deferred charges and accrued income (-€46,045)
- Deferred charges and accrued income +€46,045
up €46,045 (+45.1%), from €102,154 to €148,199
- Receivables within one year +€23,696
new in 2025: €23,696
- Other debts +€131,431
up €131,431 (+3701.4%), from €3,551 to €134,982
- Profit (loss) carried forward -€95,744
down €95,744 (-96.8%), from €98,932 to €3,188
- Tax, wage and social debts -€13,705
down €13,705 (-22.9%), from €59,914 to €46,209
- Gross operating margin +€47,630
up €47,630 (+20.9%), from €228,139 to €275,769
- Taxes +€12,154
up €12,154 (+23.2%), from €52,499 to €64,653
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 | €168,164 | €189,672 | +€21,508 | +12.8% |
| Fixed assets | 21/28 | €5,539 | €5,583 | +€44 | +0.8% |
| Tangible fixed assets | 22/27 | €5,479 | €5,523 | +€44 | +0.8% |
| Furniture and vehicles | 24 | €5,479 | €5,523 | +€44 | +0.8% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €162,625 | €184,090 | +€21,464 | +13.2% |
| Amounts receivable within one year | 40/41 | - | €23,696 | +€23,696 | |
| Trade receivables | 40 | - | €23,696 | +€23,696 | |
| Cash at bank and in hand | 54/58 | €60,471 | €12,195 | -€48,276 | -79.8% |
| Deferred charges and accrued income | 490/1 | €102,154 | €148,199 | +€46,045 | +45.1% |
| Total equity and liabilities | 10/49 | €168,164 | €189,672 | +€21,508 | +12.8% |
| Equity | 10/15 | €103,932 | €8,188 | -€95,744 | -92.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,932 | €3,188 | -€95,744 | -96.8% |
| Amounts payable | 17/49 | €64,232 | €181,485 | +€117,253 | +182.5% |
| Amounts payable within one year | 42/48 | €63,482 | €181,485 | +€118,003 | +185.9% |
| Trade debts | 44 | €18 | €294 | +€276 | +1561.0% |
| Suppliers | 440/4 | €18 | €294 | +€276 | +1561.0% |
| Taxes, remuneration and social security | 45 | €59,914 | €46,209 | -€13,705 | -22.9% |
| Taxes | 450/3 | €59,914 | €46,209 | -€13,705 | -22.9% |
| Other amounts payable | 47/48 | €3,551 | €134,982 | +€131,431 | +3701.4% |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | €1,299 | +€801 | +160.6% |
| Other operating charges | 640/8 | €706 | €1,395 | +€689 | +97.6% |
| Gross operating margin | 9900 | €228,139 | €275,769 | +€47,630 | +20.9% |
| Operating profit (loss) | 9901 | €226,934 | €273,075 | +€46,141 | +20.3% |
| Financial charges | 65/66B | €112 | €108 | -€5 | -4.1% |
| Recurring financial charges | 65 | €112 | €108 | -€5 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €226,822 | €272,967 | +€46,146 | +20.3% |
| Income taxes | 67/77 | €52,499 | €64,653 | +€12,154 | +23.2% |
| Profit (loss) for the period | 9904 | €174,323 | €208,314 | +€33,992 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €174,323 | €208,314 | +€33,992 | +19.5% |
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 11 October 2026 via checked.be.