T4 Consulting: 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.
T4 Consulting
Largest movements
- Cash +€66,727
up €66,727 (+320%), from €20,873 to €87,600
mainly Other debts (+€77,803) and Net result for the year (+€44,502)
- Current investments -€34,000
down €34,000 (-100%), from €34,000 to €0
- Receivables within one year +€14,102
up €14,102 (+270%), from €5,223 to €19,325
of which Trade receivables: +€14,080
- Tangible fixed assets -€13,699
down €13,699 (-36.1%), from €37,979 to €24,280
of which Furniture and vehicles: -€12,591
- Deferred charges and accrued income -€1,348
down €1,348 (-40.1%), from €3,360 to €2,012
- Other debts +€77,803
up €77,803 (+9,348%), from €832 to €78,635
- Reserves -€43,645
down €43,645 (-58.1%), from €75,087 to €31,443
- Current portion of long-term debt -€14,727
down €14,727 (-100%), from €14,727 to €0
- Tax, wage and social debts +€10,073
up €10,073 (+135%), from €7,481 to €17,554
- Trade debts +€2,278
up €2,278 (+741%), from €307 to €2,586
- Gross operating margin +€45,757
up €45,757 (+189%), from €24,249 to €70,006
- Taxes +€10,319
up €10,319 (+389%), from €2,651 to €12,970
- Depreciation -€3,093
down €3,093 (-18.4%), from €16,792 to €13,699
- Financial income +€2,014
new in 2025: €2,014
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 | €101,434 | €133,217 | +€31,782 | +31.3% |
| Fixed assets | 21/28 | €37,979 | €24,280 | -€13,699 | -36.1% |
| Tangible fixed assets | 22/27 | €37,979 | €24,280 | -€13,699 | -36.1% |
| Plant, machinery and equipment | 23 | €1,980 | €872 | -€1,108 | -56.0% |
| Furniture and vehicles | 24 | €35,999 | €23,408 | -€12,591 | -35.0% |
| Current assets | 29/58 | €63,456 | €108,937 | +€45,481 | +71.7% |
| Amounts receivable within one year | 40/41 | €5,223 | €19,325 | +€14,102 | +270% |
| Trade receivables | 40 | €2,723 | €16,803 | +€14,080 | +517% |
| Other amounts receivable | 41 | €2,500 | €2,522 | +€22 | +0.9% |
| Current investments | 50/53 | €34,000 | €0 | -€34,000 | -100% |
| Cash at bank and in hand | 54/58 | €20,873 | €87,600 | +€66,727 | +320% |
| Deferred charges and accrued income | 490/1 | €3,360 | €2,012 | -€1,348 | -40.1% |
| Total equity and liabilities | 10/49 | €101,434 | €133,217 | +€31,782 | +31.3% |
| Equity | 10/15 | €78,087 | €34,443 | -€43,645 | -55.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €75,087 | €31,443 | -€43,645 | -58.1% |
| Distributable reserves | 133 | €75,087 | €31,443 | -€43,645 | -58.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €23,347 | €98,774 | +€75,427 | +323% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,347 | €98,774 | +€75,427 | +323% |
| Current portion of amounts payable after more than one year | 42 | €14,727 | €0 | -€14,727 | -100% |
| Trade debts | 44 | €307 | €2,586 | +€2,278 | +741% |
| Suppliers | 440/4 | €307 | €2,586 | +€2,278 | +741% |
| Taxes, remuneration and social security | 45 | €7,481 | €17,554 | +€10,073 | +135% |
| Taxes | 450/3 | €7,481 | €17,554 | +€10,073 | +135% |
| Other amounts payable | 47/48 | €832 | €78,635 | +€77,803 | +9,348% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,792 | €13,699 | -€3,093 | -18.4% |
| Other operating charges | 640/8 | €969 | €681 | -€288 | -29.7% |
| Gross operating margin | 9900 | €24,249 | €70,006 | +€45,757 | +189% |
| Operating profit (loss) | 9901 | €6,489 | €55,627 | +€49,138 | +757% |
| Financial income | 75/76B | - | €2,014 | +€2,014 | |
| Recurring financial income | 75 | - | €2,014 | +€2,014 | |
| Financial charges | 65/66B | €79 | €170 | +€91 | +115% |
| Recurring financial charges | 65 | €79 | €170 | +€91 | +115% |
| Profit (loss) for the period before taxes | 9903 | €6,410 | €57,472 | +€51,062 | +797% |
| Income taxes | 67/77 | €2,651 | €12,970 | +€10,319 | +389% |
| Profit (loss) for the period | 9904 | €3,759 | €44,502 | +€40,743 | +1,084% |
| Profit (loss) for the period to be appropriated | 9905 | €3,759 | €44,502 | +€40,743 | +1,084% |
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 17 October 2026 via checked.be.