R4osteokine: what changed
What changed
R4osteokine
filed annual accounts (NBB)
Net result for the year
-€5,272
2024 · -€46,611+€41,339
Equity
€45,815
2024 · €51,087-€5,272
Cash
€62,510
2024 · €45,053+€17,457
Balance sheet total
€498,901
2024 · €523,175-€24,274
Largest movements
Assets
- Tangible fixed assets -€29,261
down €29,261 (-6.3%), from €461,051 to €431,790
of which Land and buildings: -€15,000
- Cash +€17,457
up €17,457 (+38.7%), from €45,053 to €62,510
mainly Depreciation (+€44,622) and Trade debts (+€2,487)
- Intangible fixed assets -€12,833
no longer reported in 2025 (was €12,833)
Equity and liabilities
- Debts after one year -€19,019
down €19,019 (-4.3%), from €442,498 to €423,479
- Profit (loss) carried forward -€5,272
down €5,272 (-65.9%), from -€8,003 to -€13,275
Income statement
- Depreciation -€54,967
down €54,967 (-55.2%), from €99,589 to €44,622
- Gross operating margin -€11,471
down €11,471 (-17.3%), from €66,376 to €54,905
- Financial charges +€2,636
up €2,636 (+23.4%), from €11,251 to €13,887
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€46,611
Gross operating margin
-€11,471
Staff costs
+€310
Depreciation
+€54,967
Other operating charges
+€120
Financial income
+€84
Financial charges
-€2,636
Taxes
-€35
Result 2025
-€5,272
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€38,848
Investment
-€2,528
Financing
-€18,863
Cash 2024
€45,053
From operations (derived)
+€38,848
Net result for the year
-€5,272
Depreciation
+€44,622
Receivables within one year
-€602
Deferred charges and accrued income
+€239
Trade debts
+€2,487
Other debts
-€2,625
Investment (derived)
-€2,528
Investment in fixed assets (net)
-€2,528
Financing
-€18,863
Debts after one year
-€19,019
Current portion of long-term debt
+€156
Cash 2025
€62,510
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €523,175 | €498,901 | -€24,274 | -4.6% |
| Fixed assets | 21/28 | €473,885 | €431,790 | -€42,094 | -8.9% |
| Intangible fixed assets | 21 | €12,833 | - | -€12,833 | |
| Tangible fixed assets | 22/27 | €461,051 | €431,790 | -€29,261 | -6.3% |
| Land and buildings | 22 | €415,902 | €400,902 | -€15,000 | -3.6% |
| Plant, machinery and equipment | 23 | €7,156 | €5,347 | -€1,809 | -25.3% |
| Furniture and vehicles | 24 | €13,330 | €5,490 | -€7,840 | -58.8% |
| Other tangible fixed assets | 26 | €24,664 | €20,052 | -€4,612 | -18.7% |
| Current assets | 29/58 | €49,290 | €67,111 | +€17,820 | +36.2% |
| Amounts receivable within one year | 40/41 | €3,998 | €4,600 | +€602 | +15.1% |
| Trade receivables | 40 | €365 | €365 | = | 0.0% |
| Other amounts receivable | 41 | €3,633 | €4,235 | +€602 | +16.6% |
| Cash at bank and in hand | 54/58 | €45,053 | €62,510 | +€17,457 | +38.7% |
| Deferred charges and accrued income | 490/1 | €239 | - | -€239 | |
| Total equity and liabilities | 10/49 | €523,175 | €498,901 | -€24,274 | -4.6% |
| Equity | 10/15 | €51,087 | €45,815 | -€5,272 | -10.3% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Contributions outside capital | 11 | €12,700 | €12,700 | = | 0.0% |
| Other | 1109/19 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €46,390 | €46,390 | = | 0.0% |
| Non-distributable reserves | 130/1 | €390 | €390 | = | 0.0% |
| Reserves not available under the articles | 1311 | €390 | €390 | = | 0.0% |
| Distributable reserves | 133 | €46,000 | €46,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,003 | -€13,275 | -€5,272 | -65.9% |
| Amounts payable | 17/49 | €472,088 | €453,086 | -€19,002 | -4.0% |
| Amounts payable after more than one year | 17 | €442,498 | €423,479 | -€19,019 | -4.3% |
| Financial debts | 170/4 | €442,498 | €423,479 | -€19,019 | -4.3% |
| Amounts payable within one year | 42/48 | €29,590 | €29,607 | +€17 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €15,863 | €16,019 | +€156 | +1.0% |
| Trade debts | 44 | €4,940 | €7,426 | +€2,487 | +50.3% |
| Suppliers | 440/4 | €4,940 | €7,426 | +€2,487 | +50.3% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €6,787 | €4,161 | -€2,625 | -38.7% |
| Remuneration, social security and pensions | 62 | €310 | - | -€310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,589 | €44,622 | -€54,967 | -55.2% |
| Other operating charges | 640/8 | €1,560 | €1,440 | -€120 | -7.7% |
| Gross operating margin | 9900 | €66,376 | €54,905 | -€11,471 | -17.3% |
| Operating profit (loss) | 9901 | -€35,084 | €8,842 | +€43,926 | |
| Financial income | 75/76B | €124 | €208 | +€84 | +68.0% |
| Recurring financial income | 75 | €124 | €208 | +€84 | +68.0% |
| Financial charges | 65/66B | €11,251 | €13,887 | +€2,636 | +23.4% |
| Recurring financial charges | 65 | €11,251 | €13,887 | +€2,636 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€46,211 | -€4,837 | +€41,374 | +89.5% |
| Income taxes | 67/77 | €400 | €435 | +€35 | +8.8% |
| Profit (loss) for the period | 9904 | -€46,611 | -€5,272 | +€41,339 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,611 | -€5,272 | +€41,339 | +88.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.