BS4U: 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.
BS4U
Largest movements
- Receivables within one year -€95,383
down €95,383 (-85.3%), from €111,839 to €16,456
of which Other amounts receivable: -€73,517
- Cash +€20,155
up €20,155 (+23.4%), from €86,297 to €106,452
mainly Receivables within one year (+€95,383) and Net result for the year (+€65,722)
- Current investments +€10,334
new in 2025: €10,334
- Tangible fixed assets +€4,977
up €4,977 (+18.9%), from €26,377 to €31,354
of which Furniture and vehicles: +€9,875
- Profit (loss) carried forward -€83,278
down €83,278 (-55.7%), from €149,382 to €66,104
- Current portion of long-term debt +€11,895
up €11,895 (+121.4%), from €9,799 to €21,694
- Tax, wage and social debts +€11,750
up €11,750 (+24.4%), from €48,073 to €59,823
- Gross operating margin -€22,939
down €22,939 (-19.2%), from €119,559 to €96,620
- Taxes -€6,112
down €6,112 (-19.8%), from €30,830 to €24,718
- Financial income -€1,380
down €1,380 (-30.7%), from €4,495 to €3,115
- Depreciation +€1,264
up €1,264 (+22.6%), from €5,591 to €6,855
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 | €225,451 | €164,596 | -€60,855 | -27.0% |
| Fixed assets | 21/28 | €26,377 | €31,354 | +€4,977 | +18.9% |
| Tangible fixed assets | 22/27 | €26,377 | €31,354 | +€4,977 | +18.9% |
| Land and buildings | 22 | €17,939 | €13,041 | -€4,898 | -27.3% |
| Furniture and vehicles | 24 | €8,438 | €18,313 | +€9,875 | +117.0% |
| Current assets | 29/58 | €199,074 | €133,242 | -€65,832 | -33.1% |
| Amounts receivable within one year | 40/41 | €111,839 | €16,456 | -€95,383 | -85.3% |
| Trade receivables | 40 | €22,423 | €557 | -€21,866 | -97.5% |
| Other amounts receivable | 41 | €89,416 | €15,899 | -€73,517 | -82.2% |
| Current investments | 50/53 | - | €10,334 | +€10,334 | |
| Cash at bank and in hand | 54/58 | €86,297 | €106,452 | +€20,155 | +23.4% |
| Deferred charges and accrued income | 490/1 | €938 | - | -€938 | |
| Total equity and liabilities | 10/49 | €225,451 | €164,596 | -€60,855 | -27.0% |
| Equity | 10/15 | €151,382 | €68,104 | -€83,278 | -55.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,382 | €66,104 | -€83,278 | -55.7% |
| Amounts payable | 17/49 | €74,069 | €96,492 | +€22,423 | +30.3% |
| Amounts payable within one year | 42/48 | €74,022 | €96,492 | +€22,470 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €9,799 | €21,694 | +€11,895 | +121.4% |
| Trade debts | 44 | €16,150 | €14,975 | -€1,175 | -7.3% |
| Suppliers | 440/4 | €16,150 | €14,975 | -€1,175 | -7.3% |
| Taxes, remuneration and social security | 45 | €48,073 | €59,823 | +€11,750 | +24.4% |
| Taxes | 450/3 | €48,073 | €59,823 | +€11,750 | +24.4% |
| Accrued charges and deferred income | 492/3 | €47 | - | -€47 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,591 | €6,855 | +€1,264 | +22.6% |
| Other operating charges | 640/8 | €1,001 | €1,039 | +€38 | +3.8% |
| Gross operating margin | 9900 | €119,559 | €96,620 | -€22,939 | -19.2% |
| Operating profit (loss) | 9901 | €112,967 | €88,726 | -€24,241 | -21.5% |
| Financial income | 75/76B | €4,495 | €3,115 | -€1,380 | -30.7% |
| Recurring financial income | 75 | €4,495 | €3,115 | -€1,380 | -30.7% |
| Financial charges | 65/66B | €1,196 | €1,401 | +€205 | +17.1% |
| Recurring financial charges | 65 | €1,196 | €1,401 | +€205 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €116,266 | €90,440 | -€25,826 | -22.2% |
| Income taxes | 67/77 | €30,830 | €24,718 | -€6,112 | -19.8% |
| Profit (loss) for the period | 9904 | €85,436 | €65,722 | -€19,714 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,436 | €65,722 | -€19,714 | -23.1% |
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 2 October 2026 via checked.be.