4 PLUS: 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 PLUS
Largest movements
- Tangible fixed assets -€29,449
down €29,449 (-6.6%), from €447,611 to €418,163
of which Other tangible fixed assets: -€26,861
- Cash -€20,877
down €20,877 (-35.1%), from €59,506 to €38,629
mainly Debts after one year (-€29,038) and Contributions, distributions and other (-€24,000)
- Receivables within one year -€16,627
down €16,627 (-52.4%), from €31,732 to €15,106
of which Other amounts receivable: -€19,129
- Debts after one year -€29,038
down €29,038 (-9.0%), from €320,957 to €291,919
- Other debts -€20,222
down €20,222 (-98.4%), from €20,550 to €329
- Reserves -€11,565
down €11,565 (-9.3%), from €124,400 to €112,835
- Trade debts -€5,482
down €5,482 (-23.2%), from €23,622 to €18,140
- Other operating charges +€13,366
up €13,366 (+690.2%), from €1,937 to €15,302
- Financial charges +€6,973
up €6,973 (+92.8%), from €7,514 to €14,487
- Gross operating margin +€5,990
up €5,990 (+8.3%), from €72,372 to €78,362
- Taxes -€2,538
down €2,538 (-32.0%), from €7,935 to €5,397
- Depreciation -€1,059
down €1,059 (-3.3%), from €32,376 to €31,317
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 | €540,418 | €473,838 | -€66,580 | -12.3% |
| Fixed assets | 21/28 | €447,611 | €418,163 | -€29,449 | -6.6% |
| Tangible fixed assets | 22/27 | €447,611 | €418,163 | -€29,449 | -6.6% |
| Land and buildings | 22 | €16,644 | €15,250 | -€1,393 | -8.4% |
| Plant, machinery and equipment | 23 | €4,191 | €3,352 | -€839 | -20.0% |
| Furniture and vehicles | 24 | €3,532 | €3,177 | -€355 | -10.0% |
| Other tangible fixed assets | 26 | €423,245 | €396,384 | -€26,861 | -6.3% |
| Current assets | 29/58 | €92,806 | €55,675 | -€37,131 | -40.0% |
| Amounts receivable within one year | 40/41 | €31,732 | €15,106 | -€16,627 | -52.4% |
| Trade receivables | 40 | - | €2,503 | +€2,503 | |
| Other amounts receivable | 41 | €31,732 | €12,603 | -€19,129 | -60.3% |
| Cash at bank and in hand | 54/58 | €59,506 | €38,629 | -€20,877 | -35.1% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,940 | +€372 | +23.7% |
| Total equity and liabilities | 10/49 | €540,418 | €473,838 | -€66,580 | -12.3% |
| Equity | 10/15 | €143,000 | €131,435 | -€11,565 | -8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,400 | €112,835 | -€11,565 | -9.3% |
| Distributable reserves | 133 | €124,400 | €112,835 | -€11,565 | -9.3% |
| Amounts payable | 17/49 | €397,418 | €342,403 | -€55,015 | -13.8% |
| Amounts payable after more than one year | 17 | €320,957 | €291,919 | -€29,038 | -9.0% |
| Financial debts | 170/4 | €320,957 | €291,919 | -€29,038 | -9.0% |
| Amounts payable within one year | 42/48 | €76,460 | €50,483 | -€25,977 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €28,661 | €28,415 | -€246 | -0.9% |
| Trade debts | 44 | €23,622 | €18,140 | -€5,482 | -23.2% |
| Suppliers | 440/4 | €23,622 | €18,140 | -€5,482 | -23.2% |
| Taxes, remuneration and social security | 45 | €3,627 | €3,600 | -€27 | -0.7% |
| Taxes | 450/3 | €3,627 | €3,600 | -€27 | -0.7% |
| Other amounts payable | 47/48 | €20,550 | €329 | -€20,222 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,376 | €31,317 | -€1,059 | -3.3% |
| Other operating charges | 640/8 | €1,937 | €15,302 | +€13,366 | +690.2% |
| Gross operating margin | 9900 | €72,372 | €78,362 | +€5,990 | +8.3% |
| Operating profit (loss) | 9901 | €38,060 | €31,744 | -€6,316 | -16.6% |
| Financial income | 75/76B | €700 | €575 | -€125 | -17.9% |
| Recurring financial income | 75 | €700 | €575 | -€125 | -17.9% |
| Financial charges | 65/66B | €7,514 | €14,487 | +€6,973 | +92.8% |
| Recurring financial charges | 65 | €7,514 | €14,487 | +€6,973 | +92.8% |
| Profit (loss) for the period before taxes | 9903 | €31,246 | €17,832 | -€13,414 | -42.9% |
| Income taxes | 67/77 | €7,935 | €5,397 | -€2,538 | -32.0% |
| Profit (loss) for the period | 9904 | €23,311 | €12,435 | -€10,876 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,311 | €12,435 | -€10,876 | -46.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.