4Summits Management: 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.
4Summits Management
Largest movements
- Receivables within one year -€37,161
down €37,161 (-93.4%), from €39,797 to €2,636
of which Trade receivables: -€39,795
- Cash -€21,857
down €21,857 (-35.0%), from €62,508 to €40,650
mainly Tax, wage and social debts (-€45,796) and Trade debts (-€16,950)
- Formation expenses -€1,452
down €1,452 (-100.0%), from €1,452 to €0
- Tax, wage and social debts -€45,796
down €45,796 (-88.5%), from €51,775 to €5,979
of which Taxes: -€28,566
- Trade debts -€16,950
down €16,950 (-89.5%), from €18,941 to €1,991
- Reserves +€4,377
up €4,377 (+16.1%), from €27,108 to €31,486
- Other debts -€1,576
down €1,576 (-100.0%), from €1,576 to €0
- Gross operating margin -€22,620
down €22,620 (-69.2%), from €32,696 to €10,076
- Depreciation +€2,156
up €2,156 (+1082.4%), from €199 to €2,355
- Taxes -€2,035
down €2,035 (-50.8%), from €4,007 to €1,972
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 | €109,401 | €49,456 | -€59,945 | -54.8% |
| Formation expenses | 20 | €1,452 | €0 | -€1,452 | -100.0% |
| Fixed assets | 21/28 | €2,188 | €2,578 | +€390 | +17.8% |
| Tangible fixed assets | 22/27 | €2,188 | €2,578 | +€390 | +17.8% |
| Land and buildings | 22 | - | €1,186 | +€1,186 | |
| Plant, machinery and equipment | 23 | €1,137 | €716 | -€421 | -37.0% |
| Furniture and vehicles | 24 | €1,051 | €676 | -€374 | -35.6% |
| Current assets | 29/58 | €105,761 | €46,878 | -€58,883 | -55.7% |
| Amounts receivable within one year | 40/41 | €39,797 | €2,636 | -€37,161 | -93.4% |
| Trade receivables | 40 | €39,795 | €0 | -€39,795 | -100.0% |
| Other amounts receivable | 41 | €2 | €2,636 | +€2,634 | +125405.2% |
| Cash at bank and in hand | 54/58 | €62,508 | €40,650 | -€21,857 | -35.0% |
| Deferred charges and accrued income | 490/1 | €3,457 | €3,592 | +€135 | +3.9% |
| Total equity and liabilities | 10/49 | €109,401 | €49,456 | -€59,945 | -54.8% |
| Equity | 10/15 | €37,108 | €41,486 | +€4,377 | +11.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €27,108 | €31,486 | +€4,377 | +16.1% |
| Distributable reserves | 133 | €27,108 | €31,486 | +€4,377 | +16.1% |
| Amounts payable | 17/49 | €72,293 | €7,970 | -€64,322 | -89.0% |
| Amounts payable within one year | 42/48 | €72,293 | €7,970 | -€64,322 | -89.0% |
| Trade debts | 44 | €18,941 | €1,991 | -€16,950 | -89.5% |
| Suppliers | 440/4 | €18,941 | €1,991 | -€16,950 | -89.5% |
| Taxes, remuneration and social security | 45 | €51,775 | €5,979 | -€45,796 | -88.5% |
| Taxes | 450/3 | €34,545 | €5,979 | -€28,566 | -82.7% |
| Remuneration and social security | 454/9 | €17,230 | €0 | -€17,230 | -100.0% |
| Other amounts payable | 47/48 | €1,576 | €0 | -€1,576 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199 | €2,355 | +€2,156 | +1082.4% |
| Other operating charges | 640/8 | €515 | €287 | -€228 | -44.3% |
| Gross operating margin | 9900 | €32,696 | €10,076 | -€22,620 | -69.2% |
| Operating profit (loss) | 9901 | €31,982 | €7,434 | -€24,548 | -76.8% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €866 | €1,089 | +€223 | +25.7% |
| Recurring financial charges | 65 | €866 | €1,089 | +€223 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €31,115 | €6,350 | -€24,766 | -79.6% |
| Income taxes | 67/77 | €4,007 | €1,972 | -€2,035 | -50.8% |
| Profit (loss) for the period | 9904 | €27,108 | €4,377 | -€22,731 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,108 | €4,377 | -€22,731 | -83.9% |
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 10 October 2026 via checked.be.