LES IV SAISONS: 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 IV SAISONS
Largest movements
- Cash -€178,714
down €178,714 (-48.5%), from €368,125 to €189,411
mainly Receivables within one year (-€150,411) and Debts within one year (-€116,210)
- Receivables within one year +€150,411
up €150,411 (+17.8%), from €843,310 to €993,722
of which Trade receivables: +€79,411
- Tangible fixed assets +€36,824
up €36,824 (+14.0%), from €263,405 to €300,230
of which Other tangible fixed assets: +€67,595
- Debts after one year +€218,191
up €218,191 (+4,245%), from €5,140 to €223,331
- Debts within one year -€116,210
down €116,210 (-20.1%), from €577,744 to €461,534
of which Current portion of long-term debt: -€220,743
- Profit (loss) carried forward -€99,243
down €99,243 (-11.1%), from €891,339 to €792,096
- Gross operating margin -€59,935
down €59,935 (-4.0%), from €1.5m to €1.5m
- Staff costs -€18,535
down €18,535 (-1.3%), from €1.4m to €1.4m
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 | €1,474,841 | €1,483,362 | +€8,521 | +0.6% |
| Fixed assets | 21/28 | €263,405 | €300,230 | +€36,824 | +14.0% |
| Tangible fixed assets | 22/27 | €263,405 | €300,230 | +€36,824 | +14.0% |
| Land and buildings | 22 | €83,975 | €79,069 | -€4,906 | -5.8% |
| Furniture and vehicles | 24 | €50,067 | €24,202 | -€25,865 | -51.7% |
| Other tangible fixed assets | 26 | €129,364 | €196,959 | +€67,595 | +52.3% |
| Current assets | 29/58 | €1,211,436 | €1,183,133 | -€28,303 | -2.3% |
| Amounts receivable within one year | 40/41 | €843,310 | €993,722 | +€150,411 | +17.8% |
| Trade receivables | 40 | €509,991 | €589,402 | +€79,411 | +15.6% |
| Other amounts receivable | 41 | €333,319 | €404,319 | +€71,000 | +21.3% |
| Cash at bank and in hand | 54/58 | €368,125 | €189,411 | -€178,714 | -48.5% |
| Total equity and liabilities | 10/49 | €1,474,841 | €1,483,362 | +€8,521 | +0.6% |
| Equity | 10/15 | €891,339 | €792,096 | -€99,243 | -11.1% |
| Profit (loss) carried forward | 14 | €891,339 | €792,096 | -€99,243 | -11.1% |
| Amounts payable | 17/49 | €583,502 | €691,267 | +€107,765 | +18.5% |
| Amounts payable after more than one year | 17 | €5,140 | €223,331 | +€218,191 | +4,245% |
| Financial debts | 170/4 | €5,140 | €223,331 | +€218,191 | +4,245% |
| Amounts payable within one year | 42/48 | €577,744 | €461,534 | -€116,210 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €281,560 | €60,817 | -€220,743 | -78.4% |
| Trade debts | 44 | €276,499 | €337,673 | +€61,174 | +22.1% |
| Suppliers | 440/4 | €276,499 | €337,673 | +€61,174 | +22.1% |
| Taxes, remuneration and social security | 45 | €6,717 | €50,076 | +€43,359 | +645% |
| Remuneration and social security | 454/9 | €6,717 | €50,076 | +€43,359 | +645% |
| Accrued charges and deferred income | 492/3 | €618 | €6,402 | +€5,784 | +936% |
| Remuneration, social security and pensions | 62 | €1,424,899 | €1,406,364 | -€18,535 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,333 | €65,119 | -€4,213 | -6.1% |
| Other operating charges | 640/8 | €3,468 | €2,658 | -€809 | -23.3% |
| Gross operating margin | 9900 | €1,516,002 | €1,456,066 | -€59,935 | -4.0% |
| Operating profit (loss) | 9901 | €18,302 | -€18,076 | -€36,378 | |
| Financial charges | 65/66B | €15,816 | €14,052 | -€1,764 | -11.2% |
| Recurring financial charges | 65 | €15,816 | €14,052 | -€1,764 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €2,486 | -€32,128 | -€34,614 | |
| Profit (loss) for the period | 9904 | €2,486 | -€32,128 | -€34,614 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,486 | -€32,128 | -€34,614 |
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 20 October 2026 via checked.be.