4BUILD: 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.
4BUILD
Largest movements
- Tangible fixed assets +€69,543
up €69,543 (+296%), from €23,494 to €93,037
of which Furniture and vehicles: +€68,380
- Cash +€22,117
up €22,117 (+338%), from €6,553 to €28,670
mainly Net result for the year (+€26,469) and Debts after one year (+€20,000)
- Receivables within one year -€19,967
down €19,967 (-24.3%), from €82,276 to €62,310
of which Trade receivables: -€28,963
- Stocks and contracts -€2,000
down €2,000 (-100%), from €2,000 to €0
- Reserves +€24,567
up €24,567 (+90.0%), from €27,300 to €51,867
of which Distributable reserves: +€24,567
- Debts after one year +€20,000
up €20,000 (+200%), from €10,000 to €30,000
- Other debts +€13,740
up €13,740 (+162%), from €8,489 to €22,229
- Tax, wage and social debts +€10,363
new in 2025: €10,363
- Trade debts +€2,338
up €2,338 (+4.5%), from €51,849 to €54,188
- Gross operating margin +€18,051
up €18,051 (+51.8%), from €34,881 to €52,933
- Taxes +€9,649
up €9,649, from €0 to €9,649
- Depreciation +€5,261
up €5,261 (+55.2%), from €9,528 to €14,789
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 | €117,618 | €188,696 | +€71,078 | +60.4% |
| Fixed assets | 21/28 | €23,629 | €93,172 | +€69,543 | +294% |
| Tangible fixed assets | 22/27 | €23,494 | €93,037 | +€69,543 | +296% |
| Plant, machinery and equipment | 23 | €7,656 | €8,923 | +€1,267 | +16.5% |
| Furniture and vehicles | 24 | €15,733 | €84,113 | +€68,380 | +435% |
| Other tangible fixed assets | 26 | €104 | €0 | -€104 | -100% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €93,990 | €95,525 | +€1,535 | +1.6% |
| Stocks and contracts in progress | 3 | €2,000 | €0 | -€2,000 | -100% |
| Stocks | 30/36 | €2,000 | €0 | -€2,000 | -100% |
| Amounts receivable within one year | 40/41 | €82,276 | €62,310 | -€19,967 | -24.3% |
| Trade receivables | 40 | €74,273 | €45,310 | -€28,963 | -39.0% |
| Other amounts receivable | 41 | €8,003 | €17,000 | +€8,997 | +112% |
| Cash at bank and in hand | 54/58 | €6,553 | €28,670 | +€22,117 | +338% |
| Deferred charges and accrued income | 490/1 | €3,160 | €4,545 | +€1,385 | +43.8% |
| Total equity and liabilities | 10/49 | €117,618 | €188,696 | +€71,078 | +60.4% |
| Equity | 10/15 | €47,280 | €70,417 | +€23,137 | +48.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €27,300 | €51,867 | +€24,567 | +90.0% |
| Tax-exempt reserves | 132 | €7,300 | €7,300 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €44,567 | +€24,567 | +123% |
| Profit (loss) carried forward | 14 | €1,430 | €0 | -€1,430 | -100% |
| Amounts payable | 17/49 | €70,339 | €118,280 | +€47,941 | +68.2% |
| Amounts payable after more than one year | 17 | €10,000 | €30,000 | +€20,000 | +200% |
| Financial debts | 170/4 | €10,000 | €30,000 | +€20,000 | +200% |
| Amounts payable within one year | 42/48 | €60,339 | €86,780 | +€26,441 | +43.8% |
| Trade debts | 44 | €51,849 | €54,188 | +€2,338 | +4.5% |
| Suppliers | 440/4 | €51,849 | €54,188 | +€2,338 | +4.5% |
| Taxes, remuneration and social security | 45 | - | €10,363 | +€10,363 | |
| Taxes | 450/3 | - | €10,363 | +€10,363 | |
| Other amounts payable | 47/48 | €8,489 | €22,229 | +€13,740 | +162% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,528 | €14,789 | +€5,261 | +55.2% |
| Other operating charges | 640/8 | €2,197 | €1,855 | -€342 | -15.5% |
| Non-recurring operating charges | 66A | €35,000 | €0 | -€35,000 | -100% |
| Gross operating margin | 9900 | €34,881 | €52,933 | +€18,051 | +51.8% |
| Operating profit (loss) | 9901 | -€11,844 | €36,288 | +€48,132 | |
| Financial income | 75/76B | €0 | €30 | +€30 | +6,613% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +6,613% |
| Financial charges | 65/66B | €110 | €200 | +€90 | +82.0% |
| Recurring financial charges | 65 | €110 | €200 | +€90 | +82.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,953 | €36,118 | +€48,072 | |
| Income taxes | 67/77 | €0 | €9,649 | +€9,649 | |
| Profit (loss) for the period | 9904 | -€11,953 | €26,469 | +€38,422 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,953 | €26,469 | +€38,422 |
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 17 October 2026 via checked.be.