F4P Invest: 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.
F4P Invest
Largest movements
- Tangible fixed assets -€68,478
down €68,478 (-2.5%), from €2.7m to €2.6m
- Debts after one year -€145,522
down €145,522 (-7.2%), from €2.0m to €1.9m
- Profit (loss) carried forward +€77,574
up €77,574 (+85.5%), from -€90,779 to -€13,205
- Trade debts -€72,840
down €72,840 (-90.0%), from €80,942 to €8,103
- Other debts +€52,016
up €52,016 (+29.6%), from €175,484 to €227,500
- Current portion of long-term debt +€43,146
up €43,146 (+38.6%), from €111,875 to €155,021
- Gross operating margin +€200,396
up €200,396 (+201%), from €99,598 to €299,994
- Depreciation +€25,613
up €25,613 (+27.5%), from €93,172 to €118,784
- Financial income -€4,976
down €4,976 (-100%), from €4,976 to €0
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 | €2,728,229 | €2,681,310 | -€46,919 | -1.7% |
| Fixed assets | 21/28 | €2,692,289 | €2,623,811 | -€68,478 | -2.5% |
| Tangible fixed assets | 22/27 | €2,692,289 | €2,623,811 | -€68,478 | -2.5% |
| Land and buildings | 22 | €2,692,289 | €2,623,811 | -€68,478 | -2.5% |
| Current assets | 29/58 | €35,940 | €57,499 | +€21,559 | +60.0% |
| Amounts receivable within one year | 40/41 | €515 | €25,436 | +€24,921 | +4,842% |
| Trade receivables | 40 | €484 | €25,380 | +€24,896 | +5,144% |
| Other amounts receivable | 41 | €31 | €56 | +€26 | +83.6% |
| Cash at bank and in hand | 54/58 | €34,894 | €31,731 | -€3,163 | -9.1% |
| Deferred charges and accrued income | 490/1 | €531 | €333 | -€199 | -37.4% |
| Total equity and liabilities | 10/49 | €2,728,229 | €2,681,310 | -€46,919 | -1.7% |
| Equity | 10/15 | €159,221 | €236,795 | +€77,574 | +48.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,779 | -€13,205 | +€77,574 | +85.5% |
| Amounts payable | 17/49 | €2,569,008 | €2,444,515 | -€124,493 | -4.8% |
| Amounts payable after more than one year | 17 | €2,022,125 | €1,876,603 | -€145,522 | -7.2% |
| Financial debts | 170/4 | €2,022,125 | €1,876,603 | -€145,522 | -7.2% |
| Amounts payable within one year | 42/48 | €536,537 | €554,824 | +€18,286 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €111,875 | €155,021 | +€43,146 | +38.6% |
| Financial debts | 43 | €155,000 | €155,000 | = | 0.0% |
| Other loans | 439 | €155,000 | €155,000 | = | 0.0% |
| Trade debts | 44 | €80,942 | €8,103 | -€72,840 | -90.0% |
| Suppliers | 440/4 | €80,942 | €8,103 | -€72,840 | -90.0% |
| Taxes, remuneration and social security | 45 | €13,236 | €9,200 | -€4,035 | -30.5% |
| Taxes | 450/3 | €13,236 | €9,200 | -€4,035 | -30.5% |
| Other amounts payable | 47/48 | €175,484 | €227,500 | +€52,016 | +29.6% |
| Accrued charges and deferred income | 492/3 | €10,346 | €13,089 | +€2,743 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,172 | €118,784 | +€25,613 | +27.5% |
| Other operating charges | 640/8 | €81 | €84 | +€2 | +3.0% |
| Gross operating margin | 9900 | €99,598 | €299,994 | +€200,396 | +201% |
| Operating profit (loss) | 9901 | €6,345 | €181,125 | +€174,781 | +2,755% |
| Financial income | 75/76B | €4,976 | €0 | -€4,976 | -100% |
| Recurring financial income | 75 | €4,976 | €0 | -€4,976 | -100% |
| Financial charges | 65/66B | €102,100 | €103,552 | +€1,452 | +1.4% |
| Recurring financial charges | 65 | €102,100 | €103,552 | +€1,452 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€90,779 | €77,574 | +€168,352 | |
| Profit (loss) for the period | 9904 | -€90,779 | €77,574 | +€168,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,779 | €77,574 | +€168,352 |
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 18 October 2026 via checked.be.