Team4P: 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.
Team4P
Largest movements
- Cash +€473,618
up €473,618 (+381.8%), from €124,033 to €597,650
mainly Net result for the year (+€309,163) and Current investments (+€190,000)
- Current investments -€190,000
down €190,000 (-55.9%), from €340,000 to €150,000
- Receivables within one year +€149,192
up €149,192 (+1266.4%), from €11,780 to €160,972
of which Trade receivables: +€152,106
- Profit (loss) carried forward +€309,163
up €309,163 (+111.2%), from €278,069 to €587,232
- Tax, wage and social debts +€113,809
up €113,809 (+177.8%), from €64,021 to €177,830
- Gross operating margin +€164,420
up €164,420 (+69.0%), from €238,121 to €402,541
- Taxes +€43,656
up €43,656 (+80.4%), from €54,275 to €97,931
- Financial income +€6,625
up €6,625 (+359.7%), from €1,842 to €8,467
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 | €486,832 | €917,878 | +€431,046 | +88.5% |
| Fixed assets | 21/28 | €10,616 | €7,518 | -€3,098 | -29.2% |
| Tangible fixed assets | 22/27 | €10,616 | €7,518 | -€3,098 | -29.2% |
| Furniture and vehicles | 24 | €10,616 | €7,518 | -€3,098 | -29.2% |
| Current assets | 29/58 | €476,216 | €910,360 | +€434,144 | +91.2% |
| Amounts receivable within one year | 40/41 | €11,780 | €160,972 | +€149,192 | +1266.4% |
| Trade receivables | 40 | €8,809 | €160,915 | +€152,106 | +1726.8% |
| Other amounts receivable | 41 | €2,972 | €57 | -€2,914 | -98.1% |
| Current investments | 50/53 | €340,000 | €150,000 | -€190,000 | -55.9% |
| Cash at bank and in hand | 54/58 | €124,033 | €597,650 | +€473,618 | +381.8% |
| Deferred charges and accrued income | 490/1 | €403 | €1,738 | +€1,335 | +331.3% |
| Total equity and liabilities | 10/49 | €486,832 | €917,878 | +€431,046 | +88.5% |
| Equity | 10/15 | €282,029 | €591,192 | +€309,163 | +109.6% |
| Contributions | 10/11 | €3,960 | €3,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €278,069 | €587,232 | +€309,163 | +111.2% |
| Amounts payable | 17/49 | €204,803 | €326,686 | +€121,883 | +59.5% |
| Amounts payable within one year | 42/48 | €204,803 | €326,686 | +€121,883 | +59.5% |
| Trade debts | 44 | €140,781 | €148,856 | +€8,074 | +5.7% |
| Suppliers | 440/4 | €140,781 | €148,856 | +€8,074 | +5.7% |
| Taxes, remuneration and social security | 45 | €64,021 | €177,830 | +€113,809 | +177.8% |
| Taxes | 450/3 | €64,021 | €177,830 | +€113,809 | +177.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,098 | €3,098 | = | 0.0% |
| Other operating charges | 640/8 | €2,803 | €641 | -€2,163 | -77.1% |
| Gross operating margin | 9900 | €238,121 | €402,541 | +€164,420 | +69.0% |
| Operating profit (loss) | 9901 | €232,220 | €398,802 | +€166,582 | +71.7% |
| Financial income | 75/76B | €1,842 | €8,467 | +€6,625 | +359.7% |
| Recurring financial income | 75 | €1,842 | €8,467 | +€6,625 | +359.7% |
| Financial charges | 65/66B | €174 | €174 | = | 0.0% |
| Recurring financial charges | 65 | €174 | €174 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €233,888 | €407,095 | +€173,207 | +74.1% |
| Income taxes | 67/77 | €54,275 | €97,931 | +€43,656 | +80.4% |
| Profit (loss) for the period | 9904 | €179,613 | €309,163 | +€129,551 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €179,613 | €309,163 | +€129,551 | +72.1% |
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 6 October 2026 via checked.be.