4EVER6M: 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.
4EVER6M
Largest movements
- Current investments +€55,213
up €55,213 (+10.1%), from €548,925 to €604,138
- Cash -€35,232
down €35,232 (-71.1%), from €49,545 to €14,313
mainly Current investments (-€55,213) and Investment in fixed assets (net) (-€16,791)
- Tangible fixed assets -€12,482
down €12,482 (-3.4%), from €372,213 to €359,732
of which Land and buildings: -€12,420
- Reserves +€17,821
up €17,821 (+2.5%), from €705,853 to €723,674
of which Non-distributable reserves: +€17,800
- Gross operating margin -€748,019
down €748,019 (-93.8%), from €797,444 to €49,426
- Taxes -€239,410
down €239,410 (-98.7%), from €242,449 to €3,039
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 | €979,098 | €990,485 | +€11,387 | +1.2% |
| Fixed assets | 21/28 | €372,213 | €359,732 | -€12,482 | -3.4% |
| Tangible fixed assets | 22/27 | €372,213 | €359,732 | -€12,482 | -3.4% |
| Land and buildings | 22 | €372,151 | €359,732 | -€12,420 | -3.3% |
| Plant, machinery and equipment | 23 | €62 | - | -€62 | |
| Current assets | 29/58 | €606,884 | €630,753 | +€23,869 | +3.9% |
| Amounts receivable within one year | 40/41 | €7,551 | €9,292 | +€1,741 | +23.1% |
| Other amounts receivable | 41 | €7,551 | €9,292 | +€1,741 | +23.1% |
| Current investments | 50/53 | €548,925 | €604,138 | +€55,213 | +10.1% |
| Cash at bank and in hand | 54/58 | €49,545 | €14,313 | -€35,232 | -71.1% |
| Deferred charges and accrued income | 490/1 | €864 | €3,010 | +€2,146 | +248.5% |
| Total equity and liabilities | 10/49 | €979,098 | €990,485 | +€11,387 | +1.2% |
| Equity | 10/15 | €785,853 | €803,674 | +€17,821 | +2.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €705,853 | €723,674 | +€17,821 | +2.5% |
| Non-distributable reserves | 130/1 | €585,085 | €602,885 | +€17,800 | +3.0% |
| Own shares acquired | 1312 | - | €602,885 | +€602,885 | |
| Other | 1319 | €585,085 | - | -€585,085 | |
| Tax-exempt reserves | 132 | €102,306 | €102,306 | = | 0.0% |
| Distributable reserves | 133 | €18,462 | €18,484 | +€21 | +0.1% |
| Provisions and deferred taxes | 16 | €41,787 | €41,787 | = | 0.0% |
| Deferred taxes | 168 | €41,787 | €41,787 | = | 0.0% |
| Amounts payable | 17/49 | €151,458 | €145,024 | -€6,434 | -4.2% |
| Amounts payable within one year | 42/48 | €151,458 | €145,024 | -€6,434 | -4.2% |
| Trade debts | 44 | - | €370 | +€370 | |
| Suppliers | 440/4 | - | €370 | +€370 | |
| Taxes, remuneration and social security | 45 | - | €1,780 | +€1,780 | |
| Taxes | 450/3 | - | €1,780 | +€1,780 | |
| Other amounts payable | 47/48 | €151,458 | €142,874 | -€8,584 | -5.7% |
| Non-recurring operating income | 76A | €781,867 | - | -€781,867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,205 | €29,273 | -€931 | -3.1% |
| Other operating charges | 640/8 | €5,089 | €6,740 | +€1,650 | +32.4% |
| Gross operating margin | 9900 | €797,444 | €49,426 | -€748,019 | -93.8% |
| Operating profit (loss) | 9901 | €762,151 | €13,413 | -€748,737 | -98.2% |
| Financial income | 75/76B | €894 | €7,492 | +€6,598 | +737.6% |
| Recurring financial income | 75 | €894 | €7,492 | +€6,598 | +737.6% |
| Financial charges | 65/66B | €125 | €45 | -€80 | -64.0% |
| Recurring financial charges | 65 | €125 | €45 | -€80 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €762,920 | €20,861 | -€742,060 | -97.3% |
| Income taxes | 67/77 | €242,449 | €3,039 | -€239,410 | -98.7% |
| Profit (loss) for the period | 9904 | €520,471 | €17,821 | -€502,649 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €520,471 | €17,821 | -€502,649 | -96.6% |
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 10 October 2026 via checked.be.