Fyra: 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.
Fyra
Largest movements
- Deferred charges and accrued income -€32,895
down €32,895 (-12.4%), from €265,901 to €233,006
- Tangible fixed assets -€5,250
down €5,250 (-11.0%), from €47,696 to €42,446
- Debts after one year -€35,730
down €35,730 (-54.5%), from €65,530 to €29,800
of which Financial debts: -€36,000
- Profit (loss) carried forward -€4,171
down €4,171 (-63.3%), from -€6,585 to -€10,756
- Gross operating margin +€1,805
up €1,805, from -€185 to €1,620
- Other operating charges -€1,021
down €1,021 (-66.3%), from €1,541 to €520
- Depreciation +€446
up €446 (+9.3%), from €4,804 to €5,250
- Financial charges -€34
down €34 (-61.6%), from €55 to €21
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 | €349,258 | €309,600 | -€39,658 | -11.4% |
| Fixed assets | 21/28 | €80,591 | €75,341 | -€5,250 | -6.5% |
| Tangible fixed assets | 22/27 | €47,696 | €42,446 | -€5,250 | -11.0% |
| Other tangible fixed assets | 26 | €47,696 | €42,446 | -€5,250 | -11.0% |
| Financial fixed assets | 28 | €32,895 | €32,895 | = | 0.0% |
| Current assets | 29/58 | €268,667 | €234,259 | -€34,408 | -12.8% |
| Cash at bank and in hand | 54/58 | €2,766 | €1,253 | -€1,513 | -54.7% |
| Deferred charges and accrued income | 490/1 | €265,901 | €233,006 | -€32,895 | -12.4% |
| Total equity and liabilities | 10/49 | €349,258 | €309,600 | -€39,658 | -11.4% |
| Equity | 10/15 | €243,415 | €239,244 | -€4,171 | -1.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,585 | -€10,756 | -€4,171 | -63.3% |
| Amounts payable | 17/49 | €105,843 | €70,356 | -€35,488 | -33.5% |
| Amounts payable after more than one year | 17 | €65,530 | €29,800 | -€35,730 | -54.5% |
| Financial debts | 170/4 | €62,550 | €26,550 | -€36,000 | -57.6% |
| Other amounts payable | 178/9 | €2,980 | €3,250 | +€270 | +9.1% |
| Amounts payable within one year | 42/48 | €39,228 | €40,556 | +€1,327 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €36,000 | €36,000 | = | 0.0% |
| Trade debts | 44 | €462 | €1,690 | +€1,227 | +265.7% |
| Suppliers | 440/4 | €462 | €1,690 | +€1,227 | +265.7% |
| Other amounts payable | 47/48 | €2,766 | €2,866 | +€100 | +3.6% |
| Accrued charges and deferred income | 492/3 | €1,085 | €0 | -€1,085 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,804 | €5,250 | +€446 | +9.3% |
| Other operating charges | 640/8 | €1,541 | €520 | -€1,021 | -66.3% |
| Gross operating margin | 9900 | -€185 | €1,620 | +€1,805 | |
| Operating profit (loss) | 9901 | -€6,530 | -€4,150 | +€2,380 | +36.5% |
| Financial charges | 65/66B | €55 | €21 | -€34 | -61.6% |
| Recurring financial charges | 65 | €55 | €21 | -€34 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,585 | -€4,171 | +€2,414 | +36.7% |
| Profit (loss) for the period | 9904 | -€6,585 | -€4,171 | +€2,414 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,585 | -€4,171 | +€2,414 | +36.7% |
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 9 October 2026 via checked.be.