4FP: 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.
4FP
Largest movements
- Receivables within one year +€168,150
up €168,150 (+894%), from €18,811 to €186,961
of which Trade receivables: +€182,623
- Cash -€26,788
down €26,788 (-88.5%), from €30,254 to €3,466
mainly Receivables within one year (-€168,150) and Net result for the year (-€25,061)
- Tangible fixed assets -€13,863
down €13,863 (-37.0%), from €37,447 to €23,584
of which Plant, machinery and equipment: -€7,263
- Deferred charges and accrued income +€3,303
new in 2026: €3,303
- Trade debts +€165,889
up €165,889 (+13,425%), from €1,236 to €167,124
- Reserves -€25,061
down €25,061 (-41.6%), from €60,251 to €35,190
- Advances received -€7,824
down €7,824 (-100%), from €7,824 to €0
- Tax, wage and social debts -€7,202
down €7,202 (-100%), from €7,202 to €0
of which Remuneration and social security: -€7,202
- Other debts +€5,000
new in 2026: €5,000
- Gross operating margin -€40,826
down €40,826 (-18.0%), from €226,392 to €185,566
- Staff costs -€39,025
down €39,025 (-16.7%), from €233,687 to €194,662
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,512 | €217,314 | +€130,802 | +151% |
| Fixed assets | 21/28 | €37,447 | €23,584 | -€13,863 | -37.0% |
| Tangible fixed assets | 22/27 | €37,447 | €23,584 | -€13,863 | -37.0% |
| Plant, machinery and equipment | 23 | €17,647 | €10,384 | -€7,263 | -41.2% |
| Furniture and vehicles | 24 | €19,800 | €13,200 | -€6,600 | -33.3% |
| Current assets | 29/58 | €49,065 | €193,730 | +€144,665 | +295% |
| Amounts receivable within one year | 40/41 | €18,811 | €186,961 | +€168,150 | +894% |
| Trade receivables | 40 | €3,038 | €185,661 | +€182,623 | +6,012% |
| Other amounts receivable | 41 | €15,774 | €1,300 | -€14,473 | -91.8% |
| Cash at bank and in hand | 54/58 | €30,254 | €3,466 | -€26,788 | -88.5% |
| Deferred charges and accrued income | 490/1 | - | €3,303 | +€3,303 | |
| Total equity and liabilities | 10/49 | €86,512 | €217,314 | +€130,802 | +151% |
| Equity | 10/15 | €70,251 | €45,190 | -€25,061 | -35.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €60,251 | €35,190 | -€25,061 | -41.6% |
| Distributable reserves | 133 | €60,251 | €35,190 | -€25,061 | -41.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,262 | €172,124 | +€155,863 | +958% |
| Amounts payable within one year | 42/48 | €16,262 | €172,124 | +€155,863 | +958% |
| Trade debts | 44 | €1,236 | €167,124 | +€165,889 | +13,425% |
| Suppliers | 440/4 | €1,236 | €167,124 | +€165,889 | +13,425% |
| Advances received on contracts in progress | 46 | €7,824 | €0 | -€7,824 | -100% |
| Taxes, remuneration and social security | 45 | €7,202 | €0 | -€7,202 | -100% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €7,202 | €0 | -€7,202 | -100% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €233,687 | €194,662 | -€39,025 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,154 | €13,863 | -€292 | -2.1% |
| Other operating charges | 640/8 | €954 | €2,039 | +€1,085 | +114% |
| Gross operating margin | 9900 | €226,392 | €185,566 | -€40,826 | -18.0% |
| Operating profit (loss) | 9901 | -€22,404 | -€24,998 | -€2,594 | -11.6% |
| Financial income | 75/76B | €444 | €119 | -€326 | -73.3% |
| Recurring financial income | 75 | €444 | €119 | -€326 | -73.3% |
| Financial charges | 65/66B | €242 | €182 | -€60 | -24.7% |
| Recurring financial charges | 65 | €242 | €182 | -€60 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,201 | -€25,061 | -€2,859 | -12.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€22,201 | -€25,061 | -€2,859 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,201 | -€25,061 | -€2,859 | -12.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.