4MAT Consulting: 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.
4MAT Consulting
Largest movements
- Receivables within one year -€77,272
down €77,272 (-93.8%), from €82,372 to €5,100
- Current investments -€12,934
down €12,934 (-19.5%), from €66,464 to €53,530
- Reserves -€76,380
down €76,380 (-18.5%), from €413,919 to €337,539
of which Distributable reserves: -€412,059
- Current portion of long-term debt -€13,528
down €13,528 (-42.5%), from €31,799 to €18,271
- Other debts +€9,639
new in 2025: €9,639
- Tax, wage and social debts -€6,247
down €6,247 (-21.7%), from €28,809 to €22,562
- Gross operating margin -€9,236
down €9,236 (-6.6%), from €140,126 to €130,890
- Taxes -€2,162
down €2,162 (-4.6%), from €47,291 to €45,129
- Financial income -€1,647
down €1,647 (-30.0%), from €5,487 to €3,839
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 | €525,395 | €436,953 | -€88,442 | -16.8% |
| Fixed assets | 21/28 | €264,902 | €266,616 | +€1,714 | +0.6% |
| Tangible fixed assets | 22/27 | €164,902 | €166,615 | +€1,714 | +1.0% |
| Land and buildings | 22 | €153,979 | €149,443 | -€4,536 | -2.9% |
| Furniture and vehicles | 24 | €10,923 | €17,172 | +€6,250 | +57.2% |
| Financial fixed assets | 28 | €100,001 | €100,001 | = | 0.0% |
| Current assets | 29/58 | €260,492 | €170,336 | -€90,156 | -34.6% |
| Amounts receivable after more than one year | 29 | €75,000 | €76,003 | +€1,003 | +1.3% |
| Trade receivables | 290 | - | €1,003 | +€1,003 | |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,372 | €5,100 | -€77,272 | -93.8% |
| Other amounts receivable | 41 | €82,372 | €5,100 | -€77,272 | -93.8% |
| Current investments | 50/53 | €66,464 | €53,530 | -€12,934 | -19.5% |
| Cash at bank and in hand | 54/58 | €31,207 | €31,429 | +€222 | +0.7% |
| Deferred charges and accrued income | 490/1 | €5,449 | €4,274 | -€1,175 | -21.6% |
| Total equity and liabilities | 10/49 | €525,395 | €436,953 | -€88,442 | -16.8% |
| Equity | 10/15 | €462,861 | €386,481 | -€76,380 | -16.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €413,919 | €337,539 | -€76,380 | -18.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €335,679 | +€335,679 | |
| Distributable reserves | 133 | €412,059 | - | -€412,059 | |
| Profit (loss) carried forward | 14 | €36,542 | €36,542 | = | 0.0% |
| Amounts payable | 17/49 | €62,534 | €50,472 | -€12,062 | -19.3% |
| Amounts payable within one year | 42/48 | €62,534 | €50,472 | -€12,062 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €31,799 | €18,271 | -€13,528 | -42.5% |
| Trade debts | 44 | €1,925 | - | -€1,925 | |
| Suppliers | 440/4 | €1,925 | - | -€1,925 | |
| Taxes, remuneration and social security | 45 | €28,809 | €22,562 | -€6,247 | -21.7% |
| Taxes | 450/3 | €28,809 | €22,562 | -€6,247 | -21.7% |
| Other amounts payable | 47/48 | - | €9,639 | +€9,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,861 | €6,206 | +€345 | +5.9% |
| Other operating charges | 640/8 | €2,904 | €2,078 | -€826 | -28.4% |
| Gross operating margin | 9900 | €140,126 | €130,890 | -€9,236 | -6.6% |
| Operating profit (loss) | 9901 | €131,362 | €122,606 | -€8,755 | -6.7% |
| Financial income | 75/76B | €5,487 | €3,839 | -€1,647 | -30.0% |
| Recurring financial income | 75 | €5,487 | €3,839 | -€1,647 | -30.0% |
| Financial charges | 65/66B | €4,992 | €5,866 | +€873 | +17.5% |
| Recurring financial charges | 65 | €4,992 | €5,866 | +€873 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €131,856 | €120,580 | -€11,276 | -8.6% |
| Income taxes | 67/77 | €47,291 | €45,129 | -€2,162 | -4.6% |
| Profit (loss) for the period | 9904 | €84,565 | €75,452 | -€9,114 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,565 | €75,452 | -€9,114 | -10.8% |
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 12 October 2026 via checked.be.