F4V Consulting: 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.
F4V Consulting
Largest movements
- Cash -€13,858
no longer reported in 2025 (was €13,858)
mainly Net result for the year (-€42,655) and Tax, wage and social debts (-€18,574)
- Tangible fixed assets -€11,141
down €11,141 (-23.9%), from €46,544 to €35,403
- Receivables after one year -€10,000
down €10,000 (-7.9%), from €126,000 to €116,000
- Receivables within one year -€4,988
down €4,988 (-13.6%), from €36,570 to €31,582
of which Trade receivables: -€5,354
- Deferred charges and accrued income +€2,547
up €2,547 (+44.1%), from €5,769 to €8,316
- Profit (loss) carried forward -€40,655
down €40,655, from €91 to -€40,564
- Debts after one year +€20,030
up €20,030 (+59.2%), from €33,855 to €53,886
- Tax, wage and social debts -€18,574
down €18,574 (-94.1%), from €19,736 to €1,161
- Other debts +€3,434
up €3,434 (+526%), from €653 to €4,087
- Short-term financial debts +€2,935
up €2,935 (+28.9%), from €10,153 to €13,088
of which Credit institutions: +€13,088
- Gross operating margin -€68,627
down €68,627, from €39,852 to -€28,775
- Other operating charges -€11,090
down €11,090 (-92.3%), from €12,018 to €928
- Taxes -€5,598
down €5,598 (-96.4%), from €5,809 to €211
- Depreciation +€1,979
up €1,979 (+21.6%), from €9,163 to €11,141
- Financial charges +€1,042
up €1,042 (+33.9%), from €3,077 to €4,120
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 | €228,741 | €191,301 | -€37,440 | -16.4% |
| Fixed assets | 21/28 | €46,544 | €35,403 | -€11,141 | -23.9% |
| Tangible fixed assets | 22/27 | €46,544 | €35,403 | -€11,141 | -23.9% |
| Furniture and vehicles | 24 | €46,544 | €35,403 | -€11,141 | -23.9% |
| Current assets | 29/58 | €182,197 | €155,898 | -€26,299 | -14.4% |
| Amounts receivable after more than one year | 29 | €126,000 | €116,000 | -€10,000 | -7.9% |
| Other amounts receivable | 291 | €126,000 | €116,000 | -€10,000 | -7.9% |
| Amounts receivable within one year | 40/41 | €36,570 | €31,582 | -€4,988 | -13.6% |
| Trade receivables | 40 | €32,379 | €27,024 | -€5,354 | -16.5% |
| Other amounts receivable | 41 | €4,191 | €4,558 | +€366 | +8.7% |
| Cash at bank and in hand | 54/58 | €13,858 | - | -€13,858 | |
| Deferred charges and accrued income | 490/1 | €5,769 | €8,316 | +€2,547 | +44.1% |
| Total equity and liabilities | 10/49 | €228,741 | €191,301 | -€37,440 | -16.4% |
| Equity | 10/15 | €148,491 | €105,836 | -€42,655 | -28.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €128,400 | €126,400 | -€2,000 | -1.6% |
| Distributable reserves | 133 | €128,400 | €126,400 | -€2,000 | -1.6% |
| Profit (loss) carried forward | 14 | €91 | -€40,564 | -€40,655 | |
| Amounts payable | 17/49 | €80,250 | €85,465 | +€5,215 | +6.5% |
| Amounts payable after more than one year | 17 | €33,855 | €53,886 | +€20,030 | +59.2% |
| Financial debts | 170/4 | €33,855 | €53,886 | +€20,030 | +59.2% |
| Amounts payable within one year | 42/48 | €45,181 | €31,273 | -€13,908 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €9,597 | €9,970 | +€372 | +3.9% |
| Financial debts | 43 | €10,153 | €13,088 | +€2,935 | +28.9% |
| Credit institutions | 430/8 | - | €13,088 | +€13,088 | |
| Other loans | 439 | €10,153 | - | -€10,153 | |
| Trade debts | 44 | €5,042 | €2,967 | -€2,074 | -41.1% |
| Suppliers | 440/4 | €5,042 | €2,967 | -€2,074 | -41.1% |
| Taxes, remuneration and social security | 45 | €19,736 | €1,161 | -€18,574 | -94.1% |
| Taxes | 450/3 | €19,736 | €1,161 | -€18,574 | -94.1% |
| Other amounts payable | 47/48 | €653 | €4,087 | +€3,434 | +526% |
| Accrued charges and deferred income | 492/3 | €1,214 | €306 | -€907 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,163 | €11,141 | +€1,979 | +21.6% |
| Other operating charges | 640/8 | €12,018 | €928 | -€11,090 | -92.3% |
| Gross operating margin | 9900 | €39,852 | -€28,775 | -€68,627 | |
| Operating profit (loss) | 9901 | €18,671 | -€40,845 | -€59,516 | |
| Financial income | 75/76B | €2,468 | €2,520 | +€52 | +2.1% |
| Recurring financial income | 75 | €2,468 | €2,520 | +€52 | +2.1% |
| Financial charges | 65/66B | €3,077 | €4,120 | +€1,042 | +33.9% |
| Recurring financial charges | 65 | €3,077 | €4,120 | +€1,042 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €18,062 | -€42,444 | -€60,506 | |
| Income taxes | 67/77 | €5,809 | €211 | -€5,598 | -96.4% |
| Profit (loss) for the period | 9904 | €12,253 | -€42,655 | -€54,908 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,253 | -€42,655 | -€54,908 |
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 25 October 2026 via checked.be.