FOUREVER: 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.
FOUREVER
Largest movements
- Tangible fixed assets +€313,086
up €313,086 (+9.8%), from €3.2m to €3.5m
of which Other tangible fixed assets: +€383,202
- Receivables within one year +€42,775
up €42,775 (+21.8%), from €195,969 to €238,743
of which Other amounts receivable: +€37,901
- Debts after one year +€207,103
up €207,103 (+16.8%), from €1.2m to €1.4m
- Profit (loss) carried forward +€116,810
up €116,810 (+11.8%), from €992,483 to €1.1m
- Other debts +€49,928
up €49,928 (+8.8%), from €568,111 to €618,039
- Gross operating margin +€62,887
up €62,887 (+11.1%), from €567,602 to €630,489
- Depreciation +€38,089
up €38,089 (+16.3%), from €233,507 to €271,597
- Financial charges -€19,409
down €19,409 (-29.8%), from €65,126 to €45,717
- Staff costs +€17,492
up €17,492 (+15.1%), from €115,951 to €133,443
- Other operating charges +€16,119
up €16,119 (+83.3%), from €19,349 to €35,468
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.
Derived cash bridge
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 | €3,475,976 | €3,868,751 | +€392,775 | +11.3% |
| Fixed assets | 21/28 | €3,229,959 | €3,543,045 | +€313,086 | +9.7% |
| Tangible fixed assets | 22/27 | €3,194,229 | €3,507,315 | +€313,086 | +9.8% |
| Land and buildings | 22 | €2,051,138 | €1,980,392 | -€70,745 | -3.4% |
| Plant, machinery and equipment | 23 | €911,012 | €914,117 | +€3,105 | +0.3% |
| Furniture and vehicles | 24 | €46,843 | €44,368 | -€2,475 | -5.3% |
| Other tangible fixed assets | 26 | €185,237 | €568,438 | +€383,202 | +207% |
| Financial fixed assets | 28 | €35,730 | €35,730 | = | 0.0% |
| Current assets | 29/58 | €246,017 | €325,706 | +€79,689 | +32.4% |
| Amounts receivable within one year | 40/41 | €195,969 | €238,743 | +€42,775 | +21.8% |
| Trade receivables | 40 | €110,289 | €115,163 | +€4,874 | +4.4% |
| Other amounts receivable | 41 | €85,680 | €123,580 | +€37,901 | +44.2% |
| Cash at bank and in hand | 54/58 | €40,699 | €71,488 | +€30,789 | +75.7% |
| Deferred charges and accrued income | 490/1 | €9,350 | €15,476 | +€6,126 | +65.5% |
| Total equity and liabilities | 10/49 | €3,475,976 | €3,868,751 | +€392,775 | +11.3% |
| Equity | 10/15 | €1,310,214 | €1,427,024 | +€116,810 | +8.9% |
| Contributions | 10/11 | €82,961 | €82,961 | = | 0.0% |
| Capital | 10 | €82,961 | €82,961 | = | 0.0% |
| Issued capital | 100 | €82,961 | €82,961 | = | 0.0% |
| Reserves | 13 | €234,770 | €234,770 | = | 0.0% |
| Non-distributable reserves | 130/1 | €48,296 | €48,296 | = | 0.0% |
| Legal reserve | 130 | €48,296 | €48,296 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €167,724 | €167,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | €992,483 | €1,109,294 | +€116,810 | +11.8% |
| Amounts payable | 17/49 | €2,165,762 | €2,441,727 | +€275,965 | +12.7% |
| Amounts payable after more than one year | 17 | €1,233,005 | €1,440,108 | +€207,103 | +16.8% |
| Financial debts | 170/4 | €1,233,005 | €1,440,108 | +€207,103 | +16.8% |
| Amounts payable within one year | 42/48 | €932,757 | €1,001,619 | +€68,862 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €78,614 | €76,571 | -€2,043 | -2.6% |
| Trade debts | 44 | €231,615 | €221,086 | -€10,529 | -4.5% |
| Suppliers | 440/4 | €223,615 | €213,086 | -€10,529 | -4.7% |
| Bills of exchange payable | 441 | €8,000 | €8,000 | = | 0.0% |
| Advances received on contracts in progress | 46 | €3,000 | €9,557 | +€6,557 | +219% |
| Taxes, remuneration and social security | 45 | €51,417 | €76,366 | +€24,949 | +48.5% |
| Taxes | 450/3 | €36,760 | €63,671 | +€26,911 | +73.2% |
| Remuneration and social security | 454/9 | €14,657 | €12,695 | -€1,962 | -13.4% |
| Other amounts payable | 47/48 | €568,111 | €618,039 | +€49,928 | +8.8% |
| Remuneration, social security and pensions | 62 | €115,951 | €133,443 | +€17,492 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,507 | €271,597 | +€38,089 | +16.3% |
| Other operating charges | 640/8 | €19,349 | €35,468 | +€16,119 | +83.3% |
| Gross operating margin | 9900 | €567,602 | €630,489 | +€62,887 | +11.1% |
| Operating profit (loss) | 9901 | €198,795 | €189,982 | -€8,813 | -4.4% |
| Financial income | 75/76B | €606 | €83 | -€523 | -86.2% |
| Recurring financial income | 75 | €606 | €83 | -€523 | -86.2% |
| Financial charges | 65/66B | €65,126 | €45,717 | -€19,409 | -29.8% |
| Recurring financial charges | 65 | €65,126 | €45,717 | -€19,409 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €134,275 | €144,349 | +€10,073 | +7.5% |
| Income taxes | 67/77 | €36,133 | €27,539 | -€8,594 | -23.8% |
| Profit (loss) for the period | 9904 | €98,142 | €116,810 | +€18,668 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €98,142 | €116,810 | +€18,668 | +19.0% |
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 13 October 2026 via checked.be.