4DORI: what changed
Two fiscal 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.
4DORI
Largest movements
- Receivables within one year +€98,516
up €98,516 (+40.6%), from €242,840 to €341,356
of which Trade receivables: +€54,494
- Financial fixed assets -€79,950
down €79,950 (-73.8%), from €108,352 to €28,402
- Cash -€75,302
down €75,302 (-87.4%), from €86,136 to €10,834
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€98,516)
- Tangible fixed assets -€7,034
down €7,034 (-20.0%), from €35,171 to €28,137
- Profit (loss) carried forward -€97,325
down €97,325 (-34.4%), from €283,178 to €185,853
- Tax, wage and social debts +€37,903
up €37,903 (+72.6%), from €52,228 to €90,132
of which Taxes: +€25,696
- Debts after one year -€18,771
down €18,771 (-34.0%), from €55,204 to €36,433
- Short-term financial debts +€13,973
new in 2025: €13,973
- Taxes +€40,094
up €40,094 (+572.8%), from €7,000 to €47,094
- Gross operating margin -€38,029
down €38,029 (-16.0%), from €238,276 to €200,247
- Staff costs -€13,517
down €13,517 (-10.0%), from €135,246 to €121,728
- Financial income +€11,700
new in 2025: €11,700
- Depreciation +€7,034
new in 2025: €7,034
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 | €473,068 | €410,867 | -€62,201 | -13.1% |
| Fixed assets | 21/28 | €143,523 | €56,539 | -€86,984 | -60.6% |
| Tangible fixed assets | 22/27 | €35,171 | €28,137 | -€7,034 | -20.0% |
| Furniture and vehicles | 24 | €35,171 | €28,137 | -€7,034 | -20.0% |
| Financial fixed assets | 28 | €108,352 | €28,402 | -€79,950 | -73.8% |
| Current assets | 29/58 | €329,545 | €354,328 | +€24,783 | +7.5% |
| Amounts receivable within one year | 40/41 | €242,840 | €341,356 | +€98,516 | +40.6% |
| Trade receivables | 40 | €95,637 | €150,131 | +€54,494 | +57.0% |
| Other amounts receivable | 41 | €147,202 | €191,225 | +€44,023 | +29.9% |
| Cash at bank and in hand | 54/58 | €86,136 | €10,834 | -€75,302 | -87.4% |
| Deferred charges and accrued income | 490/1 | €569 | €2,138 | +€1,569 | +275.5% |
| Total equity and liabilities | 10/49 | €473,068 | €410,867 | -€62,201 | -13.1% |
| Equity | 10/15 | €334,298 | €236,973 | -€97,325 | -29.1% |
| Contributions | 10/11 | €21,120 | €21,120 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,178 | €185,853 | -€97,325 | -34.4% |
| Amounts payable | 17/49 | €138,770 | €173,894 | +€35,124 | +25.3% |
| Amounts payable after more than one year | 17 | €55,204 | €36,433 | -€18,771 | -34.0% |
| Financial debts | 170/4 | €55,204 | €36,433 | -€18,771 | -34.0% |
| Amounts payable within one year | 42/48 | €83,566 | €137,461 | +€53,895 | +64.5% |
| Current portion of amounts payable after more than one year | 42 | €15,336 | €18,771 | +€3,435 | +22.4% |
| Financial debts | 43 | - | €13,973 | +€13,973 | |
| Credit institutions | 430/8 | - | €13,973 | +€13,973 | |
| Trade debts | 44 | €16,002 | €14,585 | -€1,417 | -8.9% |
| Suppliers | 440/4 | €16,002 | €14,585 | -€1,417 | -8.9% |
| Taxes, remuneration and social security | 45 | €52,228 | €90,132 | +€37,903 | +72.6% |
| Taxes | 450/3 | €45,368 | €71,064 | +€25,696 | +56.6% |
| Remuneration and social security | 454/9 | €6,860 | €19,068 | +€12,207 | +177.9% |
| Remuneration, social security and pensions | 62 | €135,246 | €121,728 | -€13,517 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,034 | +€7,034 | |
| Other operating charges | 640/8 | €26,449 | €28,935 | +€2,486 | +9.4% |
| Gross operating margin | 9900 | €238,276 | €200,247 | -€38,029 | -16.0% |
| Operating profit (loss) | 9901 | €76,582 | €42,550 | -€34,032 | -44.4% |
| Financial income | 75/76B | - | €11,700 | +€11,700 | |
| Recurring financial income | 75 | - | €11,700 | +€11,700 | |
| Financial charges | 65/66B | €2,900 | €4,481 | +€1,581 | +54.5% |
| Recurring financial charges | 65 | €2,900 | €4,481 | +€1,581 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €73,682 | €49,769 | -€23,913 | -32.5% |
| Income taxes | 67/77 | €7,000 | €47,094 | +€40,094 | +572.8% |
| Profit (loss) for the period | 9904 | €66,682 | €2,675 | -€64,007 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,682 | €2,675 | -€64,007 | -96.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.