BE 4 DIFFUSION: 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.
BE 4 DIFFUSION
Largest movements
- Receivables within one year -€26,920
down €26,920 (-20.1%), from €133,837 to €106,917
- Cash -€26,742
down €26,742 (-62.3%), from €42,943 to €16,200
mainly Contributions, distributions and other (-€100,000) and Debts after one year (-€22,689)
- Tangible fixed assets -€21,303
down €21,303 (-6.3%), from €340,228 to €318,925
of which Furniture and vehicles: -€11,199
- Reserves -€45,000
down €45,000 (-21.9%), from €205,860 to €160,860
- Debts after one year -€22,689
down €22,689 (-14.9%), from €152,401 to €129,712
- Gross operating margin -€40,473
down €40,473 (-30.7%), from €131,862 to €91,389
- Taxes -€8,668
down €8,668 (-39.9%), from €21,713 to €13,046
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 | €517,518 | €442,585 | -€74,933 | -14.5% |
| Fixed assets | 21/28 | €340,228 | €318,925 | -€21,303 | -6.3% |
| Tangible fixed assets | 22/27 | €340,228 | €318,925 | -€21,303 | -6.3% |
| Land and buildings | 22 | €300,944 | €291,750 | -€9,193 | -3.1% |
| Plant, machinery and equipment | 23 | €2,330 | €1,420 | -€910 | -39.1% |
| Furniture and vehicles | 24 | €36,954 | €25,756 | -€11,199 | -30.3% |
| Current assets | 29/58 | €177,290 | €123,660 | -€53,630 | -30.3% |
| Amounts receivable within one year | 40/41 | €133,837 | €106,917 | -€26,920 | -20.1% |
| Other amounts receivable | 41 | €133,837 | €106,917 | -€26,920 | -20.1% |
| Cash at bank and in hand | 54/58 | €42,943 | €16,200 | -€26,742 | -62.3% |
| Deferred charges and accrued income | 490/1 | €511 | €542 | +€31 | +6.1% |
| Total equity and liabilities | 10/49 | €517,518 | €442,585 | -€74,933 | -14.5% |
| Equity | 10/15 | €222,927 | €173,373 | -€49,554 | -22.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €205,860 | €160,860 | -€45,000 | -21.9% |
| Distributable reserves | 133 | €205,860 | €160,860 | -€45,000 | -21.9% |
| Profit (loss) carried forward | 14 | €4,567 | €13 | -€4,554 | -99.7% |
| Amounts payable | 17/49 | €294,591 | €269,212 | -€25,379 | -8.6% |
| Amounts payable after more than one year | 17 | €152,401 | €129,712 | -€22,689 | -14.9% |
| Financial debts | 170/4 | €152,401 | €129,712 | -€22,689 | -14.9% |
| Amounts payable within one year | 42/48 | €141,889 | €139,500 | -€2,390 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €30,602 | €31,023 | +€420 | +1.4% |
| Trade debts | 44 | €5,530 | €5,517 | -€12 | -0.2% |
| Suppliers | 440/4 | €5,530 | €5,517 | -€12 | -0.2% |
| Taxes, remuneration and social security | 45 | €2,366 | €2,960 | +€595 | +25.1% |
| Taxes | 450/3 | €2,366 | €2,960 | +€595 | +25.1% |
| Other amounts payable | 47/48 | €103,392 | €100,000 | -€3,392 | -3.3% |
| Accrued charges and deferred income | 492/3 | €300 | €0 | -€300 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,518 | €21,303 | -€216 | -1.0% |
| Other operating charges | 640/8 | €3,010 | €2,946 | -€65 | -2.1% |
| Gross operating margin | 9900 | €131,862 | €91,389 | -€40,473 | -30.7% |
| Operating profit (loss) | 9901 | €107,334 | €67,141 | -€40,193 | -37.4% |
| Financial income | 75/76B | €444 | €455 | +€11 | +2.5% |
| Recurring financial income | 75 | €444 | €455 | +€11 | +2.5% |
| Financial charges | 65/66B | €4,240 | €4,105 | -€135 | -3.2% |
| Recurring financial charges | 65 | €4,240 | €4,105 | -€135 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €103,538 | €63,492 | -€40,046 | -38.7% |
| Income taxes | 67/77 | €21,713 | €13,046 | -€8,668 | -39.9% |
| Profit (loss) for the period | 9904 | €81,825 | €50,446 | -€31,379 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,825 | €50,446 | -€31,379 | -38.3% |
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 28 September 2026 via checked.be.