4SPACE: what changed
Two financial 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.
4SPACE
Largest movements
- Tangible fixed assets -€32,723
down €32,723 (-7.5%), from €437,273 to €404,550
of which Land and buildings: -€24,966
- Receivables within one year -€6,092
down €6,092 (-24.7%), from €24,617 to €18,525
- Debts after one year -€62,180
down €62,180 (-19.2%), from €324,409 to €262,229
- Reserves +€23,215
up €23,215 (+38.2%), from €60,826 to €84,042
- Gross operating margin +€9,788
up €9,788 (+21.9%), from €44,789 to €54,577
- Financial charges -€7,534
down €7,534 (-56.7%), from €13,292 to €5,758
- Taxes +€4,817
up €4,817 (+321.8%), from €1,497 to €6,314
- Depreciation -€581
down €581 (-2.6%), from €22,324 to €21,743
- Other operating charges +€552
up €552 (+13.3%), from €4,158 to €4,710
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €472,035 | €437,450 | -€34,585 | -7.3% |
| Fixed assets | 21/28 | €437,273 | €404,550 | -€32,723 | -7.5% |
| Tangible fixed assets | 22/27 | €437,273 | €404,550 | -€32,723 | -7.5% |
| Land and buildings | 22 | €424,661 | €399,695 | -€24,966 | -5.9% |
| Plant, machinery and equipment | 23 | €12,611 | €4,854 | -€7,757 | -61.5% |
| Current assets | 29/58 | €34,762 | €32,900 | -€1,862 | -5.4% |
| Amounts receivable within one year | 40/41 | €24,617 | €18,525 | -€6,092 | -24.7% |
| Trade receivables | 40 | €24,617 | €18,525 | -€6,092 | -24.7% |
| Cash at bank and in hand | 54/58 | €9,849 | €14,036 | +€4,187 | +42.5% |
| Deferred charges and accrued income | 490/1 | €296 | €339 | +€43 | +14.6% |
| Total equity and liabilities | 10/49 | €472,035 | €437,450 | -€34,585 | -7.3% |
| Equity | 10/15 | €110,826 | €134,042 | +€23,215 | +20.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €60,826 | €84,042 | +€23,215 | +38.2% |
| Distributable reserves | 133 | €60,826 | €84,042 | +€23,215 | +38.2% |
| Amounts payable | 17/49 | €361,208 | €303,408 | -€57,800 | -16.0% |
| Amounts payable after more than one year | 17 | €324,409 | €262,229 | -€62,180 | -19.2% |
| Financial debts | 170/4 | €324,409 | €262,229 | -€62,180 | -19.2% |
| Amounts payable within one year | 42/48 | €36,799 | €41,179 | +€4,380 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €30,276 | €31,364 | +€1,089 | +3.6% |
| Trade debts | 44 | €963 | €2,052 | +€1,090 | +113.2% |
| Suppliers | 440/4 | €963 | €2,052 | +€1,090 | +113.2% |
| Taxes, remuneration and social security | 45 | €4,636 | €6,571 | +€1,935 | +41.7% |
| Taxes | 450/3 | €4,636 | €6,571 | +€1,935 | +41.7% |
| Other amounts payable | 47/48 | €925 | €1,191 | +€266 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,324 | €21,743 | -€581 | -2.6% |
| Other operating charges | 640/8 | €4,158 | €4,710 | +€552 | +13.3% |
| Gross operating margin | 9900 | €44,789 | €54,577 | +€9,788 | +21.9% |
| Operating profit (loss) | 9901 | €18,307 | €28,123 | +€9,817 | +53.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €13,292 | €5,758 | -€7,534 | -56.7% |
| Recurring financial charges | 65 | €13,292 | €5,758 | -€7,534 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | €5,015 | €22,365 | +€17,350 | +346.0% |
| Income taxes | 67/77 | €1,497 | €6,314 | +€4,817 | +321.8% |
| Profit (loss) for the period | 9904 | €3,518 | €16,051 | +€12,533 | +356.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,518 | €16,051 | +€12,533 | +356.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.