FOURNIVERT: 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.
FOURNIVERT
Largest movements
- Receivables within one year -€49,249
down €49,249 (-93.5%), from €52,646 to €3,397
of which Trade receivables: -€49,035
- Cash +€48,107
up €48,107 (+191.5%), from €25,116 to €73,223
mainly Depreciation (+€56,473) and Receivables within one year (+€49,249)
- Tangible fixed assets -€20,718
down €20,718 (-12.0%), from €172,381 to €151,663
of which Plant, machinery and equipment: -€21,125
- Trade debts -€52,468
down €52,468 (-94.4%), from €55,597 to €3,129
- Reserves +€49,076
up €49,076 (+99.7%), from €49,248 to €98,324
- Debts after one year -€27,390
down €27,390 (-34.6%), from €79,132 to €51,742
- Other debts +€9,399
up €9,399 (+559.1%), from €1,681 to €11,080
- Tax, wage and social debts +€5,879
up €5,879 (+23.3%), from €25,255 to €31,134
of which Taxes: +€5,427
- Gross operating margin +€106,749
up €106,749 (+138.3%), from €77,165 to €183,914
- Staff costs +€51,751
up €51,751 (+790.9%), from €6,543 to €58,294
- Taxes +€11,567
up €11,567 (+442.8%), from €2,612 to €14,179
- Depreciation +€8,388
up €8,388 (+17.4%), from €48,086 to €56,473
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 | €250,144 | €228,826 | -€21,318 | -8.5% |
| Fixed assets | 21/28 | €172,382 | €151,664 | -€20,718 | -12.0% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -39.3% |
| Tangible fixed assets | 22/27 | €172,381 | €151,663 | -€20,718 | -12.0% |
| Plant, machinery and equipment | 23 | €101,220 | €80,094 | -€21,125 | -20.9% |
| Furniture and vehicles | 24 | €71,161 | €68,704 | -€2,457 | -3.5% |
| Other tangible fixed assets | 26 | - | €2,865 | +€2,865 | |
| Current assets | 29/58 | €77,762 | €77,162 | -€600 | -0.8% |
| Amounts receivable within one year | 40/41 | €52,646 | €3,397 | -€49,249 | -93.5% |
| Trade receivables | 40 | €52,432 | €3,397 | -€49,035 | -93.5% |
| Other amounts receivable | 41 | €214 | €0 | -€214 | -100.0% |
| Cash at bank and in hand | 54/58 | €25,116 | €73,223 | +€48,107 | +191.5% |
| Deferred charges and accrued income | 490/1 | €0 | €543 | +€543 | |
| Total equity and liabilities | 10/49 | €250,144 | €228,826 | -€21,318 | -8.5% |
| Equity | 10/15 | €54,248 | €103,324 | +€49,076 | +90.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,248 | €98,324 | +€49,076 | +99.7% |
| Distributable reserves | 133 | €49,248 | €98,324 | +€49,076 | +99.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €195,895 | €125,501 | -€70,394 | -35.9% |
| Amounts payable after more than one year | 17 | €79,132 | €51,742 | -€27,390 | -34.6% |
| Financial debts | 170/4 | €79,132 | €51,742 | -€27,390 | -34.6% |
| Amounts payable within one year | 42/48 | €115,366 | €72,765 | -€42,600 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €32,833 | €27,422 | -€5,411 | -16.5% |
| Trade debts | 44 | €55,597 | €3,129 | -€52,468 | -94.4% |
| Suppliers | 440/4 | €55,597 | €3,129 | -€52,468 | -94.4% |
| Taxes, remuneration and social security | 45 | €25,255 | €31,134 | +€5,879 | +23.3% |
| Taxes | 450/3 | €20,056 | €25,484 | +€5,427 | +27.1% |
| Remuneration and social security | 454/9 | €5,199 | €5,651 | +€452 | +8.7% |
| Other amounts payable | 47/48 | €1,681 | €11,080 | +€9,399 | +559.1% |
| Accrued charges and deferred income | 492/3 | €1,398 | €994 | -€404 | -28.9% |
| Non-recurring operating income | 76A | - | €4,252 | +€4,252 | |
| Remuneration, social security and pensions | 62 | €6,543 | €58,294 | +€51,751 | +790.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,086 | €56,473 | +€8,388 | +17.4% |
| Other operating charges | 640/8 | €1,056 | €593 | -€463 | -43.8% |
| Non-recurring operating charges | 66A | €3,961 | €87 | -€3,874 | -97.8% |
| Gross operating margin | 9900 | €77,165 | €183,914 | +€106,749 | +138.3% |
| Operating profit (loss) | 9901 | €17,519 | €68,466 | +€50,947 | +290.8% |
| Financial income | 75/76B | €17 | €6 | -€11 | -66.9% |
| Recurring financial income | 75 | €17 | €6 | -€11 | -66.9% |
| Financial charges | 65/66B | €4,955 | €5,216 | +€261 | +5.3% |
| Recurring financial charges | 65 | €4,955 | €5,216 | +€261 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €12,581 | €63,255 | +€50,674 | +402.8% |
| Income taxes | 67/77 | €2,612 | €14,179 | +€11,567 | +442.8% |
| Profit (loss) for the period | 9904 | €9,969 | €49,076 | +€39,107 | +392.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,969 | €49,076 | +€39,107 | +392.3% |
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 6 October 2026 via checked.be.