4LL: 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.
4LL
Largest movements
- Cash -€46,381
down €46,381 (-44.9%), from €103,291 to €56,909
mainly Advances received (-€24,200) and Contributions, distributions and other (-€17,773)
- Tangible fixed assets -€27,696
down €27,696 (-10.3%), from €268,750 to €241,054
of which Furniture and vehicles: -€18,364
- Receivables within one year +€5,706
up €5,706 (+6.3%), from €90,468 to €96,174
of which Other amounts receivable: +€29,185
- Advances received -€24,200
no longer reported in 2025 (was €24,200)
- Profit (loss) carried forward -€16,835
down €16,835 (-6.6%), from -€254,314 to -€271,149
- Other debts -€15,860
down €15,860 (-4.5%), from €349,017 to €333,157
- Current portion of long-term debt -€12,731
no longer reported in 2025 (was €12,731)
- Gross operating margin +€139,015
up €139,015, from -€84,111 to €54,904
- Other operating charges +€6,038
up €6,038 (+268.5%), from €2,249 to €8,286
- Depreciation +€3,689
up €3,689 (+14.4%), from €25,686 to €29,375
- Financial charges -€1,075
down €1,075 (-10.9%), from €9,895 to €8,820
- Staff costs -€926
down €926 (-10.0%), from €9,248 to €8,323
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 | €463,008 | €395,527 | -€67,481 | -14.6% |
| Fixed assets | 21/28 | €269,250 | €241,554 | -€27,696 | -10.3% |
| Tangible fixed assets | 22/27 | €268,750 | €241,054 | -€27,696 | -10.3% |
| Land and buildings | 22 | €214,263 | €204,855 | -€9,409 | -4.4% |
| Plant, machinery and equipment | 23 | €3,898 | €4,138 | +€241 | +6.2% |
| Furniture and vehicles | 24 | €49,010 | €30,646 | -€18,364 | -37.5% |
| Other tangible fixed assets | 26 | €1,578 | €1,415 | -€163 | -10.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €193,759 | €153,973 | -€39,785 | -20.5% |
| Amounts receivable within one year | 40/41 | €90,468 | €96,174 | +€5,706 | +6.3% |
| Trade receivables | 40 | €90,468 | €66,989 | -€23,479 | -26.0% |
| Other amounts receivable | 41 | - | €29,185 | +€29,185 | |
| Cash at bank and in hand | 54/58 | €103,291 | €56,909 | -€46,381 | -44.9% |
| Deferred charges and accrued income | 490/1 | - | €890 | +€890 | |
| Total equity and liabilities | 10/49 | €463,008 | €395,527 | -€67,481 | -14.6% |
| Equity | 10/15 | -€129,614 | -€146,449 | -€16,835 | -13.0% |
| Contributions | 10/11 | €90,600 | €90,600 | = | 0.0% |
| Reserves | 13 | €34,100 | €34,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,600 | €9,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,600 | €9,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,500 | €24,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€254,314 | -€271,149 | -€16,835 | -6.6% |
| Amounts payable | 17/49 | €592,622 | €541,976 | -€50,646 | -8.5% |
| Amounts payable after more than one year | 17 | €178,184 | €179,776 | +€1,592 | +0.9% |
| Financial debts | 170/4 | €178,184 | €179,776 | +€1,592 | +0.9% |
| Amounts payable within one year | 42/48 | €414,439 | €362,200 | -€52,238 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €12,731 | - | -€12,731 | |
| Trade debts | 44 | €6,474 | €5,895 | -€579 | -8.9% |
| Suppliers | 440/4 | €6,474 | €5,895 | -€579 | -8.9% |
| Advances received on contracts in progress | 46 | €24,200 | - | -€24,200 | |
| Taxes, remuneration and social security | 45 | €22,016 | €23,148 | +€1,132 | +5.1% |
| Taxes | 450/3 | €20,447 | €21,978 | +€1,532 | +7.5% |
| Remuneration and social security | 454/9 | €1,570 | €1,170 | -€400 | -25.5% |
| Other amounts payable | 47/48 | €349,017 | €333,157 | -€15,860 | -4.5% |
| Remuneration, social security and pensions | 62 | €9,248 | €8,323 | -€926 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,686 | €29,375 | +€3,689 | +14.4% |
| Other operating charges | 640/8 | €2,249 | €8,286 | +€6,038 | +268.5% |
| Gross operating margin | 9900 | -€84,111 | €54,904 | +€139,015 | |
| Operating profit (loss) | 9901 | -€121,294 | €8,920 | +€130,214 | |
| Financial income | 75/76B | €9 | €838 | +€830 | +9459.7% |
| Recurring financial income | 75 | €9 | €838 | +€830 | +9459.7% |
| Financial charges | 65/66B | €9,895 | €8,820 | -€1,075 | -10.9% |
| Recurring financial charges | 65 | €9,895 | €8,820 | -€1,075 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€131,180 | €938 | +€132,119 | |
| Income taxes | 67/77 | €229 | - | -€229 | |
| Profit (loss) for the period | 9904 | -€131,409 | €938 | +€132,348 | |
| Profit (loss) for the period to be appropriated | 9905 | -€131,409 | €938 | +€132,348 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.