4R GROUP: 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.
4R GROUP
Largest movements
- Current investments -€2.1m
down €2.1m (-58.5%), from €3.6m to €1.5m
- Receivables within one year -€1.8m
down €1.8m (-79.2%), from €2.2m to €465,637
- Cash -€458,098
down €458,098 (-56.1%), from €817,095 to €358,997
mainly Contributions, distributions and other (-€4.1m) and Tax, wage and social debts (-€258,387)
- Contributions -€3.1m
down €3.1m (-99.4%), from €3.1m to €20,000
- Reserves -€1.0m
down €1.0m (-8.8%), from €11.4m to €10.4m
- Tax, wage and social debts -€258,387
down €258,387 (-100.0%), from €258,387 to €0
- Financial income -€2.7m
down €2.7m (-97.3%), from €2.8m to €73,292
- Taxes -€262,633
down €262,633 (-94.0%), from €279,545 to €16,911
- Gross operating margin +€376
up €376 (+6.8%), from -€5,553 to -€5,177
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 | €14,811,293 | €10,457,032 | -€4.4m | -29.4% |
| Fixed assets | 21/28 | €8,122,398 | €8,122,398 | = | 0.0% |
| Financial fixed assets | 28 | €8,122,398 | €8,122,398 | = | 0.0% |
| Current assets | 29/58 | €6,688,895 | €2,334,634 | -€4.4m | -65.1% |
| Amounts receivable within one year | 40/41 | €2,234,527 | €465,637 | -€1.8m | -79.2% |
| Other amounts receivable | 41 | €2,234,527 | €465,637 | -€1.8m | -79.2% |
| Current investments | 50/53 | €3,637,273 | €1,510,000 | -€2.1m | -58.5% |
| Cash at bank and in hand | 54/58 | €817,095 | €358,997 | -€458,098 | -56.1% |
| Total equity and liabilities | 10/49 | €14,811,293 | €10,457,032 | -€4.4m | -29.4% |
| Equity | 10/15 | €14,549,204 | €10,453,538 | -€4.1m | -28.2% |
| Contributions | 10/11 | €3,110,000 | €20,000 | -€3.1m | -99.4% |
| Reserves | 13 | €11,439,204 | €10,433,538 | -€1.0m | -8.8% |
| Distributable reserves | 133 | €11,439,204 | €10,433,538 | -€1.0m | -8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €262,089 | €3,494 | -€258,595 | -98.7% |
| Amounts payable within one year | 42/48 | €262,089 | €3,494 | -€258,595 | -98.7% |
| Trade debts | 44 | €3,668 | €3,459 | -€208 | -5.7% |
| Suppliers | 440/4 | €3,668 | €3,459 | -€208 | -5.7% |
| Taxes, remuneration and social security | 45 | €258,387 | €0 | -€258,387 | -100.0% |
| Taxes | 450/3 | €258,387 | €0 | -€258,387 | -100.0% |
| Other amounts payable | 47/48 | €35 | €35 | +€0 | 0.0% |
| Gross operating margin | 9900 | -€5,553 | -€5,177 | +€376 | +6.8% |
| Operating profit (loss) | 9901 | -€5,553 | -€5,177 | +€376 | +6.8% |
| Financial income | 75/76B | €2,756,440 | €73,292 | -€2.7m | -97.3% |
| Recurring financial income | 75 | €2,756,440 | €73,292 | -€2.7m | -97.3% |
| Financial charges | 65/66B | €491 | €469 | -€22 | -4.5% |
| Recurring financial charges | 65 | €491 | €469 | -€22 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €2,750,396 | €67,646 | -€2.7m | -97.5% |
| Income taxes | 67/77 | €279,545 | €16,911 | -€262,633 | -94.0% |
| Profit (loss) for the period | 9904 | €2,470,851 | €50,734 | -€2.4m | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,470,851 | €50,734 | -€2.4m | -97.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.