4Sano: what changed
Two fiscal 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.
4Sano
Largest movements
- Receivables within one year -€28,360
down €28,360 (-74.4%), from €38,108 to €9,748
of which Trade receivables: -€28,152
- Cash -€3,706
down €3,706 (-3.8%), from €98,403 to €94,697
mainly Contributions, distributions and other (-€94,481) and Other debts (-€33,253)
- Other debts -€33,253
down €33,253 (-28.8%), from €115,545 to €82,292
- Gross operating margin -€26,924
down €26,924 (-17.8%), from €151,564 to €124,640
- Taxes -€6,321
down €6,321 (-18.5%), from €34,195 to €27,874
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.
Cash bridge derived
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 | €140,714 | €108,242 | -€32,472 | -23.1% |
| Fixed assets | 21/28 | €3,396 | €2,854 | -€542 | -16.0% |
| Tangible fixed assets | 22/27 | €3,396 | €2,854 | -€542 | -16.0% |
| Furniture and vehicles | 24 | €3,396 | €2,854 | -€542 | -16.0% |
| Current assets | 29/58 | €137,318 | €105,388 | -€31,930 | -23.3% |
| Amounts receivable within one year | 40/41 | €38,108 | €9,748 | -€28,360 | -74.4% |
| Trade receivables | 40 | €36,950 | €8,798 | -€28,152 | -76.2% |
| Other amounts receivable | 41 | €1,158 | €951 | -€208 | -17.9% |
| Cash at bank and in hand | 54/58 | €98,403 | €94,697 | -€3,706 | -3.8% |
| Deferred charges and accrued income | 490/1 | €807 | €942 | +€135 | +16.7% |
| Total equity and liabilities | 10/49 | €140,714 | €108,242 | -€32,472 | -23.1% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €120,254 | €87,782 | -€32,472 | -27.0% |
| Amounts payable within one year | 42/48 | €120,254 | €87,782 | -€32,472 | -27.0% |
| Trade debts | 44 | €514 | €1,295 | +€781 | +152.0% |
| Suppliers | 440/4 | €514 | €1,295 | +€781 | +152.0% |
| Taxes, remuneration and social security | 45 | €4,195 | €4,195 | = | 0.0% |
| Taxes | 450/3 | €4,195 | €4,195 | = | 0.0% |
| Other amounts payable | 47/48 | €115,545 | €82,292 | -€33,253 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €935 | €1,043 | +€108 | +11.6% |
| Other operating charges | 640/8 | €968 | €1,152 | +€184 | +19.0% |
| Gross operating margin | 9900 | €151,564 | €124,640 | -€26,924 | -17.8% |
| Operating profit (loss) | 9901 | €149,661 | €122,445 | -€27,216 | -18.2% |
| Financial income | 75/76B | €14 | €64 | +€51 | +375.6% |
| Recurring financial income | 75 | €14 | €64 | +€51 | +375.6% |
| Financial charges | 65/66B | €247 | €154 | -€93 | -37.8% |
| Recurring financial charges | 65 | €247 | €154 | -€93 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €149,427 | €122,356 | -€27,072 | -18.1% |
| Income taxes | 67/77 | €34,195 | €27,874 | -€6,321 | -18.5% |
| Profit (loss) for the period | 9904 | €115,232 | €94,481 | -€20,751 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €115,232 | €94,481 | -€20,751 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.