PLUS FOURS: 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.
PLUS FOURS
Largest movements
- Receivables within one year +€39,669
up €39,669 (+20.8%), from €190,884 to €230,553
of which Other amounts receivable: +€28,517
- Cash -€15,309
down €15,309 (-31.1%), from €49,261 to €33,952
mainly Receivables within one year (-€39,669) and Trade debts (-€716)
- Reserves +€23,777
up €23,777 (+11.8%), from €202,029 to €225,806
of which Distributable reserves: +€23,777
- Depreciation -€679
down €679 (-62.4%), from €1,088 to €409
- Gross operating margin -€662
down €662 (-2.5%), from €26,664 to €26,003
- Financial income +€300
up €300 (+2.9%), from €10,368 to €10,668
- Taxes -€295
down €295 (-2.6%), from €11,229 to €10,935
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 | €241,906 | €265,857 | +€23,951 | +9.9% |
| Fixed assets | 21/28 | €1,761 | €1,352 | -€409 | -23.2% |
| Tangible fixed assets | 22/27 | €1,761 | €1,352 | -€409 | -23.2% |
| Plant, machinery and equipment | 23 | €1,761 | €1,352 | -€409 | -23.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €240,145 | €264,505 | +€24,360 | +10.1% |
| Amounts receivable within one year | 40/41 | €190,884 | €230,553 | +€39,669 | +20.8% |
| Trade receivables | 40 | €7,580 | €18,732 | +€11,152 | +147% |
| Other amounts receivable | 41 | €183,304 | €211,821 | +€28,517 | +15.6% |
| Cash at bank and in hand | 54/58 | €49,261 | €33,952 | -€15,309 | -31.1% |
| Total equity and liabilities | 10/49 | €241,906 | €265,857 | +€23,951 | +9.9% |
| Equity | 10/15 | €208,229 | €232,006 | +€23,777 | +11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €202,029 | €225,806 | +€23,777 | +11.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €200,170 | €223,947 | +€23,777 | +11.9% |
| Amounts payable | 17/49 | €33,676 | €33,851 | +€174 | +0.5% |
| Amounts payable within one year | 42/48 | €28,676 | €28,351 | -€326 | -1.1% |
| Trade debts | 44 | €2,235 | €1,520 | -€716 | -32.0% |
| Suppliers | 440/4 | €2,235 | €1,520 | -€716 | -32.0% |
| Taxes, remuneration and social security | 45 | €26,441 | €26,831 | +€390 | +1.5% |
| Taxes | 450/3 | €26,441 | €26,831 | +€390 | +1.5% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,500 | +€500 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €409 | -€679 | -62.4% |
| Other operating charges | 640/8 | €868 | €1,104 | +€237 | +27.3% |
| Gross operating margin | 9900 | €26,664 | €26,003 | -€662 | -2.5% |
| Operating profit (loss) | 9901 | €24,709 | €24,489 | -€219 | -0.9% |
| Financial income | 75/76B | €10,368 | €10,668 | +€300 | +2.9% |
| Recurring financial income | 75 | €10,368 | €10,668 | +€300 | +2.9% |
| Financial charges | 65/66B | €639 | €446 | -€193 | -30.3% |
| Recurring financial charges | 65 | €639 | €446 | -€193 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €34,437 | €34,711 | +€274 | +0.8% |
| Income taxes | 67/77 | €11,229 | €10,935 | -€295 | -2.6% |
| Profit (loss) for the period | 9904 | €23,208 | €23,777 | +€569 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,208 | €23,777 | +€569 | +2.5% |
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 16 October 2026 via checked.be.