FOURS H ET C: what changed
FOURS H ET C
Largest movements
- Cash +€196,566
up €196,566 (+756%), from €25,989 to €222,556
mainly Receivables within one year (+€112,310) and Stocks and contracts (+€101,692)
- Receivables within one year -€112,310
down €112,310 (-19.2%), from €585,889 to €473,579
of which Trade receivables: -€119,940
- Stocks and contracts -€101,692
down €101,692 (-42.4%), from €239,682 to €137,991
of which Contracts in progress: -€108,104
- Tangible fixed assets -€50,765
down €50,765 (-16.5%), from €308,145 to €257,379
of which Furniture and vehicles: -€28,167
- Trade debts -€164,337
down €164,337 (-33.9%), from €484,951 to €320,614
- Profit (loss) carried forward +€83,542
up €83,542, from -€1,528 to €82,014
- Other debts +€35,819
up €35,819 (+111%), from €32,343 to €68,162
- Debts after one year -€35,655
down €35,655 (-13.8%), from €258,582 to €222,928
of which Other amounts payable: -€20,511
- Gross operating margin +€190,174
up €190,174 (+33.4%), from €569,175 to €759,349
- Staff costs -€64,120
down €64,120 (-10.1%), from €632,851 to €568,732
- Financial charges +€14,718
up €14,718 (+46.7%), from €31,508 to €46,226
of which Non-recurring financial charges: +€12,316
- Depreciation -€8,437
down €8,437 (-15.7%), from €53,854 to €45,416
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,159,705 | €1,091,504 | -€68,200 | -5.9% |
| Fixed assets | 21/28 | €308,145 | €257,379 | -€50,765 | -16.5% |
| Tangible fixed assets | 22/27 | €308,145 | €257,379 | -€50,765 | -16.5% |
| Land and buildings | 22 | €226,434 | €208,144 | -€18,289 | -8.1% |
| Plant, machinery and equipment | 23 | €11,412 | €7,103 | -€4,309 | -37.8% |
| Furniture and vehicles | 24 | €70,299 | €42,131 | -€28,167 | -40.1% |
| Current assets | 29/58 | €851,560 | €834,125 | -€17,435 | -2.0% |
| Stocks and contracts in progress | 3 | €239,682 | €137,991 | -€101,692 | -42.4% |
| Stocks | 30/36 | €64,146 | €70,558 | +€6,412 | +10.0% |
| Contracts in progress | 37 | €175,537 | €67,433 | -€108,104 | -61.6% |
| Amounts receivable within one year | 40/41 | €585,889 | €473,579 | -€112,310 | -19.2% |
| Trade receivables | 40 | €585,889 | €465,948 | -€119,940 | -20.5% |
| Other amounts receivable | 41 | - | €7,630 | +€7,630 | |
| Cash at bank and in hand | 54/58 | €25,989 | €222,556 | +€196,566 | +756% |
| Total equity and liabilities | 10/49 | €1,159,705 | €1,091,504 | -€68,200 | -5.9% |
| Equity | 10/15 | €35,627 | €119,169 | +€83,542 | +234% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,563 | €18,563 | = | 0.0% |
| Distributable reserves | 133 | €18,563 | €18,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,528 | €82,014 | +€83,542 | |
| Amounts payable | 17/49 | €1,124,078 | €972,335 | -€151,742 | -13.5% |
| Amounts payable after more than one year | 17 | €258,582 | €222,928 | -€35,655 | -13.8% |
| Financial debts | 170/4 | €171,771 | €156,627 | -€15,144 | -8.8% |
| Other amounts payable | 178/9 | €86,811 | €66,301 | -€20,511 | -23.6% |
| Amounts payable within one year | 42/48 | €865,495 | €749,408 | -€116,088 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €33,011 | €32,405 | -€606 | -1.8% |
| Financial debts | 43 | €236,790 | €243,353 | +€6,563 | +2.8% |
| Credit institutions | 430/8 | €236,790 | €243,353 | +€6,563 | +2.8% |
| Trade debts | 44 | €484,951 | €320,614 | -€164,337 | -33.9% |
| Suppliers | 440/4 | €484,951 | €320,614 | -€164,337 | -33.9% |
| Taxes, remuneration and social security | 45 | €78,399 | €84,873 | +€6,473 | +8.3% |
| Taxes | 450/3 | €15,311 | €8,549 | -€6,762 | -44.2% |
| Remuneration and social security | 454/9 | €63,088 | €76,324 | +€13,235 | +21.0% |
| Other amounts payable | 47/48 | €32,343 | €68,162 | +€35,819 | +111% |
| Remuneration, social security and pensions | 62 | €632,851 | €568,732 | -€64,120 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,854 | €45,416 | -€8,437 | -15.7% |
| Other operating charges | 640/8 | €12,733 | €17,258 | +€4,524 | +35.5% |
| Gross operating margin | 9900 | €569,175 | €759,349 | +€190,174 | +33.4% |
| Operating profit (loss) | 9901 | -€130,263 | €127,943 | +€258,206 | |
| Financial income | 75/76B | €30 | €2,222 | +€2,192 | +7,194% |
| Recurring financial income | 75 | €30 | €2,222 | +€2,192 | +7,194% |
| Financial charges | 65/66B | €31,508 | €46,226 | +€14,718 | +46.7% |
| Recurring financial charges | 65 | €31,508 | €33,910 | +€2,402 | +7.6% |
| Non-recurring financial charges | 66B | - | €12,316 | +€12,316 | |
| Profit (loss) for the period before taxes | 9903 | -€161,740 | €83,940 | +€245,680 | |
| Income taxes | 67/77 | €679 | €398 | -€281 | -41.4% |
| Profit (loss) for the period | 9904 | -€162,419 | €83,542 | +€245,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€162,419 | €83,542 | +€245,961 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.