4MAS: 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.
4MAS
Largest movements
- Receivables after one year -€295,000
down €295,000 (-100%), from €295,000 to €0
- Receivables within one year +€44,129
up €44,129 (+46.0%), from €95,932 to €140,061
of which Trade receivables: +€47,897
- Cash +€4,460
up €4,460 (+44.6%), from €10,001 to €14,461
mainly Receivables after one year (+€295,000) and Net result for the year (+€30,863)
- Deferred charges and accrued income -€4,121
down €4,121 (-58.3%), from €7,068 to €2,947
- Other debts -€285,632
down €285,632 (-96.5%), from €295,901 to €10,269
- Profit (loss) carried forward +€30,863
up €30,863 (+82.2%), from -€37,569 to -€6,705
- Financial income -€4,150
down €4,150 (-58.7%), from €7,068 to €2,918
- Financial charges -€4,058
down €4,058 (-51.5%), from €7,877 to €3,819
- Gross operating margin -€1,446
down €1,446 (-4.1%), from €35,601 to €34,155
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 | €410,462 | €157,469 | -€252,994 | -61.6% |
| Fixed assets | 21/28 | €2,062 | €0 | -€2,062 | -100% |
| Tangible fixed assets | 22/27 | €2,062 | €0 | -€2,062 | -100% |
| Furniture and vehicles | 24 | €2,062 | €0 | -€2,062 | -100% |
| Current assets | 29/58 | €408,400 | €157,469 | -€250,932 | -61.4% |
| Amounts receivable after more than one year | 29 | €295,000 | €0 | -€295,000 | -100% |
| Other amounts receivable | 291 | €295,000 | €0 | -€295,000 | -100% |
| Stocks and contracts in progress | 3 | €400 | €0 | -€400 | -100% |
| Stocks | 30/36 | €400 | €0 | -€400 | -100% |
| Amounts receivable within one year | 40/41 | €95,932 | €140,061 | +€44,129 | +46.0% |
| Trade receivables | 40 | €92,163 | €140,061 | +€47,897 | +52.0% |
| Other amounts receivable | 41 | €3,768 | €0 | -€3,768 | -100% |
| Cash at bank and in hand | 54/58 | €10,001 | €14,461 | +€4,460 | +44.6% |
| Deferred charges and accrued income | 490/1 | €7,068 | €2,947 | -€4,121 | -58.3% |
| Total equity and liabilities | 10/49 | €410,462 | €157,469 | -€252,994 | -61.6% |
| Equity | 10/15 | €101,748 | €132,611 | +€30,863 | +30.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €14,316 | €14,316 | = | 0.0% |
| Distributable reserves | 133 | €14,316 | €14,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,569 | -€6,705 | +€30,863 | +82.2% |
| Amounts payable | 17/49 | €308,714 | €24,858 | -€283,857 | -91.9% |
| Amounts payable within one year | 42/48 | €300,386 | €18,000 | -€282,386 | -94.0% |
| Trade debts | 44 | €4,485 | €6,583 | +€2,098 | +46.8% |
| Suppliers | 440/4 | €4,485 | €6,583 | +€2,098 | +46.8% |
| Taxes, remuneration and social security | 45 | €0 | €1,149 | +€1,149 | |
| Taxes | 450/3 | €0 | €1,149 | +€1,149 | |
| Other amounts payable | 47/48 | €295,901 | €10,269 | -€285,632 | -96.5% |
| Accrued charges and deferred income | 492/3 | €8,328 | €6,857 | -€1,471 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,380 | €2,062 | -€318 | -13.4% |
| Other operating charges | 640/8 | €304 | €330 | +€26 | +8.6% |
| Gross operating margin | 9900 | €35,601 | €34,155 | -€1,446 | -4.1% |
| Operating profit (loss) | 9901 | €32,918 | €31,764 | -€1,154 | -3.5% |
| Financial income | 75/76B | €7,068 | €2,918 | -€4,150 | -58.7% |
| Recurring financial income | 75 | €7,068 | €2,918 | -€4,150 | -58.7% |
| Financial charges | 65/66B | €7,877 | €3,819 | -€4,058 | -51.5% |
| Recurring financial charges | 65 | €7,877 | €3,819 | -€4,058 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €32,108 | €30,863 | -€1,245 | -3.9% |
| Profit (loss) for the period | 9904 | €32,108 | €30,863 | -€1,245 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,108 | €30,863 | -€1,245 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.