4SAP: 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.
4SAP
Largest movements
- Cash +€13,964
up €13,964 (+9.4%), from €148,255 to €162,219
mainly Net result for the year (+€58,607) and Other debts (+€10,151)
- Receivables within one year +€11,240
up €11,240 (+51.3%), from €21,913 to €33,153
of which Trade receivables: +€11,059
- Receivables after one year -€5,843
down €5,843 (-4.2%), from €138,402 to €132,560
- Other debts +€10,151
up €10,151 (+16.8%), from €60,392 to €70,542
- Tax, wage and social debts +€7,580
up €7,580 (+23.9%), from €31,768 to €39,348
of which Taxes: +€9,980
- Gross operating margin -€9,376
down €9,376 (-10.6%), from €88,803 to €79,427
- Taxes -€1,786
down €1,786 (-6.8%), from €26,104 to €24,318
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 | €310,189 | €328,884 | +€18,695 | +6.0% |
| Fixed assets | 21/28 | €1,619 | €952 | -€667 | -41.2% |
| Tangible fixed assets | 22/27 | €1,619 | €952 | -€667 | -41.2% |
| Plant, machinery and equipment | 23 | €1,374 | €879 | -€496 | -36.1% |
| Furniture and vehicles | 24 | €245 | €74 | -€171 | -69.9% |
| Current assets | 29/58 | €308,570 | €327,932 | +€19,362 | +6.3% |
| Amounts receivable after more than one year | 29 | €138,402 | €132,560 | -€5,843 | -4.2% |
| Other amounts receivable | 291 | €138,402 | €132,560 | -€5,843 | -4.2% |
| Amounts receivable within one year | 40/41 | €21,913 | €33,153 | +€11,240 | +51.3% |
| Trade receivables | 40 | €16,251 | €27,310 | +€11,059 | +68.1% |
| Other amounts receivable | 41 | €5,662 | €5,843 | +€181 | +3.2% |
| Cash at bank and in hand | 54/58 | €148,255 | €162,219 | +€13,964 | +9.4% |
| Total equity and liabilities | 10/49 | €310,189 | €328,884 | +€18,695 | +6.0% |
| Equity | 10/15 | €217,715 | €215,549 | -€2,166 | -1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €204,849 | €202,683 | -€2,166 | -1.1% |
| Distributable reserves | 133 | €204,849 | €202,683 | -€2,166 | -1.1% |
| Profit (loss) carried forward | 14 | €466 | €466 | = | 0.0% |
| Amounts payable | 17/49 | €92,475 | €113,335 | +€20,861 | +22.6% |
| Amounts payable within one year | 42/48 | €92,160 | €113,010 | +€20,851 | +22.6% |
| Trade debts | 44 | - | €3,120 | +€3,120 | |
| Suppliers | 440/4 | - | €3,120 | +€3,120 | |
| Taxes, remuneration and social security | 45 | €31,768 | €39,348 | +€7,580 | +23.9% |
| Taxes | 450/3 | €19,168 | €29,148 | +€9,980 | +52.1% |
| Remuneration and social security | 454/9 | €12,600 | €10,200 | -€2,400 | -19.0% |
| Other amounts payable | 47/48 | €60,392 | €70,542 | +€10,151 | +16.8% |
| Accrued charges and deferred income | 492/3 | €315 | €325 | +€10 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €667 | +€383 | +135.2% |
| Other operating charges | 640/8 | €78 | €80 | +€2 | +2.4% |
| Gross operating margin | 9900 | €88,803 | €79,427 | -€9,376 | -10.6% |
| Operating profit (loss) | 9901 | €88,441 | €78,680 | -€9,761 | -11.0% |
| Financial income | 75/76B | €4,632 | €4,457 | -€175 | -3.8% |
| Recurring financial income | 75 | €4,632 | €4,457 | -€175 | -3.8% |
| Financial charges | 65/66B | €349 | €211 | -€138 | -39.5% |
| Recurring financial charges | 65 | €349 | €211 | -€138 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €92,724 | €82,925 | -€9,798 | -10.6% |
| Income taxes | 67/77 | €26,104 | €24,318 | -€1,786 | -6.8% |
| Profit (loss) for the period | 9904 | €66,619 | €58,607 | -€8,012 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,619 | €58,607 | -€8,012 | -12.0% |
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 11 October 2026 via checked.be.