4Best: 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.
4Best
Largest movements
- Receivables within one year +€279,646
up €279,646 (+39.6%), from €706,425 to €986,071
of which Other amounts receivable: +€187,929
- Cash +€152,584
up €152,584 (+50.7%), from €301,193 to €453,777
mainly Depreciation (+€313,017) and Net result for the year (+€256,141)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Stocks and contracts +€49,572
up €49,572 (+2,056%), from €2,411 to €51,983
- Short-term financial debts +€235,000
up €235,000 (+94.0%), from €250,000 to €485,000
- Other debts +€106,891
up €106,891 (+137%), from €78,249 to €185,140
- Current portion of long-term debt +€50,724
up €50,724 (+22.8%), from €222,271 to €272,995
- Gross operating margin +€310,925
up €310,925 (+18.0%), from €1.7m to €2.0m
- Staff costs +€189,655
up €189,655 (+21.0%), from €902,824 to €1.1m
- Taxes +€187,216
up €187,216 (+350%), from €53,495 to €240,711
- Depreciation +€92,055
up €92,055 (+41.7%), from €220,962 to €313,017
- Financial charges +€34,326
up €34,326 (+47.8%), from €71,839 to €106,165
of which Financial charges: +€18,165
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 | €3,894,324 | €4,290,539 | +€396,215 | +10.2% |
| Fixed assets | 21/28 | €2,786,763 | €2,773,155 | -€13,608 | -0.5% |
| Tangible fixed assets | 22/27 | €2,780,233 | €2,766,625 | -€13,608 | -0.5% |
| Land and buildings | 22 | €1,877,567 | €1,690,217 | -€187,350 | -10.0% |
| Plant, machinery and equipment | 23 | €366,739 | €644,462 | +€277,723 | +75.7% |
| Furniture and vehicles | 24 | €71,836 | €78,595 | +€6,759 | +9.4% |
| Leasing and similar rights | 25 | €464,091 | €353,351 | -€110,740 | -23.9% |
| Financial fixed assets | 28 | €6,530 | €6,530 | = | 0.0% |
| Current assets | 29/58 | €1,107,561 | €1,517,384 | +€409,823 | +37.0% |
| Stocks and contracts in progress | 3 | €2,411 | €51,983 | +€49,572 | +2,056% |
| Stocks | 30/36 | €2,411 | €51,983 | +€49,572 | +2,056% |
| Amounts receivable within one year | 40/41 | €706,425 | €986,071 | +€279,646 | +39.6% |
| Trade receivables | 40 | €615,177 | €706,894 | +€91,717 | +14.9% |
| Other amounts receivable | 41 | €91,248 | €279,177 | +€187,929 | +206% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €301,193 | €453,777 | +€152,584 | +50.7% |
| Deferred charges and accrued income | 490/1 | €47,532 | €25,553 | -€21,979 | -46.2% |
| Total equity and liabilities | 10/49 | €3,894,324 | €4,290,539 | +€396,215 | +10.2% |
| Equity | 10/15 | €1,316,370 | €1,319,371 | +€3,001 | +0.2% |
| Contributions | 10/11 | €800 | €800 | = | 0.0% |
| Reserves | 13 | €1,315,570 | €1,318,571 | +€3,001 | +0.2% |
| Tax-exempt reserves | 132 | €526,250 | €482,045 | -€44,205 | -8.4% |
| Distributable reserves | 133 | €789,320 | €836,526 | +€47,206 | +6.0% |
| Amounts payable | 17/49 | €2,577,954 | €2,971,168 | +€393,214 | +15.3% |
| Amounts payable after more than one year | 17 | €1,602,704 | €1,567,907 | -€34,797 | -2.2% |
| Financial debts | 170/4 | €1,602,704 | €1,567,907 | -€34,797 | -2.2% |
| Amounts payable within one year | 42/48 | €975,250 | €1,403,261 | +€428,011 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €222,271 | €272,995 | +€50,724 | +22.8% |
| Financial debts | 43 | €250,000 | €485,000 | +€235,000 | +94.0% |
| Credit institutions | 430/8 | €250,000 | €485,000 | +€235,000 | +94.0% |
| Trade debts | 44 | €379,493 | €405,372 | +€25,879 | +6.8% |
| Suppliers | 440/4 | €379,493 | €405,372 | +€25,879 | +6.8% |
| Taxes, remuneration and social security | 45 | €45,237 | €54,754 | +€9,517 | +21.0% |
| Taxes | 450/3 | €627 | €143 | -€484 | -77.2% |
| Remuneration and social security | 454/9 | €44,610 | €54,611 | +€10,001 | +22.4% |
| Other amounts payable | 47/48 | €78,249 | €185,140 | +€106,891 | +137% |
| Non-recurring operating income | 76A | - | €8,817 | +€8,817 | |
| Remuneration, social security and pensions | 62 | €902,824 | €1,092,479 | +€189,655 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,962 | €313,017 | +€92,055 | +41.7% |
| Other operating charges | 640/8 | €20,844 | €36,788 | +€15,944 | +76.5% |
| Gross operating margin | 9900 | €1,723,484 | €2,034,409 | +€310,925 | +18.0% |
| Operating profit (loss) | 9901 | €578,854 | €592,125 | +€13,271 | +2.3% |
| Financial income | 75/76B | €6,586 | €10,892 | +€4,306 | +65.4% |
| Recurring financial income | 75 | €5,706 | €10,892 | +€5,186 | +90.9% |
| Non-recurring financial income | 76B | €880 | - | -€880 | |
| Financial charges | 65/66B | €71,839 | €106,165 | +€34,326 | +47.8% |
| Recurring financial charges | 65 | €71,839 | €90,004 | +€18,165 | +25.3% |
| Non-recurring financial charges | 66B | - | €16,161 | +€16,161 | |
| Profit (loss) for the period before taxes | 9903 | €513,601 | €496,852 | -€16,749 | -3.3% |
| Income taxes | 67/77 | €53,495 | €240,711 | +€187,216 | +350% |
| Profit (loss) for the period | 9904 | €460,106 | €256,141 | -€203,965 | -44.3% |
| Transfer from tax-exempt reserves | 789 | - | €44,205 | +€44,205 | |
| Transfer to tax-exempt reserves | 689 | €315,750 | - | -€315,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €144,356 | €300,346 | +€155,990 | +108% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.