4J Advisory: 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.
4J Advisory
Largest movements
- Cash +€165,238
up €165,238 (+455.4%), from €36,285 to €201,523
mainly Net result for the year (+€139,252) and Tax, wage and social debts (+€29,250)
- Receivables within one year -€19,789
down €19,789 (-99.8%), from €19,822 to €33
of which Trade receivables: -€19,822
- Deferred charges and accrued income +€18,074
up €18,074 (+27406.2%), from €66 to €18,140
- Tangible fixed assets -€11,897
down €11,897 (-50.5%), from €23,571 to €11,674
of which Furniture and vehicles: -€13,016
- Reserves +€124,252
up €124,252 (+397.9%), from €31,225 to €155,478
- Tax, wage and social debts +€29,250
up €29,250 (+187.9%), from €15,564 to €44,814
- Gross operating margin +€132,849
up €132,849 (+230.3%), from €57,692 to €190,541
- Taxes +€29,167
up €29,167 (+363.0%), from €8,034 to €37,201
- Depreciation +€10,639
up €10,639 (+432.4%), from €2,461 to €13,099
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 | €79,744 | €231,370 | +€151,626 | +190.1% |
| Fixed assets | 21/28 | €23,571 | €11,674 | -€11,897 | -50.5% |
| Tangible fixed assets | 22/27 | €23,571 | €11,674 | -€11,897 | -50.5% |
| Land and buildings | 22 | - | €1,119 | +€1,119 | |
| Furniture and vehicles | 24 | €23,571 | €10,555 | -€13,016 | -55.2% |
| Current assets | 29/58 | €56,173 | €219,696 | +€163,523 | +291.1% |
| Amounts receivable within one year | 40/41 | €19,822 | €33 | -€19,789 | -99.8% |
| Trade receivables | 40 | €19,822 | - | -€19,822 | |
| Other amounts receivable | 41 | - | €33 | +€33 | |
| Cash at bank and in hand | 54/58 | €36,285 | €201,523 | +€165,238 | +455.4% |
| Deferred charges and accrued income | 490/1 | €66 | €18,140 | +€18,074 | +27406.2% |
| Total equity and liabilities | 10/49 | €79,744 | €231,370 | +€151,626 | +190.1% |
| Equity | 10/15 | €36,225 | €160,478 | +€124,252 | +343.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,225 | €155,478 | +€124,252 | +397.9% |
| Distributable reserves | 133 | €31,225 | €155,478 | +€124,252 | +397.9% |
| Amounts payable | 17/49 | €43,518 | €70,892 | +€27,374 | +62.9% |
| Amounts payable within one year | 42/48 | €43,518 | €70,892 | +€27,374 | +62.9% |
| Trade debts | 44 | €2,200 | €76 | -€2,124 | -96.6% |
| Suppliers | 440/4 | €2,200 | €76 | -€2,124 | -96.6% |
| Taxes, remuneration and social security | 45 | €15,564 | €44,814 | +€29,250 | +187.9% |
| Taxes | 450/3 | €15,564 | €44,814 | +€29,250 | +187.9% |
| Other amounts payable | 47/48 | €25,755 | €26,003 | +€248 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,461 | €13,099 | +€10,639 | +432.4% |
| Other operating charges | 640/8 | €730 | €494 | -€236 | -32.3% |
| Gross operating margin | 9900 | €57,692 | €190,541 | +€132,849 | +230.3% |
| Operating profit (loss) | 9901 | €54,501 | €176,947 | +€122,446 | +224.7% |
| Financial charges | 65/66B | €241 | €494 | +€253 | +104.6% |
| Recurring financial charges | 65 | €241 | €494 | +€253 | +104.6% |
| Profit (loss) for the period before taxes | 9903 | €54,260 | €176,453 | +€122,194 | +225.2% |
| Income taxes | 67/77 | €8,034 | €37,201 | +€29,167 | +363.0% |
| Profit (loss) for the period | 9904 | €46,225 | €139,252 | +€93,027 | +201.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,225 | €139,252 | +€93,027 | +201.2% |
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.