4MEER ADVISORY: 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.
4MEER ADVISORY
Largest movements
- Cash +€80,432
up €80,432 (+76.6%), from €105,052 to €185,484
mainly Net result for the year (+€76,447) and Tax, wage and social debts (+€32,196)
- Receivables within one year -€5,576
down €5,576 (-43.8%), from €12,732 to €7,155
of which Trade receivables: -€8,667
- Tangible fixed assets -€4,020
down €4,020 (-5.3%), from €76,245 to €72,225
of which Furniture and vehicles: -€6,328
- Reserves +€76,447
up €76,447 (+102%), from €75,112 to €151,560
- Tax, wage and social debts +€32,196
up €32,196 (+111%), from €29,134 to €61,330
- Debts after one year -€17,642
down €17,642 (-38.9%), from €45,366 to €27,723
- Other debts -€15,558
down €15,558 (-100.0%), from €15,558 to €0
- Trade debts -€5,196
down €5,196 (-53.8%), from €9,658 to €4,463
- Gross operating margin +€13,531
up €13,531 (+11.7%), from €115,502 to €129,033
- Depreciation +€8,923
up €8,923 (+95.9%), from €9,307 to €18,230
- Taxes +€2,604
up €2,604 (+8.9%), from €29,134 to €31,738
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 | €194,827 | €265,718 | +€70,891 | +36.4% |
| Fixed assets | 21/28 | €76,245 | €72,225 | -€4,020 | -5.3% |
| Tangible fixed assets | 22/27 | €76,245 | €72,225 | -€4,020 | -5.3% |
| Land and buildings | 22 | - | €2,308 | +€2,308 | |
| Furniture and vehicles | 24 | €76,245 | €69,917 | -€6,328 | -8.3% |
| Current assets | 29/58 | €118,582 | €193,493 | +€74,911 | +63.2% |
| Amounts receivable within one year | 40/41 | €12,732 | €7,155 | -€5,576 | -43.8% |
| Trade receivables | 40 | €11,210 | €2,543 | -€8,667 | -77.3% |
| Other amounts receivable | 41 | €1,521 | €4,612 | +€3,091 | +203% |
| Cash at bank and in hand | 54/58 | €105,052 | €185,484 | +€80,432 | +76.6% |
| Deferred charges and accrued income | 490/1 | €799 | €854 | +€55 | +6.9% |
| Total equity and liabilities | 10/49 | €194,827 | €265,718 | +€70,891 | +36.4% |
| Equity | 10/15 | €78,112 | €154,560 | +€76,447 | +97.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €75,112 | €151,560 | +€76,447 | +102% |
| Distributable reserves | 133 | €75,112 | €151,560 | +€76,447 | +102% |
| Amounts payable | 17/49 | €116,715 | €111,158 | -€5,557 | -4.8% |
| Amounts payable after more than one year | 17 | €45,366 | €27,723 | -€17,642 | -38.9% |
| Financial debts | 170/4 | €45,366 | €27,723 | -€17,642 | -38.9% |
| Amounts payable within one year | 42/48 | €71,349 | €83,435 | +€12,086 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €16,999 | €17,642 | +€643 | +3.8% |
| Trade debts | 44 | €9,658 | €4,463 | -€5,196 | -53.8% |
| Suppliers | 440/4 | €9,658 | €4,463 | -€5,196 | -53.8% |
| Taxes, remuneration and social security | 45 | €29,134 | €61,330 | +€32,196 | +111% |
| Taxes | 450/3 | €29,134 | €61,330 | +€32,196 | +111% |
| Other amounts payable | 47/48 | €15,558 | €0 | -€15,558 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,307 | €18,230 | +€8,923 | +95.9% |
| Other operating charges | 640/8 | €683 | €527 | -€156 | -22.8% |
| Gross operating margin | 9900 | €115,502 | €129,033 | +€13,531 | +11.7% |
| Operating profit (loss) | 9901 | €105,513 | €110,276 | +€4,764 | +4.5% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €1,267 | €2,099 | +€832 | +65.7% |
| Recurring financial charges | 65 | €1,267 | €2,099 | +€832 | +65.7% |
| Profit (loss) for the period before taxes | 9903 | €104,246 | €108,185 | +€3,939 | +3.8% |
| Income taxes | 67/77 | €29,134 | €31,738 | +€2,604 | +8.9% |
| Profit (loss) for the period | 9904 | €75,112 | €76,447 | +€1,335 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,112 | €76,447 | +€1,335 | +1.8% |
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 18 October 2026 via checked.be.