TEAM P4: 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.
TEAM P4
Largest movements
- Receivables within one year +€7,542
up €7,542 (+22.2%), from €34,009 to €41,550
- Cash -€1,642
down €1,642 (-4.4%), from €37,215 to €35,573
mainly Contributions, distributions and other (-€85,000) and Receivables within one year (-€7,542)
- Profit (loss) carried forward +€6,277
new in 2026: €6,277
- Trade debts +€2,119
up €2,119 (+116.0%), from €1,827 to €3,947
- Tax, wage and social debts -€1,949
down €1,949 (-13.9%), from €13,984 to €12,035
- Other debts -€951
down €951 (-2.1%), from €45,565 to €44,614
- Gross operating margin -€33,137
down €33,137 (-20.9%), from €158,423 to €125,286
- Staff costs -€26,948
down €26,948 (-99.1%), from €27,187 to €239
- Taxes -€1,906
down €1,906 (-5.8%), from €32,941 to €31,034
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,377 | €86,872 | +€5,496 | +6.8% |
| Fixed assets | 21/28 | €8,893 | €9,079 | +€186 | +2.1% |
| Tangible fixed assets | 22/27 | €8,394 | €8,740 | +€346 | +4.1% |
| Furniture and vehicles | 24 | €2,938 | €4,041 | +€1,103 | +37.5% |
| Other tangible fixed assets | 26 | €5,456 | €4,699 | -€757 | -13.9% |
| Financial fixed assets | 28 | €499 | €339 | -€160 | -32.1% |
| Current assets | 29/58 | €72,483 | €77,793 | +€5,310 | +7.3% |
| Amounts receivable within one year | 40/41 | €34,009 | €41,550 | +€7,542 | +22.2% |
| Trade receivables | 40 | €34,009 | €41,550 | +€7,542 | +22.2% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,215 | €35,573 | -€1,642 | -4.4% |
| Deferred charges and accrued income | 490/1 | €1,160 | €570 | -€590 | -50.9% |
| Total equity and liabilities | 10/49 | €81,377 | €86,872 | +€5,496 | +6.8% |
| Equity | 10/15 | €20,000 | €26,277 | +€6,277 | +31.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €6,277 | +€6,277 | |
| Amounts payable | 17/49 | €61,377 | €60,596 | -€781 | -1.3% |
| Amounts payable within one year | 42/48 | €61,377 | €60,596 | -€781 | -1.3% |
| Trade debts | 44 | €1,827 | €3,947 | +€2,119 | +116.0% |
| Suppliers | 440/4 | €1,827 | €3,947 | +€2,119 | +116.0% |
| Taxes, remuneration and social security | 45 | €13,984 | €12,035 | -€1,949 | -13.9% |
| Taxes | 450/3 | €13,984 | €12,035 | -€1,949 | -13.9% |
| Other amounts payable | 47/48 | €45,565 | €44,614 | -€951 | -2.1% |
| Remuneration, social security and pensions | 62 | €27,187 | €239 | -€26,948 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,187 | €1,886 | -€1,300 | -40.8% |
| Other operating charges | 640/8 | €815 | €772 | -€43 | -5.3% |
| Gross operating margin | 9900 | €158,423 | €125,286 | -€33,137 | -20.9% |
| Operating profit (loss) | 9901 | €127,234 | €122,389 | -€4,846 | -3.8% |
| Financial income | 75/76B | €13 | €2 | -€12 | -87.9% |
| Recurring financial income | 75 | €13 | €2 | -€12 | -87.9% |
| Financial charges | 65/66B | €76 | €79 | +€3 | +4.2% |
| Recurring financial charges | 65 | €76 | €79 | +€3 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €127,171 | €122,311 | -€4,861 | -3.8% |
| Income taxes | 67/77 | €32,941 | €31,034 | -€1,906 | -5.8% |
| Profit (loss) for the period | 9904 | €94,231 | €91,277 | -€2,954 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,231 | €91,277 | -€2,954 | -3.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.