4PRO: 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.
4PRO
Largest movements
- Receivables within one year -€241,468
down €241,468 (-19.2%), from €1.3m to €1.0m
of which Other amounts receivable: -€217,935
- Contributions -€576,247
down €576,247 (-10.2%), from €5.6m to €5.1m
- Other debts +€426,451
up €426,451 (+5010.5%), from €8,511 to €434,962
- Reserves -€332,851
down €332,851 (-66.8%), from €498,391 to €165,540
of which Distributable reserves: -€325,235
- Debts after one year +€300,000
new in 2025: €300,000
- Financial charges -€13,065
down €13,065 (-36.6%), from €35,680 to €22,615
- Gross operating margin -€11,953
down €11,953 (-30.1%), from -€39,680 to -€51,633
- Financial income -€9,310
down €9,310 (-21.1%), from €44,209 to €34,899
- Depreciation +€2,474
up €2,474 (+6.1%), from €40,844 to €43,319
- Other operating charges +€1,647
up €1,647 (+10.1%), from €16,273 to €17,920
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 | €6,669,825 | €6,439,398 | -€230,427 | -3.5% |
| Fixed assets | 21/28 | €5,097,474 | €5,102,959 | +€5,485 | +0.1% |
| Tangible fixed assets | 22/27 | €1,190,592 | €1,196,077 | +€5,485 | +0.5% |
| Land and buildings | 22 | €1,169,108 | €1,181,138 | +€12,030 | +1.0% |
| Plant, machinery and equipment | 23 | €4,511 | €2,249 | -€2,262 | -50.2% |
| Furniture and vehicles | 24 | €16,973 | €12,690 | -€4,283 | -25.2% |
| Financial fixed assets | 28 | €3,906,882 | €3,906,882 | = | 0.0% |
| Current assets | 29/58 | €1,572,351 | €1,336,439 | -€235,912 | -15.0% |
| Amounts receivable after more than one year | 29 | €311,661 | €314,778 | +€3,117 | +1.0% |
| Other amounts receivable | 291 | €311,661 | €314,778 | +€3,117 | +1.0% |
| Amounts receivable within one year | 40/41 | €1,259,017 | €1,017,549 | -€241,468 | -19.2% |
| Trade receivables | 40 | €31,269 | €7,736 | -€23,533 | -75.3% |
| Other amounts receivable | 41 | €1,227,748 | €1,009,813 | -€217,935 | -17.8% |
| Cash at bank and in hand | 54/58 | €1,054 | €3,332 | +€2,278 | +216.2% |
| Deferred charges and accrued income | 490/1 | €619 | €780 | +€161 | +26.0% |
| Total equity and liabilities | 10/49 | €6,669,825 | €6,439,398 | -€230,427 | -3.5% |
| Equity | 10/15 | €6,145,349 | €5,206,055 | -€939,294 | -15.3% |
| Contributions | 10/11 | €5,646,957 | €5,070,711 | -€576,247 | -10.2% |
| Reserves | 13 | €498,391 | €165,540 | -€332,851 | -66.8% |
| Tax-exempt reserves | 132 | €173,156 | €165,540 | -€7,616 | -4.4% |
| Distributable reserves | 133 | €325,235 | €0 | -€325,235 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€30,196 | -€30,196 | |
| Provisions and deferred taxes | 16 | €57,719 | €55,180 | -€2,539 | -4.4% |
| Deferred taxes | 168 | €57,719 | €55,180 | -€2,539 | -4.4% |
| Amounts payable | 17/49 | €466,758 | €1,178,163 | +€711,406 | +152.4% |
| Amounts payable after more than one year | 17 | - | €300,000 | +€300,000 | |
| Financial debts | 170/4 | - | €300,000 | +€300,000 | |
| Amounts payable within one year | 42/48 | €464,376 | €875,964 | +€411,588 | +88.6% |
| Financial debts | 43 | €423,000 | €425,000 | +€2,000 | +0.5% |
| Credit institutions | 430/8 | €423,000 | €425,000 | +€2,000 | +0.5% |
| Trade debts | 44 | €32,211 | €16,002 | -€16,209 | -50.3% |
| Suppliers | 440/4 | €32,211 | €16,002 | -€16,209 | -50.3% |
| Taxes, remuneration and social security | 45 | €654 | €0 | -€654 | -100.0% |
| Taxes | 450/3 | €654 | €0 | -€654 | -100.0% |
| Other amounts payable | 47/48 | €8,511 | €434,962 | +€426,451 | +5010.5% |
| Accrued charges and deferred income | 492/3 | €2,382 | €2,200 | -€182 | -7.7% |
| Remuneration, social security and pensions | 62 | €7,579 | €7,853 | +€274 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,844 | €43,319 | +€2,474 | +6.1% |
| Other operating charges | 640/8 | €16,273 | €17,920 | +€1,647 | +10.1% |
| Gross operating margin | 9900 | -€39,680 | -€51,633 | -€11,953 | -30.1% |
| Operating profit (loss) | 9901 | -€104,377 | -€120,724 | -€16,347 | -15.7% |
| Financial income | 75/76B | €44,209 | €34,899 | -€9,310 | -21.1% |
| Recurring financial income | 75 | €44,209 | €34,899 | -€9,310 | -21.1% |
| Financial charges | 65/66B | €35,680 | €22,615 | -€13,065 | -36.6% |
| Recurring financial charges | 65 | €35,680 | €22,615 | -€13,065 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | -€95,848 | -€108,440 | -€12,591 | -13.1% |
| Transfer from deferred taxes | 780 | €2,539 | €2,539 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€93,310 | -€105,901 | -€12,591 | -13.5% |
| Transfer from tax-exempt reserves | 789 | €7,616 | €7,616 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,693 | -€98,285 | -€12,591 | -14.7% |
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 8 October 2026 via checked.be.