4PSB: 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.
4PSB
Largest movements
- Receivables within one year +€7,813
up €7,813 (+157%), from €4,966 to €12,779
- Cash +€5,422
up €5,422 (+39.7%), from €13,650 to €19,072
mainly Net result for the year (+€11,130) and Tax, wage and social debts (+€2,089)
- Profit (loss) carried forward +€11,130
up €11,130 (+45.4%), from -€24,509 to -€13,379
- Tax, wage and social debts +€2,089
up €2,089 (+106%), from €1,965 to €4,055
- Debts after one year -€1,539
down €1,539 (-5.2%), from €29,429 to €27,890
- Trade debts +€976
up €976 (+227%), from €430 to €1,406
- Other operating charges -€1,762
down €1,762 (-54.5%), from €3,236 to €1,474
- Gross operating margin +€496
up €496 (+3.9%), from €12,586 to €13,082
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 | €27,315 | €39,971 | +€12,656 | +46.3% |
| Fixed assets | 21/28 | €959 | €601 | -€358 | -37.3% |
| Tangible fixed assets | 22/27 | €959 | €601 | -€358 | -37.3% |
| Furniture and vehicles | 24 | €959 | €601 | -€358 | -37.3% |
| Current assets | 29/58 | €26,356 | €39,370 | +€13,014 | +49.4% |
| Stocks and contracts in progress | 3 | €7,741 | €7,519 | -€222 | -2.9% |
| Stocks | 30/36 | €7,741 | €7,519 | -€222 | -2.9% |
| Amounts receivable within one year | 40/41 | €4,966 | €12,779 | +€7,813 | +157% |
| Trade receivables | 40 | €4,966 | €12,779 | +€7,813 | +157% |
| Cash at bank and in hand | 54/58 | €13,650 | €19,072 | +€5,422 | +39.7% |
| Total equity and liabilities | 10/49 | €27,315 | €39,971 | +€12,656 | +46.3% |
| Equity | 10/15 | -€4,509 | €6,621 | +€11,130 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,509 | -€13,379 | +€11,130 | +45.4% |
| Amounts payable | 17/49 | €31,824 | €33,350 | +€1,526 | +4.8% |
| Amounts payable after more than one year | 17 | €29,429 | €27,890 | -€1,539 | -5.2% |
| Other amounts payable | 178/9 | €29,429 | €27,890 | -€1,539 | -5.2% |
| Amounts payable within one year | 42/48 | €2,395 | €5,461 | +€3,065 | +128% |
| Trade debts | 44 | €430 | €1,406 | +€976 | +227% |
| Suppliers | 440/4 | €430 | €1,406 | +€976 | +227% |
| Taxes, remuneration and social security | 45 | €1,965 | €4,055 | +€2,089 | +106% |
| Taxes | 450/3 | €1,965 | €4,055 | +€2,089 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €488 | €358 | -€130 | -26.6% |
| Other operating charges | 640/8 | €3,236 | €1,474 | -€1,762 | -54.5% |
| Gross operating margin | 9900 | €12,586 | €13,082 | +€496 | +3.9% |
| Operating profit (loss) | 9901 | €8,862 | €11,250 | +€2,388 | +26.9% |
| Financial income | 75/76B | €4 | €0 | -€4 | -94.5% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -94.5% |
| Financial charges | 65/66B | €83 | €120 | +€38 | +45.3% |
| Recurring financial charges | 65 | €83 | €120 | +€38 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €8,783 | €11,130 | +€2,346 | +26.7% |
| Profit (loss) for the period | 9904 | €8,783 | €11,130 | +€2,346 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,783 | €11,130 | +€2,346 | +26.7% |
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 22 October 2026 via checked.be.