4S CONSTRUCTION: what changed
4S CONSTRUCTION
Largest movements
- Receivables within one year -€29,361
down €29,361 (-44.6%), from €65,781 to €36,420
of which Trade receivables: -€41,600
- Stocks and contracts -€19,137
no longer reported in 2025 (was €19,137)
- Deferred charges and accrued income +€6,227
up €6,227 (+628%), from €992 to €7,218
- Cash +€4,997
up €4,997 (+33.0%), from €15,120 to €20,117
mainly Receivables within one year (+€29,361) and Stocks and contracts (+€19,137)
- Tangible fixed assets -€3,625
down €3,625 (-67.5%), from €5,371 to €1,746
of which Plant, machinery and equipment: -€1,948
- Trade debts -€49,967
down €49,967 (-93.3%), from €53,556 to €3,589
- Profit (loss) carried forward +€13,301
up €13,301 (+74.9%), from -€17,755 to -€4,454
- Tax, wage and social debts -€4,780
down €4,780 (-56.4%), from €8,477 to €3,697
of which Taxes: -€5,032
- Accrued charges and deferred income +€4,147
up €4,147 (+635%), from €653 to €4,800
- Other debts -€3,701
down €3,701 (-6.7%), from €55,641 to €51,940
- Staff costs -€41,126
down €41,126 (-59.8%), from €68,828 to €27,702
- Depreciation -€680
down €680 (-15.4%), from €4,405 to €3,725
- Other operating charges -€488
down €488 (-52.7%), from €927 to €439
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,572 | €65,572 | -€41,000 | -38.5% |
| Fixed assets | 21/28 | €5,542 | €1,816 | -€3,725 | -67.2% |
| Intangible fixed assets | 21 | €171 | €71 | -€100 | -58.6% |
| Tangible fixed assets | 22/27 | €5,371 | €1,746 | -€3,625 | -67.5% |
| Land and buildings | 22 | €1,717 | €1,477 | -€240 | -14.0% |
| Plant, machinery and equipment | 23 | €1,948 | €0 | -€1,948 | -100% |
| Furniture and vehicles | 24 | €1,706 | €268 | -€1,437 | -84.3% |
| Current assets | 29/58 | €101,030 | €63,755 | -€37,275 | -36.9% |
| Stocks and contracts in progress | 3 | €19,137 | - | -€19,137 | |
| Stocks | 30/36 | €19,137 | - | -€19,137 | |
| Amounts receivable within one year | 40/41 | €65,781 | €36,420 | -€29,361 | -44.6% |
| Trade receivables | 40 | €62,968 | €21,368 | -€41,600 | -66.1% |
| Other amounts receivable | 41 | €2,813 | €15,052 | +€12,239 | +435% |
| Cash at bank and in hand | 54/58 | €15,120 | €20,117 | +€4,997 | +33.0% |
| Deferred charges and accrued income | 490/1 | €992 | €7,218 | +€6,227 | +628% |
| Total equity and liabilities | 10/49 | €106,572 | €65,572 | -€41,000 | -38.5% |
| Equity | 10/15 | -€11,755 | €1,546 | +€13,301 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,755 | -€4,454 | +€13,301 | +74.9% |
| Amounts payable | 17/49 | €118,327 | €64,026 | -€54,301 | -45.9% |
| Amounts payable within one year | 42/48 | €117,674 | €59,226 | -€58,448 | -49.7% |
| Trade debts | 44 | €53,556 | €3,589 | -€49,967 | -93.3% |
| Suppliers | 440/4 | €53,556 | €3,589 | -€49,967 | -93.3% |
| Taxes, remuneration and social security | 45 | €8,477 | €3,697 | -€4,780 | -56.4% |
| Taxes | 450/3 | €5,032 | - | -€5,032 | |
| Remuneration and social security | 454/9 | €3,445 | €3,697 | +€252 | +7.3% |
| Other amounts payable | 47/48 | €55,641 | €51,940 | -€3,701 | -6.7% |
| Accrued charges and deferred income | 492/3 | €653 | €4,800 | +€4,147 | +635% |
| Remuneration, social security and pensions | 62 | €68,828 | €27,702 | -€41,126 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,405 | €3,725 | -€680 | -15.4% |
| Other operating charges | 640/8 | €927 | €439 | -€488 | -52.7% |
| Gross operating margin | 9900 | €46,289 | €45,906 | -€383 | -0.8% |
| Operating profit (loss) | 9901 | -€27,871 | €14,041 | +€41,912 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €526 | €741 | +€215 | +40.9% |
| Recurring financial charges | 65 | €526 | €741 | +€215 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,397 | €13,301 | +€41,697 | |
| Profit (loss) for the period | 9904 | -€28,397 | €13,301 | +€41,697 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,397 | €13,301 | +€41,697 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.