FOURTOLD BELGIUM: what changed
FOURTOLD BELGIUM
Largest movements
- Receivables within one year +€402,799
up €402,799 (+314%), from €128,439 to €531,239
of which Trade receivables: +€377,886
- Deferred charges and accrued income +€95,806
up €95,806 (+80.4%), from €119,226 to €215,032
- Financial fixed assets -€37,575
down €37,575 (-88.7%), from €42,368 to €4,793
- Cash -€25,703
down €25,703 (-3.0%), from €848,327 to €822,624
mainly Receivables within one year (-€402,799) and Contributions, distributions and other (-€287,018)
- Tangible fixed assets -€17,240
down €17,240 (-15.2%), from €113,052 to €95,812
of which Other tangible fixed assets: -€24,917
- Other debts +€117,298
up €117,298 (+26.5%), from €442,667 to €559,965
- Accrued charges and deferred income +€97,267
up €97,267 (+57.6%), from €168,793 to €266,060
- Tax, wage and social debts +€95,968
up €95,968 (+31.2%), from €307,714 to €403,682
of which Remuneration and social security: +€66,460
- Profit (loss) carried forward +€95,899
up €95,899 (+34.0%), from €281,738 to €377,638
- Trade debts +€18,657
up €18,657 (+54.8%), from €34,029 to €52,686
- Gross operating margin +€752,380
up €752,380 (+86.8%), from €867,258 to €1.6m
- Staff costs +€611,940
up €611,940 (+174%), from €351,275 to €963,215
- Financial charges +€33,759
up €33,759 (+166%), from €20,351 to €54,110
- Taxes +€31,299
up €31,299 (+24.7%), from €126,563 to €157,861
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 | €1,251,411 | €1,676,501 | +€425,089 | +34.0% |
| Fixed assets | 21/28 | €155,419 | €107,606 | -€47,813 | -30.8% |
| Intangible fixed assets | 21 | - | €7,001 | +€7,001 | |
| Tangible fixed assets | 22/27 | €113,052 | €95,812 | -€17,240 | -15.2% |
| Plant, machinery and equipment | 23 | €7,428 | €6,009 | -€1,419 | -19.1% |
| Furniture and vehicles | 24 | - | €9,097 | +€9,097 | |
| Other tangible fixed assets | 26 | €105,624 | €80,706 | -€24,917 | -23.6% |
| Financial fixed assets | 28 | €42,368 | €4,793 | -€37,575 | -88.7% |
| Current assets | 29/58 | €1,095,992 | €1,568,895 | +€472,903 | +43.1% |
| Amounts receivable within one year | 40/41 | €128,439 | €531,239 | +€402,799 | +314% |
| Trade receivables | 40 | €127,879 | €505,765 | +€377,886 | +296% |
| Other amounts receivable | 41 | €560 | €25,474 | +€24,914 | +4,446% |
| Cash at bank and in hand | 54/58 | €848,327 | €822,624 | -€25,703 | -3.0% |
| Deferred charges and accrued income | 490/1 | €119,226 | €215,032 | +€95,806 | +80.4% |
| Total equity and liabilities | 10/49 | €1,251,411 | €1,676,501 | +€425,089 | +34.0% |
| Equity | 10/15 | €298,209 | €394,108 | +€95,899 | +32.2% |
| Contributions | 10/11 | €16,471 | €16,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | €281,738 | €377,638 | +€95,899 | +34.0% |
| Amounts payable | 17/49 | €953,202 | €1,282,392 | +€329,190 | +34.5% |
| Amounts payable within one year | 42/48 | €784,410 | €1,016,333 | +€231,923 | +29.6% |
| Trade debts | 44 | €34,029 | €52,686 | +€18,657 | +54.8% |
| Suppliers | 440/4 | €34,029 | €52,686 | +€18,657 | +54.8% |
| Taxes, remuneration and social security | 45 | €307,714 | €403,682 | +€95,968 | +31.2% |
| Taxes | 450/3 | €284,565 | €314,073 | +€29,509 | +10.4% |
| Remuneration and social security | 454/9 | €23,149 | €89,609 | +€66,460 | +287% |
| Other amounts payable | 47/48 | €442,667 | €559,965 | +€117,298 | +26.5% |
| Accrued charges and deferred income | 492/3 | €168,793 | €266,060 | +€97,267 | +57.6% |
| Remuneration, social security and pensions | 62 | €351,275 | €963,215 | +€611,940 | +174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,960 | €29,248 | -€5,712 | -16.3% |
| Other operating charges | 640/8 | €16,964 | €32,287 | +€15,324 | +90.3% |
| Gross operating margin | 9900 | €867,258 | €1,619,639 | +€752,380 | +86.8% |
| Operating profit (loss) | 9901 | €464,060 | €594,889 | +€130,829 | +28.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €20,351 | €54,110 | +€33,759 | +166% |
| Recurring financial charges | 65 | €20,351 | €54,110 | +€33,759 | +166% |
| Profit (loss) for the period before taxes | 9903 | €443,709 | €540,779 | +€97,070 | +21.9% |
| Income taxes | 67/77 | €126,563 | €157,861 | +€31,299 | +24.7% |
| Profit (loss) for the period | 9904 | €317,146 | €382,918 | +€65,772 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €317,146 | €382,918 | +€65,772 | +20.7% |
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.