FPD4: 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.
FPD4
Largest movements
- Receivables within one year +€1,939
up €1,939 (+486%), from €399 to €2,337
of which Other amounts receivable: +€1,806
- Cash -€1,707
down €1,707 (-27.9%), from €6,108 to €4,401
mainly Net result for the year (-€16,547) and Receivables within one year (-€1,939)
- Formation expenses -€203
down €203 (-50.2%), from €405 to €201
- Debts after one year +€17,025
up €17,025 (+40.3%), from €42,231 to €59,257
- Profit (loss) carried forward -€16,547
down €16,547 (-33.7%), from -€49,097 to -€65,645
- Trade debts -€449
down €449 (-11.9%), from €3,777 to €3,328
- Gross operating margin -€271
down €271 (-2.1%), from -€13,223 to -€13,494
- Purchases and services +€271
up €271 (+2.1%), from €13,223 to €13,494
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 | €6,911 | €6,940 | +€29 | +0.4% |
| Formation expenses | 20 | €405 | €201 | -€203 | -50.2% |
| Current assets | 29/58 | €6,506 | €6,738 | +€232 | +3.6% |
| Amounts receivable within one year | 40/41 | €399 | €2,337 | +€1,939 | +486% |
| Trade receivables | 40 | - | €132 | +€132 | |
| Other amounts receivable | 41 | €399 | €2,205 | +€1,806 | +453% |
| Cash at bank and in hand | 54/58 | €6,108 | €4,401 | -€1,707 | -27.9% |
| Total equity and liabilities | 10/49 | €6,911 | €6,940 | +€29 | +0.4% |
| Equity | 10/15 | -€39,097 | -€55,645 | -€16,547 | -42.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,097 | -€65,645 | -€16,547 | -33.7% |
| Amounts payable | 17/49 | €46,008 | €62,584 | +€16,576 | +36.0% |
| Amounts payable after more than one year | 17 | €42,231 | €59,257 | +€17,025 | +40.3% |
| Other amounts payable | 178/9 | €42,231 | €59,257 | +€17,025 | +40.3% |
| Amounts payable within one year | 42/48 | €3,777 | €3,328 | -€449 | -11.9% |
| Trade debts | 44 | €3,777 | €3,328 | -€449 | -11.9% |
| Suppliers | 440/4 | €3,777 | €3,328 | -€449 | -11.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,223 | €13,494 | +€271 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203 | €203 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€13,223 | -€13,494 | -€271 | -2.1% |
| Operating profit (loss) | 9901 | -€13,813 | -€14,097 | -€284 | -2.1% |
| Financial charges | 65/66B | €2,536 | €2,450 | -€86 | -3.4% |
| Recurring financial charges | 65 | €2,536 | €2,450 | -€86 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,349 | -€16,547 | -€198 | -1.2% |
| Profit (loss) for the period | 9904 | -€16,349 | -€16,547 | -€198 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,349 | -€16,547 | -€198 | -1.2% |
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 15 October 2026 via checked.be.