4LNC: 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.
4LNC
Largest movements
- Cash +€33,300
up €33,300 (+6,266%), from €531 to €33,831
mainly Other debts (+€283,929) and Net result for the year (+€73,602)
- Other debts +€283,929
up €283,929 (+3,710%), from €7,653 to €291,582
- Trade debts -€164,184
down €164,184 (-89.1%), from €184,253 to €20,069
- Debts after one year -€150,545
down €150,545 (-14.1%), from €1.1m to €916,426
- Tax, wage and social debts +€33,495
up €33,495 (+159%), from €21,108 to €54,603
of which Taxes: +€33,695
- Profit (loss) carried forward +€21,286
up €21,286 (+8.8%), from €240,995 to €262,280
- Financial income -€50,000
no longer reported in 2025 (was €50,000)
- Gross operating margin +€41,020
up €41,020 (+41.1%), from €99,908 to €140,928
- Taxes +€14,609
up €14,609 (+120%), from €12,184 to €26,793
- Financial charges -€2,997
down €2,997 (-7.7%), from €38,853 to €35,856
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 | €1,852,004 | €1,881,407 | +€29,403 | +1.6% |
| Formation expenses | 20 | €11,208 | €6,890 | -€4,318 | -38.5% |
| Fixed assets | 21/28 | €1,840,109 | €1,840,109 | = | 0.0% |
| Financial fixed assets | 28 | €1,840,109 | €1,840,109 | = | 0.0% |
| Current assets | 29/58 | €687 | €34,408 | +€33,720 | +4,905% |
| Amounts receivable within one year | 40/41 | €156 | - | -€156 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €156 | - | -€156 | |
| Cash at bank and in hand | 54/58 | €531 | €33,831 | +€33,300 | +6,266% |
| Deferred charges and accrued income | 490/1 | - | €576 | +€576 | |
| Total equity and liabilities | 10/49 | €1,852,004 | €1,881,407 | +€29,403 | +1.6% |
| Equity | 10/15 | €403,679 | €427,280 | +€23,602 | +5.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €12,684 | €15,000 | +€2,316 | +18.3% |
| Non-distributable reserves | 130/1 | €12,684 | €15,000 | +€2,316 | +18.3% |
| Legal reserve | 130 | €12,684 | €15,000 | +€2,316 | +18.3% |
| Profit (loss) carried forward | 14 | €240,995 | €262,280 | +€21,286 | +8.8% |
| Amounts payable | 17/49 | €1,448,326 | €1,454,127 | +€5,801 | +0.4% |
| Amounts payable after more than one year | 17 | €1,066,971 | €916,426 | -€150,545 | -14.1% |
| Financial debts | 170/4 | €1,066,971 | €916,426 | -€150,545 | -14.1% |
| Amounts payable within one year | 42/48 | €376,955 | €533,821 | +€156,866 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €163,942 | €167,567 | +€3,625 | +2.2% |
| Trade debts | 44 | €184,253 | €20,069 | -€164,184 | -89.1% |
| Suppliers | 440/4 | €184,253 | €20,069 | -€164,184 | -89.1% |
| Taxes, remuneration and social security | 45 | €21,108 | €54,603 | +€33,495 | +159% |
| Taxes | 450/3 | €20,908 | €54,603 | +€33,695 | +161% |
| Remuneration and social security | 454/9 | €200 | - | -€200 | |
| Other amounts payable | 47/48 | €7,653 | €291,582 | +€283,929 | +3,710% |
| Accrued charges and deferred income | 492/3 | €4,400 | €3,879 | -€520 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,318 | €4,318 | = | 0.0% |
| Other operating charges | 640/8 | - | €360 | +€360 | |
| Non-recurring operating charges | 66A | €396 | - | -€396 | |
| Gross operating margin | 9900 | €99,908 | €140,928 | +€41,020 | +41.1% |
| Operating profit (loss) | 9901 | €95,194 | €136,250 | +€41,056 | +43.1% |
| Financial income | 75/76B | €50,000 | - | -€50,000 | |
| Recurring financial income | 75 | €50,000 | - | -€50,000 | |
| Financial charges | 65/66B | €38,853 | €35,856 | -€2,997 | -7.7% |
| Recurring financial charges | 65 | €38,853 | €35,856 | -€2,997 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €106,342 | €100,395 | -€5,947 | -5.6% |
| Income taxes | 67/77 | €12,184 | €26,793 | +€14,609 | +120% |
| Profit (loss) for the period | 9904 | €94,157 | €73,602 | -€20,556 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,157 | €73,602 | -€20,556 | -21.8% |
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 28 October 2026 via checked.be.