4SD: 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.
4SD
Largest movements
- Cash +€1,137
up €1,137 (+47.1%), from €2,415 to €3,552
mainly Trade debts (+€2,374) and Other debts (+€1,000)
- Profit (loss) carried forward -€3,176
down €3,176 (-24.1%), from €13,198 to €10,023
- Trade debts +€2,374
up €2,374 (+41.2%), from €5,764 to €8,137
- Other debts +€1,000
up €1,000 (+1.7%), from €59,700 to €60,700
- Turnover -€13,298
down €13,298 (-25.0%), from €53,142 to €39,844
- Gross operating margin -€13,154
down €13,154, from €10,812 to -€2,342
- Depreciation -€9,833
down €9,833 (-100.0%), from €9,833 to €0
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 | €97,262 | €97,461 | +€199 | +0.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €97,262 | €97,461 | +€199 | +0.2% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,347 | €81,409 | -€938 | -1.1% |
| Trade receivables | 40 | €82,347 | €81,409 | -€938 | -1.1% |
| Cash at bank and in hand | 54/58 | €2,415 | €3,552 | +€1,137 | +47.1% |
| Total equity and liabilities | 10/49 | €97,262 | €97,461 | +€199 | +0.2% |
| Equity | 10/15 | €31,798 | €28,623 | -€3,176 | -10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,198 | €10,023 | -€3,176 | -24.1% |
| Amounts payable | 17/49 | €65,464 | €68,838 | +€3,375 | +5.2% |
| Amounts payable within one year | 42/48 | €65,464 | €68,838 | +€3,375 | +5.2% |
| Trade debts | 44 | €5,764 | €8,137 | +€2,374 | +41.2% |
| Suppliers | 440/4 | €5,764 | €8,137 | +€2,374 | +41.2% |
| Taxes, remuneration and social security | 45 | - | €1 | +€1 | |
| Taxes | 450/3 | - | €1 | +€1 | |
| Other amounts payable | 47/48 | €59,700 | €60,700 | +€1,000 | +1.7% |
| Turnover | 70 | €53,142 | €39,844 | -€13,298 | -25.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €42,330 | €42,186 | -€144 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,833 | €0 | -€9,833 | -100.0% |
| Other operating charges | 640/8 | €778 | €791 | +€14 | +1.8% |
| Gross operating margin | 9900 | €10,812 | -€2,342 | -€13,154 | |
| Operating profit (loss) | 9901 | €202 | -€3,134 | -€3,335 | |
| Financial charges | 65/66B | €56 | €42 | -€14 | -24.9% |
| Recurring financial charges | 65 | €56 | €42 | -€14 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €146 | -€3,176 | -€3,321 | |
| Profit (loss) for the period | 9904 | €146 | -€3,176 | -€3,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €146 | -€3,176 | -€3,321 |
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 2 October 2026 via checked.be.