SALES4M: what changed
Two fiscal 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.
SALES4M
Largest movements
- Cash +€45,049
up €45,049 (+31.5%), from €143,153 to €188,202
mainly Net result for the year (+€76,745) and Other debts (+€68,758)
- Receivables within one year +€23,073
up €23,073 (+159.7%), from €14,448 to €37,520
of which Trade receivables: +€24,108
- Financial fixed assets +€10,000
new in 2025: €10,000
- Tangible fixed assets -€3,841
down €3,841 (-43.0%), from €8,926 to €5,085
of which Furniture and vehicles: -€3,012
- Other debts +€68,758
up €68,758 (+115.5%), from €59,516 to €128,274
- Tax, wage and social debts +€4,917
up €4,917 (+68.4%), from €7,184 to €12,101
- Gross operating margin +€52,526
up €52,526 (+105.1%), from €49,988 to €102,514
- Taxes +€9,567
up €9,567 (+89.4%), from €10,700 to €20,267
- Financial income -€2,937
down €2,937 (-100.0%), from €2,938 to €1
- Depreciation +€1,617
up €1,617 (+72.7%), from €2,224 to €3,841
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.
Cash bridge derived
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 | €168,953 | €243,932 | +€74,979 | +44.4% |
| Fixed assets | 21/28 | €8,926 | €15,085 | +€6,159 | +69.0% |
| Tangible fixed assets | 22/27 | €8,926 | €5,085 | -€3,841 | -43.0% |
| Land and buildings | 22 | €1,286 | €457 | -€829 | -64.5% |
| Furniture and vehicles | 24 | €7,640 | €4,629 | -€3,012 | -39.4% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €160,027 | €228,847 | +€68,819 | +43.0% |
| Stocks and contracts in progress | 3 | - | €600 | +€600 | |
| Stocks | 30/36 | - | €600 | +€600 | |
| Amounts receivable within one year | 40/41 | €14,448 | €37,520 | +€23,073 | +159.7% |
| Trade receivables | 40 | €13,410 | €37,518 | +€24,108 | +179.8% |
| Other amounts receivable | 41 | €1,037 | €2 | -€1,035 | -99.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €143,153 | €188,202 | +€45,049 | +31.5% |
| Deferred charges and accrued income | 490/1 | €2,427 | €2,525 | +€98 | +4.0% |
| Total equity and liabilities | 10/49 | €168,953 | €243,932 | +€74,979 | +44.4% |
| Equity | 10/15 | €101,206 | €101,206 | = | 0.0% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €82,006 | €82,006 | = | 0.0% |
| Distributable reserves | 133 | €82,006 | €82,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,748 | €142,726 | +€74,979 | +110.7% |
| Amounts payable within one year | 42/48 | €67,748 | €142,726 | +€74,979 | +110.7% |
| Trade debts | 44 | €1,047 | €2,351 | +€1,303 | +124.4% |
| Suppliers | 440/4 | €1,047 | €2,351 | +€1,303 | +124.4% |
| Taxes, remuneration and social security | 45 | €7,184 | €12,101 | +€4,917 | +68.4% |
| Taxes | 450/3 | €7,184 | €12,101 | +€4,917 | +68.4% |
| Other amounts payable | 47/48 | €59,516 | €128,274 | +€68,758 | +115.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,224 | €3,841 | +€1,617 | +72.7% |
| Other operating charges | 640/8 | €1,058 | €1,276 | +€218 | +20.6% |
| Gross operating margin | 9900 | €49,988 | €102,514 | +€52,526 | +105.1% |
| Operating profit (loss) | 9901 | €46,706 | €97,397 | +€50,691 | +108.5% |
| Financial income | 75/76B | €2,938 | €1 | -€2,937 | -100.0% |
| Recurring financial income | 75 | €2,938 | €1 | -€2,937 | -100.0% |
| Financial charges | 65/66B | €324 | €387 | +€63 | +19.3% |
| Recurring financial charges | 65 | €324 | €387 | +€63 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €49,320 | €97,012 | +€47,692 | +96.7% |
| Income taxes | 67/77 | €10,700 | €20,267 | +€9,567 | +89.4% |
| Profit (loss) for the period | 9904 | €38,620 | €76,745 | +€38,125 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,620 | €76,745 | +€38,125 | +98.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.