4D & B: 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.
4D & B
Largest movements
- Cash +€374,030
up €374,030 (+160.3%), from €233,350 to €607,380
mainly Advances received (+€440,000) and Stocks and contracts (+€332,125)
- Stocks and contracts -€332,125
down €332,125 (-80.7%), from €411,478 to €79,352
- Receivables within one year +€32,046
up €32,046 (+14.2%), from €225,560 to €257,606
- Other debts -€573,510
down €573,510 (-97.6%), from €587,559 to €14,050
- Advances received +€440,000
new in 2025: €440,000
- Debts after one year +€242,070
new in 2025: €242,070
- Reserves -€55,000
down €55,000 (-91.7%), from €60,000 to €5,000
- Current portion of long-term debt +€45,000
new in 2025: €45,000
- Gross operating margin -€82,518
down €82,518, from €45,604 to -€36,914
- Financial charges +€29,418
up €29,418 (+75431.5%), from €39 to €29,457
- Taxes -€12,274
down €12,274 (-100.0%), from €12,274 to €0
- Financial income +€5,514
up €5,514 (+183.5%), from €3,005 to €8,519
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 | €3,010,144 | €3,088,314 | +€78,170 | +2.6% |
| Fixed assets | 21/28 | €2,138,106 | €2,138,106 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,138,106 | €2,138,106 | = | 0.0% |
| Land and buildings | 22 | €2,138,106 | €2,138,106 | = | 0.0% |
| Current assets | 29/58 | €872,038 | €950,208 | +€78,170 | +9.0% |
| Stocks and contracts in progress | 3 | €411,478 | €79,352 | -€332,125 | -80.7% |
| Stocks | 30/36 | €411,478 | €79,352 | -€332,125 | -80.7% |
| Amounts receivable within one year | 40/41 | €225,560 | €257,606 | +€32,046 | +14.2% |
| Other amounts receivable | 41 | €225,560 | €257,606 | +€32,046 | +14.2% |
| Cash at bank and in hand | 54/58 | €233,350 | €607,380 | +€374,030 | +160.3% |
| Deferred charges and accrued income | 490/1 | €1,650 | €5,869 | +€4,220 | +255.8% |
| Total equity and liabilities | 10/49 | €3,010,144 | €3,088,314 | +€78,170 | +2.6% |
| Equity | 10/15 | €2,404,166 | €2,343,749 | -€60,417 | -2.5% |
| Contributions | 10/11 | €2,338,106 | €2,338,106 | = | 0.0% |
| Reserves | 13 | €60,000 | €5,000 | -€55,000 | -91.7% |
| Distributable reserves | 133 | €60,000 | €5,000 | -€55,000 | -91.7% |
| Profit (loss) carried forward | 14 | €6,060 | €643 | -€5,417 | -89.4% |
| Amounts payable | 17/49 | €605,978 | €744,565 | +€138,587 | +22.9% |
| Amounts payable after more than one year | 17 | - | €242,070 | +€242,070 | |
| Financial debts | 170/4 | - | €242,070 | +€242,070 | |
| Amounts payable within one year | 42/48 | €605,978 | €500,913 | -€105,065 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | - | €45,000 | +€45,000 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Advances received on contracts in progress | 46 | - | €440,000 | +€440,000 | |
| Taxes, remuneration and social security | 45 | €18,419 | €1,863 | -€16,556 | -89.9% |
| Taxes | 450/3 | €18,419 | €1,863 | -€16,556 | -89.9% |
| Other amounts payable | 47/48 | €587,559 | €14,050 | -€573,510 | -97.6% |
| Accrued charges and deferred income | 492/3 | - | €1,582 | +€1,582 | |
| Other operating charges | 640/8 | €2,579 | €2,565 | -€14 | -0.5% |
| Gross operating margin | 9900 | €45,604 | -€36,914 | -€82,518 | |
| Operating profit (loss) | 9901 | €43,026 | -€39,479 | -€82,504 | |
| Financial income | 75/76B | €3,005 | €8,519 | +€5,514 | +183.5% |
| Recurring financial income | 75 | €3,005 | €8,519 | +€5,514 | +183.5% |
| Financial charges | 65/66B | €39 | €29,457 | +€29,418 | +75431.5% |
| Recurring financial charges | 65 | €39 | €29,457 | +€29,418 | +75431.5% |
| Profit (loss) for the period before taxes | 9903 | €45,992 | -€60,417 | -€106,409 | |
| Income taxes | 67/77 | €12,274 | €0 | -€12,274 | -100.0% |
| Profit (loss) for the period | 9904 | €33,718 | -€60,417 | -€94,135 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,718 | -€60,417 | -€94,135 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.