4ERP: 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.
4ERP
Largest movements
- Cash +€22,695
up €22,695 (+62.4%), from €36,350 to €59,045
mainly Other debts (+€45,000) and Trade debts (+€28,260)
- Receivables within one year +€9,296
up €9,296 (+38.0%), from €24,491 to €33,786
of which Other amounts receivable: +€10,710
- Deferred charges and accrued income +€2,400
new in 2025: €2,400
- Other debts +€45,000
up €45,000, from €0 to €45,000
- Reserves -€42,131
down €42,131 (-83.6%), from €50,421 to €8,290
- Trade debts +€28,260
up €28,260, from €0 to €28,260
- Tax, wage and social debts +€2,546
up €2,546 (+45.9%), from €5,552 to €8,098
- Gross operating margin -€10,373
down €10,373 (-64.0%), from €16,213 to €5,840
- Taxes -€1,323
down €1,323 (-42.4%), from €3,120 to €1,796
- Financial charges -€360
down €360 (-65.8%), from €547 to €187
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 | €62,273 | €95,948 | +€33,675 | +54.1% |
| Fixed assets | 21/28 | €1,432 | €716 | -€716 | -50.0% |
| Tangible fixed assets | 22/27 | €1,432 | €716 | -€716 | -50.0% |
| Furniture and vehicles | 24 | €1,432 | €716 | -€716 | -50.0% |
| Current assets | 29/58 | €60,841 | €95,232 | +€34,391 | +56.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €24,491 | €33,786 | +€9,296 | +38.0% |
| Trade receivables | 40 | €13,707 | €12,293 | -€1,414 | -10.3% |
| Other amounts receivable | 41 | €10,784 | €21,494 | +€10,710 | +99.3% |
| Cash at bank and in hand | 54/58 | €36,350 | €59,045 | +€22,695 | +62.4% |
| Deferred charges and accrued income | 490/1 | - | €2,400 | +€2,400 | |
| Total equity and liabilities | 10/49 | €62,273 | €95,948 | +€33,675 | +54.1% |
| Equity | 10/15 | €56,721 | €14,590 | -€42,131 | -74.3% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €50,421 | €8,290 | -€42,131 | -83.6% |
| Distributable reserves | 133 | €50,421 | €8,290 | -€42,131 | -83.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,552 | €81,357 | +€75,806 | +1365.5% |
| Amounts payable within one year | 42/48 | €5,552 | €81,357 | +€75,806 | +1365.5% |
| Trade debts | 44 | €0 | €28,260 | +€28,260 | |
| Suppliers | 440/4 | €0 | €28,260 | +€28,260 | |
| Taxes, remuneration and social security | 45 | €5,552 | €8,098 | +€2,546 | +45.9% |
| Taxes | 450/3 | €5,552 | €8,098 | +€2,546 | +45.9% |
| Other amounts payable | 47/48 | €0 | €45,000 | +€45,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €716 | €716 | = | 0.0% |
| Other operating charges | 640/8 | €502 | €387 | -€115 | -22.9% |
| Gross operating margin | 9900 | €16,213 | €5,840 | -€10,373 | -64.0% |
| Operating profit (loss) | 9901 | €14,994 | €4,737 | -€10,258 | -68.4% |
| Financial income | 75/76B | €165 | €115 | -€50 | -30.2% |
| Recurring financial income | 75 | €165 | €115 | -€50 | -30.2% |
| Financial charges | 65/66B | €547 | €187 | -€360 | -65.8% |
| Recurring financial charges | 65 | €547 | €187 | -€360 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €14,613 | €4,665 | -€9,947 | -68.1% |
| Income taxes | 67/77 | €3,120 | €1,796 | -€1,323 | -42.4% |
| Profit (loss) for the period | 9904 | €11,493 | €2,869 | -€8,624 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,493 | €2,869 | -€8,624 | -75.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.