Essential4: 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.
Essential4
Largest movements
- Tangible fixed assets -€107,000
down €107,000 (-5.5%), from €1.9m to €1.8m
- Debts after one year -€106,667
down €106,667 (-7.9%), from €1.3m to €1.2m
- Profit (loss) carried forward -€67,973
down €67,973 (-60.7%), from -€111,957 to -€179,930
- Other debts +€60,000
up €60,000 (+100%), from €60,000 to €120,000
- Turnover +€104,328
new in 2025: €104,328
- Purchases and services +€11,659
new in 2025: €11,659
- Gross operating margin -€8,187
down €8,187 (-7.1%), from €115,037 to €106,850
- Other operating charges -€4,100
down €4,100 (-21.1%), from €19,404 to €15,303
- Financial charges -€3,773
down €3,773 (-6.7%), from €56,292 to €52,520
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.
Derived cash bridge
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 | €1,949,502 | €1,835,642 | -€113,860 | -5.8% |
| Fixed assets | 21/28 | €1,934,794 | €1,827,794 | -€107,000 | -5.5% |
| Tangible fixed assets | 22/27 | €1,934,794 | €1,827,794 | -€107,000 | -5.5% |
| Land and buildings | 22 | €1,934,794 | €1,827,794 | -€107,000 | -5.5% |
| Current assets | 29/58 | €14,708 | €7,848 | -€6,860 | -46.6% |
| Amounts receivable within one year | 40/41 | €27 | €27 | +€1 | +2.9% |
| Other amounts receivable | 41 | €27 | €27 | +€1 | +2.9% |
| Cash at bank and in hand | 54/58 | €12,461 | €5,586 | -€6,875 | -55.2% |
| Deferred charges and accrued income | 490/1 | €2,220 | €2,235 | +€15 | +0.7% |
| Total equity and liabilities | 10/49 | €1,949,502 | €1,835,642 | -€113,860 | -5.8% |
| Equity | 10/15 | €440,043 | €372,070 | -€67,973 | -15.4% |
| Contributions | 10/11 | €552,000 | €552,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,957 | -€179,930 | -€67,973 | -60.7% |
| Amounts payable | 17/49 | €1,509,459 | €1,463,572 | -€45,887 | -3.0% |
| Amounts payable after more than one year | 17 | €1,342,222 | €1,235,556 | -€106,667 | -7.9% |
| Financial debts | 170/4 | €1,342,222 | €1,235,556 | -€106,667 | -7.9% |
| Amounts payable within one year | 42/48 | €166,937 | €226,797 | +€59,861 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €106,667 | €106,667 | = | 0.0% |
| Trade debts | 44 | €270 | €131 | -€139 | -51.6% |
| Suppliers | 440/4 | €270 | €131 | -€139 | -51.6% |
| Other amounts payable | 47/48 | €60,000 | €120,000 | +€60,000 | +100% |
| Accrued charges and deferred income | 492/3 | €300 | €1,219 | +€919 | +306% |
| Turnover | 70 | - | €104,328 | +€104,328 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €11,659 | +€11,659 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,000 | €107,000 | = | 0.0% |
| Other operating charges | 640/8 | €19,404 | €15,303 | -€4,100 | -21.1% |
| Gross operating margin | 9900 | €115,037 | €106,850 | -€8,187 | -7.1% |
| Operating profit (loss) | 9901 | -€11,366 | -€15,453 | -€4,087 | -36.0% |
| Financial charges | 65/66B | €56,292 | €52,520 | -€3,773 | -6.7% |
| Recurring financial charges | 65 | €56,292 | €52,520 | -€3,773 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€67,659 | -€67,973 | -€314 | -0.5% |
| Profit (loss) for the period | 9904 | -€67,659 | -€67,973 | -€314 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,659 | -€67,973 | -€314 | -0.5% |
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 17 October 2026 via checked.be.