4P Institute: 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.
4P Institute
Largest movements
- Receivables within one year +€8,263
up €8,263 (+1,180%), from €700 to €8,963
of which Trade receivables: +€7,866
- Cash -€1,664
down €1,664 (-43.9%), from €3,788 to €2,124
mainly Receivables within one year (-€8,263) and Deferred charges and accrued income (-€548)
- Deferred charges and accrued income +€548
new in 2025: €548
- Profit (loss) carried forward +€6,236
up €6,236 (+44.1%), from -€14,155 to -€7,918
- Tax, wage and social debts +€738
up €738 (+238%), from €311 to €1,049
- Trade debts +€173
up €173 (+6.8%), from €2,534 to €2,707
- Gross operating margin +€14,207
up €14,207, from -€6,352 to €7,855
- Taxes +€1,049
new in 2025: €1,049
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 | €4,488 | €11,635 | +€7,147 | +159% |
| Current assets | 29/58 | €4,488 | €11,635 | +€7,147 | +159% |
| Amounts receivable within one year | 40/41 | €700 | €8,963 | +€8,263 | +1,180% |
| Trade receivables | 40 | €700 | €8,566 | +€7,866 | +1,124% |
| Other amounts receivable | 41 | - | €397 | +€397 | |
| Cash at bank and in hand | 54/58 | €3,788 | €2,124 | -€1,664 | -43.9% |
| Deferred charges and accrued income | 490/1 | - | €548 | +€548 | |
| Total equity and liabilities | 10/49 | €4,488 | €11,635 | +€7,147 | +159% |
| Equity | 10/15 | €1,470 | €7,707 | +€6,236 | +424% |
| Contributions | 10/11 | €15,625 | €15,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,155 | -€7,918 | +€6,236 | +44.1% |
| Amounts payable | 17/49 | €3,017 | €3,928 | +€911 | +30.2% |
| Amounts payable within one year | 42/48 | €3,017 | €3,928 | +€911 | +30.2% |
| Trade debts | 44 | €2,534 | €2,707 | +€173 | +6.8% |
| Suppliers | 440/4 | €2,534 | €2,707 | +€173 | +6.8% |
| Taxes, remuneration and social security | 45 | €311 | €1,049 | +€738 | +238% |
| Taxes | 450/3 | €311 | €1,049 | +€738 | +238% |
| Other amounts payable | 47/48 | €173 | €173 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€6,352 | €7,855 | +€14,207 | |
| Operating profit (loss) | 9901 | -€6,740 | €7,455 | +€14,195 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €155 | €170 | +€15 | +9.9% |
| Recurring financial charges | 65 | €155 | €170 | +€15 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,892 | €7,285 | +€14,177 | |
| Income taxes | 67/77 | - | €1,049 | +€1,049 | |
| Profit (loss) for the period | 9904 | -€6,892 | €6,236 | +€13,128 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,892 | €6,236 | +€13,128 |
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 29 October 2026 via checked.be.