Four Friends: 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 Friends
Largest movements
- Tangible fixed assets +€52,119
up €52,119 (+6.3%), from €826,687 to €878,806
- Cash -€22,799
down €22,799 (-59.5%), from €38,292 to €15,493
mainly Investment in fixed assets (net) (-€52,119) and Debts after one year (-€44,164)
- Other debts +€82,466
up €82,466 (+15.1%), from €547,142 to €629,608
- Debts after one year -€44,164
down €44,164 (-66.5%), from €66,406 to €22,243
- Profit (loss) carried forward -€9,739
down €9,739 (-9.3%), from -€104,672 to -€114,411
- Gross operating margin -€7,038
down €7,038, from €1,691 to -€5,348
- Other operating charges -€2,304
down €2,304 (-81.4%), from €2,832 to €528
- Financial charges +€64
up €64 (+1.7%), from €3,853 to €3,918
- Financial income +€54
up €54 (+76,900%), from €0 to €54
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 | €875,068 | €904,081 | +€29,013 | +3.3% |
| Fixed assets | 21/28 | €826,687 | €878,806 | +€52,119 | +6.3% |
| Tangible fixed assets | 22/27 | €826,687 | €878,806 | +€52,119 | +6.3% |
| Land and buildings | 22 | €826,687 | €878,806 | +€52,119 | +6.3% |
| Current assets | 29/58 | €48,381 | €25,275 | -€23,106 | -47.8% |
| Amounts receivable within one year | 40/41 | €148 | €2,404 | +€2,256 | +1,528% |
| Trade receivables | 40 | - | €2,391 | +€2,391 | |
| Other amounts receivable | 41 | €148 | €13 | -€135 | -91.4% |
| Cash at bank and in hand | 54/58 | €38,292 | €15,493 | -€22,799 | -59.5% |
| Deferred charges and accrued income | 490/1 | €9,941 | €7,378 | -€2,563 | -25.8% |
| Total equity and liabilities | 10/49 | €875,068 | €904,081 | +€29,013 | +3.3% |
| Equity | 10/15 | €195,328 | €185,589 | -€9,739 | -5.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,672 | -€114,411 | -€9,739 | -9.3% |
| Amounts payable | 17/49 | €679,740 | €718,492 | +€38,752 | +5.7% |
| Amounts payable after more than one year | 17 | €66,406 | €22,243 | -€44,164 | -66.5% |
| Financial debts | 170/4 | €66,406 | €22,243 | -€44,164 | -66.5% |
| Amounts payable within one year | 42/48 | €611,088 | €694,046 | +€82,957 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €43,738 | €44,164 | +€426 | +1.0% |
| Trade debts | 44 | €19,841 | €19,841 | = | 0.0% |
| Suppliers | 440/4 | €19,841 | €19,841 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €368 | €434 | +€65 | +17.7% |
| Taxes | 450/3 | €368 | €434 | +€65 | +17.7% |
| Other amounts payable | 47/48 | €547,142 | €629,608 | +€82,466 | +15.1% |
| Accrued charges and deferred income | 492/3 | €2,245 | €2,204 | -€42 | -1.8% |
| Other operating charges | 640/8 | €2,832 | €528 | -€2,304 | -81.4% |
| Gross operating margin | 9900 | €1,691 | -€5,348 | -€7,038 | |
| Operating profit (loss) | 9901 | -€1,141 | -€5,875 | -€4,734 | -415% |
| Financial income | 75/76B | €0 | €54 | +€54 | +76,900% |
| Recurring financial income | 75 | €0 | €54 | +€54 | +76,900% |
| Financial charges | 65/66B | €3,853 | €3,918 | +€64 | +1.7% |
| Recurring financial charges | 65 | €3,853 | €3,918 | +€64 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,995 | -€9,739 | -€4,745 | -95.0% |
| Profit (loss) for the period | 9904 | -€4,995 | -€9,739 | -€4,745 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,995 | -€9,739 | -€4,745 | -95.0% |
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 20 October 2026 via checked.be.