FOURBASES: 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.
FOURBASES
Largest movements
- Current investments +€338,191
up €338,191 (+195.3%), from €173,194 to €511,385
- Cash +€206,223
up €206,223 (+25.2%), from €818,617 to €1.0m
mainly Net result for the year (+€1.8m) and Other debts (+€481,637)
- Stocks and contracts +€171,102
up €171,102 (+13.4%), from €1.3m to €1.5m
- Receivables within one year +€127,401
up €127,401 (+11.8%), from €1.1m to €1.2m
of which Other amounts receivable: +€126,049
- Other debts +€481,637
up €481,637 (+34.3%), from €1.4m to €1.9m
- Trade debts +€156,494
up €156,494 (+24.8%), from €631,475 to €787,969
- Accrued charges and deferred income +€124,173
up €124,173 (+628.4%), from €19,760 to €143,933
- Gross operating margin +€193,016
up €193,016 (+5.8%), from €3.3m to €3.5m
- Write-downs +€122,200
up €122,200, from -€24,450 to €97,750
- Staff costs +€89,325
up €89,325 (+9.6%), from €927,585 to €1.0m
- Taxes -€47,260
down €47,260 (-7.8%), from €608,720 to €561,460
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 | €3,707,707 | €4,477,046 | +€769,339 | +20.7% |
| Fixed assets | 21/28 | €311,950 | €267,232 | -€44,717 | -14.3% |
| Intangible fixed assets | 21 | €72,205 | €52,639 | -€19,567 | -27.1% |
| Tangible fixed assets | 22/27 | €170,931 | €145,780 | -€25,151 | -14.7% |
| Plant, machinery and equipment | 23 | €58,261 | €40,620 | -€17,641 | -30.3% |
| Furniture and vehicles | 24 | €15,956 | €12,965 | -€2,991 | -18.7% |
| Other tangible fixed assets | 26 | €96,714 | €92,195 | -€4,519 | -4.7% |
| Financial fixed assets | 28 | €68,814 | €68,814 | = | 0.0% |
| Current assets | 29/58 | €3,395,757 | €4,209,814 | +€814,056 | +24.0% |
| Stocks and contracts in progress | 3 | €1,280,916 | €1,452,018 | +€171,102 | +13.4% |
| Stocks | 30/36 | €1,280,916 | €1,452,018 | +€171,102 | +13.4% |
| Amounts receivable within one year | 40/41 | €1,075,891 | €1,203,292 | +€127,401 | +11.8% |
| Trade receivables | 40 | €1,001,574 | €1,002,926 | +€1,352 | +0.1% |
| Other amounts receivable | 41 | €74,316 | €200,366 | +€126,049 | +169.6% |
| Current investments | 50/53 | €173,194 | €511,385 | +€338,191 | +195.3% |
| Cash at bank and in hand | 54/58 | €818,617 | €1,024,840 | +€206,223 | +25.2% |
| Deferred charges and accrued income | 490/1 | €47,139 | €18,278 | -€28,860 | -61.2% |
| Total equity and liabilities | 10/49 | €3,707,707 | €4,477,046 | +€769,339 | +20.7% |
| Equity | 10/15 | €1,555,254 | €1,554,899 | -€355 | 0.0% |
| Contributions | 10/11 | €43,152 | €43,152 | = | 0.0% |
| Reserves | 13 | €1,512,102 | €1,511,747 | -€355 | 0.0% |
| Tax-exempt reserves | 132 | €57,336 | €57,336 | = | 0.0% |
| Distributable reserves | 133 | €1,454,766 | €1,454,411 | -€355 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,152,453 | €2,922,147 | +€769,694 | +35.8% |
| Amounts payable within one year | 42/48 | €2,132,694 | €2,778,215 | +€645,521 | +30.3% |
| Trade debts | 44 | €631,475 | €787,969 | +€156,494 | +24.8% |
| Suppliers | 440/4 | €631,475 | €787,969 | +€156,494 | +24.8% |
| Taxes, remuneration and social security | 45 | €96,029 | €103,419 | +€7,391 | +7.7% |
| Taxes | 450/3 | €2,652 | €702 | -€1,951 | -73.5% |
| Remuneration and social security | 454/9 | €93,376 | €102,718 | +€9,341 | +10.0% |
| Other amounts payable | 47/48 | €1,405,190 | €1,886,827 | +€481,637 | +34.3% |
| Accrued charges and deferred income | 492/3 | €19,760 | €143,933 | +€124,173 | +628.4% |
| Remuneration, social security and pensions | 62 | €927,585 | €1,016,910 | +€89,325 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,782 | €57,354 | +€5,573 | +10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€24,450 | €97,750 | +€122,200 | |
| Other operating charges | 640/8 | €7,909 | €21,674 | +€13,765 | +174.0% |
| Gross operating margin | 9900 | €3,316,502 | €3,509,518 | +€193,016 | +5.8% |
| Operating profit (loss) | 9901 | €2,353,676 | €2,315,829 | -€37,847 | -1.6% |
| Financial income | 75/76B | €76,880 | €63,848 | -€13,033 | -17.0% |
| Recurring financial income | 75 | €76,880 | €63,848 | -€13,033 | -17.0% |
| Financial charges | 65/66B | €15,094 | €22,796 | +€7,702 | +51.0% |
| Recurring financial charges | 65 | €15,094 | €22,796 | +€7,702 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €2,415,462 | €2,356,881 | -€58,581 | -2.4% |
| Income taxes | 67/77 | €608,720 | €561,460 | -€47,260 | -7.8% |
| Profit (loss) for the period | 9904 | €1,806,742 | €1,795,421 | -€11,321 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,806,742 | €1,795,421 | -€11,321 | -0.6% |
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 11 October 2026 via checked.be.