FOUR ONE: what changed
Two fiscal 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 ONE
Largest movements
- Tangible fixed assets +€51,209
up €51,209 (+11.1%), from €462,887 to €514,096
of which Furniture and vehicles: +€102,418
- Reserves +€63,246
up €63,246 (+15.5%), from €409,337 to €472,582
of which Distributable reserves: +€63,246
- Other debts -€14,582
down €14,582 (-16.2%), from €90,280 to €75,699
- Gross operating margin +€97,433
up €97,433 (+120.9%), from €80,562 to €177,995
- Taxes +€29,013
up €29,013 (+2299.7%), from €1,262 to €30,275
- Depreciation +€7,904
up €7,904 (+12.2%), from €64,552 to €72,456
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €576,854 | €621,950 | +€45,096 | +7.8% |
| Fixed assets | 21/28 | €462,892 | €514,101 | +€51,209 | +11.1% |
| Tangible fixed assets | 22/27 | €462,887 | €514,096 | +€51,209 | +11.1% |
| Land and buildings | 22 | €33,044 | €26,821 | -€6,223 | -18.8% |
| Plant, machinery and equipment | 23 | €4,041 | €2,831 | -€1,210 | -29.9% |
| Furniture and vehicles | 24 | €8,961 | €111,379 | +€102,418 | +1143.0% |
| Other tangible fixed assets | 26 | €416,841 | €373,065 | -€43,776 | -10.5% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €113,962 | €107,849 | -€6,113 | -5.4% |
| Amounts receivable within one year | 40/41 | €27,048 | €22,208 | -€4,840 | -17.9% |
| Trade receivables | 40 | €13,310 | €8,470 | -€4,840 | -36.4% |
| Other amounts receivable | 41 | €13,738 | €13,738 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,252 | €82,703 | -€1,549 | -1.8% |
| Deferred charges and accrued income | 490/1 | €2,662 | €2,938 | +€276 | +10.4% |
| Total equity and liabilities | 10/49 | €576,854 | €621,950 | +€45,096 | +7.8% |
| Equity | 10/15 | €473,468 | €536,714 | +€63,246 | +13.4% |
| Contributions | 10/11 | €64,107 | €64,107 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €2,107 | €2,107 | = | 0.0% |
| Share premium | 1100/10 | €2,107 | €2,107 | = | 0.0% |
| Reserves | 13 | €409,337 | €472,582 | +€63,246 | +15.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €923 | €923 | = | 0.0% |
| Distributable reserves | 133 | €402,214 | €465,460 | +€63,246 | +15.7% |
| Profit (loss) carried forward | 14 | €25 | €25 | = | 0.0% |
| Amounts payable | 17/49 | €103,386 | €85,236 | -€18,150 | -17.6% |
| Amounts payable within one year | 42/48 | €103,386 | €85,236 | -€18,150 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €192 | €1,457 | +€1,265 | +659.3% |
| Suppliers | 440/4 | €192 | €1,457 | +€1,265 | +659.3% |
| Taxes, remuneration and social security | 45 | €12,913 | €8,080 | -€4,833 | -37.4% |
| Taxes | 450/3 | €12,913 | €8,080 | -€4,833 | -37.4% |
| Other amounts payable | 47/48 | €90,280 | €75,699 | -€14,582 | -16.2% |
| Non-recurring operating income | 76A | - | €20,337 | +€20,337 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,552 | €72,456 | +€7,904 | +12.2% |
| Other operating charges | 640/8 | €5,069 | €5,594 | +€525 | +10.4% |
| Gross operating margin | 9900 | €80,562 | €177,995 | +€97,433 | +120.9% |
| Operating profit (loss) | 9901 | €10,942 | €99,945 | +€89,004 | +813.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €8,171 | €6,425 | -€1,745 | -21.4% |
| Recurring financial charges | 65 | €8,171 | €6,425 | -€1,745 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €2,771 | €93,521 | +€90,750 | +3275.0% |
| Income taxes | 67/77 | €1,262 | €30,275 | +€29,013 | +2299.7% |
| Profit (loss) for the period | 9904 | €1,509 | €63,246 | +€61,736 | +4090.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,509 | €63,246 | +€61,736 | +4090.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.