BD4: 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.
BD4
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€81,973
down €81,973 (-61.3%), from -€133,769 to -€215,742
- Debts after one year +€73,896
up €73,896 (+3.5%), from €2.1m to €2.2m
- Gross operating margin +€2,599
up €2,599 (+27.0%), from -€9,632 to -€7,033
- Financial charges +€175
up €175 (+0.2%), from €73,766 to €73,941
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,244,806 | €2,236,729 | -€8,077 | -0.4% |
| Fixed assets | 21/28 | €2,170,000 | €2,170,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,170,000 | €2,170,000 | = | 0.0% |
| Current assets | 29/58 | €74,806 | €66,729 | -€8,077 | -10.8% |
| Cash at bank and in hand | 54/58 | €74,806 | €66,729 | -€8,077 | -10.8% |
| Total equity and liabilities | 10/49 | €2,244,806 | €2,236,729 | -€8,077 | -0.4% |
| Equity | 10/15 | €146,231 | €64,258 | -€81,973 | -56.1% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,769 | -€215,742 | -€81,973 | -61.3% |
| Amounts payable | 17/49 | €2,098,576 | €2,172,472 | +€73,896 | +3.5% |
| Amounts payable after more than one year | 17 | €2,097,911 | €2,171,808 | +€73,896 | +3.5% |
| Financial debts | 170/4 | €2,097,911 | €2,171,808 | +€73,896 | +3.5% |
| Amounts payable within one year | 42/48 | €664 | €664 | = | 0.0% |
| Trade debts | 44 | €557 | €557 | = | 0.0% |
| Suppliers | 440/4 | €557 | €557 | = | 0.0% |
| Other amounts payable | 47/48 | €107 | €107 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€9,632 | -€7,033 | +€2,599 | +27.0% |
| Operating profit (loss) | 9901 | -€10,600 | -€8,032 | +€2,568 | +24.2% |
| Financial charges | 65/66B | €73,766 | €73,941 | +€175 | +0.2% |
| Recurring financial charges | 65 | €73,766 | €73,941 | +€175 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€84,366 | -€81,973 | +€2,393 | +2.8% |
| Profit (loss) for the period | 9904 | -€84,366 | -€81,973 | +€2,393 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,366 | -€81,973 | +€2,393 | +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 1 October 2026 via checked.be.