4MOON: what changed
What changed
4MOON
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€4.7m
2024 · €181,258+€4.6m
Equity
€47.1m
2024 · €42.4m+€4.7m
Cash
€1.1m
2024 · €393,996+€666,646
Balance sheet total
€50.6m
2024 · €45.7m+€4.9m
Largest movements
Assets
- Tangible fixed assets +€3.7m
up €3.7m (+42.2%), from €8.8m to €12.5m
of which Land and buildings: +€3.3m
- Current investments +€723,940
up €723,940 (+2.7%), from €26.4m to €27.2m
- Cash +€666,646
up €666,646 (+169%), from €393,996 to €1.1m
mainly Net result for the year (+€4.7m) and Trade debts (+€313,638)
Equity and liabilities
- Reserves +€4.7m
up €4.7m (+12.3%), from €38.6m to €43.3m
Income statement
- Financial income +€5.3m
up €5.3m (+305%), from €1.7m to €7.0m
- Other operating charges +€704,894
up €704,894 (+786%), from €89,735 to €794,629
- Gross operating margin -€163,205
down €163,205 (-20.9%), from -€780,040 to -€943,245
- Depreciation +€142,403
up €142,403 (+516%), from €27,574 to €169,976
- Financial charges +€51,506
up €51,506 (+17.1%), from €301,529 to €353,035
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€181,258
Gross operating margin
-€163,205
Depreciation
-€142,403
Other operating charges
-€704,894
Other operating items
+€357,000
Financial income
+€5.3m
Financial charges
-€51,506
Taxes
-€44,701
Result 2025
€4.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5.4m
Investment
-€4.6m
Financing
-€163,333
Cash 2024
€393,996
From operations (derived)
+€5.4m
Net result for the year
+€4.7m
Depreciation
+€169,976
Receivables within one year
+€232,201
Smaller working-capital items
-€2,433
Trade debts
+€313,638
Other debts
+€287,879
Accrued charges and deferred income
-€295,502
Investment (derived)
-€4.6m
Investment in fixed assets (net)
-€3.9m
Current investments
-€723,940
Financing
-€163,333
Debts after one year
-€163,333
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,713,488 | €50,596,231 | +€4.9m | +10.7% |
| Fixed assets | 21/28 | €8,922,599 | €12,642,298 | +€3.7m | +41.7% |
| Tangible fixed assets | 22/27 | €8,806,439 | €12,526,138 | +€3.7m | +42.2% |
| Land and buildings | 22 | €7,605,725 | €10,923,765 | +€3.3m | +43.6% |
| Plant, machinery and equipment | 23 | €33,360 | €37,831 | +€4,471 | +13.4% |
| Furniture and vehicles | 24 | €177,407 | €460,375 | +€282,968 | +160% |
| Other tangible fixed assets | 26 | €898,069 | €1,104,167 | +€206,098 | +22.9% |
| Assets under construction and advance payments | 27 | €91,879 | €0 | -€91,879 | -100% |
| Financial fixed assets | 28 | €116,160 | €116,160 | = | 0.0% |
| Current assets | 29/58 | €36,790,888 | €37,953,934 | +€1.2m | +3.2% |
| Amounts receivable after more than one year | 29 | €8,000,000 | €8,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €8,000,000 | €8,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,944,565 | €1,712,365 | -€232,201 | -11.9% |
| Trade receivables | 40 | €1,459,192 | €1,475,100 | +€15,908 | +1.1% |
| Other amounts receivable | 41 | €485,373 | €237,265 | -€248,109 | -51.1% |
| Current investments | 50/53 | €26,443,402 | €27,167,342 | +€723,940 | +2.7% |
| Cash at bank and in hand | 54/58 | €393,996 | €1,060,643 | +€666,646 | +169% |
| Deferred charges and accrued income | 490/1 | €8,925 | €13,585 | +€4,659 | +52.2% |
| Total equity and liabilities | 10/49 | €45,713,488 | €50,596,231 | +€4.9m | +10.7% |
| Equity | 10/15 | €42,384,084 | €47,121,921 | +€4.7m | +11.2% |
| Contributions | 10/11 | €3,809,686 | €3,809,686 | = | 0.0% |
| Reserves | 13 | €38,574,398 | €43,312,235 | +€4.7m | +12.3% |
| Distributable reserves | 133 | €38,574,398 | €43,312,235 | +€4.7m | +12.3% |
| Amounts payable | 17/49 | €3,329,404 | €3,474,311 | +€144,907 | +4.4% |
| Amounts payable after more than one year | 17 | €2,786,667 | €2,623,333 | -€163,333 | -5.9% |
| Financial debts | 170/4 | €2,786,667 | €2,623,333 | -€163,333 | -5.9% |
| Amounts payable within one year | 42/48 | €247,031 | €850,774 | +€603,743 | +244% |
| Current portion of amounts payable after more than one year | 42 | €163,333 | €163,333 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €83,698 | €397,336 | +€313,638 | +375% |
| Suppliers | 440/4 | €83,698 | €397,336 | +€313,638 | +375% |
| Taxes, remuneration and social security | 45 | €0 | €2,226 | +€2,226 | |
| Taxes | 450/3 | €0 | €2,226 | +€2,226 | |
| Other amounts payable | 47/48 | - | €287,879 | +€287,879 | |
| Accrued charges and deferred income | 492/3 | €295,706 | €204 | -€295,502 | -99.9% |
| Non-recurring operating income | 76A | €214,747 | €0 | -€214,747 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,574 | €169,976 | +€142,403 | +516% |
| Other operating charges | 640/8 | €89,735 | €794,629 | +€704,894 | +786% |
| Non-recurring operating charges | 66A | €357,000 | €0 | -€357,000 | -100% |
| Gross operating margin | 9900 | -€780,040 | -€943,245 | -€163,205 | -20.9% |
| Operating profit (loss) | 9901 | -€1,254,348 | -€1,907,850 | -€653,502 | -52.1% |
| Financial income | 75/76B | €1,740,004 | €7,046,292 | +€5.3m | +305% |
| Recurring financial income | 75 | €1,740,004 | €7,046,292 | +€5.3m | +305% |
| Financial charges | 65/66B | €301,529 | €353,035 | +€51,506 | +17.1% |
| Recurring financial charges | 65 | €301,529 | €353,035 | +€51,506 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €184,127 | €4,785,406 | +€4.6m | +2,499% |
| Income taxes | 67/77 | €2,869 | €47,569 | +€44,701 | +1,558% |
| Profit (loss) for the period | 9904 | €181,258 | €4,737,837 | +€4.6m | +2,514% |
| Profit (loss) for the period to be appropriated | 9905 | €181,258 | €4,737,837 | +€4.6m | +2,514% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.