G4 FINANCE: what changed
What changed
G4 FINANCE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€4.6m
2024 · €9.0m-€4.4m
Equity
€46.4m
2024 · €45.1m+€1.3m
Cash
€701,694
2024 · €521,858+€179,836
Balance sheet total
€72.7m
2024 · €73.2m-€520,999
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€12.9m
up €12.9m (+332%), from €3.9m to €16.8m
- Current portion of long-term debt -€12.1m
down €12.1m (-83.9%), from €14.4m to €2.3m
- Debts after one year -€3.1m
down €3.1m (-34.1%), from €9.0m to €6.0m
of which Financial debts: -€3.1m
- Profit (loss) carried forward +€1.3m
up €1.3m (+6.2%), from €20.5m to €21.8m
Income statement
- Financial income -€4.0m
down €4.0m (-49.7%), from €8.1m to €4.1m
of which Non-recurring financial income: -€5.3m
- Financial charges +€241,290
up €241,290 (+89.0%), from €271,067 to €512,357
of which Non-recurring financial charges: +€217,147
- Turnover -€66,764
down €66,764 (-3.4%), from €2.0m to €1.9m
- Services and other goods +€31,879
up €31,879 (+7.5%), from €425,865 to €457,744
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9.0m
Turnover
-€66,764
Other operating income
-€1,296
Services and other goods
-€31,879
Depreciation
-€5,478
Other operating charges
-€617
Financial income
-€4.0m
Financial charges
-€241,290
Taxes
+€15,388
Result 2025
€4.6m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€18.3m
Investment
+€381,321
Financing
-€18.5m
Cash 2024
€521,858
From operations (derived)
+€18.3m
Net result for the year
+€4.6m
Depreciation
+€11,018
Receivables within one year
+€307,708
Deferred charges and accrued income
+€788
Trade debts
-€87,527
Tax, wage and social debts
+€392,329
Other debts
+€12.9m
Accrued charges and deferred income
+€153,942
Investment (derived)
+€381,321
Investment in fixed assets (net)
+€99,619
Current investments
+€281,701
Financing
-€18.5m
Debts after one year
-€3.1m
Current portion of long-term debt
-€12.1m
Contributions, distributions and other
-€3.4m
Cash 2025
€701,694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,202,793 | €72,681,794 | -€520,999 | -0.7% |
| Fixed assets | 21/28 | €69,920,295 | €69,809,657 | -€110,638 | -0.2% |
| Tangible fixed assets | 22/27 | €27,517 | €69,255 | +€41,738 | +152% |
| Furniture and vehicles | 24 | €27,517 | €16,499 | -€11,018 | -40.0% |
| Other tangible fixed assets | 26 | - | €52,756 | +€52,756 | |
| Financial fixed assets | 28 | €69,892,777 | €69,740,402 | -€152,375 | -0.2% |
| Affiliated companies | 280/1 | €69,026,869 | €69,025,591 | -€1,279 | 0.0% |
| Participating interests | 280 | €69,025,591 | €69,025,591 | = | 0.0% |
| Amounts receivable | 281 | €1,279 | €0 | -€1,279 | -100% |
| Companies linked by participating interests | 282/3 | €771,307 | €595,497 | -€175,810 | -22.8% |
| Participating interests | 282 | €731,209 | €515,301 | -€215,908 | -29.5% |
| Amounts receivable | 283 | €40,098 | €80,196 | +€40,098 | +100% |
| Other financial fixed assets | 284/8 | €94,601 | €119,314 | +€24,713 | +26.1% |
| Shares | 284 | €94,601 | €119,314 | +€24,713 | +26.1% |
| Amounts receivable and cash guarantees | 285/8 | €0 | €0 | = | |
| Current assets | 29/58 | €3,282,498 | €2,872,137 | -€410,362 | -12.5% |
| Stocks and contracts in progress | 3 | €950,000 | €950,000 | = | 0.0% |
| Stocks | 30/36 | €950,000 | €950,000 | = | 0.0% |
| Property held for sale | 35 | €950,000 | €950,000 | = | 0.0% |
| Advance payments | 36 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €477,846 | €170,138 | -€307,708 | -64.4% |
| Trade receivables | 40 | €228,666 | €170,138 | -€58,528 | -25.6% |
| Other amounts receivable | 41 | €249,180 | €0 | -€249,180 | -100% |
| Current investments | 50/53 | €1,330,876 | €1,049,175 | -€281,701 | -21.2% |
| Other investments | 51/53 | €1,330,876 | €1,049,175 | -€281,701 | -21.2% |
| Cash at bank and in hand | 54/58 | €521,858 | €701,694 | +€179,836 | +34.5% |
| Deferred charges and accrued income | 490/1 | €1,918 | €1,130 | -€788 | -41.1% |
| Total equity and liabilities | 10/49 | €73,202,793 | €72,681,794 | -€520,999 | -0.7% |
| Equity | 10/15 | €45,097,596 | €46,377,518 | +€1.3m | +2.8% |
| Contributions | 10/11 | €24,602,992 | €24,602,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,494,605 | €21,774,527 | +€1.3m | +6.2% |
| Amounts payable | 17/49 | €28,105,197 | €26,304,275 | -€1.8m | -6.4% |
| Amounts payable after more than one year | 17 | €9,044,404 | €5,961,803 | -€3.1m | -34.1% |
| Financial debts | 170/4 | €9,044,404 | €5,961,803 | -€3.1m | -34.1% |
| Other loans | 174 | €9,044,404 | €5,961,803 | -€3.1m | -34.1% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,906,984 | €20,034,722 | +€1.1m | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €14,429,123 | €2,327,108 | -€12.1m | -83.9% |
| Trade debts | 44 | €126,111 | €38,584 | -€87,527 | -69.4% |
| Suppliers | 440/4 | €126,111 | €38,584 | -€87,527 | -69.4% |
| Taxes, remuneration and social security | 45 | €464,391 | €856,720 | +€392,329 | +84.5% |
| Taxes | 450/3 | €463,172 | €856,720 | +€393,548 | +85.0% |
| Remuneration and social security | 454/9 | €1,219 | €0 | -€1,219 | -100% |
| Other amounts payable | 47/48 | €3,887,359 | €16,812,310 | +€12.9m | +332% |
| Accrued charges and deferred income | 492/3 | €153,808 | €307,750 | +€153,942 | +100% |
| Operating income | 70/76A | €1,974,929 | €1,906,870 | -€68,059 | -3.4% |
| Turnover | 70 | €1,973,634 | €1,906,870 | -€66,764 | -3.4% |
| Other operating income | 74 | €1,296 | €0 | -€1,296 | -100% |
| Operating charges | 60/66A | €432,151 | €470,125 | +€37,974 | +8.8% |
| Services and other goods | 61 | €425,865 | €457,744 | +€31,879 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,541 | €11,018 | +€5,478 | +98.9% |
| Other operating charges | 640/8 | €745 | €1,362 | +€617 | +82.8% |
| Operating profit (loss) | 9901 | €1,542,779 | €1,436,745 | -€106,033 | -6.9% |
| Financial income | 75/76B | €8,109,618 | €4,080,646 | -€4.0m | -49.7% |
| Recurring financial income | 75 | €2,807,498 | €4,080,646 | +€1.3m | +45.3% |
| Income from financial fixed assets | 750 | €2,709,331 | €3,766,323 | +€1.1m | +39.0% |
| Income from current assets | 751 | €60,477 | €31,040 | -€29,437 | -48.7% |
| Other financial income | 752/9 | €37,689 | €283,283 | +€245,594 | +652% |
| Non-recurring financial income | 76B | €5,302,120 | - | -€5.3m | |
| Financial charges | 65/66B | €271,067 | €512,357 | +€241,290 | +89.0% |
| Recurring financial charges | 65 | €271,021 | €295,165 | +€24,144 | +8.9% |
| Debt charges | 650 | €200,651 | €337,874 | +€137,222 | +68.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €61,293 | -€56,829 | -€118,122 | |
| Other financial charges | 652/9 | €9,077 | €14,120 | +€5,043 | +55.6% |
| Non-recurring financial charges | 66B | €46 | €217,193 | +€217,147 | +471,034% |
| Profit (loss) for the period before taxes | 9903 | €9,381,330 | €5,005,034 | -€4.4m | -46.6% |
| Income taxes | 67/77 | €390,500 | €375,111 | -€15,388 | -3.9% |
| Taxes | 670/3 | €390,500 | €375,111 | -€15,388 | -3.9% |
| Profit (loss) for the period | 9904 | €8,990,830 | €4,629,922 | -€4.4m | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,990,830 | €4,629,922 | -€4.4m | -48.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.