4strings: 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.
4strings
Largest movements
- Cash -€68,703
down €68,703 (-83.5%), from €82,320 to €13,617
mainly Contributions, distributions and other (-€81,240) and Other debts (-€20,570)
- Stocks and contracts -€8,706
down €8,706 (-58.6%), from €14,855 to €6,149
- Deferred charges and accrued income +€6,134
up €6,134 (+694.8%), from €883 to €7,017
- Receivables within one year -€3,983
down €3,983 (-12.6%), from €31,505 to €27,523
of which Trade receivables: -€7,592
- Profit (loss) carried forward -€57,317
down €57,317 (-100.0%), from €57,317 to €0
- Other debts -€20,570
down €20,570 (-80.3%), from €25,629 to €5,059
- Accrued charges and deferred income +€2,516
new in 2025: €2,516
- Tax, wage and social debts -€1,443
down €1,443 (-19.9%), from €7,267 to €5,824
- Gross operating margin +€17,208
up €17,208 (+108.3%), from €15,893 to €33,101
- Taxes +€2,697
up €2,697 (+80.4%), from €3,355 to €6,051
- Other operating charges +€697
up €697 (+278.1%), from €251 to €948
- Financial income -€513
down €513 (-100.0%), from €513 to €0
- Depreciation -€513
down €513 (-19.4%), from €2,641 to €2,128
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 | €134,142 | €58,099 | -€76,043 | -56.7% |
| Fixed assets | 21/28 | €4,578 | €3,792 | -€786 | -17.2% |
| Tangible fixed assets | 22/27 | €3,778 | €2,992 | -€786 | -20.8% |
| Plant, machinery and equipment | 23 | - | €1,190 | +€1,190 | |
| Furniture and vehicles | 24 | €3,778 | €1,803 | -€1,976 | -52.3% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €129,563 | €54,307 | -€75,257 | -58.1% |
| Stocks and contracts in progress | 3 | €14,855 | €6,149 | -€8,706 | -58.6% |
| Stocks | 30/36 | €14,855 | €6,149 | -€8,706 | -58.6% |
| Amounts receivable within one year | 40/41 | €31,505 | €27,523 | -€3,983 | -12.6% |
| Trade receivables | 40 | €7,643 | €51 | -€7,592 | -99.3% |
| Other amounts receivable | 41 | €23,862 | €27,472 | +€3,610 | +15.1% |
| Cash at bank and in hand | 54/58 | €82,320 | €13,617 | -€68,703 | -83.5% |
| Deferred charges and accrued income | 490/1 | €883 | €7,017 | +€6,134 | +694.8% |
| Total equity and liabilities | 10/49 | €134,142 | €58,099 | -€76,043 | -56.7% |
| Equity | 10/15 | €95,047 | €37,730 | -€57,317 | -60.3% |
| Contributions | 10/11 | €34,300 | €34,300 | = | 0.0% |
| Reserves | 13 | €3,430 | €3,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,430 | €3,430 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,430 | €3,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,317 | €0 | -€57,317 | -100.0% |
| Amounts payable | 17/49 | €39,095 | €20,369 | -€18,726 | -47.9% |
| Amounts payable within one year | 42/48 | €39,095 | €17,853 | -€21,242 | -54.3% |
| Trade debts | 44 | €6,200 | €6,970 | +€771 | +12.4% |
| Suppliers | 440/4 | €6,200 | €6,970 | +€771 | +12.4% |
| Taxes, remuneration and social security | 45 | €7,267 | €5,824 | -€1,443 | -19.9% |
| Taxes | 450/3 | €7,267 | €5,824 | -€1,443 | -19.9% |
| Other amounts payable | 47/48 | €25,629 | €5,059 | -€20,570 | -80.3% |
| Accrued charges and deferred income | 492/3 | - | €2,516 | +€2,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,641 | €2,128 | -€513 | -19.4% |
| Other operating charges | 640/8 | €251 | €948 | +€697 | +278.1% |
| Gross operating margin | 9900 | €15,893 | €33,101 | +€17,208 | +108.3% |
| Operating profit (loss) | 9901 | €13,002 | €30,026 | +€17,024 | +130.9% |
| Financial income | 75/76B | €513 | €0 | -€513 | -100.0% |
| Recurring financial income | 75 | €513 | €0 | -€513 | -100.0% |
| Financial charges | 65/66B | €57 | €50 | -€6 | -10.9% |
| Recurring financial charges | 65 | €57 | €50 | -€6 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €13,459 | €29,975 | +€16,517 | +122.7% |
| Income taxes | 67/77 | €3,355 | €6,051 | +€2,697 | +80.4% |
| Profit (loss) for the period | 9904 | €10,104 | €23,924 | +€13,820 | +136.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,104 | €23,924 | +€13,820 | +136.8% |
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 8 October 2026 via checked.be.