FOUR IT: 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 IT
Largest movements
- Receivables within one year -€11,253
down €11,253 (-29.1%), from €38,700 to €27,447
of which Other amounts receivable: -€14,959
- Cash -€7,068
down €7,068 (-9.6%), from €73,736 to €66,668
mainly Contributions, distributions and other (-€195,000) and Tax, wage and social debts (-€6,976)
- Tangible fixed assets -€4,992
down €4,992 (-10.2%), from €48,907 to €43,914
of which Land and buildings: -€4,783
- Profit (loss) carried forward -€120,221
down €120,221 (-85.5%), from €140,691 to €20,470
- Other debts +€105,804
new in 2025: €105,804
- Tax, wage and social debts -€6,976
down €6,976 (-48.6%), from €14,348 to €7,372
- Trade debts -€2,045
down €2,045 (-51.9%), from €3,940 to €1,895
- Gross operating margin +€8,277
up €8,277 (+8.4%), from €98,991 to €107,267
- Other operating charges -€3,830
down €3,830 (-91.5%), from €4,186 to €356
- Depreciation +€3,161
up €3,161 (+44.2%), from €7,154 to €10,315
- Taxes +€1,834
up €1,834 (+9.1%), from €20,094 to €21,927
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 | €161,979 | €138,541 | -€23,439 | -14.5% |
| Fixed assets | 21/28 | €48,907 | €43,914 | -€4,992 | -10.2% |
| Tangible fixed assets | 22/27 | €48,907 | €43,914 | -€4,992 | -10.2% |
| Land and buildings | 22 | €39,926 | €35,143 | -€4,783 | -12.0% |
| Furniture and vehicles | 24 | €8,980 | €8,771 | -€209 | -2.3% |
| Current assets | 29/58 | €113,073 | €94,626 | -€18,446 | -16.3% |
| Amounts receivable within one year | 40/41 | €38,700 | €27,447 | -€11,253 | -29.1% |
| Trade receivables | 40 | €17,666 | €21,372 | +€3,706 | +21.0% |
| Other amounts receivable | 41 | €21,034 | €6,075 | -€14,959 | -71.1% |
| Cash at bank and in hand | 54/58 | €73,736 | €66,668 | -€7,068 | -9.6% |
| Deferred charges and accrued income | 490/1 | €636 | €511 | -€125 | -19.6% |
| Total equity and liabilities | 10/49 | €161,979 | €138,541 | -€23,439 | -14.5% |
| Equity | 10/15 | €143,691 | €23,470 | -€120,221 | -83.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,691 | €20,470 | -€120,221 | -85.5% |
| Amounts payable | 17/49 | €18,289 | €115,071 | +€96,782 | +529.2% |
| Amounts payable within one year | 42/48 | €18,289 | €115,071 | +€96,782 | +529.2% |
| Trade debts | 44 | €3,940 | €1,895 | -€2,045 | -51.9% |
| Suppliers | 440/4 | €3,940 | €1,895 | -€2,045 | -51.9% |
| Taxes, remuneration and social security | 45 | €14,348 | €7,372 | -€6,976 | -48.6% |
| Taxes | 450/3 | €14,348 | €7,372 | -€6,976 | -48.6% |
| Other amounts payable | 47/48 | - | €105,804 | +€105,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,154 | €10,315 | +€3,161 | +44.2% |
| Other operating charges | 640/8 | €4,186 | €356 | -€3,830 | -91.5% |
| Gross operating margin | 9900 | €98,991 | €107,267 | +€8,277 | +8.4% |
| Operating profit (loss) | 9901 | €87,651 | €96,597 | +€8,946 | +10.2% |
| Financial income | 75/76B | €800 | €178 | -€622 | -77.8% |
| Recurring financial income | 75 | €800 | €178 | -€622 | -77.8% |
| Financial charges | 65/66B | €54 | €68 | +€14 | +25.6% |
| Recurring financial charges | 65 | €54 | €68 | +€14 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €88,396 | €96,707 | +€8,310 | +9.4% |
| Income taxes | 67/77 | €20,094 | €21,927 | +€1,834 | +9.1% |
| Profit (loss) for the period | 9904 | €68,303 | €74,779 | +€6,477 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,303 | €74,779 | +€6,477 | +9.5% |
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 10 October 2026 via checked.be.