M4 COMPANY: 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 COMPANY
Largest movements
- Cash +€5,938
up €5,938 (+22.2%), from €26,754 to €32,691
mainly Net result for the year (+€114,507) and Tax, wage and social debts (+€12,510)
- Tangible fixed assets +€3,962
up €3,962 (+82.3%), from €4,815 to €8,777
- Other debts -€116,820
down €116,820 (-100%), from €116,820 to €0
- Profit (loss) carried forward +€114,507
up €114,507 (+886%), from €12,926 to €127,433
- Tax, wage and social debts +€12,510
up €12,510 (+67.0%), from €18,673 to €31,182
of which Taxes: +€12,792
- Gross operating margin +€55,562
up €55,562 (+53.2%), from €104,532 to €160,094
- Taxes +€15,639
up €15,639 (+63.3%), from €24,719 to €40,358
- Depreciation -€6,926
down €6,926 (-43.9%), from €15,781 to €8,855
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 | €176,802 | €185,217 | +€8,415 | +4.8% |
| Fixed assets | 21/28 | €6,686 | €10,253 | +€3,568 | +53.4% |
| Intangible fixed assets | 21 | €1,827 | €1,432 | -€395 | -21.6% |
| Tangible fixed assets | 22/27 | €4,815 | €8,777 | +€3,962 | +82.3% |
| Furniture and vehicles | 24 | €4,815 | €8,777 | +€3,962 | +82.3% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €170,116 | €174,964 | +€4,848 | +2.8% |
| Amounts receivable after more than one year | 29 | €47,000 | €47,000 | = | 0.0% |
| Other amounts receivable | 291 | €47,000 | €47,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,229 | €92,989 | -€1,240 | -1.3% |
| Trade receivables | 40 | €41,006 | €29,469 | -€11,537 | -28.1% |
| Other amounts receivable | 41 | €53,223 | €63,520 | +€10,297 | +19.3% |
| Cash at bank and in hand | 54/58 | €26,754 | €32,691 | +€5,938 | +22.2% |
| Deferred charges and accrued income | 490/1 | €2,134 | €2,284 | +€150 | +7.0% |
| Total equity and liabilities | 10/49 | €176,802 | €185,217 | +€8,415 | +4.8% |
| Equity | 10/15 | €31,526 | €146,033 | +€114,507 | +363% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,926 | €127,433 | +€114,507 | +886% |
| Amounts payable | 17/49 | €145,276 | €39,184 | -€106,092 | -73.0% |
| Amounts payable within one year | 42/48 | €144,928 | €39,167 | -€105,762 | -73.0% |
| Trade debts | 44 | €9,436 | €7,984 | -€1,451 | -15.4% |
| Suppliers | 440/4 | €9,436 | €7,984 | -€1,451 | -15.4% |
| Taxes, remuneration and social security | 45 | €18,673 | €31,182 | +€12,510 | +67.0% |
| Taxes | 450/3 | €18,390 | €31,182 | +€12,792 | +69.6% |
| Remuneration and social security | 454/9 | €283 | €0 | -€283 | -100% |
| Other amounts payable | 47/48 | €116,820 | €0 | -€116,820 | -100% |
| Accrued charges and deferred income | 492/3 | €348 | €17 | -€330 | -95.1% |
| Non-recurring operating income | 76A | €0 | €6,675 | +€6,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,781 | €8,855 | -€6,926 | -43.9% |
| Other operating charges | 640/8 | €776 | €645 | -€130 | -16.8% |
| Gross operating margin | 9900 | €104,532 | €160,094 | +€55,562 | +53.2% |
| Operating profit (loss) | 9901 | €87,975 | €150,594 | +€62,619 | +71.2% |
| Financial income | 75/76B | €2,864 | €4,418 | +€1,553 | +54.2% |
| Recurring financial income | 75 | €2,864 | €4,418 | +€1,553 | +54.2% |
| Financial charges | 65/66B | €235 | €146 | -€89 | -37.8% |
| Recurring financial charges | 65 | €235 | €146 | -€89 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €90,604 | €154,865 | +€64,261 | +70.9% |
| Income taxes | 67/77 | €24,719 | €40,358 | +€15,639 | +63.3% |
| Profit (loss) for the period | 9904 | €65,885 | €114,507 | +€48,622 | +73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,885 | €114,507 | +€48,622 | +73.8% |
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 29 October 2026 via checked.be.