4.0 Solutions: what changed
Two fiscal 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.
4.0 Solutions
Largest movements
- Receivables within one year -€5,227
down €5,227 (-26.2%), from €19,970 to €14,743
of which Trade receivables: -€5,970
- Cash -€3,335
down €3,335 (-69.6%), from €4,796 to €1,460
mainly Trade debts (-€13,555) and Current portion of long-term debt (-€1,265)
- Tangible fixed assets -€567
down €567 (-16.1%), from €3,527 to €2,960
- Deferred charges and accrued income -€457
down €457 (-23.4%), from €1,958 to €1,500
- Trade debts -€13,555
down €13,555 (-73.7%), from €18,396 to €4,840
- Reserves +€5,902
up €5,902 (+114.7%), from €5,143 to €11,045
- Current portion of long-term debt -€1,265
down €1,265 (-56.8%), from €2,229 to €964
- Debts after one year -€964
no longer reported in 2025 (was €964)
- Accrued charges and deferred income +€589
new in 2025: €589
- Gross operating margin +€3,060
up €3,060 (+27.8%), from €10,992 to €14,052
- Financial charges +€929
up €929 (+39.8%), from €2,334 to €3,263
- Depreciation +€701
up €701 (+76.8%), from €912 to €1,613
- Taxes +€403
up €403 (+19.5%), from €2,069 to €2,472
- Other operating charges +€278
up €278 (+51.3%), from €543 to €821
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.
Cash bridge derived
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 | €31,346 | €21,758 | -€9,587 | -30.6% |
| Fixed assets | 21/28 | €4,622 | €4,055 | -€567 | -12.3% |
| Tangible fixed assets | 22/27 | €3,527 | €2,960 | -€567 | -16.1% |
| Furniture and vehicles | 24 | €3,527 | €2,960 | -€567 | -16.1% |
| Financial fixed assets | 28 | €1,095 | €1,095 | = | 0.0% |
| Current assets | 29/58 | €26,723 | €17,703 | -€9,020 | -33.8% |
| Amounts receivable within one year | 40/41 | €19,970 | €14,743 | -€5,227 | -26.2% |
| Trade receivables | 40 | €15,090 | €9,121 | -€5,970 | -39.6% |
| Other amounts receivable | 41 | €4,880 | €5,622 | +€742 | +15.2% |
| Cash at bank and in hand | 54/58 | €4,796 | €1,460 | -€3,335 | -69.6% |
| Deferred charges and accrued income | 490/1 | €1,958 | €1,500 | -€457 | -23.4% |
| Total equity and liabilities | 10/49 | €31,346 | €21,758 | -€9,587 | -30.6% |
| Equity | 10/15 | €7,143 | €13,045 | +€5,902 | +82.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,143 | €11,045 | +€5,902 | +114.7% |
| Distributable reserves | 133 | €5,143 | €11,045 | +€5,902 | +114.7% |
| Amounts payable | 17/49 | €24,202 | €8,713 | -€15,489 | -64.0% |
| Amounts payable after more than one year | 17 | €964 | - | -€964 | |
| Financial debts | 170/4 | €964 | - | -€964 | |
| Amounts payable within one year | 42/48 | €23,238 | €8,123 | -€15,115 | -65.0% |
| Current portion of amounts payable after more than one year | 42 | €2,229 | €964 | -€1,265 | -56.8% |
| Trade debts | 44 | €18,396 | €4,840 | -€13,555 | -73.7% |
| Suppliers | 440/4 | €18,396 | €4,840 | -€13,555 | -73.7% |
| Taxes, remuneration and social security | 45 | €2,174 | €2,182 | +€8 | +0.3% |
| Taxes | 450/3 | €2,174 | €2,182 | +€8 | +0.3% |
| Other amounts payable | 47/48 | €439 | €137 | -€302 | -68.8% |
| Accrued charges and deferred income | 492/3 | - | €589 | +€589 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €912 | €1,613 | +€701 | +76.8% |
| Other operating charges | 640/8 | €543 | €821 | +€278 | +51.3% |
| Gross operating margin | 9900 | €10,992 | €14,052 | +€3,060 | +27.8% |
| Operating profit (loss) | 9901 | €9,537 | €11,618 | +€2,081 | +21.8% |
| Financial income | 75/76B | €9 | €19 | +€10 | +120.1% |
| Recurring financial income | 75 | €9 | €19 | +€10 | +120.1% |
| Financial charges | 65/66B | €2,334 | €3,263 | +€929 | +39.8% |
| Recurring financial charges | 65 | €2,334 | €3,263 | +€929 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €7,212 | €8,374 | +€1,162 | +16.1% |
| Income taxes | 67/77 | €2,069 | €2,472 | +€403 | +19.5% |
| Profit (loss) for the period | 9904 | €5,143 | €5,902 | +€759 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,143 | €5,902 | +€759 | +14.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.