4HEALTHSTREAM: what changed
4HEALTHSTREAM
Largest movements
- Cash +€64,813
up €64,813 (+369%), from €17,576 to €82,389
mainly Net result for the year (+€39,315) and Tax, wage and social debts (+€30,409)
- Tangible fixed assets +€7,055
up €7,055 (+13.0%), from €54,254 to €61,309
of which Other tangible fixed assets: +€11,620
- Stocks and contracts +€3,378
up €3,378 (+46.1%), from €7,322 to €10,700
- Reserves +€38,482
up €38,482 (+141%), from €27,255 to €65,738
- Tax, wage and social debts +€30,409
up €30,409 (+328%), from €9,265 to €39,673
- Accrued charges and deferred income +€7,500
new in 2025: €7,500
- Other debts -€3,360
down €3,360 (-25.5%), from €13,192 to €9,832
- Gross operating margin +€30,627
up €30,627 (+72.9%), from €42,021 to €72,647
- Taxes +€18,006
up €18,006 (+661%), from €2,726 to €20,732
- Depreciation +€1,088
up €1,088 (+10.0%), from €10,853 to €11,942
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,867 | €158,347 | +€74,480 | +88.8% |
| Fixed assets | 21/28 | €56,234 | €63,289 | +€7,055 | +12.5% |
| Tangible fixed assets | 22/27 | €54,254 | €61,309 | +€7,055 | +13.0% |
| Furniture and vehicles | 24 | €18,411 | €13,846 | -€4,565 | -24.8% |
| Other tangible fixed assets | 26 | €35,843 | €47,464 | +€11,620 | +32.4% |
| Financial fixed assets | 28 | €1,980 | €1,980 | = | 0.0% |
| Current assets | 29/58 | €27,633 | €95,058 | +€67,425 | +244% |
| Stocks and contracts in progress | 3 | €7,322 | €10,700 | +€3,378 | +46.1% |
| Stocks | 30/36 | €7,322 | €10,700 | +€3,378 | +46.1% |
| Amounts receivable within one year | 40/41 | €2,420 | €1,653 | -€767 | -31.7% |
| Trade receivables | 40 | €2,420 | €1,653 | -€767 | -31.7% |
| Cash at bank and in hand | 54/58 | €17,576 | €82,389 | +€64,813 | +369% |
| Deferred charges and accrued income | 490/1 | €315 | €317 | +€1 | +0.5% |
| Total equity and liabilities | 10/49 | €83,867 | €158,347 | +€74,480 | +88.8% |
| Equity | 10/15 | €46,551 | €85,034 | +€38,482 | +82.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,255 | €65,738 | +€38,482 | +141% |
| Distributable reserves | 133 | €27,255 | €65,738 | +€38,482 | +141% |
| Profit (loss) carried forward | 14 | €696 | €696 | = | 0.0% |
| Amounts payable | 17/49 | €37,316 | €73,314 | +€35,998 | +96.5% |
| Amounts payable within one year | 42/48 | €37,316 | €65,814 | +€28,498 | +76.4% |
| Trade debts | 44 | €14,859 | €16,308 | +€1,449 | +9.8% |
| Suppliers | 440/4 | €14,859 | €16,308 | +€1,449 | +9.8% |
| Taxes, remuneration and social security | 45 | €9,265 | €39,673 | +€30,409 | +328% |
| Taxes | 450/3 | €9,265 | €39,673 | +€30,409 | +328% |
| Other amounts payable | 47/48 | €13,192 | €9,832 | -€3,360 | -25.5% |
| Accrued charges and deferred income | 492/3 | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,853 | €11,942 | +€1,088 | +10.0% |
| Other operating charges | 640/8 | €387 | €658 | +€271 | +69.9% |
| Gross operating margin | 9900 | €42,021 | €72,647 | +€30,627 | +72.9% |
| Operating profit (loss) | 9901 | €30,780 | €60,047 | +€29,268 | +95.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €30,781 | €60,047 | +€29,267 | +95.1% |
| Income taxes | 67/77 | €2,726 | €20,732 | +€18,006 | +661% |
| Profit (loss) for the period | 9904 | €28,055 | €39,315 | +€11,260 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,055 | €39,315 | +€11,260 | +40.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.