4SPROJECT: 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.
4SPROJECT
Largest movements
- Receivables within one year +€16,378
up €16,378 (+81.4%), from €20,126 to €36,505
of which Trade receivables: +€16,307
- Tangible fixed assets -€2,706
down €2,706 (-28.4%), from €9,515 to €6,809
- Cash +€1,248
up €1,248 (+28.7%), from €4,350 to €5,598
mainly Tax, wage and social debts (+€24,630) and Trade debts (+€5,937)
- Deferred charges and accrued income +€833
up €833 (+140%), from €594 to €1,428
- Tax, wage and social debts +€24,630
up €24,630 (+358%), from €6,889 to €31,518
of which Taxes: +€14,988
- Other debts -€15,498
down €15,498 (-45.1%), from €34,367 to €18,869
- Trade debts +€5,937
up €5,937 (+237%), from €2,509 to €8,446
- Profit (loss) carried forward +€686
up €686 (+3.5%), from -€19,699 to -€19,013
- Gross operating margin +€6,323
up €6,323 (+45.5%), from €13,883 to €20,206
- Other operating charges +€2,571
up €2,571 (+290%), from €887 to €3,458
- Taxes +€2,441
new in 2024: €2,441
- Staff costs -€2,211
down €2,211 (-21.9%), from €10,081 to €7,870
- Depreciation +€1,723
up €1,723 (+83.9%), from €2,053 to €3,776
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,315 | €53,069 | +€15,754 | +42.2% |
| Fixed assets | 21/28 | €12,245 | €9,539 | -€2,706 | -22.1% |
| Tangible fixed assets | 22/27 | €9,515 | €6,809 | -€2,706 | -28.4% |
| Furniture and vehicles | 24 | €9,515 | €6,809 | -€2,706 | -28.4% |
| Financial fixed assets | 28 | €2,730 | €2,730 | = | 0.0% |
| Current assets | 29/58 | €25,071 | €43,530 | +€18,460 | +73.6% |
| Amounts receivable within one year | 40/41 | €20,126 | €36,505 | +€16,378 | +81.4% |
| Trade receivables | 40 | €20,126 | €36,434 | +€16,307 | +81.0% |
| Other amounts receivable | 41 | - | €71 | +€71 | |
| Cash at bank and in hand | 54/58 | €4,350 | €5,598 | +€1,248 | +28.7% |
| Deferred charges and accrued income | 490/1 | €594 | €1,428 | +€833 | +140% |
| Total equity and liabilities | 10/49 | €37,315 | €53,069 | +€15,754 | +42.2% |
| Equity | 10/15 | -€6,449 | -€5,763 | +€686 | +10.6% |
| Contributions | 10/11 | €13,250 | €13,250 | = | 0.0% |
| Contributions outside capital | 11 | €13,250 | €13,250 | = | 0.0% |
| Share premium | 1100/10 | €12,250 | €12,250 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,699 | -€19,013 | +€686 | +3.5% |
| Amounts payable | 17/49 | €43,764 | €58,833 | +€15,068 | +34.4% |
| Amounts payable within one year | 42/48 | €43,764 | €58,833 | +€15,068 | +34.4% |
| Trade debts | 44 | €2,509 | €8,446 | +€5,937 | +237% |
| Suppliers | 440/4 | €2,509 | €8,446 | +€5,937 | +237% |
| Taxes, remuneration and social security | 45 | €6,889 | €31,518 | +€24,630 | +358% |
| Taxes | 450/3 | €4,530 | €19,518 | +€14,988 | +331% |
| Remuneration and social security | 454/9 | €2,359 | €12,000 | +€9,641 | +409% |
| Other amounts payable | 47/48 | €34,367 | €18,869 | -€15,498 | -45.1% |
| Remuneration, social security and pensions | 62 | €10,081 | €7,870 | -€2,211 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,053 | €3,776 | +€1,723 | +83.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,385 | +€1,385 | |
| Other operating charges | 640/8 | €887 | €3,458 | +€2,571 | +290% |
| Gross operating margin | 9900 | €13,883 | €20,206 | +€6,323 | +45.5% |
| Operating profit (loss) | 9901 | €862 | €3,716 | +€2,854 | +331% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €156 | €590 | +€434 | +278% |
| Recurring financial charges | 65 | €156 | €590 | +€434 | +278% |
| Profit (loss) for the period before taxes | 9903 | €707 | €3,126 | +€2,419 | +342% |
| Income taxes | 67/77 | - | €2,441 | +€2,441 | |
| Profit (loss) for the period | 9904 | €707 | €686 | -€21 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €707 | €686 | -€21 | -3.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.