r4apps Belgium: 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.
r4apps Belgium
Largest movements
- Cash -€53,627
down €53,627 (-12.8%), from €419,862 to €366,236
mainly Net result for the year (-€66,064) and Short-term financial debts (-€4,081)
- Tangible fixed assets -€11,018
down €11,018 (-3.4%), from €321,820 to €310,801
of which Land and buildings: -€9,572
- Profit (loss) carried forward -€66,064
down €66,064 (-16.4%), from -€402,121 to -€468,185
- Gross operating margin -€27,819
down €27,819 (-127%), from -€21,984 to -€49,803
- Other operating charges -€905
down €905 (-22.2%), from €4,068 to €3,163
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 | €763,444 | €694,510 | -€68,934 | -9.0% |
| Fixed assets | 21/28 | €321,820 | €310,801 | -€11,018 | -3.4% |
| Tangible fixed assets | 22/27 | €321,820 | €310,801 | -€11,018 | -3.4% |
| Land and buildings | 22 | €318,526 | €308,954 | -€9,572 | -3.0% |
| Furniture and vehicles | 24 | €3,293 | €1,847 | -€1,446 | -43.9% |
| Current assets | 29/58 | €441,624 | €383,709 | -€57,916 | -13.1% |
| Amounts receivable within one year | 40/41 | €21,049 | €16,673 | -€4,376 | -20.8% |
| Trade receivables | 40 | €11,435 | €5,100 | -€6,335 | -55.4% |
| Other amounts receivable | 41 | €9,614 | €11,573 | +€1,959 | +20.4% |
| Cash at bank and in hand | 54/58 | €419,862 | €366,236 | -€53,627 | -12.8% |
| Deferred charges and accrued income | 490/1 | €713 | €800 | +€87 | +12.1% |
| Total equity and liabilities | 10/49 | €763,444 | €694,510 | -€68,934 | -9.0% |
| Equity | 10/15 | €635,729 | €569,665 | -€66,064 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,019,251 | €1,019,251 | = | 0.0% |
| Distributable reserves | 133 | €1,019,251 | €1,019,251 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€402,121 | -€468,185 | -€66,064 | -16.4% |
| Amounts payable | 17/49 | €127,715 | €124,845 | -€2,870 | -2.2% |
| Amounts payable within one year | 42/48 | €115,546 | €112,780 | -€2,766 | -2.4% |
| Financial debts | 43 | €4,340 | €258 | -€4,081 | -94.0% |
| Credit institutions | 430/8 | €4,340 | €258 | -€4,081 | -94.0% |
| Trade debts | 44 | €1,144 | €1,618 | +€475 | +41.5% |
| Suppliers | 440/4 | €1,144 | €1,618 | +€475 | +41.5% |
| Taxes, remuneration and social security | 45 | €116 | €1,343 | +€1,227 | +1,053% |
| Taxes | 450/3 | €116 | €633 | +€517 | +444% |
| Remuneration and social security | 454/9 | - | €710 | +€710 | |
| Other amounts payable | 47/48 | €109,946 | €109,560 | -€386 | -0.4% |
| Accrued charges and deferred income | 492/3 | €12,169 | €12,065 | -€104 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,667 | €11,018 | +€351 | +3.3% |
| Other operating charges | 640/8 | €4,068 | €3,163 | -€905 | -22.2% |
| Gross operating margin | 9900 | -€21,984 | -€49,803 | -€27,819 | -127% |
| Operating profit (loss) | 9901 | -€36,719 | -€63,984 | -€27,265 | -74.3% |
| Financial income | 75/76B | €5 | €5 | -€0 | -6.7% |
| Recurring financial income | 75 | €5 | €5 | -€0 | -6.7% |
| Financial charges | 65/66B | €1,764 | €1,701 | -€63 | -3.6% |
| Recurring financial charges | 65 | €1,764 | €1,701 | -€63 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€38,478 | -€65,681 | -€27,203 | -70.7% |
| Income taxes | 67/77 | €264 | €383 | +€120 | +45.4% |
| Profit (loss) for the period | 9904 | -€38,742 | -€66,064 | -€27,322 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,742 | -€66,064 | -€27,322 | -70.5% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.