4D VISION: 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 VISION
Largest movements
- Receivables within one year +€23,459
up €23,459 (+6.7%), from €350,859 to €374,318
of which Trade receivables: +€24,429
- Cash -€9,901
down €9,901 (-6.1%), from €161,615 to €151,714
mainly Contributions, distributions and other (-€110,000) and Tax, wage and social debts (-€26,175)
- Financial fixed assets -€7,882
down €7,882 (-43.4%), from €18,152 to €10,270
- Trade debts +€45,650
up €45,650 (+38.7%), from €117,817 to €163,467
- Profit (loss) carried forward -€35,229
down €35,229 (-33.0%), from €106,651 to €71,422
- Tax, wage and social debts -€26,175
down €26,175 (-37.4%), from €69,983 to €43,808
of which Taxes: -€35,276
- Other debts +€20,000
up €20,000 (+22.2%), from €90,000 to €110,000
- Staff costs +€93,975
up €93,975 (+14.7%), from €638,575 to €732,550
- Gross operating margin +€75,590
up €75,590 (+9.8%), from €769,661 to €845,251
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 | €551,959 | €557,016 | +€5,057 | +0.9% |
| Fixed assets | 21/28 | €35,057 | €21,720 | -€13,337 | -38.0% |
| Tangible fixed assets | 22/27 | €16,905 | €11,450 | -€5,455 | -32.3% |
| Plant, machinery and equipment | 23 | €12,226 | €7,903 | -€4,323 | -35.4% |
| Furniture and vehicles | 24 | €4,679 | €3,547 | -€1,132 | -24.2% |
| Financial fixed assets | 28 | €18,152 | €10,270 | -€7,882 | -43.4% |
| Current assets | 29/58 | €516,902 | €535,296 | +€18,394 | +3.6% |
| Amounts receivable within one year | 40/41 | €350,859 | €374,318 | +€23,459 | +6.7% |
| Trade receivables | 40 | €349,721 | €374,150 | +€24,429 | +7.0% |
| Other amounts receivable | 41 | €1,138 | €168 | -€970 | -85.2% |
| Cash at bank and in hand | 54/58 | €161,615 | €151,714 | -€9,901 | -6.1% |
| Deferred charges and accrued income | 490/1 | €4,428 | €9,264 | +€4,836 | +109% |
| Total equity and liabilities | 10/49 | €551,959 | €557,016 | +€5,057 | +0.9% |
| Equity | 10/15 | €236,451 | €201,222 | -€35,229 | -14.9% |
| Contributions | 10/11 | €118,000 | €118,000 | = | 0.0% |
| Capital | 10 | €118,000 | €118,000 | = | 0.0% |
| Issued capital | 100 | €118,000 | €118,000 | = | 0.0% |
| Reserves | 13 | €11,800 | €11,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,800 | €11,800 | = | 0.0% |
| Legal reserve | 130 | €11,800 | €11,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,651 | €71,422 | -€35,229 | -33.0% |
| Amounts payable | 17/49 | €315,508 | €355,794 | +€40,286 | +12.8% |
| Amounts payable after more than one year | 17 | €420 | - | -€420 | |
| Financial debts | 170/4 | €420 | - | -€420 | |
| Amounts payable within one year | 42/48 | €315,088 | €355,794 | +€40,706 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €2,474 | €421 | -€2,053 | -83.0% |
| Financial debts | 43 | €34,814 | €38,098 | +€3,284 | +9.4% |
| Credit institutions | 430/8 | €34,814 | €38,098 | +€3,284 | +9.4% |
| Trade debts | 44 | €117,817 | €163,467 | +€45,650 | +38.7% |
| Suppliers | 440/4 | €117,817 | €163,467 | +€45,650 | +38.7% |
| Taxes, remuneration and social security | 45 | €69,983 | €43,808 | -€26,175 | -37.4% |
| Taxes | 450/3 | €44,175 | €8,899 | -€35,276 | -79.9% |
| Remuneration and social security | 454/9 | €25,808 | €34,909 | +€9,101 | +35.3% |
| Other amounts payable | 47/48 | €90,000 | €110,000 | +€20,000 | +22.2% |
| Remuneration, social security and pensions | 62 | €638,575 | €732,550 | +€93,975 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,916 | €9,315 | +€2,399 | +34.7% |
| Other operating charges | 640/8 | €643 | €1,270 | +€627 | +97.5% |
| Gross operating margin | 9900 | €769,661 | €845,251 | +€75,590 | +9.8% |
| Operating profit (loss) | 9901 | €123,527 | €102,116 | -€21,411 | -17.3% |
| Financial income | 75/76B | - | €304 | +€304 | |
| Recurring financial income | 75 | - | €304 | +€304 | |
| Financial charges | 65/66B | €2,726 | €2,332 | -€394 | -14.5% |
| Recurring financial charges | 65 | €2,726 | €2,332 | -€394 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €120,801 | €100,088 | -€20,713 | -17.1% |
| Income taxes | 67/77 | €30,140 | €25,317 | -€4,823 | -16.0% |
| Profit (loss) for the period | 9904 | €90,661 | €74,771 | -€15,890 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,661 | €74,771 | -€15,890 | -17.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.