4D VENTURE CAPITAL: what changed
4D VENTURE CAPITAL
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Financial fixed assets -€33,574
down €33,574 (-6.3%), from €533,635 to €500,061
- Cash -€10,651
down €10,651 (-58.9%), from €18,078 to €7,428
mainly Current investments (-€40,000) and Net result for the year (-€7,886)
- Profit (loss) carried forward -€7,886
down €7,886 (-30.9%), from -€25,498 to -€33,384
- Gross operating margin +€27,795
up €27,795 (+80.1%), from -€34,690 to -€6,895
- Financial income -€12,322
down €12,322 (-86.1%), from €14,306 to €1,984
- Financial charges -€1,750
down €1,750 (-85.6%), from €2,046 to €295
- Other operating charges -€633
down €633 (-54.9%), from €1,154 to €521
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 | €578,235 | €571,693 | -€6,542 | -1.1% |
| Fixed assets | 21/28 | €542,519 | €506,786 | -€35,733 | -6.6% |
| Intangible fixed assets | 21 | €8,884 | €6,724 | -€2,160 | -24.3% |
| Financial fixed assets | 28 | €533,635 | €500,061 | -€33,574 | -6.3% |
| Current assets | 29/58 | €35,716 | €64,907 | +€29,191 | +81.7% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42 | €104 | +€63 | +150% |
| Other amounts receivable | 41 | €42 | €104 | +€63 | +150% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €18,078 | €7,428 | -€10,651 | -58.9% |
| Deferred charges and accrued income | 490/1 | €2,596 | €2,375 | -€221 | -8.5% |
| Total equity and liabilities | 10/49 | €578,235 | €571,693 | -€6,542 | -1.1% |
| Equity | 10/15 | €574,502 | €566,616 | -€7,886 | -1.4% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,498 | -€33,384 | -€7,886 | -30.9% |
| Amounts payable | 17/49 | €3,733 | €5,077 | +€1,344 | +36.0% |
| Amounts payable within one year | 42/48 | €149 | €1,476 | +€1,327 | +893% |
| Trade debts | 44 | €149 | €1,476 | +€1,327 | +893% |
| Suppliers | 440/4 | €149 | €1,476 | +€1,327 | +893% |
| Accrued charges and deferred income | 492/3 | €3,584 | €3,601 | +€17 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,915 | €2,160 | +€245 | +12.8% |
| Other operating charges | 640/8 | €1,154 | €521 | -€633 | -54.9% |
| Gross operating margin | 9900 | -€34,690 | -€6,895 | +€27,795 | +80.1% |
| Operating profit (loss) | 9901 | -€37,758 | -€9,575 | +€28,183 | +74.6% |
| Financial income | 75/76B | €14,306 | €1,984 | -€12,322 | -86.1% |
| Recurring financial income | 75 | €14,306 | €1,984 | -€12,322 | -86.1% |
| Financial charges | 65/66B | €2,046 | €295 | -€1,750 | -85.6% |
| Recurring financial charges | 65 | €2,046 | €295 | -€1,750 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,498 | -€7,886 | +€17,612 | +69.1% |
| Profit (loss) for the period | 9904 | -€25,498 | -€7,886 | +€17,612 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,498 | -€7,886 | +€17,612 | +69.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.