Division4: what changed
Two financial 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.
Division4
Largest movements
- Tangible fixed assets -€12,053
down €12,053 (-4.4%), from €276,230 to €264,176
- Debts after one year -€18,488
down €18,488 (-9.3%), from €198,755 to €180,266
- Other debts +€5,175
up €5,175 (+67.0%), from €7,719 to €12,894
- Profit (loss) carried forward +€3,051
up €3,051 (+10.9%), from -€28,083 to -€25,032
- Gross operating margin -€952
down €952 (-4.2%), from €22,508 to €21,556
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 | €277,382 | €266,972 | -€10,409 | -3.8% |
| Fixed assets | 21/28 | €276,230 | €264,176 | -€12,053 | -4.4% |
| Tangible fixed assets | 22/27 | €276,230 | €264,176 | -€12,053 | -4.4% |
| Land and buildings | 22 | €276,230 | €264,176 | -€12,053 | -4.4% |
| Current assets | 29/58 | €1,152 | €2,796 | +€1,644 | +142.6% |
| Amounts receivable within one year | 40/41 | - | €500 | +€500 | |
| Other amounts receivable | 41 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €1,152 | €39 | -€1,113 | -96.6% |
| Deferred charges and accrued income | 490/1 | - | €2,257 | +€2,257 | |
| Total equity and liabilities | 10/49 | €277,382 | €266,972 | -€10,409 | -3.8% |
| Equity | 10/15 | €51,917 | €54,968 | +€3,051 | +5.9% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,083 | -€25,032 | +€3,051 | +10.9% |
| Amounts payable | 17/49 | €225,465 | €212,004 | -€13,461 | -6.0% |
| Amounts payable after more than one year | 17 | €198,755 | €180,266 | -€18,488 | -9.3% |
| Financial debts | 170/4 | €198,755 | €180,266 | -€18,488 | -9.3% |
| Amounts payable within one year | 42/48 | €26,710 | €31,738 | +€5,028 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €18,233 | €18,488 | +€256 | +1.4% |
| Trade debts | 44 | €653 | €143 | -€509 | -78.1% |
| Suppliers | 440/4 | €653 | €143 | -€509 | -78.1% |
| Taxes, remuneration and social security | 45 | €106 | €212 | +€106 | +100.5% |
| Taxes | 450/3 | €106 | €212 | +€106 | +100.5% |
| Other amounts payable | 47/48 | €7,719 | €12,894 | +€5,175 | +67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,053 | €12,053 | = | 0.0% |
| Other operating charges | 640/8 | €2,588 | €2,668 | +€80 | +3.1% |
| Gross operating margin | 9900 | €22,508 | €21,556 | -€952 | -4.2% |
| Operating profit (loss) | 9901 | €7,867 | €6,835 | -€1,032 | -13.1% |
| Financial charges | 65/66B | €3,826 | €3,783 | -€43 | -1.1% |
| Recurring financial charges | 65 | €3,826 | €3,783 | -€43 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €4,040 | €3,051 | -€989 | -24.5% |
| Profit (loss) for the period | 9904 | €4,040 | €3,051 | -€989 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,040 | €3,051 | -€989 | -24.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.