4P MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€10,502
down €10,502 (-72.0%), from €14,580 to €4,077
mainly Net result for the year (-€6,200) and Trade debts (-€2,744)
- Profit (loss) carried forward -€6,200
down €6,200 (-24.7%), from €25,052 to €18,853
- Trade debts -€2,744
down €2,744 (-63.7%), from €4,308 to €1,565
- Gross operating margin -€13,921
down €13,921, from €8,181 to -€5,740
- Taxes -€719
no longer reported in 2025 (was €719)
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 | €136,580 | €127,254 | -€9,326 | -6.8% |
| Fixed assets | 21/28 | €122,000 | €122,000 | = | 0.0% |
| Financial fixed assets | 28 | €122,000 | €122,000 | = | 0.0% |
| Current assets | 29/58 | €14,580 | €5,254 | -€9,326 | -64.0% |
| Amounts receivable within one year | 40/41 | - | €1,176 | +€1,176 | |
| Other amounts receivable | 41 | - | €1,176 | +€1,176 | |
| Cash at bank and in hand | 54/58 | €14,580 | €4,077 | -€10,502 | -72.0% |
| Total equity and liabilities | 10/49 | €136,580 | €127,254 | -€9,326 | -6.8% |
| Equity | 10/15 | €131,169 | €124,970 | -€6,200 | -4.7% |
| Contributions | 10/11 | €84,000 | €84,000 | = | 0.0% |
| Capital | 10 | €84,000 | €84,000 | = | 0.0% |
| Issued capital | 100 | €84,000 | €84,000 | = | 0.0% |
| Reserves | 13 | €22,117 | €22,117 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,400 | €8,400 | = | 0.0% |
| Legal reserve | 130 | €8,400 | €8,400 | = | 0.0% |
| Distributable reserves | 133 | €13,717 | €13,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,052 | €18,853 | -€6,200 | -24.7% |
| Amounts payable | 17/49 | €5,411 | €2,284 | -€3,127 | -57.8% |
| Amounts payable within one year | 42/48 | €5,411 | €2,284 | -€3,127 | -57.8% |
| Trade debts | 44 | €4,308 | €1,565 | -€2,744 | -63.7% |
| Suppliers | 440/4 | €4,308 | €1,565 | -€2,744 | -63.7% |
| Taxes, remuneration and social security | 45 | €1,102 | €719 | -€383 | -34.8% |
| Taxes | 450/3 | €1,102 | €719 | -€383 | -34.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €8,181 | -€5,740 | -€13,921 | |
| Operating profit (loss) | 9901 | €7,794 | -€6,140 | -€13,933 | |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €7,734 | -€6,200 | -€13,933 | |
| Income taxes | 67/77 | €719 | - | -€719 | |
| Profit (loss) for the period | 9904 | €7,015 | -€6,200 | -€13,214 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,015 | -€6,200 | -€13,214 |
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 14 October 2026 via checked.be.