4M Finance: 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.
4M Finance
Largest movements
- Current investments +€36,246
up €36,246 (+59.9%), from €60,547 to €96,793
- Tangible fixed assets -€29,708
down €29,708 (-9.2%), from €324,009 to €294,301
of which Furniture and vehicles: -€21,781
- Cash +€7,564
up €7,564 (+4.7%), from €162,478 to €170,042
mainly Net result for the year (+€99,172) and Depreciation (+€30,235)
- Debts after one year -€31,609
down €31,609 (-14.9%), from €212,512 to €180,903
- Reserves +€24,172
up €24,172 (+9.4%), from €257,277 to €281,450
- Other debts +€12,594
up €12,594 (+19.0%), from €66,346 to €78,940
- Gross operating margin +€7,136
up €7,136 (+4.5%), from €157,359 to €164,495
- Taxes +€3,289
up €3,289 (+13.1%), from €25,193 to €28,482
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 | €588,574 | €603,846 | +€15,272 | +2.6% |
| Fixed assets | 21/28 | €324,009 | €294,301 | -€29,708 | -9.2% |
| Tangible fixed assets | 22/27 | €324,009 | €294,301 | -€29,708 | -9.2% |
| Land and buildings | 22 | €263,633 | €256,440 | -€7,193 | -2.7% |
| Furniture and vehicles | 24 | €59,642 | €37,861 | -€21,781 | -36.5% |
| Other tangible fixed assets | 26 | €734 | - | -€734 | |
| Current assets | 29/58 | €264,565 | €309,545 | +€44,980 | +17.0% |
| Amounts receivable within one year | 40/41 | €41,474 | €42,707 | +€1,232 | +3.0% |
| Trade receivables | 40 | €41,474 | €42,191 | +€716 | +1.7% |
| Other amounts receivable | 41 | - | €516 | +€516 | |
| Current investments | 50/53 | €60,547 | €96,793 | +€36,246 | +59.9% |
| Cash at bank and in hand | 54/58 | €162,478 | €170,042 | +€7,564 | +4.7% |
| Deferred charges and accrued income | 490/1 | €66 | €4 | -€62 | -94.5% |
| Total equity and liabilities | 10/49 | €588,574 | €603,846 | +€15,272 | +2.6% |
| Equity | 10/15 | €259,277 | €283,450 | +€24,172 | +9.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €257,277 | €281,450 | +€24,172 | +9.4% |
| Distributable reserves | 133 | €257,277 | €281,450 | +€24,172 | +9.4% |
| Amounts payable | 17/49 | €329,297 | €320,396 | -€8,901 | -2.7% |
| Amounts payable after more than one year | 17 | €212,512 | €180,903 | -€31,609 | -14.9% |
| Financial debts | 170/4 | €212,512 | €180,903 | -€31,609 | -14.9% |
| Amounts payable within one year | 42/48 | €116,785 | €139,493 | +€22,708 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €30,613 | €31,609 | +€996 | +3.3% |
| Trade debts | 44 | €1,627 | €5,367 | +€3,740 | +230% |
| Suppliers | 440/4 | €1,627 | €5,367 | +€3,740 | +230% |
| Taxes, remuneration and social security | 45 | €18,199 | €23,578 | +€5,379 | +29.6% |
| Taxes | 450/3 | €18,199 | €23,578 | +€5,379 | +29.6% |
| Other amounts payable | 47/48 | €66,346 | €78,940 | +€12,594 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,739 | €30,235 | +€497 | +1.7% |
| Other operating charges | 640/8 | €3,098 | €3,467 | +€369 | +11.9% |
| Gross operating margin | 9900 | €157,359 | €164,495 | +€7,136 | +4.5% |
| Operating profit (loss) | 9901 | €124,522 | €130,792 | +€6,270 | +5.0% |
| Financial income | 75/76B | €2,951 | €3,945 | +€995 | +33.7% |
| Recurring financial income | 75 | €2,951 | €3,945 | +€995 | +33.7% |
| Financial charges | 65/66B | €7,819 | €7,083 | -€736 | -9.4% |
| Recurring financial charges | 65 | €7,819 | €7,083 | -€736 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €119,654 | €127,655 | +€8,001 | +6.7% |
| Income taxes | 67/77 | €25,193 | €28,482 | +€3,289 | +13.1% |
| Profit (loss) for the period | 9904 | €94,460 | €99,172 | +€4,712 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,460 | €99,172 | +€4,712 | +5.0% |
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.