BE O4: 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 O4
Largest movements
- Receivables within one year +€5,424
up €5,424 (+23.5%), from €23,078 to €28,502
of which Other amounts receivable: +€11,487
- Cash +€3,531
up €3,531 (+49.7%), from €7,110 to €10,641
mainly Net result for the year (+€11,995) and Tax, wage and social debts (+€11,645)
- Deferred charges and accrued income +€1,235
up €1,235 (+109.8%), from €1,125 to €2,359
- Stocks and contracts +€1,130
up €1,130 (+121.8%), from €928 to €2,059
- Tangible fixed assets -€668
down €668 (-61.7%), from €1,084 to €416
of which Plant, machinery and equipment: -€359
- Trade debts -€12,989
down €12,989 (-64.1%), from €20,256 to €7,266
- Profit (loss) carried forward +€11,995
up €11,995 (+394.3%), from €3,042 to €15,038
- Tax, wage and social debts +€11,645
up €11,645 (+113.6%), from €10,251 to €21,896
of which Remuneration and social security: +€11,255
- Staff costs +€1,156
up €1,156 (+2.8%), from €41,293 to €42,449
- Gross operating margin -€1,141
down €1,141 (-1.8%), from €62,923 to €61,782
- Taxes +€782
up €782 (+14.8%), from €5,268 to €6,050
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 | €33,550 | €44,201 | +€10,651 | +31.7% |
| Fixed assets | 21/28 | €1,309 | €641 | -€668 | -51.1% |
| Tangible fixed assets | 22/27 | €1,084 | €416 | -€668 | -61.7% |
| Plant, machinery and equipment | 23 | €575 | €215 | -€359 | -62.5% |
| Furniture and vehicles | 24 | €509 | €200 | -€309 | -60.7% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €32,241 | €43,561 | +€11,320 | +35.1% |
| Stocks and contracts in progress | 3 | €928 | €2,059 | +€1,130 | +121.8% |
| Stocks | 30/36 | €928 | €2,059 | +€1,130 | +121.8% |
| Amounts receivable within one year | 40/41 | €23,078 | €28,502 | +€5,424 | +23.5% |
| Trade receivables | 40 | €15,957 | €9,893 | -€6,063 | -38.0% |
| Other amounts receivable | 41 | €7,121 | €18,608 | +€11,487 | +161.3% |
| Cash at bank and in hand | 54/58 | €7,110 | €10,641 | +€3,531 | +49.7% |
| Deferred charges and accrued income | 490/1 | €1,125 | €2,359 | +€1,235 | +109.8% |
| Total equity and liabilities | 10/49 | €33,550 | €44,201 | +€10,651 | +31.7% |
| Equity | 10/15 | €3,043 | €15,039 | +€11,995 | +394.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,042 | €15,038 | +€11,995 | +394.3% |
| Amounts payable | 17/49 | €30,507 | €29,163 | -€1,344 | -4.4% |
| Amounts payable within one year | 42/48 | €30,507 | €29,163 | -€1,344 | -4.4% |
| Trade debts | 44 | €20,256 | €7,266 | -€12,989 | -64.1% |
| Suppliers | 440/4 | €20,256 | €7,266 | -€12,989 | -64.1% |
| Taxes, remuneration and social security | 45 | €10,251 | €21,896 | +€11,645 | +113.6% |
| Taxes | 450/3 | €6,577 | €6,967 | +€390 | +5.9% |
| Remuneration and social security | 454/9 | €3,674 | €14,930 | +€11,255 | +306.3% |
| Remuneration, social security and pensions | 62 | €41,293 | €42,449 | +€1,156 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €711 | €794 | +€82 | +11.6% |
| Other operating charges | 640/8 | €348 | €30 | -€318 | -91.4% |
| Gross operating margin | 9900 | €62,923 | €61,782 | -€1,141 | -1.8% |
| Operating profit (loss) | 9901 | €20,572 | €18,510 | -€2,062 | -10.0% |
| Financial income | 75/76B | €227 | €1 | -€226 | -99.7% |
| Recurring financial income | 75 | €227 | €1 | -€226 | -99.7% |
| Financial charges | 65/66B | €394 | €465 | +€71 | +18.0% |
| Recurring financial charges | 65 | €394 | €465 | +€71 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €20,405 | €18,046 | -€2,359 | -11.6% |
| Income taxes | 67/77 | €5,268 | €6,050 | +€782 | +14.8% |
| Profit (loss) for the period | 9904 | €15,137 | €11,995 | -€3,141 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,137 | €11,995 | -€3,141 | -20.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.