4th Man Finance: 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.
4th Man Finance
Largest movements
- Cash +€24,326
up €24,326 (+148%), from €16,434 to €40,759
mainly Net result for the year (+€13,987) and Investment in fixed assets (net) (+€12,254)
- Tangible fixed assets -€12,910
down €12,910 (-90.7%), from €14,240 to €1,330
of which Furniture and vehicles: -€12,608
- Receivables within one year +€6,791
up €6,791 (+32.1%), from €21,153 to €27,944
of which Trade receivables: +€6,707
- Deferred charges and accrued income +€1,515
up €1,515 (+127%), from €1,194 to €2,709
- Reserves +€13,154
up €13,154 (+73.6%), from €17,863 to €31,017
- Other debts +€5,865
up €5,865 (+67.1%), from €8,745 to €14,611
- Current portion of long-term debt -€5,046
no longer reported in 2025 (was €5,046)
- Tax, wage and social debts +€4,734
up €4,734 (+44.7%), from €10,584 to €15,318
- Trade debts +€919
up €919 (+253%), from €364 to €1,283
- Gross operating margin -€9,693
down €9,693 (-29.9%), from €32,453 to €22,760
- Depreciation -€4,660
down €4,660 (-87.6%), from €5,317 to €657
- Financial charges +€1,281
up €1,281 (+86.9%), from €1,473 to €2,754
- Financial income +€1,074
up €1,074 (+3,682%), from €29 to €1,103
of which Non-recurring financial income: +€984
- Taxes -€1,074
down €1,074 (-17.9%), from €6,005 to €4,932
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.
Derived cash bridge
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 | €53,022 | €72,743 | +€19,722 | +37.2% |
| Fixed assets | 21/28 | €14,240 | €1,330 | -€12,910 | -90.7% |
| Tangible fixed assets | 22/27 | €14,240 | €1,330 | -€12,910 | -90.7% |
| Furniture and vehicles | 24 | €13,092 | €484 | -€12,608 | -96.3% |
| Other tangible fixed assets | 26 | €1,149 | €846 | -€302 | -26.3% |
| Current assets | 29/58 | €38,781 | €71,413 | +€32,632 | +84.1% |
| Amounts receivable within one year | 40/41 | €21,153 | €27,944 | +€6,791 | +32.1% |
| Trade receivables | 40 | €21,149 | €27,856 | +€6,707 | +31.7% |
| Other amounts receivable | 41 | €4 | €88 | +€84 | +1,877% |
| Cash at bank and in hand | 54/58 | €16,434 | €40,759 | +€24,326 | +148% |
| Deferred charges and accrued income | 490/1 | €1,194 | €2,709 | +€1,515 | +127% |
| Total equity and liabilities | 10/49 | €53,022 | €72,743 | +€19,722 | +37.2% |
| Equity | 10/15 | €27,863 | €41,017 | +€13,154 | +47.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €17,863 | €31,017 | +€13,154 | +73.6% |
| Distributable reserves | 133 | €17,863 | €31,017 | +€13,154 | +73.6% |
| Amounts payable | 17/49 | €25,158 | €31,726 | +€6,568 | +26.1% |
| Amounts payable within one year | 42/48 | €24,739 | €31,212 | +€6,472 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €5,046 | - | -€5,046 | |
| Trade debts | 44 | €364 | €1,283 | +€919 | +253% |
| Suppliers | 440/4 | €364 | €1,283 | +€919 | +253% |
| Taxes, remuneration and social security | 45 | €10,584 | €15,318 | +€4,734 | +44.7% |
| Taxes | 450/3 | €10,584 | €15,318 | +€4,734 | +44.7% |
| Other amounts payable | 47/48 | €8,745 | €14,611 | +€5,865 | +67.1% |
| Accrued charges and deferred income | 492/3 | €419 | €514 | +€95 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,317 | €657 | -€4,660 | -87.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €419 | +€419 | |
| Other operating charges | 640/8 | €990 | €1,114 | +€125 | +12.6% |
| Gross operating margin | 9900 | €32,453 | €22,760 | -€9,693 | -29.9% |
| Operating profit (loss) | 9901 | €26,146 | €20,569 | -€5,576 | -21.3% |
| Financial income | 75/76B | €29 | €1,103 | +€1,074 | +3,682% |
| Recurring financial income | 75 | €29 | €119 | +€90 | +308% |
| Non-recurring financial income | 76B | - | €984 | +€984 | |
| Financial charges | 65/66B | €1,473 | €2,754 | +€1,281 | +86.9% |
| Recurring financial charges | 65 | €1,473 | €2,754 | +€1,281 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €24,702 | €18,919 | -€5,783 | -23.4% |
| Income taxes | 67/77 | €6,005 | €4,932 | -€1,074 | -17.9% |
| Profit (loss) for the period | 9904 | €18,696 | €13,987 | -€4,709 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,696 | €13,987 | -€4,709 | -25.2% |
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 31 October 2026 via checked.be.