4Fonteinen: 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.
4Fonteinen
Largest movements
- Receivables within one year +€130,356
up €130,356 (+166%), from €78,507 to €208,864
of which Trade receivables: +€135,109
- Cash +€29,490
up €29,490 (+121%), from €24,285 to €53,775
mainly Trade debts (+€86,285) and Other debts (+€56,653)
- Tangible fixed assets -€24,169
down €24,169 (-3.3%), from €735,004 to €710,835
of which Land and buildings: -€22,137
- Stocks and contracts +€16,308
up €16,308 (+13.5%), from €121,054 to €137,362
- Trade debts +€86,285
up €86,285 (+80.9%), from €106,603 to €192,888
- Other debts +€56,653
up €56,653 (+44.1%), from €128,597 to €185,250
- Debts after one year -€54,255
down €54,255 (-8.8%), from €617,234 to €562,979
- Reserves +€48,858
up €48,858 (+95.3%), from €51,293 to €100,151
- Tax, wage and social debts +€20,241
up €20,241 (+809%), from €2,502 to €22,742
of which Taxes: +€16,764
- Gross operating margin +€97,262
up €97,262 (+136%), from €71,376 to €168,638
- Staff costs +€38,318
new in 2025: €38,318
- Taxes +€17,400
up €17,400, from €0 to €17,400
- Financial charges -€10,082
down €10,082 (-28.1%), from €35,876 to €25,794
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.
Derived cash bridge
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 | €977,688 | €1,121,265 | +€143,577 | +14.7% |
| Fixed assets | 21/28 | €751,492 | €718,796 | -€32,697 | -4.4% |
| Intangible fixed assets | 21 | €11,489 | €2,961 | -€8,528 | -74.2% |
| Tangible fixed assets | 22/27 | €735,004 | €710,835 | -€24,169 | -3.3% |
| Land and buildings | 22 | €708,544 | €686,407 | -€22,137 | -3.1% |
| Plant, machinery and equipment | 23 | €26,460 | €23,584 | -€2,876 | -10.9% |
| Furniture and vehicles | 24 | - | €844 | +€844 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €226,196 | €402,470 | +€176,273 | +77.9% |
| Stocks and contracts in progress | 3 | €121,054 | €137,362 | +€16,308 | +13.5% |
| Stocks | 30/36 | €121,054 | €137,362 | +€16,308 | +13.5% |
| Amounts receivable within one year | 40/41 | €78,507 | €208,864 | +€130,356 | +166% |
| Trade receivables | 40 | €73,688 | €208,797 | +€135,109 | +183% |
| Other amounts receivable | 41 | €4,820 | €67 | -€4,753 | -98.6% |
| Cash at bank and in hand | 54/58 | €24,285 | €53,775 | +€29,490 | +121% |
| Deferred charges and accrued income | 490/1 | €2,350 | €2,468 | +€119 | +5.0% |
| Total equity and liabilities | 10/49 | €977,688 | €1,121,265 | +€143,577 | +14.7% |
| Equity | 10/15 | €54,293 | €103,151 | +€48,858 | +90.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,293 | €100,151 | +€48,858 | +95.3% |
| Distributable reserves | 133 | €51,293 | €100,151 | +€48,858 | +95.3% |
| Amounts payable | 17/49 | €923,395 | €1,018,114 | +€94,719 | +10.3% |
| Amounts payable after more than one year | 17 | €617,234 | €562,979 | -€54,255 | -8.8% |
| Financial debts | 170/4 | €617,234 | €562,979 | -€54,255 | -8.8% |
| Amounts payable within one year | 42/48 | €306,161 | €455,135 | +€148,974 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | €68,460 | €54,255 | -€14,204 | -20.7% |
| Trade debts | 44 | €106,603 | €192,888 | +€86,285 | +80.9% |
| Suppliers | 440/4 | €106,603 | €192,888 | +€86,285 | +80.9% |
| Taxes, remuneration and social security | 45 | €2,502 | €22,742 | +€20,241 | +809% |
| Taxes | 450/3 | €2,502 | €19,266 | +€16,764 | +670% |
| Remuneration and social security | 454/9 | - | €3,477 | +€3,477 | |
| Other amounts payable | 47/48 | €128,597 | €185,250 | +€56,653 | +44.1% |
| Remuneration, social security and pensions | 62 | - | €38,318 | +€38,318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,239 | €34,633 | +€393 | +1.1% |
| Other operating charges | 640/8 | €3,527 | €3,635 | +€108 | +3.1% |
| Gross operating margin | 9900 | €71,376 | €168,638 | +€97,262 | +136% |
| Operating profit (loss) | 9901 | €33,609 | €92,053 | +€58,443 | +174% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €35,876 | €25,794 | -€10,082 | -28.1% |
| Recurring financial charges | 65 | €35,876 | €25,794 | -€10,082 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,267 | €66,259 | +€68,525 | |
| Income taxes | 67/77 | €0 | €17,400 | +€17,400 | |
| Profit (loss) for the period | 9904 | -€2,267 | €48,858 | +€51,125 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,267 | €48,858 | +€51,125 |
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 27 October 2026 via checked.be.