4ALL: 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.
4ALL
Largest movements
- Cash -€36,163
down €36,163 (-71.4%), from €50,676 to €14,513
mainly Trade debts (-€97,309) and Investment in fixed assets (net) (-€92,423)
- Receivables within one year +€27,133
up €27,133 (+57.7%), from €47,055 to €74,188
- Tangible fixed assets -€21,992
down €21,992 (-5.6%), from €395,806 to €373,814
of which Plant, machinery and equipment: -€33,134
- Trade debts -€97,309
down €97,309 (-68.3%), from €142,444 to €45,135
- Current portion of long-term debt +€46,115
up €46,115 (+174.4%), from €26,445 to €72,560
- Debts after one year +€35,947
up €35,947 (+20.0%), from €179,525 to €215,472
- Other debts -€25,113
down €25,113 (-39.5%), from €63,630 to €38,517
- Reserves +€10,306
up €10,306 (+52.9%), from €19,484 to €29,790
- Depreciation +€36,040
up €36,040 (+47.0%), from €76,622 to €112,661
- Gross operating margin +€34,327
up €34,327 (+22.7%), from €150,963 to €185,290
- Taxes -€4,895
down €4,895 (-56.0%), from €8,748 to €3,853
- Financial charges +€4,132
up €4,132 (+51.3%), from €8,050 to €12,182
- Other operating charges +€4,082
up €4,082 (+362.1%), from €1,127 to €5,209
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 | €494,866 | €469,437 | -€25,429 | -5.1% |
| Fixed assets | 21/28 | €397,135 | €376,897 | -€20,238 | -5.1% |
| Intangible fixed assets | 21 | €329 | €2,083 | +€1,754 | +532.6% |
| Tangible fixed assets | 22/27 | €395,806 | €373,814 | -€21,992 | -5.6% |
| Plant, machinery and equipment | 23 | €190,980 | €157,846 | -€33,134 | -17.3% |
| Furniture and vehicles | 24 | €203,959 | €215,534 | +€11,576 | +5.7% |
| Other tangible fixed assets | 26 | €867 | €434 | -€434 | -50.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €97,731 | €92,540 | -€5,191 | -5.3% |
| Amounts receivable within one year | 40/41 | €47,055 | €74,188 | +€27,133 | +57.7% |
| Trade receivables | 40 | €47,055 | €74,188 | +€27,133 | +57.7% |
| Cash at bank and in hand | 54/58 | €50,676 | €14,513 | -€36,163 | -71.4% |
| Deferred charges and accrued income | 490/1 | - | €3,839 | +€3,839 | |
| Total equity and liabilities | 10/49 | €494,866 | €469,437 | -€25,429 | -5.1% |
| Equity | 10/15 | €71,404 | €81,710 | +€10,306 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,484 | €29,790 | +€10,306 | +52.9% |
| Distributable reserves | 133 | €19,484 | €29,790 | +€10,306 | +52.9% |
| Profit (loss) carried forward | 14 | €33,320 | €33,320 | = | 0.0% |
| Amounts payable | 17/49 | €423,462 | €387,727 | -€35,735 | -8.4% |
| Amounts payable after more than one year | 17 | €179,525 | €215,472 | +€35,947 | +20.0% |
| Financial debts | 170/4 | €179,525 | €215,472 | +€35,947 | +20.0% |
| Amounts payable within one year | 42/48 | €243,937 | €172,255 | -€71,682 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €26,445 | €72,560 | +€46,115 | +174.4% |
| Trade debts | 44 | €142,444 | €45,135 | -€97,309 | -68.3% |
| Suppliers | 440/4 | €142,444 | €45,135 | -€97,309 | -68.3% |
| Taxes, remuneration and social security | 45 | €11,418 | €16,044 | +€4,626 | +40.5% |
| Taxes | 450/3 | €8,111 | €12,581 | +€4,470 | +55.1% |
| Remuneration and social security | 454/9 | €3,307 | €3,463 | +€156 | +4.7% |
| Other amounts payable | 47/48 | €63,630 | €38,517 | -€25,113 | -39.5% |
| Remuneration, social security and pensions | 62 | €37,230 | €41,147 | +€3,917 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,622 | €112,661 | +€36,040 | +47.0% |
| Other operating charges | 640/8 | €1,127 | €5,209 | +€4,082 | +362.1% |
| Gross operating margin | 9900 | €150,963 | €185,290 | +€34,327 | +22.7% |
| Operating profit (loss) | 9901 | €35,984 | €26,272 | -€9,711 | -27.0% |
| Financial income | 75/76B | €299 | €69 | -€229 | -76.8% |
| Recurring financial income | 75 | €299 | €69 | -€229 | -76.8% |
| Financial charges | 65/66B | €8,050 | €12,182 | +€4,132 | +51.3% |
| Recurring financial charges | 65 | €8,050 | €12,182 | +€4,132 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €28,232 | €14,159 | -€14,073 | -49.8% |
| Income taxes | 67/77 | €8,748 | €3,853 | -€4,895 | -56.0% |
| Profit (loss) for the period | 9904 | €19,484 | €10,306 | -€9,178 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,484 | €10,306 | -€9,178 | -47.1% |
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 9 October 2026 via checked.be.