4WINDS: 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.
4WINDS
Largest movements
- Cash -€13,283
down €13,283 (-68.9%), from €19,277 to €5,994
mainly Trade debts (-€4,266) and Tax, wage and social debts (-€3,747)
- Intangible fixed assets +€3,002
up €3,002 (+187.9%), from €1,598 to €4,599
- Trade debts -€4,266
down €4,266 (-42.3%), from €10,088 to €5,821
- Tax, wage and social debts -€3,747
down €3,747 (-38.6%), from €9,718 to €5,972
of which Remuneration and social security: -€3,389
- Short-term financial debts -€3,210
down €3,210 (-86.5%), from €3,710 to €500
- Other debts -€1,152
down €1,152 (-1.3%), from €87,768 to €86,616
- Gross operating margin -€18,210
down €18,210 (-58.8%), from €30,955 to €12,744
- Staff costs -€10,417
down €10,417 (-53.7%), from €19,413 to €8,995
- Taxes -€2,073
down €2,073 (-58.9%), from €3,517 to €1,444
- Other operating charges -€399
down €399 (-100.0%), from €399 to €0
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 | €104,889 | €93,030 | -€11,859 | -11.3% |
| Fixed assets | 21/28 | €1,748 | €4,749 | +€3,002 | +171.8% |
| Intangible fixed assets | 21 | €1,598 | €4,599 | +€3,002 | +187.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €103,142 | €88,281 | -€14,861 | -14.4% |
| Amounts receivable within one year | 40/41 | €81,446 | €80,812 | -€634 | -0.8% |
| Trade receivables | 40 | €77,127 | €76,742 | -€384 | -0.5% |
| Other amounts receivable | 41 | €4,319 | €4,070 | -€249 | -5.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €19,277 | €5,994 | -€13,283 | -68.9% |
| Deferred charges and accrued income | 490/1 | €2,419 | €1,475 | -€944 | -39.0% |
| Total equity and liabilities | 10/49 | €104,889 | €93,030 | -€11,859 | -11.3% |
| Equity | 10/15 | -€6,394 | -€5,879 | +€516 | +8.1% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,254 | -€16,739 | +€516 | +3.0% |
| Amounts payable | 17/49 | €111,284 | €98,909 | -€12,375 | -11.1% |
| Amounts payable within one year | 42/48 | €111,284 | €98,909 | -€12,375 | -11.1% |
| Financial debts | 43 | €3,710 | €500 | -€3,210 | -86.5% |
| Credit institutions | 430/8 | €3,710 | €500 | -€3,210 | -86.5% |
| Trade debts | 44 | €10,088 | €5,821 | -€4,266 | -42.3% |
| Suppliers | 440/4 | €10,088 | €5,821 | -€4,266 | -42.3% |
| Taxes, remuneration and social security | 45 | €9,718 | €5,972 | -€3,747 | -38.6% |
| Taxes | 450/3 | €6,329 | €5,972 | -€357 | -5.6% |
| Remuneration and social security | 454/9 | €3,389 | €0 | -€3,389 | -100.0% |
| Other amounts payable | 47/48 | €87,768 | €86,616 | -€1,152 | -1.3% |
| Remuneration, social security and pensions | 62 | €19,413 | €8,995 | -€10,417 | -53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468 | €598 | +€130 | +27.8% |
| Other operating charges | 640/8 | €399 | €0 | -€399 | -100.0% |
| Non-recurring operating charges | 66A | - | €933 | +€933 | |
| Gross operating margin | 9900 | €30,955 | €12,744 | -€18,210 | -58.8% |
| Operating profit (loss) | 9901 | €10,675 | €2,218 | -€8,457 | -79.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +25.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +25.0% |
| Financial charges | 65/66B | €180 | €258 | +€78 | +43.3% |
| Recurring financial charges | 65 | €180 | €258 | +€78 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €10,495 | €1,959 | -€8,535 | -81.3% |
| Income taxes | 67/77 | €3,517 | €1,444 | -€2,073 | -58.9% |
| Profit (loss) for the period | 9904 | €6,978 | €516 | -€6,462 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,978 | €516 | -€6,462 | -92.6% |
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.