FOUR ZERO: 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 ZERO
Largest movements
- Tangible fixed assets +€30,730
new in 2025: €30,730
- Receivables within one year +€1,708
up €1,708 (+2.3%), from €75,189 to €76,897
of which Other amounts receivable: +€2,372
- Trade debts +€31,842
up €31,842 (+16675.4%), from €191 to €32,033
- Short-term financial debts -€3,343
down €3,343 (-56.1%), from €5,962 to €2,619
- Reserves +€2,924
up €2,924 (+19.5%), from €14,983 to €17,907
of which Distributable reserves: +€2,924
- Gross operating margin -€3,146
down €3,146 (-28.7%), from €10,974 to €7,828
- Taxes -€1,356
down €1,356 (-34.3%), from €3,949 to €2,593
- Other operating charges +€368
up €368 (+52.4%), from €702 to €1,071
- Depreciation +€289
new in 2025: €289
- Financial charges +€239
up €239 (+21.5%), from €1,111 to €1,350
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,189 | €107,627 | +€32,438 | +43.1% |
| Fixed assets | 21/28 | - | €30,730 | +€30,730 | |
| Tangible fixed assets | 22/27 | - | €30,730 | +€30,730 | |
| Furniture and vehicles | 24 | - | €30,730 | +€30,730 | |
| Current assets | 29/58 | €75,189 | €76,897 | +€1,708 | +2.3% |
| Amounts receivable within one year | 40/41 | €75,189 | €76,897 | +€1,708 | +2.3% |
| Trade receivables | 40 | €45,348 | €44,684 | -€664 | -1.5% |
| Other amounts receivable | 41 | €29,841 | €32,212 | +€2,372 | +7.9% |
| Total equity and liabilities | 10/49 | €75,189 | €107,627 | +€32,438 | +43.1% |
| Equity | 10/15 | €60,280 | €63,204 | +€2,924 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,983 | €17,907 | +€2,924 | +19.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,123 | €16,047 | +€2,924 | +22.3% |
| Profit (loss) carried forward | 14 | €39,097 | €39,097 | = | 0.0% |
| Amounts payable | 17/49 | €14,908 | €44,423 | +€29,514 | +198.0% |
| Amounts payable within one year | 42/48 | €14,737 | €43,779 | +€29,043 | +197.1% |
| Financial debts | 43 | €5,962 | €2,619 | -€3,343 | -56.1% |
| Credit institutions | 430/8 | €5,962 | €2,619 | -€3,343 | -56.1% |
| Trade debts | 44 | €191 | €32,033 | +€31,842 | +16675.4% |
| Suppliers | 440/4 | €191 | €32,033 | +€31,842 | +16675.4% |
| Taxes, remuneration and social security | 45 | €8,572 | €8,525 | -€46 | -0.5% |
| Taxes | 450/3 | €8,572 | €8,525 | -€46 | -0.5% |
| Other amounts payable | 47/48 | €12 | €602 | +€590 | +5115.6% |
| Accrued charges and deferred income | 492/3 | €172 | €644 | +€472 | +274.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €289 | +€289 | |
| Other operating charges | 640/8 | €702 | €1,071 | +€368 | +52.4% |
| Gross operating margin | 9900 | €10,974 | €7,828 | -€3,146 | -28.7% |
| Operating profit (loss) | 9901 | €10,272 | €6,468 | -€3,803 | -37.0% |
| Financial income | 75/76B | €499 | €398 | -€101 | -20.2% |
| Recurring financial income | 75 | €499 | €398 | -€101 | -20.2% |
| Financial charges | 65/66B | €1,111 | €1,350 | +€239 | +21.5% |
| Recurring financial charges | 65 | €1,111 | €1,350 | +€239 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €9,660 | €5,517 | -€4,143 | -42.9% |
| Income taxes | 67/77 | €3,949 | €2,593 | -€1,356 | -34.3% |
| Profit (loss) for the period | 9904 | €5,711 | €2,924 | -€2,788 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,711 | €2,924 | -€2,788 | -48.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.