4RESULTA: 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.
4RESULTA
Largest movements
- Cash +€147,866
up €147,866 (+103.3%), from €143,163 to €291,029
mainly Current investments (+€100,000) and Net result for the year (+€80,274)
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Receivables within one year +€7,884
up €7,884 (+20.0%), from €39,409 to €47,293
of which Other amounts receivable: +€7,372
- Reserves +€51,274
up €51,274 (+21.1%), from €242,843 to €294,117
- Gross operating margin +€11,307
up €11,307 (+11.1%), from €101,752 to €113,059
- Taxes +€2,180
up €2,180 (+7.2%), from €30,370 to €32,550
- Financial income -€1,785
down €1,785 (-33.0%), from €5,406 to €3,620
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 | €286,208 | €341,617 | +€55,410 | +19.4% |
| Fixed assets | 21/28 | €2,296 | €1,855 | -€441 | -19.2% |
| Tangible fixed assets | 22/27 | €441 | €0 | -€441 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €441 | €0 | -€441 | -100.0% |
| Financial fixed assets | 28 | €1,855 | €1,855 | = | 0.0% |
| Current assets | 29/58 | €283,912 | €339,762 | +€55,850 | +19.7% |
| Amounts receivable within one year | 40/41 | €39,409 | €47,293 | +€7,884 | +20.0% |
| Trade receivables | 40 | €17,616 | €18,128 | +€512 | +2.9% |
| Other amounts receivable | 41 | €21,793 | €29,165 | +€7,372 | +33.8% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €143,163 | €291,029 | +€147,866 | +103.3% |
| Deferred charges and accrued income | 490/1 | €1,340 | €1,440 | +€100 | +7.4% |
| Total equity and liabilities | 10/49 | €286,208 | €341,617 | +€55,410 | +19.4% |
| Equity | 10/15 | €255,243 | €306,517 | +€51,274 | +20.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €242,843 | €294,117 | +€51,274 | +21.1% |
| Distributable reserves | 133 | €242,843 | €294,117 | +€51,274 | +21.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,964 | €35,100 | +€4,135 | +13.4% |
| Amounts payable within one year | 42/48 | €29,739 | €33,481 | +€3,742 | +12.6% |
| Trade debts | 44 | €1,751 | €2,462 | +€711 | +40.6% |
| Suppliers | 440/4 | €1,751 | €2,462 | +€711 | +40.6% |
| Taxes, remuneration and social security | 45 | €27,988 | €31,019 | +€3,031 | +10.8% |
| Taxes | 450/3 | €27,988 | €31,019 | +€3,031 | +10.8% |
| Accrued charges and deferred income | 492/3 | €1,225 | €1,619 | +€394 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,442 | €441 | -€1,002 | -69.4% |
| Other operating charges | 640/8 | €1,346 | €1,471 | +€126 | +9.4% |
| Gross operating margin | 9900 | €101,752 | €113,059 | +€11,307 | +11.1% |
| Operating profit (loss) | 9901 | €98,964 | €111,147 | +€12,183 | +12.3% |
| Financial income | 75/76B | €5,406 | €3,620 | -€1,785 | -33.0% |
| Recurring financial income | 75 | €5,406 | €3,620 | -€1,785 | -33.0% |
| Financial charges | 65/66B | €2,168 | €1,943 | -€225 | -10.4% |
| Recurring financial charges | 65 | €2,168 | €1,943 | -€225 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €102,202 | €112,824 | +€10,622 | +10.4% |
| Income taxes | 67/77 | €30,370 | €32,550 | +€2,180 | +7.2% |
| Profit (loss) for the period | 9904 | €71,832 | €80,274 | +€8,442 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,832 | €80,274 | +€8,442 | +11.8% |
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 3 October 2026 via checked.be.