M4 ARCHITECTURE: 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.
M4 ARCHITECTURE
Largest movements
- Cash +€26,104
up €26,104 (+93,798%), from €28 to €26,132
mainly Net result for the year (+€23,315) and Trade debts (+€12,368)
- Receivables within one year +€5,481
up €5,481 (+7.8%), from €70,638 to €76,119
of which Trade receivables: +€10,178
- Deferred charges and accrued income +€5,118
new in 2025: €5,118
- Profit (loss) carried forward +€23,315
up €23,315, from -€17,685 to €5,630
- Trade debts +€12,368
up €12,368 (+614%), from €2,016 to €14,383
- Tax, wage and social debts +€1,086
up €1,086 (+11.5%), from €9,419 to €10,505
- Gross operating margin +€60,807
up €60,807, from -€30,388 to €30,419
- Taxes +€4,688
up €4,688 (+3,582%), from €131 to €4,819
- Financial charges -€3,606
down €3,606 (-97.0%), from €3,717 to €111
- Other operating charges -€769
down €769 (-26.1%), from €2,943 to €2,174
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 | €70,741 | €107,444 | +€36,704 | +51.9% |
| Fixed assets | 21/28 | €75 | €75 | = | 0.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €70,666 | €107,369 | +€36,704 | +51.9% |
| Amounts receivable within one year | 40/41 | €70,638 | €76,119 | +€5,481 | +7.8% |
| Trade receivables | 40 | - | €10,178 | +€10,178 | |
| Other amounts receivable | 41 | €70,638 | €65,942 | -€4,696 | -6.6% |
| Cash at bank and in hand | 54/58 | €28 | €26,132 | +€26,104 | +93,798% |
| Deferred charges and accrued income | 490/1 | - | €5,118 | +€5,118 | |
| Total equity and liabilities | 10/49 | €70,741 | €107,444 | +€36,704 | +51.9% |
| Equity | 10/15 | €30,465 | €53,780 | +€23,315 | +76.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,950 | €41,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,685 | €5,630 | +€23,315 | |
| Amounts payable | 17/49 | €40,276 | €53,664 | +€13,389 | +33.2% |
| Amounts payable within one year | 42/48 | €40,276 | €53,664 | +€13,389 | +33.2% |
| Trade debts | 44 | €2,016 | €14,383 | +€12,368 | +614% |
| Suppliers | 440/4 | €2,016 | €14,383 | +€12,368 | +614% |
| Taxes, remuneration and social security | 45 | €9,419 | €10,505 | +€1,086 | +11.5% |
| Taxes | 450/3 | €9,419 | €10,505 | +€1,086 | +11.5% |
| Other amounts payable | 47/48 | €28,841 | €28,775 | -€66 | -0.2% |
| Non-recurring operating income | 76A | - | €12,947 | +€12,947 | |
| Other operating charges | 640/8 | €2,943 | €2,174 | -€769 | -26.1% |
| Gross operating margin | 9900 | -€30,388 | €30,419 | +€60,807 | |
| Operating profit (loss) | 9901 | -€33,331 | €28,245 | +€61,576 | |
| Financial charges | 65/66B | €3,717 | €111 | -€3,606 | -97.0% |
| Recurring financial charges | 65 | €3,717 | €111 | -€3,606 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,048 | €28,134 | +€65,182 | |
| Income taxes | 67/77 | €131 | €4,819 | +€4,688 | +3,582% |
| Profit (loss) for the period | 9904 | -€37,179 | €23,315 | +€60,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,179 | €23,315 | +€60,494 |
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 15 October 2026 via checked.be.