4D Build: what changed
4D Build
Largest movements
- Stocks and contracts +€77,916
up €77,916 (+1,288%), from €6,050 to €83,966
of which Contracts in progress: +€77,916
- Receivables within one year -€32,945
down €32,945 (-76.5%), from €43,071 to €10,126
of which Trade receivables: -€17,887
- Cash -€1,440
down €1,440 (-30.4%), from €4,732 to €3,292
mainly Stocks and contracts (-€77,916) and Trade debts (-€3,333)
- Other debts +€47,073
new in 2025: €47,073
- Trade debts -€3,333
no longer reported in 2025 (was €3,333)
- Profit (loss) carried forward -€1,161
down €1,161 (-91.3%), from €1,271 to €110
- Gross operating margin -€3,122
down €3,122, from €1,449 to -€1,673
- Financial income +€1,564
up €1,564 (+456%), from €343 to €1,907
- Financial charges +€139
up €139 (+53.9%), from €258 to €397
- Other operating charges +€88
up €88 (+12.9%), from €683 to €771
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,604 | €98,183 | +€42,579 | +76.6% |
| Fixed assets | 21/28 | €681 | €454 | -€227 | -33.3% |
| Tangible fixed assets | 22/27 | €681 | €454 | -€227 | -33.3% |
| Furniture and vehicles | 24 | €681 | €454 | -€227 | -33.3% |
| Current assets | 29/58 | €54,923 | €97,729 | +€42,806 | +77.9% |
| Stocks and contracts in progress | 3 | €6,050 | €83,966 | +€77,916 | +1,288% |
| Stocks | 30/36 | €6,050 | €6,050 | = | 0.0% |
| Contracts in progress | 37 | - | €77,916 | +€77,916 | |
| Amounts receivable within one year | 40/41 | €43,071 | €10,126 | -€32,945 | -76.5% |
| Trade receivables | 40 | €23,289 | €5,402 | -€17,887 | -76.8% |
| Other amounts receivable | 41 | €19,782 | €4,724 | -€15,058 | -76.1% |
| Cash at bank and in hand | 54/58 | €4,732 | €3,292 | -€1,440 | -30.4% |
| Deferred charges and accrued income | 490/1 | €1,070 | €345 | -€725 | -67.8% |
| Total equity and liabilities | 10/49 | €55,604 | €98,183 | +€42,579 | +76.6% |
| Equity | 10/15 | €52,271 | €51,110 | -€1,161 | -2.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Other | 1319 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,271 | €110 | -€1,161 | -91.3% |
| Amounts payable | 17/49 | €3,333 | €47,073 | +€43,740 | +1,312% |
| Amounts payable within one year | 42/48 | €3,333 | €47,073 | +€43,740 | +1,312% |
| Trade debts | 44 | €3,333 | - | -€3,333 | |
| Suppliers | 440/4 | €3,333 | - | -€3,333 | |
| Other amounts payable | 47/48 | - | €47,073 | +€47,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227 | €227 | = | 0.0% |
| Other operating charges | 640/8 | €683 | €771 | +€88 | +12.9% |
| Gross operating margin | 9900 | €1,449 | -€1,673 | -€3,122 | |
| Operating profit (loss) | 9901 | €539 | -€2,671 | -€3,210 | |
| Financial income | 75/76B | €343 | €1,907 | +€1,564 | +456% |
| Recurring financial income | 75 | €343 | €1,907 | +€1,564 | +456% |
| Financial charges | 65/66B | €258 | €397 | +€139 | +53.9% |
| Recurring financial charges | 65 | €258 | €397 | +€139 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | €624 | -€1,161 | -€1,785 | |
| Profit (loss) for the period | 9904 | €624 | -€1,161 | -€1,785 | |
| Profit (loss) for the period to be appropriated | 9905 | €624 | -€1,161 | -€1,785 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.