4 D SELECT SERVICES: 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.
4 D SELECT SERVICES
Largest movements
- Cash +€20,823
up €20,823 (+15.6%), from €133,267 to €154,090
mainly Net result for the year (+€27,383) and Depreciation (+€13,897)
- Deferred charges and accrued income +€17,354
up €17,354 (+1270.8%), from €1,366 to €18,719
- Tangible fixed assets -€13,897
down €13,897 (-34.5%), from €40,279 to €26,383
of which Furniture and vehicles: -€8,883
- Receivables within one year -€3,691
down €3,691 (-16.0%), from €23,001 to €19,311
- Reserves +€23,141
up €23,141 (+20.5%), from €112,873 to €136,013
of which Distributable reserves: +€25,000
- Debts after one year -€5,495
down €5,495 (-56.4%), from €9,740 to €4,246
- Profit (loss) carried forward +€2,383
up €2,383 (+4.8%), from €49,530 to €51,913
- Financial charges +€1,261
up €1,261 (+138.2%), from €912 to €2,173
- Taxes +€1,090
up €1,090 (+7.4%), from €14,813 to €15,903
- Staff costs +€1,036
new in 2025: €1,036
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 | €197,913 | €218,503 | +€20,590 | +10.4% |
| Fixed assets | 21/28 | €40,279 | €26,383 | -€13,897 | -34.5% |
| Tangible fixed assets | 22/27 | €40,279 | €26,383 | -€13,897 | -34.5% |
| Land and buildings | 22 | €17,296 | €13,083 | -€4,214 | -24.4% |
| Plant, machinery and equipment | 23 | €1,731 | €931 | -€800 | -46.2% |
| Furniture and vehicles | 24 | €21,252 | €12,369 | -€8,883 | -41.8% |
| Current assets | 29/58 | €157,634 | €192,120 | +€34,486 | +21.9% |
| Amounts receivable within one year | 40/41 | €23,001 | €19,311 | -€3,691 | -16.0% |
| Trade receivables | 40 | €23,001 | €19,311 | -€3,691 | -16.0% |
| Cash at bank and in hand | 54/58 | €133,267 | €154,090 | +€20,823 | +15.6% |
| Deferred charges and accrued income | 490/1 | €1,366 | €18,719 | +€17,354 | +1270.8% |
| Total equity and liabilities | 10/49 | €197,913 | €218,503 | +€20,590 | +10.4% |
| Equity | 10/15 | €168,600 | €195,983 | +€27,383 | +16.2% |
| Contributions | 10/11 | €6,197 | €8,057 | +€1,859 | +30.0% |
| Reserves | 13 | €112,873 | €136,013 | +€23,141 | +20.5% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Other | 1319 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €108,013 | €133,013 | +€25,000 | +23.1% |
| Profit (loss) carried forward | 14 | €49,530 | €51,913 | +€2,383 | +4.8% |
| Amounts payable | 17/49 | €29,313 | €22,520 | -€6,793 | -23.2% |
| Amounts payable after more than one year | 17 | €9,740 | €4,246 | -€5,495 | -56.4% |
| Financial debts | 170/4 | €9,740 | €4,246 | -€5,495 | -56.4% |
| Amounts payable within one year | 42/48 | €19,573 | €18,274 | -€1,299 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €5,310 | €5,495 | +€185 | +3.5% |
| Trade debts | 44 | €1,903 | €243 | -€1,660 | -87.3% |
| Suppliers | 440/4 | €1,903 | €243 | -€1,660 | -87.3% |
| Taxes, remuneration and social security | 45 | €8,765 | €8,657 | -€108 | -1.2% |
| Taxes | 450/3 | €8,765 | €8,657 | -€108 | -1.2% |
| Other amounts payable | 47/48 | €3,595 | €3,879 | +€285 | +7.9% |
| Non-recurring operating income | 76A | - | €5,597 | +€5,597 | |
| Remuneration, social security and pensions | 62 | - | €1,036 | +€1,036 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,181 | €13,897 | -€284 | -2.0% |
| Other operating charges | 640/8 | €1,784 | €1,619 | -€165 | -9.3% |
| Gross operating margin | 9900 | €61,409 | €62,010 | +€601 | +1.0% |
| Operating profit (loss) | 9901 | €45,444 | €45,458 | +€14 | 0.0% |
| Financial charges | 65/66B | €912 | €2,173 | +€1,261 | +138.2% |
| Recurring financial charges | 65 | €912 | €2,173 | +€1,261 | +138.2% |
| Profit (loss) for the period before taxes | 9903 | €44,532 | €43,286 | -€1,247 | -2.8% |
| Income taxes | 67/77 | €14,813 | €15,903 | +€1,090 | +7.4% |
| Profit (loss) for the period | 9904 | €29,719 | €27,383 | -€2,336 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,719 | €27,383 | -€2,336 | -7.9% |
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 5 October 2026 via checked.be.