4 Square Immo: 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 Square Immo
Largest movements
- Tangible fixed assets +€91,111
up €91,111 (+5.6%), from €1.6m to €1.7m
of which Land and buildings: +€1.3m
- Cash +€31,718
up €31,718 (+832.7%), from €3,809 to €35,528
mainly Debts after one year (+€182,604) and Depreciation (+€127,481)
- Debts after one year +€182,604
up €182,604 (+15.3%), from €1.2m to €1.4m
- Profit (loss) carried forward -€101,284
down €101,284 (-19.0%), from -€532,462 to -€633,747
- Trade debts -€68,013
down €68,013 (-86.1%), from €78,962 to €10,949
- Current portion of long-term debt +€54,892
new in 2025: €54,892
- Other debts +€52,000
up €52,000 (+6.0%), from €870,035 to €922,035
- Depreciation -€146,472
down €146,472 (-53.5%), from €273,953 to €127,481
- Gross operating margin +€96,125
up €96,125, from -€3,927 to €92,197
- Financial charges +€24,531
up €24,531 (+59.2%), from €41,470 to €66,001
- Financial income -€4,007
no longer reported in 2025 (was €4,007)
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 | €1,621,270 | €1,741,468 | +€120,198 | +7.4% |
| Fixed assets | 21/28 | €1,614,829 | €1,705,941 | +€91,111 | +5.6% |
| Tangible fixed assets | 22/27 | €1,614,829 | €1,705,941 | +€91,111 | +5.6% |
| Land and buildings | 22 | €374,900 | €1,689,169 | +€1.3m | +350.6% |
| Plant, machinery and equipment | 23 | - | €16,772 | +€16,772 | |
| Assets under construction and advance payments | 27 | €1,239,929 | - | -€1.2m | |
| Current assets | 29/58 | €6,441 | €35,528 | +€29,087 | +451.6% |
| Cash at bank and in hand | 54/58 | €3,809 | €35,528 | +€31,718 | +832.7% |
| Deferred charges and accrued income | 490/1 | €2,631 | - | -€2,631 | |
| Total equity and liabilities | 10/49 | €1,621,270 | €1,741,468 | +€120,198 | +7.4% |
| Equity | 10/15 | -€522,462 | -€623,747 | -€101,284 | -19.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€532,462 | -€633,747 | -€101,284 | -19.0% |
| Amounts payable | 17/49 | €2,143,732 | €2,365,215 | +€221,483 | +10.3% |
| Amounts payable after more than one year | 17 | €1,194,735 | €1,377,339 | +€182,604 | +15.3% |
| Financial debts | 170/4 | €1,194,735 | €1,377,339 | +€182,604 | +15.3% |
| Amounts payable within one year | 42/48 | €948,997 | €987,876 | +€38,879 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | - | €54,892 | +€54,892 | |
| Trade debts | 44 | €78,962 | €10,949 | -€68,013 | -86.1% |
| Suppliers | 440/4 | €78,962 | €10,949 | -€68,013 | -86.1% |
| Other amounts payable | 47/48 | €870,035 | €922,035 | +€52,000 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273,953 | €127,481 | -€146,472 | -53.5% |
| Gross operating margin | 9900 | -€3,927 | €92,197 | +€96,125 | |
| Operating profit (loss) | 9901 | -€277,880 | -€35,283 | +€242,597 | +87.3% |
| Financial income | 75/76B | €4,007 | - | -€4,007 | |
| Recurring financial income | 75 | €4,007 | - | -€4,007 | |
| Financial charges | 65/66B | €41,470 | €66,001 | +€24,531 | +59.2% |
| Recurring financial charges | 65 | €41,470 | €66,001 | +€24,531 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | -€315,343 | -€101,284 | +€214,059 | +67.9% |
| Profit (loss) for the period | 9904 | -€315,343 | -€101,284 | +€214,059 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€315,343 | -€101,284 | +€214,059 | +67.9% |
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 8 October 2026 via checked.be.