4T: 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.
4T
Largest movements
- Cash +€30,910
up €30,910 (+1283.4%), from €2,409 to €33,318
mainly Net result for the year (+€27,356) and Tax, wage and social debts (+€7,334)
- Receivables within one year +€6,384
up €6,384 (+32.3%), from €19,743 to €26,127
of which Trade receivables: +€6,501
- Deferred charges and accrued income +€1,376
new in 2025: €1,376
- Profit (loss) carried forward +€27,356
up €27,356, from -€23,823 to €3,533
- Tax, wage and social debts +€7,334
up €7,334 (+115.2%), from €6,367 to €13,701
of which Remuneration and social security: +€4,301
- Other debts +€2,801
up €2,801 (+201.8%), from €1,388 to €4,189
- Trade debts +€1,179
up €1,179 (+6.2%), from €19,121 to €20,300
- Gross operating margin +€56,501
up €56,501 (+351.3%), from €16,084 to €72,585
- Staff costs +€9,556
up €9,556 (+31.1%), from €30,728 to €40,284
- Taxes +€3,033
new in 2025: €3,033
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 | €22,152 | €60,821 | +€38,670 | +174.6% |
| Current assets | 29/58 | €22,152 | €60,821 | +€38,670 | +174.6% |
| Amounts receivable within one year | 40/41 | €19,743 | €26,127 | +€6,384 | +32.3% |
| Trade receivables | 40 | €18,515 | €25,016 | +€6,501 | +35.1% |
| Other amounts receivable | 41 | €1,228 | €1,111 | -€117 | -9.5% |
| Cash at bank and in hand | 54/58 | €2,409 | €33,318 | +€30,910 | +1283.4% |
| Deferred charges and accrued income | 490/1 | - | €1,376 | +€1,376 | |
| Total equity and liabilities | 10/49 | €22,152 | €60,821 | +€38,670 | +174.6% |
| Equity | 10/15 | -€4,725 | €22,631 | +€27,356 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €498 | €498 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €498 | €498 | +€0 | 0.0% |
| Legal reserve | 130 | €498 | - | -€498 | |
| Reserves not available under the articles | 1311 | - | €498 | +€498 | |
| Profit (loss) carried forward | 14 | -€23,823 | €3,533 | +€27,356 | |
| Amounts payable | 17/49 | €26,877 | €38,190 | +€11,313 | +42.1% |
| Amounts payable within one year | 42/48 | €26,877 | €38,190 | +€11,313 | +42.1% |
| Trade debts | 44 | €19,121 | €20,300 | +€1,179 | +6.2% |
| Suppliers | 440/4 | €19,121 | €20,300 | +€1,179 | +6.2% |
| Taxes, remuneration and social security | 45 | €6,367 | €13,701 | +€7,334 | +115.2% |
| Taxes | 450/3 | €256 | €3,289 | +€3,033 | +1183.6% |
| Remuneration and social security | 454/9 | €6,111 | €10,412 | +€4,301 | +70.4% |
| Other amounts payable | 47/48 | €1,388 | €4,189 | +€2,801 | +201.8% |
| Remuneration, social security and pensions | 62 | €30,728 | €40,284 | +€9,556 | +31.1% |
| Other operating charges | 640/8 | €527 | €1,131 | +€604 | +114.6% |
| Gross operating margin | 9900 | €16,084 | €72,585 | +€56,501 | +351.3% |
| Operating profit (loss) | 9901 | -€15,171 | €31,170 | +€46,341 | |
| Financial charges | 65/66B | €93 | €781 | +€688 | +740.8% |
| Recurring financial charges | 65 | €93 | €781 | +€688 | +740.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,264 | €30,389 | +€45,653 | |
| Income taxes | 67/77 | - | €3,033 | +€3,033 | |
| Profit (loss) for the period | 9904 | -€15,264 | €27,356 | +€42,620 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,264 | €27,356 | +€42,620 |
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.