4D TRANS: 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.
4D TRANS
Largest movements
- Receivables within one year +€266,547
up €266,547 (+26.8%), from €995,110 to €1.3m
of which Other amounts receivable: +€213,525
- Tangible fixed assets -€149,710
down €149,710 (-6.6%), from €2.3m to €2.1m
of which Leasing and similar rights: -€162,696
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Deferred charges and accrued income +€58,851
up €58,851 (+67.9%), from €86,638 to €145,490
- Short-term financial debts +€287,484
up €287,484 (+210%), from €136,627 to €424,111
of which Credit institutions: +€239,889
- Reserves -€193,411
down €193,411 (-24.9%), from €775,560 to €582,149
- Tax, wage and social debts +€115,712
up €115,712 (+25.7%), from €450,591 to €566,303
of which Remuneration and social security: +€96,531
- Debts after one year -€107,857
down €107,857 (-8.5%), from €1.3m to €1.2m
- Trade debts +€42,566
up €42,566 (+19.8%), from €214,802 to €257,369
- Staff costs +€317,958
up €317,958 (+11.5%), from €2.8m to €3.1m
- Gross operating margin +€277,879
up €277,879 (+7.4%), from €3.7m to €4.0m
- Depreciation +€88,560
up €88,560 (+14.3%), from €619,798 to €708,358
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 | €3,552,674 | €3,694,111 | +€141,437 | +4.0% |
| Fixed assets | 21/28 | €2,267,294 | €2,154,549 | -€112,745 | -5.0% |
| Intangible fixed assets | 21 | - | €36,695 | +€36,695 | |
| Tangible fixed assets | 22/27 | €2,262,754 | €2,113,044 | -€149,710 | -6.6% |
| Plant, machinery and equipment | 23 | €61,233 | €139,566 | +€78,333 | +128% |
| Furniture and vehicles | 24 | €115,814 | €51,077 | -€64,738 | -55.9% |
| Leasing and similar rights | 25 | €2,085,097 | €1,922,401 | -€162,696 | -7.8% |
| Other tangible fixed assets | 26 | €610 | €0 | -€610 | -100% |
| Financial fixed assets | 28 | €4,540 | €4,810 | +€270 | +5.9% |
| Current assets | 29/58 | €1,285,380 | €1,539,562 | +€254,181 | +19.8% |
| Amounts receivable within one year | 40/41 | €995,110 | €1,261,657 | +€266,547 | +26.8% |
| Trade receivables | 40 | €781,104 | €834,126 | +€53,022 | +6.8% |
| Other amounts receivable | 41 | €214,006 | €427,531 | +€213,525 | +99.8% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €103,632 | €132,415 | +€28,783 | +27.8% |
| Deferred charges and accrued income | 490/1 | €86,638 | €145,490 | +€58,851 | +67.9% |
| Total equity and liabilities | 10/49 | €3,552,674 | €3,694,111 | +€141,437 | +4.0% |
| Equity | 10/15 | €864,530 | €671,118 | -€193,411 | -22.4% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Reserves | 13 | €775,560 | €582,149 | -€193,411 | -24.9% |
| Distributable reserves | 133 | €775,560 | €582,149 | -€193,411 | -24.9% |
| Profit (loss) carried forward | 14 | €370 | €370 | = | 0.0% |
| Amounts payable | 17/49 | €2,688,144 | €3,022,992 | +€334,848 | +12.5% |
| Amounts payable after more than one year | 17 | €1,270,984 | €1,163,127 | -€107,857 | -8.5% |
| Financial debts | 170/4 | €1,270,984 | €1,163,127 | -€107,857 | -8.5% |
| Amounts payable within one year | 42/48 | €1,416,032 | €1,858,981 | +€442,948 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €580,942 | €611,199 | +€30,257 | +5.2% |
| Financial debts | 43 | €136,627 | €424,111 | +€287,484 | +210% |
| Credit institutions | 430/8 | €59,222 | €299,111 | +€239,889 | +405% |
| Other loans | 439 | €77,405 | €125,000 | +€47,595 | +61.5% |
| Trade debts | 44 | €214,802 | €257,369 | +€42,566 | +19.8% |
| Suppliers | 440/4 | €214,802 | €257,369 | +€42,566 | +19.8% |
| Taxes, remuneration and social security | 45 | €450,591 | €566,303 | +€115,712 | +25.7% |
| Taxes | 450/3 | €102,148 | €121,329 | +€19,181 | +18.8% |
| Remuneration and social security | 454/9 | €348,443 | €444,974 | +€96,531 | +27.7% |
| Other amounts payable | 47/48 | €33,070 | €0 | -€33,070 | -100% |
| Accrued charges and deferred income | 492/3 | €1,128 | €884 | -€244 | -21.6% |
| Remuneration, social security and pensions | 62 | €2,761,984 | €3,079,942 | +€317,958 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €619,798 | €708,358 | +€88,560 | +14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,095 | -€474 | -€1,569 | |
| Other operating charges | 640/8 | €17,416 | €8,916 | -€8,500 | -48.8% |
| Gross operating margin | 9900 | €3,731,299 | €4,009,178 | +€277,879 | +7.4% |
| Operating profit (loss) | 9901 | €331,006 | €212,437 | -€118,569 | -35.8% |
| Financial income | 75/76B | €3,632 | €9,816 | +€6,184 | +170% |
| Recurring financial income | 75 | €3,632 | €9,816 | +€6,184 | +170% |
| Financial charges | 65/66B | €105,374 | €98,605 | -€6,769 | -6.4% |
| Recurring financial charges | 65 | €105,374 | €98,605 | -€6,769 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €229,264 | €123,648 | -€105,616 | -46.1% |
| Income taxes | 67/77 | €68,257 | €35,060 | -€33,197 | -48.6% |
| Profit (loss) for the period | 9904 | €161,007 | €88,589 | -€72,419 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €161,007 | €88,589 | -€72,419 | -45.0% |
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 15 October 2026 via checked.be.