4Elements: 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.
4Elements
Largest movements
- Deferred charges and accrued income +€156,891
up €156,891 (+85.7%), from €183,057 to €339,949
- Receivables within one year -€53,169
down €53,169 (-39.6%), from €134,311 to €81,142
of which Trade receivables: -€83,169
- Profit (loss) carried forward +€133,794
up €133,794 (+14.6%), from €917,667 to €1.1m
- Current portion of long-term debt -€48,923
down €48,923 (-90.5%), from €54,045 to €5,122
- Gross operating margin +€8,190
up €8,190 (+3.4%), from €244,367 to €252,557
- Staff costs +€4,124
up €4,124 (+6.5%), from €63,606 to €67,730
- Taxes +€3,051
up €3,051 (+6.8%), from €45,030 to €48,081
- Financial charges -€2,641
down €2,641 (-60.1%), from €4,394 to €1,752
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 | €3,078,250 | €3,172,990 | +€94,739 | +3.1% |
| Fixed assets | 21/28 | €2,744,124 | €2,744,124 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,744,124 | €2,744,124 | = | 0.0% |
| Land and buildings | 22 | €2,744,124 | €2,744,124 | = | 0.0% |
| Current assets | 29/58 | €334,126 | €428,866 | +€94,739 | +28.4% |
| Amounts receivable within one year | 40/41 | €134,311 | €81,142 | -€53,169 | -39.6% |
| Trade receivables | 40 | €134,311 | €51,142 | -€83,169 | -61.9% |
| Other amounts receivable | 41 | €0 | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €16,758 | €7,775 | -€8,983 | -53.6% |
| Deferred charges and accrued income | 490/1 | €183,057 | €339,949 | +€156,891 | +85.7% |
| Total equity and liabilities | 10/49 | €3,078,250 | €3,172,990 | +€94,739 | +3.1% |
| Equity | 10/15 | €2,980,667 | €3,114,461 | +€133,794 | +4.5% |
| Contributions | 10/11 | €2,033,000 | €2,033,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €917,667 | €1,051,461 | +€133,794 | +14.6% |
| Amounts payable | 17/49 | €97,584 | €58,529 | -€39,055 | -40.0% |
| Amounts payable after more than one year | 17 | €5,122 | €0 | -€5,122 | -100.0% |
| Financial debts | 170/4 | €5,122 | €0 | -€5,122 | -100.0% |
| Amounts payable within one year | 42/48 | €92,462 | €58,529 | -€33,933 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €54,045 | €5,122 | -€48,923 | -90.5% |
| Financial debts | 43 | €31 | €0 | -€31 | -100.0% |
| Credit institutions | 430/8 | €31 | €0 | -€31 | -100.0% |
| Trade debts | 44 | €5,027 | €1,653 | -€3,374 | -67.1% |
| Suppliers | 440/4 | €5,027 | €1,653 | -€3,374 | -67.1% |
| Taxes, remuneration and social security | 45 | €33,358 | €51,754 | +€18,395 | +55.1% |
| Taxes | 450/3 | €20,241 | €38,425 | +€18,184 | +89.8% |
| Remuneration and social security | 454/9 | €13,118 | €13,329 | +€211 | +1.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €63,606 | €67,730 | +€4,124 | +6.5% |
| Other operating charges | 640/8 | €1,169 | €1,201 | +€33 | +2.8% |
| Gross operating margin | 9900 | €244,367 | €252,557 | +€8,190 | +3.4% |
| Operating profit (loss) | 9901 | €179,593 | €183,626 | +€4,033 | +2.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,394 | €1,752 | -€2,641 | -60.1% |
| Recurring financial charges | 65 | €4,394 | €1,752 | -€2,641 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €175,200 | €181,875 | +€6,675 | +3.8% |
| Income taxes | 67/77 | €45,030 | €48,081 | +€3,051 | +6.8% |
| Profit (loss) for the period | 9904 | €130,170 | €133,794 | +€3,625 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €130,170 | €133,794 | +€3,625 | +2.8% |
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 8 October 2026 via checked.be.