Quarante-Quatre: 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.
Quarante-Quatre
Largest movements
- Receivables within one year +€13,246
up €13,246 (+755%), from €1,755 to €15,000
- Cash +€4,680
up €4,680 (+1,394%), from €336 to €5,016
mainly Net result for the year (+€19,188) and Tax, wage and social debts (+€2,424)
- Profit (loss) carried forward +€19,188
up €19,188, from -€11,167 to €8,021
- Tax, wage and social debts +€2,424
up €2,424 (+514%), from €472 to €2,895
- Trade debts -€2,355
down €2,355 (-68.2%), from €3,455 to €1,100
- Other debts -€1,266
no longer reported in 2025 (was €1,266)
- Gross operating margin +€18,285
up €18,285 (+595%), from €3,072 to €21,357
- Taxes +€2,000
new in 2025: €2,000
- Other operating charges -€480
down €480 (-96.9%), from €496 to €16
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 | €2,090 | €20,016 | +€17,926 | +858% |
| Current assets | 29/58 | €2,090 | €20,016 | +€17,926 | +858% |
| Amounts receivable within one year | 40/41 | €1,755 | €15,000 | +€13,246 | +755% |
| Trade receivables | 40 | €1,755 | €15,000 | +€13,246 | +755% |
| Cash at bank and in hand | 54/58 | €336 | €5,016 | +€4,680 | +1,394% |
| Total equity and liabilities | 10/49 | €2,090 | €20,016 | +€17,926 | +858% |
| Equity | 10/15 | -€3,167 | €16,021 | +€19,188 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,167 | €8,021 | +€19,188 | |
| Amounts payable | 17/49 | €5,257 | €3,995 | -€1,262 | -24.0% |
| Amounts payable within one year | 42/48 | €5,193 | €3,995 | -€1,198 | -23.1% |
| Trade debts | 44 | €3,455 | €1,100 | -€2,355 | -68.2% |
| Suppliers | 440/4 | €3,455 | €1,100 | -€2,355 | -68.2% |
| Taxes, remuneration and social security | 45 | €472 | €2,895 | +€2,424 | +514% |
| Taxes | 450/3 | €472 | €2,895 | +€2,424 | +514% |
| Other amounts payable | 47/48 | €1,266 | - | -€1,266 | |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Other operating charges | 640/8 | €496 | €16 | -€480 | -96.9% |
| Non-recurring operating charges | 66A | €2,189 | - | -€2,189 | |
| Gross operating margin | 9900 | €3,072 | €21,357 | +€18,285 | +595% |
| Operating profit (loss) | 9901 | €387 | €21,342 | +€20,954 | +5,409% |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €132 | €154 | +€22 | +16.8% |
| Recurring financial charges | 65 | €132 | €154 | +€22 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €309 | €21,188 | +€20,879 | +6,763% |
| Income taxes | 67/77 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period | 9904 | €309 | €19,188 | +€18,879 | +6,115% |
| Profit (loss) for the period to be appropriated | 9905 | €309 | €19,188 | +€18,879 | +6,115% |
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 29 October 2026 via checked.be.