Fo[u]r: 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.
Fo[u]r
Largest movements
- Receivables within one year -€25,137
down €25,137 (-78.6%), from €31,971 to €6,834
of which Trade receivables: -€20,684
- Tangible fixed assets -€6,996
down €6,996 (-9.8%), from €71,202 to €64,206
of which Other tangible fixed assets: -€5,062
- Cash +€5,673
up €5,673 (+30.9%), from €18,362 to €24,035
mainly Receivables within one year (+€25,137) and Depreciation (+€11,162)
- Profit (loss) carried forward -€15,306
down €15,306, from €0 to -€15,306
- Debts after one year -€9,274
down €9,274 (-24.1%), from €38,555 to €29,281
- Current portion of long-term debt +€2,415
up €2,415 (+35.2%), from €6,859 to €9,274
- Tax, wage and social debts -€1,837
down €1,837 (-25.2%), from €7,280 to €5,443
of which Taxes: -€1,282
- Gross operating margin -€10,021
down €10,021, from €7,401 to -€2,620
- Depreciation +€2,626
up €2,626 (+30.8%), from €8,536 to €11,162
- Financial charges -€220
down €220 (-11.4%), from €1,927 to €1,707
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 | €124,804 | €97,966 | -€26,837 | -21.5% |
| Fixed assets | 21/28 | €71,202 | €64,206 | -€6,996 | -9.8% |
| Tangible fixed assets | 22/27 | €71,202 | €64,206 | -€6,996 | -9.8% |
| Furniture and vehicles | 24 | €11,354 | €9,420 | -€1,934 | -17.0% |
| Other tangible fixed assets | 26 | €59,848 | €54,786 | -€5,062 | -8.5% |
| Current assets | 29/58 | €53,601 | €33,760 | -€19,841 | -37.0% |
| Amounts receivable within one year | 40/41 | €31,971 | €6,834 | -€25,137 | -78.6% |
| Trade receivables | 40 | €26,318 | €5,634 | -€20,684 | -78.6% |
| Other amounts receivable | 41 | €5,654 | €1,201 | -€4,453 | -78.8% |
| Cash at bank and in hand | 54/58 | €18,362 | €24,035 | +€5,673 | +30.9% |
| Deferred charges and accrued income | 490/1 | €3,268 | €2,890 | -€377 | -11.5% |
| Total equity and liabilities | 10/49 | €124,804 | €97,966 | -€26,837 | -21.5% |
| Equity | 10/15 | €60,984 | €44,607 | -€16,377 | -26.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €56,984 | €55,913 | -€1,071 | -1.9% |
| Distributable reserves | 133 | €56,984 | €55,913 | -€1,071 | -1.9% |
| Profit (loss) carried forward | 14 | €0 | -€15,306 | -€15,306 | |
| Amounts payable | 17/49 | €63,820 | €53,359 | -€10,460 | -16.4% |
| Amounts payable after more than one year | 17 | €38,555 | €29,281 | -€9,274 | -24.1% |
| Financial debts | 170/4 | €38,555 | €29,281 | -€9,274 | -24.1% |
| Amounts payable within one year | 42/48 | €25,243 | €24,078 | -€1,165 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €6,859 | €9,274 | +€2,415 | +35.2% |
| Trade debts | 44 | €2,760 | €1,921 | -€839 | -30.4% |
| Suppliers | 440/4 | €2,760 | €1,921 | -€839 | -30.4% |
| Taxes, remuneration and social security | 45 | €7,280 | €5,443 | -€1,837 | -25.2% |
| Taxes | 450/3 | €6,725 | €5,443 | -€1,282 | -19.1% |
| Remuneration and social security | 454/9 | €555 | €0 | -€555 | -100.0% |
| Other amounts payable | 47/48 | €8,345 | €7,441 | -€904 | -10.8% |
| Accrued charges and deferred income | 492/3 | €22 | €0 | -€22 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,536 | €11,162 | +€2,626 | +30.8% |
| Other operating charges | 640/8 | €728 | €750 | +€22 | +3.0% |
| Gross operating margin | 9900 | €7,401 | -€2,620 | -€10,021 | |
| Operating profit (loss) | 9901 | -€1,863 | -€14,532 | -€12,669 | -679.9% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €1,927 | €1,707 | -€220 | -11.4% |
| Recurring financial charges | 65 | €1,927 | €1,707 | -€220 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,790 | -€16,232 | -€12,442 | -328.3% |
| Income taxes | 67/77 | €139 | €145 | +€6 | +4.2% |
| Profit (loss) for the period | 9904 | -€3,929 | -€16,377 | -€12,448 | -316.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,929 | -€16,377 | -€12,448 | -316.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.