FOUR ROSES: 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 ROSES
Largest movements
- Receivables within one year +€48,849
up €48,849 (+135.1%), from €36,153 to €85,002
of which Trade receivables: +€38,883
- Cash -€35,401
down €35,401 (-82.5%), from €42,922 to €7,521
mainly Tax, wage and social debts (-€65,683) and Receivables within one year (-€48,849)
- Tangible fixed assets -€6,833
down €6,833 (-41.1%), from €16,625 to €9,792
- Trade debts +€69,444
up €69,444 (+246.4%), from €28,183 to €97,627
- Tax, wage and social debts -€65,683
down €65,683 (-92.3%), from €71,183 to €5,499
of which Remuneration and social security: -€64,673
- Other debts +€2,181
up €2,181 (+134.1%), from €1,626 to €3,807
- Staff costs -€12,093
down €12,093 (-35.1%), from €34,491 to €22,399
- Gross operating margin -€11,679
down €11,679 (-24.8%), from €47,079 to €35,400
- Depreciation +€2,958
up €2,958 (+76.3%), from €3,875 to €6,833
- Taxes +€1,328
up €1,328 (+577.4%), from €230 to €1,558
- Financial charges -€591
down €591 (-61.8%), from €955 to €365
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 | €98,612 | €104,845 | +€6,233 | +6.3% |
| Fixed assets | 21/28 | €18,975 | €12,142 | -€6,833 | -36.0% |
| Tangible fixed assets | 22/27 | €16,625 | €9,792 | -€6,833 | -41.1% |
| Furniture and vehicles | 24 | €16,625 | €9,792 | -€6,833 | -41.1% |
| Financial fixed assets | 28 | €2,350 | €2,350 | = | 0.0% |
| Current assets | 29/58 | €79,637 | €92,703 | +€13,066 | +16.4% |
| Amounts receivable within one year | 40/41 | €36,153 | €85,002 | +€48,849 | +135.1% |
| Trade receivables | 40 | €36,117 | €75,000 | +€38,883 | +107.7% |
| Other amounts receivable | 41 | €36 | €10,002 | +€9,966 | +27987.6% |
| Cash at bank and in hand | 54/58 | €42,922 | €7,521 | -€35,401 | -82.5% |
| Deferred charges and accrued income | 490/1 | €562 | €180 | -€382 | -68.0% |
| Total equity and liabilities | 10/49 | €98,612 | €104,845 | +€6,233 | +6.3% |
| Equity | 10/15 | -€2,381 | -€2,088 | +€292 | +12.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,441 | -€10,148 | +€292 | +2.8% |
| Amounts payable | 17/49 | €100,992 | €106,933 | +€5,941 | +5.9% |
| Amounts payable within one year | 42/48 | €100,992 | €106,933 | +€5,941 | +5.9% |
| Trade debts | 44 | €28,183 | €97,627 | +€69,444 | +246.4% |
| Suppliers | 440/4 | €28,183 | €97,627 | +€69,444 | +246.4% |
| Taxes, remuneration and social security | 45 | €71,183 | €5,499 | -€65,683 | -92.3% |
| Taxes | 450/3 | €2,798 | €1,788 | -€1,010 | -36.1% |
| Remuneration and social security | 454/9 | €68,385 | €3,712 | -€64,673 | -94.6% |
| Other amounts payable | 47/48 | €1,626 | €3,807 | +€2,181 | +134.1% |
| Remuneration, social security and pensions | 62 | €34,491 | €22,399 | -€12,093 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,875 | €6,833 | +€2,958 | +76.3% |
| Other operating charges | 640/8 | €3,529 | €3,917 | +€388 | +11.0% |
| Non-recurring operating charges | 66A | €3,211 | €333 | -€2,878 | -89.6% |
| Gross operating margin | 9900 | €47,079 | €35,400 | -€11,679 | -24.8% |
| Operating profit (loss) | 9901 | €1,973 | €1,919 | -€54 | -2.7% |
| Financial income | 75/76B | - | €296 | +€296 | |
| Recurring financial income | 75 | - | €296 | +€296 | |
| Financial charges | 65/66B | €955 | €365 | -€591 | -61.8% |
| Recurring financial charges | 65 | €955 | €365 | -€591 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €1,018 | €1,850 | +€832 | +81.8% |
| Income taxes | 67/77 | €230 | €1,558 | +€1,328 | +577.4% |
| Profit (loss) for the period | 9904 | €788 | €292 | -€496 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €788 | €292 | -€496 | -62.9% |
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 3 October 2026 via checked.be.