4Best Projects: 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 Projects
Largest movements
- Tangible fixed assets -€149,424
down €149,424 (-12.9%), from €1.2m to €1.0m
of which Leasing and similar rights: -€96,413
- Receivables within one year +€109,291
up €109,291 (+34.5%), from €317,175 to €426,466
of which Trade receivables: +€131,055
- Cash +€49,376
up €49,376 (+128%), from €38,517 to €87,893
mainly Net result for the year (+€244,011) and Depreciation (+€196,297)
- Reserves +€244,011
up €244,011 (+122%), from €199,285 to €443,296
- Debts after one year -€144,809
down €144,809 (-18.4%), from €788,035 to €643,226
- Trade debts -€119,075
down €119,075 (-50.0%), from €238,305 to €119,230
- Short-term financial debts +€103,333
up €103,333 (+282%), from €36,667 to €140,000
- Other debts -€96,254
down €96,254 (-97.6%), from €98,586 to €2,332
- Gross operating margin +€356,497
up €356,497 (+87.4%), from €407,751 to €764,248
- Taxes +€107,629
up €107,629 (+1,512%), from €7,120 to €114,749
- Depreciation +€35,755
up €35,755 (+22.3%), from €160,542 to €196,297
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 | €1,532,887 | €1,536,012 | +€3,125 | +0.2% |
| Fixed assets | 21/28 | €1,161,308 | €1,014,134 | -€147,174 | -12.7% |
| Tangible fixed assets | 22/27 | €1,161,308 | €1,011,884 | -€149,424 | -12.9% |
| Land and buildings | 22 | €484,291 | €481,141 | -€3,150 | -0.7% |
| Plant, machinery and equipment | 23 | €129,003 | €113,172 | -€15,831 | -12.3% |
| Furniture and vehicles | 24 | €100,083 | €66,053 | -€34,030 | -34.0% |
| Leasing and similar rights | 25 | €447,931 | €351,518 | -€96,413 | -21.5% |
| Financial fixed assets | 28 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €371,579 | €521,878 | +€150,299 | +40.4% |
| Stocks and contracts in progress | 3 | €13,603 | €960 | -€12,643 | -92.9% |
| Stocks | 30/36 | €13,603 | €960 | -€12,643 | -92.9% |
| Amounts receivable within one year | 40/41 | €317,175 | €426,466 | +€109,291 | +34.5% |
| Trade receivables | 40 | €233,603 | €364,658 | +€131,055 | +56.1% |
| Other amounts receivable | 41 | €83,572 | €61,808 | -€21,764 | -26.0% |
| Cash at bank and in hand | 54/58 | €38,517 | €87,893 | +€49,376 | +128% |
| Deferred charges and accrued income | 490/1 | €2,284 | €6,559 | +€4,275 | +187% |
| Total equity and liabilities | 10/49 | €1,532,887 | €1,536,012 | +€3,125 | +0.2% |
| Equity | 10/15 | €209,285 | €453,296 | +€244,011 | +117% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €199,285 | €443,296 | +€244,011 | +122% |
| Distributable reserves | 133 | €199,285 | €443,296 | +€244,011 | +122% |
| Amounts payable | 17/49 | €1,323,602 | €1,082,716 | -€240,886 | -18.2% |
| Amounts payable after more than one year | 17 | €788,035 | €643,226 | -€144,809 | -18.4% |
| Financial debts | 170/4 | €788,035 | €643,226 | -€144,809 | -18.4% |
| Amounts payable within one year | 42/48 | €535,567 | €439,490 | -€96,077 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €162,009 | €177,928 | +€15,919 | +9.8% |
| Financial debts | 43 | €36,667 | €140,000 | +€103,333 | +282% |
| Credit institutions | 430/8 | €36,667 | €140,000 | +€103,333 | +282% |
| Trade debts | 44 | €238,305 | €119,230 | -€119,075 | -50.0% |
| Suppliers | 440/4 | €238,305 | €119,230 | -€119,075 | -50.0% |
| Other amounts payable | 47/48 | €98,586 | €2,332 | -€96,254 | -97.6% |
| Remuneration, social security and pensions | 62 | €162,890 | €161,508 | -€1,382 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,542 | €196,297 | +€35,755 | +22.3% |
| Other operating charges | 640/8 | €7,841 | €7,937 | +€96 | +1.2% |
| Gross operating margin | 9900 | €407,751 | €764,248 | +€356,497 | +87.4% |
| Operating profit (loss) | 9901 | €76,478 | €398,506 | +€322,028 | +421% |
| Financial income | 75/76B | €3,332 | €1,935 | -€1,397 | -41.9% |
| Recurring financial income | 75 | €3,332 | €1,935 | -€1,397 | -41.9% |
| Financial charges | 65/66B | €34,897 | €41,681 | +€6,784 | +19.4% |
| Recurring financial charges | 65 | €34,897 | €41,681 | +€6,784 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €44,913 | €358,760 | +€313,847 | +699% |
| Income taxes | 67/77 | €7,120 | €114,749 | +€107,629 | +1,512% |
| Profit (loss) for the period | 9904 | €37,793 | €244,011 | +€206,218 | +546% |
| Profit (loss) for the period to be appropriated | 9905 | €37,793 | €244,011 | +€206,218 | +546% |
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 19 October 2026 via checked.be.