N4H Solutions: 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.
N4H Solutions
Largest movements
- Cash +€4,402
up €4,402 (+234%), from €1,882 to €6,284
mainly Receivables within one year (+€4,193) and Net result for the year (+€1,396)
- Receivables within one year -€4,193
down €4,193 (-29.2%), from €14,349 to €10,156
of which Trade receivables: -€13,501
- Formation expenses -€1,194
no longer reported in 2025 (was €1,194)
- Tax, wage and social debts -€3,658
down €3,658 (-74.0%), from €4,945 to €1,287
- Profit (loss) carried forward +€1,396
up €1,396 (+14.8%), from €9,410 to €10,807
- Trade debts +€1,350
up €1,350 (+1,957%), from €69 to €1,419
- Gross operating margin -€8,372
down €8,372 (-70.2%), from €11,934 to €3,562
- Taxes -€1,066
down €1,066 (-45.3%), from €2,355 to €1,289
- Depreciation +€1,030
up €1,030 (+630%), from €164 to €1,194
- Financial income +€485
new in 2025: €485
- Financial charges +€162
up €162 (+3,132%), from €5 to €167
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 | €17,424 | €16,526 | -€898 | -5.2% |
| Formation expenses | 20 | €1,194 | - | -€1,194 | |
| Current assets | 29/58 | €16,231 | €16,526 | +€296 | +1.8% |
| Amounts receivable within one year | 40/41 | €14,349 | €10,156 | -€4,193 | -29.2% |
| Trade receivables | 40 | €14,349 | €848 | -€13,501 | -94.1% |
| Other amounts receivable | 41 | - | €9,308 | +€9,308 | |
| Cash at bank and in hand | 54/58 | €1,882 | €6,284 | +€4,402 | +234% |
| Deferred charges and accrued income | 490/1 | - | €87 | +€87 | |
| Total equity and liabilities | 10/49 | €17,424 | €16,526 | -€898 | -5.2% |
| Equity | 10/15 | €12,410 | €13,807 | +€1,396 | +11.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,410 | €10,807 | +€1,396 | +14.8% |
| Amounts payable | 17/49 | €5,014 | €2,720 | -€2,295 | -45.8% |
| Amounts payable within one year | 42/48 | €5,014 | €2,720 | -€2,295 | -45.8% |
| Trade debts | 44 | €69 | €1,419 | +€1,350 | +1,957% |
| Suppliers | 440/4 | €69 | €1,419 | +€1,350 | +1,957% |
| Taxes, remuneration and social security | 45 | €4,945 | €1,287 | -€3,658 | -74.0% |
| Taxes | 450/3 | €4,945 | €1,287 | -€3,658 | -74.0% |
| Other amounts payable | 47/48 | - | €13 | +€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164 | €1,194 | +€1,030 | +630% |
| Gross operating margin | 9900 | €11,934 | €3,562 | -€8,372 | -70.2% |
| Operating profit (loss) | 9901 | €11,771 | €2,368 | -€9,402 | -79.9% |
| Financial income | 75/76B | - | €485 | +€485 | |
| Recurring financial income | 75 | - | €485 | +€485 | |
| Financial charges | 65/66B | €5 | €167 | +€162 | +3,132% |
| Recurring financial charges | 65 | €5 | €167 | +€162 | +3,132% |
| Profit (loss) for the period before taxes | 9903 | €11,766 | €2,686 | -€9,080 | -77.2% |
| Income taxes | 67/77 | €2,355 | €1,289 | -€1,066 | -45.3% |
| Profit (loss) for the period | 9904 | €9,410 | €1,396 | -€8,014 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,410 | €1,396 | -€8,014 | -85.2% |
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 18 October 2026 via checked.be.