FOUR BY FIVE: 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.
FOUR BY FIVE
Largest movements
- Cash +€28,847
up €28,847 (+99.1%), from €29,103 to €57,950
mainly Net result for the year (+€58,056) and Tax, wage and social debts (+€14,870)
- Tangible fixed assets +€19,225
up €19,225 (+110.4%), from €17,421 to €36,645
of which Furniture and vehicles: +€12,331
- Receivables within one year -€10,331
down €10,331 (-30.7%), from €33,675 to €23,344
of which Trade receivables: -€8,119
- Reserves +€57,223
up €57,223 (+585.4%), from €9,774 to €66,997
- Trade debts -€33,194
down €33,194 (-73.0%), from €45,488 to €12,295
- Tax, wage and social debts +€14,870
up €14,870 (+534.3%), from €2,783 to €17,653
- Short-term financial debts -€1,240
down €1,240 (-52.1%), from €2,380 to €1,140
- Gross operating margin +€67,426
up €67,426 (+460.6%), from €14,638 to €82,063
- Taxes +€11,786
up €11,786 (+423.5%), from €2,783 to €14,569
- Depreciation +€7,684
up €7,684 (+1992.6%), from €386 to €8,070
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 | €80,517 | €118,210 | +€37,693 | +46.8% |
| Fixed assets | 21/28 | €17,421 | €36,645 | +€19,225 | +110.4% |
| Tangible fixed assets | 22/27 | €17,421 | €36,645 | +€19,225 | +110.4% |
| Plant, machinery and equipment | 23 | €15,803 | €22,697 | +€6,894 | +43.6% |
| Furniture and vehicles | 24 | €1,617 | €13,948 | +€12,331 | +762.4% |
| Current assets | 29/58 | €63,097 | €81,565 | +€18,468 | +29.3% |
| Amounts receivable within one year | 40/41 | €33,675 | €23,344 | -€10,331 | -30.7% |
| Trade receivables | 40 | €30,048 | €21,928 | -€8,119 | -27.0% |
| Other amounts receivable | 41 | €3,628 | €1,416 | -€2,211 | -61.0% |
| Cash at bank and in hand | 54/58 | €29,103 | €57,950 | +€28,847 | +99.1% |
| Deferred charges and accrued income | 490/1 | €319 | €270 | -€49 | -15.2% |
| Total equity and liabilities | 10/49 | €80,517 | €118,210 | +€37,693 | +46.8% |
| Equity | 10/15 | €11,774 | €68,997 | +€57,223 | +486.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €9,774 | €66,997 | +€57,223 | +585.4% |
| Distributable reserves | 133 | €9,774 | €66,997 | +€57,223 | +585.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,743 | €49,213 | -€19,530 | -28.4% |
| Amounts payable within one year | 42/48 | €68,743 | €48,613 | -€20,130 | -29.3% |
| Financial debts | 43 | €2,380 | €1,140 | -€1,240 | -52.1% |
| Credit institutions | 430/8 | €2,380 | €1,140 | -€1,240 | -52.1% |
| Trade debts | 44 | €45,488 | €12,295 | -€33,194 | -73.0% |
| Suppliers | 440/4 | €45,488 | €12,295 | -€33,194 | -73.0% |
| Taxes, remuneration and social security | 45 | €2,783 | €17,653 | +€14,870 | +534.3% |
| Taxes | 450/3 | €2,783 | €17,653 | +€14,870 | +534.3% |
| Other amounts payable | 47/48 | €18,092 | €17,526 | -€566 | -3.1% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Remuneration, social security and pensions | 62 | €464 | €0 | -€464 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €8,070 | +€7,684 | +1992.6% |
| Other operating charges | 640/8 | €387 | €1,102 | +€714 | +184.4% |
| Gross operating margin | 9900 | €14,638 | €82,063 | +€67,426 | +460.6% |
| Operating profit (loss) | 9901 | €13,401 | €72,892 | +€59,491 | +443.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11 | €267 | +€257 | +2397.5% |
| Recurring financial charges | 65 | €11 | €267 | +€257 | +2397.5% |
| Profit (loss) for the period before taxes | 9903 | €13,390 | €72,625 | +€59,235 | +442.4% |
| Income taxes | 67/77 | €2,783 | €14,569 | +€11,786 | +423.5% |
| Profit (loss) for the period | 9904 | €10,607 | €58,056 | +€47,448 | +447.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,607 | €58,056 | +€47,448 | +447.3% |
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.