4365 SOLUTIONS: 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.
4365 SOLUTIONS
Largest movements
- Cash -€25,610
down €25,610 (-20.9%), from €122,593 to €96,983
mainly Contributions, distributions and other (-€127,483) and Trade debts (-€256)
- Receivables within one year -€15,434
down €15,434 (-80.0%), from €19,302 to €3,868
of which Trade receivables: -€14,520
- Reserves -€44,349
down €44,349 (-34.8%), from €127,483 to €83,134
- Other debts +€1,649
up €1,649 (+163.1%), from €1,011 to €2,659
- Tax, wage and social debts +€1,518
up €1,518 (+11.1%), from €13,688 to €15,206
of which Taxes: +€2,813
- Gross operating margin +€50,575
up €50,575 (+77.4%), from €65,311 to €115,886
- Taxes +€12,962
up €12,962 (+84.5%), from €15,336 to €28,297
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 | €144,672 | €103,233 | -€41,439 | -28.6% |
| Fixed assets | 21/28 | €2,087 | €1,693 | -€394 | -18.9% |
| Tangible fixed assets | 22/27 | €2,087 | €1,693 | -€394 | -18.9% |
| Plant, machinery and equipment | 23 | €10 | - | -€10 | |
| Other tangible fixed assets | 26 | €2,077 | €1,693 | -€384 | -18.5% |
| Current assets | 29/58 | €142,584 | €101,540 | -€41,044 | -28.8% |
| Amounts receivable within one year | 40/41 | €19,302 | €3,868 | -€15,434 | -80.0% |
| Trade receivables | 40 | €14,520 | - | -€14,520 | |
| Other amounts receivable | 41 | €4,782 | €3,868 | -€914 | -19.1% |
| Cash at bank and in hand | 54/58 | €122,593 | €96,983 | -€25,610 | -20.9% |
| Deferred charges and accrued income | 490/1 | €688 | €688 | = | 0.0% |
| Total equity and liabilities | 10/49 | €144,672 | €103,233 | -€41,439 | -28.6% |
| Equity | 10/15 | €129,483 | €85,134 | -€44,349 | -34.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €127,483 | €83,134 | -€44,349 | -34.8% |
| Distributable reserves | 133 | €127,483 | €83,134 | -€44,349 | -34.8% |
| Amounts payable | 17/49 | €15,189 | €18,099 | +€2,910 | +19.2% |
| Amounts payable within one year | 42/48 | €15,189 | €18,099 | +€2,910 | +19.2% |
| Trade debts | 44 | €490 | €234 | -€256 | -52.2% |
| Suppliers | 440/4 | €490 | €234 | -€256 | -52.2% |
| Taxes, remuneration and social security | 45 | €13,688 | €15,206 | +€1,518 | +11.1% |
| Taxes | 450/3 | €12,392 | €15,206 | +€2,813 | +22.7% |
| Remuneration and social security | 454/9 | €1,296 | - | -€1,296 | |
| Other amounts payable | 47/48 | €1,011 | €2,659 | +€1,649 | +163.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,002 | €394 | -€608 | -60.7% |
| Other operating charges | 640/8 | €1,123 | €573 | -€550 | -49.0% |
| Gross operating margin | 9900 | €65,311 | €115,886 | +€50,575 | +77.4% |
| Operating profit (loss) | 9901 | €63,186 | €114,918 | +€51,733 | +81.9% |
| Financial charges | 65/66B | €3,242 | €3,487 | +€245 | +7.6% |
| Recurring financial charges | 65 | €3,242 | €3,487 | +€245 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €59,944 | €111,431 | +€51,487 | +85.9% |
| Income taxes | 67/77 | €15,336 | €28,297 | +€12,962 | +84.5% |
| Profit (loss) for the period | 9904 | €44,608 | €83,134 | +€38,526 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,608 | €83,134 | +€38,526 | +86.4% |
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 10 October 2026 via checked.be.