4DEJAN: 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.
4DEJAN
Largest movements
- Tangible fixed assets -€16,876
down €16,876 (-17.6%), from €96,112 to €79,236
of which Plant, machinery and equipment: -€10,663
- Receivables within one year -€9,306
down €9,306 (-28.6%), from €32,517 to €23,211
of which Other amounts receivable: -€9,198
- Cash +€3,953
up €3,953 (+16.3%), from €24,255 to €28,209
mainly Net result for the year (+€37,530) and Depreciation (+€18,378)
- Profit (loss) carried forward +€27,530
up €27,530 (+42.0%), from €65,579 to €93,109
- Reserves -€27,100
no longer reported in 2025 (was €27,100)
- Tax, wage and social debts -€12,812
down €12,812 (-69.8%), from €18,344 to €5,532
of which Taxes: -€12,812
- Debts after one year -€12,647
down €12,647 (-33.3%), from €37,961 to €25,314
- Other debts +€8,500
new in 2025: €8,500
- Gross operating margin +€32,812
up €32,812 (+97.2%), from €33,772 to €66,584
- Taxes -€4,898
down €4,898 (-49.3%), from €9,933 to €5,035
- Financial charges -€1,335
down €1,335 (-25.4%), from €5,255 to €3,920
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 | €201,015 | €177,652 | -€23,363 | -11.6% |
| Fixed assets | 21/28 | €100,116 | €82,361 | -€17,755 | -17.7% |
| Intangible fixed assets | 21 | €3,964 | €3,057 | -€907 | -22.9% |
| Tangible fixed assets | 22/27 | €96,112 | €79,236 | -€16,876 | -17.6% |
| Plant, machinery and equipment | 23 | €69,094 | €58,431 | -€10,663 | -15.4% |
| Furniture and vehicles | 24 | €9,449 | €8,363 | -€1,086 | -11.5% |
| Leasing and similar rights | 25 | €16,644 | €11,656 | -€4,988 | -30.0% |
| Other tangible fixed assets | 26 | €926 | €786 | -€140 | -15.1% |
| Financial fixed assets | 28 | €40 | €68 | +€29 | +72.9% |
| Current assets | 29/58 | €100,899 | €95,291 | -€5,608 | -5.6% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,198 | €2,973 | -€225 | -7.0% |
| Stocks | 30/36 | €3,198 | €2,973 | -€225 | -7.0% |
| Amounts receivable within one year | 40/41 | €32,517 | €23,211 | -€9,306 | -28.6% |
| Trade receivables | 40 | €1,009 | €901 | -€108 | -10.7% |
| Other amounts receivable | 41 | €31,508 | €22,310 | -€9,198 | -29.2% |
| Cash at bank and in hand | 54/58 | €24,255 | €28,209 | +€3,953 | +16.3% |
| Deferred charges and accrued income | 490/1 | €929 | €899 | -€30 | -3.2% |
| Total equity and liabilities | 10/49 | €201,015 | €177,652 | -€23,363 | -11.6% |
| Equity | 10/15 | €107,679 | €108,109 | +€430 | +0.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €27,100 | - | -€27,100 | |
| Distributable reserves | 133 | €27,100 | - | -€27,100 | |
| Profit (loss) carried forward | 14 | €65,579 | €93,109 | +€27,530 | +42.0% |
| Amounts payable | 17/49 | €93,336 | €69,543 | -€23,793 | -25.5% |
| Amounts payable after more than one year | 17 | €37,961 | €25,314 | -€12,647 | -33.3% |
| Financial debts | 170/4 | €37,961 | €25,314 | -€12,647 | -33.3% |
| Amounts payable within one year | 42/48 | €55,375 | €44,228 | -€11,146 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €18,901 | €14,344 | -€4,556 | -24.1% |
| Trade debts | 44 | €18,130 | €15,852 | -€2,278 | -12.6% |
| Suppliers | 440/4 | €18,130 | €15,852 | -€2,278 | -12.6% |
| Taxes, remuneration and social security | 45 | €18,344 | €5,532 | -€12,812 | -69.8% |
| Taxes | 450/3 | €18,344 | €5,531 | -€12,812 | -69.8% |
| Remuneration and social security | 454/9 | - | €0 | +€0 | |
| Other amounts payable | 47/48 | - | €8,500 | +€8,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,117 | €18,378 | +€261 | +1.4% |
| Other operating charges | 640/8 | €1,894 | €1,721 | -€172 | -9.1% |
| Gross operating margin | 9900 | €33,772 | €66,584 | +€32,812 | +97.2% |
| Operating profit (loss) | 9901 | €13,761 | €46,485 | +€32,724 | +237.8% |
| Financial income | 75/76B | €1 | €1 | +€0 | +7.7% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +7.7% |
| Financial charges | 65/66B | €5,255 | €3,920 | -€1,335 | -25.4% |
| Recurring financial charges | 65 | €5,255 | €3,920 | -€1,335 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €8,507 | €42,565 | +€34,059 | +400.4% |
| Income taxes | 67/77 | €9,933 | €5,035 | -€4,898 | -49.3% |
| Profit (loss) for the period | 9904 | -€1,427 | €37,530 | +€38,957 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,427 | €37,530 | +€38,957 |
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 10 October 2026 via checked.be.