FIN 4 TRADE: what changed
FIN 4 TRADE
Largest movements
- Tangible fixed assets -€8,494
down €8,494 (-21.7%), from €39,160 to €30,666
- Cash +€6,149
up €6,149 (+14.2%), from €43,381 to €49,530
mainly Net result for the year (+€27,506) and Other debts (+€19,843)
- Receivables within one year -€2,723
down €2,723 (-30.0%), from €9,075 to €6,353
- Reserves -€20,886
down €20,886 (-91.8%), from €22,746 to €1,860
- Other debts +€19,843
up €19,843 (+127%), from €15,602 to €35,446
- Debts after one year -€6,350
down €6,350 (-30.3%), from €20,974 to €14,624
- Trade debts +€1,123
up €1,123 (+128%), from €876 to €2,000
- Financial charges -€52,322
down €52,322, from €1,159 to -€51,164
- Gross operating margin -€34,991
down €34,991, from €31,393 to -€3,597
- Taxes +€4,518
up €4,518 (+117%), from €3,876 to €8,393
- Other operating charges -€1,905
down €1,905 (-61.6%), from €3,091 to €1,186
- Depreciation +€1,832
up €1,832 (+21.0%), from €8,741 to €10,572
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,350 | €90,037 | -€5,313 | -5.6% |
| Fixed assets | 21/28 | €41,665 | €33,171 | -€8,494 | -20.4% |
| Tangible fixed assets | 22/27 | €39,160 | €30,666 | -€8,494 | -21.7% |
| Furniture and vehicles | 24 | €39,160 | €30,666 | -€8,494 | -21.7% |
| Financial fixed assets | 28 | €2,505 | €2,505 | = | 0.0% |
| Current assets | 29/58 | €53,686 | €56,867 | +€3,181 | +5.9% |
| Amounts receivable within one year | 40/41 | €9,075 | €6,353 | -€2,723 | -30.0% |
| Trade receivables | 40 | €9,075 | €6,353 | -€2,723 | -30.0% |
| Cash at bank and in hand | 54/58 | €43,381 | €49,530 | +€6,149 | +14.2% |
| Deferred charges and accrued income | 490/1 | €1,229 | €984 | -€245 | -19.9% |
| Total equity and liabilities | 10/49 | €95,350 | €90,037 | -€5,313 | -5.6% |
| Equity | 10/15 | €41,346 | €20,460 | -€20,886 | -50.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,746 | €1,860 | -€20,886 | -91.8% |
| Distributable reserves | 133 | €22,746 | €1,860 | -€20,886 | -91.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €54,005 | €69,577 | +€15,573 | +28.8% |
| Amounts payable after more than one year | 17 | €20,974 | €14,624 | -€6,350 | -30.3% |
| Financial debts | 170/4 | €20,974 | €14,624 | -€6,350 | -30.3% |
| Amounts payable within one year | 42/48 | €33,031 | €54,953 | +€21,922 | +66.4% |
| Current portion of amounts payable after more than one year | 42 | €6,113 | €6,350 | +€236 | +3.9% |
| Trade debts | 44 | €876 | €2,000 | +€1,123 | +128% |
| Suppliers | 440/4 | €876 | €2,000 | +€1,123 | +128% |
| Taxes, remuneration and social security | 45 | €10,438 | €11,158 | +€719 | +6.9% |
| Taxes | 450/3 | €8,126 | €9,040 | +€914 | +11.2% |
| Remuneration and social security | 454/9 | €2,312 | €2,118 | -€194 | -8.4% |
| Other amounts payable | 47/48 | €15,602 | €35,446 | +€19,843 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,741 | €10,572 | +€1,832 | +21.0% |
| Other operating charges | 640/8 | €3,091 | €1,186 | -€1,905 | -61.6% |
| Gross operating margin | 9900 | €31,393 | -€3,597 | -€34,991 | |
| Operating profit (loss) | 9901 | €19,562 | -€15,355 | -€34,917 | |
| Financial income | 75/76B | €0 | €90 | +€90 | +904,400% |
| Recurring financial income | 75 | €0 | €90 | +€90 | +904,400% |
| Financial charges | 65/66B | €1,159 | -€51,164 | -€52,322 | |
| Recurring financial charges | 65 | €1,159 | -€51,164 | -€52,322 | |
| Profit (loss) for the period before taxes | 9903 | €18,403 | €35,899 | +€17,496 | +95.1% |
| Income taxes | 67/77 | €3,876 | €8,393 | +€4,518 | +117% |
| Profit (loss) for the period | 9904 | €14,528 | €27,506 | +€12,978 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,528 | €27,506 | +€12,978 | +89.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.