4MEC: 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.
4MEC
Largest movements
- Cash +€86,401
up €86,401 (+97.8%), from €88,342 to €174,743
mainly Net result for the year (+€136,566) and Depreciation (+€18,138)
- Tangible fixed assets +€61,323
up €61,323 (+99.1%), from €61,872 to €123,194
- Reserves +€136,566
up €136,566 (+27.5%), from €496,620 to €633,186
- Debts after one year -€18,290
down €18,290 (-4.0%), from €455,852 to €437,561
- Current portion of long-term debt +€13,515
up €13,515 (+23.3%), from €58,072 to €71,587
- Tax, wage and social debts +€12,575
up €12,575 (+247%), from €5,091 to €17,666
- Financial income +€15,000
up €15,000 (+14.3%), from €105,000 to €120,000
- Gross operating margin +€5,001
up €5,001 (+8.8%), from €56,886 to €61,887
- Financial charges -€2,940
down €2,940 (-13.3%), from €22,041 to €19,102
- Depreciation +€1,433
up €1,433 (+8.6%), from €16,706 to €18,138
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 | €1,048,076 | €1,198,399 | +€150,323 | +14.3% |
| Fixed assets | 21/28 | €926,807 | €988,129 | +€61,323 | +6.6% |
| Tangible fixed assets | 22/27 | €61,872 | €123,194 | +€61,323 | +99.1% |
| Furniture and vehicles | 24 | €61,872 | €123,194 | +€61,323 | +99.1% |
| Financial fixed assets | 28 | €864,935 | €864,935 | = | 0.0% |
| Current assets | 29/58 | €121,269 | €210,269 | +€89,000 | +73.4% |
| Amounts receivable within one year | 40/41 | €27,697 | €31,987 | +€4,291 | +15.5% |
| Trade receivables | 40 | €17,500 | €25,970 | +€8,470 | +48.4% |
| Other amounts receivable | 41 | €10,197 | €6,017 | -€4,179 | -41.0% |
| Cash at bank and in hand | 54/58 | €88,342 | €174,743 | +€86,401 | +97.8% |
| Deferred charges and accrued income | 490/1 | €5,230 | €3,539 | -€1,692 | -32.3% |
| Total equity and liabilities | 10/49 | €1,048,076 | €1,198,399 | +€150,323 | +14.3% |
| Equity | 10/15 | €515,220 | €651,786 | +€136,566 | +26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €496,620 | €633,186 | +€136,566 | +27.5% |
| Distributable reserves | 133 | €496,620 | €633,186 | +€136,566 | +27.5% |
| Amounts payable | 17/49 | €532,856 | €546,613 | +€13,757 | +2.6% |
| Amounts payable after more than one year | 17 | €455,852 | €437,561 | -€18,290 | -4.0% |
| Financial debts | 170/4 | €455,852 | €437,561 | -€18,290 | -4.0% |
| Amounts payable within one year | 42/48 | €77,004 | €109,051 | +€32,047 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €58,072 | €71,587 | +€13,515 | +23.3% |
| Financial debts | 43 | €4,053 | €4,371 | +€318 | +7.9% |
| Credit institutions | 430/8 | €4,053 | €4,371 | +€318 | +7.9% |
| Trade debts | 44 | €5,311 | €8,116 | +€2,805 | +52.8% |
| Suppliers | 440/4 | €5,311 | €8,116 | +€2,805 | +52.8% |
| Taxes, remuneration and social security | 45 | €5,091 | €17,666 | +€12,575 | +247% |
| Taxes | 450/3 | €5,091 | €17,666 | +€12,575 | +247% |
| Other amounts payable | 47/48 | €4,478 | €7,311 | +€2,833 | +63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,706 | €18,138 | +€1,433 | +8.6% |
| Other operating charges | 640/8 | €449 | €1,060 | +€611 | +136% |
| Gross operating margin | 9900 | €56,886 | €61,887 | +€5,001 | +8.8% |
| Operating profit (loss) | 9901 | €39,731 | €42,688 | +€2,957 | +7.4% |
| Financial income | 75/76B | €105,000 | €120,000 | +€15,000 | +14.3% |
| Recurring financial income | 75 | €105,000 | €120,000 | +€15,000 | +14.3% |
| Financial charges | 65/66B | €22,041 | €19,102 | -€2,940 | -13.3% |
| Recurring financial charges | 65 | €22,041 | €19,102 | -€2,940 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €122,690 | €143,587 | +€20,897 | +17.0% |
| Income taxes | 67/77 | €6,826 | €7,021 | +€195 | +2.9% |
| Profit (loss) for the period | 9904 | €115,864 | €136,566 | +€20,702 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,864 | €136,566 | +€20,702 | +17.9% |
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 18 October 2026 via checked.be.