4GTRA: 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.
4GTRA
Largest movements
- Current investments +€74,443
new in 2025: €74,443
- Cash -€21,452
down €21,452 (-43.8%), from €49,021 to €27,569
mainly Current investments (-€74,443)
- Receivables within one year -€3,323
down €3,323 (-41.6%), from €7,988 to €4,665
- Profit (loss) carried forward +€48,186
up €48,186 (+131%), from €36,771 to €84,957
- Tax, wage and social debts +€1,231
up €1,231 (+7.8%), from €15,830 to €17,061
- Gross operating margin +€10,233
up €10,233 (+20.6%), from €49,556 to €59,788
- Financial income +€1,845
up €1,845 (+4,505%), from €41 to €1,885
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 | €57,884 | €107,302 | +€49,418 | +85.4% |
| Fixed assets | 21/28 | €875 | €625 | -€250 | -28.6% |
| Tangible fixed assets | 22/27 | €875 | €625 | -€250 | -28.6% |
| Furniture and vehicles | 24 | €875 | €625 | -€250 | -28.6% |
| Current assets | 29/58 | €57,009 | €106,677 | +€49,668 | +87.1% |
| Amounts receivable within one year | 40/41 | €7,988 | €4,665 | -€3,323 | -41.6% |
| Trade receivables | 40 | €7,988 | €4,665 | -€3,323 | -41.6% |
| Current investments | 50/53 | - | €74,443 | +€74,443 | |
| Cash at bank and in hand | 54/58 | €49,021 | €27,569 | -€21,452 | -43.8% |
| Total equity and liabilities | 10/49 | €57,884 | €107,302 | +€49,418 | +85.4% |
| Equity | 10/15 | €39,271 | €87,457 | +€48,186 | +123% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,771 | €84,957 | +€48,186 | +131% |
| Amounts payable | 17/49 | €18,613 | €19,846 | +€1,233 | +6.6% |
| Amounts payable within one year | 42/48 | €18,613 | €19,846 | +€1,233 | +6.6% |
| Taxes, remuneration and social security | 45 | €15,830 | €17,061 | +€1,231 | +7.8% |
| Taxes | 450/3 | €15,830 | €17,061 | +€1,231 | +7.8% |
| Other amounts payable | 47/48 | €2,783 | €2,785 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125 | €250 | +€125 | +100% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €49,556 | €59,788 | +€10,233 | +20.6% |
| Operating profit (loss) | 9901 | €49,043 | €59,139 | +€10,095 | +20.6% |
| Financial income | 75/76B | €41 | €1,885 | +€1,845 | +4,505% |
| Recurring financial income | 75 | €41 | €1,885 | +€1,845 | +4,505% |
| Financial charges | 65/66B | €56 | €45 | -€11 | -20.0% |
| Recurring financial charges | 65 | €56 | €45 | -€11 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €49,028 | €60,979 | +€11,951 | +24.4% |
| Income taxes | 67/77 | €12,257 | €12,793 | +€536 | +4.4% |
| Profit (loss) for the period | 9904 | €36,771 | €48,186 | +€11,415 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,771 | €48,186 | +€11,415 | +31.0% |
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 31 October 2026 via checked.be.