Thefournine: 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.
Thefournine
Largest movements
- Receivables within one year +€24,670
up €24,670 (+126%), from €19,651 to €44,320
of which Other amounts receivable: +€29,617
- Tangible fixed assets +€3,196
up €3,196 (+1,201%), from €266 to €3,462
of which Furniture and vehicles: +€2,679
- Reserves +€22,733
new in 2025: €22,733
- Other debts -€10,049
no longer reported in 2025 (was €10,049)
- Profit (loss) carried forward +€8,185
no longer reported in 2025 (was -€8,185)
- Short-term financial debts +€7,838
up €7,838 (+1,512%), from €518 to €8,357
- Tax, wage and social debts -€2,695
down €2,695 (-25.2%), from €10,712 to €8,016
- Taxes +€11,890
up €11,890 (+4,954%), from €240 to €12,130
- Gross operating margin +€8,211
up €8,211 (+23.1%), from €35,498 to €43,709
- Financial income +€544
new in 2025: €544
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 | €19,917 | €48,300 | +€28,383 | +143% |
| Fixed assets | 21/28 | €266 | €3,462 | +€3,196 | +1,201% |
| Tangible fixed assets | 22/27 | €266 | €3,462 | +€3,196 | +1,201% |
| Plant, machinery and equipment | 23 | - | €606 | +€606 | |
| Furniture and vehicles | 24 | - | €2,679 | +€2,679 | |
| Other tangible fixed assets | 26 | €266 | €177 | -€89 | -33.3% |
| Current assets | 29/58 | €19,651 | €44,839 | +€25,188 | +128% |
| Amounts receivable within one year | 40/41 | €19,651 | €44,320 | +€24,670 | +126% |
| Trade receivables | 40 | €19,651 | €14,704 | -€4,947 | -25.2% |
| Other amounts receivable | 41 | - | €29,617 | +€29,617 | |
| Cash at bank and in hand | 54/58 | - | €400 | +€400 | |
| Deferred charges and accrued income | 490/1 | - | €118 | +€118 | |
| Total equity and liabilities | 10/49 | €19,917 | €48,300 | +€28,383 | +143% |
| Equity | 10/15 | -€1,985 | €28,933 | +€30,918 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €22,733 | +€22,733 | |
| Distributable reserves | 133 | - | €22,733 | +€22,733 | |
| Profit (loss) carried forward | 14 | -€8,185 | - | +€8,185 | |
| Amounts payable | 17/49 | €21,902 | €19,367 | -€2,535 | -11.6% |
| Amounts payable within one year | 42/48 | €21,902 | €19,367 | -€2,535 | -11.6% |
| Financial debts | 43 | €518 | €8,357 | +€7,838 | +1,512% |
| Credit institutions | 430/8 | €518 | €8,357 | +€7,838 | +1,512% |
| Trade debts | 44 | €622 | €731 | +€109 | +17.5% |
| Suppliers | 440/4 | €622 | €731 | +€109 | +17.5% |
| Advances received on contracts in progress | 46 | - | €2,263 | +€2,263 | |
| Taxes, remuneration and social security | 45 | €10,712 | €8,016 | -€2,695 | -25.2% |
| Taxes | 450/3 | €10,712 | €8,016 | -€2,695 | -25.2% |
| Other amounts payable | 47/48 | €10,049 | - | -€10,049 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89 | €452 | +€363 | +409% |
| Other operating charges | 640/8 | €267 | €353 | +€86 | +32.3% |
| Gross operating margin | 9900 | €35,498 | €43,709 | +€8,211 | +23.1% |
| Operating profit (loss) | 9901 | €35,142 | €42,905 | +€7,763 | +22.1% |
| Financial income | 75/76B | - | €544 | +€544 | |
| Recurring financial income | 75 | - | €544 | +€544 | |
| Financial charges | 65/66B | €194 | €401 | +€207 | +106% |
| Recurring financial charges | 65 | €194 | €401 | +€207 | +106% |
| Profit (loss) for the period before taxes | 9903 | €34,948 | €43,048 | +€8,099 | +23.2% |
| Income taxes | 67/77 | €240 | €12,130 | +€11,890 | +4,954% |
| Profit (loss) for the period | 9904 | €34,708 | €30,918 | -€3,790 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,708 | €30,918 | -€3,790 | -10.9% |
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 18 October 2026 via checked.be.