Les 4 Arbres: 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.
Les 4 Arbres
Largest movements
- Cash +€65,863
up €65,863 (+919%), from €7,170 to €73,033
mainly Net result for the year (+€44,286) and Receivables within one year (+€43,378)
- Receivables within one year -€43,378
down €43,378 (-68.8%), from €63,059 to €19,681
- Tangible fixed assets -€10,490
down €10,490 (-20.3%), from €51,728 to €41,238
of which Furniture and vehicles: -€7,195
- Profit (loss) carried forward +€44,286
up €44,286 (+78.8%), from -€56,172 to -€11,886
- Debts after one year -€35,330
down €35,330 (-34.6%), from €102,071 to €66,741
of which Other amounts payable: -€30,000
- Trade debts +€2,785
up €2,785 (+271%), from €1,028 to €3,813
- Tax, wage and social debts +€1,720
up €1,720 (+40.6%), from €4,232 to €5,952
- Other debts -€1,663
down €1,663 (-28.6%), from €5,816 to €4,153
- Gross operating margin -€18,310
down €18,310 (-23.6%), from €77,522 to €59,212
- Depreciation +€4,283
up €4,283 (+69.0%), from €6,207 to €10,490
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 | €122,607 | €134,602 | +€11,995 | +9.8% |
| Fixed assets | 21/28 | €52,378 | €41,888 | -€10,490 | -20.0% |
| Tangible fixed assets | 22/27 | €51,728 | €41,238 | -€10,490 | -20.3% |
| Land and buildings | 22 | €15,316 | €13,361 | -€1,955 | -12.8% |
| Plant, machinery and equipment | 23 | €2,817 | €1,477 | -€1,340 | -47.6% |
| Furniture and vehicles | 24 | €33,595 | €26,400 | -€7,195 | -21.4% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €70,229 | €92,714 | +€22,485 | +32.0% |
| Amounts receivable within one year | 40/41 | €63,059 | €19,681 | -€43,378 | -68.8% |
| Trade receivables | 40 | €63,059 | €19,681 | -€43,378 | -68.8% |
| Cash at bank and in hand | 54/58 | €7,170 | €73,033 | +€65,863 | +919% |
| Total equity and liabilities | 10/49 | €122,607 | €134,602 | +€11,995 | +9.8% |
| Equity | 10/15 | €4,328 | €48,614 | +€44,286 | +1,023% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €5,500 | €5,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,500 | €5,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,172 | -€11,886 | +€44,286 | +78.8% |
| Amounts payable | 17/49 | €118,279 | €85,988 | -€32,291 | -27.3% |
| Amounts payable after more than one year | 17 | €102,071 | €66,741 | -€35,330 | -34.6% |
| Financial debts | 170/4 | €22,071 | €16,741 | -€5,330 | -24.1% |
| Other amounts payable | 178/9 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Amounts payable within one year | 42/48 | €16,208 | €19,247 | +€3,039 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €5,132 | €5,329 | +€197 | +3.8% |
| Trade debts | 44 | €1,028 | €3,813 | +€2,785 | +271% |
| Suppliers | 440/4 | €1,028 | €3,813 | +€2,785 | +271% |
| Taxes, remuneration and social security | 45 | €4,232 | €5,952 | +€1,720 | +40.6% |
| Taxes | 450/3 | €4,232 | €5,952 | +€1,720 | +40.6% |
| Other amounts payable | 47/48 | €5,816 | €4,153 | -€1,663 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,207 | €10,490 | +€4,283 | +69.0% |
| Other operating charges | 640/8 | €3,114 | €2,949 | -€165 | -5.3% |
| Gross operating margin | 9900 | €77,522 | €59,212 | -€18,310 | -23.6% |
| Operating profit (loss) | 9901 | €68,201 | €45,773 | -€22,428 | -32.9% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €782 | €1,317 | +€535 | +68.4% |
| Recurring financial charges | 65 | €782 | €1,317 | +€535 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €67,419 | €44,510 | -€22,909 | -34.0% |
| Income taxes | 67/77 | €229 | €224 | -€5 | -2.2% |
| Profit (loss) for the period | 9904 | €67,190 | €44,286 | -€22,904 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,190 | €44,286 | -€22,904 | -34.1% |
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 24 October 2026 via checked.be.