4MB GROUP: what changed
Two fiscal 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.
4MB GROUP
Largest movements
- Receivables within one year +€28,998
up €28,998 (+339.0%), from €8,555 to €37,552
of which Trade receivables: +€27,450
- Cash +€9,123
new in 2025: €9,123
mainly Net result for the year (+€35,381) and Depreciation (+€1,888)
- Tangible fixed assets -€1,888
down €1,888 (-52.9%), from €3,570 to €1,682
of which Plant, machinery and equipment: -€3,570
- Profit (loss) carried forward +€35,381
up €35,381, from -€4,509 to €30,871
- Tax, wage and social debts +€1,774
up €1,774 (+38.0%), from €4,664 to €6,438
- Short-term financial debts -€491
no longer reported in 2025 (was €491)
- Gross operating margin +€63,395
up €63,395, from -€18,103 to €45,292
- Taxes +€6,438
new in 2025: €6,438
- Other operating charges +€1,150
new in 2025: €1,150
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 | €12,125 | €48,358 | +€36,233 | +298.8% |
| Fixed assets | 21/28 | €3,570 | €1,682 | -€1,888 | -52.9% |
| Tangible fixed assets | 22/27 | €3,570 | €1,682 | -€1,888 | -52.9% |
| Plant, machinery and equipment | 23 | €3,570 | - | -€3,570 | |
| Furniture and vehicles | 24 | - | €1,682 | +€1,682 | |
| Current assets | 29/58 | €8,555 | €46,676 | +€38,121 | +445.6% |
| Amounts receivable within one year | 40/41 | €8,555 | €37,552 | +€28,998 | +339.0% |
| Trade receivables | 40 | €5,300 | €32,750 | +€27,450 | +517.9% |
| Other amounts receivable | 41 | €3,255 | €4,802 | +€1,548 | +47.6% |
| Cash at bank and in hand | 54/58 | - | €9,123 | +€9,123 | |
| Total equity and liabilities | 10/49 | €12,125 | €48,358 | +€36,233 | +298.8% |
| Equity | 10/15 | €5,491 | €40,871 | +€35,381 | +644.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,509 | €30,871 | +€35,381 | |
| Amounts payable | 17/49 | €6,634 | €7,486 | +€852 | +12.8% |
| Amounts payable within one year | 42/48 | €6,634 | €7,486 | +€852 | +12.8% |
| Financial debts | 43 | €491 | - | -€491 | |
| Credit institutions | 430/8 | €491 | - | -€491 | |
| Trade debts | 44 | €1,479 | €1,048 | -€432 | -29.2% |
| Suppliers | 440/4 | €1,479 | €1,048 | -€432 | -29.2% |
| Taxes, remuneration and social security | 45 | €4,664 | €6,438 | +€1,774 | +38.0% |
| Taxes | 450/3 | €4,664 | €6,438 | +€1,774 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,120 | €1,888 | -€232 | -11.0% |
| Other operating charges | 640/8 | - | €1,150 | +€1,150 | |
| Gross operating margin | 9900 | -€18,103 | €45,292 | +€63,395 | |
| Operating profit (loss) | 9901 | -€20,223 | €42,254 | +€62,478 | |
| Financial income | 75/76B | €178 | €12 | -€167 | -93.5% |
| Recurring financial income | 75 | €178 | €12 | -€167 | -93.5% |
| Financial charges | 65/66B | €282 | €447 | +€164 | +58.2% |
| Recurring financial charges | 65 | €282 | €447 | +€164 | +58.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,328 | €41,819 | +€62,147 | |
| Income taxes | 67/77 | - | €6,438 | +€6,438 | |
| Profit (loss) for the period | 9904 | -€20,328 | €35,381 | +€55,708 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,328 | €35,381 | +€55,708 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.